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Under Armour reports increase in revenue, income
Under Armour Inc. saw revenue increase by more than 20 percent for the eighth consecutive quarter, the company reported Friday. First-quarter revenue rose 23 percent, to $384 million, from $313 million in the corresponding quarter last year. The quarter’s net income was $14.6 million, or 28 cents per share, a 21 percent increase from $12.1 […]
Milk does a body good — even when worn
HANNOVER, Germany — Wear Milk? Anke Domaske says why not. The 28-year-old German is the designer of an award-winning new textile made entirely from milk that’s environmentally friendly as well as soothing to people with skin allergies. Called “Qmilch,” it drapes and folds like silk, but can be washed and dried like cotton. The biochemist […]
Baltimore man sentenced for selling counterfeit items
Federal authorities say a Baltimore man has been sentenced to 30 months in prison for selling counterfeit items purportedly made by Louis Vuitton, Prada, Nike and others. Forty-seven-year-old Marvin Johnson was also ordered to forfeit nearly $24,000 in unlawful proceeds at sentencing recently. According to his guilty plea, Johnson sold the counterfeit goods at a […]
Plank: Under Armour’s new goal is $2B in sales by 2013
While it took sports apparel maker Under Armour Inc. 15 years to hit $1 billion in sales, the company aims to double that number by 2013. Under Armour CEO and founder Kevin A. Plank announced Thursday the new goal of reaching $2 billion in sales during an Investor Day meeting at the company’s Tide Point […]
Under Armour 1Q earnings beat expectations, but stock drops
Concerns about short selling triggered a market circuit breaker on shares of Under Armour Inc. Tuesday in heavy trading that saw the sportswear company’s shares drop 11 percent. Despite a strong earnings report, shares of the Baltimore-based company lost $8.83, or 11.25 percent, to close at $69.64 on the New York Stock Exchange. Trading volume […]
Tiger Woods misses cut — and so does Nike
Well, the cut Nike’s missing out on is the cash from sales boosts the company was expecting to see after dressing Tiger Woods in the trendiest of Nike golf gear this weekend. Last week I wrote a post about how apparel companies actually have clothing scripts for some of their top golfers. The idea is, […]
