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INX:UAA, Sep 30, 02:31 UTC

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Monday, August 17


News

Nike, Under Armour and Adidas are among the biggest losers of canceled college football

NKE ADS +2 more NKE ADS UAA UA

Nike, Under Armour and Adidas are among the biggest losers of canceled college football. That could mean billions of dollars in losses — for universities,college towns and companies built around the American college football spectacle. "If you look at what the overall spend (on college apparel deals) is, I bet it's the companies' biggest expenditure from an advertising standpoint," said Eric Smallwood, president of Apex Marketing Group. A single conference championship game could provide the company with more than $2 million in marketing value. For both the schools and the apparel companies, missing a season would involve other losses, too. As part of some collegiate apparel deals, some companies will work with a universities' student athletes to test gear and gather data on its performance.

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Wednesday, August 12


News

This Is How a Cancelled College Football Season Could Impact Nike, Adidas and Under Armour

NKE UAA +1 more NKE UAA UA

With each day that passes, the prospect of a college football season in 2020 becomes less likely. At time of press, however, the seasons for the ACC and SEC appear to be moving forward and the Big 12 is reportedly still undecided on playing in the fall but is leaning toward hitting the field. With action on the gridiron this year still uncertain and a cancelation a possibility, athletic giants involved with major college programs — specifically Nike, Adidas and Under Armour — are sure to sustain massive financial blows. “The potential impact [of no college football season] could be felt on jersey sales, team apparel, licensed products, the loss of revenue that certain retailers and brands could see from a diminished interest because there are no games,” National Sporting Goods Association director of communications and team dealer division Marty Maciaszek told FN. Although a financial hit is expected, industry insiders believe it’s too early to tell just how devastating it will be.

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Monday, July 27


News

This is a ‘very different company’ than the Under Armour being discussed in recent filings: Simeon Siegel

UAA UA

This is a ‘very different company’ than the Under Armour being discussed in recent filings: Simeon Siegel. {{monthName}} {{day}}, {{year}}, {{hour12}}:{{minuteTwoDigit}} {{dayPeriod}}. Under Armour received a Wells notice from the U.S. Securities and Exchange Commission related to an investigation about the sportswear maker's accounting practices. BMO Managing Director Simeon Siegel joins Yahoo Finance's On The Move panel to discuss.

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Saturday, June 27


News

Under Armour attempting to end massive $280M deal with UCLA

UAA UA

Less than five years into its massive $280 million deal with UCLA, Under Armour is trying to get out. Under Armour informed the school that it wants to terminate the 15-year, $280 million deal— which set an NCAA record for the largest in history when it was signed in 2016 — on Saturday, according to The Los Angeles Times. “Under Armour has recently made the difficult decision to discontinue our partnership with UCLA, as we have been paying for marketing benefits that we have not received for an extended time period,” the company said in a statement, via The Los Angeles Times. It also provides about $7.4 million in clothing, shoes and equipment each year, and about $2 million each year for facility upgrades. Yet just a few years into the deal, Under Armour feels it hasn’t benefited enough — especially given the football and basketball programs’ recent struggles.

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Tuesday, June 02


News

Hedge Funds Are Warming Up To Under Armour Inc (UA)

UAA

Video: Watch our video about the top 5 most popular hedge fund stocks. So, why do we pay attention to hedge fund sentiment before making any investment decisions? Our research has shown that hedge funds' small-cap stock picks managed to beat the market by double digits annually between 1999 and 2016, but the margin of outperformance has been declining in recent years. We interview hedge fund managers and ask them about their best ideas. If you want to find out the best healthcare stock to buy right now, you can watch our latest hedge fund manager interview here. Unfortunately UA wasn't nearly as popular as these 10 stocks and hedge funds that were betting on UA were disappointed as the stock returned -2.5% during the second quarter (through the end of May) and underperformed the market. If you are interested in investing in large cap stocks with huge upside potential, you should check out the top 10 most popular stocks among hedge funds as most of these stocks already outperformed the market in 2020.

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Monday, March 16


News

Nike, Under Armour join retailers shutting stores to limit virus spread

NKE UAA +1 more NKE UAA LULU

SECTIONS. Home. Business. Markets. World. UK. Technology. Money. About Cookies On The Site. We use cookies to personalize and enhance your experience on our site. Visit our Privacy Policy to learn more or manage your personal preferences in our Cookie Consent Tool. By using our site, you agree to our use of cookies. Nike, Under Armour join retailers shutting stores to limit virus spread. (Reuters) - Nike Inc, Lululemon Athletica Inc and Under Armour Inc on Sunday said they would close stores in the United States and other markets, joining a growing list of major retailers moving to help limit the spread of the coronavirus. The virus, which began in China at the end of last year, has led to school closures and canceled sports events in the United States and beyond. It is widely expected to hit retail sales as shoppers stay home to avoid catching the highly contagious COVID-19 respiratory illness that the virus causes. The United States' top infectious disease expert Dr. Anthony Fauci said conditions would likely get worse before they get better. Nike on Sunday said it will close stores in Canada, Western Europe, Australia and New Zealand from March 16 to 27. It will continue normal operations at stores in South Korea, Japan, most of China and in many other countries. "We are taking additional steps in other Nike-managed facilities, including the option to work from home," the U.S. sportswear firm said in a statement. Under Armour said it would shutter all North America stores from Monday for about two weeks. Lululemon said it would close its stores in North America and Europe for a similar period. "We are living in uncertain times and we're learning more about this virus every day," Lululemon said in a statement. Nike and Lululemon operate over 650 stores combined in the United States, while Under Armour has nearly 190 stores in North America, showed the companies' latest annual reports. Each said their online stores would continue to be open. Apparel retailer Lands End Inc and Columbia Sportswear Co also said on Sunday they would temporarily shut all of their stores in the United States and North America respectively. FILE PHOTO: The Nike swoosh logo is pictured on a store in New York City, New York, U.S., September 4, 2018. FILE PHOTO: Nike shoes are seen on display at the Nordstrom flagship store during a media preview in New York, U.S., October 21, 2019. Gap Inc is temporarily reducing store hours for all of its locations in the United States and Canada, and closing over 100 stores, incoming Chief Executive Sonia Syngal said in a message posted on the company's website here. Apparel retailer Urban Outfitters Inc, which owns brands including Anthropologie and Free People, said on Saturday it would close its stores worldwide until at least March 28. Last week, retailers including Macy's Inc and Saks Fifth Avenue sent notices to shoppers saying they were open for business, in a move to stem losses due to a drop in store traffic. Earlier this month, Nike temporarily closed its European headquarters in the Netherlands after an employee was infected with the coronavirus.

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Sunday, March 15


News

Nike, Under Armour to close all U.S. stores due to coronavirus

NKE UAA +1 more NKE UAA TRI

Nike stores in Canada, Western Europe, Australia and New Zealand will be closed from March 16 to 27, the company said in a statement. Under Armour will shutter all of its stores in North America from Monday for about two weeks, while Wisconsin-based apparel retailer Lands End Inc LE.O said it is closing all retail stores in the United States through March 29. However, Nike-owned stores in South Korea, Japan, most of China and in many other countries are currently open and will continue their normal operations. "We are taking additional steps in other Nike-managed facilities, including the option to work from home," it added. Apparel retailer Urban Outfitters Inc URBN.O, which owns brands including Anthropologie and Free People, said on Saturday it was closing all its consumer stores worldwide until at least March 28. However, retailers including Macy's Inc M.N, Saks Fifth Avenue and Gap Inc's GPS.N Banana Republic sent notices to shoppers last week saying they were open for business in a move to stem losses due to a steep drop in store traffic.

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News

Nike, Under Armour join retailers shutting stores to limit virus spread

NKE UAA +2 more NKE UAA LULU AAPL

(Reuters) - Nike Inc, Lululemon Athletica Inc and Under Armour Inc on Sunday said they would close stores in the United States and other markets, joining a growing list of major retailers moving to help limit the spread of the coronavirus. The virus, which began in China at the end of last year, has led to school closures and canceled sports events in the United States and beyond. Nike and Lululemon operate over 650 stores combined in the United States, while Under Armour has nearly 190 stores in North America, showed the companies' latest annual reports. Gap Inc is temporarily reducing store hours for all of its locations in the United States and Canada, and closing over 100 stores, incoming Chief Executive Sonia Syngal said in a message posted on the company's website https://corporate.gapinc.com/en-us/articles/2020/03/gap-inc-reduces-store-hours.

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Friday, February 14


News

Can Under Armour Turn Around Its North American Business?

UAA UA

The main drag on sales is still the North American market, where the company is headquartered and where it's taken a beating over the past few years. In late 2019, the company announced a new CEO, and in early 2020 it rolled out a broad, new marketing strategy. But Under Armour isn't where it wants to be just yet, as improved results are taking longer than anticipated to take root. Analysts have criticized the company for not getting on board with the athleisure trends currently benefitting Nike(NYSE: NKE) and lululemon athletica (NASDAQ: LULU), but Under Armour is taking a firm and principled stance against that. Under Armour is expected to have "a mid- to high single-digit decline in North America and low double-digit growth in our international business," and for the first quarter 2020, it's expecting to see revenue decrease 13% to 15%, partially due to declines in China created by the novel coronavirus outbreak.

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nasdaq.com fool.com
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Thursday, February 13


News

4 Harsh Lessons from Under Armour’s Post-Earnings Meltdown

UAA UA

Under Armour's (NYSE: UA)(NYSE: UAA) stock recently plummeted after the footwear and athletic apparel maker reported its fourth-quarter numbers. On the bottom line, Under Armour reported a net loss of $15 million, compared to a profit of $4 million a year earlier, mainly due to $62 million in tax expenses and impairment charges. But on a non-GAAP basis, which excludes those one-time expenses, its earnings grew by a penny to $0.10 per share and met analysts' expectations. Yet UA's guidance for 2020 was bleak. It expects its revenue to decline by the low single digits, with a "mid to high-single-digit decline" in its North American revenue and a $50-$60 million hit to its first-quarter sales from the novel coronavirus outbreak in China. That ended a five-quarter streak of revenue declines in UA's largest market, but its dim outlook for 2020 suggests that growth was temporary.

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nasdaq.com fool.com
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