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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...

Crocs Names VP, Merchandising
Crocs, Inc. has added Adam Baker to fill the newly created position of VP, merchandising. Baker’s expertise in the apparel and footwear industry includes more than 15 years of experience with Nike and Under Armour. Most recently, Baker served as VP of product management for Under Armour...(5/16/2008)

Wolverine World Wide Names Corporate Controller
Wolverine World Wide, Inc. announced the appointment of Michael D. Stornant to the position of corporate controller. In his new role, Stornant will be directly responsible for the oversight of the company's European and Canadian financial operations, and will be indirectly responsible for the financial oversight of the company's global brand business units and the Global Operations Group...(5/16/2008)

Honeywell Acquires Norcross Safety Products
Honeywell completed its acquisition of Norcross Safety Products L.L.C., a manufacturer of Personal Protective Equipment (PPE), for approximately $1.2 billion. Norcross owns several shoe brands in the work, hunting and outdoor space. These include Ranger, XTRATUF, Servus, Northerner, The Original Muck Boot Company, and NEOS (New England Overshoe Co., Inc.)...(5/16/2008)

Head Q1 Revenues Grow 7.5% on Easy Winter Sports Comp
Head N.V. reported that net revenues for the first quarter increased 7.5% to €61.6 million ($92.3 mm) from €57.3 million ($75.1 mm) last year. Winter Sports revenues for the three months ended March 31, 2008 increased 43.2%, to €15.4 million ($23.1 mm) from €10.8 million ($14.2 mm) in the comparable 2007 period. The company slimmed its net loss to a loss of €3.5 million (-$5.2 mm) compared to a €9.6 million (-$12.6 mm) loss in Q1 2007...(5/15/2008)

Report: Le Coq Pulls Out of U.S.
Le Coq Sportif, the French sportswear brand, will close its Portland-based North American subsidiary effective immediately, according to a report in The Oregonian. The closure comes less than a year after Le Coq leased offices in Portland and three months after it relaunched its clothing and footwear lines in the U.S...(5/15/2008)

TYR Sues Speedo Over LZR Racer Suit
TYR Sport has filed a federal lawsuit alleging that Speedo, manufacturer of the record-breaking "LZR Racer," has conspired with USA Swimming to stifle competition and lure top athletes away from other companies. TYR claims Warnaco Swimwear, the parent company of Speedo, has violated antitrust laws by conspiring with USA Swimming and USA Swimming and team head coach Mark Schubert to promote the benefits of wearing the LZR suit in Beijing...(5/15/2008)

Spyder Names EVP of Global Strategy and Marketing
Gary De Bay has been named Executive Vice President of Global Strategy and Marketing for Spyder Active Sports after serving the brand on a consultant level since November 2007. De Bay will be responsible for global brand strategy and marketing for the Spyder Ski, Spyder Active and Spyder Venom lines, and for the recently acquired Cloudveil Mountain Works brand...(5/15/2008)

New Era Cap Signs Deal with Perfect Game USA
New Era Cap signed an agreement to have Perfect Game USA (PG), the world's largest baseball scouting report service, become a national dealer for the company. PG will concentrate its efforts on providing New Era caps to high level travel, tournament and high school baseball teams across the country as well as the nation's top amateur prospects...(5/15/2008)



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