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.