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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...

Newell Rubbermaid to Acquire Ignite USA
Newell Rubbermaid has agreed to acquire Ignite USA, LLC, which makes thermal mugs and hydration bottles under the Contigo and Avex brands, for $308 million from North Castle Partners and its co-investors. Ignite's sales have grown at a CAGR of 35 percent over the last four years and are expected to reach $125 million in 2014. Newell Rubbermaid said it expects the acquisition to be accretive to its normalized EPS in the first year...(7/21/2014)

Boulder Running Co-Founder Exits
Mark Plaatjes, a co-founder of Boulder Running Co., has left the company following the chain's sales last year to Running Specialty Group. Product line manager Henry Guzman has also left the retailer, according to a report from the Daily Camera...(7/21/2014)

China's Third Biggest Outdoor Brand to List Shares in London
Fraspens, China’s third largest domestic outdoor brand, is seeking to list its shares on the AIM Market of the London Stock Exchange to raise $4 million in new capital and its international profile. The company reported sales of about $66 million in 2013, or about 6.8 percent of the country's outdoor products sales, which grew 28 percent last year, according to estimates by...(7/21/2014)

ICAST Draws 11,000, Including 1,000 Media
The American Sportfishing Association estimated 11,000 exhibitors, buyers and media converged on the Orange County Convention Center (OCCC) last week for the 57th International Convention of Allied Sportfishing Trades, better known as ICAST...(7/21/2014)

Johnson Outdoors Names VP Marketing Services and Communication
Johnson Outdoors Inc. named Patricia G. Penman, vice president - marketing services and communication worldwide. In her new role, Penman is responsible for leading development of consumer/brand research and market analytics' strategies and programs, and overseeing the company's internal and external strategic communications... (7/21/2014)

NRF Endorses Marketplace and Internet Tax Freedom Act
The National Retail Federation (NRF) is supporting the Marketplace and Internet Tax Freedom Act...(7/21/2014)

PHIT America Announces Three New Celebrity Ambassadors
PHIT America the non-profit education and advocacy organization designed to combat the nation’s inactivity and obesity crisis announces three new celebrity ambassadors. The additions include professional track athlete Keith Ricks, former U.S. Rowing coxswain and two-time world champion Ned DelGuercio, and two-time Olympian with U.S. Rowing and current coach at Georgetown University Giuseppe Lanzone...(7/21/2014)

Majestic Athletic Launches Player Trades Promotion
Majestic has launched its new Summer Trade Bummer Buster promotion. Now through July 31, Majestic will offer any customer who has purchased the jersey of a traded player through majesticathletic.com a coupon for 50 percent off toward another authentic collection or replica jersey...(7/21/2014)



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