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College & Pro Sports
Under Armour Partnerships in Trouble
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<blockquote data-quote="Techster" data-source="post: 726419" data-attributes="member: 360"><p>UA has been in financial trouble for some time. UCLA was part of their push to partner up with "brand names" to push their brand and it didn't work. It appears they are walking back some financial obligations to save money...and the Covid situation didn't help. Nike, who is far more financially sound than UA, just had a loss of 47% sales in North America alone, and overall revenue is down by 38%:</p><p></p><p><a href="https://finance.yahoo.com/news/nike-posts-surprise-loss-covid-040212308.html" target="_blank">https://finance.yahoo.com/news/nike-posts-surprise-loss-covid-040212308.html</a></p><p></p><p>If Nike took a hit, you can only guess at how much trouble UA is in.</p></blockquote><p></p>
[QUOTE="Techster, post: 726419, member: 360"] UA has been in financial trouble for some time. UCLA was part of their push to partner up with "brand names" to push their brand and it didn't work. It appears they are walking back some financial obligations to save money...and the Covid situation didn't help. Nike, who is far more financially sound than UA, just had a loss of 47% sales in North America alone, and overall revenue is down by 38%: [URL]https://finance.yahoo.com/news/nike-posts-surprise-loss-covid-040212308.html[/URL] If Nike took a hit, you can only guess at how much trouble UA is in. [/QUOTE]
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