All Canada Goose articles – Page 2
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Canada 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 briefs
Canada 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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Article
Canada 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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Canada 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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Canada 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 briefs
Canada 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 briefs
Canada 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 briefs
Downlite 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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Canada 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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Outdoor 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 briefs
Canada 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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Canada 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 briefs
Canada 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 briefs
Canada 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 briefs
Canada 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 ...
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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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Canada 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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Purchase 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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