An arbitrator has awarded financial compensation to a former Canada Goose vendor in connection with a previously announced commercial dispute.
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Canada Goose Gets DD Lift from DTC in Q4; Wholesale Falls in the Mid 20s
DTC Revenue increased 15.7 percent (+11.6 percent cc) to CN$314.1 million, said to be driven by DTC comparable sales growth of 6.8 percent and revenue from non-comparable stores.
EXEC: Canada Goose Sees China Weakness Offset North America DTC Strength
Canada Goose reported solid gains in its DTC business in North America in its fiscal third quarter ended December 29, boosted by a 22 percent comparable-store hike in December due to the Snow Goose launch. However, planned wholesale declines and weakness in China led to an overall sales decline in the quarter.
Canada Goose Misses Q3 Revenue Targets on DTC Softness
Canada Goose’s revenues in the fiscal third quarter ended December 29 came in below Wall Street’s estimates as DTC comps missed plan, down 6.2 percent. Earnings on an adjusted basis in the third quarter rose 7.0 percent while overall sales declined 2.2 percent.
Perfect Moment Shifts Senior Leadership; Adds Two Canada Goose Execs
New CFO and COO Chath Weerasinghe brings more than 20 years of experience in finance, operations, and leadership within the luxury, retail and consumer goods sectors. Vittorio Giacomelli will be responsible for overseeing product strategy, product development, and innovation.
Canada Goose Obtains Regulatory Relief for Share Repurchase Program
Absent the exemptive relief, the company said purchases under the Current Bid on the U.S. Markets would be limited to a maximum of 5 percent of its outstanding shares at the beginning of any 12-month period.
Canada Goose Appoints Luxury Fashion Vet as SVP Merchandising
Judit Bankus, most recently chief merchandising officer at Stella McCartney, is expected to play a key role in shaping Canada Goose’s product roadmap through a lens of sustainability and innovation.
Canada Goose Wins Approval for Renewal of Normal Course Issuer Bid
The NCIB, as renewed, provides for the purchase for cancellation of up to 4,556,841 subordinate voting shares of Canada Goose over the twelve-month period commencing on November 22, 2024 and ending no later than November 21, 2025.
Canada Goose Posts Q2 Net Income Increase Despite Revenue Decline, Lowers Outlook
The company saw fiscal second quarter revenue decrease 5 percent to CN$267.8 million in the period ended September 29, a 6 percent year-over-year decline on a constant-currency basis.
Canada Goose Faces Downgrade to “Sell” on Growth Concerns
Goldman Sachs downgraded Canada Goose to “Sell” from “Neutral,” citing challenges in the competitive landscape and concerns over slowing brand momentum and luxury spending overall.
Canada Goose Signs Licensing Agreement with Marchon Eyewear
Canada Goose’s first eyewear collection will incorporate the brand’s signature design elements and performance features. Marchon will manufacture the pieces using sustainable materials, an essential commitment both companies made when inking the deal.
Canada Goose Relies on DTC in Fiscal Q1 as Wholesale Falls 41 Percent
Total revenue increased 4 percent year-over-year to CN$88.1 million in the fiscal first quarter, and posted 3 percent growth on a constant currency (CC) basis.
Canada Goose Appoints Chief Digital and Information Officer
Alfredo C. M. Tan will oversee all consumer-facing digital platforms, as well as IT, digital media and marketing and consumer insights.
Canada Goose Beats Fiscal Q4 Expectations But Warns on More Wholesale Declines Ahead
The company reported better-than-expected results for fiscal Q4 but also removed all long-term 2028 financial targets and is targeting an additional 20 percent decline in wholesale revenue in the fiscal 2025 period after it declined 19 percent this past year.
Canada Goose Hires First Creative Director; Launches of Exclusive Style for PBI
Canada Goose’s appointment of Haider Ackermann comes with the launch of its limited-edition sweatshirt, PBI Hoodie, with 100 percent of the proceeds going to Polar Bears International. The launch campaign also celebrates actress and activist Jane Fonda, “the ideal protagonist for this important story.”
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