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Under Armour CEO says some US stores that reopen could shut again

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Under Armour’s CEO told CNBC on Tuesday the company will reopen but then may have to close some U.S. stores again because of the coronavirus. 

“We are going to see a gradual opening, and I think there’s going to be a few ups and downs in terms of potentially shutting down stores, reopening stores,” Chief Executive Officer Patrik Frisk told CNBC’s Sara Eisen. “It will be gradual, we believe.” 

The reopenings begin this week and will continue in phases into June, he said.

He noted that the company has had a “gradual comeback” in China, where pandemic originated, leading him to expect a similar scenario in the United States. As of March 31, it operated 188 stores in North America, including…



Source cnbc.com

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