Under Armour and a Minneapolis-based upscale fitness club chain will open their first co-branded store in May, the Minneapolis Star Tribune reported. Steele Fitness currently operates six personal training, fitness equipment and apparel locations in the...
Sports apparel maker Under Armour Inc. reported a 7 percent gain in second-quarter earnings Tuesday, beating Wall Street estimates as new offerings in women's apparel and footwear helped drive sales increases. Net income increased 7 percent to $7 million, or 6 cents per share, in the quarter that ended June 30, compared with $6 million, or 6 cents per share, in the second quarter of 2011, the Baltimore company said. Earnings per share reflected a two-for-one stock split, the company's first, distributed July 9. The company saw net revenues jump 27 percent to $369 million, compared with revenues of
Basketball shoe marketers such as Adidas, Nike and Foot Locker could lose up to $500 million in sales if the 2011-2012 NBA season is wiped out, says Marshal Cohen, chief industry analyst at the worldwide market research company NPD Group. That's roughly 25 percent of the $2 billion basketball sneaker market, Cohen said.