Thursday 18 October 2018
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Channel News Asia
28 days ago

Under Armour to cut 400 more jobs in turnaround push, shares rise

MARYLAND: Under Armour announced 400 job cuts on Thursday (Sep 20) and raised its forecast for adjusted profit to the high-end of an earlier range, deepening cost-cuts in the face of rising competition from Nike and Adidas . The company s shares rose over 5 per cent to US$19.74 in early trading ...

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