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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...

Sof Sole Donates $50,000 To Kay Yow/WBCA Cancer Fund
The Kay Yow/WBCA Cancer Fund, in partnership with The V Foundation for Cancer Research, announced that Sof Sole, an Implus Footcare brand family, has joined the fight against women's cancers by becoming an official sponsor...(3/11/2010)

Rosenthal to Succeed Newsome as Hibbett's CEO
Hibbett Sports' long-time Chairman and CEO Mickey Newsome will give up the CEO's job and be replaced by the chain's Chief Operating Officer Jeffry O. Rosenthal. Newsome will become executive chairman. Both moves are effective March 15, 2010...(3/10/2010)

SGMA's Get America Moving Coalition Rallies in the Capital
A delegation of physical activity proponents met Wednesday with members of the U.S. Congress in Washington, D.C. to talk about what can be done to Get America Moving. Celebrities at the event organized by SGMA included The celebrities participating in National Health Through Fitness Day included 1982 Heisman Trophy winner Herschel Walker, retired NFL All-Pro wide receiver Tim Brown, sportscaster Bonnie Bernstein, and U.S. Olympic softball gold medalists Michele Smith and Jennie Finch...(3/10/2010)

Reebok Aiding Sidney Crosby's Olympic Theft
Reebok is helping Sidney Crosby, the Canadian hockey Olympic star relocate his stolen hockey gear. Crosby, who scored the winning goal in overtime to defeat the US 3-2 this February in Vancouver, wants his gold-medal winning stick and glove back. Reebok Canada is offering a $10,000 award - no questions asked - for the return of Crosby's items...(3/10/2010)

Reebok Plans Marketing Campaign Around ZigTech
Reebok is planning a major marketing campaign including TV, print and online advertising around the launch of its ZigTech running and training shoe. ZigTech debuts at major retailers including Sport Chek, Foot Locker and Sports Experts on March 11...(3/10/2010)

Igloo Products Corp. Aids in Haiti Relief Effort
Igloo Products Corp. has partnered with Dialysis at Sea Cruises to provide help and support to Haiti during their earthquake relief effort. Igloo Corp. donated several 120-quart coolers that will aid in the delivery and storage of heat-sensitive medical supplies being shipped to the devastated country...(3/10/2010)

Dick's SG Posts Modest Q4 Earnings Rise on 2.5% Comp Gain
Dick's Sporting Goods, Inc. reported an 8.3% gain in fourth-quarter earnings. Sales increased by 10.7% to $1.3 billion due primarily to a 2.5% increase in comparable store sales, the opening of new stores and the addition of e-commerce sales. The 2.5% consolidated same store sales increase consisted of a 2.4% increase in Dick's Sporting Goods stores and a 5.9% increase in Golf Galaxy stores. For the first quarter, it expects...(3/9/2010)

Foot Locker Launches 5-Year Growth Plan, Looks to Increase Focus on Run and Apparel
Foot Locker Inc. announced a series to strategies to reach a goal of annual sales of $6 billion and net income margin of 5% over the next five years. At an analyst meeting, Ken C. Hicks, its new chairman and CEO, said the new strategy includes a increased emphasis on running and toning footwear, as well as on apparel...(3/9/2010)



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