This audio is auto-generated. Please let us know if you have feedback.
Dive Brief:
Under Armour has cut 25% of its SKUs over the last two years as the retailer targets a more disciplined inventory approach, President and CEO Kevin Plank said during a May 12 earnings call.
The retailer expects to make further reductions, prioritizing “fewer, better products” that align with concentrated demand alongside a less complex supply chain, Plank told analysts.
“Importantly, this is not just lower inventory, but better inventory with improved quality driven by tighter buys, a more focused assortment and stronger alignment with demand,” Reza Taleghani, EVP and CFO, told analysts.
