Under Armour's sneaker business loses its traction
Footwear revenue down 2% in latest quarter, compared with 58% jump in corresponding period last year
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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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