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Kevin Plank's Under Armour

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Background:
KP Sports, which would later be known as Under Armour, was developed in 1996 by 23-year old former University of Maryland football player Kevin Plank. He experienced first-hand the issue in regards to cotton t-shirts soaking up perspiration during practice and games. With nothing currently on the market to remedy this problem, Kevin started his own company in order to find the solution. Kevin researched synthetic moisture-wicking polyester fabrics that would perform with the athlete and not hinder them. He developed athletic work-out apparel that fit snugly to the body and removed moisture away from the skin. This provided a more comfortable fit that resulted in the athlete remaining drier and cooler during performance activities. Kevin’s first HeatGear shirt was fittingly named after his jersey number from his college days, #0037. Kevin started his company in his grandmother’s basement and sold his shirts out of the trunk of his car.
Kevin originally focused his marketing to …show more content…

The company has a core base of loyal customers due to its HeatGear and ColdGear products that have not strayed to competitors that have been attempting to create substitute products. However, with the oversaturation of substitute offerings from rivals, this may change.
The company has developed a strategic vision of broadening its product offerings to its customers by adding more products. Under Armour is expanding into foreign markets and offering products specific to the various cultures. Under Armour’s strategy is to offer superior alternatives to competitor products. They strive to dominate by offering the best products on the market. Under Armour has expanded its business by acquiring MapMyFitness and partnering in joint ventures with DC Comics and Marvel Entertainment.
Analysis and

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