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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...

Genesco Acquires Anaconda Sports
Anaconda Sports, one of the largest team dealers in the east coast, just became the latest dealer to be swallowed up by Genesco Inc. Terms were not disclosed. Said Hat World's President Kenneth Kocher, "The addition of Anaconda Sports is the latest example of LIDS' intent to grow its brand through the team dealer channel. The diversity within the Anaconda Sports business, its excellent reputation...(9/2/2010)

Costco August Same-Store Sales Up 7%
Costco Wholesale Corporation reported sales of $5.9 billion for the month of August, an increase of 9% from $5.4 billion in the same four-week period last year...(9/2/2010)

Genesco's Comps Increase 3% in Second Quarter
Genesco Inc. said that excluding nonrecurring items in both periods, it showed a loss from continuing operations of $500,000, or 2 cents per diluted share, for the second quarter versus a loss of $400,000, or 2 cents, a year ago. Sales increased 9% to $364 million. Comparable store sales increased by 3%. The Lids Sports Group's comparable store sales increased by 7% and the Journeys Group by 2%... (9/1/2010)

Sporting Goods Industry Anncounces Hall of Fame Inductees
The Sporting Goods Industry Hall of Fame Committee has elected one retailer and two manufacturers, who will be inducted into the Hall of Fame next May. Jim Baugh, Wilson Sporting Goods Co.; Tom Raynor, Fleet Feet, Inc.; and Ted Stahl, GroupeStahl, will be honored at... (9/1/2010)

Nike Revives Pro Combat Uniforms for Storied Programs
Nike has released the company's Pro Combat uniforms in new designs for ten elite college programs that reflect the teams’ traditions, character and culture...(9/1/2010)

Umbro Extends Sponsorship of English Football Association
Umbro, owned by Nike Inc., has extended its sponsorship deal with the English Football Association until 2018... (9/1/2010)

U.S. Consumer Confidence Inches Up in August
The Conference Board, a private research group, said its index of consumer confidence rose to 53.5 in August from a revised 51.0 in July, first reported as 50.4. The August reading was better than the 51.0 expected by economists surveyed by Dow Jones...(8/31/2010)

Sports Authority Extends GSI Commerce Deal
Sports Authority reached an agreement with GSI Commerce that extends and expands the relationship between the two companies. As part of the new arrangement, Sports Authority will buy and own all merchandise sold through its Web store, and will become the seller of record for its e-commerce business in the first half of 2011...(8/30/2010)



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