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Crocs Plan Shifts Emphasis Back to Wholesale, E-Commerce Growth
Crocs, Inc. will kill SKUs, eliminate positions, close up to 100 stores and divest foreign subsidiaries as part of a new strategy that prioritizes profits over growth, the company announced Tuesday. Crocs also disclosed it will open a Global Commercial Center with 75 employees in the Boston area late this year that will house key merchandising, marketing and retail functions...(7/22/2014)
After Victory in the House, Fight for Fast Track Recalls Moves to Senate
The U.S. House voted 229 to 194 to approve an amendment that would stop the Consumer Products Safety Commission (CPSC) from essentially killing it highly popular and award winning Fast Track Program for voluntary product recalls...(7/20/2014)
Coastal.com Founder Reinvests Fortune in OnlineShoes.com
Roger Hardy, who built Coastal Contacts Inc. into the largest online eye care retailer in the United States before selling it for $430 million in April, is investing much of his fortune trying to repeat his success by selling footwear online...(7/19/2014)
Sports Direct Poised as European Juggernaut After Fiscal 2014 Growth
Sports Direct International plc reported comparable store sales grew 10.5 percent in the fiscal year ended April 27 on top of a 10.6 percent increase in the prior fiscal year, even without the benefit of the London Olympics, the European soccer championships or a strong performance by its national team at the FIFA World Cup 2014...(7/19/2014)
Bankrupt Tactical Holdings Seeks Quick Sale of Massif Mountain Gear and Military Footwear Businesses
Tactical Holdings Operations Inc. has filed a petition for a Chapter 11 bankruptcy and is seeking a quick sale of its businesses, including Massif Mountain Gear, which makes fire-resistant outdoor apparel for fire-rescue workers, the military and industrial markets. Tactical’s other holdings include Altama Delta Corp., Mo-Ka Shoe Corp. and Wellco Enterprises, which manufacture and market Berry Amendment-compliant footwear for the U.S. Army...(7/18/2014)
SFIA to Help Launch Sports Tech Marketplace at Consumer Electronics Show
In a partnership with the Sports & Fitness Industry Association (SFIA), the 2015 International CES - commonly known as the Consumer Electronics Show - will see the debut of the Sports Tech Marketplace, a showcase highlighting the latest in sports technology...
Active Ride Shop Finds New Investor to Help Expand
Active Ride Shop has received an undisclosed investment from Tengram Capital Partners with a plan to accelerate its expansion. As a part of Tengram’s investment, Rick Mina, a former Foot Locker executive, will join the action sports chain’s board and advise the Active management team on its growth strategies...
Adidas Reaches Agreement with Manchester United
Manchester United has reached a ten-year agreement with Adidas for a global technical sponsorship and dual branded licensing deal for a minimum guarantee of £750 million ($1.3 bn), beginning with the 2015/2016 campaign. For the 2014/2015 season, Nike will continue as licensee...