News Briefs – Page 3
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News briefsUnder Armour and Volumental hope to improve shoe satisfaction
Under Armour is to beta-test a self-service version of the 3D foot scanners from Volumental in dedicated in-store, co-branded spaces. Designed for a shopper-led experience, the service will allow customers to take their own measurements and pinpoint the best-fitting model for their feet. A global rollout is planned for 2023 ...
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News briefsFila reorganizes global design and creative teams
Following the global 5-year strategic plan ”Winning together” released in February this year, Fila Holdings Corp. is reorganizing key global teams, announcing a change in marketing and design leadership to strengthen the company’s organizational capabilities. The global design team is led by Torsten Hochstetter, and the new Futura innovation team ...
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News briefsFirst Under Armour store in southern Italy
Oberalp, the exclusive distributor of Under Armour in Italy, has opened an Under Armour store in Catania, Sicily, the first of the American brand in southern Italy. The new 120-square-meter store is located inside the Centro Sicilia shopping mall. The recent opening brings the number of Under Armour stores operated ...
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News briefsVulcabras continues gains from footwear portfolio
Vulcabras’ recurring net income rose 36 percent to 99.9 million Brazilian reais (€19.6m) from BRL 73.6 million for the period ended Sept. 30. Ebitda declined 4.8 percent to R$132.2 million (€25.9m) from R$138.9 million, as the gross margin improved to 37.7 percent from 36.1 percent. Net revenues were 24 percent ...
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News briefsGo Sport opens new Paris store “La Salle de Sport”
Less than one year after the acquisition of Go Sport by Hermione People & Brands for one symbolic Euro from Rallye, the company has opened its first new store in Paris. The new, 1,700-square-meter ‘La Salle de Sport’ (the gym) retail concept at Boulevard de la Madeleine in the heart ...
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News briefsUnder Armour and Steph Curry about to sign a lifetime contract
According to Forbes and other media outlets (referring to a report from Rolling Stone), NBA star Stephen Curry and Under Armour (UA) are finalizing a near-lifetime contract worth “potentially more than $1 billion.” After political dissonances with UA founder Kevin Plank who praised the then-president Donald Trump in 2018, rumors ...
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News briefsUnder Armour settles lawsuit with UCLA for $67.5 million
Under Armour has agreed to pay UCLA $67,491,275 to settle a lawsuit filed by the school two years ago. In June 2020, Under Armour tried to terminate a 15-year, $280 million sponsorship deal signed in 2016, claiming that UCLA had not provided the “marketing benefits” the two parties had initially ...
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News briefsVulcabras’ sales, profits soar in Q2
Vulcabras’ net income rose by 207 percent to 95.0 million Brazilian reais (€18.1m) from R$30.9 million for the period ended June 30. Operating earnings (Ebit) increased 73 percent to R$236.2 million (€45.1m). Ebitda was 30 percent higher at R$133.4 million (€25.5m) as the year-on-year gross margin percentage improved to 36.0 ...
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News briefsUA revamps retail in Spain, opens brand store
Under Armour (UA) has opened its first own store in Spain, according to CMDsport. Located at the Westfield La Maquinista mall in Barcelona, the store covers 450 square meters and sells men’s and women’s apparel, shoes and accessories for fitness, running, basketball and other sports. The brand has been operating ...
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News briefsUnder Armour to be dropped from S&P 500 Index
Under Armour will be moved from the S&P 500 Index to the S&P Midcap 400 Index, effective June 21, according to a statement from S&P Dow Jones, after the company struggled with disappointing quarterly results in recent weeks. The U.S. sportswear brand had been included in the S&P 500 since ...
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News briefs
Under Armour denies collaboration with Aldi in Spain
Under Armour has denied any collaboration with the Spanish stores of the discount supermarket chain Aldi on the distribution of a capsule collection, Modaes.es has reported. The information about the eight-piece collection, also mentioned last week in SGI Europe, had been supported by multiple sources. The sportswear company told Modaes.es ...
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News briefs
Under Armour capsule collection available at Aldi Spain
The discount supermarket chain Aldi will be selling a capsule collection from the U.S. sportswear brand Under Armour in its Spanish stores. The collection comprises eight products, including both apparel and footwear, with prices ranging from €14.99 to €34.99. The products will be available at all the chain’s physical stores ...
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News briefsSports Direct opens new 5.500-sqm store in Birmingham
Covering four floors on one of Birmingham’s main shopping streets, the new Sports Direct flagship store uses roughly 5.500 square meters of retail space. The chain, part of the Frasers Group, has closed its older two-floor store in Birmingham on April 10, while a second Birmingham store is said to ...
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News briefsUnder Armour extends partnership with Jordan Spieth until 2029
Under Armour has extended its 10-year endorsement deal with Jordan Spieth through December 2029. The contract was set to run until 2025. The sports apparel maker announced the four-year extension on the heels of Spieth’s victory at the RBC Heritage in Hilton Head, South Carolina on April 17. It was ...
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News briefs
Under Armour appoints Indian distributor and plans e-commerce
Under Armour is moving from its current wholly-owned subsidiary to a distribution model in India, with plans to launch e-commerce operations and double-digit new brick-and-mortar store openings in the country by the end of 2022. Under Armour entered the market in 2019 and is now handing over the reins to ...
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News briefsItochu acquires stake in Under Armour’s exclusive Japanese distributor
Tokyo-based Itochu Corporation, one of Japan’s largest trading corporations, announced on April 5 that it has agreed to acquire a majority of the outstanding shares of Dome Corporation, also based in Tokyo and Under Armour’s exclusive Japanese distributor. Dome will be managed in the future by Itochu and Under Armour, ...
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News briefsUnder Armour announces $500 million share repurchase program
Under Armour’s board of directors has authorized the repurchase of up to $500 million of the company’s Class C common stock, effective immediately. Repurchases under this program may be made over the next two years through various methods, including open market transactions, privately negotiated or accelerated share repurchases. The timing, ...
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News briefs
UA seeks to help youths engage in sport
Under Armour is making a “new, long-term commitment” to help more youths take part in sport. The company will be focusing on three areas: Pathways: Increasing opportunities for young people to engage in organized, structured, and competitive sports programming. People: Bringing together coaches, organizations, and community stakeholders to help ...
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News briefs
UA releases its first NFTs
Like Nike and Adidas before it, Under Armour is embracing non-fungible tokens (NFTs). The American sportswear company has released 2,974 of them, each a digital replica of the Genesis Curry Flow shoe that Steph Curry was wearing on Dec. 14, when he broke the NBA’s record for total three-point shots. ...
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News briefs
Under Armour in talks with a new Russian franchisee
Under Armour confirms a report that it is in negotiations with a new potential franchise partner to develop its Brand House retail format in Russia. The first stores may be opened in Russian shopping centers in the autumn of 2022, according to local sources. The new franchisee would take over ...
