Key brands perform well for Columbia in Q2 - sportstextiles: Lea SportsTextiles

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Key brands perform well for Columbia in Q2

02/08/2011
Columbia Sportswear has announced net sales of $268 million for the quarter ended June 30, 2011, an increase of 21% compared to the same period in 2010. There were double-digit increases in its sales of sportswear, outerwear and footwear.

The result meant a second quarter net loss of $13.6 million compared with a net loss of $10.6 million for the same period of 2010.

Tim Boyle, Columbia’s president and chief executive officer, commented: “Each of our major brands generated growth in the second quarter, keeping us on pace toward our full-year objectives of record sales and improved profitability. As we head into the second half of 2011, we are confident that our product innovations and compelling marketing messages will continue to elevate our brands and drive growth.”

Sales of goods under the Columbia brand went up by 20%. Mountain Hardwear sales went up by 24% and those of outdoor footwear brand Sorel more than doubled to $3.7 million, an increase of 106%.

Second quarter 2011 sportswear net sales increased 12% to $136.2 million, outerwear net sales increased 43% to $62.1 million, footwear net sales increased 29% to $50.0 million, and accessories and equipment net sales increased 11% to $19.7 million.

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