All Canada Goose articles – Page 2
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ArticleCanada Goose lowers FY23 outlook
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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News briefsCanada Goose launches U.S. resale platform powered by Trove
Trove, a service provider that powers the secondhand stores of Patagonia, Lululemon, REI, Arc’teryx, On and Allbirds, is now also the partner for Canada Goose’s new authorized reselling platform: Canada Goose Generations. Consumers can trade in their used Canada Goose products online, for assessment and authentication. Canada Goose will compensate ...
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News briefsCanada Goose appoints chief HR officer
Source: Business Wire Jess Johannson Canada Goose has appointed Jess Johannson as chief human resources officer. In this role, she will be responsible for the company’s human resources strategy across corporate, manufacturing and retail. Johannson will oversee all global teams within human resources, including talent acquisition, employee ...
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ArticleCanada Goose lowers FY outlook on China issues
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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ArticleSporting goods industry stocks down in Q3
According to SGI Europe’s quarterly study of 40 select sporting goods industry stocks, the drop was less than in Q1 (-16.25%) and Q2 (-14.79%) but marked the third consecutive quarterly decline for the segment. But the results were mixed, as the stock prices of 19 companies – led by Xtep ...
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Infographics & DataSporting Goods Scorecard Q2 2022 - The top performers by sales and profit
This exclusive chart and data can be downloaded by our Premium Members.
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ArticleCanada Goose appoints president for its China business
Source: Canada Goose Larry Li, president China Canada Goose announced the appointment of Larry Li as president China, effective immediately. In this role, Li will oversee all business operations of the Canadian brand in mainland China, including retail, marketing and finance. He will be based out of ...
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ArticleCanada Goose revenues rise 24 percent in seasonally small 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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ArticleCanada Goose will drive DTC sales higher this year
Canada Goose, which is forecasting 18 to 27 percent revenue growth to C$1.3 to C$1.4 billion (€893.1m-€961.8m) this financial year ending in April 2023, intends to grow its Direct to Consumer business for the 12 months in the low to high teens on a comparable basis. If that objective is ...
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ArticleAnalysis: Sporting Goods Industry stocks fell more than 16% in Q1 2022
According to SGI Europe’s quarterly study of selected public sporting goods industry stocks, their average share price fell by 16.25 percent on a sequential basis in the first quarter of 2022, in contrast with the performance of some major stock indexes during the same period. The Standard & Poor’s 500 ...
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News briefsCanada Goose appoints Carrie Baker as president
Source: Business Wire Carrie Baker Canada Goose Holdings Inc. has promoted Carrie Baker, a long-term company manager, to president, a new position at the company. In this role, she will be reporting to Dani Reiss, who has been president and CEO in a dual position and will ...
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News briefsCanada Goose sues Goose Country
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 will buy back fur and upcycle it
Reacting to the attacks of animal welfare activists, Canada Goose has introduced a new Fur Buy Back program to help achieve the declared goal of ending the purchase of new furs by 2022, while introducing reclaimed fur into the supply chain. A global Reclaimed Fur Working Group has created an ...
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ArticleSporting goods industry stocks rose by 10.9% in Q1 2021
Confirming the resilience of our industry, the average stock market value of 38 selected public companies in the sporting goods sector advanced by 10.9 percent in the first three months of 2021. Comparatively, the main stock indices grew by only between 2.4 percent and 8.5 percent over the period.
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News briefs
Canada Goose to open fifth European brand store in Frankfurt
Following on the opening of its first German brand store in Berlin last year, Canada Goose is readying to open its second one in Frankfurt in the coming weeks, corona regulations permitting. The store will span two floors at Frankfurt’s downtown Rathenauplatz and will be the fifth Canada Goose store ...
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News briefs
Canada Goose and NBA ink multi-year partnership
Canada Goose has announced a multi-year partnership with the National Basketball Association (NBA) that makes Canada Goose a ”Proud Outerwear Partner” of the NBA All-Star. Timed to the NBA’s annual All-Star celebration, Canada Goose will develop an exclusive design collaboration each year for players and fans. The design partner for ...
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ArticleE-commerce and wholesale lift Canada Goose
Robust online sales globally returned Canada Goose to growth in its 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 to ...
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News briefsNew president for Canada Goose’s Asia Pacific division
Canada Goose has appointed Scott Cameron as the new president for the company’s Asia-Pacific division. Cameron joined Canada Goose in 2016 as chief strategy and business development officer and most recently served as president for the Greater China region. During this time, Cameron was responsible for developing and growing the ...
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Article
Few sports brands in the Dow Jones Sustainability Index
Sustainability has become an increasingly important issue in the sporting goods sector. However, after being on the list for 20 consecutive years, Adidas is absent from this year’s Dow Jones Sustainability Index (DJSI). The annual DJSI, which has reached its 21st edition, assesses the sustainability performance of the largest 2,500 ...
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Article
An unexpected profit for Canada Goose
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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