Prana news and archive

Columbia Sportswear Company returns to sales growth, raises outlook

First quarter net sales at Columbia Sportswear Company increased 10 percent to 625.6 million dollars from the comparable period in 2020. The company said, business momentum was led by direct-to-consumer (DTC) e-commerce net sales growth as well as better than planned sequential improvement in DTC brick & mortar trends. Commenting on the results,...

BusinessFeatured

Columbia Sportswear’s Q2 sales drop, announces leadership changes to drive omni-channel growth

Net sales at Columbia Sportswear Company decreased 23 percent to 701.1 million dollars, gross margin contracted 40 basis points to 48.9 percent of net sales, from 49.3 percent of net sales for the comparable period in 2019, operating income decreased 44 percent to 85.6 million dollars or 12.2 percent of net sales and net income decreased 47...

Fashion

Columbia Sportswear Q1 sales fall 13 percent

Columbia Sportswear Company’s net sales decreased 13 percent to 568.2 million dollars for the first quarter of 2020. The company said in a statement that gross margin contracted 360 basis points to 47.8 percent of net sales from 51.4 percent of net sales for the comparable period in 2019. Loss from operations was 2 million dollars or 0.3 percent...

Business

Columbia Sportswear temporarily shuts North American stores

Columbia Sportswear Company has announced that to protect the health and safety of its employees, consumers and the communities where it operates, it will close its North America brick and mortar retail stores on March 16 through March 27. The company said in a statement, consumers seeking the products of the Columbia family of brands can visit...