86
Fashion Jobs
SHISEIDO
K-Key Account Lead
Permanent · HO CHI MINH CITY
ADIDAS
Senior Director Product Creation Ftw
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Corporate Affairs & Reputation Manager - Corporate Affairs & Engagement
Permanent · HO CHI MINH CITY
JO MALONE LONDON
Education Manager, Jml/lm
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Senior HR Operations Executive/ Assistant Manager
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager (Franchise)
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Commercial, Adigolf, Vietnam 1
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager 1 (Franchise)
Permanent · HO CHI MINH CITY
COLUMBIA
lo Costing & Engineering Manager
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Category Manager - Cpd
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Business Planning Manager - Cpd
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager Product Creation (Sportwear)
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Product Manager - Shu Uemura
Permanent · HO CHI MINH CITY
ADIDAS
Manager, Quality Product Integrity
Permanent · HO CHI MINH CITY
TAPESTRY
Manager, Manufacturing Engineer
Permanent · HO CHI MINH CITY
SPECIALIZED
Painting Quality Engineer - Bình Dương, Vietnam
Permanent ·
ON RUNNING
Social Compliance Specialist - Hcm Based
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Sourcing Operations
Permanent · HO CHI MINH CITY
WILLIAMS SONOMA
Wood Sustainability Specialist - (Global)
Permanent · THUẬN AN
PUMA
Manager Quality Apparel & Accessories
Permanent · HO CHI MINH CITY
PUMA
Senior Executive, Finance
Permanent · HO CHI MINH CITY
PUMA
Head of Quality Footwear
Permanent · HO CHI MINH CITY
By
Reuters
Published
Aug 12, 2022
Reading time
2 minutes
Download
Download the article
Print
Text size

Canada Goose results thrive as luxury demand defies inflation

By
Reuters
Published
Aug 12, 2022

Canada Goose Holdings Inc has surpassed Wall Street targets for quarterly results after affluent consumers undeterred by decades-high inflation snapped up its luxury parkas and jackets.


Canada Goose



Toronto-listed shares of the company rose about 3% as its second-quarter revenue forecast also came in largely above estimates.

Luxury companies from Ralph Lauren to Louis Vuitton owner LVMH have seen little to no impact from rising inflation as higher-income customers travel and shop in earnest, spending the savings they had built up during two years of lockdowns. 

"As of today, we've not seen any signs of slowing demand ... I continue to believe and expect that our business is going to stay on course for the rest of the year," Canada Goose Chief Executive Dani Reiss told Reuters in an interview.

COVID lockdowns and store closures in top luxury market China sent the company's Asia Pacific revenue down 6.3% to C$16.1 million ($12.63 million), but its stores in the country reopened towards the end of June.

Canada Goose is now experiencing pent-up demand in China and expects positive sales trends in the region going forward as consumers return to stores, Reiss said.

He added that it has not seen any impact to sales in Europe from a heatwave that swept across the region in mid-July.

The luxury consumer in general is taking advantage of getting to participate in social events again and Canada Goose is still a brand that has momentum across its segments, said Jessica Ramírez, senior research analyst at Jane Hali and Associates.

The company's revenue rose 24% to C$69.9 million in the first quarter, beating expectations of C$62.6 million, according to IBES data from Refinitiv.
Excluding items, it posted a loss of 56 Canadian cents per share, smaller than estimates of 61 Canadian cents.

© Thomson Reuters 2024 All rights reserved.