Under Armour has been one of the most talked about brands in marketing in recent years – and was also ranked as the sixth most innovative company in the world last year by Forbes, the business magazine.
But following disappointing results in the second quarter of 2017, the brand has set tongues wagging for very different reasons. Amid lagging footwear and apparel sales, the Wall Street Journal reported that 2% of Under Armour's workforce would be cut as the business looked to restructure. And shares fell towards a four-year low following the announcement, as the sporting goods group announced its...