Latest Developments Under Armour – Page 4
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Under Armour opens new EMEA office
While covering other sports categories, Under Armour has chosen to focus on training and running to build up its brand image in Europe, said Massimo Baratto, senior vice president in charge of Europe, Middle East and Asia (EMEA), during the official opening of a brand-new headquarters in Amsterdam early last ...
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A new design chief for Under Armour
The shoe designer Dave Dombrow has made his second exit from Under Armour in three years. The Baltimore-based company has confirmed the departure but made no further comment. However, it has since hired Kasey Jarvis to replace Dombrow as of April. For the past months, Jarvis has been director of ...
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Better-than-expected results for Under Armour
Boosted by strong international sales and a vast restructuring plan undertaken in 2017 after a series of weak results, Under Armour is turning around, posting results for the fourth quarter that topped its own guidance.The company identified cutbacks and investments that raised restructuring and related charges to $183 million throughout ...
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Under Armour’s transformation plan starts bearing fruit
Under Armour's restructuring measures have helped the group post better results for the third quarter, including a slightly higher gross margin and a significant sales rise in markets outside the U.S.The company has identified further cutbacks and investments, which should raise restructuring and related charges to between $200 million and ...
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Under Armour continues staff rejig
Under Armour has reinforced its management team with two appointments, but it has earmarked an enlarged budget for an estimated 400 extra layoffs this year.Under Armour already announced a round of 277 staff cuts last year to shift its resources to more productive areas, such as international expansion and online ...
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Vulcabras recovers in women’s shoes, works with Under Armour
Vulcabras Azaleia, which derives most of its revenues from the affordable Olympikus brand of sports shoes, has announced the start of negotiations for the acquisition of Under Armour's five-year-old Brazilian sales subsidiary. Under a joint licensing and operating agreement, Vulcabras will become the exclusive distributor and licensee of the American ...
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Under Armour progresses with a clean-up
Under Armour returned to growth in North America and managed an ample sales rise in international markets in the second quarter, but its profitability was impacted by restructuring measures. The company has identified additional cutbacks and investments worth about $80 million, which should raise restructuring and related charges to between ...
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Under Armour appoints regional managers
Under Armour has restructured its international management to appoint three regional directors and expand its head office for Asia-Pacific in Hong Kong, as part of the group's plans to drive its international sales.The changes widen the remit of Massimo Baratto, the former chief executive of the Oberalp Group, who joined ...
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Under Armour posts mixed results
Lifted by its growth abroad, Under Armour posted a sales increase of 6 percent to about $1,200 million for the first quarter, up by 4 percent in constant currencies. The increase was entirely driven by international markets, which grew by 27 percent - or by 19 percent in constant currencies ...
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Maurath quits Under Armour
Charlie Maurath, who has built up Under Armour's international business in the last five years, is to retire from his function as chief revenue officer from the end of March.Kevin Plank, the company's chief executive, acknowledged in a statement that Maurath played a pivotal role in establishing Under Armour as ...
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Under Armour continues to restructure
Under Armour has launched extra restructuring measures, after a year that was marked by much-reduced sales expansion and the re-alignment of the company's management and cost structure.Its performance somewhat improved in the last quarter, as sales increased by 4.6 percent to $1,365.4 billion, a rise of 4 percent in constant ...
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Under Armour starts delayed expansion in Ukraine’s depressed market
Under Armour announced the opening of the brand's first stores in Ukraine at the end of December. They are both located in Kiev and operated by Under Armour's exclusive distributor in the country, the MD Fashion group.MD Fashion is one of the biggest multi-brand distributors in the Ukrainian fashion market, ...
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Massimo Baratto moves from Oberalp to Under Armour
Massimo Baratto, the 55-year-old Italian brand-building expert who is running Oberalp, is going to leave the South Tirolean company at the end of April to run the European operations of Under Armour, the big American sports brand, replacing the incumbent vice president and European managing director, Chris Bates. He and ...
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North America pulls Under Armour down
Revising its targets for the year downward, Under Armour announced a 5 percent overall sales decrease to $1,405 million and a drop of 9.1 percentage points to 4.4. percent in the operating margin for the third quarter. Sales increased at double-digit rates in every region except in North America, where ...
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Under Armour may drop some categories
Under Armour is considering pulling out of product categories that have remained relatively marginal for the brand such as tennis, outdoor and fishing, according to The Wall Street Journal. The planned pullout from the tennis sector would be in contrast with the brand's sponsorship of Andy Murray, the third-ranked male ...
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Under Armour opens more stores in Europe
Under Armour has opened its first store in Russia, in the Metropolis Shopping Center in Moscow. The company, which has its own Russian sales office, says it eyes a major expansion in the country through the opening of other stores and factory outlets and an online-store in the near future.We ...
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Under Armour restructures
Under Armour is preparing to cut about 2 percent of its workforce as part of a restructuring plan that is meant to align its resources to market developments, and particularly the brand's sluggishness in North America.The move is strongly reminiscent of the cutbacks launched a few weeks ago by the ...
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International fuels Under Armour’s sales
Under Armour unveiled its latest restructuring plans as it reported a sales rise of 8.7 percent to $1,088.2 billion for the second quarter, up by 8 percent in constant currencies. The increase was entirely driven by international markets. Sales in North America were nearly flat, up 0.3 percent to $829.8 ...
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Frisk takes charge of Under Armour’s operations
Under Armour has appointed Patrik Frisk as its president and chief operating officer, starting this week, as part of a broader executive reshuffle to streamline the group's management, aimed at optimizing its product assortment and at reinforcing its sales and marketing strategies.Thus, Frisk is making a comeback to the sporting ...
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Under Armour grows by more than 50% abroad
As expected, Under Armour reported its first loss since going public, although it was lower than what analysts had expected. It amounted to $2,272,000 for the period compared with a net profit of $19,180,000 in the same quarter a year ago. The gross margin fell by 0.7 percentage points to ...
