Under Armour Case Analysis - 1468 Words

Under Armour is an existing firm that has taken large steps to become a major disrupter in the athletic apparel and footwear market. As this will primarily focus on the footwear segment of this company, it is vital to understand that the entire makeup and beginnings were due to the apparel aspect of their venture. The athletic apparel industry is tumultuous and with recent hits to the market the shoe segment is just as fragile as the rest. With the closure of Sports Authority in the last year, companies such as Nike and Under Armour, have seen a large decrease instead of once thought of as an ongoing increase to their profits lately. One attributing factor for this, is the vast amounts of inventory that has been accumulated from the†¦show more content†¦Under Armour as a developing rookie in the field, for which market share is so valuable, has accomplished what was unthinkable just a few years ago. Taking on the companies that are behemoths and staples of a sports world era, names like Nike, Adidas, and Reebok (Now owned by Adidas). Under Armour continues to topple those whom one-by-one became complacent in their prospective portion of the market, and has sights to overtake them all. The beginnings of Under Armour company does not vary radically from the traditional entrepreneur tale, which begins of a determined opportunist, whose question of, â€Å"why isn’t there...?† drives that individual to develop a solution and market it successfully. This mirrors the characteristics of Kevin Plank, CEO and founder of Under Armour Inc., whose appetite for success was apparent very early in his life. Kevin Plank grew up in Kensington, Md., raised by a real-estate developer father and a mother who became the local mayor during Plank s childhood. Plank was also the youngest of five boys, which could have stoked the underdog spirit that has been the basis of Under Armour s own story (McNew, 2015). Plank got kicked out of his high school after an alcohol-fueled brawl with Georgetown football players and later walked onto the University of Maryland s football team after college recruitersShow MoreRelatedCase Analysis : Under Armour1367 Words   |  6 PagesCase Analysis: Under Armour Situation Analysis I chose the article â€Å"Under Armour is Crushing it, Thanks to Steph Curry.† The article began by explaining how Under Armour recently became a dominant company in the sports apparel industry. Footwear sales are up 64% from the first three months of 2016, and overall sales have increased by 30%, largely due to overseas business. The reason for this continued success? Stephen Curry. In 2013, Curry’s contract with Nike expired and he chose to endorse UnderRead MoreUnder Armour Case Analysis3785 Words   |  16 Pagesï » ¿ Introduction Under Armour is currently one of the leading companies in the sports apparel industry whose mission is to â€Å"Make all athletes better through passion, science, and the relentless pursuit of innovation†.1 When Under Armour first broke into the sports apparel industry it was a disruptive pioneer that initially made the two giants, Nike and Adidas, a little weary. Under Armour revolutionized the sports apparel industry by creating apparel that used synthetic materials as anRead MoreUnder Armour Case Study Analysis1292 Words   |  6 PagesUnder Armour Case Study Today s companies may struggle with developing and maintaining a strategy to ensure long-term success in the current global marketplace. Under Armour is no exception, they desire to challenge industry titans, Nike and Adidas, and seize market share in the demanding sports apparel arena. Explored in detail, Under Armour’s strategy through examination of the company’s history, mission, influences, and capabilities along with recommendations, based on a study by Arthur A. ThompsonRead MoreUnder Armour Case Study Analysis1394 Words   |  6 Pages Under Armour Case Study The original of Under Armour is KP sports, which is founded in 1996 by Scott Plank. He is a former college football player. Under Armour is a rising company in the sports apparel industry whose mission is to â€Å"Make all athletes better through passion, science and the relentless pursuit of innovation†. Under Armour was an indigenous innovator in the sports apparel industry by creating sports apparel using synthetic materials as an alternative to natural fibersRead MoreUnder Armour Case Analysis Essay6076 Words   |  25 PagesPerformance†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦5 3. External Analysis†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..7 3.1 Driving Force for Change†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦7 3.2 Porters Five Forces Model†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦8 3.3 Key Success Factors†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.11 3.4 Summary of External Analysis†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦13 4. Internal Analysis†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...†¦Ã¢â‚¬ ¦13 4.1 Resources and Competences†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦14 4.2 Value Chain Analysis†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦15 4.3 ComparisonRead MoreCase Analysis : Under Armour2199 Words   |  9 PagesUnder Armour Analysis Introduction There is always an inherent risk when financial investments are made. According to financial analysts and investment professionals, there is no such thing as a sure bet, only varying levels of risk (Investor.gov, 2014). To alleviate that risk, a thorough process of research and analysis is done to screen potential investment opportunities. One such business that presents a low risk, yet high reward potential, is Under Armour. To accurately assess the risks involvedRead MoreThe Stock For Under Armour1595 Words   |  7 PagesDespite Nike playing on the large stage of sport apparel and shoes, another company is rising to the occasion, Under Armour. With growing interest and production, Under Armour is taking the fast track to becoming a big rival to the other sports companies. This group has chosen to research and analyze the stock for Under Armour. Under Armour was chosen as this group’s investment because it had high PE ratio compared to the other companies researched. Research began on October 5th 2015, with a closingRead MoreThe Competitive Forces Confronting Under Armour Essay1541 Words   |  7 PagesUnder Armour An event such as the Olympic Games is an opportunity for manufacturers such as Under Armour to sponsor the national team from where the company is founded. In this case, Under Armour got the contract of developing the suits for the U.S. National Speed Skating Team. While companies such as Adidas could potentially provide the suits, Under Armour has the advantage of being an American company. While Nike is a direct competitor, speed skating is not something is commonly attracted to massesRead MoreThe Marketing Strategy Of Kevin Plank Essay1210 Words   |  5 PagesKevin Plank has founded Under Armour after noticing the failure of their sport jersey (Under Armour, 2015). Since that time Under Armour went public and is part of American well-known sport gear maker. In this pose, the company produces its production focused on inner various sports wears on a global stage (Under Armour, 2015). Identically, Plank’s business becomes emerging in the sport apparel industry. Likewise qua lity and innovation are important to maintain an acceptable competitive level withRead MoreCompetitive Forces Confronting Under Armour, Nike, And The Adidas Group1726 Words   |  7 Pagescompetitive forces confronting Under Armour, Nike, and The Adidas Group? Do a five-forces analysis to support your answer. Under Armour, Nike and Adidas are the top three brands known worldwide. These three companies were able to gain a strong brand to make a name for themselves in the sports apparel market today. On the other hand, Under Armour has become one of the top leading distributing companies to offer athletic apparel, footwear amongst many other things. â€Å"In 2013, Under Armour had a 14.7 percent share