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.
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he made Under Armour. Now Kevin is the CEO of Under Armour and his net worth is 3 billion and his salary is $ 1.53 million. Kevin Plank doesn’t donate anything. However‚ Under Armour does to breast cancer. They created a program to support people that have breast cancer called Power in Pink’s. They created it to help educate female athletes about the importance physical activity can play in helping to overcome breast cancer. They committed a gift of 10 million dollars to the Under Armour breast
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Under Amour’s strength is innovative and unique technology of their products. “For example‚ in 2013‚ the company released a shirt that tracks athlete’s heart. Sensors in the brand’s shirt are able to pick up electrical signals from the heart. Additionally‚ Under Armour developed the tape replacing clear that gives ultimate support‚ and pivot freedom for athletes.” (Horovitz 2012) These Innovations give Under Armour a competitive edge against other sporting retail brands. As the company continues
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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
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Analysis of the financial data for Under Armour Inc. & Nike Inc. 1. Liquidity | Comparison between Nike & Under Armour | | 2010 | 2009 | Current Ratio | •Both companies have a ratio that is higher than the dangerous 1.0 current ratio.•The current Ratio of Under Armour is a bit higher than Nike`s which means that Under Armour is more efficient in terms of the operating cycle or in other words the ability to turn its products into cash. | •Both companies have a ratio that is higher
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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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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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Under Armour is a great example of IMC and its message is clear. It’s a brand for the under dog and the person that has to put in twice as much effort to get the job done. They have strategically chosen which athletes to sponsor like Steph Curry and The Rock. One of the those reasons I believe is because these athletes show the hard work that they put in everyday in the gym. On their Instagram they have a picture of a woman leaving her home in her gym cloths and a message on her mirror says "no shortcuts"
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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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After completing the proper calculations‚ assessments of the stock can be prepared. Starting with firm value ratios‚ Under Armour has earned a net worth of $1‚259‚559‚000. The higher the number‚ the more valuable the firm is on paper‚ and to Under Armour‚ this number is fair compared to other competitors in the industry. Another firm value ratio includes book value and Under Armour possess a book value of $1‚966‚590‚000. This number determines the value of the firm based on how much the company
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