Under Armour is laying off workers as retailer says North America sales will plunge this year

Under Armour clothing is seen for sale in a store in Manhattan, New York City, February 7, 2022.Under Armour announced a broad restructuring plan on Thursday as it said sales in its largest market, North America, plunged 10% and predicted the trend will get worse throughout its current fiscal year. The athletic apparel retailer also saw profits plunge by more than 96% during its fourth fiscal quarter, compared with the year ago period. It's unclear how many employees Under Armour will lay off as part of the ...