Columbia Sportswear
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| Type | Public |
|---|---|
| Founded | 1938 |
| Headquarters | Portland, Oregon, United States  |
| Key people | Tim Boyle, CEO Gert Boyle, Chairperson |
| Industry | Apparel |
| Products | Outerwear and sportswear |
| Revenue | US$1.29 billion (2007) |
| Employees | 2,712 (2005) |
| Website | www.columbia.com |
Columbia Sportswear Company (NASDAQ: COLM) is a United States company that manufactures and distributes outerwear and sportswear. Founded in 1938 by the late Paul Lamfrom, father of present chairperson Gert Boyle, the company is headquartered in Portland, Oregon. Columbia Sportswear also produces footwear, headgear, camping equipment, skiwear, and outerwear accessories.
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[edit] History
Columbia Sportswear began as a small, family-owned hat distributor. Present chairwoman Gert Boyle's parents, Paul and Marie Lamfrom, fled Germany in 1937 and immediately bought a Portland hat distributorship. They became the Columbia Hat Company, named for the nearby Columbia River. Frustrations over suppliers influenced the family to start manufacturing their own products.
Ten years later, Gert married Neal Boyle, who became the head of the company. In 1970, Neal died following a heart attack. Gert and son Tim Boyle, then a University of Oregon senior, took over the operations of Columbia, rescuing it from near bankruptcy.
Columbia's jackets featured waterproof fabric that was also breathable. Additionally, new jackets featured interchangeable shells and liners. Multiple wearing options and fabric technology fueled rapid sales growth.
Columbia Sportswear acquired footwear maker Sorel Corporation in 2000 and Mountain Hardwear in 2003. In 2006, Columbia acquired the Pacific Trail, and Montrail.
On June 15, 2008, Columbia Sportswear announced a three year sponsorship of the cycling team formerly known as Team High Road and before that T-Mobile and Team Telekom. The sponsorship began on July 5, 2008 with the start of the Tour de France. The team's new name is "Team Columbia". The sponsorship includes both the men's and women's teams.[1]
[edit] Locations
Columbia Sportswear distributes its products in more than 72 countries and 13,000 retailers. Its flagship store is located in downtown Portland, Oregon. Columbia also operates thirteen factory outlet stores outside Portland.
- Woodburn, Oregon
- Sellwood, Oregon
- Lake Oswego, Oregon
- Bend, Oregon
- Lincoln City, Oregon
- Portland International Airport, Oregon
- Birch Run, Michigan
- Albertville, Minnesota
- Medford, Minnesota
- Myrtle Beach, South Carolina
- Kenosha, Wisconsin
- Orlando, Florida
- Ellenton, Flordia
- Cabazon, California
- Camarillo, California
- Castle Rock, Colorado
- Silverthorne, Colorado
- Pittsburgh, Pennsylvania
- Pottstown, Pennsylvania
- Seattle, Washington
- Edinburgh, Indiana
- Allen, Texas
- Houston, Texas
- San Marcos, Texas
- Park City, Utah
- Waterloo, New York
- Williamsburg, Virginia
- Kittery, Maine
- Wrentham, Massachusetts
[edit] Financial information
As of April 25, 2008 its market capitalization is about $1.499 billion, with 2007 net sales of $1.35 billion.
[edit] Stock exchanges
Columbia Sportswear Company is publicly traded on NASDAQ with ticker symbol COLM.
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[edit] References
- ^ Team Columbia & High Road Sports, Inc (June 15, 2008). Columbia Sportswear Announces Sponsorship. Press release. http://www.highroadsports.com/news/173-Columbia-Sportswear-Company-and-High-Road-Sports-Announce-New-Team-Columbia-to-Debut-at-2008-Tour-de-France. Retrieved on 2008-06-17.
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