All Canada Goose articles – Page 2
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News briefs
Canada Goose launches automatic share repurchase scheme
Canada Goose has entered an “automatic share repurchase plan,” allowing for the purchase of shares by a broker at times when it would not be permitted to acquire them, based on certain parameters. The Toronto Stock Exchange has cleared this scheme, allowing it to start on Sept. 16 in connection ...
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ArticleCanada Goose sees sales double in Q1
Canada Goose said it is on track to meet its target for 2022 revenues of over 1 billion Canadian dollars (€681.0m-$799.1m), as sales in the fiscal first quarter ended June 30 doubled to CA$56.3 million (€38.3m-$45.0m) from CA$26.1 million the year earlier amid significant growth in all geographic regions. DTC ...
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ArticlePurchase decisions: YouGov study sees animal welfare topics on the rise
According to a new study initiated by animal welfare organization Four Paws and executed by YouGov, there is a significant increase in awareness and sensibility among consumers worldwide regarding the use of animal products for fashion since the outbreak of the Covid-19 pandemic. There is a measurable ...
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News briefs
Canada Goose sues Goose Country over “confusingly similar” name and more
The Fashion Law has reported that Canada Goose is suing Goose Country, a U.S. outerwear brand. In the complaint, which was filed in the U.S. District Court for the Northern District of Illinois on June 30, Canada Goose claims that “the look and feel of the outerwear garments offered by ...
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News briefs
Canada Goose unveils plans for its first Scottish store
Canada Goose has announced plans to open a store in Edinburgh this fall – its seventh in the European market. The new two-story retail store will be located on Multrees Walk, a pedestrian mall that features some of the city’s most exclusive fashion brands. Designed to combine the brand’s spirit ...
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ArticleCanada Goose to drop all animal fur by end of 2022
Source: Peta Germany Shortly after introducing its new Fur Buy Back program to recycle fur for apparel, Canada Goose announces its complete withdrawal from the use of real animal fur on its products in a press statement . Through a phased approach, Canada ...
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ArticleCanada Goose forecasts record revenue as Q4 profits rise
Canada Goose forecasts 2022 revenues to exceed 1 billion Canadian dollars (€680m-$826m) for the first time after reporting a better-than-expected rise in sales for the fiscal fourth quarter driven by strong demand in China and online sales. Revenues rose to CA$208 million (€141.4m-$171.7m) for the three months to March ...
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ArticleCanada Goose sees itself well on track to achieve sustainability goals
In its second sustainability report, Canada Goose has provided an overview of the progress for the social and environmental responsibility agenda set in 2019 and introduces a few future projects. The detailed 33-page report ( link for direct PDF download ) provides insight into all relevant areas, from ...
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Article
Outdoor companies’ stocks up by 18.9% in Q1
The average stock market value of 31 selected public companies in the outdoor sector saw a sequential improvement of 18.9 percent between the fourth quarter of 2020 and the first quarter of 2021, buoyed by the strong performance of stock markets across the globe, fueled by recovery hopes. This reflects ...
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News briefs
Canada Goose to open fifth EU brand store
Following its first German brand store in Berlin last year, Canada Goose is now ready to open its second store in the coming weeks, corona regulations permitting, in Frankfurt. The store will span two floors at Frankfurt’s downtown Rathenauplatz and will be the fifth Canada Goose store in Europe ...
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ArticleE-commerce lifts Canada Goose’s sales
Robust online sales globally have returned Canada Goose to growth in the third fiscal quarter. Revenues for the three months ended Dec. 27, 2020, progressed by 5.0 percent to 474.0 million Canadian dollars (€309.5m-$363.8m). E-commerce was a bright spot, surging by 39.3 percent, which partly offset store ...
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News briefsCanada Goose launches first guest-designed capsule collection
For the first time since the Canadian brand was founded in 1957, Canada Goose has worked with a guest designer, Angel Chen from China, to create a capsule collection. Initially revealed during Shanghai Fashion Week last October, the spring capsule with 13 exclusive pieces for women ...
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News briefsNew president for Canada Goose’s Asia Pacific division
Source: Canada Goose Scott Cameron Canada Goose has appointed Scott Cameron as the new president for the company’s APAC division. Cameron joined Canada Goose in 2016 as chief strategy and business development officer and most recently served as president of the Greater China ...
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ArticleCanada Goose wants to keep the planet cold and the people warm
After unveiling its Sustainable Impact Strategy in April and building on these core values and outlining its vision for the future, Canada Goose has now presented a new digital platform called Humanature that unites the brand’s sustainability and values-based initiatives and represents the ...
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ArticleCanada Goose posts unexpected profit
Thanks to strong demand from China, Canada Goose posted an unexpected profit in the second fiscal quarter. After posting heavy losses in the first quarter, it has now returned to profits with a net income of 10.4 million Canadian dollars (€6.7-$8.0m) for the three months of its ...
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News briefsKingswood Capital completes acquisition of MEC
We previously reported that the announcement of the sale of Canada’s largest outdoor chain with 21 doors, Mountain Equipment Co-op ( MEC ), to Kingswood Capital Management , a Los Angeles-based private equity firm, sparked widespread discussions and even outrage among Co-op members across Canada. This week, ...
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News briefsCanada Goose and actor Ryan Reynolds donate parkas and footwear to Inuit students
Canada Goose and actor Ryan Reynolds have announced the donation of more than 300 Canada Goose parkas as well as Baffin footwear to the students of Inuujaq School in Arctic Bay, an Inuit hamlet located in the northern part of the Borden Peninsula on Baffin Island in ...
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News briefs
Canada Goose gets positive rating by Moody’s
Rating its debt for the first time, Moody’s gave Canada Goose a B1 corporate family rating and a B2 rating to a proposed senior secured loan of 402 million Canadian dollars (€258m-$300m) due in 2027, nearly half of which would be used to add cash to its balance ...
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ArticleCanada Goose to cut production as Covid-19 hits Q1 sales
Canada Goose is cutting production and opening fewer stores as the coronavirus pandemic hit its sales, causing first-quarter net losses to almost double to 50.1 million Canadian dollars (€32.0m-$37.7m) from Can$ 29.4 million a year earlier. On adjusted basis, excluding restructuring charges, the net loss amounted to Can$ 38.4 ...
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News briefs
Canada Goose sends a signal with strategic hire of GM Footwear
Canada Goose appointed Adam Meek to the new role of general manager of footwear accessories. Meek brings more than 20 years of global footwear experience to this role. Most recently, he served as senior vice president of product at Sperry ( Wolverine Worldwide ), where ...
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