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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...

USA Football Releases Early Data from Concussion Study
Fewer than 10 percent of youth football players incurred an injury while playing, and of those injuries, 64 percent were minor where athletes returned to play on the same day, according to preliminary findings of a study released by USA Football that may be the most comprehensive ever conducted on the subject...(5/22/2013)

SIA Backcountry Committee Meeting Draws 40 to Denver
SnowSports Industries America (SIA), the snow sports industry’s member-owned trade association, convened its Backcountry Committee in Denver, Colo. this month for the second time since October 2012 to discuss best practices for communicating with the industry and consumers about the opportunities and risks in the backcountry...(5/22/2013)

Avia/Nevados' Revenues Reach $77.5 Million in 2012
According to a SEC filing from Brown Shoe Corp., sales of Avia and Nevados, recently sold to Galaxy Brand Holdings, Inc., were a combined $77.5 million in 2012, down from $98.1 million a year ago...(5/22/2013)

Dick's SG's Q1 Comps Miss Plan
Dick's Sporting Goods, Inc. reported a modest gain in first-quarter earnings, in line with expectations. Adjusted for the shifted calendar due to the 53rd week in 2012, consolidated same store sales decreased 3.8 percent, compared to its guidance of an approximate 1 to 2 percent decrease. Shifted same store sales in the first quarter of 2013 for Dick's Sporting Goods decreased 3.2 percent and Golf Galaxy sales decreased 11.8 percent...(5/21/2013)

GrindMedia Acquires TransWorld Action Sports Portfolio from Bonnier
GrindMedia acquired TransWorld’s action sports brands from Bonnier Corporation in a deal it said positions it as the clear leader in connecting advertisers and consumers who share the passion and excitement for action sports. The combined business reaches an average monthly audience of more than 30 million outdoor enthusiasts...(5/21/2013)

L.L.Bean Passes Torch to Founder's Great Grandson
L.L.Bean's long-time chairman and former CEO Leon A. Gorman told the company's employees Monday that he is retiring and passing the torch to another descendant of company founder Leon Leonwood Gorman. He will be succeeded by Shawn Gorman, 47, the founder’s great-grandson...(5/21/2013)

Wal-Mart Stores, Target Opt Out of Credit Card Settlement
Wal-Mart Stores Inc., Costco Wholesale Corp. and Starbucks are among 19 major retailers who said they are opting out of a multi-billion dollar class-action settlement with Visa Inc. and Mastercard Inc. over their transaction processing fees... (5/21/2013)

PGA Touts Golf's Benefits
The World Golf Foundation and Golf 20/20 commissioned The Walker Research Group to identify and report on the health and wellness benefits of golf participation. According to the research, a round of golf can burn between 1,300 and 2,000 calories and has a similar bio-mechanic effect as a 3.5 to 4-mile run...(5/21/2013)



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