SGB Update

Mastercard Economics Institute Forecasts Strongest Holiday Season in Four Years

The Institute expects U.S. retail sales, excluding automobiles and gas, to increase 5.5 percent year-over-year between November 1 and December 24, marking the strongest holiday growth since 2022. The gains reflect a solid economic backdrop but also reflects a boost from higher prices and inflation.

Kontoor Brands Adds Two Board Members

Kontoor Brands Inc. appointed Jamie Caulfield, former PepsiCo, Inc. chief financial officer, and Michael Skipworth, president and CEO of Wingstop Inc., to its Board of Directors, effective immediately. Additionally, the company announced an increase in the size of the Board from seven to nine directors.

Phoenix Footwear Group to Shutter Operations

The parent of the Trotters and Softwalk women’s comfort footwear brands, is set to cease operations over the next 60 days. The company posted a loss of $4.1 million in 2025 as sales declined 28 percent.

Golf Cart and Bag Maker Big Max Extends Sales Rep Coverage

Big Max USA appointed three sales reps to cover California, New England and Ohio in the U.S. as the Austria-based push cart and golf bag and manufacturer expands its U.S. retail presence and nationwide sales network.

NSSF General Counsel Lawrence Keane Named to Conservation and Access Council

The Hunting and Shooting Sports Conservation and Access Council will provide the U.S. Secretary of the Interior and the U.S. Secretary of Agriculture with advice regarding the establishment and implementation of existing and proposed policies and authorities with regard to wildlife and habitat conservation and will also examine ways to benefit wildlife resources.

Under Armour Opens New Hybrid Store Concept In Montana

Under Armour opened its first store in Montana in Bozeman. The store, called Bozeman Sports House, introduces a new store format that brings together full-price products and value options under one roof.

Birkenstock Opens Store in Malibu

Birkenstock Americas announced the opening of its new retail store in Malibu, CA, marking the 24th Birkenstock-owned retail location in the U.S.

Dick’s Proposed $1 Billion Senior Notes Offering Assigned ‘BBB’ Rating

S&P Global Ratings assigned a BBB issue-level rating to Dick’s Sporting Goods Inc.’s proposed $1 billion senior unsecured notes. The rating agency expects Dick’s will use the proceeds for general corporate purposes, including potential share repurchases, with any remaining funds retained as balance-sheet cash.