SPRINGING SALES: Columbia Sportswear Co. reported double-digit bottom- and top-line gains in the second quarter, thanks largely to strong shipments of spring sportswear. For the three months ended June 30, the Portland, Ore.-based activewear company said earnings grew 13.7 percent to $10.7 million, or 26 cents a diluted share, which beat Wall Street’s forecast by 3 cents. Last year the company had profits of $9.4 million, or 23 cents. Sales for the period increased 12.5 percent to $171.1 million from $152.1 million a year ago. For the first half of the fiscal year, Columbia said earnings advanced 26 percent to $30.7 million, or 75 cents, from $24.4 million, or 60 cents, last year. Sales gained 17.7 percent to $377.8 million from $320.9 million a year ago. In a separate development, Columbia named Mark Sandquist as vice president of Columbia sportswear apparel and Doug Prentice as vice president for global outerwear integration, both of which are new positions. Sandquist and Prentice were formerly general managers for sportswear merchandising and outerwear merchandising, respectively.
MARKETING LANDS’ END: Lands’ End on Wednesday named Ed Whitehead executive vice president and chief marketing officer. Whitehead, who also joined the firm’s executive committee, reports to president and chief executive officer Mindy Meads. He will oversee marketing communications and help maintain the Lands’ End brand. Whitehead was previously senior vice president of marketing at Galyan’s Trading Co. Lands’ End is a wholly owned subsidiary of Sears, Roebuck & Co.
CACHE CASHES IN: Rising sales of sportswear and denim, along with sinking costs, sent second-quarter earnings for Cache Inc. up 23.2 percent to $4.4 million, or 27 cents a diluted share, compared with earnings of $3.5 million, or 25 cents, a year ago. Sales for the period rose 10.5 percent to $62.1 million compared with sales of $56.2 million. First-half results proved more impressive, with a 46.9 percent spike in earnings to $7.6 million, or 48 cents. Comparatively, the company reported earnings of $5.2 million, or 36 cents, in the first half last year. Sales advanced 14.4 percent to $119.3 million from $104.3 million a year ago.