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By John-John Williams IV, The Baltimore Sun | June 1, 2011
Bethany Shurer took one look at her drab graduation get-up and knew exactly what it needed — a flashy pair of shoes. The Stevenson University senior's lifeless black robe covered most of her body, leaving her feet as the only place for something sassy. So she added some sparkle: a pair of eye-catching Kenneth Cole rhinestone-studded platforms. She wouldn't just walk across the stage — in those metallic navy pumps, she would shine. "Everyone else was going to be wearing the same thing," said the 23-year-old, who lives in Forest Hill.
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By Lorraine Mirabella, The Baltimore Sun | June 7, 2014
Under Armour, which has wooed consumers with sweat-wicking T-shirts and other innovations, is banking on a new fabric that conforms to the foot like a second skin to help the company break into the crowded athletic shoe market. The Baltimore-based athletic wear maker is promoting its newly developed ClutchFit - a lightweight, stretch material designed to move with the foot without bunching or binding - as one of its latest innovations. And it's betting the technology will revolutionize shoes across multiple sports and pay off in a bigger share of the booming footwear market.
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BUSINESS
Lorraine Mirabella | July 16, 2012
New Under Armour product launches -- the Armour Bra and Spine running shoes -- should help boost the company's financial results in the second quarter and beyond, a report out today by analyst Sam Poser of Sterne Agee says. Baltimore-based Under Armour, which will report second quarter earnings July 24, is also benefiting from strong demand for athletic apparel. That should lead to sales increases of 25 percent for apparel and 40 percent for footwear for the quarter that ended June 30, Poser's report says.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | May 13, 2014
Under Armour CEO Kevin Plank is far from alone in believing the relatively young Baltimore-based company has a shot at becoming the world's biggest sports brand. Among nearly 200 shareholders who crowded into the company's Locust Point headquarters for its annual meeting Tuesday were more than a few who shared the founder's enthusiasm. "The important thing about this company is one word: 'innovative,'" said Frank Altoz, a shareholder from Catonsville. "As long as they keep doing that, the stock will be going up. " Shares of Under Armour have soared 65 percent in the past year.
BUSINESS
By Andrea K. Walker, The Baltimore Sun | February 14, 2011
Under Armour will supply Major League Baseball with footwear beginning this season, the Baltimore sports apparel company announced Monday. Under the deal, Under Armour becomes the official footwear supplier for the league. The company will also be able to use the league logo to market its products in stores and advertising campaigns. Financial details of the agreement were not disclosed. Under Armour already has endorsement deals with several professional baseball players including World Series Champion and 2010 National League Rookie of the Year Buster Posey, Jonathon Papelbon, Ryan Zimmerman, Matt Wieters, Jose Reyes, and Nick Markakis.
BUSINESS
By Andrew Leckey and Andrew Leckey,TRIBUNE MEDIA SERVICES | August 26, 2007
What do you think of my shares of Finish Line Inc.? Will the company's recent acquisition help or hinder it? - F.M., via the Internet Success doesn't always breed success. The giant footwear retailer was successful recently in outmaneuvering rival Foot Locker Inc. to strike a deal to purchase Genesco Inc. for $1.5 billion. This deal, slated to close in the fall, would make its product mix more diversified and upscale, something Foot Locker also was trying to accomplish. Finish Line operates more than 800 Finish Line, Man Alive and Paiva stores.
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.
FEATURES
By New York Times News Service | March 18, 1993
Imagine a cross between a pogo stick and an in-line rollerskate, and you have an Exerloper, a fitness device that takes jogging to new heights.At first glance, an Exerloper looks like a skate. The footwear is made of a molded plastic boot with laces. But underneath the sole, convention gives way to the unexpected.Attached to the bottom of the boot are two elliptically shaped springs of plastic with a tension band sandwiched between them. As you walk or run in the boots, the springs cave together, then bounce apart.
NEWS
By DALLAS MORNING NEWS | July 4, 1998
The collection ranges from strappy leather sandals with ankle ties to more casual slip-ons, but these shoes wouldn't measure up on the runways of Milan -- they're several thousand years out of date.A group of scientists has dated an assortment of prehistoric American shoes that span roughly 7,500 years. They describe the dates for seven of the shoes, saying the oldest shoe was made before 6100 B.C.Archaeologists dug the ancient footwear samples, 18 specimens all, out of Arnold Research Cave in the Missouri River bluffs of central Missouri.
BUSINESS
By Andrea K. Walker and Andrea K. Walker,andrea.walker@baltsun.com | July 29, 2009
Sports apparel company Under Armour is rethinking the pricing and technology of its running shoe as it looks to revamp its footwear strategy and improve sales. Executives at the Baltimore-based company revealed plans for footwear during a conference call Tuesday with analysts to discuss second-quarter earnings. The call came a week after the company announced a shake-up in leadership at its footwear division with the hiring of Gene McCarthy, the head of Timberland. The company said that the push for change was not a sign that the running shoe launch wasn't successful.
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 | April 24, 2014
Under Armourwill open its newest Brand House store -- its largest yet -- today in New York's SoHo district in a building once owned by John Jacob Astor. The Baltimore-based sports apparel maker hopes to attract international tourists and other visitors to the two-level store at 583 Broadway, which is expected to help raise the brand's global profile as well as highlight the fast-growing women's and footwear categories. "It is an enormous strategic play that we believe complements our overall distribution strategy and ultimately will lift all channels of distribution,"  including sales online and through specialty sporting goods stores, said Susie McCabe, Under Armour's vice president of global retail.
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.
SPORTS
By Don Markus, The Baltimore Sun | December 14, 2013
PHILADELPHIA - Navy freshman cornerback Brendon Clements had gained plenty of on-field experience going into his first Army-Navy game, having started for much of his first year in Annapolis. Yet when Clements woke up Saturday morning at the team's hotel, he was more nervous than he had ever been for a college game. The feeling didn't go away after he went to breakfast, nor did it after he a pregame meeting. “I told some of the other players I haven't been nervous all year and I'm nervous now, and we haven't even left for the game yet,” Clements recalled a few hours later.
BUSINESS
Lorraine Mirabella | June 27, 2013
Athletic shoe sales are soaring, at least on the Internet, the NPD Group reported this week. Sales grew 21 percent to $5 billion in the year ending in April compared with the previous year, said NPD, which tracks consumer purchases. Even with the rapid growth, e-commerce sales make up less than one-fifth of the $28 billion U.S. athletic footwear market, in which sales grew 5 percent year over year, the company said. Online sellers have the advantage of offering the bigger assortments that consumers want, NPD said.
BUSINESS
By Chris Korman, The Baltimore Sun | June 5, 2013
Under Armour's Investor Day featured videos set to thumping music, a guest appearance by New England Patriots quarterback Tom Brady and bold promises layered on top of unfettered optimism. Most importantly, though, the event Wednesday at the sports apparel company's Tide Point headquarters answered questions the investment community brought to Baltimore. Analysts, who are invited to the facility only every two years, were eager to more closely investigate the company's merchandise and speak with product developers.
BUSINESS
By BLOOMBERG NEWS | September 18, 1998
BEAVERTON, Ore. -- Nike Inc., the world's top seller of athletic footwear, said yesterday that its first-quarter profit dropped 35 percent, mostly as a result of sluggish sales in Asia, where it will cut 300 positions to reduce costs.Net income fell to $163.8 million, or 56 cents a diluted share, from $253.1 million, or 85 cents, a year earlier. However, lower costs helped Nike beat the 48-cent forecast of analysts surveyed by First Call Corp.Consumer spending in Asian countries has withered as some economies fall into recession and currencies slide in value against the dollar.
NEWS
By Ian Duncan, The Baltimore Sun | March 9, 2013
A man was left shoeless after a gun-toting robber forced him to hand over his Nike Air Max sneakers in the parking lot of an Anne Arundel County mall, police said. Officers headed to Marley Station Mall on Ritchie Highway just before 10 p.m. Friday and found a man who said a teenager brandished a gun and demanded his shoes, police said. He handed them over and the gunman fled, police said. The 16-year-old suspect was tracked down nearby, with the shoes near him, and was identified by the victim, according to police.
BUSINESS
By Chris Korman | April 19, 2013
Under Armour launched a new marketing plan earlier this year, touting its up-and-coming athletes and most innovative products in an intense but short burst they called “a brand holiday.” It appears to have paid off. The Baltimore-based athletic apparel maker delivered better than expected financial results for the three months ended March 31. Under Armour's income of 7 cents per share income topped analysts' consensus estimates of 3...
NEWS
By Ian Duncan, The Baltimore Sun | March 9, 2013
A man was left shoeless after a gun-toting robber forced him to hand over his Nike Air Max sneakers in the parking lot of an Anne Arundel County mall, police said. Officers headed to Marley Station Mall on Ritchie Highway just before 10 p.m. Friday and found a man who said a teenager brandished a gun and demanded his shoes, police said. He handed them over and the gunman fled, police said. The 16-year-old suspect was tracked down nearby, with the shoes near him, and was identified by the victim, according to police.
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