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In Furloughing 6,000, Under Armour Lays Out Restructuring Plan

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

Under Armour Inc. is temporarily shrinking its workforce in reaction to pandemic-induced store closures and operational upheaval. On Friday, the Baltimore-based athletic powerhouse laid out its action plan to cope with the growing coronavirus outbreak in the U.S., which is battling more than 261,000 cases and rising. The company’s stores will remain temporarily closed until…

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