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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...

OIA President and CEO Frank Hugelmeyer Resigns
Outdoor Industry Association's board of directors announced Frank Hugelmeyer has resigned as president and CEO of the trade association effective Oct. 3. The board said it will name an interim executive director for OIA while a special search committee and a national search firm look for the right person to lead OIA moving forward...(9/30/2014)

Netpulse Raises $18.6 Million in New Funding
Netpulse, the fitness industry's leading digital platform, has secured $18.6M in new funding led by Nokia Growth Partners, with participation from August Capital, Javelin Venture Partners, DFJ Frontier and Docomo Capital. John Gardner from Nokia Growth Partners will join the company's board...(9/30/2014)

Boot Barn Files for IPO
Boot Barn Holdings Inc., which operates 155 stores in 24 states, has filed for an initial public offering. The company plans to raise up to $86.25 million...(9/30/2014)

Creative Recreation Hires Creative Director
Rich Cofinco has returned to lifestyle footwear brand Creative Recreation, a division of Rocky Brands, Inc. as the brand's creative director. Cofinco, who departed in 2012, was Creative Recreation's co-founder and original designer...(9/30/2014)

L.L.Bean to Open First Colorado Store
L.L.Bean is set to expand its retail operation with the opening of its first Colorado store. The new 13,000- square-foot store will be located in...(9/30/2014)

MIFA Files for Self Administration, Seeks New Investors
MIFA Mitteldeutsche Fahrradwerke AG filed for the European equivalent of a Chapter 11 bankruptcy Monday after it failed to reach a final agreement with an Indian company that had agreed to recapitalize the German bike manufacturer. MIFA, which assembles more bikes in Germany than any other company, has struggled since borrowing to finance acquisitions...(9/30/2014)

PRADCO Outdoor Brands Acquires Bandit Lures
PRADCO Outdoor Brands (POB) has acquired Bandit Lures of Sardis, MS and shifted it operations to it Fishing Division in Fort Smith, AL...(9/30/2014)

Shoe Sensation Growing Headquarters and Distribution Center
Shoe Sensation, Inc., a regional chain of family shoe stores, announced plans to expand its corporate headquarters and distribution center here, creating up to 32 new jobs by 2017... (9/30/2014)



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