Motley Fool Money
Under Armour CEO Walks The Plank
Mar 14, 2024
In a compelling discussion, Jason Hall, a Motley Fool contributor, analyzes Kevin Plank's return to CEO at Under Armour and what it means for the brand's future. He also examines the resilience of Dick’s Sporting Goods in today’s retail landscape. Meanwhile, Gal Krubiner, CEO of fintech company Pagaya, shares insights on how AI is revolutionizing loan approvals, highlighting its potential to improve credit access for underserved borrowers. They explore the challenges in the homebuilding market, framed by fluctuating interest rates and inventory pressures.
31:48
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Quick takeaways
- Under Armour aims to revive growth with innovative products like Charged Cotton amidst market challenges.
- Dick's Sporting Goods succeeds by prioritizing customer engagement and diversification to navigate changing retail landscape.
Deep dives
Return to Under Armour's Roots
Kevin Plank has returned as the CEO of Under Armour, aiming to recapture the company's initial 20% year-over-year revenue growth by reigniting its early success with innovative products like Charged Cotton. However, changes in the competitive market, such as shifts in brick-and-mortar strategies and shifts in customer preferences towards companies like Lululemon, pose challenges for the brand's revival.
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