Columbia Sportswear's European sales fell by 14 percent to $38.1 million for the first quarter of this year, but the drop was compensated by a sales rise of 14 percent in Latin America and Asia, while the company's turnover remained flat in the U.S. market. The outdoor group's turnover landed at $333.1 million for the quarter, almost exactly the same as last year. However, Columbia Sportswear's profits were depressed by inflated costs, a decline of 0.5 percentage points in its gross margin and restructuring charges of approximately $2.8 million. It ended the quarter with net profit of $3.9 million, down from $12.8 million for the same quarter last year (more in The Outdoor Industry Compass).

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