June 17, 2026, American sportswear company Under Armour has confirmed plans to close its Portland corporate office and relocate key functions, including parts of its footwear development operations, to Baltimore and other locations such as New York. The company described the move as part of a broader organizational restructuring aimed at improving collaboration and aligning teams more closely with its headquarters. While the Portland office will be closed in its current form, Under Armour stated that it will continue to maintain a presence in the city and retain some innovation-related activities there.