Home products retailer Williams-Sonoma will have to pay almost $3.2 million for violating a Federal Trade Commission “Made in USA” order. Williams-Sonoma was charged with advertising multiple products as being “Made in USA” when they were in fact manufactured in other countries, including China. The FTC said Friday that Williams-Sonoma has agreed to a settlement, which includes a $3.175 million civil penalty.
Among leading growth stocks, several home furnishing retailers have made quite a classy run since the October market bottom, soaring as much as 70%. Through Wednesday, the 16-member Retail-Home Furnishings industry group ranked sixth among 197 companies on IBD's industries list for six-month price performance. A pullback among key growth stocks in the group, however, has pinched the group's year-to-date return to nearly 4%.
Williams-Sonoma and Ethan Allen are part of the Zacks Industry Outlook article.