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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 Swings to Q2 Loss on Restructuring Charges at Wilson
Amer Sports, which owns the Salomon, Wilson, Arc'teryx, Mavix and Suunto brands, announced the next phase of its restructuring would focus on its Ball Sports segment after reporting charges at its Wilson brand caused it to swing to a loss on higher revenue in the second quarter. Amer Sports' Winter and Outdoor segment's revenues rose 3.6 percent to €174.8 million ($235.4 mm) and grew 7 percent on a currency-neutral basis...(7/24/2014)

Jarden Outdoor Profits Grow Six Times Faster Than Sales in Q2
Jarden Corp reported net profits at its Outdoor Solutions segment grew 12.8 percent in the second quarter or more than six times faster than sales, which were up 1.9 percent from a year earlier. The segment includes results from Coleman, K2, Marmot, Penn, Rawlings and 22 other camping, fishing, snowsports, outdoor and athletic brands...(7/24/2014)

Under Armour's Q2 Revenues Jump 34 Percent
Under Armour, Inc. reported revenues increased 34 percent in the second quarter of 2014 to $610 million led by a 35 percent gain in apparel and 34 percent hike in footwear revenues. Net income in the second quarter of 2014 of $18 million was unchanged compared with the prior year's period, largely reflecting the planned timing of marketing and innovation expenses. The company again raised its guidance for the year...(7/24/2014)

Modell’s Sponsors Broadcast of 200th episode of SHOBOX
Modell’s Sporting Goods will serve as a sponsor of the landmark quadrupleheader of world-class professional boxing to celebrate the 200th episode of “SHOBOX: The New Generation,” this Friday, July 25, at the Turning Stone Resort Casino in Upstate New York...(7/24/2014)

Russell Celebrates Little League's 75th Anniversary
Russell Athletic and Little League announced new uniform combinations for the 2014 Little League Baseball World Series, created and designed specifically to celebrate the 75th Anniversary of Little League. The announcement of the new uniforms continues a long-standing relationship between Russell Athletic and Little League Baseball and Softball that dates back more than 30 years...(7/24/2014)

Spalding Sponsors Beach Volleyball Tour
Spalding, a trademark of Russell Brands, LLC, will again be associated with the King of the Beach (KOB) Volleyball tour...(7/24/2014)

Academy Sports To Open Third Baton Rouge Area Store
Academy Sports + Outdoors will open a store in Denham Springs, LA, just outside of Baton Rouge. Academy also announced the renewal of its multi-year partnerships with the New Orleans Saints and LSU Tigers...(7/24/2014)

Unifi Reports Highest Profits in a Decade
Unifi, Inc. reported net income for the fiscal year ended June 30 reached its highest level in 10 years and said it will plow more money into Repreve, a brand of polyester yarns made with recycled material that is in high demand among many athletic and outdoor apparel brands...(7/23/2014)



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