apparel

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Apparel lifts Under Armour’s quarter

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By Liz Farmer
Daily Record Business Writer

Baltimore-based Under Armour Inc. beat analysts’ estimates and nearly doubled its fourth-quarter profit in 2009 — an increase helped by gains in its apparel business during the holiday season, the company said Thursday.

The results prompted the athletic apparel maker to raise its 2010 projections by 10 to 12 percent to between $945 million and $960 million.

The company’s fourth-quarter net income increased by 83 percent to $15.2 million, or 30 cents per share, compared with $8.3 million, or 17 cents per share, a year earlier. Under Armour also reported a 22.5 percent rise in its profit for the year, netting $46.7 million compared with $36.2 million in 2008.

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This Super Bowl weekend, Under Armour taking grassroots marketing approach

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LIZ FARMER
Daily Record Business Writer
January 29, 2009 6:21 PM

When Pittsburgh and Arizona square off Sunday in Super Bowl XLIII, it will be the finale to weeks of anticipation and media coverage, and one Baltimore company is looking to again cash in on the buzz.

After paying big bucks for a Super Bowl television ad last year to announce its cross-trainer shoe — then seeing its share price fall partly in response — Under Armour is taking a grassroots approach this year in Tampa to marketing its new running shoe on the sporting world’s biggest stage.

The athletic apparel company’s senior vice president for brand, Steve Battista, said a television ad this year just didn’t fit into the strategy for the shoe’s launch Saturday.

“Remember last year, no one had ever even seen what Under Armour [non-cleated] footwear looked like,” he wrote in an e-mail. “The Super Bowl is great for that.”

Instead, Under Armour sent a team of salespeople and athletes to market the new product at the NFL Experience — the Super Bowl’s fanfest at Raymond James Stadium — through activities and athlete demonstrations. Visitors can test out the new shoe in a 40-yard dash and in training sessions, or browse Under Armour’s retail section which will include the new shoes on Saturday.

Flacco, others cashing in as Ravens keep Super Bowl dreams alive

LIZ FARMER
Daily Record Business Writer
January 12, 2009 7:06 PM

Try as he might to maintain his “Joe Cool” composure, Ravens quarterback sensation Joe Flacco is not just your average Joe anymore.

From “I [heart] Joe” T-shirts to buying the Web site “JoeTheQuarterback.com” to the Ravens’ slogan “Wacko for Flacco,” opportunists in the Baltimore region are cashing in on the rookie’s rise to fame as he heads the team’s bid for Super Bowl XLIII.

“He’s a week away from being Elvis,” said Joe Linta, Flacco’s agent and president of Connecticut-based JL Sports.

Linta and Flacco have partnered with Alumni Management Group, a Pikesville public relations agency that also represents Ravens Ray Lewis and Troy Smith, to handle Flacco’s local marketing opportunities. And according to AMG President Seth Katz, interested parties have been chomping at the bit in the last several weeks.

“We have been inundated with opportunities,” Katz said. “We look to treat everyone as a partner between Team Flacco, and while I don’t want to suggest we were rewarding someone who came to us earlier, if they approached us a couple months ago they would have bought into Team Flacco at the ground floor. Whereas now it’s Johnny-come-lately.”