Sorel news and archive

Columbia Sportswear's Q1 net sales drop by 6 percent

For the first quarter, Columbia Sportswear Company’s net sales decreased 6 percent to 770 million dollars reflecting lower wholesale net sales in the United States and Canada. The company said in a release that full year net income is now expected to be 217 to 240 million dollars, resulting in diluted earnings per share of 3.65 dollars to 4.05...

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Cory Long to join Columbia Sportswear as president of Sorel brand

Columbia Sportswear Company announced that Cory Long will be joining the company as president of the Sorel brand from December 2023. “We are delighted to have Cory join the Sorel family. His strength of leadership and consumer-champion mindset will be key in fueling the next era of Sorel growth,” said Craig Zanon, SVP, Emerging Brands. Long, the...

ManagementFeatured

Columbia Sportswear lowers FY23 outlook

Columbia Sportswear Company’s net sales increased 7 percent or 9 percent constant-currency to 620.9 million dollars for the second quarter. However, the company has lowered its full year outlook reflecting impact of economic conditions, including inflationary pressures; supply chain expenses; marketplace inventories; changes in consumer...

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Sorel brand president Mark Nenow steps down

Columbia Sportswear Company has announced that Mark Nenow, president of the Sorel brand, has resigned in order to focus on his health. Nenow joined the company in 2007 to lead footwear. The company said in a statement that he recognized an opportunity to transform the Sorel brand, from primarily a men’s winter work boot to a fashion-forward, all...

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Columbia Sportswear maintains sales and earnings outlook

Columbia Sportswear Company net sales increased 19 percent or 22 percent constant-currency to 955 million dollars in the third quarter. Gross margin contracted 270 basis points to 48 percent of net sales from 50.7 percent of net sales, while net income increased 11 percent to 111.8 million dollars or 1.80 dollars per diluted share. Commenting on...

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Columbia Sportswear outlines growth targets, reaffirms outlook

Columbia Sportswear Company’s net sales are expected to grow at a three-year CAGR of 9 to 11 percent, compared to the midpoint of its 2022 financial outlook, reaching 4.5 to 4.7 billion dollars in 2025. The company said in a release that operating margin is expected to expand to approximately 14 percent of net sales in 2025 and diluted earnings...

ManagementFeatured

Columbia Sportswear cuts full year outlook

Second-quarter net sales at Columbia Sportswear increased 2 percent or 4 percent constant-currency to 578.1 million dollars. The company said in a release that the increase in net sales primarily reflects growth across the U.S., Canada, Europe-direct, Japan and Korea, partially offset by substantially lower Russia-based distributor and China net...

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Christiana Smith Shi joins Columbia Sportswear Company’s board of directors

Columbia Sportswear Company’s board has appointed Christiana Smith Shi to serve as a director and member of its audit committee, effective July 8, 2022. “Christiana’s deep direct-to-consumer experience will be a tremendous asset to our board as we look to grow that portion of our business,” said the company’s chairman, president and CEO, Tim...

ManagementFeatured

Columbia Sportswear posts increase in Q1 sales and earnings

Net sales at Columbia Sportswear Company increased 22 percent to 761.5 million dollars from the comparable period in 2021. The company said, increase in net sales primarily reflects strong consumer demand and shipments of higher spring 2022 orders, with growth across all brands, channels and geographies. Commenting on the first quarter results,...

ManagementFeatured

Columbia Sportswear reports rise in sales and profit

Fourth quarter net sales at Columbia Sportswear increased 23 percent to 1,129.7 million dollars from the comparable period in 2020. The company said that the increase in net sales primarily reflects strong consumer demand, which fuelled direct-to-consumer (DTC) growth and higher fall 2021 wholesale shipments, as it anniversary prior year...

Fashion

Sorel to offer accessible footwear with Zappos.com

Footwear brand Sorel has reimagined three of its signature styles exclusively for Zappos Adaptive, Zappos.com’s curated shopping experience offering functional and fashionable products. Sorel has worked closely with Zappos.com to develop its first accessible footwear collection to ensure the designs “make life easier for everyone,” and has made...

ManagementFeatured

Columbia Sportswear Company's Q3 net income increases 60 percent

Columbia Sportswear Company’s net sales increased 15 percent to 804.7 million dollars for the third quarter reflecting direct-to-consumer (DTC) growth and higher fall 2021 wholesale orders. The company said that net sales growth was constrained by supply chain disruptions that resulted in later inventory receipts and reduced wholesale shipments...