The Birth of Under Armour Under Armour Inc. is a performance apparel and sporting goods company based in Baltimore, Maryland. Under Armour was the first athletic apparel company to produce gear designed to keep athletes cool or warm depending on the temperature. The founder of Under Armour Inc. is Kevin Plank. Plank was a special teams captain on the University of Maryland’s football team. Plank hated having to change his sweat-soaked cotton t-shirts repeatedly during two-a-day practices. That is
Under Armour, Inc is a United State of American firm that produces various footwear and casual apparel internationally with its head office in Maryland (Diogo, 2017). Other Company offices owned by the business are located in places such as Amsterdam, London, Mexico City as well as New York City where the firm has the largest shares in the footwear industry. Under Armour, Inc was formed by Kevin plank in 1996 who acted as the official owner of the company as well as the CEO at the age of 23 years
Kevin Plank founded Under Armour in 1996; he was a University of Maryland former football player. Plank derived a synthetic textile design that allowed sweat to be “wicked-‐away” from a person body during physical activity. The original company named was KP Sports then in 2005; they changed their name when the company introduced to the public. Plank vision was that Under Armour’s had the potential for growth due to the ability of the company’s to build a powerful product in a moderately
Introduction In this essay I will analyze Under Armour which I personally have an interest in.. The reason I have selected Under Armour is because I have stocks in this company. In this paper I will analyze Under Armour’s strategy, mission, organization, positive aspects, short and long-term goals, and ways to improve. Under Armour Under Armour is headquartered in Baltimore, Maryland, Under Armour (UA) was founded in 1996, by Kevin Plank, a former University of Maryland football player who wanted
In 2014 Under Armour launched a largest global women’s market campaign titled “I Will What I Want.”. The success of this campaign brought this company into the spotlight. In customers’ unconscious mind, Under Armour is not the most outstanding sports clothing company compared with NIKE and Adidas. However, because of the success of a series of campaigns, Under Armour supersede Adidas to be the number 2 spot in the U.S. sportswear market. Many people are full of curiosity about the story behind this
Under Armour, Inc What is Under Armour? Under Armour is an American sports apparel company, its headquarters are located in Baltimore, US and has subsidiaries, market share and and a distribution line which includes wholesale channels, retailers, sports teams, as well as direct sale through the factory house stores all across the world. UA offers a variety of athletic apparel in compression, fitted, and loose types to be worn in all different conditions. It, also, provides footwear in determined
Company situation Under Armour’s has experienced growth in all business segments from 2009 to 2012 due to an increase in distribution and product offerings such as Charged Cotton® & Storm Fleece® accounting for a 31.5% increase in apparel net revenue and a 42.9% increase in footwear net revenue. A 201.7% increase in accessories net revenue is due to Under Armour’s bringing hats and bags in house; this also accounts for the 7.1% loss in revenue from licensing accounting for an increase of over $85
Under Armour differentiates itself from its competitors by providing customers with superior performance sports apparel. I believe this is Under Armour’s business-level strategy because they were the first company to use synthetic materials in their clothing to allow the wearer to be “dryer, lighter, and more comfortable.” Over the years Under Armour has plugged millions of dollars into research and development in order to make their products the best in the market. Even though they outsource most
Under Armour the Organization: In March of 1996, 23 years old, Kevin Plank created a brand that would change the sportswear industry. When Kevin played football at the University of Maryland, he did not like the athletic wear options available to him. What Kevin was looking for was clothing that would wick moisture away from his skin and protect him from heat exhaustion, but at that time there were no products on the market that accomplished that need (Walker, Marketing Strategy: A decision-focused
University of Maryland founded Under Armour in 1996. Under Armour produces performance apparel, which is engineered to help athletes remain cool, dry, and light throughout activity. There is a complex nature behind the technological diversity in the products for men, women, and youth. However, the recipe for reaping the benefits is simple: wear ColdGear when it is cold, HeatGear when it is hot, and AllSeasonGear between the extremes (Under Armour, n.d). Under Armour seeks to mold better athletes through
Executive Summary Under Armour, a sports performance apparel, footwear, equipment, and accessories company, was established in 1996 under the name of KP Sports by Kevin Plank. Plank was a former University of Maryland football player. His desire to produce a t-shirt made from a moisture wicking fabric is what drove the initiation of the company. Becoming a public company in 2005, the company changed its name to Under Armour. Plank remains CEO of Under Armour. The company has experienced exponential
Introduction Under Armour is the company founded by the former football player, Kevin Plank in 1996. Kevin Plank had a unique innovation of a synthetic textile which was suitable for sweat control during physical activities. According to Thompson, Plank’s idea was believed by him to grow longterm in a short term. It had a significant opportunity to expand. Under Armour is designed for athletes. During the course of game, workout or any extensive physical activity, the material of Under Armour keeps them
323 December 10, 2014 Abstract Under Armour, Inc. is a sporting line from America who sells clothing and accessories. Also is a supplier of not just sportswear but also some casual apparel. The company first started selling footwear in 2006; it also has global headquarters, which are located in Baltimore, Maryland. Their planning when it comes to sales and operations is impeccable when it comes to this industry. Introduction Under Armour is a very innovative company when it comes to
Under Armour Inc. is an American sports apparel and accessories company. The company supplies innovative sportswear, footwear and casual apparel to consumers. The company is headquarters is located in Baltimore, Maryland. The company was founded in 1996 by 23-year old Kevin Plank, who was captain on the University of Maryland football team. Kevin saw a need for a more innovative training T-shit because he would have to change out of sweat-soaked ones during practice. So he decided to design a T-Shirt
you must have a good design all around, in order to make it in business. Under Armour took advantage of the knowledge of its suppliers and stayed close to them when it came to making each product that they offered. The company executives took the time to invest in the consumers by working with both minor and major league athletes. They want to know how each fabric fit, where they could use improvement. Under Armour produced four product lines, that were all made differently, but they wanted the
Under Armour, Inc. headquartered in Baltimore, Maryland, is one of the most highly acclaimed companies in the industry. This company has a reputation for being a great innovator, marketer, and distributor. Under Armour is known for providing quality athletic apparel, footwear, and accessories. The vision aspect of Under Amour’s Vision Statement has a purpose to empower athletes everywhere and compliment their active lifestyles. The mission aspect of Under Armour’s Mission Statement is to make
Through preservation, a great product, and a good corporate strategy, Under Armour has grown immensely. We are one of the fastest growing companies today, and we have created a buzz in the finance and business community. When Kevin Plank started this company, even he couldn’t have predicted such success. We now control our own success and are not shying away from the competition (Arthur Thompson, 2014). This is evident as Under Armour recently built an office in Portland, OR, which is nearby the Nike headquarters
The store Under Armour recently opened on Chicago's "Magnificent Mile.” This is the brand's newest, largest and flashiest, showcasing not only its core training apparel, but fishing and hunting gear, innovations in running and basketball sneakers, and a fitness tracker "wearables bar." The Chicago Brand House is only the sixth of its kind in the United States, including those in Harbor East and New York's SoHo district. “Elements of the Brand House concept are expected to make their way into additional
Under Armour was founded in 1996 with the mission to make all athletes better through passion, design and the relentless pursuit of innovation. Under Armour produces several different products under its name. Under Armour products are sold all around the world. Their products can be found in the United States, China and Brazil. Revenue is generated by sales in specialty retailers around the world or sales directly in Under Armour stores. In 2016, 21% of their net revenue was from footwear sales
Module 2 What are the reasons for the success of Under Armour since its founding by Kevin Plank? What do you view the most important factors that have contributed to the growth of the company? Kevin Plank was not afraid to take major risks with Under Armour. These risks led to the success of UA. For example, advertising with ESPN and the NFL, using key professional athletes to wear the merchandise, and using college teammates to his advantage. Quality and affordable products with a strong advertising