Under Armour has tapped one of its sports division managers to head footwear, a key growth category for the brand, as part of restructuring announced earlier this year.
Ryan Drew, previously general manager of the brand’s basketball division, will become head of footwear, Under Armour said Tuesday.Read more
It started when Kevin Plank sent financial commentator Jim Cramer a bottle of rye whiskey from the Sagamore Spirit distillery named for the Baltimore County horse farm that the Under Armour CEO also owns.
"I sent back a note saying: 'I thought you were making Under Armour,’” Cramer told TheStreet.com, the financial news site he co-founded.
Cramer said Plank responded with: “I'm done.Read more
In January, Under Armour introduced what might be described as “performance pajamas,” infused with technology designed to enhance athletes' recovery.
Now comes the extension of that line — “athlete recovery” bed sheets and pillowcases.Read more
Under Armour often boasts of possessing “the world’s largest digital health and fitness community” — more than 220 million users of its fitness and health apps.
Users of the apps — MyFitnessPal, MapMyRun and more — routinely log in data about their workouts, eating and sleeping, and the results provide the company with plenty of data about their habits.Read more
Under Armour co-founder Kip Fulks’ getaway Pennsylvania ranch is on the market for $13.5 million.
Located near St. Marys in Elk County, North Fork Lodge includes views of rolling hills, lakes and wildlife. The 7,150-acre property is one of the largest in the state that’s owned by a private individual, according to the Hall and Hall listing.Read more
It’s a bad time for Under Armour to be feeling growing pains.
As the Baltimore-based company heads into the crucial holiday selling season, demand for athletic wear has slumped at U.S. sports specialty stores. Competition among sports apparel makers has heated up. Consumers are fleeing stores for online shopping, and increasingly demanding sports brands offer fashion as well as workout clothes.Read more