Subpar Golf Hurts Results at Dick’s Sporting Goods

May 22, 2014

For Dick’s Sporting Goods, DKS +0.93% the golf business is subpar.

The weather has improved, but troubles including a drop in the number of golfers and rounds played are expected to persist through the year, putting pressure on retailers like Dick’s, for which the category accounts for roughly a fifth of sales.

Dick’s said it was surprised by a significant drop in golf sales during its first quarter and said results for its second quarter—the most important period for golf sales—have so far still been weak.

Read the rest of the article at the WallStreetJournal.com.

Try Tennis for Free Promotion

May 16, 2014

The tennis industry is coming together to offer a way to get into “the sport for a lifetime” for free. By visiting PlayTennis.com throughout the month of May, consumers can find tennis facilities and teaching professionals in their areas offering “Try Tennis for Free” events for beginners and returning tennis players.

The Try Tennis for Free promotion is for players of all ages. The free sessions offered can vary depending on the location, as each individual facility or certified professional has the option to choose the best introductory session or programs they feel will encourage new and returning players to step onto the court. Free offers can include lessons, clinics, Cardio Tennis, USTA Play Days for kids, and more. Consumers should visit PlayTennis.com to find a participating facility or teaching pro in their area.

Peppers Eyeware Now Sold at DICK’S SG and Field & Stream Stores

May 5, 2014

logo_main_10076_jpgPeppers Eyeware and DICK’S Sporting Goods have partnered to feature Peppers polarized sunglasses across the country at more than 580 DICK’S Sporting Goods stores and the two Field & Stream locations. Within the stores, Peppers Eyeware is the only polarized sunglass retailer in the mid-tier $30-$60 price range.

To view a selection of Peppers Eyeware products, visit www.PeppersUSA.com.

Nike’s World Cup Soccer Shoe Fits Like a Sock

May 1, 2014

If you’ve ever kicked a soccer ball barefoot, you probably noticed a couple of things. First of all, it kind of hurts. But more importantly, you get some incredible control over the ball. As entertaining as it would be to watch professional soccer players run around on the field barefoot, that’s probably never going to happen. Nike has gotten one step closer to an athlete’s natural state with the Magista, its newest soccer boot.

Developed for the world cup, the Magista is a totally new form of boot. Nike designers spent the last four years developing the shoe, which looks like half sock, half traditional soccer shoe. It’s a strange-looking piece of footwear, but this odd form has a purpose.

Read the rest of the article at Wired.com.

Nike fires majority of FuelBand team

April 22, 2014

The sportswear company has decided that only software has a future in Nike’s technology vision. That means cutting the FuelBand, including a slimmer version planned for the fall.

Nike is gearing up to shutter its wearable-hardware efforts, and the sportswear company this week fired the majority of the team responsible for the development of its FuelBand fitness tracker, a person familiar with the matter told CNET.

“As a fast-paced, global business we continually align resources with business priorities,” Nike spokesman Brian Strong said in an email. “As our Digital Sport priorities evolve, we expect to make changes within the team, and there will be a small number of layoffs. We do not comment on individual employment matters.”

The company informed members of the 70-person hardware team — part of its larger, technology-focused Digital Sport division comprised of about 200 people — of the job cuts Thursday. About 30 employees reside at Nike’s Hong Kong offices, with the remainder of the team at Nike’s Beaverton, Ore., headquarters.

Read the rest of the story at CNet.com.

Cristiano Ronaldo Limited Edition Nike Cleats

April 19, 2014

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Heidi Burgett from Nike (‏@heidiburgett) tweeted:

@Cristiano will wear this Mercurial Vapor IX CR7 Special Edition on April 16. 100 pairs will be sold. pic.twitter.com/awxeey49zn

On April 8th the cleats went on sale for $310.00. The new gold Cristiano Ronaldo 2014 Boot was sold out on Nike.com after less than one minute.

Running Room to Open in Mall of America

April 16, 2014

Running Room will open a location at the Mall of America in Bloomington, MN in May, which will be the 12th store for the company in the US. In total, the chain operates 114 retail locations across Canada and the U.S.runningroom2

The Top 10 Most Valuable Sports Teams

April 7, 2014

Here are the current top 10 Most Valuable Sports Teams according to Forbes:

#1 Manchester United
Value: $2.23 billion
Owner: Glazer family

#2 Real Madrid
Value: $1.88 billion
Owner: Club members

#3 New York Yankees
Value: $1.85 billion
Owner: Steinbrenner family

#3 Dallas Cowboys
Value: $1.85 billion
Owner: Jerry Jones

#6 Los Angeles Dodgers
Value: $1.4 billion
Owner: Guggenheim Baseball

#6 New England Patriots
Value: $1.4 billion
Owner: Robert Kraft

#8 Barcelona
Value: $1.31 billion
Owner: Club members

#9 New York Giants
Value: $1.3 billion
Owners: John Mara, Steven Tisch

#10 Arsenal
Value: $1.29 billion
Owner: Stan Kroenke

#11 Bayern Munich
Value: $1.23 billion
Owner: Club members

In 2010, there were five soccer, three baseball and two football teams in the top 10. Here was the top 10 in 2010:

1. New York Yankees – $328 million
2. Manchester United – $285 million
3. Real Madrid – $240 million
4. Dallas Cowboys – $208 million
5. Barcelona – $180 million
6. Bayern Munich – $178 million
7. Arsenal – $176 million
8. Boston Red Sox – $163 million
9. New York Mets – $158 million
10. New England Patriots – $156 million

As you can see, teams have added 5 to 15 times more value in four years!

The Top 10 Most Valuable Sports Brands

April 5, 2014

Here is the current list of the top 10 sports brands according to Forbes:

1. Nike
Brand Value 2013: $17.3 billion
Brand Value 2012: $15.9 billion
- Nike is the global leader with almost 20% of athletic footwear market, and its stock price has outperformed the Dow Jones U.S. Footwear index by 50% during the past five years.

2. ESPN
Brand Value 2013: $15.0 billio
Brand Value 2012: $11.5 billion
- ESPN will collect more than $6 billion in cable fees in 2013 and commands the highest monthly subscriber fee ($5.50) of any network on basic cable.

3. Adidas
Brand Value 2013: $7.1 billion
Brand Value 2012: $6.8 billion
- At the 2012 London Summer Olympics, Adidas kitted over 5,000 athletes, and 30% of the medals captured were by athletes wearing the brand.

4. Sky Sports
Brand Value 2013: $4.1 billion
Brand Value 2012: $4.0 billion
- In 2012, there were over nine million viewers for Sky Sports F1 channel’s inaugural season, and 90% of Sky’s sports rights are secured through 2015.

5. Under Armour
Brand Value 2013: $3.7 billion
Brand Value 2012: $3.5 billion
- Under Armour’s footwear revenue (12% of total revenue) is expected to more than double this year to $290 million, from $127 million in 2010.

6. Reebok
Brand Value 2013: $1.1 billion
Brand Value 2012: $1.2 billion
- Reebok has been creating a potentially powerful niche by adding sponsorship deals with tough fitness groups and events like CrossFit and Spartan Race in an attempt to revive its brand.

7. YES
Brand Value 2013: $625 million
Brand Value 2012: $600 million
- The most-watched regional sports network in the U.S. was valued at $3.8 billion in 2012 when News Corp. bought a partial stake in the highly profitable RSN.

8. NESN
Brand Value 2013: $510 million
Brand Value 2012: $500 million
- NESN commands third-highest monthly subscriber fee ($3.56) of any RSN and telecasts of Boston Red Sox games averaged the fifth-highest rating (7.3) in baseball in 2013.

9. MLBAM
Brand Value 2013: $480 million
Brand Value 2012: $420 million
- MLBAM is worth roughly $6 billion and is equally owned by MLB’s 30 teams, adding about $200 million in value to every franchise.

10. MSG
Brand Value 2013: $300 million
Brand Value 2012: $210 million
- MSG’s New York Rangers telecasts averaged a 1.65 rating for the 2012-13 regular season, up 67% versus 2011-12, and second only to 1994-95.

Lole Partners with Gazelle Sports to Open 2nd U.S. Store

April 4, 2014

EAST GRAND RAPIDS, MI — Usually, big cities like New York, Chicago and Los Angeles get the trendy retailers before the Grand Rapids market does.

But that isn’t the case with Lole. The Canadian lifestyle and activewear brand decided to locate its second U.S. store in East Grand Rapids’ Gaslight Village.

The store, which will carry the company’s four apparel lines, opened last week.

The women’s activewear store occupies space at 2213 Wealthy St. SE that previously housed Smooch Beauty Boutique until it closed in May.

Lole, which stands for Live Out Loud Everyday, is known for long-lasting, versatile clothing that can be worn beyond yoga sessions and other workouts.

Check out the rest of this article at MLive.com.