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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…
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…
Under Armour Asia-Pacific sales surged 9.8 percent in the December quarter – a far greater growth rate than the global 3.7 percent. The sportswear brand, which is struggling to turn around its sagging North American business, also suffered a $15 million net…
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…
From the brand that first revolutionized the athletic wear market in 1996 by introducing sweat-wicking fabric, Under Armour is once again changing the performance apparel game. In partnership with Celliant, Under Armour has created UA Rush and Recovery, its…
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…
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…
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…
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…
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…
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…
Global Brands Group is to sell a substantial part of its North American branded business to Differential Brands Group for US$1.38 billion. The move, announced at the release of its annual results yesterday, will allow it to cut debt, pay a modest special…
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…
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…
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…
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”.…
