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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...

NFL Wins Suit Against American Needle
The National Football League won a licensing suit against American Needle over its past deal to make Reebok its exclusive headwear licensee. The U.S. Court of Appeals for the 7th Circuit affirmed a summary judgment ruling that the National Football League is a “single entity” whose business choices are nearly impossible to challenge under Section 1 of the Sherman Antitrust Act, which bars agreements in restraint of trade...(8/20/2008)

Bob's Stores Sold to Private Equity Group
TJX Cos. Inc. announced the sale of Bob's Stores to a pair of private equity firms, Versa Capital Management and Crystal Capital. Terms of the sale weren't disclosed. However, the deal will result in a $15 million, or 3-cent-per-share charge, in the third quarter...(8/20/2008)

Under Armour Names New Director of Communications
Under Armour, Inc. has appointed Diane Pelkey to the position of director of communications. In this role, Pelkey will guide Under Armour’s global internal and external public relations efforts including media relations, the development of long-term communications programs, and provide strategic counsel to Under Armour’s executive team...(8/20/2008)

Heelys Rejects Skechers Second Bid
Heelys Inc. rejected a second unsolicited buyout offer from Skechers USA Inc., saying the $142.8 million cash offer is too low. In a statement issued after the market close on Tuesday, the maker of wheeled shoes for children said its board rejected Skechers' $5.25 per share bid...(8/19/2008)

Diadora America Names VP of Sales
Diadora America appointed Mark Wachter as its vice president of sales. In this position, Wachter will manage the sales force and oversee all sales functions for the soccer, tennis and running lines. In addition, Wachter, who began his career at Diadora America in 1991, will continue his duties as director of footwear and accessory development...(8/19/2008)

Sports Authority Opens 11 Stores in One Day
Sports Authority opened 11 stores in eight states on August 16 as part of an overall push to add 37 new stores around the country during 2008. The new stores, averaging 40,000 square feet, opened last Saturday included locations in Omaha, NB.; Kansas City, MO.; Hiram, GA; Gainesville, VA; Austin and Rockwall, TX; Amherst, NH; Tucson and Phoenix, AZ; and Fort Collins, CO...(8/19/2008)

Deckers Hires President for TSUBO
Deckers Outdoor Corporation has hired Ray Moseley as TSUBO Brand President. In this role, Moseley will be responsible for all aspects of the TSUBO brand and will report directly to President and CEO Angel Martinez. Moseley joins Deckers with 10 years of industry experience at AND 1, where he served as the Vice President of Footwear where he managed the footwear department...(8/19/2008)

Icebreaker Purchases Distributor in Switzerland and France
Icebreaker announced its purchase of its distributor in Switzerland and France, Rockline Nature Zone, and the creation of two new subsidiaries, Icebreaker Switzerland and Icebreaker France....(8/19/2008)



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