Business

Under Armour’s Q3 sales remain flat, forecasts better revenue estimates

Under Armour, Inc., for the third quarter, reported that revenue was flat at 1.4 billion dollars compared to the prior year. The company said, gross margin decreased 40 basis points to 47.9 percent, operating income was 59 million dollars, while adjusted operating income was 133 million dollars. The company added that net income was 39 million...

9 hours ago

Retail

UK shop vacancies continue to rise amid Covid-19 uncertainty

The UK’s shop vacancy rate rose to 13.2 percent in Q3 from 12.4 percent in Q2 amid the ongoing Covid-19 pandemic, marking the ninth consecutive quarter of increasing rates. That increase was experienced across all locations, with shopping centres hit hardest, increasing to 16.3 percent from 14.3 percent in the previous quarter, according to the...

12 hours ago

Business

Columbia Sportswear’s Q2 sales drop, announces leadership changes to drive omni-channel growth

Net sales at Columbia Sportswear Company decreased 23 percent to 701.1 million dollars, gross margin contracted 40 basis points to 48.9 percent of net sales, from 49.3 percent of net sales for the comparable period in 2019, operating income decreased 44 percent to 85.6 million dollars or 12.2 percent of net sales and net income decreased 47...

15 hours ago

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