Outdoor Research

Decathlon’s Debt Ratings Affirmed By S&P Despite COVID-19 Impact

Decathlon’s Debt Ratings Affirmed By S&P Despite COVID-19 Impact

S&P Global Ratings said it expects Decathlon's sales, earnings, and cash generation "will decline sharply" over 2020 versus 2019 governments' COVID-19 lockdown measures that closed the majority of its stores. But the rating agency affirmed its  'A-2' short-term rating on Decathlon as it expects French sporting goods chain's strong record of 10 to 15 percent annual growth to resume in 2022. (Read More)

Burton U.S. Open Canceled

Burton U.S. Open Canceled

Burton Snowboards announced that due to ongoing uncertainties around COVID-19, the company has made the difficult decision to cancel the 2021 Burton U.S. Open Snowboarding Championships, which was slated to take place March 1 to 6, 2021 at Vail Mountain Resort in Vail, CO. (Read More)

Big 5 Posts Q1 Loss, Sees May Sales Recovering

Big 5 Posts Q1 Loss, Sees May Sales Recovering

Big 5 Sporting Goods Corp. reported a loss in the first quarter ended March 30 that came in line with projections provided in late February and said April's comps tumbled 39 percent due to store closures tied to the pandemic. However, May's sales and merchandising margins are seeing an uptick as stores reopen. (Read More)

Loading

Pin It on Pinterest

Share This