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CNN Live At Daybreak
NFL Signs Online Sales Deal With Foot Locker
Aired December 01, 2003 - 06:46 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: Time for a little 'Business Buzz' right now. Are you looking for some NFL gear, maybe a Detroit Lions jersey?
Stacey Tisdale tells us where to shop online. She's live at the Nasdaq market site.
I'm excited, tell me.
STACEY TISDALE, CNN FINANCIAL NEWS CORRESPONDENT: I'm terribly excited, because I am a football fanatic, I must say. And I've got some good news for those of us who like to collect football paraphernalia. The NFL is extending an online deal with Foot Locker. Now it's expected to announce today that they are stretching an agreement for five years.
Now under Foot Locker's online arm, we're going to get direct consumer sales of hats, jerseys and other collectibles. And the NFL really expects this deal to produce a sales windfall. Annual sales, listen to this, projected to be $200 million by 2008.
Now let's stay with online sales for just a moment, because we got a good, not a great, kick off to the holiday shopping season, but online sales were up 36 percent on the day after Thanksgiving from the same period last year. However, overall retail sales up just 5 percent.
And, Carol, there's another thing I really want you to keep a watch on today, that's Disney stock. A long running battle came to a head. Vice Chairman Roy Disney resigned yesterday. The reason he resigned is he knew the board was going to ask him to. He is 73. Guidelines call for him to step down at 72.
Now the big news item here is he made a blistering criticism of Chairman and CEO Michael Eisner, saying that Eisner should step down as well.
So a lot is going to be going on on Wall Street today, and we will definitely keep you posted.
Now let's go back over to Carol in Atlanta.
COSTELLO: Yes, because Disney stock already down in Germany, we hear. And by the way, that video you saw of the Redskins in New Orleans, the Redskins lost.
Stacey Tisdale, many thanks. TISDALE: Neither one of my teams.
COSTELLO: What's your other team, the Redskins and the?
TISDALE: No, I'm actually a New York fan, so I'm having a really bad year. So we'll move on.
COSTELLO: I feel -- yes, I understand. Thank you, Stacey, we appreciate it.
TISDALE: All right. Thanks -- Carol.
COSTELLO: The Lions, by the way, did beat the Green Bay Packers on Thanksgiving.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Aired December 1, 2003 - 06:46 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: Time for a little 'Business Buzz' right now. Are you looking for some NFL gear, maybe a Detroit Lions jersey?
Stacey Tisdale tells us where to shop online. She's live at the Nasdaq market site.
I'm excited, tell me.
STACEY TISDALE, CNN FINANCIAL NEWS CORRESPONDENT: I'm terribly excited, because I am a football fanatic, I must say. And I've got some good news for those of us who like to collect football paraphernalia. The NFL is extending an online deal with Foot Locker. Now it's expected to announce today that they are stretching an agreement for five years.
Now under Foot Locker's online arm, we're going to get direct consumer sales of hats, jerseys and other collectibles. And the NFL really expects this deal to produce a sales windfall. Annual sales, listen to this, projected to be $200 million by 2008.
Now let's stay with online sales for just a moment, because we got a good, not a great, kick off to the holiday shopping season, but online sales were up 36 percent on the day after Thanksgiving from the same period last year. However, overall retail sales up just 5 percent.
And, Carol, there's another thing I really want you to keep a watch on today, that's Disney stock. A long running battle came to a head. Vice Chairman Roy Disney resigned yesterday. The reason he resigned is he knew the board was going to ask him to. He is 73. Guidelines call for him to step down at 72.
Now the big news item here is he made a blistering criticism of Chairman and CEO Michael Eisner, saying that Eisner should step down as well.
So a lot is going to be going on on Wall Street today, and we will definitely keep you posted.
Now let's go back over to Carol in Atlanta.
COSTELLO: Yes, because Disney stock already down in Germany, we hear. And by the way, that video you saw of the Redskins in New Orleans, the Redskins lost.
Stacey Tisdale, many thanks. TISDALE: Neither one of my teams.
COSTELLO: What's your other team, the Redskins and the?
TISDALE: No, I'm actually a New York fan, so I'm having a really bad year. So we'll move on.
COSTELLO: I feel -- yes, I understand. Thank you, Stacey, we appreciate it.
TISDALE: All right. Thanks -- Carol.
COSTELLO: The Lions, by the way, did beat the Green Bay Packers on Thanksgiving.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
