Analysts from Baird and Barclays have a positive outlook for the Canada Goose Holdings Inc. Subordinate Voting Shares GOOS 0.94% first-quarter earnings report when it lands Thursday morning. Q1 represents only 3 to 4 percent of Canada Goose’s annual sales, Baird analyst Jonathan Komp said in a Tuesday note. Baird is projecting a drop in revenue of 0.5 percent to $12.27 million against a consensus of $12.98 million. The opening of Canada Goose stores in Toronto and SoHo last year was “wildly successful” and drove direct-to-consumer revenue up 260 percent and profit up 500 percent in 2017, according to Baird...
Mark Startup, vice-president of the Retail Council of Canada’s MySTORE, looks at how government could help independent retailers in the age of Amazon.
Payless ShoeSource is set to emerge from bankruptcy as soon as Wednesday, one of the largest retail chains to do so, and is banking on a strategy focused primarily on bricks-and-mortar sales at a time when e-commerce is casting an ever-growing footprint on retail sales.
A U.S. proposal for Mexico and Canada to vastly raise the value of online purchases that can be imported duty-free from stores like Amazon.com and eBay is emerging as a flashpoint in an upcoming renegotiation of the NAFTA trade deal. Vulnerable industries like footwear, textiles and bricks and mortar retail in Mexico and Canada are pushing back hard against the proposal by the U.S. trade representative to raise Mexican and Canadian duty-free import limits for e-commerce to the U.S. level of $800 US, from current thresholds of $50 US and $20 Canadian, respectively.
Opinion: Workers at Sears, Postmedia, Loblaw and Northstar are all causalities of a system that not only allows corporate greed to thrive, but encourages it.