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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...

Brown Shoe's Q3 Profits Climb 21 Percent
Brown Shoe Company reported third quarter earnings rose 21.2 percent to $33.1 million, or 75 cents per share. Revenues rose 3.8 percent. Wholesale segment sales jumped 18.2 percent with both Healthy Living and Contemporary Fashion contributing strong double-digit sales improvement. Famous Footwear's comps were ahead 1.6 percent, driven by continued strong growth in canvas and aided by an increase in both sandals and boots...(11/25/2014)

RECALL: 10,000 Goal Zero Sherpa 50 and 120 Battery Packs
Goal Zero LLC has recalled about 10,000 of its Sherpa 50 and 120 rechargeable battery packs because they can overcharge, overheat, bulge and melt the battery pack’s enclosure, posing a fire hazard and risk of property damage...(11/25/2014)

Timberland Announces Q3 2014 CSR Performance
Timberland reduced its use of volatile organic compounds in the third quarter, although factory compliance was off slightly, according to its latest Corporate Social Responsibility performance update...(11/25/2014)

BackJoy Gains Minority Investment
BackJoy Orthotics, LLC. has received a minority investment from Sandbridge Capital, which recently took a stake in Rossignol. BackJoy is best known for its SitSmart Pro seat accessory that supports the back but has expanded into footwear, sports bras, sports apparel and pillows that work to improve posture...(11/25/2014)

Columbia Opens First PFG Store in Texas
Columbia Sportswear Company opened its first Columbia Performance Fishing Gear (PFG) concept store in Texas at Southlake Town Square near Dallas in time for Black Friday...(11/25/2014)

DSW Exceeds Street Guidance in Q3
DSW Inc. reported third-quarter earnings declined 9.8 percent to $49.6 million, or 55 cents a share. But earnings came in better than Wall Street estimates and sales in all major categories accelerated compared to the first half. Comparable sales increased by 2.6 percent...(11/25/2014)

Jarden to Execute Stock Split After Market Close Today
Jarden Corporation is scheduled to distribute one additional share of Jarden common stock for every two shares to stockholders of record as of Nov. 3 after the close of the stock market today...(11/25/2014)

Reebok Acquires Luta Sportswear
Reebok International, which is owned by Adidas, has acquired has the U.K.-based, boxing and martial arts brand, Luta. Reebok also established a long-term alliance with Fight for Peace, a non-profit organization which combines boxing and martial arts with education and personal development, and helps more than 100,000 young people in communities affected by crime and violence...(11/25/2014)



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