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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...

Billabong Reports $233.7 Million Loss for Fiscal 2014
Billabong International Limited lost $233.7 million in the fiscal year ended June 30 compared with a loss of $859.5 million in fiscal 2013, but has resumed growing in the United States for the first time in years, the company reported...(8/28/2014)

FIFA and US Soccer Organizations Sued Over Concussion Policies
A class action complaint on behalf of current and former soccer players has been filed against the FIFA, the sport's international governing body, along with other U.S.-based soccer associations, for the alleged failure to adopt effective policies to evaluate and manage concussions...(8/28/2014)

Genesco Cuts FY Guidance on Weak Q2
Citing weakness at its Lids Sports Group, Genesco Inc. reported earnings on an adjusted basis fell 39.4 percent in the second quarter. It also sharply reduced its EPS guidance for the year due to continued erosion at Lids for the balance of the year. Comps in the second quarter increased 2 percent with a 5 percent increase in the Journeys Group offsetting a 2 percent decrease in the Lids Sports Group...(8/28/2014)

RSG Appoints Senior Advisor, Strategic Initiatives
The Running Specialty Group (RSG), which is owned by The Finish Line, Inc., has appointed Bob Wallace as senior adviser, strategic Initiatives. Wallace will focus on strategic planning, operational excellence and being an ambassador to the running community...(8/28/2014)

Amer Sports Updates 2014 Outlook
Amer Sports expects global trading conditions to remain challenging, with some regional improvements during the remainder of 2014, it told investor at its annual Capital Markets Day.(8/28/2014)

Arctic Ice Selects Social Media Marketing Agency
Arctic Ice announces their selection of WikWorks, a social media marketing company specializing in the outdoor sporting goods market...(8/28/2014)

German Bikes Sales up 4 Percent in Frist Half
Germany's bicycle trade association, Zweirad-Industrie-Verband e.V. (ZIV), estimates that around 2.8 million bicycles and e-bikes were sold to end users in Germany from January to June, up four percent from the first half of 2013 thanks primarily to improved weather. ZIV expects the growth to continued through the remainder of the year...(8/28/2014)

Pacific Sunwear Logs Q2 Loss
Pacific Sunwear of California reported that adjusted for special items it showed a loss from continuing operations of $1.8 million, or 3 cents a share, as compared to income from continuing operations of $1.6 million, or 2 cents, for the same period a year ago. Results reached the higher end of its previous guidance but were impacted by a down-trending denim cycle... (8/28/2014)



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