All articles tagged with #under armour
Originally Published 8 days ago — by Seeking Alpha
This week saw notable insider trading activity in companies like Nike, Under Armour, and Broadcom, despite the holiday-shortened week and market closures for New Year.
Originally Published 1 year ago — by NavySports.com
Navy Athletics and Under Armour have unveiled the 2024 Army-Navy game uniform, which honors the Jolly Rogers, a historic and renowned squadron in Naval Aviation. The uniform, featuring design elements inspired by the Jolly Rogers' aircraft, will be worn during the 125th Army-Navy Game on December 14, 2024. The Jolly Rogers, known for their lethal combat history and iconic Skull and Crossbones insignia, have been a symbol of excellence in the Navy since 1943. This is the second time the Navy football team has paid tribute to the Jolly Rogers, with the first being in 1962.
Originally Published 1 year ago — by AL.com
Auburn University has officially announced a new 10-year partnership with Nike, ending an 18-year relationship with Under Armour. The transition will see Nike's branding on Auburn's athletic uniforms starting in July 2025, following the expiration of their current deal with Under Armour. Athletic director John Cohen emphasized the importance of athlete input in the decision-making process and expressed gratitude to Under Armour for their longstanding partnership.
Originally Published 1 year ago — by Yahoo Finance
Under Armour founder Kevin Plank has returned as CEO, replacing outgoing CEO Stephanie Linnartz, despite signs of progress on the company's turnaround under her leadership. Plank's checkered resume for driving cultural excellence and missing key consumer trends raises concerns about his ability to lead the company into the next decade. Linnartz had been aggressively rebuilding the company's culture and making strategic hires to revitalize the brand, but now faces an unexpected departure. Plank's return raises questions about the company's future direction and the potential impact on its performance and market position.
Originally Published 1 year ago — by Front Office Sports
Under Armour has brought back founder Kevin Plank as president and CEO amidst industry challenges, including a 70% stock decline and lowered revenue outlook. The company faces struggles in maintaining brand affinity and has had various setbacks, leading to investor skepticism. In contrast, Dick’s Sporting Goods reported strong sales and earnings, with its House of Sport stores driving growth, in a positive exception to the industry trend.
Originally Published 1 year ago — by CNBC
Under Armour's shares plunged 12% after announcing that founder Kevin Plank will return as CEO, replacing Stephanie Linnartz who had been in the role for barely a year. Wall Street analysts downgraded the company and expressed concerns about the leadership changes, with some questioning the company's strategy and future prospects. The retail industry is facing challenges such as soft demand in North America and cautious wholesale orders, impacting companies like Under Armour. The brand's frequent leadership changes and strategic shifts have led to confusion among consumers and wholesale partners, making it difficult to rebuild the business.
Originally Published 1 year ago — by Fortune
Under Armour's CEO Stephanie Linnartz is being replaced by founder Kevin Plank after her bet on a turnaround job at the struggling sportswear company backfired. Linnartz, a respected executive, faced challenges including slowing growth, a plummeting share price, and a founder unwilling to relinquish control. Her departure highlights the difficulties faced by ambitious women CEOs working to fix problems created by predecessors or founders, and raises questions about gender dynamics in corporate leadership.
Originally Published 1 year ago — by Yahoo Finance
Under Armour founder Kevin Plank has replaced Stephanie Linnartz as CEO, with analysts expressing surprise at the move. Plank, who previously faced operational mishaps during his tenure, now has "a lot to prove" as he reassumes the CEO position. The company's stock is under pressure following the leadership shake-up, with uncertainty surrounding Plank's strategic direction and a lack of trust in his leadership.
Originally Published 1 year ago — by Fast Company
Under Armour's founder, Kevin Plank, has replaced CEO Stephanie Linnartz after just 13 months, taking back the reins despite stepping down in 2020. Linnartz, a former Marriott executive, had plans to revitalize the struggling athleticwear company by focusing on athleisure and expanding its retail footprint. However, she was let go before her vision could come to life. Plank's return raises questions about the company's future, especially given its previous scandals and stalled sales.
Originally Published 1 year ago — by Yahoo Finance
Robinhood's shares surge as assets under custody reach nearly $120 billion, while Fisker's stock plunges amid reports of potential bankruptcy filing. Under Armour announces founder Kevin Plank's return as CEO, replacing Stephanie Linnartz, and appoints Mohamed El-Erian as non-executive board chair. Yahoo Finance's trending tickers include Dogecoin, PayPal, and US Steel, with key guests discussing market trends throughout the day.
Originally Published 1 year ago — by Fortune
Under Armour's founder Kevin Plank is returning as CEO, ending Stephanie Linnartz's three-year turnaround plan after just over a year. Linnartz, who took over the struggling sportswear chain in 2023, will be leaving the CEO role at the end of this month. Plank, who first stepped down in 2020, will become the company's fourth CEO in four years. The abrupt CEO change comes as Under Armour continues to face challenges in revenue and brand identity, while Plank's continued presence and the company's political and personal controversies remain ongoing concerns.
Originally Published 1 year ago — by New York Post
Under Armour's shares surged 6% after the announcement that founder Kevin Plank will return as CEO, replacing Stephanie Linnartz, effective April 1. Plank, who founded the company in 1996 and previously served as CEO until 2019, had been serving as the executive chair and brand chief since January 2020.
Originally Published 1 year ago — by CNBC
Under Armour announced that founder Kevin Plank will return as CEO, replacing Stephanie Linnartz who had taken over just over a year ago. Linnartz will stay on as an advisor through April, and Mohamed El-Erian will take over as board chair. Plank, who stepped down as CEO four years ago, will continue as a director on the board. Linnartz, with a background in hospitality, was chosen for her experience in digital sales and loyalty programs. Plank thanked Linnartz for her contributions, while Linnartz expressed pride in the progress made during her tenure.
Originally Published 1 year ago — by New York Post
Amid MLB's uniform controversy with Nike's design and production, Under Armour posted a picture of a player wearing its baseball pants with the caption "We got you covered," in response to complaints about see-through pants and discomfort with the new uniforms. MLB issued a statement clarifying that the pants have the same material and thickness as last season, but some players remain displeased. Under Armour's post comes after the company chose to save $50 million in 2018, allowing Nike to take over the deal to make MLB uniforms.
Originally Published 2 years ago — by Fortune
Stephanie Linnartz, former president of Marriott, has taken on the role of CEO at struggling sportswear company Under Armour. Linnartz, who was passed over for the CEO position at Marriott, believes in taking calculated risks and saw the opportunity at Under Armour as a chance to prove herself. The company has faced challenges in recent years, including stagnant growth and a decline in share price. Linnartz aims to implement a three-year turnaround plan, expand the brand's presence in athleisure and female-focused clothing, and build stronger connections with customers. Despite the difficulties, Linnartz remains optimistic about the potential for success at Under Armour.