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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...

Collective Brands Will Try to Overturn Adidas Ruling
Collective Brands Inc. said it will file several motions in court seeking to set aside or reduce an unfavorable verdict in a lawsuit with adidas. Matt Rubel, Collective Brands's CEO, said in a letter to shareholders, "If the trial court does not grant our motions, it may take several years for the matter to be resolved on appeal."...(5/12/2008)

Warnaco Swim Revenues Decline 5% in Q1
The Warnaco Group, Inc. saw net revenues rise 18% to $574.9 million compared to $485.9 million in the prior year period. Swimwear Group revenues were $107.2 million, a 5% decline compared to the prior year period, and operating income decreased 9.0% to $14.8 million, or 14% of Swimwear Group net revenues...(5/12/2008)

Heelys Opens Office in France
Heelys, Inc. and its European company, Heeling Sports EMEA, announced an agreement with its distributor, Trotwood Import/Export to take over the distribution of Heelys in France, Monaco and Andorra. Heeling Sports France, a branch of Heeling Sports EMEA, will manage these countries...(5/12/2008)

K2 Sports Reorganizes Sales Management Structure
K2 Sports made a handful of promotions as part of a reorganization of its sales structure. In all, K2 Sports promoted John O’Connor to U.S. sales director; Ben Wallace to national sales manager for K2 Skis; Kevin Lewis to national sales manager for Line Skis; and Armand LaPorte to international sales manager...(5/12/2008)

Schutt Sports Forms Sports Marketing and Business Development Division
Schutt Sports has formed a new division, the Sports Marketing and Business Development Division, to be headed up by chief marketing officer, Dave Rossi. The division will focus on the marketing and re-branding programs the company had undertaken throughout 2007...(5/12/2008)

Callaway Launches Gas Giveaway Promotion
Callaway Golf announced the start of a new Gas Giveaway promotion which offers a free American Express Fill It Up gas card with the purchase of a new FT-i, FT-5 or Hyper X driver from authorized U.S. Callaway Golf retailers. With the price of gasoline steadily increasing, golfers can now get more distance out of their drives and their gas tanks...(5/9/2008)

DSW First Quarter Comps Slide 5.4%
DSW Inc. reported net sales for the first quarter ended May 3, 2008 increased 2.6% to $366.3 million compared with $357.0 million for the quarter ended May 5, 2007. Same store sales decreased 5.4% for the quarter after a decrease of 3.6% last year...(5/8/2008)

Eddie Bauer Squeaks Out Mild Comp Gain
Eddie Bauer Holdings, Inc. squeaked out an 0.5% increase in same store sales on a 3.9% growth at its retail stores and a 3.1% decline at its outlet stores. The company said its first quarter loss was reduced to $19.3 million from $44.8 million a year ago...(5/8/2008)



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