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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...

Nike Brand Awareness Pushing 99% for Athletic Footwear Buyers
For those working in the sporting goods industry it might be a given, and even before the most recent Olympic Winter Games gave it yet more lift in the market place, the Nike brand was recognized by nearly 99% of all respondents to a recent survey conducted by The SportsOneSource Group as a component of its annual Brand Strength Report. The brand awareness responses in the survey, which was conducted in late 2009, are a key component in the firm's annual Brand Strength Report...(3/15/2010)

Sport Supply to Be Acquired by ONCAP
Sport Supply Group, Inc. has entered into a definitive merger agreement to be acquired by an affiliate of ONCAP Management Partners, L.P., the mid-market private equity business of Onex Corporation. Under the terms of the merger agreement, all of the outstanding shares of Sport Supply, other than those held by certain participating stockholders, will be acquired for $13.55 per share in cash...(3/15/2010)

Nike Again Dominates SportsOneSource Brand Brackets for 2010
With the field of 65 teams now set for the 2010 NCAA Division I Men’s Basketball Championship, Nike will once again be the brand seen the most by viewers of the event, as 77% of the teams (50 total) in the field will sport the Swoosh in some form, either as footwear, uniforms, or both. That percentage does not include the three teams who will be outfitted by the Jordan brand, a Nike subsidiary.(3/15/2010)

Antigua Announces New Asian Licensee/Distributor
The Antigua Group, Inc. has consummated a ten-year licensee-distributor agreement with MST Golf in Malaysia, Singapore and Vietnam... (3/15/2010)

Nike Files Lawsuit Against Counterfeit Websites
Nike Inc. has filed a lawsuit n U.S. District Court in Virginia seeking to gain control over 66 Internet domain names it claims are selling counterfeit goods. According to the Portland Business Journal, all the domain names are registered to entities in China...(3/15/2010)

OBIT: L.D. Agee
L.D. Agee, owner of Agee's Sporting Goods in Murfreesboro, TN, passed away at the age of 74...(3/15/2010)

Wilson and the NCAA Join Fight Against Cancer
In time for March Madness, Wilson Sporting Goods Co. and the NCAA launched the "Every Pass Counts: Ultimate Assist" program designed to make it easy for college hoop fans on Facebook to join in the fight against cancer... (3/15/2010)

Hibbett Q4 Profits Surge on 9.6% Comp Gain
Hibbett Sports, Inc. reported sales increased 12.1% in the fourth quarter ended Jan. 30, to $166.8 million from $147.9 million a year ago. Comparable store sales increased 9.6%. Earnings jumped 54.0% to $11.8 million, or 40 cents a share, from $7.6 million, or 26 cents, a year ago...(3/12/2010)



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