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Under Armour's sneaker business loses its traction

Footwear revenue down 2% in latest quarter, compared with 58% jump in corresponding period last year

Published Wed, Aug 2, 2017 · 09:50 PM

New York

UNDER Armour Inc was betting it could dance with Nike and Adidas at the hot sneaker prom. It was not to be.

The sports clothing label reported a 2 per cent decline to US$237 million in footwear revenue for the quarter, compared with a 58 per cent jump over the same period in 2016.

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Under Armour's sneaker business loses its traction

Consumer & Healthcare

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