Financial

Canada Goose to cut production as Covid-19 hits Q1 sales

2020-08-12T08:23:00

Francisco Delgado on Unsplash

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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