Under Armour Is Warning Of More Trouble Ahead In North America

Under Armour is continuing to struggle on its home turf, saying on Tuesday that sales in North America dropped 3% during its second quarter. The athletic-wear company also wants investors to brace for more of the same. It now expects a “slight decline” in revenue in North America for the full year, which is down from a previous forecast of “relatively flat” sales in its biggest market. Shares fell 15% in morning trading. Read more at Forbes.