SGB Update

New Balance Wins Infringement Lawsuit In China

New Balance won $1.5 million in damages and legal costs after a Chinese court ruled that three Chinese manufacturers infringed on the Boston-based company’s signature slanting “N” logo, according to The New York Times.

Outdoor Participation Rate Reaches 48.8 Percent

The Outdoor Foundation’s newly-released Outdoor Recreation Participation Report covering 114 different outdoor activities found two million more people participated in the outdoors in 2016 versus 2015. Twenty-one percent of outdoor enthusiasts participated in outdoor activities at least twice per week and the South Atlantic was the most active region.

Orangetheory Fitness Opens New Boca Raton Headquarters

Originally based in Fort Lauderdale, the company’s relocation was fueled by its growth and success, achieving a 108 percent increase in system-wide sales and a 19.3 percent increase in same-store sales in 2016 alone.

Macy’s Appoints New President

Macy’s Inc. announced several changes intended to improve the company’s performance, including the hiring of Hal Lawton as president, the creation of a single simplified merchandising organization and an enhanced focus on the company’s data analytics capabilities.