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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...

Amer Sports Says Exchange Rates Offset First Quarter Sales Growth
Amer Sports reported net sales increased 6 percent currency-neutral terms in the quarter ended March 30, but said earnings before income taxes fell nearly 22 percent as the euro continued to rise against other currencies. The Finnish company said a mild winter in Europe hurt cross country sales and that a fall in the value of the Russian currency hurt margins...(4/24/2014)

Under Armour Lifts FY Guidance on Strong Q1
Under Armour, Inc.'s net revenues jumped 36.0 percent in the first quarter of 2014 to $642 million, representing its 16th straight quarter of at least 20 percent top-line growth. Net income surged 73.3 percent in the first quarter of 2014 to $13.5 million, or 6 cents a share, exceeding Wall Street's consensus estimate of 4 cents a share. UA also slightly raised its outlook for the year... (4/24/2014)

Investor Group led by Bernard Mariette Purchases Lolė Parent
A group of strategic and financial investors led by Bernard Mariette, CEO & President of Coalision Inc., have purchased a majority interest in Coalision from Kilmer Capital Partners. This investment will enable Coalision's growing activewear brand Lolė to expand its retail and web business internationally as well as its global wholesale business...(4/24/2014)

West Marine Widens Q1 Loss
West Marine, Inc. reported net revenues were $113.3 million in its first quarter ended Mar. 29, a decrease of 0.8 percent compared to last year. Comparable store sales decreased by 1.7 percent. The net loss in the period widened slightly to $11.0 million, or 46 cents a share, from $9.7 million, or 41 cents, a year ago...(4/24/2014)

Callaway Golf's Q1 Net Income Improves 15 Percent
Callaway Golf Company reported its first-quarter showed a 22 percent increase in sales, driven by double digit growth in woods (+33 percent), irons (+29 percent), and golf balls (+24 percent). Additionally, income from operations increased 54 percent to $62 million and fully diluted earnings...(4/23/2014)

Recon Instruments Lands Investment from Motorola Solutions
Recon Instruments has landed an investment from Motorola Solutions Venture Capital, the strategic investment arm of Motorola Solutions, which is interested in commercializing Heads-up Display (HUD) technology Recon developed for goggles and other sports applications...(4/23/2014)

Rocky Brands Q1 Revenues Climb 22.5 Percent
Rocky Brands, Inc. reported first quarter net sales increased 22.5 percent to $65.8 million versus net sales of $53.7 million in the first quarter of 2013. The company reported first quarter net income of $723,788, or 10 cents a share, slightly down compared with net income of $892,096, or 12 cents, a year ago...(4/23/2014)

Nike Boston Reopens
Nike Boston reopened on Friday, April 18 just prior to the Boston Marathon. Located at the former Niketown address —200 Newbury Street — Nike Boston has an entirely new look. The two-story, 30,000-square-foot store...(4/23/2014)



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