Columbia Sportswear reports loss


Columbia Sportswear Co. recorded a loss of $13.6 million in its second quarter, compared to a loss of $10.6 million for the same period in 2010.

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Columbia Sportswear Co. recorded a loss of $13.6 million in its second quarter, compared to a loss of $10.6 million for the same period in 2010.

The company also announced net sales increase of 21 percent for quarter ending June 30 compared with the same period last year, with 3 percentage points of that increase resulting from changes in foreign currency exchange rates. Sales total $268 million this second quarter compared to $221.8 million for the same period of 2010. 

Tim Boyle, Columbia’s president and chief executive officer, said, “Each of our major brands generated growth in the second quarter, keeping us on pace toward our full year objectives of record sales and improved profitability. As we head into the second half of 2011, we are confident that our product innovations and compelling marketing messages will continue to elevate our brands and drive growth.”

Read more at OregonLive.com.

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