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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...

Golf Town Opens Newfoundland Store
Canada’s largest golf retailer, Golf Town, opened its first store in the province of Newfoundland...(5/17/2013)

Independents Come Out on Top in Consumer Reports' First Ratings of Sporting Goods Retailers
In its first ratings of sporting-goods retailers, 26,461 readers told Consumer Reports about 34,229 experiences buying treadmills, skis, and the like. Almost 30 percent of the transactions took place at Dick’s and Sports Authority. But neither made readers as happy as did independent stores and pro shops, one-sport chains, or outdoor specialty retailers...(5/16/2013)

Mizuno’s Americas Revenues Grow Double-Digits in Fiscal Year
Mizuno Corp. reported earnings slid in its fiscal year ended March 31 due mainly to an increase in SG&A expenses and in purchasing costs. But overall footwear sales remained healthy, especially running shoes in the Americas where net sales set a record to cap off three straight years of strong growth... (5/16/2013)

Academy Sports+Outdoors Expands in Texas
Academy Sports + Outdoors announced that it will expand its presence in the Corpus Christi area with a new location in Portland, TX and a renovation of the 110,000- sqare-foot Corpus Christi store...(5/16/2013)

Growth Draws Nike, Adidas and Under Armour into Sports and Fitness Monitor Market
Pumped up by demand from a wide range of users, including professional athletes and exercise enthusiasts, global shipments of sports and fitness monitors will rise to 56.2 million units in 2017, up from 43.8 million in 2013, according to a new report from IMS Research. The growth has drawn Nike, Adidas and Under Armour into the market...(5/16/2013)

JC Penney Posts Steep First-Quarter Loss
J. C. Penney Company, Inc. reported a net loss of $348 million or $1.58 per share in the first quarter...(5/16/2013)

Cambodia Shoe Factory Collapses, Kills Two
A small shoe factory just outside the capital of Cambodia collapsed last Thursday, killing at least two workers. The factory was making Asics sneakers at the time...(5/16/2013)

GU Energy Rehires Magdalena Boulet
GU Energy Labs has hired Magdalena Boulet, one of the finest distance runners in American history, to lead its product development team...(5/16/2013)



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