Columbia sportswear

Columbia Sportswear closes stores amid COVID-19 setbacks – Footwear News

Columbia Sportswear Company had a disappointing third quarter earnings season as physical sales remained under great pressure due to the coronavirus pandemic. The company has also indicated its intention to close several stores. For the period ended September 30, the sports and outdoor retail group reported earnings of 94 cents per share, significantly lower than […]

Columbia sportswear

Columbia Sportswear Announces Management Changes

Columbia Sportswear Company announced a series of leadership changes executing transition plans, supporting the company’s omnichannel plans for digital growth and opportunities. Thomas B. Cusick has announced its intention to withdraw from the company. In February 2021, Cusick will step down as Executive Vice President and Chief Operating Officer and move to a part-time position […]

Columbia sportswear

Columbia Sportswear Plunges 16% After Disappointing Quarter

Columbia Sportswear shares fell 16% after-market on Thursday after a disappointing quarter in which the Oregon-based sales and profits fell well below Wall Street expectations. The outerwear company on Thursday announced a series of high-profile management changes, including the retirement of chief operating officer Tom Cusick. Columbia earned $ 62.8 million, 94 cents per share, […]

Columbia sportswear

Columbia Sportswear CEO Tim Boyle on Online Shopping After Coronavirus

CEO of Columbia Sportswear Tim boyle told CNBC on Thursday that the acceleration of the coronavirus pandemic in online shopping trends would not lead to the demise of physical retail. But the longtime apparel industry executive admitted that the health crisis had changed the company’s outlook on the future of large-scale e-commerce. “I think the […]