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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...

Asics Opens Times Square Store
Asics America has opened the doors on its newest retail store in the heart of Times Square. Located on 42nd Street between 6th and 7th Avenue, the Times Square location, with more than 4,000 square feet, is the second Asics storefront in New York City as well as the largest in the United States. One of the most intriguing elements of the store is the newly renovated "Subway car 8394," a retired MTA Subway car...(12/19/2014)

Nike's Q2 Sales Jump 15 Percent
Nike, Inc. reported earnings rose 22.7 percent in the second quarter ended Nov. 30, to $655 million, or 74 cents a share, exceeding Wall Street's consensus estimate of 70 cents. Revenues grew 14.8 percent to $7.38 billion. Nike Brand revenues were up 17 percent on a currency-neutral basis, with growth in every product type, geography and key category, except golf...(12/18/2014)

Carol M. White Physical Education Program Grants (PEP) Funded for 2015
Pioneered by the Sports & Fitness Industry Association (SFIA), the Carol M. White Physical Education Program (PEP), a legislative priority for SFIA over the years, received $47 million in funding for fiscal year 2015. PEP grants are multi-year grants for PE equipment purchases and teacher training tied to innovative physical education methods...(12/18/2014)

NRF: Holidays Shoppers Get Ahead with Early Deals
For millions of Americans the rush to find the perfect gift started early this year, and according to the National Retail Federation’s latest Holiday Consumer Spending Survey conducted by Prosper Insights & Analytics, the average holiday shopper has completed 52.9 percent of their shopping as of December 10, up from 49.9 percent last year... (12/17/2014)

Puma Names Rihanna its Global Ambassador
Puma and pop star Rihanna will kick off a new multi-year partnership in January 2015 which calls for the pop music start to serve as Puma's global ambassador for Women's Training and serve as the Puma women's creative director...(12/16/2014)

Private Equity Firms Close on Purchase of Varsity Brands
Charlesbank Capital Partners and Partners Group closed Monday, Dec. 15 on their acquisition of Varsity Brands...(12/16/2014)

Under Armour Expected to Sign Andy Murray
Under Armour is set to sign Andy Murray, the British tennis star, to an endorsement deal, according to reports in the U.K. press...(12/16/2014)

Adidas Displaces Nike as Arizona State University Licensee
Adidas will replace Nike as the official athletic footwear, apparel and accessory brand for the Arizona State University Sun Devils in an eight-year deal valued at $33.8 million...(12/16/2014)



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