The Traderszone Network

Published in TZ Latest News 29 January, 2015 by The TZ Newswire Staff

Under Armour Tests Buy Point As It Makes Run At Nike In Footwear

With the market uptrend now under pressure, Under Armour (UA) hopes continued growth in its moisture-wicking athletic apparel will also keep its stock from over-sweating. To help the company’s earnings growth stay on track, Under Armour is trying to aggressively grow its footwear business. Already, shoe sales jumped 50% to $122 million in Q3, up from $81 million in the third quarter of 2013.

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