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Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

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Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers

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Apple’s Steve Wozniak says he cofounded the tech giant after 5 rejections from HP—not to ‘make money.’ For years, his paycheck was just $50
Under Armour

Under Armour Might Drop These Sports

By
Kirsten Korosec
Kirsten Korosec
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By
Kirsten Korosec
Kirsten Korosec
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October 23, 2017, 3:01 PM ET

Under Armour might soon be out of the tennis game.

The sportswear company is considering ditching smaller categories such as fishing, outdoor gear, and tennis as it tries to reverse a slide in sales, reported the Wall Street Journal. The exit would theoretically help Under Armour cut costs and narrow its focus on its most lucrative sports categories such as footwear. The WSJ also reported that Under Armour co-founder Kip Fulks taking a sabbatical from the company.

Under Armour does break out sales by sports category.

The company has forecast slower revenue growth this fiscal year as the retail marketplace becomes increasingly competitive. Under Armour expects full-year revenue growth of 9% to 11%, compared with its previous forecast of 11% to 12%.

In August, Under Armour announced it was cutting about 2% of its global workforce, or some 280 jobs.

It’s unclear how the exit would affect sponsorship deals it has with several professional tennis players such as Andy Murray and American Sloan Stephens. One person, who was not named, told WSJ that these endorsement deals aren’t expected to be affected.

Under Armour is experimenting with other ways to revive its business. The sportswear company on Oct. 20 launched ArmourBox, a new monthly subscription service that sends customers items every month, two months or three months, according to the subscriber’s wishes.

The move follows the success of subscription-based clothing service startups such as Stitch Fix.

About the Author
By Kirsten Korosec
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