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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...

Scheels Pledges $1MM for the Minnesota State University Moorhead
Scheels All Sports has pledged a million dollars to Minnesota State University-Moorhead in exchange for the naming rights of its football field. The pledge comes as part of a fundraising challenge tied to the inauguration of MSUM Pres. Anne Blackhurst...(8/29/2014)

NRF Taps New VP Retail Programs
The National Retail Federation (NRF) has hired Mary Heitman as VP of retail programs...(8/29/2014)

FIFA and US Soccer Organizations Sued Over Concussion Policies
A class action complaint on behalf of current and former soccer players has been filed against the FIFA, the sport's international governing body, along with other U.S.-based soccer associations, for the alleged failure to adopt effective policies to evaluate and manage concussions...(8/28/2014)

Genesco Cuts FY Guidance on Weak Q2
Citing weakness at its Lids Sports Group, Genesco Inc. reported earnings on an adjusted basis fell 39.4 percent in the second quarter. It also sharply reduced its EPS guidance for the year due to continued erosion at Lids for the balance of the year. Comps in the second quarter increased 2 percent with a 5 percent increase in the Journeys Group offsetting a 2 percent decrease in the Lids Sports Group...(8/28/2014)

Arctic Ice Selects Social Media Marketing Agency
Arctic Ice announced their selection of WikWorks, a social media marketing company specializing in the outdoor sporting goods market...(8/28/2014)

Port of Long Beach Resumes Normal Operations as Storm Surge Lessens
The Port of Long Beach resumed full cargo-handling operations Thursday, Aug. 28, after a lessening of storm surges from Hurricane Marie that had battered south-facing piers and interrupted the loading and unloading of four vessels a day earlier...(8/28/2014)

BRG Sports Sells Easton Hockey to Chartwell Investments
BRG Sports, Inc., formerly Easton-Bell Sports, announced that Chartwell Investments, a New York-based private investment firm, has partnered with senior hockey management to acquire its Easton Hockey business. Terms of the transaction were not disclosed...(8/27/2014)

ILWU and PMA Reach Tentative Agreement on Health Benefits
The International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) announced late Tuesday that they have reached a tentative agreement on terms for health benefits, subject to agreement on the other issues in the negotiations... (8/27/2014)



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