Tuesday September 22, 2020

Under Armour brand nipping at heels of Nike

Sportswear company is no longer an underdog

3rd January, 2016
Under Armour celebrates two decades in existence this year

Sportswear company Under Armour will celebrate its 20th birthday in 2016, and looks set to challenge rivals Nike. After enjoying its first billion-dollar quarter in 2015, Under Armour is no longer an underdog, and expects to hit annual revenues of $7.5 billion by 2018.

“Our scoreboard in the third quarter not only marked our 22nd straight quarter of at least 20 per cent net revenue growth, but also our first $1 billion quarter. Our ongoing success in 2015 has...

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