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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...

Skechers Q2 Revenues Surge 37 Percent
Skechers USA, Inc. reported second quarter sales jumped 37.1 percent to $587.1 million, led by double-digit increases in its domestic wholesale business and its international wholesale business as well as a 13.9 percent same-store hike at its company-owned retail stores. Earnings grew more than four-fold to $34.8 million, or 68 cents... (7/23/2014)

Timberland Appoints New Brand President
Timberland promoted Stewart Whitney to brand president effective Oct. 5, 2014. Whitney led Timberland’s growth in the Asia Pacific region since 2008. He will report to Patrik Frisk, who has held the position since the brand’s 2011 acquisition by VF Corp. In April, Frisk was promoted to coalition president, Outdoor Americas for VF...(7/23/2014)

AVEX Acquired by Newell Rubbermaid
AVEX, makers of performance water bottles and travel mugs, announced an acquisition by Newell Rubbermaid...(7/23/2014)

Black Diamond Completes Sale of Gregory
Black Diamond, Inc. completed the asset sale of its Gregory Mountain Products, LLC brand for $84.1 million to Samsonite LLC...(7/23/2014)

HanesBrands Q2 Earnings Climb
HanesBrands, the parent of Champion, Hanes and Gear for Sports, reported net sales increased 12 percent to $1.34 billion, adjusted operating profit excluding actions increased 27 percent to $231 million, and adjusted diluted EPS excluding actions increased 44 percent to $1.71 a share. The gains were led by its Activewear segment...(7/23/2014)

Rocky Brands Sees Double-Digit Q2 Growth
Rocky Brands, Inc. reported second quarter net sales increased 15.8 percent to $68.8 million, led double digit gains by its Work, Western, and Hunting categories. Earnings were slightly down... (7/23/2014)

Terna, Lorpen Merge
The majority shareholder of the Spanish company IASA (owner of the brands Astore and Ternua) has acquired Lorpen, a company based in Navarra, Spain...(7/23/2014)

Wenonah Canoe Names C4 Waterman Sales Team
Wenonah Canoe Inc. named the North American sales team for C4 Waterman, the SUP brand it merged with in January...(7/23/2014)



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