“I just want to make it very […] Looking into 2021, Bergman said Under Armour plans to continue to pull back on promotions and discounts to better support a premium brand positioning. to $540 million, driven by continued growth in ecommerce. If you’re still in two minds about under armour and are thinking about choosing a similar product, AliExpress is a great place to compare prices and sellers. Under Armour President and CEO Patrik Frisk said the brand is “focused on prudent marketplace management and working proactively to ensure that we show up in distribution that is brand right profitable and capable of elevating the Under Armor brand with ‘Focus Performers’.”. Revenue in the third quarter ended September 30 was flat at $1.4 billion. decreased 7% to $830 million, and DTC revenue increased 17% Sign Up for emails and get FREE SHIPPING on your next order. Every day you’ll find new, online-only offers, store discounts and the opportunity to save even more by collecting coupons. From MyFitnessPal’s perspective, this move provides an excellent home for the brand and its passionate teammates with a new owner who will holistically focus on driving that business going forward.”, Under Armour will continue to own the MapMyFitness platform, which includes MapMyRun and MapMyRide. Sort by. The world’s greatest performance gear & accessories for everyone on your team. And, as most of our sellers offer free shipping – we think you’ll agree that you’re getting this under armour at one of the best prices online. If you want to avail top deals on Basketball Shoes, Sports Shoes, Shoes & Accessories, then DHgate is the right destination for you. Additionally, the Bergman said gross margins were “significantly better than expected” due to considerably less discounting and markdowns than initially anticipated. Contact us for more information. CUSTOMIZED WITH YOUR LOGO. The move takes a page from Nike’s approach to reduce the brand’s distribution to undifferentiated accounts as it shifts more towards a digital focus. Armour joins other apparel brands, including Nike, in shifting toward Great news!!!You’re in the right place for under armour. SG&A expense was relatively unchanged from the prior year at $554 million. Everything’s in one place. Those items were partially offset by about 60 basis points of supply chain benefits primarily due to product costing improvements and in 60 basis points of positive channel mix due to lower off-price and higher DTC sales. Apparel revenue decreased 6 percent to $927 million primarily due to declines in its team sports and train categories. Excluding the impact of restructuring and impairment charges, adjusted operating income was $133 million, representing a decline of 4.2 percent. Operating income was $59 million, down from $138.9 million a year ago. International revenue increased 18 percent (up 17 percent currency-neutral) to $433 million. After all, Under Armour is never cheaply made and these are the same performance t-shirts, shoes, hats, socks, and other UA garments that typically sell for 6 or 7 times what you can buy them for here. per page. Customized shirts, hoodies, hats and more. DTC distribution. As of September 30, about 80 percent of locations in Latin America where the brand is sold had reopened. You may later unsubscribe. Get a jump on the holidays—shop gifts now. Connected Fitness To Be Sold For $345 Million You may later unsubscribe. incredibly important to state. In short, you don’t have to take our word for it – just listen to our millions of happy customers. All you need to do is upload it. Think how jealous you’re friends will be when you tell them you got your under armour on AliExpress. Under Armour and Merchology have teamed up. Plans To Reduce Up To 3,000 North American Wholesale Accounts Contact us for more information. New developments include plans to sell MyFitnessPal and exit certain undifferentiated wholesale distribution, primarily in North America, starting next year. Deals like these just don't come along very often, and then they do, they don't last — they can't last. By continuing to use AliExpress you accept our use of cookies (view more on our Privacy Policy). Wall Street’s consensus target had been 3 cents. 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. Inside The Call: Under Armour To Shrink Wholesale As Turnaround Gains Traction Posted by SGB Media | Oct 30, 2020 | Feature , SGB Executive U nder Armour reported third-quarter results that far exceeded expectations with the aid of strength in footwear and women’s, provided a rosier outlook for the holiday quarter and said it’s on track to deliver slightly positive EPS in 2021. Under Armour will jump ship from between 2,000 and 3,000 wholesale partnerships in the next few years. Brands are seeking more control over product distribution as All you need to do is upload it. Wholesale Priced Clothing, Up to 60% Off Retail. Under Armour plans to overhaul its wholesale partnerships, exiting between 2,000 and 3,000 stores in North America, according to company executives on a recent earnings call. Whether you’re looking for high-end labels or cheap, economy bulk purchases, we guarantee that it’s here on AliExpress. How Smaller Assortments, Lower Inventory Levels Can Maximize Post-COVID Success, Chartwells Debuts Checkout-Free C-Store at University of Houston, Walmart Wireless Partner’s Motivational ‘Secret Sauce’: On-Demand Pay Services for Employees, Harris Poll Survey Forecasts Consumer Spending Rebound in Q4 and 2021, AWS Q&A: How Retailers can Prepare Ecommerce Operations for COVID-Driven Uncertainty. 11/2/2020. Get your corporate or non-profit logo embroidered or screen-printed on everything you need. Wholesale revenue 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. Rush orders available. said Frisk in a statement. “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. FREE SHIPPING available on all UA Deals in the USA. Every store and seller is rated for customer service, price and quality by real customers. for Q3 compared to the same period last year. The brand’s earnings gave us a taste of what could come with the reshuffling. Wholesale revenue decreased 7 percent to $830 million, primarily due to lower sales in North America although better than previous expectations due to higher than expected customer demand. All Rights Reserved. Plus you can find out the store or individual seller ratings, as well as compare prices, shipping and discount offers on the same product by reading comments and reviews left by users. Sign up for emails and get FREE SHIPPING on your next order. Licensing revenue was down 15 percent driven primarily tied to its licensed business in North America. “I Under Armour’s e-comm biz grew 50+% during the quarter, and its DTC revenue ticked up 17% year over year. And, if you just want to treat yourself and splash out on the most expensive version, AliExpress will always make sure you can get the best price for your money, even letting you know when you’ll be better off waiting for a promotion to start, and the savings you can expect to make.AliExpress takes pride in making sure that you always have an informed choice when you buy from one of hundreds of stores and sellers on our platform. Through the third quarter, the company has recognized $550 million of restructuring and impairment charges consisting of $410 million in restructuring and related impairment charges and $140 million from impairments of long-lived assets and goodwill. © 2020 Emerald X, LLC. EMEA revenue was up 31 percent (up 26 percent currency-neutral), driven by growth in wholesale as some shipments with distributors shifted from Q2 into Q3 due to the impacts of COVID-19. Please enable JavaScript in your browser’s settings to experience this website’s full capabilities. 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. Address:777 Terrace Ave, Suite 202Hasbrouck Heights, NJ 07604.