Ecommerce

Under Armour ready to forget 2017 as CEO Plank touts long-term plan

With Under Armour shares down more than 7% in early trading Tuesday after the company cut its full-year revenue forecast and announced about 280 layoffs, CEO Kevin Plank acknowledged that his team now sees its dismal 2017 as part of a necessary pivot to navigate a difficult retail environment.

Under Armour ready to forget 2017 as CEO Plank touts long-term plan

With Under Armour shares down more than 7% in early trading Tuesday after the company cut its full-year revenue forecast and announced about 280 layoffs, CEO Kevin Plank acknowledged that his team now sees its dismal 2017 as part of a necessary pivot to navigate a difficult retail environment.

Amazon under investigation for potential Iran sanction violations

Ecommerce giant Amazon (NASDAQ:AMZN) is under federal investigation for potential violations of the U.S. government’s sanctions against Iran, including sales to an individual listed on the terrorism watch list, the company said in a regulatory filing last Friday.

Amazon under investigation for potential Iran sanction violations

Ecommerce giant Amazon (NASDAQ:AMZN) is under federal investigation for potential violations of the U.S. government’s sanctions against Iran, including sales to an individual listed on the terrorism watch list, the company said in a regulatory filing last Friday.