Sorel news and archive

Columbia Sportswear beats Q4 estimates despite annual sales dip

Outerwear player Columbia Sportswear managed to surpass Wall Street’s fourth revenue estimate with sales up 3 percent to 1.10 billion dollars for the fourth quarter of fiscal 2024. However, according to OregonLive, the company's shares were down around 8 percent in after-hours trading on Tuesday following a 3 percent decline in full year sales....

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Unexpected collaborations spotted at NYFW SS25

With so many eyes from all corners of the industry analyzing what is being presented on the catwalk during New York Fashion Week (NYFW), many designers use this moment in the spotlight to unveil a new collaboration or partnership. Over the years, the art of collaboration has proven to be a highly effective marketing strategy, particularly in...

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Columbia Sportswear posts Q2 loss, net sales decline

Net sales at Columbia Sportswear decreased 8 percent or 7 percent constant-currency to 570.2 million dollars reflecting lower wholesale net sales in the US due to retailer cautiousness, a difficult competitive environment, and generally soft consumer demand. The company said second quarter gross margin contracted 270 basis points to 47.9...

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Sorel names new vice president of brand

Footwear brand Sorel, part of Columbia Sportswear Company, has appointed Michael Minter as vice president of brand. Minter, who began his new role on April 29, has more than 20 years of experience in creative and marketing leadership roles for brands such as Sanuk, Billabong, Keen, DC, and Reef. Commenting on the appointment, Cory Long, who...

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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...

People

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...

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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...

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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...