Columbia Sportswear Co
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Consumer Discretionary : Textiles, Apparel & Luxury Goods | Mid Cap Blend
Company profile

Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Its geographic segments are the United States, Latin America and Asia Pacific (LAAP), Europe, Middle East and Africa (EMEA), and Canada. The Company develops and manages its merchandise in categories, including apparel, accessories and equipment, and footwear. It distributes its products through a mix of wholesale distribution channels, its own direct-to-consumer channels (retail stores and e-commerce), independent distributors and licensees. As of December 31, 2016, its products were sold in approximately 90 countries. In 59 of those countries, it sells to independent distributors to whom it has granted distribution rights. Contract manufacturers located outside the United States manufacture all of its products.

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Airline stocks suffer another broad selloff after expanded travel ban, as recession fears grow

7:00 am ET March 16, 2020 (MarketWatch)

Airline stocks tumbled toward fresh lows in premarket trading Monday, after the U.S. expanded its travel ban ( to the U.K. and Ireland and amid growing fears of a global recession ( as COVID-19 spreads. United Airlines Holdings Inc.'s stock (UAL) tumbled 17.7%, after the air carrier said late Sunday that it expects March revenue to be $1.5 billion lower ( than a year ago. Shares of American Airlines Group Inc. (AAL) plunged 20.5%, Delta Air Lines Inc. (DAL) dropped 15.1%, Southwest Airlines Co. (LUV) lost 12.8% and JetBlue Airways Corp. (JBLU) shed 13.4%. The U.S. Global Jets ETF (JETS) tumbled 12.1% ahead of the open. The ETF has declined 41.9% over the past month through Friday, while the S&P 500 has fallen 19.8%. J.P. Morgan analyst Jamie Baker cut price targets on airline stocks, saying he believes the collapse in air travel demand "has the potential to materially reshape global aviation, meaningfully more than the events of 9/11."

-Tomi Kilgore; 415-439-6400;

(END) Dow Jones Newswires

March 16, 2020 07:00 ET (11:00 GMT)

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