MARKET COMPOSITE
GOOS - Canada Goose Holdings Inc8:00:02 PM 4/24/2024
Price
$11.50
+ 0.13 (1.14%)
Canada Goose Holdings Inc. designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Asia, Europe, and internationally. The company operates through three segments, Direct-to-Consumer, Wholesale, and Other. It offers parkas, lightweight down jackets, rainwear, windwear, knitwear, footwear, and accessories for fall, winter, and spring seasons. As of March 29, 2020, it operated 20 retail stores. The company also sells its products through e-commerce, as well as wholesale partners and distributors. Canada Goose Holdings Inc. was founded in 1957 and is headquartered in Toronto, Canada.
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    Canada Goose has reduced its corporate workforce by 17 percent, but the company declined to specify how many people were impacted.

    Canada's main share index ended steady on Tuesday, as gains in healthcare stocks were offset by losses in energy stocks, while Canada Goose shares fell 7% after the company announced plans to cut 17% of its workforce to rein in costs. The Toronto Stock Exchange's S&P/TSX composite index closed down 0.14% at 21,912.52. The TSX is on course to end the first quarter of 2024 on an upbeat note, with energy and industrials among top gainers.

    Canada Goose on Tuesday revealed that about 17% of its corporate workers would lose their jobs to layoffs. The cuts coincided with the high-end outerwear company restructuring aspects of its management team.

    Canada's resources-heavy stock index inched higher on Tuesday, with precious metals miners and healthcare stocks in the lead, while Athabasca Oil was among the top losers after a brokerage downgraded the oil explorer. At 10:22 a.m. ET (1422 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 33.23 points, or 0.15%, at 21,975.51. The TSX is set to end the first quarter of 2024 on an upbeat note, with energy and industrials among top gainers.

    Companies ranging from tech majors and banks to retailers and packaged food makers have kicked off 2024 with layoffs, adding on to the spate of job cuts seen last year. Canada Goose also said Carrie Baker, president of brand and commercial, would expand her role to oversee design, while Chief Transformation Officer Daniel Binder would take on the additional responsibility of overseeing global stores. Canada Goose in February posted a 14% slump in quarterly revenue from North America, hurt by l...

    Canada Goose on Tuesday said it would be reducing about 17% of its corporate roles, as the luxury parka maker looks to rein in costs amid weaker consumer spending. The company also said Carrie Baker, president of brand and commercial, would expand her role to oversee design.

    TORONTO, March 26, 2024--Today Canada Goose (NYSE, TSX: GOOS) announces a redesign of our global corporate workforce, as part of our ongoing Transformation Program, representing a reduction of approximately 17% of corporate roles. The changes followed a comprehensive review of the organizational structure and roles needed to achieve our strategic objectives, which we anticipate will yield immediate cost savings, simplify organizational structure, accelerate decision making and increase efficienc