SGB Update

Reebok Partners With Macy’s

Macy’s reported it expanded its partnership with Reebok to include a broader selection of activewear and lifestyle products, including exclusive merchandise, extended sizes and collections available only at Macy’s.

Stio To Open Mountain Studio In Bozeman

Stio reported it will open a tenth Mountain Studio in Bozeman, MT this fall. This follows the company opening an East Coast Studio in Boston and its first in South Lake Tahoe, scheduled to open on March 24.

Rocky Mountain Acquires BikeAction GmbH

Rocky Mountain acquired BikeAction GmbH a bike distributor headquartered in Germany. The acquisition, built on a 30-plus-year partnership, vertically integrates the Canadian manufacturer into the European market and supports riders in BikeAction’s Northern European region.

OrthoLite And Novamont Create Circular Foam Material Solution For Use In Footwear

OrthoLite, the manufacturer of sustainable, performance and comfort insoles and footwear materials solutions, and Novamont, responsible for developing, producing, and eco-design of biodegradable and compostable bioplastics and biochemicals, entered into an exclusive partnership to create the OrthoLite Cirql, a circular foam material solution for footwear. 

Giant Bicycles Sees Inventory Affecting Short-Term Results After Solid 2022

Giant Group reported that 2022 consolidated revenues increased 12.5 percent to NT$92.04 billion. Due to the impact of rising material and labor costs as well as an increase in the OEM business, the overall group’s gross margin and operating profit performance were negatively affected.

Famous Footwear’s Q4 Margin Weakness Impacts Parent’s Profits

Caleres Inc. reported earnings on an adjusted basis declined 33 percent in the fourth quarter as margin declines at Famous Footwear offset improvement at its Brand Portfolio segment. Famous Footwear still managed a 0.7 percent comp gain in the quarter and Caleres’ overall inventories were down 2.8 percent year over year.

Castore Sponsors First National Soccer Team

Castore, the UK sportswear brand, signed a multi-year agreement to replace Umbro as the official kit supplier and retail partner of Ireland’s national soccer teams. The six-year deal runs until 2028 and is Castore’s first with a national soccer team.