Under Armour plans 25% SKU reduction amid declining sales and net loss
UA Under Armour Inc
$5.00 -5.30%
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- 1Under Armour recorded $1.2 billion in second-quarter revenue, representing a 7% decrease in total second-quarter revenue.
- 2Under Armour has planned a 25% reduction in the number of Under Armour SKUs.
- 3Under Armour recorded a net loss of $425,000.
So what's the key point?
Under Armour's sales decreased and the company recorded a loss. It plans to reduce the variety of products it sells by 25 percent.
Source Retail Dive · View original ↗
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