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From Grandma's Basement To A $5B Empire: Under Armour Founder Shares Inspiring Journey That Made Him A Billionaire In His 30s
Wednesday, November 29, 2023 - 6:30am | 1033Kevin Plank may not ring the same bell as a Bill Gates or the Larry Page-Sergey Brin duo or even a Mark Zuckerberg but the entrepreneurial journey of the founder of Under Armour, Inc. (NYSE:UA) has all the elements of an inspiring tale of building a business from scratch and transforming it into a...
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Under Armour Announces CEO Transition: What Investors Should Know
Wednesday, May 18, 2022 - 5:09pm | 380Shares of apparel and footwear company Under Armour Inc (NYSE: UA) (NYSE: UAA) fell after hours Wednesday on the heels of an announcement the company’s CEO was stepping down. What Happened: Under Armour announced Wednesday that CEO Patrik Frisk is stepping down from his role of CEO, president...
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What's A Wells Notice — And Why Should Under Armour Investors Care?
Monday, July 27, 2020 - 3:11pm | 568Shares of Under Armour Inc (NYSE: UAA) reversed their early morning losses Monday despite being on the receiving end of a warning from U.S. regulators commonly referred to as a Wells notice. What Happened: Under Armour's ex-CEO and current executive chairman Kevin Plank and CFO David Bergman...
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What Mark Parker's Departure And John Donahoe's Arrival Means For Nike, ServiceNow
Wednesday, October 23, 2019 - 2:45pm | 753The footwear industry is undergoing a massive executive shakeup. It began Monday when Adidas AG (ADR) (OTC: ADDYY) CMO Eric Liedtke announced he was stepping down. Liedtke was largely responsible for Adidas’ resurgence in North America and was presumably the company’s next pick for CEO...
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Nike CEO Mark Parker Will Be Replaced By ServiceNow's John Donahoe Next Year
Tuesday, October 22, 2019 - 4:45pm | 251The sportswear industry is seeing a massive executive shakeup. The same day Under Armour Inc (NYSE: UAA) founder Kevin Plank announced he will step down as CEO, Nike Inc's (NYSE: NKE) chairman announced his plan to step down from the same position. Nike CEO Mark Parker will be replaced in 2020...
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Under Armour Founder Kevin Plank To Step Down As CEO
Tuesday, October 22, 2019 - 9:10am | 378Under Armour Inc (NYSE: UAA) said Tuesday in a press release its founder and CEO Kevin Plank will resign and be replaced with current COO and President Patrik Frisk. What Happened Plank served as CEO and Chairman since creating Under Armour in 1996 from his grandmother's basement and will step...
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Under Armour CEO: 'We're Doing The Right Things In The Right Markets'
Thursday, May 9, 2019 - 4:19pm | 474Athletic apparel and footwear company Under Armour Inc (NYSE: UAA) is nearing the end of a three-year-long transformation, and the company is now ready to take the next steps, CEO Kevin Plank told CNBC's Jim Cramer Wednesday. What Happened Under Armour's four biggest priorities are...
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Under Armour Slides After Five-Year Plan Fails To Excite Investors
Thursday, December 13, 2018 - 2:16pm | 826Under Armour Inc (NYSE: UAA) shares took a nosedive Wednesday after the highly anticipated five-year plan unveiled at its Investor Day meeting failed to impress investors. CEO Kevin Plank introduced the company’s 2023 strategic growth plan at the meeting and said it was designed around two...
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Under Armour Posts Largest Share Gain In 10 Years After Q3 Beat
Tuesday, October 30, 2018 - 4:57pm | 512Under Armour Inc (NYSE: UAA) shares gained 27.71 percent to $23.23 Tuesday after the apparel maker reported a big third-quarter earnings beat. What Happened The Baltimore-based athletic apparel brand reported Q3 earnings of 25 cents per share, beating estimates by 12 cents. Under Armour sales...
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What The Kaepernick Campaign Means For Nike
Tuesday, September 4, 2018 - 4:52pm | 889Nike Inc (NYSE: NKE)'s decision to enlist Colin Kaepernick among others in a powerful advertising campaign has captivated many. Both #Nike and #BoycottNike were trending by Tuesday morning. Some called it one of the most controversial decisions Nike has ever made, a bold claim for a...
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4 Best-Dressed CEOs In America
Monday, July 9, 2018 - 12:33pm | 638Some CEOs don't just run their companies - they also look good while doing it. While some executives may put fashion on the back burner, these four best-dressed CEOs in the United States take their fashion game to the next level while sporting designer threads and head-to-toe looks. The...
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Under Armour's Existential Crisis: Niche Player Or Global Competitor?
Wednesday, May 2, 2018 - 11:46am | 922Under Armour Inc (NYSE: UAA) reported a first-quarter earnings and sales beat Tuesday, but it wasn't enough to prop up the struggling athletic apparel brand's stock. Sales for the Baltimore-based company came in at $1.2 billion, beating estimates by $100 million. Earnings came in flat and...
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Under Armour CEO Explains Why 2018 Will Be The Most Important Year For The Brand
Thursday, March 1, 2018 - 4:27pm | 442Under Armour Inc (NYSE: UAA)'s stock, down more than 20 percent year-over-year, has seen better days. But the past can remain in the past, and 2018 is set to be the most important "chapter" in the company's 22-year history, said its founding CEO Kevin Plank. What Happened...
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Under Armour Shares Soaring On International Sales Growth
Tuesday, February 13, 2018 - 3:15pm | 646Under Armour Inc (NYSE: UAA) has certainly suffered some hardships over since its peak in 2015, but its fourth-quarter report is breathing some life into the sportswear brand's future. Shares of the Baltimore-based brand soared over 15 percent Tuesday after Under Armour reported before the...
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Under Armour May Soon Have To Decide Which Segments It Can Live Without
Tuesday, October 17, 2017 - 9:34am | 409Nike Inc (NYSE: NKE) once lived by the confident motto, “Anything you can do, I can do better.” But Under Armour Inc (NYSE: UAA) is more pragmatic. The sports apparel company “can do anything but can’t do everything,” CEO Kevin Plank said at a recent investor...