All Canada Goose articles
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News briefsCanada Goose to reduce workforce
Canada Goose will cut approximately 17 percent of its staff, or 900 jobs, as part of its ongoing transformation program aimed at reducing costs while achieving the company’s strategic goals. As part of the reorganization, Carrie Baker, currently President of Brand and Commercial, will assume responsibility for Design, while Beth ...
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ArticleStrong Asia-Pacific sales bolster Canada Goose in Q3
Increased demand for luxury goods in China contributed to a reported 62 percent increase in Asia-Pacific sales at Canada Goose to C$270.7 million (€186.3m) for the third quarter ended Dec. 31. All other geographies posted double-digit declines in sales, including a 26 percent decline in the EMEA to C$86.8 million ...
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News briefsCanada Goose expands resale program to Canada
Following the launch of its Generations resale program in the U.S. earlier this year, Canada Goose now announced that it is rolling out the program in Canada. Consumers can trade in their Canada Goose products through the Generations online portal. Once sent in, evaluated and authenticated, customers will receive a ...
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ArticleSales growth for Canada Goose in Q4 driven by EMEA, Asia Pacific
Higher direct-to-consumer revenues coupled with the absence of pandemic-related restrictions helped Canada Goose achieve double-digit revenue growth in the EMEA and Asia-Pacific regions in Q4 ended April 2. Period operating income was C$17.2 million (€11.9m) versus C$0.9 million, but the group reported a net loss of C$10.0 million (€6.9m) against ...
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ArticleAnalysis: More than half of the outdoor stocks make gains in Q1
Our Q1 Outdoor Index includes the revenue and profit development of 37 major outdoor companies.
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ArticleCanada Goose aims to have up to 150 stores and $3 billion in sales by 2028
After reporting slightly weaker third-quarter numbers earlier this month, Canada Goose, founded in 1957 in a small warehouse in Toronto, Canada, announced not only its five-year financial goals but also an update on its strategic priorities at its Investor Day on Feb. 7, 2023, at the company headquarters. “Today, Canada ...
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News briefsCanada Goose launches NBA capsule with streetwear designer
Source: Canada Goose Canada Goose has teamed up with Canadian streetwear designer Chris Gibbs, owner of a streetwear shop called Union LA, based in Los Angeles. The capsule collection is a limited edition and part of Canada Goose’s multi-year partnership with the National Basketball Association (NBA). The ...
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ArticleCanada Goose lowers outlook for FY23
Canada Goose, citing slowing momentum in the North American market and worse than anticipated pandemic-related disruptions in China, has dropped its annual revenue guidance by 2 to 8 percent to a range of C$1.175 to C$1.195 billion (€807m to €820m) from a prior outlook of C$1.2 to C$1.3 billion. The ...
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ArticleCanada Goose lowers outlook due to China problems
Persistent lower traffic trends and dampened consumer sentiment in China have forced Canada Goose to lower its FY revenue and profit outlook despite strong brand sales performance in other global geographies. The group has dropped its annual revenue outlook by more than 7 percent to a range of C$1.2-1.3 billion ...
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ArticleCanada Goose sales up 24% in seasonally sluggish quarter
Canada Goose, confirming it has not seen any signs of slowing demand for its products, reported 24.2 percent revenue growth to 69.9 million Canadian dollars (€51.4m) from C$56.3 million in its first quarter. The Q1 operating loss widened by nearly 31 percent to C$80.7 million (€59.4m) from C$61.8 million, but ...
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News briefsCanada Goose bolsters executive team with Carrie Baker as new president
Source: Business Wire Carrie Baker Canada Goose Holdings Inc. has promoted Carrie Baker, a long-term company manager, to president, a new role at the company. In this role at the Toronto-based company, she will be reporting to Dani Reiss, who has been president and CEO in a ...
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News briefsCanada Goose strengthens presence in Japan
Canada Goose Holdings and its longtime Japanese partner Sazaby League Ltd. have reached an agreement to establish the Canada Goose Japan joint venture to accelerate DTC expansion, including retail stores. The agreement will replace an existing exclusive national distribution agreement between Sazaby League and the Canadian luxury outdoor brand. Beginning ...
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News briefsDownlite Outdoor partners with Debrand for product disassembly and recycling
Ohio-based Downlite Outdoor, a U.S. specialist in down processing and supplier for outdoor brands like Patagonia, The North Face, Haglöfs, Cascade Designs, Canada Goose and others, has officially named its long-term cooperation partner Debrand as the company of choice for the “Reverse Logistics” of product at the end of their ...
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ArticleCanada Goose cuts guidance as sales, retail traffic disappoint
Canada Goose cut its guidance for the full year, citing lower-than-expected revenues and retail traffic in EMEA and APAC regions in the ongoing fourth quarter of its financial year due to new restrictions imposed in the wake of outbreaks of the Omicron coronavirus variant. The company now expects to post ...
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ArticleOutdoor and bike industry stocks rose by 3.0% in Q4
Our quarterly analysis of the outdoor stock market shows a 3.0 percent sequential increase in the average stock prices of 32 public companies primarily involved in the outdoor and bicycle sectors between Sept. 30 and Dec. 31, 2021. This came after increases for most of the same companies of 18.9 ...
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News briefsCanada Goose names Paul Cadman president of Asia-Pacific division
Source: Canada Goose Paul Cadman Toronto-based brand Canada Goose has appointed Paul Cadman as president, Asia-Pacific. The role includes all business activities from commercial and financial to marketing across the APAC region, including Greater China, Japan, South Korea, Australia and New Zealand. He succeeds Scott Cameron, who ...
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ArticleCanada Goose with strong momentum, improves guidance
Canada Goose reported an improved gross margin and a lower operating margin on a 19.6 percent increase in revenues to 232.9 million Canadian dollars (€161.9m-$187.1m) for its second quarter ended Sept. 26. Excluding the exceptional revenues from personal protective equipment recorded in the same period a year ago, comparable sales ...
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News briefsCanada Goose supports Canada’s Inuit youth
Canada Goose has announced it will donate $150,000 to the National Inuit Youth Council (NIYC). The donated funds were contributed by Canada Goose employees and will be used by Inuit Tapiriit Kanatami (ITK), the national organization representing the Inuit in Canada, and NIYC for programs and initiatives in the communities ...
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News briefsCanada Goose’s Basecamp community is first to buy the brand’s new footwear
Canada Goose announced a pre-sale for its first footwear collection available only to members of Basecamp, the brand’s (free) community platform. On Basecamp, fans are the first to hear about company announcements and product launches, including new collections and limited editions, plus they get exclusive access to experiences such as ...
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News briefsCanada Goose to start selling footwear in November
Source: Canada Goose Canada Goose journey boot Toronto-based brand Canada Goose announced the market launch of its first footwear line for November 2021, starting with luxury-priced snow and hiking boots ($750 and $1,295 SRP). The addition to the portfolio is part of the Canadian brand’s “beyond the ...
