Get your corporate or non-profit logo embroidered or screen-printed on everything you need. for Q3 compared to the same period last year. On the distribution changes, Under Armour officials, on a conference call with analysts, said the brand, over the next couple of years, expects to reduce its overall distribution points in North America, its largest region, by about 2,000-to-3000 doors to reach about 10,000 doors, representing a decline between 17 percent and 23 percent. The Endomondo platform, acquired at the same time for $85 million, will be wound down by the close of this year. Gross margin decreased 40 basis points to 47.9 percent, due to 130 basis points of negative impact from COVID-19-related pricing and discounting and about 20 basis points of negative impact related to product mix due to higher sales of footwear. decreased 7% to $830 million, and DTC revenue increased 17% DTC distribution. Under Armour Inc® seeks consent for itself and Under Armour Canada ULC. Every day you’ll find new, online-only offers, store discounts and the opportunity to save even more by collecting coupons. Bergman said the improved outlook reflects “the more robust consumer demand trends we experienced in the third quarter that has continued into October.”. Under Armour today reported a 17% lift in direct-to-consumer sales in its third quarter as shoppers bought direct from the sportswear brand. On AliExpress, great quality, price and service comes as standard – every time. “I just want to make it very […] Retailers of all sizes will be affected, Frisk said. Every store and seller is rated for customer service, price and quality by real customers. Licensing revenue was down 15 percent driven primarily tied to its licensed business in North America. By continuing to use AliExpress you accept our use of cookies (view more on our Privacy Policy). Under Armour will jump ship from between 2,000 and 3,000 wholesale partnerships in the next few years. Apparel revenue decreased 6 percent to $927 million primarily due to declines in its team sports and train categories. Sign Up for emails and get FREE SHIPPING on your next order. Get a jump on the holidays—shop gifts now. Wholesale Priced Clothing, For Everyone. DTC revenue increased 17 percent to $540 million, driven by continued strong growth in e-commerce. Armour President and CEO Patrik Frisk said on the call. For the fourth-quarter, UA expects revenue to decline at a low-teen percentage rate, far better than expectations for declines in the range of 20 percent to 25 percent projected when reporting second-quarter results. View as Grid List. FREE SHIPPING available on all UA Deals in the USA. Asia-Pacific revenues increased 15 percent (up 16 percent currency-neutral), driven by growth in both wholesale and DTC. Under Armour Inc® seeks consent for itself and Under Armour Canada ULC. You may later unsubscribe. The beat was attributed to higher-than-anticipated demand across wholesale and DTC channels. SG&A expense was relatively unchanged from the prior year at $554 million. Bags (show filters) Under Armour. All Rights Reserved. Deals like these just don't come along very often, and then they do, they don't last — they can't last. Are you sure you want to remove this item? Under Armour and Merchology have teamed up. Wholesale revenue with the deal expected to close in Q4. under armor best buy guaranteed! Polos. Frisk highlighted that the connected footwear platform, a few weeks ago, surpassed one million pairs of shoes that have been connected to the MapMyRun app. Gross Margins Significantly Better Than Expected Plus, get FREE RETURNS every day. Everything’s in one place. Said the CEO, “This is an accomplishment that we are incredibly proud of as we dive deeper into the intersection of data connectivity, product and experiences.”. Plus, get FREE RETURNS every day. Under Armour Inc® seeks consent for itself and Under Armour Canada ULC. Including armor, under armor at wholesale prices, and view under armor and 9 under armor reviews from other customers. By providing your email, you agree to the. “MyFitnessPal has an impressive record of innovation and strong user growth that has enabled it to sustain its leadership position and scale as one of the world’s most popular food and fitness tracking apps,” said Frisk. Wholesale Priced Clothing, Up to 60% Off Retail. incredibly important to state. Up to 60% Off Retail! The brand expects to be in approximately 10,000 stores by the end of 2022 as it shifts its toward direct-to-consumer (DTC) channels. In short, you don’t have to take our word for it – just listen to our millions of happy customers.
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