Moody’s Investors Service assigned a Baa3 senior unsecured rating to Dick’s Sporting Goods, Inc. proposed $1 billion unsecured notes. The proceeds will be used to repay the company’s $575 million convertible debt, add cash to the balance sheet and for general corporate purposes.
Category: Outdoor
Lululemon Lowers Q4 Outlook Due To Omicron
Lululemon Athletica, Inc. said it expects sales and earnings from the holiday quarter to come in near the low end of its previous forecasts amid renewed COVID-19 challenges.
SFIA Elects New Chairman
The Sports & Fitness Industry Association (SFIA) announced the election of Jonathan Ram, group president, Global Activewear, HanesBrands Inc., as chairman of the SFIA Board of Directors from 2022-2023.
Trek Bicycles Acquires Race Pace Bicycles
Maryland’s Race Pace Bicycles has been sold to Trek Bicycles, with the transition set to occur in March.
Retail Import Growth Levels Out But Volume Remains High
After a year of unprecedented increases, imports at the nation’s major retail container ports are expected to return to normal growth rates in 2022 but volumes will remain high, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Mastercard: Sales Grew 7 Percent In December
Retail sales excluding auto in December rose 6.9 percent compared to December 2020 and gained 8.1 percent against December 2019, according to Mastercard SpendingPulse.
Solo Brands Raises Full-Year 2021 Revenue And EBITDA Guidance
Solo Brands raised its full year 2021 revenue guidance to a range of $400 million to $402 million, well above the high-end of its previous guidance.
NICS Firearms Background Checks Fall Six Percent In December
The December 2021 NSSF-adjusted National Instant Criminal Background Check System (NICS) decreased 6.0 percent to 1.79 million from 1.91 million a year ago.
Lululemon Names New CEO Of Mirror
Lululemon Athletica, Inc. announced the appointment of Michael Aragon as CEO of Mirror and Lululemon Digital Fitness, effective January 17, 2022. He was the chief content officer at Twitch.
Dick’s SG Raises Full-Year Outlook
Dick’s Sporting Goods Inc. in a regulatory filing Thursday raised its guidance for the full year and provided fourth-quarter earnings guidance that was well above Wall Street’s consensus target.
Authentic Brands Group Withdraws IPO
Authentic Brands Group Inc., officially withdrew its plans for an initial public offering, according to a regulatory filing with the Securities & Exchange Commission. The cancellation of the IPO was expected given its move in November to sell significant equity stakes in the company to private equity firms CVC Capital Partners and HPS Investment Partners.
Helen of Troy Houseware’s Segment Sees 11 Percent Q3 Growth
Helen of Troy Limited reported sales in its Housewares segment, which includes Hydroflask and OXO, increased 10.7 percent in the third quarter ended November 30 to $246.1 million compared to $222.4 million a year ago.
Saris Appoints Senior Product Manager Of Bike Racks
Saris appointed Kevin Harris as senior product manager of bike racks. He previously worked at Thule.
2022 ICR Conference To Be Held Virtually
ICR announced that the 2022 ICR Conference will be held virtually due to the quicker than anticipated spread of the Omicron/Delta variants.
Outdoor Retailer Confirms January Show Still On, Masks Mandatory
In an open letter entitled “Looking forward to seeing you in Denver on January 26,” Outdoor Retailer show organizers said they have no current plans to cancel the Outdoor Retailer Snow Show 2022 amid a surge in COVID-19 outbreaks tied to the Omicron variant. Enhanced safety measures, including mandatory masks, are being implemented, said show organizers.
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