Welcome to our dedicated page for Columbia Sportswear Co news (Ticker: COLM), a resource for investors and traders seeking the latest updates and insights on Columbia Sportswear Co stock.
Columbia Sportswear Co. (NASDAQ: COLM) is a globally recognized leader in the design, sourcing, marketing, and distribution of active lifestyle apparel, footwear, accessories, and equipment. The company owns and operates several well-known brands, including Columbia, Mountain Hardwear, Sorel, and prAna. These brands are sold in more than 100 countries worldwide, earning a reputation for innovation, quality, and performance.
Columbia Sportswear primarily generates revenue through wholesale channels, selling products to sporting goods stores, department stores, and other retail outlets. The company also operates its own branded retail stores, ensuring direct consumer engagement in key markets. With a strong foothold in the United States, Columbia Sportswear also boasts significant sales in Latin America, the Asia-Pacific region, Europe, the Middle East, Africa, and Canada.
Products are sourced globally, with contract manufacturers outside the United States, predominantly in Asia, playing a vital role in the production process. This strategic sourcing model allows Columbia Sportswear to maintain competitive edge in cost and quality.
Recent achievements include expanding their product lines and enhancing their digital presence to meet the growing demand for online shopping. The company remains committed to sustainability, incorporating eco-friendly materials and processes in its manufacturing.
Partnerships with other leading outdoor and active lifestyle brands further enhance Columbia Sportswear’s market position. The company’s strong financial health, evidenced by steady revenue growth and robust market performance, makes it a significant player in the global apparel and footwear industry.
For more information, visit www.columbia.com, www.mountainhardwear.com, www.sorel.com, and prana.com.
Columbia Sportswear (NASDAQ: COLM) launches Omni-Heat™ Infinity, an advanced thermal-reflective technology designed to optimize warmth and breathability. This innovative insulation features a gold metallic lining inspired by NASA technology, debuting this fall across over 80 styles of jackets, boots, and accessories. To promote this launch, Columbia will initiate a significant advertising campaign and a national sweepstakes for a lifetime supply of jackets, starting October 1, as outdoor participation rises. This marks Columbia's largest marketing campaign in its 83-year history.
Columbia Sportswear Company (Nasdaq: COLM) announces the resignation of Franco Fogliato, Executive VP of Global Omni-Channel, effective September 3, 2021. Tim Boyle, CEO, acknowledges Fogliato's significant contributions, noting his role in achieving $3 billion in net sales in 2019 and his deep understanding of market dynamics, which has been vital to the company's recent success. Columbia, founded in 1938, leads in outdoor and active apparel across approximately 90 countries with brands including Columbia, Mountain Hard Wear, SOREL, and prAna.
Columbia Sportswear Company (NASDAQ: COLM) reported strong second quarter 2021 results, with net sales soaring 79% to $566.4 million, driven by robust U.S. wholesale and direct-to-consumer sales. Gross margin expanded to 51.6%, reflecting improved sales and reduced inventory provisions. Net income reached $40.7 million, or $0.61 per diluted share, reversing a loss from the prior year. The company raised its 2021 financial outlook despite challenges from supply chain disruptions and rising ocean freight costs, highlighting a strong balance sheet with $821 million in cash.
Columbia Sportswear Company (NASDAQ: COLM) has released its 2020 Corporate Responsibility Report, showcasing progress in its core areas: empowering people, sustaining places, and responsible practices. Key highlights include a 30% reduction target in manufacturing emissions by 2030, nearly $1.9 million in charitable donations, and building 22 water towers providing clean drinking water to thousands. Columbia also emphasizes its commitment to diversity and sustainability amidst COVID-19 challenges.
Columbia Sportswear Company (Nasdaq: COLM) is set to announce its second quarter 2021 financial results on August 2, 2021, at 4:00 p.m. ET. Jim Swanson, CFO, will review these results shortly after at 4:15 p.m. ET, with details shared via Form 8-K and on the company’s website. A conference call for analysts and investors is scheduled for 5:00 p.m. ET, available by phone or live webcast. Columbia Sportswear, founded in 1938, leads the active lifestyle apparel and equipment sector, selling brands in approximately 90 countries.
Columbia Sportswear Company (NASDAQ: COLM) reported strong first quarter 2021 results, with net sales rising 10% to $625.6 million. Direct-to-consumer e-commerce grew 35%, driving momentum in overall sales. Gross margin expanded to 51.4%, aided by lower promotional levels and improved inventory management. Operating income surged to $70.5 million compared to a loss the previous year. The company's balance sheet remains robust, with $875 million in cash and no debt. A quarterly dividend of $0.26 per share was approved, and full year outlook has been raised based on current performance.
Columbia Sportswear Company (Nasdaq: COLM) has appointed Emily Rompala as Senior Vice President, Omni-Planning & Fulfillment Operations. In this new role, she will lead the Global Omni-Planning Team and oversee fulfillment operations globally, reporting to Lisa Kulok, Chief Supply Chain Officer. Rompala brings extensive experience from the apparel industry and aims to enhance Columbia's operational capabilities.
Columbia Sportswear is a leading brand in active lifestyle apparel, with a presence in approximately 90 countries and ownership of several other brands.
Columbia Sportswear Company (Nasdaq: COLM) will release its first quarter 2021 financial results on April 29, 2021, at 4:00 p.m. ET. Following this, CFO Jim Swanson will provide commentary on the results at approximately 4:15 p.m. ET via a Form 8-K filing and on the company's website. An investor conference call will take place at 5:00 p.m. ET, available for listening by dialing 877-407-9205 or through a live webcast on the Investor Relations section of their website. Columbia is a leader in the active lifestyle apparel industry and operates in around 90 countries.
Columbia Sportswear Company (Nasdaq: COLM) announces the retirement of Doug Morse, Senior Vice President of Emerging Brands, set for summer 2021. Craig Zanon has been appointed to succeed him, effective April 5th. CEO Tim Boyle highlighted Zanon's extensive experience from Nike to drive growth for SOREL, Mountain Hardwear, and prAna. Morse, a long-serving member since 1994, has significantly contributed to business development and acquisitions. The transition aims to ensure continuity in leadership and strategic focus on brand-led initiatives.
The athleisure market is projected to grow by USD 80.74 billion between 2020 and 2024, despite facing challenges from the COVID-19 pandemic. Technavio’s report highlights that market growth is expected to outpace 2019 levels as businesses adapt through response, recovery, and renewal phases. Key strategies for companies include adjusting strategic planning and building resilience through effective resource allocation. Factors influencing market forecasts include the impact of lockdowns, changes in consumer behavior, and scenario-based planning.
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