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Footwear leads Under Armour growth

28/07/2016

Sportswear manufacturer Under Armour reported a 28% increase in revenue to $1 billion in the second quarter of 2016.  Profit dropped 57%, however, mainly due to the loss of Sports Authority, one of Under Armour’s key retail outlets who was forced to close all its stores due to bankruptcy.  Footwear performed strongly in the quarter, recording...

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