All Canada Goose articles – Page 3
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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 Goose will end its purchasing ...
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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 28 ...
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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 social responsibility to emissions ...
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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 to ...
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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 closures of 30 ...
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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 and men follows “the ...
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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 region. During this time, ...
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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 “driving force of Canada Goose’s enduring purpose ...
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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 second quarter ...
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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, Kingswood Capital announced that it has ...
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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 the Qikiqtaaluk Region ...
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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 sheet and ...
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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 million ...
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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 he led global product teams in ...
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News briefs
Canada Goose names new president North America
Carrie Baker has been appointed president North America by Canada Goose. The Canadian premium parka specialist also appointed Kara MacKillop as chief of staff and executive vice president people & culture, reporting to Dani Reiss, the company’s president and chief executive. Carrie Baker joined Canada Goose in 2012, most recently ...
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ArticleCanada Goose was resilient against Covid-19
(SGI) Canada Goose Holdings was not hit as hard as other clothing brands by the pandemic, which it attributed to the seasonal nature of its business. While it felt the impact of store closures late in its fiscal year, which ended on March 29, 2020, its peak activity time had ...
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News briefs
Canada Goose to cut staff
CBC.ca reports that Canada Goose is laying off 125 of its employees, which is about two percent of its total 5,000 employees. The Canadian parka specialist described the decision as difficult, but said the measure was necessary to offset the impact of the Covid-19 pandemic on its business. According to ...
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News briefs
Canada Goose wants 90% bluesign-approved fabrics by 2025
Canada Goose has announced its commitment to reach 90 percent bluesign®-approved fabrics by 2025. The pledge is part of Canada Goose’s Sustainable Impact Strategy. The brands who commit to being a bluesign® System Partner have their supply chain thoroughly assessed to ensure that their products and processes meet the stringent ...
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News briefs
Canada Goose publishes first sustainability report
Canada Goose has launched its ”Sustainable Impact Strategy,” which is set out in the company’s very first sustainability report. The strategy includes “tangible commitments” that support some of the United Nations’ sustainable development goals (SDGs). These commitments include: climate neutrality with direct and indirect (Scope 1 and 2) net zero ...
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