FACONNABLE BRANCHES OUT: Faconnable will open a store in Dallas, in the North Park shopping center, this October, and is seeking other sites, including Manhattan, where a boutique is seen opening in spring 2002, possibly in SoHo. Faconnable also is investigating potential opportunities for fall 2002 openings in Chicago or West Palm Beach, Fla., and San Francisco, Boston and Phoenix in 2003. Currently, Faconnable has three U.S. boutiques operating, at 689 Fifth Avenue in Manhattan, in Beverly Hills and Costa Mesa, Calif. Faconnable is owned by Nordstrom and operates 41 boutiques worldwide. The label also is sold in specialty stores in Europe and Nordstrom in the U.S.
COLUMBIA TAKES OFF: Double-digit sales increases combined with cuts in operating expenses, as Columbia Sportswear Co.’s second-quarter earnings shot up 77.7 percent, to $6.4 million, or 16 cents a diluted share. Sales for the period ended June 30 rose 25.1 percent, to $121.5 million, as domestic revenue grew 22.6 percent, to $88 million. Canadian sales rose 14.4 percent, to $7.9 million and other international sales were up 38.7 percent, to $25.6 million. Earnings were released after the close of the market Thursday, but Columbia’s shares rose $1.89, or 4.4 percent, to close at $45 in Nasdaq trading.