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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...

Under Armour's Q3 Revenues Jump 30 Percent
Under Armour, Inc. reported revenues increased 30 percent in the third quarter to $938 million. Sales grew 26 percent in apparel, 50 percent in footwear, and 32 percent in accessories. Net income increased 22 percent to $89 million, or 41 cents a share, million, slightly above Wall Street's consensus estimates and the company again raised its guidance for the full year...(10/23/2014)

Amer Sports Reports Strong Softgoods Growth in Q3
Amer Sports reported net sales of €645.8 million ($856 mm) for the quarter ended Sept. 30, up 8 percent compared with €608.9 million a year earlier. Net sales increased by 6 percent in local currencies. Double-digit growth in sales of Arc'teryx and Salomon apparel and footwear, Precor fitness gear and Suunto instruments more than offset declines at bicycle components maker Mavic and the Ball Sports segment, where Wilson continues to pare SKUs in a bid to gain profitability...(10/23/2014)

Cabela's Q3 Profit Climbs Despite Comp Drop
Cabela's Inc. reported net income excluding certain items increased 18.8 percent to $58.3 million on $886.0 million in revenue. Revenue increased 4.1 percent as store expansion offset an 11.2 percent decline in comparable store sales... (10/23/2014)

Jarden Outdoor Reports Flat Q3 Operating Margins
Jarden Corp. reported slow growth and flat earnings at its Outdoor Solutions segment, which owns Coleman, K2, Marmot and 24 other sporting goods brands in the third quarter ended Sept. 30 from a the year earlier quarter...(10/23/2014)

SIA Releases State of the Industry Video Series
SnowSports Industries America has released its State of the Industry Video series reviewing the 2013/14 snow sports season, which was marked by $3.6 billion in sales and extraordinary weather patterns...(10/23/2014)

Brunswick Corp's Q3 Revenues Climb 13 Percent
Brunswick Corporation reported adjusted operating earnings increased 45 percent in the third quarter on a 13 percent revenue gain. Fitness segment sales, including Life Fitness, and Marine Engine segment revenues, each grew 11 percent. Boat segment sales jumped 22 percent...(10/23/2014)

Electrobike Opens First US Shop in California
ElectroBike has opened its first store in the United States in Venice, CA through Curbside Commuter, a new U.S. division it established after two years of successfully expanding in its native Mexico...(10/23/2014)

Foot Locker Foundation, Inc. Unites Athletic Industry for 14th Annual On Our Feet Fundraising Gala
The Foot Locker Foundation joined together with members of the athletic industry, as well as its business partners, on Tuesday, Oct. 21, at New York City's Gotham Hall for the 14th annual "On Our Feet" fundraising gala. Celebrities attending the event included JR Smith (NY Knicks Guard), Derek Fisher (NY Knicks Head Coach), Darryl Strawberry (Baseball Legend), and Kyra Sedgwick (Actress)... (10/23/2014)



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