vegassports-odds.com
vegassports-odds.com June 26, 2017


Under Armour CEO retracts comments praising Trump after backlash

17 February 2017, 01:26 | Joan Schultz

More than a week after Under Armour chief executive Kevin Plank went on CNBC and praised President Trump as "a real asset for this country", sparking criticism from celebrity endorsers, the sports apparel company is still playing defense.

Two other prominent Under Armour endorsers, ballerina Misty Copeland and former wrestler turned Hollywood superstar Dwayne "The Rock" Johnson, have also taken issue with Plank's comments on Trump. Also, the company opposes the president's travel ban. Copeland wrote in an Instagram post she was so concerned about Plank's comments that she spoke to him directly.

Curry, the two-time defending NBA MVP who reportedly brought Under Armour $200 million in 2016 sales, responded to Plank's description of Trump as an "asset" to the country in a tweet: "I agree with that description, if you remove the 'et'".

"Commentary by CEO Kevin Plank in a polarized political climate and the pointed response by Stephen Curry make it almost impossible to effectively build a cool urban lifestyle brand in the foreseeable future", the analyst, Susquehanna International Group's Sam Poser, wrote in a research note Wednesday. Some of the company's own celebrity endorsers have spoken out against Mr. Plank's comments, including the National Basketball Association superstar Steph Curry. "I want to clarify for our hometown exactly the values for which Under Armour and I stand". "At this point we don't believe Under Armour is in danger of losing Steph Curry", Poser said in his note, according to Bloomberg. They rose 0.6 per cent to $US21.89 in NY on Wednesday.

Plank had said of President Trump: "I think he's highly passionate".

In responding to concerns about yoga-pant pilling, founder Chip Wilson said the problem was the bodies of some customers.

3 found dead in Australia water tank
Emergency service personnel worked long into the night attempting to pull the victims' bodies from the well. NSW Police Superintendent Andrew Koutsoufis said the deaths appeared to be a tragic accident.

Head of Libya's unity govt to meet rival army chief
Last week, United Nations envoy Martin Kobler said that negotiations on "possible amendments" to the 2015 accord had been underway for two months.

Attacks on judges 'undermine rule of law': United Kingdom court chief
Lord Neuberger said politicians did not speak out quickly or clearly enough and some media attacks had been unfair. The Supreme Court chief later upheld the decision after the PM unsuccessfully appealed to the country's top court.

That incident led to a "strike" by some Lululemon customers, Poser said.

On Wednesday, one well-known analyst lowered his rating of Baltimore-based Under Armour from "neutral" to "negative" and its price target from $24 per share to $14 per share.

In Under Armour's case, the company later took steps to distance itself from Trump by opposing his executive order on immigration.

Kevin Plank, founder of Under Armour, took out a full-page ad to talk about the company's values, including diversity, entrepreneurship and job creation.

He also touched on Under Armour's positive impact in Baltimore, "by doubling down on our company's presence and our investment in this city, and by making unprecedented commitments to education, workforce, development and local hiring". The ad didn't mention Trump by name.



Other News

Trending Now

Here are the stage lengths for every Cup Series race in 2017
This event will determine who will race in the front row (spots 1 and 2) for the Daytona 500. First on February 19 when two rounds of single-car qualifying will kick in.

Alexis Sanchez will leave Arsenal in the summer
Isco is a sensational player and has the kind of technical ability combined with pace that will really work in the Premier League. When asked if it is his lowest point, Wenger replied: "How I feel, I don't think, is the most important.

Arsene Wenger defends Champions League record
Former Chelsea boss Ancelotti was speaking before Wednesday's Champions League last-16 first leg tie between the sides in Germany. If I said that I will make a decision in March or April, it is because I did not know.

Samsung Heir Again Faces Arrest in South Korea Bribery Scandal
If Park's impeachment holds, then she will become the first South Korean leader to leave office before her term ends. The investigation into Samsung is part of the wider one into dozens of other South Korean companies.