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Tag: under armour

Retail Asia03/11/2021
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Fashion

Under Armour raises forecasts amid supply chain snafus

3min0
Under Armour on Tuesday raised its full-year forecasts, alleviating investor concerns regarding holiday inventory shortages flagged by nearly all its peers and sending its shares up 16 percent. Factories in Vietnam, where Under Armour sources about one-third of its products from, have begun reopening after months-long shutdowns that have caused severe distress to many apparel […]
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Retail Asia14/05/2020
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Fashion

Under Armour sales down with almost 25%

3min0
Under Armour sales fell 23 percent in the first quarter, with about two-thirds of the decline attributed to the Covid-19 pandemic. The sports-apparel manufacturer and retailer recorded a loss of $589.7 million for the quarter after restructuring charges of $436 million were included. Total sales were $930 million, with wholesale revenue down 28 percent and […]
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Retail Asia16/05/2019
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Fashion

Under Armour Singapore showcases Rush

3min0
Under Armour Singapore has partnered with Celliant to create performance apparel line UA Rush and Recovery. Designed to enhance performance, the collection includes men’s and women’s fitted tees, long-sleeved shirts, leggings and tights and more. All pieces will range from S$69-$199, and are now available for purchase on Under Armour Singapore’s online store, retail stores […]
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Retail Asia03/04/2019
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Fashion

Aggressive expansion planned by Under Armour Asia

2min0
US sportswear brand Under Armour is expanding its operations in Asia, as well as Europe and Latin America. An Under Armour Asia headquarters is set to open in Hong Kong this year, as the brand strengthens its commitment premium-grade sportswear rather than follow the currently fashionable athleisure market. “As part of the transformation into this […]
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Retail Asia05/03/2019
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Fashion

First Under Armour India store’s a Fact

1min0
Under Armour India is about to open its first store after testing the market online. According to Jason Archer, MD at Under Armour’s Asia-Pacific region, the company has set up a wholly owned Indian subsidiary. It will be led by former Adidas veteran Tushar Goculdas as MD. “We are investing in Asia Pacific as there […]
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Retail Asia20/02/2019
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Fashion

Under Armour Thailand predicts sales growth

2min0
Under Armour Thailand is targeting a 20-per-cent sales increase in the kingdom, according to the brand’s exclusive Asian distributor Triple Pte Ltd. The company is focusing on footwear sales to follow up on its gains in the apparel sector in a sporting goods market expected to see 5–7 per cent growth this year. It will […]
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Retail Asia07/11/2018
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Fashion

Why did Under Armour stock rise by 27% ?

2min0
The sportswear maker, in the midst of a convincing turnaround this year, blew away Wall Street estimates in third quarter earnings reported this week and injected a dose of optimism into the stock market. Under Armour shares were up an overwhelming 27.82 percent. The broader index seesawed for much of the day but a late afternoon rally […]
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Retail Asia05/07/2018
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Fashion

Under Armour reorganises international executive team

3min
Athletic apparel retailer Under Armour has announced new executive appointments for their international markets as it expresses plans to make its international sales grow even more. The company’s international sales have been growing fast and make up 24 per cent of its total revenue. In the first quarter, the sportswear retailer’s total sales were $1.19 […]
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Retail Asia03/05/2018
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Fashion

Asia Pacific helps Under Armour to get up

5min0
US-based sportswear brand Under Armour has unveiled better than expected first quarter revenue growth of 6 per cent to US$1.2 billion, as weakness in its home market was offset by growing momentum overseas. Asia Pacific was the strongest individual operating region for the business, with sales increasing by 28 per cent, currency corrected. However, Under […]
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Retail Asia15/02/2018
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Fashion

Under Armour Asia saves the brand globally

5min0
Under Armour Asia sales soared 61 per cent in the 12 months to December – a highlight in the US-headquartered sportswear retailer’s year in which it lost US$48 million. Global revenue was up a mere 3 per cent to $5 billion with the company losing ground in the wholesale sector, but raising its direct sales […]
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Retail Asia09/02/2018
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Electronics

Hearables is the next big thing in wearables

3min0
Specialised fitness wearables integrated into clothing and ear-based “hearables” will grow from an expected 4.5 million shipped this year to nearly 30 million in 2022, according to Juniper Research. This is an increase of more than 550 per cent, while by contrast, conventional activity tracker shipments will grow by only 20 per cent in that […]
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Retail Asia17/11/2017
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Fashion

AW Lab Singapore to open in Suntec City

3min0
AW Lab Singapore has opened a store in Suntec City, the first brick-and-mortar outlet in Asia Pacific for the Italian sports apparel retailer. Covering 2630sqft (240sqm), the store has a futuristic concept that invites young people to “play with style”. Whited out from floor to ceiling with blocks of bright colours, the outlet features ultra-sleek […]
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Retail Asia02/11/2017
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Fashion

Under Armour sales numbers hit the wall

6min0
Sportswear brand Under Armour sales have dropped by 12.1 per cent in North America, part of a worldwide trend to hit the once powerhouse brand of sports retail. In its third quarter update, Under Armour said revenue was down 5 per cent to $1.4 billion while revenue to wholesale customers declined 13 percent to $880 million and […]
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Retail Asia03/08/2017
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Fashion

Under Armour Asia sales skyrocket

4min0
Under Armour Asia sales soared 89 per cent in the latest quarter to US$93.6 million as Chinese continued to embrace the sports brand. Profit in the region rose an equally spectacular 53.8 per cent to $15.2 million. The US-headquartered sportswear company said the Asian regional performance was driven by China, Taiwan and Korea as it […]
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Retail Asia04/05/2017
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Fashion

Under Armour braces for first loss since IPO

3min0
Under Armour is poised to report its first quarterly loss since going public in 2005, a setback for a high-flying growth company that’s already had a tumultuous start to the year. The sports-apparel maker in January cut its growth forecast, sending the stock plummeting. Soon after, Chief Executive Officer Kevin Plank’s favorable comments about President […]
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