Under Armour may cut tennis and fishing from its lineup

• Under Armour (UA, UAA) is considering exiting its tennis and other outdoor categories, according to The Wall Street Journal.
• At a retail conference last month, CEO Kevin Armour admitted that the apparel company "just can't do everything."
• Sources also tell the WSJ that Under Armour co-founder Kip Fulks is taking a sabbatical from the company. Some of Fulk's duties are already being handled by operating hire Patrik Frisk.
• UA -3.71%. UAA -3.26%.