All Under Armour articles – Page 7
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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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C-Suite InterviewPatrik Frisk: The last interview before stepping down as Under Armour CEO
“The difficult thing about brands is – you’ve got to make choices”. Patrik Frisk explains what he learned on his journey as a decision-maker in the sporting goods industry.
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![20210916_UA_Frisk_Patrik_0105[2938]](https://d1f00kj7ad54bu.cloudfront.net/Pictures/100x67/0/1/9/16019_20210916_ua_frisk_patrik_01052938_863878_crop.jpg)
ArticleFrisk to step down from all positions at Under Armour
Nearing the completion of a multi-year, $525 to $550 million restructuring, and 10 days after disclosing that short-term challenges will impact its sales, profitability, and margins for much of 2022, Under Armour late on May 18 appointed Colin Browne as its interim president and CEO, effective June 1. On that ...
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ArticleUnder Armour tempers 2023 growth on near-term challenges
Under Armour, despite all its efforts to reshape and fortify its premium-focused business since a 2020 restructuring under president and CEO Patrik Frisk, is facing short-term issues that will impact its sales, profitability, and margins for much of 2022. The company started a new fiscal year, FY23, on April 1 ...
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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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ArticleVulcabras bolstered by sports brands, e-commerce
Vulcabras’ net income soared by 270 percent to 54.0 million Brazilian reais (€9.2m) in the first quarter of 2022. Operating earnings (Ebit) jumped by 203 percent to R$64.4 million (€10.9m) in the period ended March 31, as the gross margin increased by 1.2 percent to 35.2 percent versus 34.0 percent ...
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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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AnalysisSporting Goods Industry Scorecard 2021
Exclusive: We give you an overview of top performers by sales and profit.
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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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ArticleAnalysis: Sporting Goods Industry stocks fell more than 16% in Q1 2022
According to SGI Europe’s quarterly study of selected public sporting goods industry stocks, their average share price fell by 16.25 percent on a sequential basis in the first quarter of 2022, in contrast with the performance of some major stock indexes during the same period. The Standard & Poor’s 500 ...
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ArticleUpdate: Sports companies and the war in Ukraine
We had previously reported on first, early measures taken by some sports companies such as Nike, Haglöfs and Mammut following Russia’s attack against Ukraine. In the meantime, other companies have joined, and industry groups and federations are also taking action. We have summarized the activities that we are aware of. ...
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ArticleMizuno and Under Armour help Vulcabras to sell more athletic shoes and apparel
Vulcabras’ net income rose by 49 percent to 81.3 million Brazilian reais (€14.6m) in the fourth quarter of 2021. Operating earnings (Ebit) went up by 58 percent to R$89.3 million (€16.1m) in the period ended Dec. 31, as the gross margin hit 36.1 percent versus 32.7 percent a year earlier ...
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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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Infographics & DataThe largest athletic footwear brands 2020
This chart shows the revenue development of the top 24 athletic footwear brands brands in 2020 vs 2019. The chart and data can be downloaded. This is exclusive data and analysis for Premium Members.
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AnalysisMarket Analysis: The sports apparel market
This is an exclusive, yearly statistic only available for subscribers of SGI Europe. It includes revenue and market share development of the major global sports apparel brands including breakdown by region.
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Infographics & DataDTC sales of five major sports brands for 2019, 2020
This exclusive interactive chart shows the DTC sales of Adidas, Nike, Under Armour, VF Corp. and Puma as a percentage of total net sales for the financial years 2019 and 2020. The chart can be downloaded. This is exclusive data and analysis for Premium Members.
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News briefs
S&P upgrades Under Armour’s outlook
The outlook for Under Armour has been changed by Standard & Poor’s from negative to stable based on the company’s improved financial metrics, while its issuer credit rating has been kept at BB. S&P expects UA’s debt/Ebitda ratio to decline from 2.7 times in 2020 to below 2.0 times by ...
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Infographics & DataEarnings - Q1 2021 Results Under Armour
This earnings briefing includes the highlights of the earnings results of Q1 2021 from Under Armour
