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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.


The Latest News...

Adidas Issues Profit Warning As Golf Sales Plunge, Russia Outlook Worsens
Adidas AG will not meet 2015 financial targets due to a freefall in global golf sales and the souring outlook in Russia. The company reported Thursday that second quarter sales increased 10 percent on a currency-neutral basis, driven by 14 percent growth at Adidas and 9 percent growth at Reebok, but that sales declined 18 percent at TaylorMade-Adidas Golf. Exchange rates shaved 7 percentage points off sales during the quarter...(7/31/2014)

Gildan Activewear's Q2 Earnings Flat
Gildan Activewear reported sales in the third quarter amounted to $693.8 million, up 12.9 percent from the year-ago quater. Net earnings were basically flat at $116.0 million, or 94 cents per share, compared with net earnings of $115.8 million, or 94 cents, for the third quarter of fiscal 2013. Gildan said quarterly results were impacted by transitional manufacturing inefficiencies and capacity constraints to fully service sales demand in its branded apparel...(7/31/2014)

Ogio Partners with Ironman on Bag Collection
Ogio has partnered with Ironman on a collection consisting of seven total pieces and includes transition bags, backpacks, luggage and a briefcase...(7/31/2014)

Super.natural Appoints Directors of Sales in U.S. and Canada
Super.natural, a maker of natural and synthetic blended performance apparel, hired Troy Ballard as director of sales in the United States while Robbie Stevens will take on the same position for Canada. Super.natural will be making its North American retail debut Fall 14...(7/31/2014)

Target Hires Former Pepsi Exec as CEO
Target Corporation named seasoned retail and consumer products veteran Brian Cornell as its next chairman of the board of directors and chief executive officer, effective Aug. 12. Cornell, 55, most recently served as the chief executive officer of PepsiCo Americas Foods. Before joining PepsiCo in 2012, Cornell served as president and CEO of Sam’s Club...(7/31/2014)

Garmin's Fitness Sales Soared in Q2
Garmin’s reported sales by its Fitness segment soared 79 percent in the second quarter ended June 28 as consumers snapped up its Vivofit fitness trackers, lower priced Forerunner smartwatches and a new cycling computer. The company lowered its full-year revenue forecast for its Outdoor segment, however, citing lower than expected sales of its Virb action camera...(7/30/2014)

Authentic Brands Group Acquires Collective Licensing International
Authentic Brands Group, LLC, the parent of Prince, Spyder and TapOut, has agreed to acquire certain assets of Collective Licensing International, LLC, including Airwalk, Hind, Vision Street Wear, and Above The Rim. Terms were not disclosed. Each brand will continue to work with its existing licensees on expanding its US presence and product offering. ABG will move forward with a strategic plan to grow each brand's business internationally...(7/30/2014)

SIA Opens Official Room Block for 2015 Snow Show
SnowSports Industries America (SIA) has opened the 2015 SIA Snow Show official hotel blocks. SIA Snow Show hotel reservations can be made online at...(7/30/2014)

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