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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...

BRG Sports Sells Easton Hockey to Chartwell Investments
BRG Sports, Inc., formerly Easton-Bell Sports, announced that Chartwell Investments, a New York-based private investment firm, has partnered with senior hockey management to acquire its Easton Hockey business. Terms of the transaction were not disclosed...(8/27/2014)

Brown Shoe's Q2 Exceeds Expectations
Brown Shoe Company reported net income in the second quarter rose 17.5 percent to $18.1 million, or 41 cents a share, from $15.4 million, or 35 cents, a year earlier. Results exceeded Wall Street's consensus estimate by 6 cents a share. Sales reached $635.9 million, up 2.3 percent versus second quarter 2013 net sales of $621.7 million. Famous Footwear's comps grew 1.6 percent...(8/27/2014)

ILWU and PMA Reach Tentative Agreement on Health Benefits
The International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) announced late Tuesday that they have reached a tentative agreement on terms for health benefits, subject to agreement on the other issues in the negotiations... (8/27/2014)

Smith & Wesson Slashes Guidance for Fiscal 2015
Smith & Wesson Holding Corporation slashed its fiscal 2015 guidance, saying it expects excess inventory at retail to hurt sales much more than expected in the current quarter, when many hunting sales peak. The dramatically lower guidance came even though SWHC reported results for the fiscal first quarter ended July 31 met or exceeded its June guidance...(8/27/2014)

Sports Authority Takes Sniagrab Online For First Time
Sports Authority is will allow customers nationwide to participate in its annual Sniagrab snowsports sale for the first time in the event's 60-year history by taking it online beginning Tuesday, Sept. 2...(8/27/2014)

Asics Signs Queen Harrison
Asics America welcomed two-time Olympic hurdler, Queen Harrison, to its team of elite athletes...(8/27/2014)

Tilly’s Q2 Earnings Slide
Tilly’s, Inc. reported earnings slumped 69.8 percent in the second quarter to $1.3 million, or 5 cents a share Results were in line with expectations, "reflecting the continuation of challenging market conditions and the planned reduction in our clearance inventory." Comparable-store sales decreased 7.1 percent and gross margins eroded 40 basis points...(8/27/2014)

Clarks Sets SoHo Grand Opening
On Aug. 30, Clarks Americas will unveil the largest retail space of designer collaborations, exclusive Clarks Originals heritage styles and new product collections for men and women in the heart of NYC’s Soho district. The flagship store, at 547 Broadway, covers 3,400 square feet... (8/27/2014)



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