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Under Armour Is Bracing for Pricing Challenges as Inventory Piles Up

Under Armour Is Bracing for Pricing Challenges as Inventory Piles Up

On Friday morning Under Armour (NYSE: UA) (NYSE: UAA) revealed operating results for the second quarter, which captured the deepest impact on the retailing business from COVID-19 shutdowns. Sales dove 41% as most of its athletic apparel stores were closed to customers for much of the period, the company said.