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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...

Adidas Sees Record Soccer Sales in World Cup Year 2014
Adidas expects to achieve new record sales of €2 billion in the football category in 2014, the company announced today at a football media day in Herzogenaurach. As the Official Sponsor, Supplier and Licensee of the 2014 FIFA World Cup, Adidas will again supply the Official Ball of the tournament and equip officials, referees, volunteers and ball kids... (6/18/2013)

Gildan Activewear to Acquire New Buffalo Shirt Factory
Gildan Activewear Inc. has signed a definitive agreement to acquire substantially all of the assets of New Buffalo Shirt Factory Inc. (New Buffalo) and its operating affiliate in Honduras, for approximately U.S. $7 million. The closing of the transaction is expected to take place imminently... (6/18/2013)

MIPS AB Appoints CEO and Sales Chief to Take Helmet Technology to Market
MIPS AB appointed two key executives to take its patented helmet technology to market with helmet makers serving the Motorcycle, Equestrian, Snow/ski, Bicycle and American Football markets. Johan Thiel was named CEO and Sven Sandahl senior EVP of sales and marketing...(6/18/2013)

Prince Sports To Open Wimbledon Store
Prince Sports announced the opening of its inaugural brand store in Wimbledon...(6/18/2013)

Retail Sales Improve in May
May retail sales (excluding automobiles, gas stations and restaurants) increased 0.6 percent seasonally adjusted from April and increased a strong 4.8 percent unadjusted year-over-year, according to the U.S. Department of Commerce... (6/13/2013)

Worth Sports Names New Director of Brand Management
Worth Sports, which is part of Jarden Team Sports, has promoted Mark Kraemer to director, Worth Brand Management. In 2012, Worth Sports celebrated the company’s 100th anniversary and has since launched a new brand image for future softball players...(6/13/2013)

Intersport Expects Sales to be Flat in 2013
Intersport International Corp. GmbH, the world’s largest sporting goods retailer, increased its retail sales by 3 percent to €10.2 billion ($13 bn) Euro in 2012. The Switzerland-based retailer said it expects comparable sales in 2013..(6/12/2013)

Nike+ Accelerator Program Holds First Demo Day
Nike, Inc. on Tuesday hosted the first of two demo days for its Nike+ Accelerator program powered by TechStars. In front of an audience of more than 700 – including angel investors, venture capitalists, influential industry leaders and Nike executives – the 10 startup companies pitched their products and business plans developed during the immersive, three-month program...(6/12/2013)



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