Columbia Sportswear Co. posted double-digit declines in both fourth-quarter and full-year profits.
For the three months ended Dec. 31, profits were down 59.4 percent to $18.6 million, or 55 cents a diluted share, from $45.7 million, or $1.26, in the year-ago period. The results include a $24.7 million pretax, noncash charge, or 46 cents a share after tax, for the writedown of intangible assets in connection with the 2006 purchase of the Pacific Trail and Montrail brands.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)