×
98 916
Fashion Jobs
MACY'S
Asset Protection Detective, Bridgewater Commons - Full Time
Permanent · Bridgewater Township
MACY'S
Asset Protection Security Guard, Presidential Markets - Full Time
Permanent · Snellville
MACY'S
Asset Protection Detective, Santa Ana Mainplace - Part Time
Permanent · Santa Ana
MACY'S
Asset Protection Detective, Reno Meadowwood - Full Time
Permanent · Reno
MACY'S
Asset Protection Detective, Topanga - Part Time
Permanent · Los Angeles
BLOOMINGDALE'S
Asset Protection Outlet Supervisor, Outlets at Orange - Full Time
Permanent · Orange
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Roosevelt Field - Part Time
Permanent · Garden City
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Palmdale
KOHLS
Full-Time Loss Prevention Officer
Permanent · Pleasant Hill
KOHLS
Human Resources Generalist - Logistics
Permanent · DeSoto
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · West Des Moines
COTY
sr. Manager, Ecommerce Trade Mkting
Permanent · Los Angeles
COTY
Manager, Ecommerce Trade Mkting
Permanent · Los Angeles
COTY
Manager, Ecommerce Independents
Permanent · Los Angeles
GAP
Design Director - Women's Concept
Permanent · New York
SALLY BEAUTY CORPORATE
Warehouse Supervisor
Permanent · Justin
MARSHALLS
lp Detective
Permanent · Durham
KOHLS
Full-Time Loss Prevention Officer
Permanent · Elk Grove
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Huntsville
NORDSTROM
Asset Protection - Agent - Winter Park Square Rack
Permanent · Winter Park
NORDSTROM
Asset Protection - Agent - Millennia Crossing Rack
Permanent · Orlando
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Daytona Beach
By
AFP
Translated by
Nicola Mira
Published
Oct 24, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Under Armour may consider exiting tennis and fishing markets

By
AFP
Translated by
Nicola Mira
Published
Oct 24, 2017

US sport outfitter Under Armour, faced with a sales slump, may consider withdrawing from the tennis and fishing markets, the Wall Street Journal reported on Monday.


Under Armour has recently opened stores in Italy and Serbia - Under Armour Oficial


The US business daily, citing anonymous sources, also wrote that Under Armour is considering the exit while Kip Fulks, 45, one of its co-founders, is taking a sabbatical year. Kip Fulks was regarded as the right-hand man of CEO Kevin Plank, and was the group's strategy consultant before he took time off from the start of the month.

In June, Under Armour appointed Patrick Frisk, former boss of footwear brand Aldo, as COO and deputy chairman of the board of directors, thus taking over a large part of Kip Fulks' functions.

Contacted by the AFP agency, Under Armour has not yet replied.

All of this is happening as Under Armour's share price is struggling on the stock market: since the start of the year, the group has lost nearly 42% of its market value, and at 19.15 GMT on Monday it lost a further 2.92%, falling to $16.97.

Under Armour is the official sponsor of British tennis star Andy Murray and of US tennis player Sloane Stephens, winner of the Women's title at the last US Open championship.

In August, after posting losses for two consecutive quarters, Under Armour announced a restructuring plan featuring a 2% reduction in its total workforce and the closure of a number of factories, and also revised its annual growth forecast downwards.

Once a minor player in the sport apparel and footwear industry, Under Armour took centre stage following the ascendancy of planetary basketball star Stephen Curry.

The brand rode the athleisure wave attracting a whole new customer segment, but its main rivals Nike and Adidas appear to have made up for lost ground, thanks especially to their products and promotional activity targeting Millennials.

Under Armour was founded in 1996, and it is now pinning its hopes on the UAS (Under Armour Sportwear) label, designed by one of the emerging names in fashion, Belgian Tim Coppens, in order for its sales to find new impetus.

Copyright © 2021 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.