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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...

Sport Chalet's Q4 Comps Surge on Strong Team, Online Sales
Sport Chalet, Inc. reported year-to-year comparable store sales growth of 6.8 percent for the fourth quarter ended March 31, enabling it to post its first fiscal year of comp growth since 2007. Revenue grew 23.1 percent at the Team Sales Division and 23.1 percent online...(5/23/2013)

Bogs Footwear Appoints VP of Product
Bogs Footwear has tapped Kelly Wallrich, former VP of product at Keen Footwear, as its new VP of product. She will oversee product design, development and product marketing...(5/23/2013)

Running Specialty Group Acquires Six-Store BlueMile Chain
Running Specialty Group (RSG), which is a joint venture between Finish Line and Gart Capital Partners, Ltd., has acquired six BlueMile running stores to bring the total number of stores in its portfolio to 35... (5/23/2013)

Shoe Carnival's Q1 Net Declines
Shoe Carnival, Inc. reported net sales increased 4.3 percent in the first quarter, to $232.3 million, driven by a net increase of 27 stores over the first quarter last year. Comparable store sales decreased 0.8 percent. Earnings declined 13.6 percent...(5/23/2013)

Sof Sole Appoints Drew Davies as Manager of National Accounts
Sof Sole, a division of Implus Corporation based in Durham, NC, appointed Drew Davies as manager of national accounts. Most recently, he was a key account manager at Reebok Footwear for Hibbett Sports for two years, and prior to that he was an independent sales rep for Kittredge & Associates...(5/23/2013)

Zumiez' Q1 Profits Impacted by Blue Tomato Charges
Zumiez Inc. reported earnings in its first quarter slid 44.4 percent to $2.5 million, or 8 cents per share, compared to net income of $4.5 million, or 14 cents, a year ago. The latest quarter include costs of approximately $1.7 million, or 5 cents per share, for charges associated with the acquisition of Blue Tomato...(5/23/2013)

Altrec Raises $1.75 Million in Debt Offering
Altrec Inc., the outdoor specialty retailer that began online in 1999 and opened its first bricks-and-mortar store in 2011, raised $1.75 million earlier this month by selling debt and options, according to a document it filed with the Securities and Exchange Commission...(5/23/2013)

Icebreaker to Open First Store in Chicago
Icebreaker, the New Zealand merino wool apparel company, will open its first “TouchLab” store in Chicago, IL. This is the company’s first Midwestern location and its tenth North American retail store...(5/23/2013)



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