, Columnist
Under Armour's Shoe Business Must Step It Up
Footwear is its best bet for quick growth, but it's lagging Nike badly.
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In a year that has been plenty humbling for much of the retail industry, few companies have gotten quite the comeuppance Under Armour Inc. has.
The athletic apparel giant reported on Tuesday that its revenue in the latest quarter was up 9 percent over the same period a year earlier. That marks the third consecutive quarter in which growth in this measure was lower than 20 percent -- a pullback from a streak of blockbuster growth lasting more than six years.