Under Armour has been working for nearly two years to turn around its faltering business. Now, the Baltimore-based company acknowledges it needs to transform its corporate culture as well, so it can stand up to scrutiny of the #MeToo movement.Read more
Under Armour could face long-term consequences from allegations that it fostered a workplace culture that women found demeaning, an analyst said Tuesday.Read more
Under Armour fostered a culture that many women found demeaning, including allowing employees to expense visits to strip clubs, according to a report published by The Wall Street Journal.Read more
Shares of Under Armour soared Tuesday, climbing more than 27 percent, after the Baltimore-based brand announced better-than-expected third-quarter results and said its multiyear turnaround plan is working.
The sports apparel and footwear maker reported a profit of $75 million, or 17 cents per share, for the three months that ended Sept. 30.Read more
Under Armour is drawing mixed reviews for efforts to rejuvenate sales through a restructuring, which has meant layoffs and other steps to rein in the once rapidly growing brand’s expenses.
The Baltimore-based athletic apparel maker is set to announce third-quarter financial results Tuesday. Wall Street analysts are expecting earnings of 12 cents per share on sales of $1.4 billion.Read more
Under Armour founder and CEO Kevin Plank has stopped work on the nearly 35,000-square-foot, eight-bedroom mansion he was building on the ridge of a historic estate in a rural part of Baltimore County.
Plans for what might be the biggest house in the state had raised concerns among conservationists and residents who want to protect the Green Spring Valley area from development.Read more