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5 Exciting Releases from
Under Armour's Investor Day
Слайд 21 – New headquarters
CEO Kevin Plank said that Under Armour is
outgrowing its small urban headquarters in downtown Baltimore.
To continue attracting world-class talent and keep the business growing, it is preparing a new and more expansive HQ in south Baltimore that will hold its first occupants by January 2016.
Слайд 41 – New headquarters
“The time has come for us to build
a better house - not just a bad ass house, which you can count on, but one that’s also going to maximize and optimize workflow.” – Kevin Plank
The new campus will feature innovation labs, sporting and fitness fields, and also public spaces to help “beautify” the city.
Слайд 62 – Steph Curry signs through 2024
Слайд 72 – Steph Curry signs through 2024
Golden State Warriors guard and
UA-sponsored basketball player Steph Curry won league MVP for the 2014-15 season.
Under Armour announced that Curry re-signed with UA through the 2024 season, likely the player’s entire career.
This is huge for Under Armour, as it plans to expand its basketball segment to $1 billion in annual sales within a few years.
Слайд 83 – New footwear
While footwear is only about 14% of total
sales now, Under Armour plans to grow that to 22% of the business at $1.7 billion in annual sales by 2018.
Speaking of Curry, basketball shoes will make up a big part of that footwear growth. The Curry One shoes helped UA grow basketball shoe sales by an estimated over 700% in the recent quarter year over year.
The Curry Two (pictured on the next slide) will be released in the U.S. on Oct. 24.
Слайд 103 – New footwear
Running shoes are getting an upgrade as well.
The Speedform Slingshot has custom-engineered yarn that is 15 times stronger than steel by weight, but still very elastic and breathable.
The Speedform Amp has been engineered to create the most customized fit of any of UA’s shoes yet as it exactly contours to the shape of one’s foot.
Слайд 134 – International expansion plans
Under Armour gets only about 10% of
its revenue from outside of North America, but plans to increase that rapidly over the next few years to 18% by 2018.
In 2014, Under Armour developed the brand in the U.K, New Zealand, Australia, Singapore, the Philippines, Brazil, Chile, Mexico, and more.
Over the next few years Under Armour plans to expand in France, Turkey, South Africa, Eastern Europe, Russia, Southeast Asia, India, and South America.
Слайд 144 – International expansion plans
Слайд 165 – Record 2.0
Under Armour's Connected Fitness platform of 4 separate
apps already has over 150 million users, adding about 100,000 new people each day.
The Record 2.0 upgrade includes more holistic monitoring of not only activity and food, but also sleep and mood to track when you perform at your best.
In 2016 Under Armour will focus on hardware and tracking, in 2017 on hardware partnerships, and beyond that on connected smart apparel.
Слайд 18The next billion-dollar iSecret
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