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Dick's Sporting Goods Partners With Under Armour
Under Armour Says Board Approved $75 Mln Increase To 2020 Restructuring Plan
Under Armour Says Revenue Could Be Down As Much As 20% To 25% In The Back Half Of The Year
Under Armour, Inc. is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company's segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness. Its products are sold across the world and worn by athletes at all levels, from youth to professional, on playing fields around the globe, as well as by consumers with active lifestyles. The Company sells its branded apparel, footwear and accessories in North America through its wholesale and direct to consumer channels. As of December 31, 2016, the Company had approximately 151 factory house stores in North America primarily located in outlet centers throughout the United States. In addition, the Company distributes its products in North America through third-party logistics providers with primary locations in Canada, New Jersey and Florida.
1020 Hull St Fl 3
Kevin A. Plank
Executive Chairman of the Board
President, Chief Executive Officer
David E. Bergman
Chief Financial Officer
Stephanie L. Pugliese
President, North America
Chief Operating Officer
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Sportswear maker Under Armour Inc <UAA.N> <UA.N> said on Tuesday it will lay off about 600 employees from its global workforce, citing the impact brought on by the coronavirus pandemic to its business.
Under Armour Inc <UAA.N> <UA.N> said it expects margins to be pressured for the rest of the year on the back of increased promotions, even as online demand helped the sportswear maker post a smaller-than-expected loss.
Sportswear maker Under Armour Inc beat analysts' estimates for quarterly revenue on Friday, as consumers shopped more online during the coronavirus lockdowns, sending its shares up about 8% in premarket trading.
Under Armour Inc disclosed on Monday that its top executives had received a Wells notice from the U.S. Securities and Exchange Commission related to an investigation about the sportswear maker's accounting practices.
* UNDER ARMOUR SEEKS BUYER FOR MYFITNESSPAL APP - THE INFORMATION Source text : [ID:https://bit.ly/3fdZnOY] Further company coverage:
Athletic apparel maker Under Armour <UAA.N> said on Saturday it will discontinue its partnership with UCLA - a 15-year, $280 million accord announced in 2016 that was billed as the largest apparel deal in the history of American collegiate sports.
Under Armour has informed University of California, Los Angeles (UCLA) that it wants to terminate a $280 million deal that it signed with the school in 2016, the Los Angeles Times reported https://www.latimes.com/sports/ucla/story/2020-06-27/under-amour-informs-ucla-it-wants-to-terminate-deal-with-school...
Under Armour Inc <UA.N> <UAA.N> forecast on Monday a 50% to 60% drop in second-quarter revenue as most of its stores remained closed because of the COVID-19 pandemic, sending the athletic apparel maker's shares down about 11%.
Athletic apparel maker Under Armour Inc on Monday reported a 22.8% fall in quarterly revenue, as several retailers across the world remained shut due to the COVID-19 pandemic.
* UNDER ARMOUR WILL CLOSE ALL STORES IN NORTH AMERICA FROM MARCH 16 THROUGH MARCH 28, 2020
Under Armour Inc <UA.N> <UAA.N> on Tuesday forecast a surprise drop in 2020 profit, blaming ongoing weakness in its North American business and the coronavirus outbreak in China, sending its shares tumbling as much as 16%.
Under Armour Inc on Tuesday forecast a surprise drop in 2020 profit, blaming ongoing weakness in its North American business and the coronavirus outbreak in China, sending its shares tumbling as much as 16%.
Under Armour Inc <UA.N> <UAA.N> on Monday cut its forecast for annual revenue for a second time this year, the latest sign of problems for the sportswear maker that is facing a federal probe into its accounting practices.
Under Armour Inc <UAA.N> is under investigation by U.S. federal law enforcement officials over whether the sportswear maker shifted sales from quarter to quarter to appear financially healthier, the Wall Street Journal reported on Sunday.
Under Armour Inc is being probed by U.S. federal law enforcement officials, examining whether the sportswear maker shifted sales from quarter to quarter to appear healthier, the Wall Street Journal reported on Sunday.
Under Armour Inc <UAA.N> founder Kevin Plank will hand the reins of the sportswear maker to operations head Patrik Frisk, hoping a change in leadership will help battle brutal competition from Nike and Adidas in the United States.
Under Armour Inc said on Tuesday long-time Chief Executive Officer Kevin Plank plans to step down from the role next year and be succeeded by Chief Operating Officer Patrik Frisk.
Sportswear maker Under Armour Inc <UA.N> <UAA.N> on Tuesday cut its full-year revenue forecast for North America as demand at its stores and online faced pressure from relentless competition from bigger rivals Nike and Adidas.
Under Armour Inc reported a 1% rise in quarterly revenue on Tuesday as higher demand for its footwear in international markets offset weak performance in the United States.
Leading U.S. footwear companies, including Nike Inc and Under Armour, on Monday urged the U.S. President Donald Trump to immediately remove footwear from the proposed tariffs list on goods imported from China.
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