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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.

*******

The Latest News...

Phoenix Footwear Posts Widened Q2 Loss on Sales Decline   [PREM]
Phoenix Footwear Group, Inc. reported net sales from continuing operations decreased 10% to $17.9 million for the second quarter from $19.8 million last year. The company's footwear brands were down 4% for the quarter while the company's accessories business declined 14%. Net loss from continuing operations was $2.2 million compared to net loss of $1.0 million from continuing operations a year ago...(8/13/2008)

RECALL: Rossignol Snowboard Bindings   [PREM]
The U.S. Consumer Product Safety Commission, in cooperation with Rossignol Ski Co. of Park City, Utah, has announced a voluntary recall of the 2007 Rossignol HC Snowboard Bindings. Consumers should stop using the bindings immediately unless otherwise instructed...(8/13/2008)

Easton-Bell Sees Healthy Q2 Growth in Both Divisions   [PREM]
Easton-Bell Sports, Inc. reported a 7.0% increase in second quarter net sales to $220.8 million from $206.4 million last year. Team Sports net sales increased 5.4% to $132.3 million, while Action Sports net sales increased 9.4% to $88.5 million as compared to the prior year. Net income jumped 28.2% to $15.5 million from $12.1 million last year...(8/12/2008)

Crocs Will File Quarterly Report Late   [PREM]
Crocs told the SEC Tuesday it will be late in filing its quarterly financial report. Following last week's announcement of a drop in quarterly profits from $48.5 million in 2007 to $2.1 million, Crocs said that the filing delay was the result of “significant changes” in its business operations during the quarter... (8/12/2008)

Orange 21 Sees Rise in Net Sales, Fall in Gross Profit   [PREM]
Orange 21 Inc. today announced that their consolidated net sales increased 17% to $14.0 million for the three months ended June 30, 2008 from $12.0 million for the three months ended June 30, 2007. The increase is largely due to an improvement in product mix and availability and increased prices. A net loss of $0.3 million was incurred... (8/12/2008)

The Walking Company Reports Sluggish Second Quarter   [PREM]
The Walking Company Holdings, Inc. reported consolidated net sales increased 0.3% for the second quarter to $56.0 million from $55.9 million last year. Consolidated comparable store sales decreased 1.2% for the second quarter 2008 with The Walking Company posting a 3.2% decline as Big Dogs reported a 4.0% increase. Sales at The Walking Company declined $2.9 million for the second quarter...(8/12/2008)

Theodosakis Resigns from Orange 21 Board   [PREM]
PrAna Founder Jeffrey "Beaver" Theodosakis, who recently bought back prAna from Liz Claiborne, resigned as a member of the board of directors for Orange 21 for personal reasons. On Aug. 7, 2008, the board appointed A. Stone Douglass to fill the vacancy...(8/12/2008)

Bryant Jersey is Top-Seller in China   [PREM]
For the second consecutive season, Kobe Bryant of the Los Angeles Lakers had the top selling NBA jersey in China. Kevin Garnett and Paul Pierce, members of the 2008 NBA Champion Boston Celtics, moved into the top five on this year’s list...(8/12/2008)



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