Under Armour
This coverage examines Under Armour’s presence and strategy in the UK retail market. Reporting includes store openings and closures, product launches, marketing campaigns, sponsorships, and leadership changes — all analysed for their impact on brand growth, market share, and positioning within the competitive sportswear and athleisure segments. The content supports decision-making for retail managers, brand executives, and professionals overseeing sports and lifestyle retail operations.
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Jun- 2024 -24 JuneSport & Leisure
Under Armour agrees to $434m settlement amid shareholder lawsuit
Sportswear brand Under Armour has agreed to a $434m (£342.7m) settlement in a 2017 shareholder lawsuit. The case alleges that Under Armour and CEO Kevin Plank violated U.S. securities law by making materially false and misleading statements and failing to disclose adverse information about Under Armour’s business and operations to…
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20 JuneClothing & Shoes
Footasylum to open first Aberdeen store
Footasylum has announced that it will be opening a new store in Aberdeen’s Union Square shopping centre. The new 7,000 sq ft store will open to the public in early September, with an exact date to be confirmed in due course. It will be located on the ground floor of…
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4 JuneClothing & Shoes
WIT Fitness to relaunch with founders amid Frasers partnership
WIT Fitness is set to relaunch with its original founders, having been acquired by Frasers Group in January 2024.Following the acquisition, founders Sam Kitching and Daniel Williams will lead WIT in partnership with Frasers Group. Frasers said the return of the founders will “help restore the WIT brand and reconnect…
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May- 2024 -17 MayNews
Today’s news in brief-17/5/24
Asos is set to enter the Indian market through a new long-term partnership with Reliance Retail, marking Asos’ first country-wide exclusive retail partnership. Reliance Retail will manage the exclusive retail presence of Asos’s brands both online and offline across India, utilising various retail formats including exclusive brand stores and digital…
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17 MayClothing & Shoes
Under Armour revenues slip 3% to $5.7bn in FY24
Under Armour revenues slipped 3% to $5.7bn (£4.5bn) for the financial year ended 31 March. North America revenue decreased 8% to $3.5bn (£2.7bn), while international revenue increased 8% to $2.2bn (£1.7bn). Within the international business, revenue increased 9% in EMEA, 6% in Asia-Pacific, and 8% in Latin America. Wholesale revenue…
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Apr- 2024 -24 AprilNews
JD Sports reopens flagship shop in Westfield Stratford
JD Sports has announced the reopening of its flagship store in Westfield Stratford City London. The improved store, which opened its doors on Saturday (20 April), features over 4,000 sq ft of additional space compared to the previous Stratford store. Complete with a digital uplift spanning across two floors, the…
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Mar- 2024 -15 MarchNews
Today’s news in brief-15/3/24
After 14 years of service, Iain McDonald, a non-executive director at THG, has announced his intention to step down from his position. McDonald has been instrumental in guiding THG’s growth and evolution into a global leader across Beauty, Nutrition, and Technology sectors. The board, upon his departure, will consist of…
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15 MarchNews
Under Armour founder returns as CEO
Under Armour founder Kevin Plank will become president and chief executive officer, effective April 1, 2024, succeeding Stephanie Linnartz. Plank, who will transition from executive chair of the board, will remain a director. Linnartz will remain an advisor to the company through April 30, 2024. Plank founded Under Armour in…
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Feb- 2024 -9 FebruaryNews
Today’s news in brief-9/2/24
Retail giant Tesco has finalised the sale of its banking arm to Barclays in a £600m deal. The partnership aims to leverage Tesco’s strong brand presence and extensive customer base with Barclays’ financial services expertise. This collaboration will enable Tesco to offer customers Tesco-branded banking products and services, leveraging the…
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9 FebruaryClothing & Shoes
Under Armour sees dip in profits amid decline in sales
Under Armour has reported a 25% dip in operating income to $70m (£55m) for the three months to 31 December 2023, amid a 6% decline in revenues to $1.5 billion (£1.2bn). The group also reported an adjusted operating income of $92m (£72m). Under Armour stated that the drop in revenue…
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