Councils pension fund settles Under Armour legal claim – BBC.com
Image source, Getty Images Image caption, The clothing company has a market capitalization of more than $3 billion. Article information author, Craig Williams role, BBC Scotland News 2 hours ago Lawyers for pension funds representing workers at three Scottish local authorities have won a $434 million settlement from US sportswear maker Under Armour. The North […]
Under Armour cutting jobs, warns of surprise drop in sales this year
Under Armor on Thursday announced plans to overhaul its business, predicting an unexpected drop in sales this year as the sportswear maker seeks to revive demand for its brands in the United States. The company said it aims to “meaningfully reset” its operations in North America, its largest market, and reverse the effects of years […]
Under Armour CEO Plank Warns Of Plunging Sales and Layoffs Ahead
Under Armor is walking the plank again. On Thursday, the company announced earnings that fell short of Wall Street expectations, and co-founder Kevin Plank, who returned to the reins in March, warned that the sportswear brand’s revival will take time. Plank said the company expects sales to decline by more than 10% this fiscal year […]
Under Armour trolls MLB’s ridiculed see-through pants
Amid MLB’s uniform controversy, with players around the league complaining about Nike’s design and Fanatics manufacturing, Under Armor has issued a not-so-friendly reminder that it’s largely responsible for the uniforms. went. Under Armor posted a photo of a player wearing baseball shorts on its She posted it with the caption, “I’m going to do it.” […]