Difficult Q2 at Columbia Sportswear

30/07/2009

Active outdoor apparel and footwear company Columbia Sportswear Company has posted net sales of $179.2 million for the quarter ended June 30, a decrease of 16% compared with $213.1 million for the same quarter in 2008. The second quarter is the company's smallest revenue quarter, historically accounting for approximately 15% of annual net sales.

By category, sportswear sales fell 15% percent to $98.4 million, while footwear sales decreased 21% to $33.4 million. Outerwear sales dropped 16% to $35.1 million, while accessories and equipment sales fell 8% to $12.3 million.

Second quarter net loss totalled $9.9 million compared with $1.8 million during the same period in 2008.

Tim Boyle, Columbia's president and chief executive officer, said: “The global retail environment continued to provide significant headwinds which we expect to persist through at least the remainder of 2009 and into 2010. Despite those challenges, we remain focused on developing innovative apparel, footwear, accessories and equipment that excite and inspire outdoor enthusiasts by solving real problems, allowing them to enjoy the greater outdoors.”