Falling sales in North America and competition with Nike and Adidas have hit revenue at Under Armour, sending its shares sharply lower.
Revenue in the region, by far its largest market, fell by 3.2 per cent in the second quarter and shares in the sportswear maker fell yesterday by nearly 20 per cent.
Falling sales in North America and competition with Nike and Adidas have hit revenue at Under Armour, sending its shares sharply lower.
Revenue in the region, by far its largest market, fell by 3.2 per cent in the second quarter and shares in the sportswear maker fell yesterday by nearly 20 per cent.
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