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Under Armour brand launches first retail theater specialty store in Shanghai
Under Armour has opened its first retail theater specialty store at the Jing An Kerry Centre in Shanghai, China. The store features a multi-dimensional short film that depicts athletes who use the brand.
Founder and CEO Kevin Plank and Under Armour athlete Michael Phelps were on hand to host the grand opening event.
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Pier 1 announces $200 million share repurchase program
Fort Worth, Texas -- Pier 1 Imports announced that its board of directors has authorized a new $200 million share repurchase program.
The new share repurchase program is effective immediately and authorizes the repurchase of up to $200 million of the company’s common stock in open market or private transactions. As of October 17, 2013, Pier I had approximately 103.8 million shares of common stock outstanding.