UAA - Under Armour boosts pay ahead of bigger e-commerce push

Under Armour ([[UAA]], [[UA]]) joins the long list of companies that are increasing pay wages as it looks to shift back into a strong growth mode.The company is lifting its starting minimum wage for all U.S. employees to $15 an hour on June 6. More than 8K Under Armour employees will receive a pay boost."The reality is from a competitive standpoint of hiring, we know that we compete not just within our industry for talent but also outside of the industry to places like Amazon," notes UA exec Stephanie Pugliese on the decision.Under Armour is hoping to add and retain staff as it looks the expand the e-commerce business into new areas.Last week, Barclays took a more constructive view on Under Armour  as it upgraded the stock to an Overweight rating from Equal Weight.

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Under Armour boosts pay ahead of bigger e-commerce push