Shares of the Baltimore-based company fell 2.2% in extended trade.The apparel maker named Chief Operating Officer Colin Browne as its interim CEO while it searches for a permanent replacement.
FedEx names Raj Subramaniam as CEO, replacing founder Fred SmithThe move comes as the company, like other US firms, struggles with supply chain disruptions and China lockdowns, which have pushed its shares down more than 50% this year.Under Armour said Frisk, who joined Under Armour in 2017, will remain with the company as an adviser through Sept. 1.Read MoreBrowne joined Under Armour in 2016 and has been its operating chief since 2020.
Profits low, stock is stagnant and business going forward doesn’t look good. Someone has to be the “fall guy.” Target stock took a 25% hit today. These are the lean old days. Covid hasn’t gone away either things may get much worse before they get better.☹️
Under Armour began as a very promising sports company. Many of their shoes are nicely designed, but, they do not last that long. Was looking for an alternative to Adidas and Nike that are also losing their elan; sad to say, Under Armour is no better.
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