SGB Update

Dick’s SG Receives Baa3 Rating On New Debt Issue

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.

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.

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.

Crocs Raises 2021 Sales Outlook

Crocs Inc. announced it expects record 2021 revenues with approximately 67 percent growth compared to 2020 up from its previous outlook for 62 percent growth. For 2022, revenue growth for the Crocs brand, excluding HEYDUDE, is projected to exceed 20 percent.