Canada Goose news and archive

Canada Goose: Crafting Canadian luxury with a sustainable edge

Canada Goose stands as a hallmark of Canadian manufacturing, embodying a tradition of functionality, innovation, and peerless craftsmanship since its beginning in 1957. Known for its durable and high-quality products, the brand is a proud proponent of Canadian craftsmanship. Commitment to Canadian roots Central to Canada Goose's identity is its...

Report

Canada Goose acquires European knitwear manufacturer Paola Confectii

Canada Goose has acquired the operating assets of Paola Confectii Manufacturing. The company said in a statement that building upon the existing network of seven facilities across Canada, this acquisition marks the company’s first European facility, and supports its strategic growth plan. Canada Goose’s core down-filled products will continue to...

Business

Canada Goose cuts sales forecast and announces new CFO

Outerwear purveyor Canada Goose announced it cut its annual sales forecast. The downward revision signifies a potential slowdown in the brand's resurgence in the Chinese market and ongoing challenges in the U.S. market. Canada Goose, best known for its cold climate parkas, had been witnessing a promising recovery in demand in China during the...

Report

Canada Goose appoints new board members, CTO named

Clothing brand Canada Goose has announced the appointment of two new board members, as well as the name of its new chief technology officer, Marjan Anwar Khan. Former chief financial officer of luxury group Richemont, Gary Saage, and partner of Bain Capital Private Equity, Jennifer Davis, will be joining Canada Goose board of directors,...

Fashion |In Pictures

Canada Goose launches capsule with Rokh and artist Matt McCormick

For autumn/winter 2023, luxury brand Canada Goose has unveiled a collaboration with luxury women's clothing brand Rokh and contemporary American artist Matt McCormick. The eight-piece capsule collection, first unveiled during Paris Fashion Week in March 2023, unites Canadian performance and London-based luxury design with classic Western...

Fashion

Canada Goose teases upcoming designer collaborations for AW23

Canada Goose has teased a bumper line-up of designer collaborations for autumn/winter 2023 with Rokh x Matt McCormick, OVO, Concepts and Bape as it continues to position itself as a performance luxury lifestyle brand. The Canadian outerwear brand, which announced a strategic five-year plan earlier in the year to accelerate consumer-focused...

ManagementFeatured

Canada Goose revenues jump 21 percent for Q1, retail drives growth

Canada Goose reported a significant 21 percent revenue growth for the first quarter of fiscal 2024, ending July 2, 2023, with sales increasing to 84.8 million CAD largely driven by DTC retail. For this segment, revenue grew 60 percent, backed by a rise in in-store sales, contrasting that of wholesale, which saw revenues fall 18 percent due to...

Fashion |In Pictures

Canada Goose unveils first sneaker collection

Luxury outerwear brand Canada Goose is launching its first sneakers this month as part of the brand’s strategic growth plan to expand into categories that “meets the needs of the modern explorer” to deliver “year-round relevance” as a lifestyle label. The Glacier Trail sneakers are described as “an elevated design,” drawing upon Canada Goose’s...

ManagementFeatured

Canada Goose reports Q4 revenue growth

Canada Goose Holdings Inc. said fourth quarter revenue increased 31.4 percent on a reported basis and 30.1 percent on a constant currency revenue basis to 293.3 million Canadian dollars. “I am pleased with our fourth quarter results, particularly the strong revenue results generated in Greater China and EMEA. This is a testament to the strength...

ManagementFeatured

Canada Goose plotting retail expansion with new five-year plan

Luxury outerwear brand Canada Goose has announced a strategic five-year growth plan to double its retail footprint, expand existing categories, and create new opportunities such as homeware, to reach 3 billion Canadian dollars in annual revenue by 2028. In a statement, Canada Goose said that its five-year plan centres around three growth...

Fashion |In Pictures

Canada Goose teams up with streetwear designer Chris Gibbs

Luxury outerwear brand Canada Goose has tapped Canadian streetwear designer Chris Gibbs of Union LA to create a capsule collection in celebration of NBA All-Star 2023. The five-piece streetwear-style capsule collection is a modern take on classic Americana designs and patterns, “each crafted with the West Coast lifestyle in mind,” explains...

ManagementFeatured

Canada Goose lowers FY outlook as Mainland China dents Q3 earnings

Canada Goose has lowered its full-year guidance again after restrictions in Mainland China resulted in a small year-on-year drop in its most important quarter. The outerwear brand made revenue of 576.7 million Canadian dollars in the third quarter ended January 1, down 1.6 percent from the same quarter a year earlier. The company cited “worse...