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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...

Timberland Lays Out Five-Year Growth Plan
Timberland at an investor meeting laid out its plans to grow revenues by $1.4 billion during the next five years to reach $3.1 billion by the end of 2019. Growth in the Americas region will account for nearly half of the anticipated $1.4 billion in total revenue growth, representing an annual growth rate of 14 percent for the region. This U.S. led growth is expected to be balanced across both wholesale and direct-to-consumer channels...(9/17/2014)

Deckers Brands Names Google Exec to Board
Deckers Brands appointed Google executive Bonita C. Stewart to its board of directors. Stewart brings a wealth of experience to Deckers spanning interactive marketing and brand development, as well as financial and operational management...(9/17/2014)

Globe International Sees Turnaround in Fiscal 2014
Globe International, the skate footwear and equipment company based in Melbourne, reported sales grew 24 percent in its fiscal year ended July to Australian $103.5 million (94.2 mm). On a currency-neutral basis, sales grew 13 percent. The company showed a loss after costs to writedown the value of the Globe trademark, but earnings sharply improved before the charge...(9/17/2014)

Lafuma Group Returns to the Black in the First Half
Lafuma Group of France returned to the black in the first half of 2014, according to Calida Group, which acquired control of the outdoor and action sports apparel company last year. Thanks to the acquisition, Calida reported consolidated sales more than doubled year-on-year to CHF197.4 million ($221 mm), while the operating result (EBIT) and net result were also much higher...(9/17/2014)

SFIA Announces Major Campaign to Increase Sports Participation
At the 2014 SFIA Industry Leaders Summit in Chicago, SFIA Chairman & Mizuno, USA President Bob Puccini and SFIA President & CEO Tom Cove announced the SFIA Increase Participation Plan, the biggest initiative the sports and fitness industry has launched to increase participation. Working closely with industry partner PHIT America, SFIA outlined an attack plan to help reverse the ‘inactivity pandemic,’ and get more Americans active and playing sports...(9/17/2014)

Apple Stores to Begin Selling Deeper Fish Finder
Watch out Humminbird, Apple began selling a fish finder at its stores in Europe Wednesday, according to to Friday Lab, a Lithuanian company that makes the cue ball shaped device. Friday Lab said the product, Deeper, is the first fish finder to work on the iOS operating system...(9/17/2014)

Eyeking Appoints EVP Product, Design and Marketing
Eyeking LLC, the eyewear specialist with licensed partners including Under Armour Eyewear and Hobie Polarized, appointed Timothy (Timm) Parker as EVP, product, design and marketing... (9/17/2014)

Nike Suspends Contract with Adrian Peterson
Nike has suspended its endorsement contract with Minnesota Vikings running back Adrian Peterson in the wake of his child abuse charges... (9/17/2014)



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