Under Armour Cuts Sales View on Softer Demand Around the World
Under Armour Inc. forecast a sharper revenue decline than previously expected as demand softens in several key regions. The athletic retailer now expects sales to fall by a mid-single digit percentage rate for the year. The revised forecast calls for declines in North America, Asia-Pacific, and Europe and the Middle East as the company grapples with a “challenging consumer demand environment,”…
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
