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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...

Lululemon Partners with Dalai Lama Center
Lululemon Athletica Inc., synonymous in some quarters with the "corporatization of yoga," got a powerful, albeit implicit endorsement Wednesday from none other than the Dalai Lama. In a presentation following an address by His Holiness at a heart and mind summit, Lululemon CEO Laurent Potdevin announced the apparel company will contribute CAD$250,000 annually over the next three years to support the Dalai Lama Center for Peace + Education. Both the center and Lululemon are based in Vancouver, BC...(10/22/2014)

OIA Appoints Eagle Creek Founder Steve Barker Interim Executive Director
The Outdoor Industry Association board of directors appointed Steve Barker, founder and former owner of Eagle Creek, as interim executive director for the organization, effective immediately. As interim executive director, Steve will provide a stable and consistent leadership presence for OIA staff while the board conducts a national search for a permanent OIA executive director...(10/22/2014)

Skechers Q3 Earnings Soar on 31 Percent Sales Gain
Skechers USA, Inc. reported second-quarter earnings jumped 90.4 percent to $51.1 million, or $1.00 a share. Revenues grew 30.7 percent to $674.3 million compared to $515.8 million for the third quarter of 2013. Revenues increased 18.5 percent in its domestic wholesale business, 60.6 percent in its international wholesale business, and 25.0 percent in its company-owned global retail business... (10/22/2014)

Hawley Scouting Northeastern US for Next Distribution Center
Hawley, the Lexington, SC-based bicycle parts and accessories (PB&A) dealer, plans to open a new distribution center in the Northeastern United States that will enable it to offer next-day ground delivery across much of the Eastern U.S...(10/22/2014)

Nike Brings Out Stars to Showcase Women's Push
Nike Inc. brought out 27 of its top athletes to New York City to showcase a breadth of performance and lifestyle products as well as digital services as the company continues to accelerate growth within its women’s business...(10/22/2014)

Off Broadway Shoe Warehouse Names Director of Marketing
Off Broadway Shoe Warehouse announced Kristen Picard as the company’s new director of marketing and Brittany Moeller as the company’s new women’s buyer... (10/22/2014)

Pro Nine Sports Acquired by Private Investor
Pro Nine Sports, Inc., a wholesaler of high-performance baseball and softball sporting goods including balls, helmets, catcher's gear, bats, and field equipment, was acquired by a private investor...(10/22/2014)

Rocky Brands Q3 Profit Increases Slightly
Rocky Brands, Inc. reported third quarter net sales increased 3.6 percent to $72.7 million versus net sales of $70.2 million in the third quarter of 2013. The company reported third quarter net income of $3.1 million, or 42 cents per diluted share as compared to net income of $2.9 million, or 39 cents, in the third quarter of 2013, a gain of 6.9 percent...(10/22/2014)



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