Previous Close | 12.85 |
Open | 12.28 |
Bid | 12.35 |
Ask | 12.55 |
Strike | 82.50 |
Expire Date | 2024-09-20 |
Day's Range | 12.28 - 12.28 |
Contract Range | N/A |
Volume | |
Open Interest | 272 |
It was once hyped as a worthy rival to Nike. But at present, Under Armour, founded by a 23-year-old former college athlete, is struggling to “just do it.”
The Oregon-based shoe company said in December it would lay off 2% of its workforce over three years.
Footwear brand Converse will cut jobs as part of parent company Nike's on-going $2 billion cost savings plan, a source familiar with the matter said on Tuesday. Nike had laid out a costs saving plan in December that would stretch over the next three years and also include tightening the supply of some products and reducing management layers. The cost-saving plan has prompted a slew of job cuts over the past few months at the world's largest sportswear maker.