Under Armour has been hit hard by the coronavirus pandemic and reported a 23% decline in sales in the first quarter. To help counter the weak start to the year, the shoe and apparel maker plans to cut approximately $325 million in 2020 operating costs. Last month, Under Armour temporarily laid off 6,700 employees.  The quarter brought a net loss of $589.7 million on $930.2 million in revenue, down from a $22.5 million profit during the same period last year. […]

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