Columbia Sportswear Company reported earnings in the fourth quarter were down 16 percent due in part to impairment charges tied to retail and its Prana trademark. Sales declined 4 percent. Both earnings and sales, however, topped Wall Street targets. Chairman, President and CEO Tim Boyle said, “I’m encouraged by our e-commerce growth as well as wholesale orders for the Spring and Fall 2021 seasons, which we anticipate fueling our continued recovery in 2021.”
Author: SGB Media
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