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

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

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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