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Under Armour Inc. posted more than 2,300 jobs in the second quarter according to GlobalData research, a “hiring spree” that comes at a time when finding new workers has become more difficult.
“As things get back to normal, Under Armour is coming back strongly with sales up sharply,” said Neil Saunders, managing director of U.S. retail for GlobalData.
“Against this backdrop, the business is more confident in recruiting for positions it put on hold during the pandemic. The business is also moving strategically by placing more emphasis on direct-to-consumer sales, which necessitates additional roles.”
Under Armour
UAA,
UA,
reported first-quarter earnings that beat expectations last month. The athletic retailer also raised its full-year forecasting, now guiding for a profit versus previous guidance for a loss.
See: Under Armour average selling price in shoes is outperforming Nike
Chief Executive Patrik Frisk said the company would continue to invest in its team and processes after a pandemic year in which e-commerce for the company, and many others, soared.
GlobalData says the company is looking to fill positions both in stores and its warehouses, as well as seasonal jobs, with most of the positions in the U.S. and Canada.
Last month, Under Armour announced that it was raising its minimum wage to $15 for workers in the U.S. and C$15.25 for Canadian workers, a 50% increase, effective June 6. The previous minimum was $10 per hour.
Also: Six Flags offering seasonal workers up to $1,000 bonus
About 90% of the retail and distribution center workforce was impacted by the increase.
At the time of the announcement, Under Armour said it had more than 3,000 job openings.
“Over the coming year, the company will implement additional measures to holistically support teammates on their career journeys through important initiatives like compensation, learning and development, and a new incentive plan for our hourly teammates,” the company said in the pay raise announcement.
Under Armour’s pay increase and hiring efforts come at a time when many organizations are struggling to find workers, and are increasing pay and offering incentives to drive interest.
Experts say the U.S. generated nearly 700,000 new jobs in June.
Don’t miss: Now hiring: U.S. seen adding 700,000 jobs in June
Chipotle Mexican Grill Inc.
CMG,
and Bank of America Corp.
BAC,
are just two companies that have recently announced pay increases.
Under Armour stock has rallied 22.3% for the year to date while the S&P 500 index has gained 14.2% for the period.
