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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...

Amer Sports Swings to Q2 Loss on Restructuring Charges at Wilson
Amer Sports, which owns the Salomon, Wilson, Arc'teryx, Mavix and Suunto brands, announced the next phase of its restructuring would focus on its Ball Sports segment after reporting charges at its Wilson brand caused it to swing to a loss on higher revenue in the second quarter. Amer Sports' Winter and Outdoor segment's revenues rose 3.6 percent to €174.8 million ($235.4 mm) and grew 7 percent on a currency-neutral basis...(7/24/2014)

Jarden Outdoor Profits Grow Six Times Faster Than Sales in Q2
Jarden Corp reported net profits at its Outdoor Solutions segment grew 12.8 percent in the second quarter or more than six times faster than sales, which were up 1.9 percent from a year earlier. The segment includes results from Coleman, K2, Marmot, Penn, Rawlings and 22 other camping, fishing, snowsports, outdoor and athletic brands...(7/24/2014)

Under Armour's Q2 Revenues Jump 34 Percent
Under Armour, Inc. reported revenues increased 34 percent in the second quarter of 2014 to $610 million led by a 35 percent gain in apparel and 34 percent hike in footwear revenues. Net income in the second quarter of 2014 of $18 million was unchanged compared with the prior year's period, largely reflecting the planned timing of marketing and innovation expenses. The company again raised its guidance for the year...(7/24/2014)

Cabela's Tops Q2 Estimates Despite Comp Drop
Cabela's Inc. reported second-quarter earnings slid 2.3 percent to $43.5 million, or 61 cents a share, but results came in well-ahead of Wall Street's consensus estimate of 51 cents a share. Comparable store sales decreased 14.2 percent... (7/24/2014)

Columbia Sportswear's Q2 Revenues Climb 16 Percent
Columbia Sportswear Co. reported sales grew 16 percent in the second quarter to $324.2 million compared with sales of $280.5 million for the same period in 2013. Columbia brand net sales increased $38.5 million, or 15 percent, to $291.0 million, and the newly-acquired prAna brand contributed $5.5 million of incremental net sales... (7/24/2014)

Deckers Outdoor Sees 24 Percent Q2 Growth
Deckers Outdoor Corporation reported revenues improved 24.3 percent in the second quarter to $211.5 million with strong double-digit gains at Ugg, Teva and Sanuk. Sales were again led by direct-to-consumer with 29.4 percent growth at retail and 43.7 percent at e-commerce... (7/24/2014)

Implus Acquires DryGuy and MaxxDry Dryers
Implus has acquired DryGuy, a leading supplier of footwear dryers and thermal layering systems. This latest addition to the Implus family of brands will fall under the company’s Outdoor Division, which also includes Yaktrax, ICEtrekkers and Little Hotties...(7/24/2014)

Brunswick Corp. Posts 4 Percent Q2 Sales Gain
Brunswick Corporation reported sales grew 4 percent in the second quarter. The gains were led by its Fitness segment, with sales climbing 7 percent; followed by Marine Engine, ahead 4 percent; and Boat segment, up 3 percent. On a GAAP and as adjusted basis, operating earnings increased 3 percent from second quarter 2013...(7/24/2014)



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