Under Armour news and archive

Fashion for Good and leading brands to tackle microfibre pollution caused by fibre fragmentation

Fibre fragmentation is the breakdown of textile fibres into smaller parts, for example when washing or wearing clothes but also during the dyeing process. Particularly harmful is the release of tiny pieces of synthetic fibres, namely microplastics. They can accumulate in the ecosystem and pollute it and waterways, harm aquatic life by entering...

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Under Armour hires former Estée Lauder executive director to spearhead AI & Analytics division

Sportswear giant Under Armour, Inc. has hired Liz Bacelar, the former executive director of global tech innovation at Estee Lauder, to head its new artificial intelligence and advanced analytics division. In her new role at Under Armour, Bacelar has been tasked with building a team of data scientists, engineers and AI specialists to integrate...

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Despite profit decline, Under Armour exceeds expectations in Q3

US sportswear provider Under Armour Inc. exceeded expectations in the third quarter of fiscal 2024/25, despite a significant decline in profits. On Thursday, the company subsequently announced a slightly more optimistic outlook for the full year. In the period from October to December, Under Armour generated revenue of 1.40 billion US dollars....

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Safilo and Under Armour renew eyewear licensing agreement

Safilo Group and Under Armour have renewed their global licensing agreement for Under Armour branded eyewear until 2031. "We are enthusiastic about extending our successful partnership started in 2020 with Under Armour. We are thrilled to continue this journey, leveraging Under Armour's growing consumer base in North America and in the rest of...

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Under Armour reiterates revised FY25 outlook

At an investor meeting in New York Under Armour reiterated its full-year fiscal 2025 outlook, which it provided with the second-quarter results in November. Key points related to Under Armour's fiscal 2025 outlook included revenue decline at a low double-digit percentage rate, gross margin to increase by 125 to 150 basis points, operating loss...

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Under Armour faces new proposed class action lawsuit over 'false discounting scheme'

Under Armour is under the microscope once more, as the sportswear brand faces a new proposed class-action lawsuit alleging it uses a "false, misleading and deceptive pricing scheme" across its Under Armour Factory outlet stores and website. According to Linda Rappaport, a New York resident who filed the complaint in the state's Eastern District...

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Sales decline doesn't dampen optimism: Under Armour raises expectations, focuses on premium strategy

Sportswear giant Under Armour, Inc. is remaining optimistic despite a revenue decline, seeing opportunities to further expand its premium market position and position the brand more broadly, according to its second quarter 2025 financial report. Under Armour reported a decline in sales of 11 percent to 1.4 billion dollars. In North America, the...

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Restructuring becomes more expensive: Under Armour warns of higher losses

The US sporting goods manufacturer Under Armour Inc. had to issue a profit warning on Monday evening. According to current information, the ongoing reform measures will have a greater impact on earnings in the 2024/25 financial year than previously expected. The company cited additional restructuring costs as the reason, which mainly result from...

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Under Armour names Franck Denglos as VP of commercial for EMEA

Under Armour has announced the appointment of Franck Denglos as vice president of commercial for Europe, the Middle East, and Africa (EMEA). With 25 years of experience in the sports, lifestyle, and fashion industries, the company said, Denglos brings a wealth of expertise in driving commercial success and strategic growth to the company....

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Under Armour revenues decline 10 percent in the first quarter

First quarter revenue at Under Armour was down 10 percent at reported and currency neutral basis to 1.2 billion dollars. Gross margin for the quarter increased 110 basis points to 47.5 percent, operating loss was 300 million dollars and adjusted operating income was 8 million dollars. First quarter net loss was 305 million dollars, adjusted net...

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Unless co-founder Eric Liedtke to join Under Armour as EVP brand strategy

Eric Liedtke will join Under Armour as executive vice president of brand strategy following the completion of its acquisition of Unless Collective, a zero-plastic regenerative fashion brand. The transaction is expected to be completed later this week. He will report to president & CEO Kevin Plank and oversee Under Armour's brand presence through...

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Under Armour settles 434 million dollar lawsuit

Under Armour has agreed to a 434 million dollar settlement for a 2017 lawsuit initiated on claims that the sportswear manufacturer had not been honest with shareholders about its sales growth. CEO Kevin Plank is said to have deliberately reported better sales figures than the company had actually achieved in order to better align with Wall...