Business

Under Armour Inc. is closing a 1.2 million-square-foot California distribution center as the company doubles down on its cost-cutting measures. The Baltimore-based sportswear maker announced late Monday it will close its Rialto, California facility by 2026 as part of an updated restructuring plan. CEO Kevin Plank announced in May that Under Armour (NYSE: UAA) would lay off employees and cut costs as part of a plan initially expected to cost the company $70 million to $90 million.

The city of Frederick on Thursday annexed two properties on its northwest side, a step forward for two housing development projects that could mean more than 540 new units. The Christoff property is 54.16 acres that straddle Opossumtown Pike near the intersection with Bloomfield Road. The project could add 228 total units with a maximum density of four units per acre.

Important conversations will be taking place around the U.S. following Tuesday’s ABC News presidential debate between Vice President Kamala Harris and former President Donald Trump. And some of the most heartfelt discussions will happen at Black-owned barbershops. One of those barbershops is “Tight N Up” in Bowie, Maryland, which owner Clinton Truesdale called “a pillar of the community.”

Shelby Blondell has nothing against the commonly used wooden mallet. As a native of Linthicum, she grew up using it in local crab houses like most Marylanders. That is, until she figured out how to make something better. The 31-year-old singer and songwriter invented and patented The Sheller, a 3-in-1 seafood mallet, picker and bottle opener. There’s no tool like it on the market.

Under Armour Inc. has selected a former Utz Brands Inc. executive to run its accounting more than a year after the company lost its last principal accounting officer. Eric Aumen has been named the company’s principal accounting officer and will take over the role on Oct. 1, Under Armour (NYSE: UAA) said in a filing with the U.S. Securities and Exchange Commission late Friday.

Under Armour Inc. is selling a once-cherished and now defunct Locust Point community garden lot as the first signs of its move to exit Tide Point for Baltimore Peninsula. The property is one of two empty lots owned by the Baltimore sportswear giant that recently hit the market in what could be the beginning of large-scale change on the waterfront leading into the Inner Harbor.

Buying this week’s groceries or paying for a full tank of gas with a credit card might contribute more to the profits of the airline industry than buying a one-way ticket. That’s because frequent flyer programs have become a crucial part of the airline industry’s profitability. And that’s due to the billions of dollars banks and credit card issuers pay to buy bulk miles from airlines to reward and entice cardholders to make purchases with their cards.