Business Analysis: Wal-Mart's Under Armour

Better Essays

When our professor first presented this project paper to us my mind began to wonder. What is a good company to research and present it to my fellow classmates. My first selection was “Chik-fil-a”, but I wasn’t sure if we could write about fast food franchises. So I continued to brainstorm about a topic to expound on, even going as far as in asking my buddies and co-workers for suggestions. “Walmart”, “National Football League”, “National Basketball Association”, “Nationwide Insurance”, and “LG” were a few ideas that were presented to me. A few of those sounded ok but none really grasp my attention. As I was visiting an outlet mall, I came across Nike store. “Wow that’s going to by my topic of choice”, is what I told myself. Week …show more content…

This soon led to him using $20,000 of his own money, $40,000 from credit and a small business loan of $250,000. (Under Armour, 2013) 12 months later, he found himself making his first official pinch to Georgia Tech University. They found interest in his product and decided to wear it as their official team apparel. Shortly after, he found himself supplying performance apparel to more division one football teams and over 24 National Football League teams. He relocated his company from his grandmother’s basement over to the current Under Armour headquarters in Baltimore, Maryland. In 1999, Warner Brothers contracted Under Armour to outfit the actors for two movies, “Any Given Sunday” and “The Replacements”. The athletic apparel was a success and in 2003 the brand had its first official commercial. As the years progressed, Mr. Plank developed a method for retaining clients. He believed in that if you created a product for the people who appreciate it, and then it will sell itself. Furthermore, success was sure to come around, yet rather quickly than he anticipated.
Under Armour is a great American success story by a young man with the determination to succeed in life. Mr. Plank grew his company by being different and becoming flexible in working in small

Get Access