Under Armour Inc. will keep its stores closed indefinitely and lay off 6,700 employees as it faces a massive financial hit due to the novel coronavirus pandemic. The Baltimore-based sportswear maker also pulled its previous financial guidance for 2020 and implemented a restructuring plan that will cost $475 million to $525 million this year. Under Armour’s 188 stores in North America have been closed since March 16 and will remain closed “until further notice,” the company said Friday. Beginning…
from https://www.bizjournals.com/baltimore/news/2020/04/03/under-armour-closes-stores-indefinitely-laying-off.html?ana=RSS&s=article_search
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