Under Armour to cut retail network to focus more on consumer-direct sales
November 3, 2020
Under Armour plans to cut the number of North American retail stores that carry its products by between 2,000 and 3,000 locations over the next couple of years as the athletic wear brand focuses more of its business on selling directly to consumers. Roughly 10,000 stores will continue to carry Under Armour’s merchandise after the cuts are made.
Recent News
Waffle House Workers Strike for Fair Pay and Better Working Conditions
Waffle House workers in Conyers, Georgia, are now on their third day of striking over what they call the company’s unfair policies. Led by the Union of Southern Service Workers (USSW), Waffle House employees are demanding an end to the mandatory “meal credit” deductions from their paychecks, along with better wages and improved working conditions.
Baltimore Bridge Collapse Could Cost Carnival Cruise Line $10M
Carnival Cruise Line revealed that its 2024 earnings could take up to a $10 million hit due to the Baltimore bridge collapse.
Kwik Trip Discontinues Bagged Milk
Bagged milk, a long-standing staple at Kwik Trip, will soon disappear from its shelves.
New England’s Last Coal Plants to Close by 2028
In an agreement reached with the EPA and environmental groups, the last two coal plants in New Hampshire will cease operations in 2025 and 2028, respectively.