We were able to source better-made goods off-shore and offer them to consumers at a reasonable price. After that, Columbia Sportswear will take its efforts global in an effort to standardise its output platform at 43 locations worldwide. Each factory producing Columbia products is required to post our standards on the production floor in the local language to ensure workers are aware of their rights. Founded in 1938 by German immigrants Paul and Marie Lamfrom and their daughter Gert, the company grew into a billion-dollar-a-year enterprise by 2003. Presumably his Columbia parka made the frigid temperature bearable.
Next, Boyle sought to extend Columbia's retail presence overseas by opening a retail store in Seoul, South Korea, where 14 years earlier Santorufo had negotiated the first deal that inaugurated Columbia's offshore manufacturing. These manufacturers are, however, under the control of Columbia Sportswear employees, who have authority over the selection process. You'll need something that zips. We have the management team in place and the product development to do it. The content on our websites is not incorporated by reference in this Form 10-K unless expressly noted. 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 following year, the family, headed by Paul Lanfrom, purchased a small hat distributorship named Rosenfeld Hat Company and renamed it Columbia Hat Company. Son Tim, who was about to finish his studies at the University of Oregon, left college to join his mother in the management of the company. She was the mother of three and her company which had been in the family since its founding was in danger of being lost. A decade after Paul Lanfrom acquired Rosenfeld Hat Company, his daughter, Gertrude, married Neal Boyle, who subsequently joined the family business he would later lead. It was a definitive move that marked the gradual decline of production activities in Portland and set the stage for years of exponential sales growth.
This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. It was founded in 1938 by the late Paul Lamfrom, father of present chairperson Gert Boyle. Without long-term commitments, there is no assurance that we will be able to secure adequate or timely production capacity or favorable pricing terms. Columbia Sportswear Company got its current name in 1960 It was a decade after the store opened that the name was changed from the Columbia Hat Company to Columbia Sportswear Company. To make matters worse, Neal Boyle had offered three family-owned homes and his life insurance policy as collateral for a Small Business Administration loan several months before his death, which exacerbated the financial pressures Gertrude Boyle inherited in 1970. On August 4, 2010, Columbia Sportswear Company signed an agreement to acquire OutDry Technologies S. By the mid-1990s, Columbia was growing by leaps and bounds, particularly overseas, where the company's revenue volume tripled between 1993 and 1995.
In 1996, the company opened its flagship retail outlet in Portland, Oregon, and the following year it opened a store in ,. Our quality assurance process is designed to ensure that our products meet our quality standards. Future commitments include expanding international markets and diversifying product lines with particular emphasis on rugged footwear and sportswear. From 1976 forward, marketing the Columbia label represented the number one priority and, as a consequence, nearly every available dollar was earmarked for advertising. In 2001, it was the largest American seller of ski apparel. Outdoor Active Authentic American Value.
The outerwear category was flat in general, yet Columbia posted sales growth of close to 30 percent for 2000. We have the management team in place and the product development to do it. Going Public: The Late 1990s and After The company had been controlled by family since its inception in 1938. Rather, the company maintained a minor presence in the Portland area, operating as a small manufacturing concern capable of supporting Paul Lanfrom, his wife Marie, and their daughters in their new life in America. All of the subsidiaries are wholly owned by Columbia Sportswear. Within ten years, all production in Portland would come to an end.
The company seemed to do well by giving value--its prices were significantly lower than its competitors, such as North Face. Gert shared that she and Tim did everything wrong Tim helped his mother Gert run the company after his father had died. Caminiti, Susan, 'When Your Back Is Against the Wall,' Fortune, March 7, 1994, p. Within ten years, all production in Portland would come to an end. Columbia Sportswear will target sales increases in its footwear and sportswear lines. The bolero-style vest, which was outfitted with numerous pockets, was revolutionary in concept and moved the company headlong into the market for fishing and hunting apparel.
Stock Price, historical and current end-of-day data provided by eoddata. Although not halfway toward its lofty sales objective by the late 1990s, the company was nevertheless performing admirably as it neared its sixtieth year of business. By the end of 1997, Columbia Sportswear had 164 concept shops; plans called for doubling the number of these shops by the end of 1998. His era as company president, however, was unexpectedly brief. In the decade that followed the introduction of the Bugaboo, annual sales soared 1,600 percent as the Boyles inundated the skiwear market with their highly popular Interchange System products. Client: Colombia Sportswear Director: Gregg Bleakney Videographer: Julian Manrique.