Sociocultural/Demographic – Under Armour was able to build its brand image through extensive sponsorship. Under Armour now provides gear to the NFL‚ MLB‚ MLS‚ NHL the USA baseball and Ski teams including other professional leagues abroad. In 2005‚ Under Armour was supplying over 100 NCAA division I-A football programs and 30 NFL teams. Only four years since its founding Under Armour had become a globally recognized brand‚ and was still looking for areas to branch into within the performance apparel industry and
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Executive Summary Under Armour (UA) was the pioneer company that introduced performance apparel with moisture management to keep athletes dry‚ cool‚ and light while practising or competing. Founded in 1996 becoming a public company in 2005‚ UA now competes globally in the multisegment retail market for both sports apparel and active wear‚ though 90% of its sales are in North America. In 2011 UA’s market share was approximately 2.8% compared with Nike at 7.0% and Adidas at 5.4%. UA is in a good
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Executive Summary 2 1.0 Under Armour Backgroung 1.1Vision Statement 1.2 Mission Statement 1.3 Corporate Philosophy 1.4 Corporate Objectives 1.5 Product Offerings 3 2.0 Market Analysis 2.1 Target Market Profile 2.1.1 Market Segmentation 2.1.2 Market Targeting 2.1.3 Market Positioning 2.2 External Environmental Analysis 2.3 Internal Environmental Analysis 2.4 Summary of SWOT Analysis 4 3.0 Market Recommendation 3.1 Recommended Strategy 5 Reference Executive Summary Under Armour (UA) is an American
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Currently‚ the P/E ratio for Under Armour is 95.82 which is staggeringly high. Nike is valued at a P/E ratio of 27.46 while Adidas is at 12.08 [Exhibit 6]. An extremely high P/E ratio means that investors value this company very highly and are willing to pay a high price for its share. It reflects positively on Under Armour’s growth prospects. This high price tag associated with Under Armour has come because of the explosive growth the brand has seen over the last 5 years. Competitive & Strategic
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Background: Under Armour started out in 1996 by Kevin Plank‚ a football player and special teams captain at the University of Maryland. Plank hated constantly changed his sweat soaked clothes at the end of practices and set out to make a better solution. Kevin Plank did extensive research and developed a new kind of clothing that kept athletes cool and dry in even the most brutal conditions. Plank named
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Under Armour Team Developed Strategic Plan Executive Summary TEAM D MGMT 479 October 5‚ 2014 STRATEGIC ALTERNATIVES ALTERNATIVE ONE Changes in the way consumers spend and what they purchase provides a large opportunity for Under Armour to exploit new markets. Expanding widening product lines for women and exploring unexplored territories could jump start UA is looking for. By expanding into China UA may be able to maximize profit while gaining new business. Under Armour
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Sam Edward Spt 260 March 25‚ 2013 Under Armour History of the organization Under Armour was founded in 1996 by Kevin Plank ‚ a then 23-year old former special team’s captain of the University of Maryland football team. Plank initially began the business from his grandmother ’s basement in Washington‚ D.C. As a fullback at the University of Maryland ‚ Plank got tired of having to change out of the sweat-soaked T-shirts worn under his jersey; however‚ he noticed that his compression shorts
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The development axes The Under Armour sales have soared to such level that the stated purpose of the Baltimore brand is to compete Nike which is the leader in sportswear sector. For now‚ Under Armour does not seem to make weight. Nike generates more than $ 20 billion worldwide when Under Armour declares a turnover 10 times less. Under Armour will have to catch up in the coming years with a new development strategy. Under Armour should want to seduce a new target which is not the most sensitive in
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After completing the proper calculations‚ assessments of the stock can be prepared. Starting with firm value ratios‚ Under Armour has earned a net worth of $1‚259‚559‚000. The higher the number‚ the more valuable the firm is on paper‚ and to Under Armour‚ this number is fair compared to other competitors in the industry. Another firm value ratio includes book value and Under Armour possess a book value of $1‚966‚590‚000. This number determines the value of the firm based on how much the company
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Under Armour Marketing Strategy By: Andrew Williams November 2010 Under Armour Marketing Strategy I. Executive Summary Under Armour was founded in 1996 by Kevin Plank‚ a former football player at the University of Maryland. Under Armour started with an idea to create a superior t-shirt that provided compression and wicked perspiration off the skin rather than absorb it. A t-shirt that would work to regulate you body’s temperature and enhance performance. The apparel was engineered
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