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BUSINESS
By Chris Korman, The Baltimore Sun | July 8, 2013
Because investors want to see growth, much of the talk surrounding Under Armour in the first half of the year focused on areas like women's gear and non-cleat footwear. The company's share of those arenas is still minuscule, its marketing efforts still in nascent stages. But Under Armour knows not to stray too far from the sport -- and the feel -- that helped it grow into a $2 billion a year enterprise. It also knew whose influence it wanted to infuse any new football campaign with: former Ravens linebacker Ray Lewis.
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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.
SPORTS
By Bill Ordine and Bill Ordine,bill.ordine@baltsun.com | April 21, 2009
Two of the best-known sports brands in Maryland - Ripken Baseball Inc. and Under Armour - are forming a business alliance that will be unveiled at a news conference Wednesday at the Sports Legends Museum at Camden Yards. Ripken Baseball is a marketing and sales company headed by Orioles Hall of Famer Cal Ripken Jr. Under Armour is a global sports apparel and equipment company whose chief executive officer, Kevin Plank, is a former University of Maryland football player. While details of Wednesday's announcement were not disclosed, sources familiar with the new partnership said Under Armour will have a substantial presence at Ripken's baseball properties, which include three minor league franchises, in Aberdeen, Augusta, Ga., and Port Charlotte, Fla., and perhaps more importantly, at two youth training facilities in Aberdeen and Myrtle Beach, S.C. The Under Armour brand is particularly appealing to the youth market, the source said.
SPORTS
By Mike Klingaman and Mike Klingaman,mike.klingaman@baltsun.com | April 23, 2009
A baseball legend shook hands Wednesday with an athlete-turned-clothier, sealing a business deal they hope will benefit both. Cal Ripken Jr., the Orioles Hall of Famer who heads the marketing firm that bears his name, announced a five-year partnership with Under Armour Inc., the Baltimore-based performance apparel giant run by Kevin A. Plank, a former football player at the University of Maryland. Under Armour will outfit the minor league Aberdeen IronBirds as well as the 10 domestic teams taking part in the Cal Ripken World Series this summer.
BUSINESS
By Andrea K. Walker and Andrea K. Walker,Sun reporter | February 29, 2008
Sports apparel company Under Armour named its first chief operating officer yesterday -- another step in its transformation from a startup that began in the basement of founder Kevin Plank's grandmother's house to a fast-growing company with aspirations to be a major player. The company announced that Wayne Marino, who had been chief financial officer, is assuming the COO title with responsibility for leading operational, financial, administrative and strategic planning functions. Brad Dickerson was promoted from vice president of accounting and finance to chief financial officer.
BUSINESS
By Andrea K. Walker and Andrea K. Walker,Sun reporter | May 9, 2007
Sports highlights blared from the big-screen television to the tune of hip-hop beats at the Inner Harbor's ESPN Zone yesterday morning. But the 100 or so men and women watching from leather lounge chairs, seats at the bar and restaurant tables were there for the annual shareholders' meeting of Under Armour - not to catch up on the night-before scores. Baltimore-based Under Armour has done what few thought possible, carving a niche in the crowded sportswear market with its gear that wicks sweat from the body to control temperature.
BUSINESS
By Andrea K. Walker and Andrea K. Walker,Sun reporter | May 30, 2008
As if on an autumn Sunday, the investors made their way through the dark, dank bowels of M&T Bank Stadium, concrete walls all around them. They wore the team uniform: button-down shirts and khaki pants or dark suits. Waiting in the locker room was Under Armour Chief Executive Officer Kevin A. Plank and his team of executives, welcoming the investors into the world of the athlete. "When you walked in you noticed the authentic smell," Plank told the 90 people in attendance yesterday at the Baltimore company's first Investor Day, as the investors tapped on computers and scribbled notes rather than going over football plays.
BUSINESS
By Chris Korman | December 10, 2012
The Cal Ripken Sr. Foundation will honor Muhammad Ali and Under Armour at its annual Aspire Gala on Feb. 22, 2013 at the Waterfront Marriott, the group announced Monday. Ali and his wife, Lonnie, will be presented with the Aspire Award. Founder and CEO Kevin Plank will accept the same award on behalf of Under Armour. Robbie Callaway, former chairman of the Ripken board, will receive the Cal Sr. Award. All are being honored for their dedication to community service. Ali's humanitarian efforts are -- or should be -- well known to just about every sports fan. A news release from the foundation lauds his and Lonnie's work with soup kitchens, hospitals, the Make-A-Wish Foundation and the Special Olympics.
BUSINESS
By Chris Korman | January 31, 2013
Baltimore-based apparel manufacturer Under Armour announced fourth-quarter profits of $506 million, representing a 25 percent increase from the same period in 2011. The company also announced its full-year revenues of $1.835 billion represented a 25 percent increase, year over year. "We closed 2012 strongly, delivering net revenue growth of at least 20% for the eleventh consecutive quarter in Q4 by building upon key apparel technology platforms like Storm Fleece and Charged Cotton," Under Armour founder and CEO Kevin Plank said in a statement.
BUSINESS
By Andrea K. Walker, The Baltimore Sun | March 1, 2011
Under Armour CEO Kevin Plank quickly built a sports apparel empire that went public in less than a decade. But when the Baltimore business mogul launched cross-training and running shoe lines a few years ago, he hit a speed bump. The shoes flopped with some consumers and ended up on clearance racks across the country. Now Plank's company is hoping to make a footwear comeback after what he called a "reset" period. Under Armour spent months cleaning house. The company replaced the footwear team, redesigned shoes and switched marketing strategies.
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