
As a follow-up to September's 'In America: A Lexicon of Fashion' the second installment of The Met's theme gives a dramatic setting to American fashion.
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As a follow-up to September's 'In America: A Lexicon of Fashion' the second installment of The Met's theme gives a dramatic setting to American fashion.
Online demand for Under Armour’s apparel and accessories, and stronger Asia-Pacific sales helped it post a surprise holiday-quarter profit and top revenue estimates on Wednesday.
Under Armour Inc beat quarterly revenue estimates on Friday, helped by online demand from shoppers looking for athletic apparel for home or outdoor workouts.
Under Armour said Friday it expects margins to be pressured for the rest of the year on the back of increased promotions, even as online demand helped the sportswear maker post a smaller-than-expected loss.
Under Armour Inc forecast on Monday a 50% to 60% drop in second-quarter revenue as most of its stores remained closed because of the COVID-19 pandemic, sending the athletic apparel maker’s shares down about 11%.
As its turnaround efforts continue, the athleticwear brand has announced a Q4 loss of $15.3 million and revealed disappointing prospects for 2020, sending the company’s shares plummeting 18% in Tuesday trading.
Under Armour Inc is reportedly under investigation by U.S. federal law enforcement officials over whether the sportswear maker shifted sales from quarter to quarter to appear financially healthier.
Sportswear maker Under Armour Inc on Tuesday cut its full-year revenue forecast for North America, its biggest market, as it suffered in the face of a strong performance by bigger rivals Nike and Adidas.
Sportswear brand Under Armour is setting its sights on Asia with plans to open a regional headquarters in Hong Kong this year.
Under Armour Inc raised its full-year profit forecast on Tuesday after reporting third-quarter results that topped Wall Street estimates, as the sportswear maker benefited from higher overseas sales and lower expenses.