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...
4 Mar 2025
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...
27 Feb 2025
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....
6 Feb 2025
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...
15 Jan 2025
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...
13 Dec 2024
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...
8 Nov 2024
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...
7 Nov 2024
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...
10 Sept 2024
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....
4 Sept 2024
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...
9 Aug 2024
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...
6 Aug 2024
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...
25 Jun 2024