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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Delta Air cuts capacity further, says March revenue down by $2 billion and April 'worse'

1:18 pm ET March 18, 2020 (MarketWatch)

In a memo to employees with the subject line "Protecting Delta's Future," Delta Air Lines Inc. (DAL) Chief Executive Ed Bastian said Wednesday it expects March revenue to be down by $2 billion over March 2019, and April sales projected to fall "even more." Delta will continue to make "significant capacity reductions," planning on a 70% system-wide pullback until demand recovers, Bastian said. "Our international operation will take the largest reduction, with over 80% of flying reduced over the next two to three months," he said in the memo, submitted as a filing. Bastian said Delta is in talks with the Trump administration and Congress and he is "optimistic" the airline industry "will receive support to help address this crisis." Cash preservation remains Delta's "top financial priority," he said. Delta also announced the deferment of nearly all capital spending, including all new aircraft deliveries, looking to arrive at $4 billion in cash savings, including capacity-related savings, and temporarily consolidating airport presences in its Atlanta hub. U.S. stocks tanked again Wednesday, triggering circuit-breakers to halt trade for 15 minutes.

-Claudia Assis; 415-439-6400;

(END) Dow Jones Newswires

March 18, 2020 13:18 ET (17:18 GMT)

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