567
Вакансии
CALZEDONIA GROUP
Kierownik Salonu / ch Promenada / Warszawa / Nowe Otwarcie
Permanent · WARSAW
H&M
Advanced User
Permanent · ROBAKOWO
H&M
Group Leader/ Lider Grupy
Permanent · CHLEBNIA
H&M
Advanced User
Permanent · CHLEBNIA
ESSILORLUXOTTICA GROUP
Sales Representative
Permanent · KRAKÓW
ESSILORLUXOTTICA GROUP
Cee Operations Controller
Permanent · KRAKÓW
ESTÉE LAUDER COMPANIES
IT Business Partner
Permanent · WARSAW
LEVI'S
Customer Relations Specialist (Otc) M/W/D
Permanent · WARSAW
MICHAEL KORS
Sales Supervisor, Poland, Lodz- Full Time
Permanent · ŁÓDŹ
LIMANGO
Product Owner - Fully Remote Possible
Permanent · WROCŁAW
L'OREAL GROUP
Senior Brand Manager Maybelline New York
Permanent ·
NEWELL
Sales And Operations Planner
Permanent · POZNAŃ
L'OREAL GROUP
Country Digital Project Manager
Permanent · WARSAW
RITUALS
Rituals - Office Coordinator (Warsaw)
Permanent · WARSAW
AVON
Product Safety/Integrity & Regulatory Affairs
Permanent · WARSZAWA
TK MAXX
Pracownik ds. Ochrony Tkmaxx Port Łódź/Pełen Etat
Permanent · ŁÓDŹ
TK MAXX
Pracownik ds. Ochrony Tkmaxx Wrocław Renoma/Pełen Etat
Permanent · WROCŁAW
TK MAXX
Pracownik ds. Ochrony Tkmaxx Wrocław Bielany/Pełen Etat
Permanent · WROCŁAW
L'OREAL GROUP
Project Manager & Administration
Permanent · WARSAW
L'OREAL GROUP
Community Advocacy Specialist, l’Oréal Luxe
Permanent · WARSAW
PANDORA
Business Consultant, Fico Sap Solutions
Permanent · WARSAW
PANDORA
Treasury Operations Specialist
Permanent · WARSAW
Переводчик
Susan Spies
Опубликовано
28 апр. 2017 г.
Время чтения
2 минут(-а,-ы)
Скачать
Загрузить статью
Печать
Размер текста

Columbia Sportswear first quarter sales up 4%

Переводчик
Susan Spies
Опубликовано
28 апр. 2017 г.

Despite its strong growth on international markets, Columbia Sportswear could not escape the impact of the changing retail landscape in U.S. sports apparel for its first quarter results.
 
The U.S. company’s domestic sales fall by 1% to 333 million dollars, attributed to a decline of more than 5% of its wholesale sales. The company says it has more than 800 stores carrying its products. Canada sales suffered the same drop, but a favorable exchange rate allowed the group to show a 3% increase in sales to nearly $37 million.

Sorel sales jumped a whole 50% in the first quarter. - Sorel


Chief Executive Officer Tim Boyle said in a statement that business in the U.S. had especially “been impacted by customer bankruptcies, liquidations and ongoing efforts by U.S. retailers to rationalize their store fleets and square footage.”

Overall sales across all regions grew by 3.6% to nearly $ 544 million, beating estimates of $536 million. Nevertheless, the weaker results for the U.S. market prompted Canaccord Genuity to downgrade the stock from a buy to a hold on Friday, citing the difficulties of the U.S. retail market in a note, which it says softens Columbia’s outlook.

The company’s Europe-Middle East- Africa region (EMEA) posted an 8% increase (+ 10% on a constant currency basis) to 55 million dollars. The group attributed its strong EMEA results to its takeover of its own e-commerce operations  on March 1 for 10 markets in Europe. Sales in Russia were also rising again, with double-digit growth compared to last year.

For Latin America, the Pacific and Asia, the group grew by 16% (+ 17% on constant currency basis) to more than 118 million dollars. Columbia Sportswear posted double-digit growth in Japan and a drop in sales of around 5% in South Korea.

Commenting on the international growth, Boyle said: “We were encouraged by the Columbia brand's continued growth in Europe-direct markets during the first quarter and by the SOREL brand's successful launch of an expanded Spring assortment. In addition, our direct-to-consumer businesses were a source of growth in every region.”

By brand segments, the company’s Columbia label reported a 3% rise to $ 449 million; PrAna, the yoga fitness brand declined by 7% to less than 39 million; while Sorel jumped by 50% to $27 million, which the company attributes to a lighter warm-weather range. Mountain Hardwear sales increased by 10%, close to $ 28 million.

Columbia Sportswear reported an 8% increase in operating income to $48 million. Its net results rose 13% to 36 million euros.

 

Copyright © 2024 FashionNetwork.com All rights reserved.