CNBC Wednesday, 28 Jan 2009
By: Darren Rovell
This year, Sales of Wade's shoes are off about 50 percent compared to sales last year, according to Matt Powell of SportsOneSource, a sports market retail tracking firm.
Converse and Wade got off to a great start. Although he was drafted fifth overall in the 2003 NBA Draft, the shoe companies, including Nike -- which now owns Converse -- and Adidas skipped over him. His $400,000 a year deal was a paltry sum compared to what LeBron James ($13 million per year) and Carmelo Anthony ($3 million per year) made from Nike.
http://www.cnbc.com/id/28894812
Friday, January 30, 2009
Not so fast Under Armour, you're being sued by the Chicago Cubs
BloggingStocks.com
Jan 26th 2009 5:00PM by Mark Fightmaster
You see, the Cubs are suing Under Armour, Inc. (NYSE: UA) for breach of contract (check out SportsOneSource Media for the heads up). The UA logo is emblazoned on the left-center and right-center field doors embedded in the iconic ivy walls of Wrigley Field.
The two entered into a $10.8 million contract two years ago, but the Cubs have filed a complaint in U.S. District Court in Chicago alleging that UA told them on December 12 that it won't sponsor the team for the upcoming season and that it won't meet any obligations. The Cubs expect full payment of the contract, and note that UA reneged on the agreement after realizing its dire financial situation in December. UA contends that the new Cubs management terminated the agreement after the second season, and a new deal was never agreed upon.
http://www.bloggingstocks.com/2009/01/26/not-so-fast-under-armour-youre-being-sued-by-the-chicago-cubs/
Jan 26th 2009 5:00PM by Mark Fightmaster
You see, the Cubs are suing Under Armour, Inc. (NYSE: UA) for breach of contract (check out SportsOneSource Media for the heads up). The UA logo is emblazoned on the left-center and right-center field doors embedded in the iconic ivy walls of Wrigley Field.
The two entered into a $10.8 million contract two years ago, but the Cubs have filed a complaint in U.S. District Court in Chicago alleging that UA told them on December 12 that it won't sponsor the team for the upcoming season and that it won't meet any obligations. The Cubs expect full payment of the contract, and note that UA reneged on the agreement after realizing its dire financial situation in December. UA contends that the new Cubs management terminated the agreement after the second season, and a new deal was never agreed upon.
http://www.bloggingstocks.com/2009/01/26/not-so-fast-under-armour-youre-being-sued-by-the-chicago-cubs/
Marketplace Roundup - SportsBusiness Daily (subscription)
SportsBusiness Daily (subscription), NC - Jan 21, 2009
BUNGLING SALES: SportsOneSource analyst Matt Powell estimated that sales of Bengals merchandise have dropped 40% from $108M in FY ’07 to $64M in this ...
http://www.sportsbusinessdaily.com/index.cfm?fuseaction=sbd.preview&articleID=127104
BUNGLING SALES: SportsOneSource analyst Matt Powell estimated that sales of Bengals merchandise have dropped 40% from $108M in FY ’07 to $64M in this ...
http://www.sportsbusinessdaily.com/index.cfm?fuseaction=sbd.preview&articleID=127104
Tuesday, January 20, 2009
Like Carson Palmer, Bengals gear sat out most of ’08 seasonMerchandise sales fell 40%
Business Courier of Cincinnati - by Steve Watkins Staff Reporter
The Cincinnati Bengals’ losing season wasn’t just confined to the field. Merchandise sales suffered with the team.
Sales of Bengals merchandise have fallen by about 40 percent this fiscal year, according to estimates from Matt Powell, analyst with Charlotte, N.C.-based SportsOneSource, which tracks sporting goods sales at retail outlets across the country.
The Bengals’ share of NFL merchandise sales fell from 3 percent last year to 2 percent this year through the week of Christmas, Powell said. His firm uses a fiscal year ending in January, as most retailers do. The pie shrank, too. Powell estimates the entire market for NFL gear fell 13 percent, from $3.6 billion last year to $3.2 billion this year.
So by his figures, Bengals merchandise sales nationwide dropped from about $108 million in fiscal 2007 to $64 million this fiscal year.
http://cincinnati.bizjournals.com/cincinnati/stories/2009/01/19/story6.html?b=1232341200%5E1762878
The Cincinnati Bengals’ losing season wasn’t just confined to the field. Merchandise sales suffered with the team.
Sales of Bengals merchandise have fallen by about 40 percent this fiscal year, according to estimates from Matt Powell, analyst with Charlotte, N.C.-based SportsOneSource, which tracks sporting goods sales at retail outlets across the country.
The Bengals’ share of NFL merchandise sales fell from 3 percent last year to 2 percent this year through the week of Christmas, Powell said. His firm uses a fiscal year ending in January, as most retailers do. The pie shrank, too. Powell estimates the entire market for NFL gear fell 13 percent, from $3.6 billion last year to $3.2 billion this year.
So by his figures, Bengals merchandise sales nationwide dropped from about $108 million in fiscal 2007 to $64 million this fiscal year.
http://cincinnati.bizjournals.com/cincinnati/stories/2009/01/19/story6.html?b=1232341200%5E1762878
Monday, January 19, 2009
Steve & Barry’s Founders Accused of Fraud
Wednesday, December 31, 2009
Transworld Business
A lawsuit has been filed against Steven Shore and Barry Prevor, the eponymous founders of Steve & Barry’s, the retailer that carried Laird Hamilton’s Wonderwall clothing line, charging that the defaulting duo misallocated $1 million that Manhattan landlord Jeff Sutton paid them to install escalators and elevators in their store at Brooklyn’s Fulton Street Mall.According to SportsOneSource Media’s:Sutton claims that the company collected $122 million from landlords but only spent $59 million on building new stores. The balance of the money, he claims, was inappropriately used for operating expenses.Sutton claims he forked over this cash, just 47 days before the chain filed for bankruptcy protection last July, because he relied on “false and misleading financial statements that overstated Steve & Barry’s equity and assets.”
Sutton alleges the incident reflects a larger pattern of using tenant-improvement payments to prop up a failing business.
“Defendants engaged in a widespread scheme to use false financial information to induce landlords to make up-front tenant-improvement payments that defendants never intended to, and did not, use for store construction and improvements,” Sutton claims in his lawsuit.
The New York Post also noted that lawyers for the creditors’ committee are investigating the inventory-accounting methods the company used, which auditing firm BDO Seidman signed off on. Court papers show the probe also focuses on a $320 million private-equity deal in 2006 in which Prevor and Shore pocketed $152 million in exchange for shares in the retailer, and whether the transaction left the company insolvent.Steve & Barry’s originally filed for bankruptcy protection in July and was sold in August for $168 million to investment firms Bay Harbour and Management and York Capital Management. The bargain retailer filed for bankruptcy protection again in November with a plan to liquidate its remaining 173 stores by early 2009.
http://business.transworld.net/2008/12/31/steve-barrys-founders-accused-of-fraud/
The Revolutionary Kobe Zoom Cut Shoe
Thursday, 11 Dec 2008
Posted By: Darren Rovell
Because four of every five people buying basketball shoes aren't wearing them to pull up and hit a jumpshot. Let me say that again using harder numbers. According to analyst Matt Powell of SportsOneSource, fashion basketball is a $2 billion business, while performance basketball is a $500 million business.
It's also the reality that as more of the business has shifted to fashion, more of the fashion business has shifted away from high tops and into lower cut sneakers (think the euro look). It was only a matter of time before Nike had to make a shoe that would look good with jeans and at the same time feature it on the court. That's what this shoe is.
Nike, by the way, owns 98 percent of that fashion basketball space, according to SportsOneSource. The Jordan brand owns an astounding 87 percent, Nike is at 10 percent and Converse is at 1 percent. Bryant will begin wearing the shoe Dec. 19 against the Miami Heat.
http://www.cnbc.com/id/28180818
Reprinted in Women's Wear Daily 12/15/2009
http://www.wwd.com/footwear-news/running-races-ahead-1893616?gnewsid=80cfcd924165887825fc4dab6a6c0d67
Posted By: Darren Rovell
Because four of every five people buying basketball shoes aren't wearing them to pull up and hit a jumpshot. Let me say that again using harder numbers. According to analyst Matt Powell of SportsOneSource, fashion basketball is a $2 billion business, while performance basketball is a $500 million business.
It's also the reality that as more of the business has shifted to fashion, more of the fashion business has shifted away from high tops and into lower cut sneakers (think the euro look). It was only a matter of time before Nike had to make a shoe that would look good with jeans and at the same time feature it on the court. That's what this shoe is.
Nike, by the way, owns 98 percent of that fashion basketball space, according to SportsOneSource. The Jordan brand owns an astounding 87 percent, Nike is at 10 percent and Converse is at 1 percent. Bryant will begin wearing the shoe Dec. 19 against the Miami Heat.
http://www.cnbc.com/id/28180818
Reprinted in Women's Wear Daily 12/15/2009
http://www.wwd.com/footwear-news/running-races-ahead-1893616?gnewsid=80cfcd924165887825fc4dab6a6c0d67
Joe Cool’s jersey wins fans’ hearts, wallets this season
Friday, December 26, 2008
Baltimore Business Journal -
by Ryan Sharrow Staff
And as the Ravens look to lock up a playoff berth Dec. 28, the team’s share of apparel and other licensed products sales across the NFL is climbing, said Matt Powell, a retail analyst at SportsOneSource. The Ravens had a 2.7 percent share of NFL sales during the week of Dec. 6., compared with a 1.8 percent share the same week one year ago, Powell said. The Ravens finished last season with a 5-11 record.
“When the team starts to get on a run and the fan base starts to believe there’s a chance they’ll make the playoffs, this always happens,” Powell said. “If they were to go all the way to the Super Bowl this would be a huge run for them.”
http://baltimore.bizjournals.com/baltimore/stories/2008/12/29/story3.html?b=1230526800%5E1753042
Baltimore Business Journal -
by Ryan Sharrow Staff
And as the Ravens look to lock up a playoff berth Dec. 28, the team’s share of apparel and other licensed products sales across the NFL is climbing, said Matt Powell, a retail analyst at SportsOneSource. The Ravens had a 2.7 percent share of NFL sales during the week of Dec. 6., compared with a 1.8 percent share the same week one year ago, Powell said. The Ravens finished last season with a 5-11 record.
“When the team starts to get on a run and the fan base starts to believe there’s a chance they’ll make the playoffs, this always happens,” Powell said. “If they were to go all the way to the Super Bowl this would be a huge run for them.”
http://baltimore.bizjournals.com/baltimore/stories/2008/12/29/story3.html?b=1230526800%5E1753042
Women's Pro Soccer League Scores Deal With Puma
As Top Tier of Sports Fights to Keep Sponsors, Athletic-Wear Maker Agrees to Become Upstart's Official Gear Supplier
By MATTHEW FUTTERMAN
Matt Powell, chief analyst with SportsOneSource, a Charlotte, N.C., research firm, says Puma has made great strides in girls' soccer recently. The company's share of the $15 million U.S. women's soccer-shoe market has grown to 9% from 1% in a year.
"If you are trying to connect with the female athlete and female enthusiast and there is a pro league for women, then this is an appropriate place to be," Mr. Powell says.
http://online.wsj.com/article/SB122929794349705189.html?mod=googlenews_wsj
By MATTHEW FUTTERMAN
Matt Powell, chief analyst with SportsOneSource, a Charlotte, N.C., research firm, says Puma has made great strides in girls' soccer recently. The company's share of the $15 million U.S. women's soccer-shoe market has grown to 9% from 1% in a year.
"If you are trying to connect with the female athlete and female enthusiast and there is a pro league for women, then this is an appropriate place to be," Mr. Powell says.
http://online.wsj.com/article/SB122929794349705189.html?mod=googlenews_wsj
Business: Head N.V. group staff restructure
Wednesday, 07 January 2009
According to SportsOneSource Media, ski maker Head N.V. Group plans to make big staff changes at its Annual General Meeting in May 2009. The company will propose that shareholders elect Gunter Hagspiel as CFO. Hagspiel has worked for Head for 12 years and has held a numerous positions within the group in Austria and the U.S. Ralf Bernhart will continue as the company's CFO until the May meeting, when he will become Deputy Chairman of the Management Board.
http://www.skiracing.com/index.php?option=com_content&task=view&id=7019&Itemid=2
According to SportsOneSource Media, ski maker Head N.V. Group plans to make big staff changes at its Annual General Meeting in May 2009. The company will propose that shareholders elect Gunter Hagspiel as CFO. Hagspiel has worked for Head for 12 years and has held a numerous positions within the group in Austria and the U.S. Ralf Bernhart will continue as the company's CFO until the May meeting, when he will become Deputy Chairman of the Management Board.
http://www.skiracing.com/index.php?option=com_content&task=view&id=7019&Itemid=2
Win or lose, Steelers game's worth $20 million to area
Buzz up!By Kim Leonard, TRIBUNE-REVIEW
Thursday, January 15, 2009
Steelers merchandise sales are running third in the National Football League -- behind the Dallas Cowboys and New York Giants -- with an 8.3 percent share of the projected $3 billion in revenue this season, analyst Matt Powell with SportsOneSource said. Still, the number is up slightly from early fall, probably due to the team's late-season success, he said.
http://www.pittsburghlive.com/x/pittsburghtrib/sports/steelers/s_607247.html
Thursday, January 15, 2009
Steelers merchandise sales are running third in the National Football League -- behind the Dallas Cowboys and New York Giants -- with an 8.3 percent share of the projected $3 billion in revenue this season, analyst Matt Powell with SportsOneSource said. Still, the number is up slightly from early fall, probably due to the team's late-season success, he said.
http://www.pittsburghlive.com/x/pittsburghtrib/sports/steelers/s_607247.html
Reebok will cut 300 workers; Portland is spared -- for now
Belt-tightening - Parent company Adidas made other adjustments in 2008
Thursday, January 15, 2009
LAURA OPPENHEIMER
The Oregonian Staff
...
Between 2005 and 2008, Nike's share of the U.S. athletic footwear market grew from 31.5 percent to 35.5 percent, according to SportsOneSource. Reebok and Adidas fell from a combined 18 percent in 2005 to 9 percent in 2008 -- a figure that company representatives decline to address until they present their business outlook in March.
Matt Powell, an analyst with SportScanInfo, says he'd advise Adidas to stray from purist sport shoes and develop high-fashion lifestyle gear for young consumers. "The kid today is really looking for cool and fun," he says.
http://www.oregonlive.com/business/oregonian/index.ssf?/base/business/123199172257020.xml&coll=7
Thursday, January 15, 2009
LAURA OPPENHEIMER
The Oregonian Staff
...
Between 2005 and 2008, Nike's share of the U.S. athletic footwear market grew from 31.5 percent to 35.5 percent, according to SportsOneSource. Reebok and Adidas fell from a combined 18 percent in 2005 to 9 percent in 2008 -- a figure that company representatives decline to address until they present their business outlook in March.
Matt Powell, an analyst with SportScanInfo, says he'd advise Adidas to stray from purist sport shoes and develop high-fashion lifestyle gear for young consumers. "The kid today is really looking for cool and fun," he says.
http://www.oregonlive.com/business/oregonian/index.ssf?/base/business/123199172257020.xml&coll=7
Eagles are NFL's dream team (1/17/2009)
Saturday, January 17, 2009
By Teresa F. Lindeman, Pittsburgh Post-Gazette
The best-case scenario for the National Football League plays out like this: Pittsburgh Steelers meet Philadelphia Eagles in the Super Bowl and -- wait for it -- the Eagles win.
That unemotional assessment comes from Matt Powell, an analyst with SportsOneSource, a company that tracks the sporting goods industry and sales of NFL licensed merchandise. He crunches numbers, factoring in the impact of things such as each team's sales history, time since the last Super Bowl win and so on.
http://www.post-gazette.com/pg/09017/942534-28.stm
By Teresa F. Lindeman, Pittsburgh Post-Gazette
The best-case scenario for the National Football League plays out like this: Pittsburgh Steelers meet Philadelphia Eagles in the Super Bowl and -- wait for it -- the Eagles win.
That unemotional assessment comes from Matt Powell, an analyst with SportsOneSource, a company that tracks the sporting goods industry and sales of NFL licensed merchandise. He crunches numbers, factoring in the impact of things such as each team's sales history, time since the last Super Bowl win and so on.
http://www.post-gazette.com/pg/09017/942534-28.stm
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