Business & Tech
Under Armour Founder and Lindsey Vonn Say Gear is for Women of All Sizes
The Baltimore-based sportswear maker is helping to outfit athletes at the 2014 Winter Olympics in Sochi, Russia. And CEO Kevin Plank weighs in on the Lululemon controversy.

Under Armour is in the news.
Under Armour active wear is made for women of all shapes and sizes, CEO Kevin Plank said in a recent interview onΒ Bloomberg TV.Β
Plank appeared with Olympic medalist andΒ downhill skier Lindsey VonnΒ to talk about his companyβs new cold-weather clothing line for athletes competing in theΒ 2014 Winter Olympics in Russia.
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But Plank was also asked for his take onΒ Lululemon founder Chip Wilsonβs recent comments in an interview. Wilson said there are some womenβs bodies that just arenβt a good fit for his companyβs yoga apparel and running gear.
βStreet Smartβ host Trish Regan asked Plank if Under Armour is made for all women.
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βItβs about making all athletes better, and so we donβt put any limitations on exactly what that means,β Plank said. βFrom the very best, like Lindsey, all the way down to someone who maybe just wants to lose a couple pounds and feel better, I think thatβs where Under Armour begins and ends.βΒ
Vonn agreed, saying sheβs not βa teeny, tiny yoga model, thatβs not why Iβm with the companyβ and Under Armourβs durable clothing helps her perform better.
Winter Olympics Clothing
Regan asked Plank how the international exposure that will come with the Olympics is likely to help build Under Armourβs brand. The company is known as a North American brand, the CEO replied, with less than 10 percent of its revenue coming from international markets.
βBeing global β¦ is a massive goal and initiative for us,β Plank said. βBecoming a global company, finding the resources that we can spend on a global stage like the Olympics, and have marquis athletes like Lindsey here, (speed skater) Shani Davis, other members that we have . β¦ The Olympics is where the whole world stops and says βwhatβs happening in sportβ every two or four years. To participate at this level, itβs bigger than we were way back in 2010.β
Vonn, who blew out her knee a year ago, said sheβs looking forward to wearing Under Armourβs new gear in her first race since rehab, which takes place after Thanksgiving.
Plank was asked how the company will convince consumers to switch from a brand theyβve associated with a sport to Under Armour. Touting its commitment to technology, Plank said, βItβs a long road up, but that what speaks to so much opportunity the Under Armour brand has in front of us.βΒ
New Commercial Unveiled
The company has a new television commercial β narrated by Plank -- that features Olympic athletes such as Vonn interspersed with kids wearing Under Armour, along with Willie Robertson from the popularΒ reality show βDuck Dynasty.β
The Baltimore-based sportswear maker launched its new marketing campaign centered on ColdGear Infrared, a ceramic lining inside Under Armourβs newest cold weather gear designed to keep athletes warmer longer. The campaign debuted Tuesday in Denver, saysΒ Baltimore Business Journal.
The commercial is co-branded with Dickβs Sporting Goods and also includesΒ Cam NewtonΒ of the NFL and professional golferΒ Jordan Spieth. The advertisement is the latest installment in Under Armourβs βI Willβ campaign, the Business Journal reports.
Shoe Sales DisappointingΒ
On the heels of a strong third quarter,Β Under Armour Inc.βsΒ shoe sales slowed in October, theΒ Business Journal recently reported.
The Baltimore companyβs shoe sales βcooled offβ last month, an analyst with SportsOneSource told the Journal, although sales grew 13 percent. That's far behind Octoberβs hottest brand, the Jordan division ofΒ Nike Inc., which saw sales jump 30 percent.
In September, Under ArmourΒ grew its shoe sales more than any other brand, the Business Journal reported. And it posted the strongest overall growth in sports footwear in the third quarter, with sales climbing 30 percent.
Two-thirds of the companyβs growth in the third quarter came from the brandβs Highlight cleat. Under Armour also grew its running shoe sales 20 percent, nabbing a 2.7 percent share of the running segment.
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