Introduction Under Armour was created in 1996 by Kevin Plank, which first developed breathable, wicking materials to replace sweaty cotton found in the shirts worn under football pads. The brand was initially built on a tough-guy and a football image. Under Armour 's first major sale came, when an equipment manager from Georgia Tech requested 10 shirts from Plank. This deal opened the door to a contract with Arizona State University, North Carolina State and other Division I football teams. With positive reviews from players, word began to spread and orders began to increase (wikipedia.org). Under Armour has made a big name for its self since that time, and it has risen to the number 2 spot in the U.S. sportswear market (darden.virginia.edu). Extreme Sports Under Armour, has been true to its vision statement, to empower athletes everywhere, and also its mission statement, to make all athletes better through passion, design, and the relentless pursuit of innovation (uabiz.com). Under Armour following its vision and mission statement, can incur a great increase in revenue by expanding its market reach to a somewhat over looked sport called extreme sports (also referred to as action sports and adventurous sports). The extreme sports industry has turned into a multi-billion dollar industry and have activities perceived as having a high level of inherent danger. These activities often involve speed, height, a high level of physical exertion, and highly specialized gear. The
An event such as the Olympic Games is an opportunity for manufacturers such as Under Armour to sponsor the national team from where the company is founded. In this case, Under Armour got the contract of developing the suits for the U.S. National Speed Skating Team. While companies such as Adidas could potentially provide the suits, Under Armour has the advantage of being an American company. While Nike is a direct competitor, speed skating is not something is commonly attracted to masses other than when the Olympic Games are underway and this was an opportunity Under Armour took.
Under Armour was founded in 1996 by Kevin Plank , a then 23-year old former special team’s captain of the University of Maryland football team. Plank initially began the business from his grandmother 's basement in Washington, D.C. As a fullback at the University of Maryland , Plank got tired of having to change out of the sweat-soaked T-shirts worn under his jersey; however, he noticed that his compression shorts worn during practice stayed dry. This inspired him to make a T-shirt using moisture-wicking synthetic fabric. After graduating from the University of Maryland , Plank developed his first prototype of the shirt, which he gave to his Maryland
Under Armour was started in 1995 by a man called Kevin Plank. A young college graduate made it his goal to find a new kind of T-shirt for athletes. Kevin found the kind of fabric he was looking for, went to a tailor and had numerous prototypes made. Kevin then handed these prototypes out to friends that he had known from playing football for his a large portion of his life. His old teammates too these products, spread the word and before Kevin knew it he was selling thousands of shirts to athletes all around the world.
Maryland football player. The company was born out of an idea to make a T-shirt that provided
Under Armour (UA) was founded by a then 23-year old football player from the University of Maryland in 1996 named Kevin Plank. Kevin started the company from his grandmother’s basement in Washington, D.C. As a player he became tired of having to change his undershirts which became quickly soaked with perspiration. A revelation he made was that his compression shorts worn during practice remained dry even with heavy sweating. This inspired him to make a t-shirt using moisture-wicking synthetic fabric. After graduating, Plank developed his first prototype of the shirt, which he gave to his Maryland teammates and friends who had gone on to play in the NFL. He soon perfected the design of the shirt which utilized microfibers that quickly wicked
a. Under Armour’s approach towards innovation is very unique, they think and plan out their projects thoroughly in order to create a one of a kind product that could be appealing to their consumers. The company has been extremely progressive throughout the years in order to stay ahead of the other competitive companies in their targeted industry. By constantly updating and coming up with different product lines, such as compression shirts and cleats, Under Armour is able to compete with other top athletic wear company’s in their market. If
Under Armour, an American based apparel company was developed by Kevin Plank in 1995. As team captain on Maryland’s football team, Plank realized that there was a need for performance wear in the world of sport and so the story goes. Plank has developed a multi-billion dollar company in the past two decades with high expectations for the future. Under Amour has signed with some of the greatest of the greats as it relates to the world of sport such as Cam Newton, Steph Curry, Tom Brady and Lindsey Vonn to name a few.
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
Under Armour is in the Textile- Apparel Clothing industry, in the consumer goods sector. The market has been driven by economic recovery, new product offerings and a
Under Armour was founded in 1996 by Kevin Plank (Current CEO and Chairman of the company) and became publicly traded on NYSE in 2006. Under Armour’s core products were performance sport apparel, footwear, and accessories. Its main market is North America (95% of its revenue). Now, it is the second largest sports apparel companies in the U.S.
Under Armour is a leading athletic clothing line directed towards the overall athlete who is looking for the most comfort during extracurricular activities. The mission of the company is, "to provide the world with technically advanced products engineered with exclusive fabric construction, supreme moisture management, and proven innovation. In short, every Under Armour product is doing something for you; it's making you better."
Under Armour has infused their products and their brand image in various visual media forms, including over a dozen popular television shows and numerous motion pictures (Shank, 2009). The look and appeal of Under Armour was ideal as it was the combination of the intense, hard core athletic gear that could help with performance coupled with a hip, fresh look that would be able to appeal to consumers. To differentiate its product line from its competitors Under Armour leveraged its sophisticated design software, new manufacturing techniques, the latest in material engineering, and robust information technology systems to produce virtually everything it makes (Shank, 2009). The utilization of the marketing technique of product placement in television, movies, and video games has allowed Under Armour to promote the benefits of its product line to a larger audience (Shank, 2009). In 1998, Warner Brothers studio was
Under Armour is currently one of the leading companies in the sports apparel industry whose mission is to “Make all athletes better through passion, science, and the relentless pursuit of innovation”.1 When Under Armour first broke into the sports apparel industry it was a disruptive pioneer that initially made the two giants, Nike and Adidas, a little weary. Under Armour revolutionized the sports apparel industry by creating apparel that used synthetic materials as an alternative to natural fibers, such as cotton, or other materials, such as polyester. This all-important switch to these materials resulted in a 2“shirt that provided compression and wicked perspiration off your skin rather than absorb it. A
Under Armour 's mission is to have all athletes better with passion, design and innovation.
Under Armour is a very popular and well-known brand throughout the world, there are many reasons why this is the case and why they are very successful as a company. Under Armour creates value for their customers in many ways, one of these ways is with their basketball shoes. Customers wouldn't want to buy shoes if they didn't think it would be durable and a good shoe. Customers can trust Under Armour’s basketball shoe because it is a shoe that somebody in the NBA wears. This shows that someone is willing to trust their million-dollar contract with their shoes to help them get their well-earned money, and that shows to confidence in Under Armour. Under Armour also gives many different options that the customer can choose from. They offer different technologies, materials, and articles of clothing. There are many different technologies they have, but I will only list a few. One of these technologies is cool switch, this helps athletes perform longer because the clothing will keep them cool and save them from sweating as much which helps save energy. Also, they offer many different materials in case a customer is allergic to a certain type of material there is always another so that they don't lose a customer. They also offer all different types of clothing so that whatever you need they'll have. Based on this research it proves that Under Armour has done so much to get where they are and be as successful as they are.