@IBD_elow Breaks that Stores are ‘Canceling’ Under Armour Orders
New changes at Nike include a 2% cut to its global workforce. Meanwhile, one analyst says stores are “likely canceling” Under Armour product orders. Source: Nike To Shrink Workforce As Stores Seen ‘Canceling’ Under Armour | Stock News & Stock Market Analysis – IBD As information broke this morning on layoffs looming at Nike, Elaine…