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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...

Back-to-School Gets Later Start
Recognizing that a number of the best deals of the summer are still to come, some families have only scratched the surface of their back-to-school shopping lists as of mid-August. According to NRF’s latest Back-to-School/College Surveys, the average family with children in grades K-12 completed just half (49.9 percent) of their shopping by that time, down slightly from last year (52.1 percent)...(8/21/2014)

Crocs Appoints Senior VP of Global Merchandising
Crocs, Inc. announced that footwear industry and product merchant leader Michelle Poole has been appointed as its senior vice president of global merchandising. Prior to joining Crocs, Poole spent five years at Sperry Top-Sider, where she was most recently the company's senior vice president of product...(8/21/2014)

Puma intends to Acquire Stake in Football Club Borussia Dortmund
Puma said it intends to take a direct stake in Borussia Dortmund KGaA, having sponsored the football club since 2012. By potentially acquiring up to 5 percent of its capital stock through the planned capital increase announced by Borussia Dortmund, Puma seeks to underpin its long-term, strategic partnership and to intensify the cooperation with one of Germany's top clubs...(8/21/2014)

NHL Concussion Lawsuits Consolidated
Three lawsuits filed by over 200 retired NHL players over concussion-related injuries have been consolidated and will be heard by a federal judge in Minnesota... (8/21/2014)

Perry Ellis' Q2 Losses Swell
Perry Ellis International, which owns numerous golf apparel brands as well as Nike Swim, widened its loss in the second quarter ended Aug. 2 to $1.62 million, or 11 cents a share, from $2.83 million, or 19 cents, a year ago. On an adjusted basis, earnings were 2 cents better than guidance... (8/21/2014)

The Buckle's Q2 Profits Dip
The Buckle, Inc. reported earnings reached $24.5 million, or 51 cents a share, in the second quarter, slightly down from $25.1 million, or 53 cents, a year ago. Same-store sales eased 0.5 percent from... (8/21/2014)

Bain Capital Acquires 50 Percent of Toms
Toms announced the signing of a definitive agreement to partner with Bain Capital, one of the world’s largest private investment firms, to accelerate the growth of the company and its giving programs around the world. Toms Founder and Chief Shoe Giver Blake Mycoskie will continue as visionary of the company and remain the 50 percent owner of Toms...(8/20/2014)

Cannondale Buys Stake in Slipstream Sports LLC
Cannondale will become part owner, title sponsor and technical bicycle sponsor for the U.S-based Sliptream Sports LLC's professional cycling team in 2015. Slipstream will manage team operations. Garmin, a key partner of Slipstream Sports since 2008, will remain a significant sponsor of the team in 2015. nown for its progressive anti-doping stance, Slipstream Sports has won the 2011 Paris-Roubaix, 2012 Giro d'Italia, 2013...(8/20/2014)



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