Under Armour Economic Analysis - 3606 Words

UNDER ARMOUR Ecomonic Analysis Wisniewski, Angela Table Of Contents 1. Executive Summary 3 2. Company History and Analysis 3 a. Strengths 4 b. Weaknesses 4 c. Opportunities 5 d. Threats 5 3. Microeconomic Analysis 5 4. Macroeconomic Analysis 7 5. Market Structure- Monopolistic Competition 8 e. Consumer Demand 9 6. Market Competition 9 7. Managerial Recommendations 11 8. Conclusion 13 9. Works Cited 14 Executive Summary Under Armour is in the Textile- Apparel Clothing industry, in the consumer goods sector. The market has been driven by economic recovery, new product offerings and a†¦show more content†¦In 1995 the then captain of the University of Maryland football team, Kevin Plank came up with a brilliant idea that will revolutionize the athletic apparel industry forever: microfiber T-shirts designed to wick moisture away from the skin. Almost two decades later, Under Armour is a multi billion-dollar athletic apparel market competing directly with industry giants Nike and Adidas. Under Armour focuses primarily on producing three different lines of clothing (COLDGEAR wit’s cold, HEATGEAR, and ALLSEASONGEAR) along with three different types of fit. In 2011 as the company looked into expanding its brand, it started manufacturing shoes and accessories for all main sports while incorporating the microfiber technologies to them—which gave the company a significant competitive advantage in the high performance apparel market. Under Armour is a growing company with many strengths, weaknesses and opportunities. Many of these qualities will be discussed throughout the paper, but a SWOT analysis is the perfect way to become familiar with the company and it’s economic attributes. Strengths Under Armour’s primary strength lie behind its product quality and innovation. This quality of the product provides high performance and ultimately a strong brand image and loyalty. Another strength would be Under Armour’s ability to developShow MoreRelatedSwot Analysis Of Under Armour987 Words   |  4 PagesExecutive Summary Under Armour is a company that always strives to do better. They are currently trying to expand globally. While Under Armour has higher quality than most of its competitors, the cost of their merchandise is still a lot less than competitors. There are many threats to a highly-competitive sports clothing company such as Under Armor. Like many companies in the retail industry they are faced with the increasing costs of their materials and shipping expenses. Under Armour is trying to connectRead MoreCase Analysis : Under Armour1367 Words   |  6 PagesCase Analysis: Under Armour Situation Analysis I chose the article â€Å"Under Armour is Crushing it, Thanks to Steph Curry.† The article began by explaining how Under Armour recently became a dominant company in the sports apparel industry. 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Since they came into the sports apparel market, they have been a disruptive pioneer who struck fear in top competitors such as Nike and Addias. Under Armour helped reshape the sports apparel industry when they were the first ones to introduce apparel that used synthetic materials such as alter natives to natural fibers, like cotton and polyester. This very importantRead MoreCase Study : Under Armour Case955 Words   |  4 Pages Under armour case 1. What is the task or problem facing the company? The main problems for Under Armour Inc is to maintain a sustainable place in a competitive market. The sports apparel market already has strong companies leading profits. Nike Inc., Columbia Sportswear Company and Adidas AG are the largest direct competitors to Under Armour. 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Kevin Plank started his business with the idea of alteration athlete’s T-shirt. The shirt uses moisture-wicking fabrics to keep athletes cool and dry, and worked in a body to regulate temperature for enhancing athlete performance (Under Aumour, â€Å"About Under Armour† n.d.). Under Armour’s mission statement is to make all athletes better through passion, design and the relentless