#1 Under Armour – Challenging Nike in Sports Apparel Problem Statement Under Armour is a sport performance apparel brand that is looking to move ahead of its competition and branch out into different sectors of the sporting goods industry. Kevin Plank and his company’s problem is that their footwear only makes up for about 15% of the firms revenue and they only generate about 6% of their revenue in international sales. In order to compete with the top brands in the industry‚ Under Armour must
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History Under Armour was created in 1996 by a former University of Maryland football player named Kevin Plank. He wanted to make performance apparel that was cool‚ light‚ stayed dry‚ and was comfortable during any workout or practice. Kevin was tired of having to constantly change shirts between two-a-day practices‚ so he went and designed a shirt that was made from synthetic fabrics. His first shirt‚ which was named #0037 was the first shirt in the line of HeatGear‚ which was designed so athletes
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OneSource One-Stop Report Under Armour Inc 27 November 2012 OneSource One-Stop Reports for Under Armour Inc Under Armour Inc 3 rd Floor‚ 1020 Hull Street Baltimore‚ MD 21230 United States Tel: 410-454-6428 Fax: 410-468-2516 Toll Free: (888) 427-6687 www.underarmour.com Employees: Company Type: Corporate Family: Traded: Incorporation Date: Auditor: 5‚400 Public Parent 40 Companies New York Stock Exchange: 1996 PricewaterhouseCoopers LLP Financials in: USD (mil) UA Fiscal Year End:
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Under Armour Under Armour is an American sports clothing and accessories company. The company supplies a wide range of sportswear and casual apparel. They mainly focus on hi-tech sportswear for professional athletes. Under Armour’s global headquarters is located in Baltimore‚ Maryland. The company was founded in 1996 by Kevin Plank‚ a 23-year old former special teams captain for the University of Maryland football team. Plank began the business from his grandmother’s basement in Washington‚ D. C
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Under Armour general and direct environments: The competitive pressures associated with the bargaining power of buyers are moderate. There are two types of buyers: Chain retailers such as Sports Authority‚ and professional athletic teams. These athletic teams do have the power to negotiate the terms of when and where they will use/wear the apparel. Chain retailers have the power to place product where they choose in the store. The competitive pressures associated with the bargaining power of suppliers
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1 Under Armour “Name” “Course" “Assignment” “College” “Instructor” 2 Abstract In this paper‚ I will be explaining the marketing approaches that Under Armour shoe division is taking in competing against rivals competitors in the shoe division‚ its approach and initial take on expanding into the field‚ also some key factors in different marketing approaches and direction it’s heading in. I will be discussing concepts used regarding corporate image and brand management and integrated marketing
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Under Armour Case Analysis Abstract Under Armour is a sports apparel‚ footwear‚ and accessories company that is quickly becoming a global force to be reckoned with. The company is competing in a saturated market and has maintained the ability to grow. Analysis of the company shows that it should: look for alternative sources of materials and suppliers; continue a marketing campaign using athlete endorsements; and‚ model expansion into new foreign countries after the successful entrances into areas
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expertise in new markets and technology • E.g. Software technology flop • Slow response to market volatility • Over expansion into differentiated products • Dilution of brand • Market saturation Threats: • • • • Competitor entrance • E.g. Under Armour “I Will” campaign Macroeconomic slowdown Product cannibalization Athlete reputational challenges • Lance Armstrong‚ Tiger Woods‚ A-Rod Section 1: Nick Bazarian‚ Jesse Lampert‚ Jorge Magana‚ Cara McKenna‚ Jan Tomaszewski‚ Karen Zhang Study
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Under Armour Case Analysis INTRODUCTION TO THE COMPANY Under Armour is a company that started IN WHAT YEAR in the basement of former University of Maryland football player Kevin Plank‚ but is a now large and very well known company. Under Armour has grown to be one of the top selling brands of athletic wear and is rapidly growing. CENTRAL STRATEGIC ISSUES Even though it is one of the most competitive athletic wear brands in the Unites States‚ there are a few issues that prevent Under Armour
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4 Tips While Buying Under Armour Clothes. Under amour is an American company which deals in sports clothing that has spotted a very respectable place in the world market in the domain of sporting goods. They have manufactured great apparels for outdoor events such as fishing‚ hunting etc for both the genders and all age groups. The hunting clothes serves two purposes of providing warmth and comfort. These have become basic necessities in the extreme conditions. They provide safety and comfort simultaneously
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