Under Armour Inc
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Performance footwear and apparel brand Under Armour is evolving thanks to the launch of a new brand that will broaden its appeal to a more mainstream audience, and the signing of a new partnership deal with Kohl's.
Hot on the heels of its best quarterly growth of the year, US sportswear giant Under Armour has defended questions over the competitive positioning of the group's footwear and women's wear categories, and the potential maturity of its domestic business.
Faced with downward pressure on demand from unseasonably warm weather, the outdoor industry is broadening its appeal to work across multiple end-uses. New product introductions at the recent Outdoor Retailer trade show included innovations in outerwear, performance denim, and wool.
Having set out plans to double annual revenues to US$7.5bn by 2018, US sportswear giant Under Armour is adding more detail on the building blocks that will help to achieve its big-picture ambitions – including a shake-up of the way it makes its products.
US sportswear giant Nike and performance footwear and apparel brand Under Armour have topped the so-called social currency charts, as other retailers clamour to keep up with their social media-savvy consumers.
Under Armour is to open its fourth distribution hub in the US as the performance footwear and apparel brand looks to optimise product distribution for its growing direct-to-consumer business.
Performance footwear and apparel brand Under Armour is continuing to add new executives to its team, including former VF Corp executive Colin Browne as president of global sourcing.
Under Armour’s local-for-local manufacturing vision is taking shape with a new state-of-the-art facility in the US that will serve as the "epicentre" for the sportswear giant's manufacturing and design innovation.
Performance footwear and apparel brand Under Armour says that Dave Dombrow, its former senior vice president, creative footwear and accessories, will be making a return to the company as chief design officer this summer.
Performance footwear and apparel brand Under Armour has cut its full-year outlook as a result of the liquidation of its long-standing customer Sports Authority.
Performance footwear and apparel brand Under Armour has appointed Kip Fulks to the role of interim chief merchandising officer as Henry Stafford announces his intention to step down after six years in the position.
Performance footwear and apparel brand Under Armour is replacing Nike in a sponsorship deal with The University of California, Berkeley, after signing a ten-year agreement to outfit all of its sports programmes.
Performance footwear and apparel brand Under Armour has delivered what analysts say is another solid quarter of revenue growth, driven by higher footwear and international sales.
Performance footwear and apparel brand Under Armour has introduced its first 3D printed trainer, which it says is "key to the future of underfoot innovation".
Performance wear specialist Under Armour has reiterated its previously issued earnings and sales outlook for 2016, despite one of its longest standing customers entering Chapter 11 Bankruptcy.
Performance wear specialist Under Armour has posted its best quarterly growth of the year as fourth-quarter earnings soared and net revenues in apparel, its largest product category, surged 22%.
In the most recent third-quarter filings from US apparel brands and retailers Gymboree, Aeropostale, Sears and New York & Co narrowed their losses, while Oxford Industries, Destination Maternity and J Crew saw theirs widen. Both The Finish Line and Men's Wearhouse swung to a loss. On a positive note, The Children's Place, Express, American Eagle Outfitters, G-III Apparel Group and Abercrombie & Fitch booked higher earnings.
Performance wear specialist Under Armour has launched what it describes as its first "cutting-edge" smart shoe, designed to track and store data, as part of its new connected fitness product portfolio.
Performance wear specialist Under Armour has appointed Chip Molloy as its new CFO, a move which has been described by one analyst as a "great hire".
Materials science business PrimaLoft has developed PrimaLoft Gold Insulation Active, which is said to offer a breathable four-way stretch performance and unmatched warmth during outdoor activities.
Performance footwear and apparel brand Under Armour has opened a new 1m square foot distribution and warehouse facility in Tennessee as part of a $100m investment to grow its US-based operations.
Performance wear specialist Under Armour has implemented an organisational reshuffle which sees the departure of Terdema Ussery, the president of its global sports categories, after less than two months in the role.
The most-read stories on just-style this week include a look at Ethiopia's potential as an emerging apparel sourcing hub, the building blocks that will help Under Armour achieve its manufacturing vision, and Esquel Group investing $2.4m in Sea Island cotton research.
Under Armour CFO and COO Brad Dickerson is to step down to pursue other opportunities, after 11 years with the performance wear specialist.
Performance wear specialist Under Armour has said it expects to book revenues of US$7.5bn in 2018 – double what it is forecasting for the current fiscal year.
The UK market for sportswear is expected to see considerable growth over the next five years to surpass GBP8bn (US$12.5bn) as the trend for athleisure rockets, a new report has forecast.
The most-read stories on just-style this week include a look at what Britain's Modern Slavery Act will achieve in the garment industry, the role of ethical buyers in a supply chain, and Under Armour investing in product lifecycle management (PLM) software to support growth and product innovation.
Performance apparel and footwear brand Under Armour has chosen to implement Centric Software's product lifecycle management (PLM) software to support its growth and product innovation.
Competition for pole position in the women's sportswear market is about to heat up after Nike this week revealed it has set its sights on growing its women's business by 40% over the next two years.
Two separate calls came last week urging the various safety initiatives in Bangladesh to work more closely to coordinate their efforts - and for more input from the Bangladeshi government if the work achieved so far is to continue its momentum.
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