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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…
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…
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…
The great debate — about whether or not eCommerce will nail the coffin on bricks and mortar retail shops — has droned on for as long as the Internet began cannibalizing sales. So asking a pertinent question — If retail stores are disappearing from the…
Under Armour Korea plans to open flagship stores to make the most of its growing popularity in the Asian market. The US-headquartered sports brand says it has opened an office in South Korea to operate its business directly from next year, after taking over…
Global Brands Group sales rose 15 per cent in the second half year. That’s a figure CEO Bruce Rockowitz believes puts the Hong Kong brand licensee and manager second only to Under Armour in business performance in the current lacklustre global economy. Sales…
U.S. sports brand Under Armour said Thursday that it has opened an office in Korea to operate its business directly next year. So far, its clothes, shoes and sports equipment have been imported, marketed and sold through business partner Hyosung Galaxia. The…
Hang Lung Properties has staged a grand opening for Olympia 66 in Dalian, the Hong Kong-based developer’s eighth commercial complex in China. Located in the Xigang business and financial district of Dalian, the megamall joins Hang Lung’s other world-class…
Under Armour has launched UA Shop, a mobile app dedicated to elevating the consumer shopping experience built on the Under Armour Connected Fitness platform. Integrating data from the world’s largest digital fitness community allows the Under Armour app…
Uncle Martian, a new competitor for sportswear brand Under Armour in one of its main markets, China, is in hot water for co-opting the US company’s logo. Under Armour uses a U over an inverted U that intersect to form a stylised A. Uncle Martian has the same…
Apparel and footwear chain, Under Armour, has reported net revenue growth of 30 per cent for the first quarter of 2016. The increase saw the sports brand reach net revenue of $1.05 billion, with the 2016 outlook raised to $5.0 billion representing growth of…
Lululemon’s final quarter numbers look fairly solid on the surface, especially when compared to the rather lacklustre performance during the prior quarter. However, while there has been a pickup in sales momentum, the underlying figures continue to show signs…
The new Under Armour Singapore store at Bugis Junction is the fast-growing sportswear brand’s largest in the city, and second largest in Southeast Asia. The fashionable sportswear brand is growing rapidly, especially in Asia where it has 15 solo-brand retail…
Japanese buying and selling firm Mitsui & Co has purchased a stake in Singapore-based Triple, which runs Underneath Armour Asia. Triple thus far has 5 Beneath Armour shops and concessions in Singapore, three within the Philippines and three in Malaysia. One…
Under Armour Inc. has some out-there ideas for your clothes. The athletic gear company has been spending big to buy developers of apps to monitor personal fitness, aiming in the short term to sell more shirts and shoes. Lees ook: Central Group launches Porto…
