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Dick's Sporting Goods (DKS) said it has partnered with Under Armour (UA, UAA) to release the UA HOVR Breakthru, a women's basketball shoe. The UA HOVR Breakthru will be available exclusively through Dick's and Under Armour, "is the result of a year-long study of the physiological components unique to a woman's foot: greater flexibility, a narrower heel and the higher percentage of sensory receptors," the companies said in a statement. The UA HOVR Breakthru will be available starting Sept. 17 in seven colorways for $109.99.

Under Armour announced last night that after further review, it has approved a $75M increase to its restructuring plan, resulting in an updated 2020 restructuring plan of approximately $550M to $600M of total estimated pre-tax restructuring and related charges. The Company anticipates that these additional restructuring and related charges will approximately $235M of cash charges including up to approximately $135M of contract termination and other restructuring costs, $70M of facility and lease termination costs, and $30M in employee severance and benefit costs related to a reduction of approximately 600 employees primarily in its global corporate workforce.

The company states: "On April 3, 2020, Under Armour announced a 2020 restructuring plan outlining its expectations of incurring approximately $475M to $525M of estimated pre-tax restructuring and related charges during 2020. As previously disclosed, this restructuring plan was developed prior to the Company assessing the potential impacts of the COVID-19 pandemic and the Company stated that it would continue to evaluate necessary actions in response to the pandemic. After further review, the Company has identified further opportunities and on September 2, 2020, the Company's Board of Directors approved a $75M increase to the restructuring plan, resulting in an updated 2020 restructuring plan of approximately $550M to $600M of total estimated pre-tax restructuring and related charges. The Company anticipates that these additional restructuring and related charges will include up to: Approximately $60M of additional cash charges, consisting of up to: $40M in contract termination and other restructuring costs, $15M in facility and lease termination costs, and $5 million in employee severance and benefit costs; and Approximately $15M of additional non-cash charges, consisting of intangibles and other asset related impairments. The Company currently anticipates that the majority of the remaining restructuring and related charges will occur by the end of 2020."