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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...

Cannondale Buys Stake in Slipstream Sports LLC
Cannondale will become part owner, title sponsor and technical bicycle sponsor for Slipstream Sports LLC's professional cycling tream in 2015. Slipstream Sports will manage the overall operations of the team. Garmin, a key partner of Slipstream Sports since 2008, will remain a significant sponsor of the team in 2015...(8/20/2014)

Sportsman’s Guide Launches Brand Campaign
Sportsman’s Guide has launched a major brand campaign and redesign centered around a “Share The Thrill” rally cry that unites sportsmen both through their love of the outdoors and finding great deals on gear. At the core of the extensive rebranding effort is a new, fresh and distinct Sportsman’s Guide logo...(8/20/2014)

TheClymb Among Sporting Goods Company Named to Inc 5000
The Clymb.com has reached sales of $64.5 million, according to Inc. Magazine’s 2014 Inc. 500 list, which includes seven companies that sell products into the sporting goods channels, including...(8/20/2014)

Vestis Retail Group Completes Sport Chalet Acquisition
Vestis Retail Group, owned by funds advised by Versa Capital Management and operating Bob's Stores and Eastern Mountain Sports, announced the completion of its previously announced acquisition of Sport Chalet, the full-service specialty sporting goods retailer with 50 stores in the Western United States. Mark Walsh, Vestis CEO, said, "Sport Chalet strengthens our position in the active lifestyle and outdoor categories, provides scale from which to grow, and diversifies our geographic footprint"...(8/20/2014)

Respect You Universe Names Lululemon Vet to COO Post
Respect Your Universe Inc. named former Lululemon Athletica Inc. executives Manfred Vollmer as its chief operating officer. Manfred has 30+ years of international experience in retail, real estate, operations and strategic planning and marks the latest senior level executive to join the martial arts-inspired fitness apparel company...(8/20/2014)

Shock Doctor Acquires XO Athletic
Shock Doctor has acquired XO Athletic, based in Union, NJ. The strategic acquisition provides access to patented technologies owned by XO along with retail distribution efficiencies that will benefit both brands. Shock Doctor intends to maintain the XO Athletic brand...(8/20/2014)

World Skateboard Grand Prix Coming to US Next Summer
World Skateboarding Grand Prix (WSGP) will expand in the US next summer, bringing at least three qualifying events to cities across the US, culminating in the first-ever US Skateboarding Championships...(8/20/2014)

Dick's SG Q2 Net Drops After Golf Restructuring Charges
Dick's Sporting Goods reported second-quarter earnings slid 17.5 percent but reached the high-end of its guidance. The quarter included pre-tax charges totaling $20.4 million related to the restructuring of its golf business. Consolidated same store sales increased 3.2 percent. Same store sales for Dick's SG chain increased 4.1 percent, while Golf Galaxy decreased 9.3 percent... (8/19/2014)



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