The recent deal with Kohl's to sell its products in more than 1100 stores could mark the start of expanding sales to the athletically disinclined, a lucrative market for rivals Nike and Adidas, Barron's said on Sunday.
Shares of Lululemon Athletica Inc were set for their biggest one-day percentage loss in more than eight years on Thursday, after the Canadian yogawear apparel maker warned that first-quarter sales would fall.
Nike Inc reported lower-than-expected quarterly revenue on Tuesday as the world's largest footwear maker battles for market share in North America with a resurgent Adidas AG and a fast-growing Under Armour Inc.
Adidas set a target on Tuesday for sales in North America to rise by almost half by 2020, predicting strong demand will continue for fashion sneakers after its retro Superstar was the top selling shoe there in 2016.
Dean joins Under Armour from General Motors where he led the Global Advanced Design organization and served as Chief Designer for the Hummer. He will be based out of the company's Baltimore headquarters.