Under Armour under water?
Hey hey, Baltimore. Today, I've got some questions based on our iconic, harbor skyline-dominating athletic apparel giant. Maybe you love working out in their clothes. Maybe you love lounging around in their clothes (raises hand). However you feel about 'em, Under Armour is here, and it's going through ... something.
Yesterday, The Baltimore Sun and other outlets reported that Under Armour will be removed from the S&P 500 stock market index. The move reflects drops in the retailer's share value over the past several months, which coincided with the company missing revenue projections, losing CEO Patrik Frisk to an unexplained resignation, and being sued over a murder-suicide at one of its Florida stores.
Of course, not all of these developments are causally linked to the S&P reconfiguration, and they aren't the company's first bouts with bad news. But taken together, they do cast suspicion on just how stable the company is.
What do you think about Under Armour's latest challenges? Do you know any employees who'd like to speak about them? Let us know by replying to this email or sending a note to baltimore@technical.ly with your thoughts.
—Technical.ly editor Sameer Rao (sameer@technical.ly)
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