Is Columbia Sportswear going out of business? Columbia Sportswear is struggling in the current economic downtown, and stores are shutting down. The latest victim of the current abysmal retail climate is one of America’s longest-standing sporting goods companies. This week saw the announcement that Columbia Sportswear will be closing multiple locations nationwide.
Does Columbia Sportswear have their own stores? In the U.S., we sell our products through a mix of nearly 2,200 wholesale customers and through our own DTC business. At December 31, 2021, our U.S. DTC business consisted of 129 outlet retail stores, 13 branded retail stores and four brand-specific e-commerce websites.
Where is Columbia Sportswear clothing made? Columbia, whose brands include Mountain Hardwear, Sorel and OutDry among others, makes accessories and equipment in more than a dozen countries. More than 60% of its products, particularly footwear, in 2018 were manufactured in Vietnam and China.
Who bought Columbia Sportswear? The family retains control of the company even though it is public. As of the company’s most recent filings, Tim Boyle is the largest shareholder, with 43% of the shares. Gert Boyle is the second-largest shareholder, and family members including Tim Boyle’s sisters and children also have an ownership stake.