Canada Goose Holdings Inc (GOOS)
Consumer Discretionary
The product development program for footwear and accessories failed to make material changes to Canada Goose’s customer mix. Promotional activity increased in North America in response to bloated inventories while foot traffic targets were also missed with warm weather In August across Europe. Instead, customers have down traded to basic accessories and mid-tier jacket ranges. In North America and Europe LFL sales increased by 18% & 8% respectively, missing QTD LFL sales targets.
Edition: 145
- 30 September, 2022
Canada Goose (GOOS)
Consumer Discretionary
GOOS China to accelerate growth in FY22 driven by retail expansion and same store sales growth - JL Warren forecast sales up 50-60% in mainland China and believe the group can double its locations in the next couple of years. They estimate ~15-20% SSSG by launching more spring collections and improving conversion rates. On e-commerce: GOOS Tmall GMV nearly doubled YoY in June; for FY see ~25-30% GMV growth on Tmall and WeChat stores; believe the company will soon launch a new store on JD.com.
Edition: 114
- 09 July, 2021