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Sports Authority woes impact Under Armour guidance

01/06/2016

Sportswear brand Under Armour has been forced to revise its financial outlook for the full year and the second quarter of 2016 as a result of the bankruptcy of Sports Authority. Following the decision to liquidise Sport Authority’s business rather than restructuring it, Under Armour expects to incur an impairment charge of $24 million during the ...

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