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Dramatic slowdown in growth of Under Armour’s footwear sales

Dramatic slowdown in growth of Under Armour’s footwear sales

Sportswear brand Under Armour reported revenue of $1.1 billion in the first quarter of 2017, a 7% increase compared to the same period of 2017. Despite this, it suffered a net loss of $2 million.

Under Armour’s footwear revenue increased just 2% year-on-year to $270 million. This compares to ...
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