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SGB UPDATE

SGB UPDATE is the only continuously updated source for news for the Sporting Goods, Athletic Footwear, and Athletic Apparel markets.  This archive area is updated by our editorial team throughout the day as news breaks in the industry.  The SGB UPDATE newsletter is delivered each business morning via e-mail in either TEXT or HTML format.

Click any of the archive tabs above for more news by category of interest.

All BASIC subscribers can access posted articles free for seven days from publish date.  Once archived, articles can only be accessed with a PREMIUM or an EXECUTIVE subscription.

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The Latest News...

Columbia's Organic Sales Up 14 Percent in Third Quarter
Columbia Sportswear Company reported strengthening sales of Columbia branded product by its European direct-to-consumer business, incremental sales from its new China joint venture and newly-acquired prAna turbo-charged its 14 percent organic growth in the third quarter to push its top line to a record $675.3 million, up $152.2 million, or 29 percent, compared with the same period in 2013...(10/30/2014)

Abby Wambach Endorses Head Impact Sensor
Triax Technologies Inc has teamed with Abby Wambach, U.S. Women's National Team and all-time high-goal scorer known for her spectacular headers, to launch the SIM-P (Smart Impact Monitor) to support long-term player health and safety...(10/30/2014)

ATK Revisiting Plan to Spin Off Outdoor Sports Unit
Tuesday's spectacular explosion of a space rocket in Virginia could kill ATK's plans to spin off its Outdoor Sports segment to shareholders as a new, publicly traded company that would be called Vista Outdoor Inc. ATK reported Wednesday that sales at its Sporting Group grew 26 percent to $533 million in the fiscal second quarter ended Sept. 28, as results from Bushnell more than offset a drop in firearms sales from last year's peak levels...(10/30/2014)

Shimano Sees Brisk Bike Components Sales in North America
Shimano Inc. reported sales for the nine months ended Sept. 30 were up nearly 21 percent compared with the same period last year thanks in part to a weaker yen. Sales of of Bicycle Components were brisk in North America, while sales of Fishing Tackle were brisk in Europe and Oceania. Shimano nudged up its full-year revenue and earnings forecast for the second time this year and now expects sales to... (10/30/2014)

Sorel Opens First Pop-Up Store
Sorel opened its first-ever seasonal branded retail store at 345 W. 14th St. in Manhattan’s Meatpacking District. The store will open on October 30 through February 2015...(10/30/2014)

Strava Raises $18.5 Million in Fresh Capital
Strava, the online network connecting the global community of athletes, has partnered with Sequoia and secured $18.5 million in financing. Existing investors Sigma West and Madrone Capital Partners also participated in the round. This funding will allow Strava to fuel the expansion of its service around the world and strengthen its leadership in digital sports...(10/30/2014)

Sturm, Ruger Q3 Profits Tumble
Sturm, Ruger & Company, Inc. reported net earnings tumbled 76.3 percent to $6.78 million, or 34 cents a share. Revenues fell 42.5 percent to $98.3 million. The sales decline was attributed to the reduction in overall consumer demand as well as retailers buying fewer firearms than they were selling in an effort to reduce their inventories and generate cash...(10/30/2014)

TIA Data Points to Improving U.S. Tennis Market
Tennis Industry Association reports that wholesale shipments of tennis products improved in the third quarter, with shipments of balls up mid-single digits and sales of high-end racquets up a surprising...(10/30/2014)



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