Case #5 Under Armour- Challenging Nike In Sports Apparel Shuying‚ Sai 1 Industry & Market: Under Armour was founded in 1996. The founder is Kevin Plank‚ a former football player who played for University of Maryland. At first‚ it started with a simple idea that making sports T-shirt more comfortable when players wear it. After 15 years‚ Under Armour became a big company who already spread their market into different country. In sporting goods market‚ Nike and Adidas are the two industry-leaders.
Premium Sport Revenue Sports equipment
Introduction Under Armour is currently one of the leading companies in the sports apparel industry whose mission is to “Make all athletes better through passion‚ science‚ and the relentless pursuit of innovation”.1 When Under Armour first broke into the sports apparel industry it was a disruptive pioneer that initially made the two giants‚ Nike and Adidas‚ a little weary. Under Armour revolutionized the sports apparel industry by creating apparel that used synthetic materials as an alternative to
Premium Brand Under Armour
Rotimi Oyewole December 17‚ 2010 INBM 400 Seminar Final Case Study Under Armour Under Armour is an emerging company in the sports apparel industry whose mission is to “Make all athletes better through passion‚ science and the relentless pursuit of innovation”. Under Armour was a disruptive innovator in the sports apparel industry by creating sports apparel using synthetic materials as an alternative to natural fibers‚ such as cotton. This important change in material resulted in a “shirt
Premium First-mover advantage Strategic management
Background: Under Armour started out in 1996 by Kevin Plank‚ a football player and special teams captain at the University of Maryland. Plank hated constantly changed his sweat soaked clothes at the end of practices and set out to make a better solution. Kevin Plank did extensive research and developed a new kind of clothing that kept athletes cool and dry in even the most brutal conditions. Plank named
Premium Marketing Athletic shoe Brand
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
Premium Basketball Marketing Brand
Organizational Strategy The rapid success of Under Armour is not a mistake. The company dominates the performance apparel category. According to Founder Kevin Plank‚ “The mission of Under Armour is to make technically advanced products that are engineered with superior fabric construction‚ to provide proven innovation available to the masses-aimed at making athletes perform better” (UnderArmour.com). Under Armour uses many marketing initiatives including athlete endorsement‚ product placement‚
Premium Management Organization Strategic management
rise is Under Armour‚ Inc. Under Armour; the primary maker of performance athletic underwear and apparel has risen to the top with main competitor Nike. The company has also begun to become a factor in the footwear market as well. Recently‚ they have also become the official supplier of both the MLB and NHL. Under Armour’s specialty is sports specific garments‚ and completely dresses its customers from head to toe with both hot and cold gear for sports like football‚ baseball and hockey. Under Armour
Premium Balance sheet Generally Accepted Accounting Principles Accounts receivable
Under Armour is a progressive American sports clothing and accessories company that supplies sportswear and casual apparel. The founder of this sports brand is Kevin Plank who achieved success due to his creation. He designed a superior T-shirt that helps control your body temperature. This synthetic shirt was formed to prevent it from getting soggy‚ and to help enhance your performance. Plank played football‚ and he was fatigued after having to change his moist and heavy t-shirt under his jersey
Premium Under Armour Kevin Plank Maryland
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
Premium Adidas Athletic shoe Clothing
Executive Summary Under Armour (UA) was the pioneer company that introduced performance apparel with moisture management to keep athletes dry‚ cool‚ and light while practising or competing. Founded in 1996 becoming a public company in 2005‚ UA now competes globally in the multisegment retail market for both sports apparel and active wear‚ though 90% of its sales are in North America. In 2011 UA’s market share was approximately 2.8% compared with Nike at 7.0% and Adidas at 5.4%. UA is in a good
Premium Clothing Under Armour Kevin Plank