Under Armour borrowed business from future quarters in order to meet aggressive sales targets and cover up slowed demand for its products, the Wall Street Journal reported Thursday. The article, which cited anonymous former Under Armour executives, said the Baltimore sportswear maker urged retailers to take products early and sent goods meant for its factory stores to off-price chains instead in order to book sales in the final days of the quarter. These practices allowed Under Armour (NYSE:UAA)…
from https://www.bizjournals.com/baltimore/news/2019/11/15/under-armour-responds-to-new-wsj-report-on-how-it.html?ana=RSS&s=article_search
via https://baltimorecheckbook.tumblr.com/post/189082917282
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