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February 21, 2014
07:16 EDTUAUnder Armour founder says suit is not to blame, USA Today says
Under Armour CEO Kevin Plank admitted that the much-maligned suit adorned by the U.S. speedskating team should never have been to blame for the team's lack of Olympic medals, according to the USA Today, citing comments from Plank. Plank said, "It was a bit of a witch hunt that began to build. The suit became the witch." Reference Link
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September 29, 2015
15:47 EDTUANike to face competition for University of Texas apparel deal, Bloomberg says
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September 24, 2015
19:52 EDTUAAthletic footwear stocks higher after Nike's earnings report
Athletic footwear makers Skechers USA (SKX) and adidas (ADDYY), sports apparel maker Under Armour (UA), and shoe retailers Foot Locker (FL) and Finish Line (FINL) were all higher in after-hours trading after Nike (NKE) reported better-than-expected first quarter results. WHAT'S NEW: After the bell, Nike reported Q1 earnings per share and revenue of $1.34 and $8.4B, respectively, versus analyst expectations of $1.19 and $8.22B. The company added that it saw mid-single digit revenue growth in both the second quarter and for fiscal year 2016, as well as Q2 gross margins expanding by 25 bps and FY16 gross margins expanding by 50 bps. PRICE ACTION: Nike rose about 8% in after-hours trading, while Skechers USA gained just over 2%, adidas rose fractionally, Under Armour was higher by 2%, Foot Locker gained 1.5%, and Finish Line was up almost 6%.

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