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Under Armour Stung By Cancelled Orders, China Closures

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Under Armour saw net sales increase 2.7 percent to $1.27 billion in its transition quarter as the athleticwear and footwear maker felt the brunt of supply chain headwinds spanning order cancellations to store closures in China. The Baltimore company’s net losses of $59.6 million largely stemmed from charges related to its 2020 restructuring plan. The…

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