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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...

Retail Container Traffic to be Up 25% in First Half
Import cargo volume at the nation's major retail container ports will be a full 25% higher during the first half of 2010 compared with the same period a year ago, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates...(2/8/2010)

Rawlings Promotes Two to Vice President Posts
Rawlings has promoted two key members of its sales staff to vice president posts within the company. Greg Bialis has been appointed VP of Teams Sales, while Robb McPhail has been named VP of Retail Sales, both appointments will be effective immediately.(2/8/2010)

Asics Corp Posts 11% Sales Decrease in Fiscal Q3, but U.S. Business Up
Asics Corporation posted an 11.0% decrease in revenues for the fiscal third quarter ended December 31. Total consolidated worldwide revenues were �164.3 billion ($1.83 bn), compared to �184.6 billion ($1.90 bn) in the year-ago quarter. Operating profits fell 27.6% to �13.5 billion ($151 mm) for the fiscal third quarter, while net income declined 42.1% to �5.63 billion ($63 mm) versus the prior-year quarter. The news was a bit better in the U.S... (2/7/2010)

Amer Sports Q4 Sales Down 3% as Ball Sports Segment Weakens
Amer Sports Corporation said net sales for the fourth quarter fell 3% to €482.8 million ($713.1mm), due largely to a 14% decline in sales of ball sports. Winter and outdoor sales rose 1% to €392.2 million ($579.3mm), while fitness sales were flat at €58.9 million ($87mm), including the effect of currency translation. The Finnish company, which owns the Salomon, Wilson, Preco, Atomic, Suunto, Mavic and Artc'Teryx brands, said it does not see a quick recovery...(2/4/2010)

Mizuno Drafts Charlotte-based BooneOakley Agency
After a three-month review, Mizuno USA, Inc., has named BooneOakley, Charlotte, NC, as advertising agency of record. Initial work, breaking in Fall 2010, will combine traditional and especially online media in an effort to attract sports enthusiasts who may be new to the Mizuno brand...(2/4/2010)

Sport Chalet Collects Nearly 1MM Pairs of Shoes for Haiti Relief Effort
Soles4Souls, the shoe charity organization, said Sport Chalet has collected more than 950,000 pairs of shoes for Haiti Relief in two weeks since the program was launched. From January 14 through January 31, 2010, new and gently worn shoes were dropped off by the general public at all 55 Sport Chalet locations...(2/4/2010)

Adidas America Announces Restructuring
Adidas America Inc. on Wednesday said it laid off a small number of employees as part of a U.S. restructuring at its Portland headquarters but indicated that it still expects to see job growth in the U.S. this year...(2/3/2010)

Sport Supply Q2 Sales Increase 4.4%; Earnings Up Before Special Items
Sport Supply Group reported that sales increased 4.4% for its second fiscal quarter ended December 31, 2009 to $55.5 million from $53.1 million in the same year-ago period. Margins also increased 90 basis points to a 36.1% level, up from 35.2% a year ago.(2/3/2010)



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