Research Desk Line-up: Vince Holding Post Earnings Coverage
LONDON, UK / ACCESSWIRE / June 29, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Under Armour Inc. (NYSE: UA), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=UA. The Company announced on June 27, 2017, that Patrik Frisk will become the Company's President and Chief Operating Officer (COO), effective July 10, 2017. The Company additionally announced strategic executive changes, in-line with Frisk's appointment, to align its organizational structure to better leverage its digital business, and support the movement towards category management and drive greater operational efficiency across the leadership of the Company. For immediate access to our complimentary reports, including today's coverage, register for free now at:
Discover more of our free reports coverage from other companies within the Textile - Apparel Clothing industry. Pro-TD has currently selected Vince Holding Corp. (NYSE: VNCE) for due-diligence and potential coverage as the Company reported on June 08, 2017, its unaudited results for Q1 FY17 which ended on April 29, 2017. Tune in to our site to register for a free membership, and be among the early birds that get our report on Vince Holding when we publish it.
At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on UA; also brushing on VNCE. Go directly to your stock of interest and access today's free coverage at:
The New COO
Mr. Frisk will assume the role of President and COO of the Company, taking on the responsibility of Under Armour's go-to-market strategy and the execution of its long-term growth plan. According to the Company, Frisk holds exceptional expertise in brand building and driving a proven and disciplined record of growth while delivering profitability and efficiency. His presence will be instrumental to the Company's works to transform its business model to deliver long-term value for its consumers and shareholders.
Mr. Frisk holds about 30 years of experience in the apparel, footwear, and retail industry. Quite recently, he was the CEO of The Aldo Group, a global footwear and accessories Company. Prior to that, he worked with VF Corporation for over 10 years, where he served as the Coalition President of Outdoor Americas with responsibility for The North Face®, Timberland®, JanSport®, lucy®, and SmartWool® brands. Prior to that, he was the President of the Timberland brand. Initially, before his stint at the VF Corporation, he ran his own retail business in Scandivania and held senior positions with Peak Performance and W.L. Gore & Associates.
Other Management Changes
The Company announced other management changes on June 27, 2017, including, Paul Fipps being named Chief Technology Officer with the duty of overseeing all aspects of engineering that support the Company's multiple web and mobile applications, and its information technology and real estate functions. Colin Browne has been named Chief Supply Chain Officer, with the responsibility for all global operations related to product sourcing and logistics.
Under Armor, in the recent financial year, has undergone major corporate changes, where it announced Clay Dean as the Chief Innovation Officer on March 13, 2017. Mr. Dean assumed the responsibility of driving Under Armour's global vision and strategy for innovation, and cross-functional collaboration with its internal Design, Marketing, Product and Category Management teams.
Prior to the announcement, on January 17, 2017, the Company announced that Lance Allega would be the Company's Vice President of Investor Relations. Under his role, Mr. Allega assumed the duty of communicating Under Armour's growth strategy, financial performance, operating model, and key business metrics.
These leadership announcements are viewed as a step to streamline the organizational structure of the Company and to execute transformative steps focused on a sharper, consumer-led approach and go-to-market strategy, through the category management lens.
Last Close Stock Review
On Wednesday, June 28, 2017, the stock closed the trading session at $20.00, marginally up 0.50% from its previous closing price of $19.90. A total volume of 2.46 million shares have exchanged hands. Under Armour's stock price surged 11.05% in the last one month and 6.16% in the past three months. The stock is trading at a PE ratio of 50.51.
Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email email@example.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: (917) 341.4653
Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: Pro-Trader Daily