Canada Goose bucks the trend: China as a bright spot

At Canada Goose, revenue rose 5.9% in the second quarter, despite a sharp decline in Europe. Notably, China and e-commerce are the main drivers of growth for the Canadian luxury brand. Nevertheless, losses continue to mount, and same-store sales are lagging.

Stores are losing ground

Revenue rose 5.9% to 274 million Canadian dollars (173.2 million euros) in the quarter ending September 27, but behind these positive figures lie significant regional differences. While other luxury brands are struggling in the Chinese market, Canada Goose’s revenue in the Asia-Pacific region rose by 23.1%. In the EMEA region, however, sales fell by 14%, mainly due to weak performance from European stores.