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|Articles - October 2013|
|Monday, September 30, 2013|
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BY LINDA BAKER
On a Friday afternoon, Mark Korros, the 61-year old CEO of Pendleton Woolen Mills, is in the company’s Portland home showroom, where the Native American-style blankets Pendleton has been making for a century share space with a relatively new product line: jacquard towels fashioned out of cotton, not Pendleton’s trademark wool. In just a few years, the towels have become a several-million-dollar business for the iconic brand, which celebrates its 104th birthday this year.
A longtime apparel executive who most recently was CEO of Seattle-based Filson, Korros took the reins at Pendleton in February. His goal is to continue down the path the company has been following for several years: updating a historic Oregon brand for the modern consumer. “We need to constantly provide loyal, ongoing customers with new products that excite them,” says Korros, a Kentucky native who wore the company’s classic board shirt as a kid. “But we also need to create products that will attract new customers.”
Incorporated in 1909, Pendleton employs about 900 people, including 223 in the company’s Pendleton and Washougal woolen mills. In addition to 70 retail stores around the country, Pendleton operates a wholesale business, and company products are distributed in 25 countries around the world.
Although the family-owned company took a hit during the economic downturn, Pendleton has since been on an upward trajectory, says Korros, who declined to reveal revenues. “We’re definitely in expansion mode,” says Korros, who spoke to Oregon Business about a month before participating in a classic company ritual: attending the Pendleton Round-up with his wife and 6-year-old daughter. “It’s like the Superbowl around here,” he says wryly.
Helping power the company’s growth is an array of new initiatives aimed at achieving a mix of the traditional and the contemporary. Korros is also alert to global apparel- industry trends, such as the push to bring back manufacturing to the U.S. and a surge of interest in sustainable fabrics.
In 2014, for example, Pendleton will debut a spring version of the Portland Collection, a 3-year-old line of modern textiles featuring updated styling, eco-friendly fabrics and fresh colors, including custom-print silk dresses and reversible jacquard coats that have been featured in the likes of Vogue and GQ.
Thursday, July 03, 2014
BY TED AUSTIN & MIKE BAELE | GUEST CONTRIBUTORS
The Office of Economic Analysis announced that Oregon is currently enjoying the strongest job growth since 2006. While this resurgence has been welcome, the lingering effects of the 2008 “Great Recession” continues to affect Oregon businesses, especially with regard to estate planning and business succession.
Monday, July 07, 2014
BY TOM COX | OB BLOGGER
Named after the 2010 experiment by Thomas Ryan, "Robin Sages" are fake social media profiles designed to encourage linking and divulging valuable information.
Thursday, July 31, 2014
BY MARY SPILDE | OB GUEST CONTRIBUTOR
Faced with the aftermath of the “great recession,” increasing concern about the environment and dwindling family wage jobs, we have some very important choices to make about our future.
Monday, June 30, 2014
Oregon Business magazine won two silver awards for excellence in writing in the National American Society of Business Publication Editors Western region competition.
Friday, June 27, 2014
BY JASON NORRIS | OB BLOGGER
Over the last several months we have seen a wave of cross-border acquisitions, primarily U.S.-based companies looking to purchase non-U.S.-based companies. There are a few reasons for this, but the main culprit is the U.S. corporate tax system. The United States has one of the highest corporate tax rates in the world.
Thursday, July 24, 2014
BY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR
With the increasing retirements of Baby Boomers, a massive real estate shift has created a significant increase in demand for NNN properties. The result? Increased demand has triggered higher prices and lower yields.
Thursday, June 26, 2014
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Vigilant enters a New Year with a new president.
How George Fox has become one of Oregon's largest private universities.
Forest Grove sees growth in the burgeoning food and beverage scene.
Fifty-one Lane Powell lawyers were recently selected by their peers for inclusion in The Best Lawyers in America® (Best Lawyers) 2015; of those selected, 23 lawyers are from the Firm’s office in Portland, Oregon.
Barran Liebman is proud to announce that Andrew Schpak, a Partner of the firm, has been named Chair of the American Bar Association’s Young Lawyers Division for the 2014-2015 bar year.
Vanessa Sturgeon and Miller Nash LLP were selected as leaders in encouraging female advancement.