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Under Armour joins rival Nike in 'annihilating' competition, analyst says
Under Armour joins rival Nike in 'annihilating' competition, analyst says

It is a good time to be in the athletic apparel business -- especially if you are Under Armour or Nike. Sales of athletic wear have gone up along with the temperatures, about 8 percent over the last four weeks, Sterne Agee analyst Sam Poser said in a report Thursday. But Baltimore-based Under Armour and Nike have far outpaced overall sales gains, leading the way with increases of 30 percent and 23 percent, respectively, Poser said, citing information from SportscanInfo. Women in particular are demanding workout wear, with active tights/capris flying out real and virtual doors and spurring gains of 79 percent for both brands. "Nike and...

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