Under Armour Announces Layoffs Due to Decrease in North America Sales

Thursday, 16 May 2024, 12:38
Under Armour is reducing its workforce due to the significant decline in sales in North America. The company attributes this decrease to inflation causing consumers to cut back on purchases of clothing and footwear. The job cuts come as a response to the challenging market conditions in the region, signaling a tough outlook for the brand's operations.
https://store.livarava.com/91795615-1381-11ef-a6c2-63e1980711b2.jpg
Under Armour Announces Layoffs Due to Decrease in North America Sales

Under Armour Job Cuts Amid North America Sales Decline

Sales in Under Armour's largest market in North America are falling as inflation weary consumers pull back on new clothes and shoes.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Related posts

Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe