very cheap ugg boots for sale Under Armour hopes to hit its stride in footwear with ClutchFit rollout
Under Armour, which has wooed consumers with sweat wicking T shirts and other innovations, is banking on a new fabric that conforms to the foot like a second skin to help the company break into the crowded athletic shoe market.
The Baltimore based athletic wear maker is promoting its newly developed ClutchFit a lightweight, stretch material designed to move with the foot without bunching or binding as one of its latest innovations. And it’s betting the technology will revolutionize shoes across multiple sports and pay off in a bigger share of the booming footwear market.
But experts say it’s too soon to tell whether the latest footwear will boost the brand’s small but growing shoe business, a 13 percent piece of the company’s $2.3 billion in annual sales.
ClutchFit designed shoes began showing up in stores in March in this year’s version of Under Armour’s Highlight football cleats. Sports fans got a first look at the basketball shoes, to debut for the back to school season, when point guard Stephen Curry of the Golden State Warriors wore a pair during the NBA playoffs.
This month, the brand is rolling out the ClutchFit Force soccer cleat and Spine ClutchFit running shoe. A new metal baseball cleat, an attempt to get a bigger share of the high school athlete market, will be released during the MLB All Star Game this summer and in stores by August.
And ClutchFit’s hourglass patterned material also will make its way to base layer T shirts, leggings and shorts by August and to other apparel and accessories later, said Josh Rattet, Under Armour’s vice president of footwear for team sports.
“The premise behind ClutchFit is this revolutionary second skin kind of material that flexes under pressure,” with the ability to conform to the foot or body and become thicker, rather than thinner when stretched, Rattet said. “It really locks you in when it matters most and has the right amount of give when needed. This innovative product will definitely be involved in our future growth.”
“It doesn’t just fit you it fits how you move,” according to marketing materials for ClutchFit, which Under Armour began developing in its “innovation lab” nearly two years ago.
The material is among the new synthetic textiles emerging in the athletic footwear industry to replace the traditional shoe uppers of leather, canvas, nylon and cotton, said John Brilliant, founder and publisher of CounterKicks, a website that covers the sneaker industry.
Such textiles “have more advantageous performance benefits by not breaking down and wearing thin in high stress areas of the foot or sneaker as they have in the past,” Brilliant said in an email.
In what he called the new golden age of sneaker innovation, “Baltimore’s Under Armour is certainly a player.”
The launch of ClutchFit shoes follows Under Armour’s debut of its Speedform Apollo running shoe in February, an update of a version released last year as Under Armour tries to capture a bigger share of the running category dominated by larger brands such as Nike.
The updated Speedform has drawn a favorable response from retailers, said Sam Poser, an analyst with Sterne Agee in New York.
“We think the company will succeed in footwear,” Randal J. Konik, a New York based analyst for Jefferies, said in a report Thursday. “After many years of trial and error and limited success, we believe [Under Armour] is on the verge of a breakthrough with its Speedform,” which he said helped drive the company’s 41 percent increase in footwear sales in the first three months of the year.
Under Armour got its start in apparel and is much better known for it than footwear. It entered the shoe market in mid 2006 with football, baseball and softball cleats, but has sold non cleated shoes only since 2008, starting with training shoes, followed by running and basketball shoes. It continued the push into running last year with the first generation of Speedform.
Besides international growth and sales to women, Under Armour sees some of its greatest potential in the athletic footwear market. It has so far made only a dent, with a less than 2 percent share of a market dominated by rivals Nike, Reebok, Converse and others.
“We all know how competitive the market is, with [rival] brands 100 percent focused on negating our ability to grow,” Rattet said. Under Armour intends to boost its market share, he said, by “giving consumers an experience they are not currently getting. We’re going to be a significant player globally. appetite is there. The innovation pipeline is robust.”
Analysts said the company’s roots and skyrocketing growth in apparel give it the ability to capitalize on other growth areas, including footwear.
Though “they’re still gaining credibility in footwear, they’re working very methodically on trying to get stuff going,” Poser said. “They’ve done a good job in cleats, but on non cleated it’s still a work in progress.”