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By Andrea K. Walker | andrea.walker@baltsun.com and Under Armour: Quarterly earnings rise due to strong apparel sales | January 28, 2010
Sports apparel maker Under Armour said Thursday that quarterly earnings rose because of strong apparel sales. The Baltimore company reported net income of $15.2 million for the fourth quarter ended Dec. 31. That was compared to $8.3 million for the same period a year ago. Revenue increased 24 percent to $222.2 million. "Our strong apparel growth in the fourth quarter are great evidence that our brand is resonating with new customers," said Chairman and CEO Kevin Plank.
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BUSINESS
By Lorraine Mirabella, The Baltimore Sun | April 24, 2014
Under Armour saw profit and sales soar in the first quarter, beating analysts' estimates, but the market punished the athletic wear brand's stock, which fell more than 7 percent on Thursday. The Baltimore-based apparel maker attributed its strong performance in the quarter ended March 31 to demand for its "performance-based" athletic gear, the brand's appeal among youth and the growing success of its forays into outfitting hunting and fishing enthusiasts. "We are off to a great start in 2014 driven by broad-based strength across our apparel, footwear, and international growth drivers," founder and CEO Kevin Plank said in a statement.
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NEWS
by Carson Porter | March 21, 2011
Get $10 off a $25 purchase either online or in store. Valid on all women's apparel, accessories, & shoes (sorry guys). Click here to print out your coupon if you want to buy in store. Or, visit jcp.com and use promo code 8DM8SAVE. Valid through March 26th.
SPORTS
By Jeff Barker and The Baltimore Sun | April 6, 2014
NASHVILLE, Tenn. -- It was easy to find Maryland fans inside Bridgestone Arena and on the streets outside. The arena is located in a downtown tourist area filled with restaurants and bars, many featuring live country music. The Terps wear four colors -- red, white, black and gold -- but the traveling fans favor red apparel. It is the color most associated with the school, and there were splashes of Maryland red all around the arena, which seats about 20,000. Notre Dame has made four consecutive Final Four appearances, and Connecticut, which was playing in Sunday night's late game, has been to seven straight.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | April 24, 2014
Under Armour saw profit and sales soar in the first quarter, beating analysts' estimates, but the market punished the athletic wear brand's stock, which fell more than 7 percent on Thursday. The Baltimore-based apparel maker attributed its strong performance in the quarter ended March 31 to demand for its "performance-based" athletic gear, the brand's appeal among youth and the growing success of its forays into outfitting hunting and fishing enthusiasts. "We are off to a great start in 2014 driven by broad-based strength across our apparel, footwear, and international growth drivers," founder and CEO Kevin Plank said in a statement.
BUSINESS
Lorraine Mirabella | May 28, 2013
Men's apparel retailer Destination XL opened a new store in Towson today, catering to men who wear extra large sizes. The store in Yorkridge Center, at 815 Goucher Boulevard, will sell more than 100 brands in sizes XL and up, including private label and designer names such as Lacoste, Michael Kors, DKNY Jeans, Lucky Brand Jeans and Robert Graham. The retailer says there's plenty of demand. Half the men in the U.S. have a waist size of 40 inches or greater, according to the U.S. Census Bureau.
NEWS
November 3, 1999
The rebirth of Harundale Mall will take a major step forward tomorrow with the opening of A. J. Wright, a discount apparel and linens store launched last year by a national retail chain.Harundale, the first enclosed shopping mall on the East Coast, had been in decline for a decade before it was largely demolished earlier this year -- leaving only the Value City discount department store.The demolition made way for a $20 million project by Manekin Corp., to replace the old mall with a retail strip center, Harundale Plaza.
BUSINESS
By Andrea K. Walker and Andrea K. Walker,andrea.walker@baltsun.com | October 29, 2008
Under Armour's appeal is such that people are still springing for $55 compression shirts in the middle of a recession. But even that loyalty may have its limits. The Baltimore sports apparel company announced continued growth in third-quarter sales and profit yesterday even as consumers cut back on most spending. Most importantly, it managed to maintain a gross profit margin of more than 50 percent, meaning that shoppers are still willing to pay full price for its merchandise. The average selling price of its product grew in the "single digits" during the quarter, according to the company.
NEWS
By NEW YORK TIMES NEWS SERVICE | December 3, 2000
An arm of the Pentagon has come under fire for procuring large quantities of apparel from a Nicaraguan factory that labor rights groups say is a sweatshop and about which the U.S. trade representative has voiced serious concerns. Several members of Congress say it is wrong for the Pentagon agency, which runs 1,400 stores at military bases and made $7.3 billion in sales last year, to obtain apparel from the Chentex factory, which a Nicaraguan union has accused of firing more than 150 union supporters.
SPORTS
By Lisa Dillman and Lisa Dillman,Tribune Newspapers | July 25, 2009
ROME - -Newly introduced swimsuits that Michael Phelps and other swimmers wore during the Beijing Olympics won't be legal come 2010, but that's not something the gold-medal winner is concerned with now that the sport's governing body voted Friday to ban the high-tech apparel. After two years in which rapidly changing technology helped swim apparel dominate the sport almost as much as Phelps, FINA banned controversial full-body suits, including some versions of Speedo's groundbreaking LZR Racer, which was designed with help from NASA.
SPORTS
By Jeff Zrebiec, The Baltimore Sun | March 30, 2014
Ravens coach John Harbaugh spent his Sunday afternoon at Madison Square Garden , taking in the Elite Eight matchup between Michigan State and Connecticut . The Huskies eventually won, 60-54. That wasn't necessarily surprising as Harbaugh is a big college basketball fan. What was a surprise -- at least to one member of his sports family -- was the team he was seemingly supporting. Harbaugh, seated next to Ravens assistant head coach and special teams coordinator Jerry Rosburg , was wearing a Michigan State hat and watched the game from a section that included former Spartans standouts Magic Johnson and Mateen Cleaves . Harbaugh was shown several times by the CBS cameras during the game.
BUSINESS
Lorraine Mirabella | March 12, 2014
Under Armour is launching sales in Brazil, part of the Baltimore-based sports apparel maker's goal of spreading the brand globally. Under Armour apparel and footwear will be sold in more than 70 locations or e-commerce hubs, the company said. The initiative was announced in Sao Paulo by founder and CEO Kevin Plank, who was joined by Under Armour athletes Ironman World Champion Chris McCormack and Mixed Martial Arts champion Georges St-Pierre.  "Launching the Under Armour brand in Brazil is another critical step towards reaching our international expansion goals and driving our continued growth throughout the world," Plank said in the announcement.
BUSINESS
By Lorraine Mirabella and Nayana Davis, The Baltimore Sun | February 21, 2014
Under Armour acted swiftly to move beyond the controversy over whether the brand's high-tech skinsuits were responsible for U.S. speedskaters' lackluster run at the Sochi Olympics. The Baltimore sports apparel maker renewed its sponsorship of US Speedskating through two more Winter Olympics in a deal announced Friday. "We want to make a big statement of coming back and saying we're going to put an eight-year commitment for two more Olympics to have athletes wearing and competing in Under Armour and hopefully winning lots and lots of medals," Under Armour founder and CEO Kevin Plank told CNN on Friday.
NEWS
Dan Rodricks | February 15, 2014
What are the lessons from the flap over Under Armour's Mach 39 speed skater suit and its supposed connection to the U.S. team's poor early showing at the Winter Olympics? Walk with me, let's talk. If you follow flaps — and who doesn't? — you know that some American speed skaters suggested that the new super-suits were not so super. In fact, some thought the suits were a real drag. The Mach 39 has an oval-shaped mesh vent on the back to relieve skaters of body heat, and that appears to be why, late last week, there was a lot of sturm und drang from Sochi.
BUSINESS
Lorraine Mirabella | February 11, 2014
Under Armour and Nike Inc. have agreed to settle a trademark infringement lawsuit in which the Baltimore-based sports apparel brand accused its rival of illegally using versions of the "I Will" slogan. "The litigation has been resolved on a confidential and mutually agreeable basis," Under Armour said in a statement Tuesday. UPDATE: Nike spokeswoman Mary Remuzzi issued the same statement and said the company had no further comment. An order approved Monday by Judge Ellen L. Hollander in U.S. District Court in Baltimore dismisses the Feb. 21 complaint.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | January 31, 2014
When they race this month at the Olympics, U.S. speedskaters will suit up in skin-tight, high-tech uniforms that research shows could make a measurable difference in their speed. In a quest to create the world's fastest suit for the 2014 Winter Olympics in Sochi, Russia, two iconic Maryland companies, Under Armour and Lockheed Martin, created a unique collaboration. Already a supplier for the team, Baltimore's hometown sports apparel brand turned to the Bethesda-based defense and aerospace giant to help it fashion the most aerodynamic suit possible, using computer modeling based on filming the athletes and hundreds of hours of wind tunnel testing.
BUSINESS
By Andrea K. Walker and Andrea K. Walker,SUN REPORTER | October 31, 2007
Warm weather left most retailers with racks full of clothing at the end of the third quarter, but sports apparel company Under Armour saw its business climb. The Baltimore company, which makes clothes that wick sweat from the body to control temperature, reported yesterday strong sales and earnings for the three months that ended in September, widely beating Wall Street expectations. Under Armour Inc. recorded sales growth in all categories of its core compression market. And it was helped by newer products, such as outdoor wear and golf apparel.
BUSINESS
By JAMIE SMITH HOPKINS AND LAURA SMITHERMAN and JAMIE SMITH HOPKINS AND LAURA SMITHERMAN,SUN REPORTERS | December 31, 2005
The best-performing Maryland stock of the year traded for precisely six weeks of it. Under Armour Inc., the Baltimore sports apparel company that went public Nov. 18, topped all local companies on the three major stock exchanges by tripling its share price from the initial offering price of $13 - though the gain was far lower for investors who got in after the start of trading. Goodbye 2005 Year-end stock tables for NYSE, American, Nasdaq, mutual funds.pg 12c-17c
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | January 30, 2014
Under Armour finished 2013 with "eye-popping" quarterly results that beat sales and profit expectations and sent its stock price surging Thursday nearly $20 a share to over $100. Shares in the Baltimore-based apparel and footwear brand rose $19.54 each — about 23 percent — to close at $104.76. Under Armour's profit jumped 28 percent in the fourth quarter, with strong sales driven by the growing popularity of the brand's cold-weather sports apparel and gains in women's apparel business.
BUSINESS
By Natalie Sherman, The Baltimore Sun | January 21, 2014
Under Armour's house just got a lot bigger. The Baltimore-based sports apparel company announced Tuesday that it has signed the University of Notre Dame, one of the nation's most popular college football programs, to a 10-year exclusive deal to design and supply clothing, footwear and equipment for all of the school's men's and women's varsity teams. The deal, which Notre Dame called the largest ever in college football, comes a day after Under Armour's headquarters in Locust Point was decorated with banners welcoming Texas A&M quarterback Johnny Manziel to its house.
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