Under Armour said lockdown disruptions contributed to its Asia-Pacific revenues falling 14% in the quarter, as well as affected transportation, which caused delivery delays. Luggage manufacturer Samsonite had one of its worst sales months in China in the past two years in April, and while sales are improving this month, they are still “significantly down.”.

Crocs, Nike, Under Armour, and Yeti are each focused on growing their D2C sales to build deeper connections with consumers and exert more control over their brands. That’s leading Yeti to end its wholesale relationship with Lowe’s.

The opening: While some retailers, like Under Armour, have followed in Nike’s footsteps by expanding their D2C business, others, like Puma and Reebok, are doubling down on wholesale.

Today, competitors offer major products in connected clothing (Under Armour, Jacquard by Google), rings (Movano, Oura), and connected glasses (Snap’s Spectacles, Vuzix, Facebook’s Stories). Gartner predicts rapid growth in most of these areas, except wristbands. Tech’s Long-Term Plans Rely on Wearables. Big Tech’s focus on the metaverse will juice development of more capable wearables.

Today, competitors offer major products in connected clothing (Under Armour, Jacquard by Google), rings (Movano, Oura), and connected glasses (Snap’s Spectacles, Vuzix, Facebook’s Stories). Gartner predicts rapid growth in most of these areas, except wristbands. Read the full report.

Business Insider Intelligence research analyst Daniel Keyes and eMarketer principal analyst at Insider Intelligence Andrew Lipsman discuss how Amazon tripled its revenues during an economic recession. They then talk about how Pinterest posted such strong Q3 growth, Walmart converting some stores into ecommerce labs, and Under Armour selling its smartphone app MyFitnessPal.

Participating brands include Amazon Prime Video, Coca-Cola, Hollister, Under Armour, Verizon, and Walmart. Snapchat’s AR offering is powered by Lens Studio, which allows brands to create, publish, and share Lenses to the platform. Recent Commerce-Related AR Product Developments.

“A fitness influencer might create their own line of supplement bars, but that doesn’t mean they can’t do sponsorships with Nike, Fitbit, or Under Armour. There are just so many different types of brands in every vertical, so it’s not mutually exclusive at all.”. Instead, marketers should take this as further proof that creators can drive conversions.

To me, it was much more relevant to market our products in a way that was similar to Nike, Under Armour or lululemon athletica—products that, even though you wear them on a kind of lifestyle basis and they are touching your skin, have a really important functional component.”.

That same day, founder and CEO of Under Armour, Kevin Plank, said he would relinquish his post and assume the executive chairman role amid flatlining sales and potential accounting issues at the company.