UNDER ARMOUR news and archive

Under Armour updates FY18 outlook, sets five-year targets

Under Armour has initiated a new five-year plan around two strategic priorities: protect and perform. Reviewing the company's expected performance against its long-term growth strategy, Under Armour expects gross margin to increase approximately 275 to 300 basis points reaching at least 48 percent in 2023, annual operating margin is expected to...

Fashion

Dwayne Johnson pays tribute to veterans with Under Armour collection

Wrestler turned actor Dwayne Johnson is honoring members of the military by helping to create a new line for Under Armour. The collection, which coincides with the Veterans Day holiday, is part of his Project Rock athletic brand and features T-shirts, hoodies and sweatpants – all in shades of army colors. The pieces feature a graphic of the star...

Fashion

Under Armour admits to misconduct after newspaper report

Under Armour is no longer allowing employees to use corporate expenses to fund visits to strip clubs. In the age of the #MeToo movement, it shouldn’t be surprising that a public company would refuse to pay for its staff’s visits to strip clubs. However, it is surprising that this policy was only recently banned. In an article published by Wall...

Report

Under Armour Q3 revenues up 2 percent

American maker of athletic footwear, apparel and accessories Under Armour said on Tuesday its Q3 revenue for 2018 rose by 2 percent or 3 percent currency neutral to 1.4 billion US Dollars. Net income for the quarter increased to 75 million US Dollars or 0.17 US Dollar per share. Adjusted net income for the quarter was 112 million US Dollars or...

Report

Under Armour appoints two new senior executives

Under Armour, Inc. has announced two new additions to its senior management team with the appointments of Alessandro de Pestel as Chief Marketing Officer and Ann Funai as Senior Vice President, Engineering. Based at the company's global headquarters in Baltimore and as a member of the company's executive team and a direct report to President and...

Report

Under Armour to cut 3 percent of its global workforce

Updating its outlook for 2018, Under Armour, Inc. has said that it has identified approximately 10 million dollars of cash severance charges related to an approximate 3 percent reduction in its global workforce. Accordingly, it now expects approximately 200 million dollars to 220 million dollars of pre-tax restructuring and related charges to be...

Report

Under Armour appoints Bloomberg columnist to its board of directors

Bloomberg columnist Mohamed El-Erian is the newest member of Under Armour’s board of directors, the sportswear brand announced this Monday. El-Erian, who is also a contributing editor to the Financial Times, currently serves as Chief Economic Advisor at Allianz, the parent company of investment management firm PIMCO, where he held the role of...

Fashion

Under Armour and Dwayne “The Rock” Johnson top ranking of best endorsement deals

It was a good call for Sportswear brand Under Armour to hire actor Dwayne “the Rock” Johnson as the face of the brand, according to research company Spotter. The pairing scored the first place on Spotter’s annual list of best-matched celebrity endorsements. Tommy Hilfiger’s campaign with Canadian fashion model Winnie Harlow, best known for her...

Management

Under Armour Q2 revenues increase 8 percent

Under Armour, Inc. revenues for second quarter ended June 30, 2018 increased 8 percent or 7 percent currency neutral to 1.2 billion dollars. Net loss for the quarter, the company said, was 96 million dollars, and excluding the impact of the restructuring plan, adjusted net loss was 34 million dollars, while diluted loss per share was 0.21 dollar...

NewsFeatured

Nike most trusted apparel brand among Millennials and Generation Z

Millennials find it hard to trust companies, according to several recent studies. One of the most recent reports about this age group, published by global consultancy firm Deloitte, revealed that a staggering 67 percent of Millennials believe most companies have no ambitions beyond wanting to make money. But that doesn’t mean they can’t be loyal...

Report

Under Armour appoints new executives for Asia Pacific, Latin America and EMEA

US apparel company Under Armour Inc has announced three executive management appointments. Jason Archer is the company’s new managing director for Asia Pacific, while Manuel Ovalle has been appointed managing director for Latin America. Finally, Massimo Baratto was offered the same role for Europe, Middle East & Africa. "Today's actions support...

Fashion Featured

Under Armour and Misty Copeland launch the Misty Copeland Signature Collection

After a four year partnership with Under Armour, American Ballet Theatre's principle ballerina Misty Copeland and the brand have launched the Misty Copeland Signature Collection. The collection is of course rooted in performance aspects, with dance especially in mind. Copeland's goal with the collection was to create a line that embodied both...