Under Armour said it will discontinue its partnership with UCLA - a 15-year, $280 million accord announced in 2016 that was billed as the largest apparel deal in the history of American collegiate sports.
Following a tough first quarter heavily impacted by the Covid-19 pandemic, the Birmingham, Alabama-based sportswear retailer announced on Thursday that it has opened its 56th North Carolina location in Winston-Salem.
Under Armour Inc forecast on Monday a 50% to 60% drop in second-quarter revenue as most of its stores remained closed because of the COVID-19 pandemic, sending the athletic apparel maker’s shares down about 11%.
As the lockdown continues, consumer e-shopping choices are evolving and a new report shows they want luxury, face masks, rainbow wear, exercise clothing, kidswear and anything worn by the Duchess of Cambridge.
Trent Alexander-Arnold, the star defender of Liverpool FC, and heavyweight boxing champion Anthony Joshua join Under Armour to donate performance apparel to frontline medical workers in the UK and across Europe.
A group of employers' organisations, unions and major brands in the garment industry are working with the International Labour Organisation (ILO) to support manufacturers affected by the coronavirus outbreak.
Collier will provide multi-disciplined specialty retail expertise to Under Armour's leadership team, and will have oversight of the company's category management model, product, merchandising and design functions.
Under Armour Inc. has extended its store closures until further notice and has temporarily laid off over 600 U.S. employees, as part of a new series of actions to address the financial impact of the Covid-19 pandemic.