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Amer Sports’ Debt Ratings Downgraded

Moody’s assumes Amer Sports’ revenue in 2020 will decline over 20 percent year-on-year due to the worldwide spread of the coronavirus outbreak, particularly across Europe and North America. The ratings agency cited Amer’s products are “highly discretionary” and current restrictions on many traveling and sports activities.

Lululemon To Close All North American, European Stores

Lululemon on Sunday provided an update on its global store operations in response to the continued spread of the coronavirus. The company said it will close all stores in North America and Europe from Monday, March 16, through Friday, March 27.

IHRSA: Health Club Membership Reaches 64.2M Americans

More than one out of five Americans belonged to a health club or studio in 2019, totaling 64.2 million consumers ages 6 and older, according to the 2019 IHRSA Health Club Consumer Report. The latest data shows a fifth consecutive year of growth in membership.