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Posted on 8/21/14 at 9:14 am to roguetiger15
quote:
means that Under Armour would be devoting nearly 10 percent of its current annual marketing budget on him.
thats pretty ballsy
True, but they're trying to grow their basketball revenues from a minuscule percentage and gain market share. You don't do that without making waves and taking chances.
quote:
Although Under Armour has given investors guidance that it might hit $3 billion in revenues this year, only about one percent of that is from basketball shoes
This is the main reason they're making a huge play for basketball. Basketball will only grow in popularity in the next 20 years.
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