Sporting Goods Industry News for July 22, 2014
Six months after receiving a $200 million investment by the Blackstone Group and after six weeks with an interim CEO in former Reebok exec Andrew Rees, Crocs is making major changes to its business and strategic direction.
Growth in U.S. outdoor sales for the five fiscal weeks of June represented an acceleration of the low-single-digit comp sales trend through May, according to OIA VantagePoint data.
Weekly U.S. chain store sales rose 2.8% for the week ended July 19, according to the Intl. Council of Shopping Centers/Goldman Sachs Weekly Chain Store Sales Index.
Columbus, OH-based Made in the USA Brand, LLC, which charged $250 to $2,000 for one-year licenses to use the certification mark on products, has agreed to settle Federal Trade Commission charges that it deceived consumers by allowing companies to use the seal without independently verifying that those companies’ products were made in the United States.