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Ecommerce growth drives Under Armour's holiday quarter sales

For the fourth quarter, Under Armour revenue was down 3 percent to 1.4 billion dollars. The company said, wholesale revenue decreased 12 percent to 662 million dollars and direct-to-consumer revenue increased 11 percent to 655 million dollars, driven by 25 percent growth in ecommerce. Net income for the quarter was 184 million dollars, while...

10 Feb 2021