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Tag: Armours

Under Armour’s shoes aren’t cool right now

Under Armour sports shoes on display. Getty Images Under Armour‘s third-quarter sales might have topped expectations, but one glaring shortcoming in Monday’s release was the company’s shoe sales. Under Armour said footwear revenue tumbled 12% to $250.6 million from $284.9 million a year ago. During a post-earnings conference call with analysts, the company admitted those …

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Under Armour’s Kevin Plank says he and new CEO will ‘divide and conquer’

Kevin Plank and Patrik Frisk will “divide and conquer” their responsibilities in leading Under Armour, the duo told CNBC on Tuesday morning, on the heels of the company announcing Plank will step down as CEO on Jan. 1. Plank will be succeeded by Frisk, who is currently COO and only just joined the company about 2½ years ago. He …

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