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Columbia Sportswear

Coordinates:45°31′46″N122°49′31″W / 45.52938°N 122.82535°W /45.52938; -122.82535
From Wikipedia, the free encyclopedia
American company that manufactures and distributes outerwear and sportswear
Columbia Sportswear Company
Columbia Sportswear logo
Columbia Sportswear's company headquarters inPortland, Oregon
Company typePublic
NasdaqCOLM
S&P 400 component
Russell 1000 Index component
IndustryApparel
Founded1938; 87 years ago (1938)
HeadquartersUnincorporatedWashington County, Oregon (nearBeaverton),United States (Portland, Oregon postal address)
45°31′46″N122°49′31″W / 45.52938°N 122.82535°W /45.52938; -122.82535
Number of locations
449 (December 2022)[1]
Key people
Timothy Boyle (president,chairman, &CEO)[2]
Jim Swanson (EVP &CFO)
ProductsOuterwear andsportswear
BrandsColumbia
Sorel
Mountain Hardwear
Prana
RevenueUS$3.4 billion (2022)
Number of employees
9,450 (Dec 2022)[3]
Websitewww.columbia.com
Columbia Sportswear retail store inHong Kong

TheColumbia Sportswear Company is an American company that manufactures and distributesouterwear,sportswear, andfootwear, as well asheadgear,camping equipment,ski apparel, and outerwearaccessories.

It was founded in 1938 by Paul Lamfrom, the father ofGert Boyle. The company is headquartered inCedar Mill, anunincorporated area inWashington County, Oregon, in thePortland metropolitan area nearBeaverton.

Columbia's rapid sales growth was fueled by its jackets, which featured breathable waterproof fabric and interchangeable shells and liners.[4]

History

[edit]

Columbia Sportswear began as a family-owned hat distributor. Former chairwomanGert Boyle's parents, Paul and Marie Lamfrom, fledNazi Germany in 1937 and immediately purchased a Portland hat distributorship. The company became the Columbia Hat Company, named for the nearbyColumbia River. In 1948, Gert married Neal Boyle, who became the head of the company. Frustrations over suppliers influenced the family to start manufacturing their own products, and Columbia Hat Company became Columbia Sportswear Company in 1960.[5]

In 1970, Neal Boyle died following aheart attack.[6] Gert and son Tim Boyle, then aUniversity of Oregon senior, took over the operations of Columbia, rescuing it from bankruptcy.[7][6] Gert Boyle served as company president from 1970 until 1988 and additionally became chairman of its board of directors in 1983.[8] She remained chairman until her death in 2019.[9] Tim Boyle succeeded his mother as Columbia's president and CEO in 1988 and continues to hold the position in 2024.[10][11]

Columbia became apublicly traded company in 1998.[12][13] It acquired footwear makerSorel in 2000 andMountain Hardwear in 2003. In 2006, Columbia acquired thePacific Trail[14] andMontrail brands,[12][15] and in 2014 they acquiredPrana.[16][17]

In 2001, the company moved its headquarters fromPortland to a site in anunincorporated part ofWashington County,[18] in theCedar Mill area and just outside theBeaverton city limits. The site on NW Science Park Drive has a Portland mailing address, but is not in Portland. In 2007, City of Portland officials attempted to convince Columbia Sportswear to move back to Portland,[19] but the company ultimately rejected the idea due to the increased corporate tax burden such a move would entail and decided to expand its existing headquarters instead.[18]

In 2001, it was the largest American retailer of ski apparel based ongross revenue.[20]

On June 15, 2008, Columbia Sportswear announced a three-year sponsorship of the cycling team formerly known asTeam High Road and before thatT-Mobile andTeam Telekom. The sponsorship began on July 5, 2008, with the start of theTour de France.[21] The team's name was "Team Columbia". The sponsorship included both the men's and women's teams, and ended at the end of 2010.[22]

On August 4, 2010, Columbia Sportswear Company signed an agreement to acquire OutDry Technologies S.r.l., which owns the intellectual property and other assets comprising the OutDry brand and related business, via a cash purchase from Nextec S.r.l., based near Milan, Italy. The transaction was expected to close during the third quarter of 2010, subject to customary closing conditions, and is not expected to have a material effect on the company's 2010 operating results.[23]

In March 2015, Bryan Timm was named president of the company, taking over that position from Tim Boyle, who remained CEO.[12] In May 2017 it was announced Timm would step down and the duties of president would revert to Tim Boyle.[24]

On November 3, 2019, chairwomanGert Boyle died at the age of 95.[25] In January 2020, Tim Boyle was named Chairman of the company's board of directors.[26]

In October 2020, the company announced that alpaca wool would no longer be a part of their collections,[27] including their other brands Prana, Mountain Hardwear and Sorel.[28]

In November 2023, Columbia Sportswear Company announced that Cory Long was appointed as President of its brand Sorel.[29][30]

Columbia logo on theOdysseus lunar lander

In February 2024, theOdysseus lunar lander used the Omni-Heat thermal reflective insulation technology produced by Columbia Sportswear.[31][32] In March 2025, an additional spaceship, theAthena lunar lander, was protected by Columbia's Omni-Heat thermal technology.[33][34]

Locations

[edit]
Columbia's flagship store in downtownPortland, Oregon

Columbia Sportswear distributes its products in more than 72 countries and 13,000 retailers. Columbia also operates its own chain of retail stores, including its flagship store located indowntown Portland, Oregon.[35]

Financial information

[edit]

As of March 30, 2025, the company'smarket capitalization is about $4,17 billion,[36] with 2021 net revenue of $3.13 billion.[12]

As of 2018, 40% of Columbia's business came from abroad.[4]

In October 2023, Columbia Sportswear reported 3% of revenue growth as sales reached $985.7 million.[37][29]

Stock exchanges

[edit]

Columbia Sportswear Company is publicly traded onNASDAQ with ticker symbol COLM.[38]

Trade and tariffs

[edit]

The clothing business in the US is still largely subject to what remains of theSmoot–Hawley Tariff Act, passed in 1930. Since 2001, Columbia has paired its designers with teams oftrade experts in a process the company calls "tariff engineering" in order to reach lower tariffs,taxes, orduties. For example, Columbia applies a very thin layer of fabric to thesoles of its shoes since tariffs on fabric soles are lower than those on rubber soles; the fabric wears away within days.[4] For similar reasons, jackets arewaterproofed and filled with at least 10%down.

Vietnam is Columbia's largest supplier, and 25% of the company's footwear originates inChina.[4]

Columbia has operated in China since 2014 as Columbia Sportswear Commercial (Shanghai) Company as a joint venture withSwire Pacific Limited, reaching a total of 86 Chinese retail stores by 2017.[39] In 2018, Columbia announced it would buy out Swire's remaining 40% stake by 2019.[4][40]

See also

[edit]

References

[edit]
  1. ^COLUMBIA SPORTSWEAR COMPANY | 2022 FORM 10-K(PDF), 23 February 2023, archived fromthe original(PDF) on 2023-03-26, retrieved2023-03-25
  2. ^"Tim Boyle to Serve as Acting Chairman of Columbia Sportswear Company's Board of Directors Following the Passing of Gert Boyle; Details Regarding Share Ownership" (Press release). Columbia Sportswear. November 5, 2019.Archived from the original on November 5, 2019. RetrievedNovember 5, 2019.
  3. ^"Columbia Sportswear Company Profile". Craft. Archived fromthe original on March 28, 2020. RetrievedApril 9, 2020.
  4. ^abcdeTankersley, Jim (23 November 2018)."A Winter-Coat Heavyweight Gives Trump's Trade War the Cold Shoulder".The New York Times. Retrieved24 November 2018.
  5. ^"Columbia Milestones". Columbia Sportswear. Archived fromthe original on 2013-11-09. Retrieved2009-11-28.
  6. ^abSmith, Harrison (2019-11-10)."Gert Boyle, Columbia Sportswear chief known as 'One Tough Mother,' dies at 95".Washington Post.ISSN 0190-8286. Retrieved2024-09-03.
  7. ^"Timothy Boyle".Forbes. Retrieved2018-01-19.
  8. ^Accettola, Anna (October 16, 2012). Wadhwani, R. Daniel (ed.)."Gertrude Boyle".Immigrant Entrepreneurship: German-American Business Biographies, 1720 to the Present.5. German Historical Institute.Archived from the original on May 3, 2016. RetrievedNovember 3, 2019.
  9. ^"Columbia Sportswear Company Announces the Passing of Gert Boyle" (Press release). Columbia Sportswear. November 3, 2019.Archived from the original on November 5, 2019. RetrievedNovember 5, 2019.
  10. ^"Management Team" (Press release). Columbia Sportswear. 2019. RetrievedNovember 5, 2019.
  11. ^"How Portland-based Columbia Sportswear survived near-bankruptcy".kgw.com. 2024-07-16. Retrieved2024-11-12.
  12. ^abcdBrettman, Allan (April 10, 2015)."Columbia charts its next billion dollars".The Oregonian. p. C1. Retrieved2015-04-15.
  13. ^Binole, Gina (April 3, 1998)."Columbia goes public in top-of-the-line style".Portland Business Journal. Retrieved2009-11-28.
  14. ^"Columbia Sportswear now owns Pacific Trail".Portland Business Journal. March 30, 2006. Retrieved2009-11-28.
  15. ^"Columbia Sportswear buys Montrail".Seattle Post-Intelligencer. January 27, 2006. Retrieved2009-11-28.
  16. ^Clucas, David (2014-04-30)."Columbia Sportswear Signs Deal to Acquire Prana for $190 Million".Outside Online. Retrieved2024-09-03.
  17. ^Harvey, Katherine P. (2014-04-29)."prAna acquired by Columbia for $190M".San Diego Union-Tribune. Retrieved2024-09-03.
  18. ^abDworkin, Andy (August 30, 2007)."Columbia Sportswear staying put".The Oregonian. Retrieved2009-11-28.
  19. ^"Columbia's 'tough mother' squashes return rumor".Portland Business Journal. March 3, 2007. Retrieved2009-11-28.
  20. ^Senior, Jeanie (November 9, 2001)."Seamless warehouse is a marvel".Portland Tribune. Archived fromthe original on June 8, 2011. Retrieved2015-04-15.
  21. ^"Columbia To Title Sponsor Cycling Team In Tour De France".www.sportsbusinessjournal.com. 2008-06-17. Retrieved2024-11-12.
  22. ^"Columbia Sportswear Announces Sponsorship" (Press release). Team Columbia & High Road Sports, Inc. June 15, 2008. Archived fromthe original on 2008-06-20. Retrieved2008-06-17.
  23. ^"Columbia Sportswear Company to Acquire OutDry Technologies S.r.l." (Press release). BUSINESS WIRE. August 4, 2010. Retrieved2010-08-10.
  24. ^"Columbia Sportswear Company's COO Bryan Timm steps down". 17 May 2017.
  25. ^Duin, Steve (November 3, 2019)."Gert Boyle, longtime Columbia Sportswear chairwoman, dies at 95".The Oregonian. RetrievedNovember 3, 2019.
  26. ^Footwear, World."Tim Boyle named Chairman of the Board at Columbia Sportswear".World Footwear. Retrieved2024-09-03.
  27. ^Australia, PETA (2020-10-15)."Columbia Sportswear Company to Ban Alpaca Fleece! - News".PETA Australia. Retrieved2024-11-12.
  28. ^Chris Remington, "Columbia Sportswear bans alpaca fibre,"Ecotextile News, 13 October 2020.
  29. ^ab"Columbia Sportswear Company Hires Cory Long as President, SOREL Brand".Fashion United. 27 October 2023. Retrieved6 December 2023.
  30. ^"Columbia Sportswear accueille un nouveau président pour Sorel".Fashion Network. 17 November 2023. Retrieved14 December 2023.
  31. ^McCarthy, Connor (23 February 2024)."Columbia Sportswear celebrates historic moon landing".KPTV. Retrieved23 February 2024.
  32. ^Pearlman, Robert Z. (15 February 2024)."Lunar lining: Columbia coat tech insulates Intuitive Machines' newly launched moon lander".Space.com. Retrieved23 February 2024.
  33. ^Jermone, Emma (2025-03-06)."Columbia Sportswear's tech blasts off again for Athena lunar landing".Yahoo Tech. Retrieved2025-03-18.
  34. ^"Columbia tech kept lunar lander cozy for moon landing, though status of lander is unknown".kgw.com. 2025-03-06. Retrieved2025-03-18.
  35. ^Bach, Jonathan (18 October 2022)."Columbia Sportswear will move Sorel headquarters from downtown".Portland Business Journal. Retrieved4 October 2024.
  36. ^"Columbia Sportswear Co".Reuters. Retrieved2025-03-30.
  37. ^"Columbia Sportswear enregistre une croissance de 3% au troisième trimestre".Fashion Network. 30 October 2023. Retrieved6 December 2023.
  38. ^"COLM : Summary for Columbia Sportswear Company - Yahoo Finance".finance.yahoo.com. Retrieved2018-01-19.
  39. ^"Columbia Sportswear Company Announces Intention to Acquire Remaining Interest in China Joint Venture from Swire Resources Limited".Business Wire. 11 April 2018. Retrieved25 November 2018.
  40. ^"Columbia Sportswear to acquire rest of Chinese joint venture".Fashion Network. 12 April 2018. Retrieved6 December 2023.

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