Under Armour said it is taking longer than expected to turn around the business and that U.S sales will decline in 2020
Under Armour Inc. said it is taking longer than expected to turn around the business and that U.S sales will decline in 2020, sending shares of the athletic-apparel maker tumbling on Tuesday.
The company reported a 2% decline in sales in North America, its biggest market, in 2019, and said it expects a mid- to high-single-digit percentage decline in the region in 2020.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Under Armour sees hit from coronavirus, forecasts surprise fall in 2020 salesUnder Armour Inc on Tuesday forecast a surprise drop in 2020 revenue, saying the...
Read more »
Billie Eilish Says Winning 5 Grammys Is 'Still Surreal' Ahead of Oscars 2020 PerformanceThe 18-year-old made history as the youngest musician to ever be nominated — and win — all four major awards at the Grammys last month
Read more »
Parasite Wins Best International Film at 2020 Oscars: 'I'm Ready to Drink Tonight,' Says DirectorParasite is the first film from South Korea ever to be nominated in the category, let alone win the prize
Read more »
Malaysia's economy to grow 4.5% in 2020, PM Mahathir saysMalaysia's economy is expected to expand by 4.5% this year, Prime Minister ...
Read more »
Malaysia's economy to grow 4.8% in 2020, PM Mahathir saysMalaysia's economy is expected to expand by 4.8% this year, Prime Minister ...
Read more »
Taika Waititi Jokes His 2020 Oscars Acceptance Speech Was the 'Worst' but Says It Was 'Truthful'Taika Waititi took home his first Oscar on Sunday night in the Best Adapted Screenplay category for Jojo Rabbit
Read more »