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TEAM Business UPDATE

TEAM Business UPDATE is the only continuously updated source for news for the Team Sports market.  This archive area is updated by our editorial team throughout the day as news breaks in the industry.  The TEAM Business UPDATE newsletter is delivered weekly 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 EXECUTIVE subscription.

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The Latest News...

Amer Sports Softgoods, Precor and Suunto Brands Powered Third Quarter Growth
Amer Sports reported net sales of €645.8 million ($856 mm) for the quarter ended Sept. 30, up 6.1 percent compared with €608.9 million a year earlier. Net sales increased by 6.0 percent in local currencies. Double-digit growth in sales of Arc'teryx and Salomon apparel and footwear, Precor fitness gear and Suunto instruments more than offset declines at bicycle components maker Mavic and the Ball Sports segment, where Wilson continues to pare SKUs in a bid to grow profitability...(10/23/2014)

Under Armour's Q3 Revenues Jump 30 Percent
Under Armour, Inc. reported revenues increased 30 percent in the third quarter to $938 million. Sales grew 26 percent in apparel, 50 percent in footwear, and 32 percent in accessories. Net income increased 22 percent to $89 million, or 41 cents a share, million, slightly above Wall Street's consensus estimates and the company again raised its guidance for the full year...(10/23/2014)

Nike Brings Out Stars to Showcase Women's Push
Nike Inc. brought out 27 of its top athletes to New York City to showcase a breadth of performance and lifestyle products as well as digital services as the company continues to accelerate growth within its women’s business...(10/22/2014)

Pro Nine Sports Acquired by Private Investor
Pro Nine Sports, Inc., a wholesaler of high-performance baseball and softball sporting goods including balls, helmets, catcher's gear, bats, and field equipment, was acquired by a private investor...(10/22/2014)

Modell’s to Open Store in Shirley, Long Island
Modell’s Sporting Goods, celebrating its 125 year anniversary, will hold a grand opening for its newest location at 1019 Montauk Highway in Shirley, Long Island, bringing their total to 157 storefronts... (10/22/2014)

Implus Acquires TriggerPoint Performance
Implus has acquired TriggerPoint Performance, Inc., a sports performance, self-care brand concentrating on innovation, education and products that optimize muscular performance and personal empowerment. The acquisition comes as Implus continues to expand its current product offerings in the company’s Fitness and Specialty Divisions...(10/21/2014)

PwC Sutvey: Millennials to Drive Wearables Growth
Twenty percent of American adults already own a wearable device and the adoption rate on par with tablets in 2012 is quickly expected to rise, according to PwC's Consumer Intelligence Series The Wearable Future report an extensive U.S. research project that surveyed 1,000 consumers, wearable technology influencers and business executives, as well as monitored social media chatter, to explore the technology's impact on society and business... (10/21/2014)

Adidas to Open Trail Blazers Shop
Adidas will open a retail shop inside the Moda Center in Portland, OR, selling Trail Blazers fan merchandise, according to the Oregonian...(10/21/2014)



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