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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...

Slow Down at West Coast Ports Extends to Bargaining Table
Bargaining talks between companies that unload the bulk of the nation's container imports and the International Longshore and Warehouse Union have stopped until after Thanksgiving, according to the Pacific Maritime Association, which represents terminal operators at West Coast ports...(11/21/2014)

Nike Raises Quarterly Dividend 17 Percent
Nike, Inc.'s board of directors on Wednesday declared a quarterly cash dividend of $0.28 per share on the company’s outstanding Class A and Class B Common Stock, a whopping 17 percent increase over the previous quarterly rate of $0.24...(11/21/2014)

Ocean Carriers Retreat on Port Congestion Surcharges in Wake of Fed Scrutiny
Container cargo companies quickly suspended so-called "port congestion" surcharges they had tied to a work slow down by dock workers at West Coast ports after a raft of complaints by shippers prompted scrutiny by the Federal Maritime Commission...(11/20/2014)

Nike Launches Its First Store Devoted to Women
Nike opened its first store dedicated to women. The 6,000-plus square-foot location in the Fashion Island lifestyle center in Newport Beach, CA also features an in-store studio for group or personal fitness training sessions the first in a U.S. Nike retail location. Other women's locations are planned for Pasadena and China...(11/20/2014)

Cocona Claims Sheex's Lawsuit Without Merit
Responding to Sheex Inc.'s patent infringement lawsuit, Cocona Inc., the maker of 37.5 technology, said it "can state in unequivocal terms that the lawsuit is wholly without merit, and we do not believe that Cocona has infringed on these patents."...(11/20/2014)

Sheex Sues 37.5 for Patent Infringement
Sheex Inc. has sued Cocona Inc. for patent infringement, alleging that its Sleep 37.5 sheets infringe on two patents Sheex received in 2013 to protect inventions it developed through years of research and development. The lawsuit marks the third Sheex has brought this year...(11/19/2014)

Report: Nike Doubles Headquarters-Expansion Plans
Nike is planning to doubling the size of the headquarters-expansion project originally set two years ago, according to The Oregonian. Revised plans call for the building of two office buildings and two parking garages on the northeast side of its World Headquarters campus near Beaverton...(11/19/2014)

Modell's to Sponsor NYCFC
New York City Football Club (NYCFC) has announced Modell's Sporting Goods as their official sporting goods retail partner as they gear up for their inaugural Major League Soccer Season...(11/19/2014)



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