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BALTIMORE—Temperatures were near freezing earlier this month when Under Armour Inc.’s management convened a town-hall meeting in a parking garage at the company’s headquarters here. With minimal heat and some executives donning winter hats to keep warm, Chief Executive Kevin Plank got straight to the point. “2017 sucked,” he said.
This year, the athletic-gear company posted two consecutive quarters of net losses, including its first-ever quarterly sales decline, laid off nearly 300 employees and lost several top executives….