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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...

Abby Wambach Endorses Head Impact Sensor
Triax Technologies Inc has teamed with Abby Wambach, U.S. Women's National Team and all-time high-goal scorer known for her spectacular headers, to launch the SIM-P (Smart Impact Monitor) to support long-term player health and safety...(10/30/2014)

Shimano Reports Brisk Bike Components Sales in North AmericaQ3 Results Boosted by Weak Yen
Shimano Inc. reported sales for the nine months ended Sept. 30 were up nearly 21 percent compared with the same period last year thanks in part to a weaker yen. Sales of of Bicycle Components were brisk in North America, while sales of Fishing Tackle were brisk in Europe and Oceania. Shimano nudged up its full-year revenue and earnings forecast for the second time this year and now expects sales to... (10/30/2014)

Strava Raises $18.5 Million in Fresh Capital
Strava, the social fitness app that has become popular in the road cycling community, has raised $18.5 million in a Series D funding round from Madrone Capital Partners, Sigma West and Sequoia Capital, according to CrunchBase, an online database that tracks venture capital deals...(10/30/2014)

Sturm, Ruger Q3 Profits Tumble
Sturm, Ruger & Company, Inc. reported net earnings tumbled 76.3 percent to $6.78 million, or 34 cents a share. Revenues fell 42.5 percent to $98.3 million. The sales decline was attributed to the reduction in overall consumer demand as well as retailers buying fewer firearms than they were selling in an effort to reduce their inventories and generate cash...(10/30/2014)

TIA Data Points to Improving U.S. Tennis Market
Tennis Industry Association reports that wholesale shipments of tennis products improved in the third quarter, with shipments of balls and strings up and sales of high-end racquets up a surprising...(10/30/2014)

Boot Barn Prices IPO
Boot Barn Holdings, a western apparel and footwear retailer with 158 stores in the US, raised $80 million in its initial public offering. The company offered 5 million shares at $16, the high end of its $14-$16 price range... (10/30/2014)

Garmin Fitness Sales Growth Slows to 43 Percent in Q3
Garmin reported sales at its Outdoor and Fitness segments increased by 19 and 43 percent respectively in the third quarter and predicted its financial results would reach the high end of its guidance for the year...(10/29/2014)

HanesBrands Reports Third Consecutive Quarter of Double-Digit Sales Growth
HanesBrands, the parent of Champion, Hanes and Gear For Sports, announced strong third-quarter financial results driven by acquisition benefits, innovation, and enhanced profitability from global supply chain efficiency gains. The company raised its full-year adjusted EPS guidance for the third time this year based on quarterly results despite a continued environment of restrained consumer spending...(10/29/2014)



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