Elizabeth Winkler
speaker
99 appearances
4 recordings
1 series
first heard Jul 2018
last heard Dec 2018
Elizabeth Winkler’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · Under Armour: Are #MeToo and Growth Problems Connected? · 14 Dec 2018
podcast
That's right.
Yeah, it's not just about women feeling uncomfortable at a company or, you know, not being treated fairly.
You know, usually we've now come to understand that bad corporate governance impacts the financial performance of a company more broadly and can be an indicator of other problems beyond just, you know, the treatment of women.
Well, at an annual investor meeting yesterday, it lowered its outlook at least below what analysts were hoping for.
So that was quite disappointing for investors.
That's right.
Yes, it really took off in its early years.
The stock hit a high in 2015, but it hasn't really evolved, for one, with the athleisure trend.
Under Armour is more of a gym-only, performance-driven brand, or at least that's how it's perceived.
And athleisure brands like Lululemon and Athleta have become really popular.
Sports Authority, which was a major retailer for Under Armour, went bankrupt, so that's also been damaging.
Yeah, that means they're going up against Adidas and Nike and Lululemon.
And trying to steal sales, especially in the women's wear market, is challenging when so many women really love Nike, they love Lululemon.
It really is.
It's interesting because when the Journal reported over a month ago that women were experiencing really inappropriate behavior at Under Armour and the strip club visits charged to corporate cards were just one factor there, the stock didn't move at all.
Investors...
apparently didn't care.
They didn't think it mattered.
It wasn't important.
As long as the company appeared to be doing well financially, the fact that behavior there was inappropriate wasn't relevant to them.
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