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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.


The Latest News...

Adidas Issues Profit Warning As Golf Sales Plunge, Russia Outlook Worsens
Adidas AG will not meet 2015 financial targets due to a freefall in global golf sales and the souring outlook in Russia. The company reported Thursday that second quarter sales increased 10 percent on a currency-neutral basis, driven by 14 percent growth at Adidas and 9 percent growth at Reebok, but that sales declined 18 percent at TaylorMade-Adidas Golf. Exchange rates shaved 7 percentage points off sales during the quarter...(7/31/2014)

Smith Optics Parent Reports Strong Growth in Sports Eyewear
Safilo Group S.p.A. reported sales of its Sports products, which include sunglasses and goggles made by Smith Optics, increased 18.5 percent in the second quarter, or 24.2 in currency neutral terms...(7/31/2014)

Cramer Products Announces Retirement of CEO Tom Rogge
Cramer Products, a leader in sports medicine and physical education products, announced the retirement of Thomas K. Rogge, president and chief executive officer, effective Sept. 30, 2014, and the appointment of Robert Mogolov to the position of general manager, effective Aug. 25, 2014...(7/31/2014)

Gildan Activewear's Q3 Earnings Flat
Gildan Activewear reported sales in the third quarter amounted to $693.8 million, up 12.9 percent from the year-ago quater. Net earnings were basically flat at $116.0 million, or 94 cents per share, compared with net earnings of $115.8 million, or 94 cents, for the third quarter of fiscal 2013. Gildan said quarterly results were impacted by transitional manufacturing inefficiencies and capacity constraints to fully service sales demand in its branded apparel...(7/31/2014)

GoPro's Q2 Revenues Leap 38 Percent
GoPro, Inc. reported revenue for the second quarter was $244.6 million, up 38.1 percent compared to the $177.1 million reported in the second quarter of 2013...(7/31/2014)

OIA Names Made in America Showcase Exhibitors
Outdoor Industry Association (OIA) named the 30 companies that will exhibit products at Outdoor Retailer's first "Made in America Product Showcase" next week in Salt Lake City. The showcase is produced by the OIA Made in America Working Group, which was created in 2013 to provide a forum for outdoor companies who manufacture in the United States to connect, share resources and communicate their needs and challenges...(7/31/2014)

Princeton Tec's Global Ambitions Trigger Leadership Changes
Princeton Tec has named Brian McKinney outdoor division manager to replaced Justin Kline, who will be shifting his focus to leading International sales...(7/31/2014)

Sport Chalet Shareholders Have Until Midnight Friday to Get Top Dollar
Sport Chalet, Inc. announced that enough of its shareholders have agreed to sell their shares to Vestis Retail Group LLC to consummate a merger with the company, which owns Eastern Mountain Sports and Bob's Stores. However, time is running out for shareholders to get top dollar for their Sport Chalet stock. ...(7/31/2014)

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