Canada Goose, whose shares were snapped up by investors after a March initial public offering, is moving rapidly in new directions amid stiffer competition from rivals. The Toronto-based company is betting that consumers will be ready to open their wallets for Canada Goose knitwear to keep them warm in the same way that its jackets serve a similar purpose.
“We’re launching knitwear in a small way at the beginning – it’s going to be hard to get,” Dani Reiss, chief executive officer of Canada Goose Holdings Inc., said in an interview Monday as the sweaters began to appear in select stores and online.
"Our 73% year-over-year growth in net revenue for the second quarter is the direct result of the continued successful execution of our international omni-channel strategy," said Fred Mannella, Chief Executive Officer. "We opened 15 stores, expanding our retail network to 61 stores at the end of the quarter, and remain on track to meeting our stated target of 122 by year end. At the same time, we meaningfully grew the proportion of e-Commerce revenue. Moving forward, we remain focused on new store openings with both existing and new retailer partners in North America and overseas, and driving continued expansion of our fast-growing e-commerce business, while providing an exceptional consumer experience across all of our channels."
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It is important to ensure you are doing everything in your power to protect your organization from the potential damage.
Canopy expects some Canadian provinces will take their time with brick-and-mortar sales of recreational cannabis, creating an opportunity for mail-order delivery