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." Founded in 1996 by University of Maryland graduate Kevin Plank, Under
Under Armour is an existing firm that has taken large steps to become a major disrupter in the athletic apparel and footwear market. As this will primarily focus on the footwear segment of this company, it is vital to understand that the entire makeup and beginnings were due to the apparel aspect of their venture. The athletic apparel industry is tumultuous and with recent hits to the market the shoe segment is just as fragile as the rest. With the closure of Sports Authority in the last year, companies
Company Analysis of Under armour November 4th 2015 Management 300-101 Joshua Cooper 11/15/2015 Analysis of Under Armour Induction: Ever since the creation of the well-known body wear Under Armour in 1996, Kevin Plank 's formal University of Maryland football player. The band has under gone rapid expansion and popularity throughout the world today being that it all started in a basement. It has taken over the performance workout apparel market in the United States and worldwide
Under Armour At just twenty three years old Kevin Plank had made an observation during football practice one day. The former captain of the University of Maryland football team noticed that compression shorts worn by the team managed to stay dry during practice. From this material he created moisture wicking gear which Under Armour is known for (Under Armour Startup Story, 2014). Just like many startup companies, Under Armour’s original funding came from Kevin Plank’s college savings and personal
Under Armour Inc. based in Baltimore, Maryland, is one of the leading designers, marketers, and distributors of authentic athletic footwear, apparel, and accessories for a wide variety of sports and fitness activities. The Company engages in the design, development, marketing, and distribution of a range of apparels and accessories utilizing various synthetic microfiber fabrications in the United States and internationally. It offers a wide variety of merchandises including sporting goods and lifestyle
A. Executive Summary Under Armour was founded by Kevin Plank in 1996 and he remains the CEO today. The early innovation of Under Armour is its wicking technology. As a former American Football athlete Plank described himself as “the sweatiest guy on the field.” He created a company with the aim of making sporting apparel that enhances athletic performance. The mission and vision statement of the company reflects its urge to steer development in the sporting industry. In this text, we have conducted
Introduction 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
Why Under Armour is on the Rise Under Armour is a company that produces athletic wear from baseball cleats to basketball shoes. Their mission is “to make all athletes better through Passion, Design and the Relentlessness pursuit of innovation (uabiz.com).” The company was founded in 1996 by former Maryland football player, Kevin Plank, in hopes that he would create clothing that kept athletes cool, dry, and light throughout the course of a game, practice, or workout. Under Armour came out with three
Executive Summary Under Armour is a company that always strives to do better. They are currently trying to expand globally. While Under Armour has higher quality than most of its competitors, the cost of their merchandise is still a lot less than competitors. There are many threats to a highly-competitive sports clothing company such as Under Armor. Like many companies in the retail industry they are faced with the increasing costs of their materials and shipping expenses. Under Armour is trying to
Under Armour was founded by Kevin Plank in 1996, when he got the idea to create a shirt that withstand sweat like his compression shorts. Plank was a former athlete at University of Maryland college park, where he played football. He researched ways to make a sweat resistant shirt, which got him into business. He started out creating shirts and trying to make a sell in his grandmother’s basement, by the end of 1996 he made $17,000 in Under Armour sells (Under Armour, 2017). By 1998, he moved from