BALTIMORE—Temperatures were near freezing earlier this month when Under Armour Inc. chief executive Kevin Plank convened a town-hall meeting in a parking garage at the company’s headquarters here. With minimal heat, and with some executives wearing winter hats to keep warm, Mr. Plank got straight to the point. “2017 sucked,” he said. This year, the athletic-apparel company posted its first-ever quarterly sales decline, two consecutive quarters of net losses, laid off nearly 300 employees and lost several top executives.

Source: Wall Street Journal December 25, 2017 12:00 UTC