Columbia Sportswear 2000 Annual Report Download - page 5

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September 22, 2000
Columbia Sportswear
Completes Acquisition of
Sorel®Brand
Columbia Sportswear Company®
announced today that it has received
approval from the bankruptcy judge of
the Ontario Superior Court of Justice
to acquire the Sorel brand. Columbia
acquired the Sorel trademark rights,
associated brand names and other
related intellectual property rights for
approximately $8 million in cash. The
transaction closed September 22, 2000.
October 24, 2000
Columbia Sportswear
Company Reports Record
Results for Third Quarter
Columbia Sportswear Company®today
announced record net sales of $247.3
million for its third quarter ended
September 30, 2000, an increase of
31.9% over net sales of $187.6 million
for the same period of last year. The
Company’s net income for the period
increased 59.8% to $38.2 million, or
$1.44 per share (diluted) on 26.5
million shares, compared to earnings
of $23.9 million, or $0.93 per share
(diluted) on 25.6 million shares
outstanding for the third quarter
of 1999.
October 5, 2000
Columbia Sportswear
Recognized for Excellence by
Consumer Magazine
Global outdoor apparel and footwear
leader Columbia Sportswear Company®
received recognition from Consumers
Digest Magazine for providing
excellent value in the marketplace.
The October 2000 issue of Consumers
Digest rates Columbia’s Bugaboo
Parka™and Avery Peak Jacket™as a
“Best Buy” in the category of
winter outerwear.
November 1, 2000
Columbia Sportswear
Purchases New Facility for
Headquarters
International outdoor apparel and
footwear manufacturer Columbia
Sportswear Company®announced
today that it has purchased a new
facility for its corporate headquarters
from Minneapolis-based ADC
Telecommunications, Inc. Columbia
paid $13 million for the 188,500
square foot structure, which is located
in Washington County in the State of
Oregon. The new headquarters
complex, which is comprised of three
adjoining buildings, is situated on 7.82
acres and will house Columbia’s
corporate headquarters and the
Company’s research, design and
development facilities.
November 14, 2000
Columbia Sportswear Named
Official Outerwear and
Apparel Supplier to Men’s
Journal Adventure Team
Columbia Sportswear Company®
announced it has entered into an
agreement with Men’s Journal
magazine to become the official
outdoor gear sponsor and apparel
supplier to the Men’s Journal
Adventure Team. Two expedition
teams will be outfitted for 2000.
Highlights from the expeditions
will air on the Outdoor Life
Network and in upcoming issues
of Men’s Journal magazine.
December 14, 2000
Columbia Sportswear
Signs License Agreement
with Terramar Sports
Worldwide Ltd.
To further advance the large appeal of
its brand, Columbia Sportswear
Company®announced it has entered
into a license agreement with Terramar
Sports Worldwide Ltd. to design,
manufacture and market thermal tops,
bottoms and accessories for men,
women and children. The extensive
collection of underwear and primary
layering pieces will be available in
stores in Fall 2002.
NOTE
For the full text and financial tables of these and
other Company press releases, please consult the
Columbia website press room at:
www.columbia.com/who/who_current.cfm