November 11, 2020 Bike Makers’ Sales Jump on Pandemic Demand
Following last week’s strong Q3 report from Cannondale and Schwinn owner Dorel Industries, bike makers Giant and Accell also turned in double-digit sales growth on soaring bicycle demand spurred by consumers’ frustrations with Covid-19 lockdowns. Ratings Agencies Signal Downgrade on VF Debt After Supreme Deal
Moody’s and S&P are placing the company’s debt on credit watch, citing the elevated leverage it will have for several years as a result of the $2.1 billion not including earnout potential acquisition of streetwear brand Supreme. Outdoor Recreation Contributed $459.8 Billion to GDP Last Year
A new Bureau of Economic Analysis report found that the outdoor recreation economy accounted for 2.1% of GDP in 2019 and also represented $788 billion in consumer spending. Etcetera: Dick’s, Black Diamond, Ecco, Bridgestone Golf
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