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The Armoury
What's new with Baltimore sports apparel maker Under Armour
Footwear, international driving changes at Under Armour's campus

As Under Armour gets set to launch new running shoes next spring and open dozens of its Brand House stores across the globe next year, some changes are underway at the Locust Point headquarters.

For one thing, the brand plans to consolidate its footwear operation — rededicating the Cascade building for that fast-growing division — by next spring, CEO and founder Kevin Plank told analysts on a call last week after announcing third quarter earnings.

"We believe footwear will be as big or bigger than apparel," Plank said.

The reshuffling on campus comes as Under Armour plans to introduce two more versions of its Speedform running shoes, the $130 Gemini and the $100 Vent.

Under Armour also is constructing what Plank referred to as a "lab" store, also on the Locust Point campus to aid in the brand's international store growth.

The sports apparel maker will have 80 Brand House stores by the end of the year, mostly outside the U.S., and plans to open 100 more in 2015, mostly in China. Most...

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Fitness technology is personal to Under Armour's Plank

Under Armour CEO Kevin Plank was on his way to the airport after the ESPY Awards in Los Angeles in 2011 when his friend and colleague, Bill Hampton, suffered a heart attack in the SUV in front of him.

Three years later, Plank recalled Hampton, Under Armour's 51-year-old senior director of pro leagues, dying on the side of the 101 Freeway. "You DIED?" he remembered thinking.

Hampton's death isn't the only reason Plank, 42, works out each morning, eats the same carefully planned, low-fat lunch, wears a Jawbone UP fitness band to track activity and sleep, and is determined to make his company a player in the burgeoning health and fitness tracking market. But the tragedy gave some meaning to Plank's sense that there is a need — and a large market — for products enabling people to be more proactive about their health.

"This is a very personal thing to me," said Plank, adding that he can't shake the belief that there should have been markers to alert Hampton or his doctors of...

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Under Armour beats analysts' sales, earnings estimates in third quarter

Under Armour expects sales to top $3 billion this year, company officials said Thursday, as the brand announced a third-quarter profit jump of 22 percent.

The Baltimore-based sports apparel maker raised its annual sales forecast to $3.03 billion, a 30 percent increase over 2013. That growth, the company said, is propelling what began as a men's athletic apparel brand into one that will be known equally for selling shoes and women's clothing around the globe.

"This milestone just leaves us thinking about what's coming and how to become a bigger and stronger brand," Under Armour CEO and founder Kevin Plank said Thursday during a conference call with analysts.

Under Armour reported net income of $89 million, or 41 cents per share, up from $73 million, or 34 cents per share, for the July-to-September period. Wall Street analysts had estimated earnings of 40 cents a share.

The quarter's sales also topped expectations, rising 30 percent to $938 million from $723 million a year earlier, the...

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Under Armour moves up to 333rd largest company

Under Armour has moved up in rank on the S

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Under Armour picks Finnish company's idea for digital fitness product

Under Armour has never had a problem looking outside its walls for help designing new products.

This year, the brand looked as far away as Finland and Israel in its quest to build a defining training product.

The sports apparel maker picked Omegawave, a company based in Espoo, Finland, as winner of the 2014 Under Armour Future Show, its annual best ideas contest for established companies and startups alike.

The fourth future show was billed as a "Connected Fitness Innovation Challenge." Under Armour wanted to hear about "the next generation" of digital apps and wearable technology that could potentially fit into MapMyFitness software. Under Armour acquired the fitness technology company, creator of the MapMyRun and MapMyRide mobile applications, for $150 million late last year in a move to close the gap on wearable fitness and fitness applications with Nike and other rivals.

During the event earlier this month, Under Armour looked for engineers and software developers who are creating...

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Gravity Defyer shoe company settles trademark infringement lawsuit against Under Armour

A California shoe company that accused Under Armour of trademark infringement settled its lawsuit after five days before a federal court jury.

Gravity Defyer Corp., which makes shock-absorbing athletic footwear using the G Defy trademark, said in a March 2013 complaint that Under Armour intentionally created its "Micro G Defy" women’s running shoe with a sound-alike name that would mislead consumers using search engines and shopping online.

Retailers that sell Under Armour shoes, including Finish Line, Foot Locker, Dick's Sporting Goods and Champs Sports, also were named in Gravity Defyer's lawsuit, filed in U.S. District Court in Los Angeles.

Terms of the settlement, reached Oct. 7, were not disclosed.  A lawsuit dismissal hearing is set for Nov. 24.

The footwear company, which said it filed for the G Defy trademark in July 2009, said it uses the name to distinguish its pro-sport line of shoes from casual and dress lines and said it has long advertised the name in magazines, catalogs,...

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