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Feb 02, 2017

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Revenue came in at $1.3 billion, while analysts had forecast $1.4 billion. "Numerous challenges and disruptions in North American retail tempered our fourth quarter results," CEO Kevin Plank said in a statement, who was likely referring to ongoing department store closures headlined by Macy's and sporting goods bankruptcies last year led by The Sports Authority. " "Performance is certainly not dead," Plank told analysts on a conference call when asked about his company's core business of selling performance apparel. "We need to become more fashionable with the product that's out there," Plank added. Additionally, Chief Financial Officer Chip Molloy has decided to leave the company for personal reasons. Effective Feb. 3 David Bergman, senior VP of corporate finance, will serve as acting CFO. Molloy will remain with the company in an advisory capacity to assist with the transition. For 2017, net revenues are expected to rise 11% to 12% to nearly $5.4 billion.

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Nkosazana Dlamini-Zuma Who is Nkosazana Dlamini-Zuma? Fled South Africa and completed her medical training in UK Met her ex-husband, current President Jacob Zuma, while she was a doctor in Swaziland After 16 years, divorced Mr Zuma in 1998 Declined the offer of replacing her sacked ex-husband as deputy president in 2007 Chair of the African Union commission 2012 - 2016 But her critics find plenty to object to in that portrait. For a start, they point to her time at the African Union, which began with a notably divisive election campaign. To some observers, Ms Dlamini-Zuma went on to become a lacklustre chairperson, only half committed to the job, and too easily distracted by grand projects rather than setting the agenda and leading the responses to the continent's most urgent crises - from the Ebola outbreak to the conflicts in South Sudan, Mali, Somalia and beyond. Image copyright AFP Image caption Mr Zuma publicly congratulated his ex-wife after she was sworn in as the head of the African Union Commission Her supporters hit back by saying she has taken a more long-term, developmental approach to problem solving, which may have generated fewer headlines, but served the continent better. Then there is the profoundly complex issue all too neatly summed up by the second half of her surname, Dlamini-Zuma. From 1982 to 1998 she was married to South Africa's current president, Jacob Zuma. The couple raised four children before getting divorced. Since then, their political relationship has appeared to shift, with Ms Dlamini-Zuma at times seeming to back her former husband, and at other times overtly siding against him.

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