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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...

Perry Ellis Returns to Profitability in Q4
Perry Ellis International reported revenues for the fourth quarter were $196.4 million, a 3% increase compared to $191.2 million a year ago. The increase is attributable to a turnaround of Perry Ellis Collection at department stores, initial shipments of Callaway and TOP-FLITE spring product, as well as improved performance in direct to consumer businesses, primarily the Perry Ellis and Original Penguin retail stores...(3/19/2010)

Blacks Leisure Rejects Rivals Offcer, Will Pursue Stock Sale
Blacks Leisure rejected a £26 million offer from rival British retailer Sports Direct as “wholly inadequate” and said it plans to pursue plans sell stock to raise cash need for its turnaround plans...(3/19/2010)

RECALL: Bauer Hockey Sticks
Bauer Hockey is recalling 100,000 children's hockey sticks after Health Canada warned the company of the sticks' high lead content... (3/19/2010)

Nike and UCF Agree to Footwear and Apparel Contract
In the wake of having is footwear and apparel contract with Adidas terminated after freshman men’s basketball player Marcus Jordan, the son of hall of famer Michael Jordan, refused to wear team issued footwear in favor of his father’s Air Jordans, UCF has reached a five-year agreement with Nike to provide all Golden Knight athletic teams with footwear and apparel, according to a report in the Orlando Sentinel.(3/19/2010)

RECALL: Do It Best Corp; Bicycle Bells
Do It Best Corp, in cooperation with the US Consumer Product Safety Commission is recalling about 1,000 bicycle bells after it found that the bells' red paint contained excessive lead levels... (3/19/2010)

Shoe Carnival Q4 Comps Surge 8.8%
Shoe Carnival, Inc. reported sales for the fourth quarter increased 8.8% to $170.8 million from $156.9 million a year ago on an 8.8% comp gain. Net earnings reached $2.6 million, or 20 cents per diluted share, compared to a net loss of $3.0 million, or 24 cents, a year ago...(3/18/2010)

Senate Bill Aims To Penalize Currency Manipulation
In a move likely to further friction with China, a group of 16 U.S. senators announced bipartisan legislation this week to penalize countries that undervalue their currency to artificially discount their exports...(3/18/2010)

Sperry Top-Sider Hires Bill Bettencourt as SVP, Sales and Marketing
Sperry Top-Sider, a division of Collective Brands Performance + Lifestyle Group, announced that Bill Bettencourt has joined the Sperry team as senior vice president of sales, marketing and business development. Since 2004, Bettencourt was with Vans, Inc., where he most recently served as vice president, product and marketing... (3/18/2010)



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