Under Armour, Like Rivals, Hit by Pandemic Store Closures

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Under Armour Inc. said sales declined significantly in the second quarter because of the coronavirus pandemic but weren’t as bad as the sportswear retailer was expecting.

Chief Executive Patrik Frisk said he was encouraged by momentum in June and July, but the company warned that sales could decline as much as 25% in the second half of the year.

Friday,…



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