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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...

FIFA and US Soccer Organizations Sued Over Concussion Policies
A class action complaint on behalf of current and former soccer players has been filed against the FIFA, the sport's international governing body, along with other U.S.-based soccer associations, for the alleged failure to adopt effective policies to evaluate and manage concussions...(8/28/2014)

Genesco Cuts FY Guidance on Weak Q2
Citing weakness at its Lids Sports Group, Genesco Inc. reported earnings on an adjusted basis fell 39.4 percent in the second quarter. It also sharply reduced its EPS guidance for the year due to continued erosion at Lids for the balance of the year. Comps in the second quarter increased 2 percent with a 5 percent increase in the Journeys Group offsetting a 2 percent decrease in the Lids Sports Group...(8/28/2014)

RSG Appoints Senior Advisor, Strategic Initiatives
The Running Specialty Group (RSG), which is owned by The Finish Line, Inc., has appointed Bob Wallace as senior adviser, strategic Initiatives. Wallace will focus on strategic planning, operational excellence and being an ambassador to the running community...(8/28/2014)

German Bikes Sales up 4 Percent in Frist Half
Germany's bicycle trade association, Zweirad-Industrie-Verband e.V. (ZIV), estimates that around 2.8 million bicycles and e-bikes were sold to end users in Germany from January to June, up four percent from the first half of 2013 thanks primarily to improved weather. ZIV expects the growth to continued through the remainder of the year...(8/28/2014)

BRG Sports Sells Easton Hockey to Chartwell Investments
BRG Sports, Inc., formerly Easton-Bell Sports, announced that Chartwell Investments, a New York-based private investment firm, has partnered with senior hockey management to acquire its Easton Hockey business. Terms of the transaction were not disclosed...(8/27/2014)

Brown Shoe's Q2 Exceeds Expectations
Brown Shoe Company reported net income in the second quarter rose 17.5 percent to $18.1 million, or 41 cents a share, from $15.4 million, or 35 cents, a year earlier. Results exceeded Wall Street's consensus estimate by 6 cents a share. Sales reached $635.9 million, up 2.3 percent versus second quarter 2013 net sales of $621.7 million. Famous Footwear's comps grew 1.6 percent...(8/27/2014)

ILWU and PMA Reach Tentative Agreement on Health Benefits
The International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) announced late Tuesday that they have reached a tentative agreement on terms for health benefits, subject to agreement on the other issues in the negotiations... (8/27/2014)

Smith & Wesson Slashes Guidance for Fiscal 2015
Smith & Wesson Holding Corporation slashed its fiscal 2015 guidance, saying it expects excess inventory at retail to hurt sales much more than expected in the current quarter, when many hunting sales peak. The dramatically lower guidance came even though SWHC reported results for the fiscal first quarter ended July 31 met or exceeded its June guidance...(8/27/2014)



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