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The other shoe has dropped for struggling sneaker company Under Armour.Under Armour reported quarterly sales Tuesday that fell nearly 5% from a year ago, missing forecasts badly. The company also lowered its outlook for the year again.That news sent the company's two classes of stock down more than 15% Tuesday. They had already lost nearly half their value for the year ahead of the earnings report. (Under Armour's UAA shares have voting rights while the UA shares do not.)CEO Kevin Plank said in the earnings release that the biggest problem is lower demand for its shoes and athletic apparel in its home market of the United States.The Baltimore-based company has been growing internationally, with sales surging in Europe, Latin America and Asia during the quarter.But those markets are still relatively tiny for Under Armour. Revenue in North America makes up more than three-quarters of its overall sales -- and those sales plunged 12% in the third quarter.It's a stunning fall from grace for Under Armour, which not that long ago was gaining market share at the expense of Nike and Adidas.The company signed Golden State Warriors star Steph Curry a few years ago, a move that seemed like a slam dunk success, since Curry has gone on to win multiple NBA MVP awards and two championships.But several iterations of the Curry shoes have routinely been mocked on social media for not looking cool. Even Curry's teammate Kevin Durant, who endorses Nike, poked fun at Under Armour earlier this year.Making matters worse, there have been reports of supply chain issues with the new Curry 4 line of sneakers. And Under Armour confirmed during its conference call with analysts Tuesday that it will delay some products to the fourth quarter.Under Armour also suffered from bad PR earlier this year after Plank agreed to join the White House's now defunct manufacturing council. Plank said in an interview with CNBC that "a pro-business president is something that is a real asset for the country."Curry told The Mercury News that he agreed with Plank -- but only "if you remove the 'et' from asset." Other professional athletes have been vocal about their disagreements with Trump as well.As such, Plank -- like many other CEOs -- has distanced himself from Trump lately.After Trump was reluctant to criticize neo-Nazis at a white supremacist rally, he then bashed Curry for not wanting to visit the White House and attacked athletes who protested the national anthem. Under Armour has come to the defense of its star endorsers.But that hasn't been enough to rejuvenate Under Armour's flagging sales or stock price.Meanwhile, Adidas has thrived in the past year while Under Armour and Nike have both struggled. Even Skechers has enjoyed a resurgence lately.So what can Under Armour do to get back on track? Neil Saunders, managing director of the research firm GlobalData Retail, wrote in a report that the company should continue to focus on expanding globally, which has been successful for Under Armour.But Saunders added that the company has to do more to court women as consumers, as Nike, Adidas and yoga apparel king Lululemon have successfully done."Under Armour is not so broken that it cannot be fixed. But the days of glory, when it would post double-digit uplifts in sales, are over. Now is the time to work out, slim down, and become more competitive," Saunders wrote.  3394

The NCAA announced on Thursday that college football bowl games can commence this season on December 1.In the past, teams needed to have a 6-6 (.500) record at a minimum in order to qualify for a bowl game. But with most teams playing a truncated schedule, the NCAA is lifting its minimum requirement to qualify for bowl games.The news comes as the Pac-12 announced that it will begin play Nov. 6. The announcement means all five of the so-called “power 5” conferences will attempt to play a college football season amid the coronavirus pandemic.The Big 10 and Pac-12 originally decided to postpone starting the season. Advances in rapid testing and public pressure caused the leagues to change their decisions.“Providing a more flexible framework for the postseason in this unprecedented time will provide some certainty moving forward,” said Shane Lyons, director of athletics at West Virginia and chair of the oversight committee. “These are important postseason opportunities for our student-athletes, and this will help everyone to prepare.” 1054

The jury in Bill Cosby's retrial found the TV icon guilty of all three counts of aggravated indecent assault on Thursday for drugging and sexually assaulting Andrea Constand at his home in a Philadelphia suburb in 2004.The 80-year-old comedian faces up to 10 years in prison on each count, but would likely serve them concurrently. A sentencing hearing has not yet been scheduled, and he remains out on bail.Cosby did not have an audible reaction to his conviction, but erupted shortly afterward. Minutes after the verdict, prosecutors asked the judge to revoke Cosby's bail because they say he is a flight risk and has a private plane.Cosby, who did not testify in the trial and has sat quietly throughout the proceedings, then stood up and yelled in a loud, booming voice: "He doesn't have a plane, you asshole."Judge Steven O'Neill ruled that Cosby should not leave his Pennsylvania home, and that he would need to be fitted with a GPS tracking device.What the case was aboutThe case against Cosby centered on testimony from Constand, a former employee with Temple University women's basketball team. She testified that Cosby, a powerful trustee at Temple, drugged her and sexually assaulted her when she visited his home to ask for career advice.Cosby's defense team argued that their interaction was consensual. Constand is a con artist, they argued, who wanted a piece of Cosby's fortune.After the trial concluded, Constand left through a side door in the courtroom, walking into a hallway with her arms around two women and a huge smile on her face.The case is the first celebrity sexual assault trial since the #MeToo movement began last fall, and as such, represents a test of how the cultural movement will translate into a courtroom arena.In closing arguments, defense attorney Kathleen Bliss positioned Cosby's legal team as standing up against "witch hunts, lynchings (and) McCarthyism."Attorney Gloria Allred, who represents many of the women who have accused Cosby of misconduct, said this was the happiest she had been with a verdict in 42 years."We are so happy that finally we can say, women are believed. And not only on #MeToo but in a court of law where they are under oath, where they testified truthfully, where they are attacked," Allred said. "After all is said and done, women were finally believed."Cosby's attorney, Tom Mesereau, said he plans to appeal "very strongly.""We are very disappointed by the verdict. We don't think Mr. Cosby's guilty of anything and the fight is not over," he said.The guilty verdict is a remarkable turn of events for the man once known as "America's Dad." Cosby was a groundbreaking actor and the first African-American performer to win an Emmy for his role on "I Spy." His portrayal of the sweater-loving Cliff Huxtable on "The Cosby Show" was one of the first mainstream TV shows to feature a black upper-middle class family.Previous trial ended in a hung juryAlthough dozens of women have accused Cosby of sexual misconduct, only Constand's allegations resulted in criminal charges."I feel like I'm dreaming," Lili Bernard, who has accused Cosby of assault, said afterward. "I feel like my faith in humanity is restored."The verdict came a year after Cosby's previous trial ended in a mistrial, as a different panel of jurors said they were deadlocked and could not unanimously agree on a verdict. This jury began deliberating Wednesday around 11 a.m., and worked for more than 14 hours over two days to reach the verdict.At the retrial, five other Cosby accusers testified as "prior bad acts" witnesses and said that Cosby had drugged and assaulted them decades ago. Prosecutors said these women's stories showed that Cosby had a pattern in his actions and did not make a one-time mistake in his interactions with Constand.The-CNN-Wire 3806

The grandmother of Stephon Clark, the young black man shot and killed by Sacramento Police last week, pleaded Monday in a passionate speech for justice for her grandson."They didn't have to kill him like that. They didn't have to shoot him that many times," Sequita Thompson said through tears."Why didn't you just shoot him in the arm, shoot him in the leg, send the dogs, send a Taser. Why? Why? Y'all didn't have to do that," she added.The tearful plea came as part of a press conference with Benjamin Crump, an attorney representing the Clark family. Crump said the family is preparing for an independent autopsy of Clark's body."We will stand up for Stephon, we will speak for Stephon, we will fight for Stephon, until we get justice for Stephon," Crump said."I want justice for my baby. I want justice for Stephon Clark. Please, give us justice," Thompson said.The press conference came a week after Clark, 22, was shot and killed?in his grandmother's Sacramento backyard by officers who believed he was pointing a gun at them, according to police. No weapon was found at the scene. The only item discovered was a cell phone, police said.Officers fired 20 shots, hitting Clark multiple times, police told CNN affiliate KOVR.Crump was retained by Clark's family late last week. He has previously represented the families of other African-Americans fatally shot by police, including Michael Brown?and Tamir Rice, as well as Trayvon Martin, a Florida teenager killed by George Zimmerman.Crump said Clark's death fits a pattern in America of police shootings of unarmed black and brown people."No family should have to endure this pain and suffering as they try to seek answers for an execution of their loved one who is only holding a cell phone," he said. 1797

The Mega Millions jackpot was a record-breaking .6 billion on oct. 23, and people across the country bought tickets in droves.Those behind the counter selling the lottery tickets say they heard it all from their customers.“If they win, they’ll buy us a new car or a new house,” said Francine Barela of promises she hears from customers at King Soopers in Denver, Colorado.Some people even promised to give a million dollars to the person who sold them the ticket.“You wonder are they really gonna come back? Are they gonna keep their word? But I don't really care whether they do,” Barela said. “Just be nice to know you sold the winning ticket!”Barela and co-worker Eva Bogue handle hundreds of tickets a day, but they rarely play themselves. That is until the jackpot is record-breaking.“The jackpots so big that you gotta take your chances with it,” Barela says.Would they keep their jobs?Bogue quickly replies, “No.” 940