Confident Columbia CEO praises operations staff
30/04/2021
Online sales grew 35%, now making up 20% of total sales. Sales of footwear increased 35% to $157m.
CEO Tim Boyle said: "I’m pleased to report the pace of fundamental recovery exceeded our expectations in the first quarter, resulting in a return to net sales growth and financial results that were stronger than we anticipated.
“Consumer demand is high and retail inventories are lean, resulting in a favourable full price selling environment. I’d like to thank our operations and distribution centre teams that did an amazing job mitigating industry-wide supply chain disruptions and enabling us to deliver these results.”
The company has raised expectations for the year.
Columbia also owns the Sorel, Mountain Hardwear and prAna brands.