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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...

Nike's Q2 Sales Jump 15 Percent
Nike, Inc. reported earnings rose 22.7 percent in the second quarter ended Nov. 30, to $655 million, or 74 cents a share, exceeding Wall Street's consensus estimate of 70 cents. Revenues grew 14.8 percent to $7.38 billion. Nike Brand revenues were up 17 percent on a currency-neutral basis, with growth in every product type, geography and key category, except golf...(12/18/2014)

Athletic, Outdoor Brands Excelling at Fulfillment
Cabela's, Nike and Under Armour were among 10 online retailers that earned spots on the Kurt Salmon Santa’s Good List for Holiday Shipping for speedily delivering multi-unit Cyber Monday orders...(12/18/2014)

Sanuk Founder Jeff Kelly to Transition from Active Role
Sanuk, a division of Deckers Brands, announced that Jeff Kelly (JK), founder of the Sanuk brand, will be transitioning from an active role at the brand at the close of the year. JK’s decision reflects Sanuk’s progress in expanding its management team and resources...(12/18/2014)

Carol M. White Physical Education Program Grants (PEP) Funded for 2015
Pioneered by the Sports & Fitness Industry Association (SFIA), the Carol M. White Physical Education Program (PEP), a legislative priority for SFIA over the years, received $47 million in funding for fiscal year 2015. PEP grants are multi-year grants for PE equipment purchases and teacher training tied to innovative physical education methods...(12/18/2014)

Sunice Hires VP of Marketing
Sunice Inc. appointed Marc Gagnier its VP of marketing. Gagnier will be responsible for all of the global marketing activities for the Sunice, AUR and Tommy Hilfiger Golf brands. He will be based in Montreal...(12/18/2014)

Travel and Tourism Spending Decelerated in Q3
Real spending on travel and tourism decelerated in the third quarter of 2014, increasing at an annual rate of 1.3 percent after increasing 3.3 percent (revised) in the second quarter. Real gross domestic product (GDP) also decelerated, increasing 3.9 percent (second estimate) in the third quarter after increasing 4.6 percent...(12/18/2014)

Adidas Outdoor Athlete Attempts Solo Row Across the Pacific
Adidas Outdoor announced its athlete Sonya Baumstein, 29, will attempt to be the first female to successfully row solo from Japan to San Francisco next spring. During the 4-6 month expedition...(12/18/2014)

Brown Shoe Amends Credit Agreement
Brown Shoe Company entered into an amended and restated credit agreement, which extends its senior secured asset-based revolving credit facility to December 2019...(12/18/2014)



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