Tuesday, March 13, 2018

Dick's CEO: Under Armour biggest reason for disappointing fourth-quarter sales

Dick’s Sporting Goods Inc. CEO Edward W. Stack said Under Armour Inc. weighed down the retailer’s sales in the fourth quarter but he thinks the brand can make a comeback. Same-store sales at Dick’s were down 2 percent overall during the holiday period. Revenue of $2.66 billion was below analysts’ expectations for $2.74 billion in sales. Stack said Baltimore-based Under Armour’s struggles with product distribution were the main driver for disappointing apparel sales. “Our apparel business compared…



from https://www.bizjournals.com/baltimore/news/2018/03/13/dicks-ceo-under-armour-biggest-reason-for.html?ana=RSS&s=article_search
via http://baltimorecheckbook.tumblr.com/post/171835398917

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