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Columbia Sportswear appoints new co-presidents as part of succession plans

Columbia Sportswear Company has named Peter Bragdon and Joseph Boyle as co-presidents of the group. The duo will take up their positions immediately. Bragdon has been tasked with overseeing the company’s international businesses, as well as the Mountain Hardwear, prAna and Sorel brands. He will also continue his existing executive administrative...

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Business

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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