Accelerated deliveries to international distributors enabled Columbia Sportswear Co. to lift its second-quarter sales and sharply reduce its losses for the period.
In the three months ended June 30, the Portland, Ore.-based outerwear and sportswear firm registered a net loss of $7.9 million, or 23 cents a diluted share, down from the year-ago loss of $13.6 million, or 40 cents a share. On average, Wall Street analysts had expected a loss of 30 cents a share for the 2012 quarter.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"