Competition in the industry • The industry that Under Armour deals with it is a extremely competitive one. Furthermore‚ with the large number of brands in the industry and a few of them having a significant market share makes it immensely difficult for brands like Under Armour to establish their dominance in the marketplace. • Competitors‚ such as Adidas and Nike are recognized worldwide and they have remarkably more resources than that of Under Armour. They have been successful in developing good
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Under Armour: Case 1 The following is an environmental analysis of the “performance apparel” business sector of the athletic apparel industry‚ with an analysis on Under Armour‚ the 3rd largest athletic apparel company. The company is clearly rapidly growing‚ touching markets that have been dominated before‚ but continues to pride themselves on the performance of their products. The first section of this analysis will cover the trends in technology‚ economics‚ demographics‚ socialites and culture
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Executive Summary 2 1.0 Under Armour Backgroung 1.1Vision Statement 1.2 Mission Statement 1.3 Corporate Philosophy 1.4 Corporate Objectives 1.5 Product Offerings 3 2.0 Market Analysis 2.1 Target Market Profile 2.1.1 Market Segmentation 2.1.2 Market Targeting 2.1.3 Market Positioning 2.2 External Environmental Analysis 2.3 Internal Environmental Analysis 2.4 Summary of SWOT Analysis 4 3.0 Market Recommendation 3.1 Recommended Strategy 5 Reference Executive Summary Under Armour (UA) is an American
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crisis‚ Under Armour kept in mind what Kevin Plank‚ always described Under Armour as‚ he described it as brand that means performance. With the help of Adidas‚ Under Armor valiantly fought to keep their name by trying a multitude of ideas such as creating a brand new shoe with Adidas. This shoe never worked with the customer base because Under Armour had removed their focus from their original brand and the customers could see this; and it ultimately lead to the devaluation of their brand. Under Armour
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1 dollar from the company’s earnings. Currently‚ the P/E ratio for Under Armour is 95.82 which is staggeringly high. Nike is valued at a P/E ratio of 27.46 while Adidas is at 12.08 [Exhibit 6]. An extremely high P/E ratio means that investors value this company very highly and are willing to pay a high price for its share. It reflects positively on Under Armour’s growth prospects. This high price tag associated with Under Armour has come because of the explosive growth the brand has seen over the
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Under Armour Marketing Strategy By: Andrew Williams November 2010 Under Armour Marketing Strategy I. Executive Summary Under Armour was founded in 1996 by Kevin Plank‚ a former football player at the University of Maryland. Under Armour started with an idea to create a superior t-shirt that provided compression and wicked perspiration off the skin rather than absorb it. A t-shirt that would work to regulate you body’s temperature and enhance performance. The apparel was engineered
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case. Under Armour( UA) is a distributor of athletic apparel‚ accessories and shoe wear. There strategic issued is to be able to compete in the sports apparel industry against big names such as Nike and Adidas. In order for them to be successful‚ they have to be able to meet their market share. UA needs to open up its industry to include more women apparel and shoe wear as well as reach other people globally. In order for them to target a large number of consumers and to compete against Nike or Adidas
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just athletic events‚ so comfort and durability is a must-have. Roshe’s are a highly popular shoe brand made by the company Nike. Roshe’s are stylish and comfortable shoes that are rather inexpensive considering how well they hold up; therefore‚ anyone can benefit from a pair of Roshe’s‚ not merely athletes. The main competitor is the Assert 6’s‚ made by the company Under Armour. Many people admire these shoes for their comfortability and great look. They are light shoes that provide stability and
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Sam Edward Spt 260 March 25‚ 2013 Under Armour History of the organization Under Armour was founded in 1996 by Kevin Plank ‚ a then 23-year old former special team’s captain of the University of Maryland football team. Plank initially began the business from his grandmother ’s basement in Washington‚ D.C. As a fullback at the University of Maryland ‚ Plank got tired of having to change out of the sweat-soaked T-shirts worn under his jersey; however‚ he noticed that his compression shorts
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Under Armour is one of the world’s leading producers of athletic apparel. Their slogan‚ “I will protect this house” was greatly popular in the early 2000s. In the year 2008‚ the brand aired a commercial titled‚ “Protect This House: I will” which features world class athletes such as Michael Phelps‚ Brandon Jennings and Georges St. Pierre. The commercial gave a sneak peek in to how these champions train‚ overcome challenges and failures in order to achieve greatness‚ of course‚ with the help of Under
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