NASCAR Slot Making Las Vegas Debut Vincent Exploring IPO Of Cardiff City Hurricanes Posting Uniform Teaser Images Pens Putting New Video Board Outside Arena Foot Locker's Sales, Profit Up In Q1 Sports Pitches In For Tornado Relief Herb Vincent Leaving LSU For Role At SEC Soccer Gives Busch Stadium Record Crowd Twitter's Ad Platform Adds Partners Del Mar's '13 Season Approved
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APSL MAKES A RUCKUS IN ATLANTA
The American Professional Soccer League's Atlanta franchise has named itself the "Ruckus," and selected blue, black, and silver as its colors. Ruckus GM Mark Dillon: "We wanted a name we could own and a name that would not appear anywhere else in professional sports. We wanted a name that is unique." The team is planning a $300,000 ad campaign, and "team officials are making good on their promise to sign first-rate players." Dillon also announced an agreement with SportSouth to broadcasat Ruckus matches when play begins in May 1995. APSL Commissioner Richard Groff: "This team is the APSL's future. It's our future vision and our future model, and it will take us into a new and competitive era." The Ruckus is owned by Sam Chase, who also owns the Atlanta Magic of the U.S. International Soccer League (Doug Cress, ATLANTA CONSTITUTION, 11/18).
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BLOCKBUSTER OPENS VIRTUAL STORE FOR ADULTS
Blockbuster Entertainment announced it will open an indoor playground for adults next month in Albuquerque, NM called "Block Party." The "playground" will include electronic games, motion simulators, virtual realty and music videos, as well as food, beer and wine. Block Parties "could soon dot the land, if past experience is any guide." But Blockbuster will first test the concept in Albuquerque and Indianapolis before expanding nationwide. Bill Burns, president of Blockbuster's entertainment center said Block Party is different from the games arena at the Blockbuster Golf & Games park located in Ft. Lauderdale. The new playground "targets older kids" -- those between the ages of 18 and 45 (Don Finefrock, MIAMI HERALD, 11/18).
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CHEVROLET CORVETTE NAMED AS 1995 INDY 500 OFFICIAL PACE CAR
The Chevrolet Corvette has been named the Official Pace Car for the 79th running of the Indianapolis 500 next May. Chevrolet returns as the "500" pace car for a record 10th time, and it will be the third time for Corvette -- which previously paced in 1978 and 1986. Chevrolet VP Jim Perkins: "We build the Corvette as a performance car that can pace the world's most prestigious race right from the factory." The car will be a dark purple and Arctic white, two-tone convertible (Chevrolet).
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HEARD ON THE STREET: CORPORATE FINANCIAL NEWS
SPORTS AUTHORITY GOES PUBLIC: Kmart's Sports Authority goes public today with an IPO of 9.84M shares at $19/share (DOW JONES NEWS SERVICE/WASHINGTON POST, 11/18). WOOLWORTH REPORTS NET PROFITS: Woolworth, which owns Champs and Foot Locker, has "pulled itself out of six consecutive quarters of losses" by posting net profits of $37M during the third quarter of this year, according to Richard Tomkins in this morning's FINANCIAL TIMES. During the same period last year, the company posted losses of $350M, but the comparison is "flattered by several provisions and one-time charges that hit results in the third quarter of 1993." When factored in, the comparison to last year would show that "the combined operating profits of the company's general merchandise and specialty retailing divisions were little changed" (FINANCIAL TIMES, 11/18). RECORD POSTING FOR WAL-MART: Tomkins also reports that "store openings and a large increase in revenues" helped Wal- Mart increase net income by 13% to a record $588M in its third quarter to October from $519M for the same period last year (FINANCIAL TIMES, 11/18). MORE ON MILLER: The CHARLOTTE OBSERVER puts Miller Brewing's exclusive 10-year deal with the Carolina Panthers at an estimated $30M (CHARLOTTE OBSERVER, 11/18). -
LPGA, CHICK-FIL-A TEAM UP FOR FOSTER KIDS
The LPGA has announced that it will return to Atlanta in 1995 with Chick-fil-A as title sponsor of their Charity Championship -- to be held from April 17-23 and featuring a $500,000 purse. Chick-fil-A Chair Truett Cathy said tournament proceeds will benefit the WinShape Foster Care program, which provides student scholarships and foster care for over 70 children in seven homes. LPGA Commissioner Charles Mecham: "We are happy to be returning in partnership with Chick-fil-A, a hometown sponsor, to provide Atlanta with the very best in women's golf, while benefiting a worthy cause." A newly formed non-profit, Metro South Golf Charities, Inc., will produce the event. Chick-fil-A is one of the largest privately held restaurant chains and the third-largest fast-food chicken chain, with nearly 600 restaurants in 32 states and Canada (Chick-fil- A).
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SEASON'S GREETINGS FROM THE NATION'S CONSUMERS
Roughly three out of four Americans plan to spend at least as much this holiday season as they did last year, according to a nationwide consumer survey released today by Arthur Andersen, LLP. Jay Scansaroli, managing partner for Arthur Andersen's worldwide retail practice: "We've seen job growth, low inflation, and rising disposable incomes in 1994. And, although consumer debt has grown during the year, it has not seemed to put a damper on the holiday spending spirit." OTHER SURVEY FINDINGS: 78% of the 1,050 consumers surveyed plan to pay for holiday gifts mostly by cash or check -- only 22% plan to use mostly credit; apparel is likely to be the strongest sales category, with consumers planning to spend 35% of their holiday budget on clothing; toys represent the second strongest category, drawing 22% of consumer budgets; and electronic items came in third with 13% of consumer budgets. WHERE TO SHOP?: Nationwide, consumers plan to do 44% of their holiday spending at department stores; 22% at discounters; and 10% at specialty stores (Arthur Andersen).




