×
34 904
Fashion Jobs
ROSS STORES
Vice President, Talent Acquisition
Permanent · Dublin
ROSS STORES
Manager, Strategy
Permanent · New York
TAPESTRY
Senior Director, Digital Marketing Planning & Performance
Permanent · New York
TAPESTRY
Manager, Outlet Ecommerce Analytics
Permanent · New York
PACSUN
Associate Manager, Brand And Public Relations
Permanent · Anaheim
TJX CORPORATE
IT Security Analyst Iii
Permanent · Marlborough
MACY'S
Beauty Account Coordinator - Trend: Herald Square/Nyc Division
Permanent · New York
DESIGNER BRANDS
Sales Supervisor Part-Time
Permanent · Maplewood
DESIGNER BRANDS
Sales Supervisor Part-Time
Permanent · Newport News
DESIGNER BRANDS
Inventory Control Clerk
Permanent · Westampton
RALPH LAUREN
Polo Factory Store - Store Selling Manager
Permanent · Las Vegas
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Mobile
JCREW
Associate Manager, j.Crew Factory, Bergen Town Center Womens
Permanent · Paramus
NORDSTROM INC
Corporate Strategy Manager
Permanent · Seattle
NORDSTROM INC
General Manager 3, San Bernardino Fulfillment Center – San Bernardino, ca
Permanent · San Bernardino
NORDSTROM INC
Loss Prevention Security Ambassador Fulton Street Rack
Permanent · New York
NORDSTROM
Loss Prevention Security Ambassador Southcenter
Permanent · Tukwila
NORDSTROM INC
sr Human Resources Director - Merchandising
Permanent · Seattle
NORDSTROM INC
Security Ambassador 1
Permanent · San Jose
JCPENNEY
Visual Display Art Director
Permanent · Plano
JCPENNEY
Senior Copywriter / Copy Manager - Marketing Creative
Permanent · Plano
NEIMAN MARCUS
Product Manager- Mobile
Permanent · Irving
Published
Oct 31, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Columbia Sportswear revenues boosted by Sorel sales jump

Published
Oct 31, 2019

American active and footwear group Columbia Sportswear Company announced solid revenue and earnings gains for the third quarter on Wednesday, as its Sorel brand saw accelerated growth thanks to strong demand for its fall fashion styles.
 

Sales at Columbia's Sorel brand were driven by strong demand for its fall fashion styles - Instagram: @sorelfootwear


The Portland, Oregon-based company’s net sales increased 14% (15% in constant currencies) to $906.8 million in the third quarter ended September 30, 2019, up from $795.8 million in the prior-year period.
 
At Sorel, sales shot up 27% to $116.1 million, while the company’s namesake Columbia brand also posted a more than respectable 14% increase in sales, which totaled $729.5 million. The news was less positive at the prAna and Mountain Hardwear brands, where sales fell 4% to $38.5 million, and 1% to $22.7 million, respectively.

Geographically, the company’s growth was spread across the regions in which it has operations, but Canada and the U.S. made the most significant progress during the quarter. In Canada, sales rose 21% to $97.9 million, while in the U.S. – Columbia’s largest market – revenues totaled $581.3 million, up 17% compared to the same period in the previous year.
 
The group’s quarterly net income increased 19% to $119.3 million, or $1.75 per diluted share, compared to the $100.2 million, or $1.42 per diluted share, reported by the company in Q3 2018.
 
The quarter was a fitting conclusion to the first nine months of 2019 for Columbia, whose net sales rose 11% (12% in constant currencies) to $2.1 billion during the period, compared to $1.9 billion in the same period in the previous year.
 
Year to date, the company’s net income jumped 40%, totaling $216.5 million, or $3.15 per diluted share, up from $155.0 million, or $2.19 per diluted share.
 
“Record third quarter results exceeded our expectations, with broad based growth across our geographic segments, channels and product categories,” said Columbia Sportswear President and CEO Tim Boyle in a release. “As we enter our peak selling season, I’m confident that our powerful brand portfolio, globally diversified business model and the dedication and focus of our talented global team position us to deliver another year of record sales and profit.”
 
Looking forward, Columbia has revised up its full-year guidance and currently expects to see annual net sales in the range of $3.01 billion to $3.04 billion, representing growth of between 7.5% and 8.5%. Diluted earnings per share are forecast to be between $4.70 and $4.80.

Copyright © 2020 FashionNetwork.com All rights reserved.