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LULULEMON
Asset Protection Lead - Boston Seaport
Permanent · Boston
ESTEE LAUDER
Manager, Marketing el Travel Retail (Makeup & Fragrance)
Permanent · New York
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Fifth Avenue
Permanent · New York
ABERCROMBIE AND FITCH CO.
Lead Auditor - Data, Technology, & Compliance Risk (Remote)
Permanent · Columbus
ABERCROMBIE AND FITCH CO.
Lead Auditor - Operational & Compliance
Permanent · Columbus
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Seattle Outlets
Permanent · Marysville
MICHAEL KORS
Full-Time Sales Supervisor - Keystone, il
Permanent · Indianapolis
NORDSTROM
Area Manager Warehouse - 3rd Shift Inventory - San Bernardino, ca
Permanent · San Bernardino
NORDSTROM
Area Manager Warehouse - 2nd Shift Inventory - San Bernardino, ca
Permanent · San Bernardino
NORDSTROM
Manager - Asset Protection - Chestnut Rack
Permanent · Philadelphia
NORDSTROM
Senior Manager of Merchandise Inventory - Replenishment
Permanent · Seattle
NORDSTROM
Asset Protection - Security Ambassador - Irvine Spectrum Center
Permanent · Irvine
NORDSTROM
Asset Protection - Agent - Market Street Rack
Permanent · San Francisco
NORDSTROM
Asset Protection - Security Ambassador - Market Street Rack
Permanent · San Francisco
NORDSTROM
Operations Manager Warehouse - 3rd Shift - San Bernardino, ca
Permanent · San Bernardino
NORDSTROM
Manager - Asset Protection - King of Prussia
Permanent · King of Prussia
NORDSTROM
Area sc Manager 2
Permanent · San Bernardino
NORDSTROM
Asset Protection - Agent - The Shoppes at University Center Rack
Permanent · Bradenton
NORDSTROM
Assoc Manager, SEO Content Strategy - Remote
Permanent · Seattle
NEIMAN MARCUS
Manager Retail Performance & Store Operations- San Diego
Permanent · San Diego
CORPORATE
Associate Product Manager
Permanent · Irving
TALENT
Loss Prevention Representative (2nd Shift)
Permanent · Lynchburg
By
Reuters
Published
May 19, 2022
Reading time
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Canada Goose forecasts upbeat annual sales, profit on China recovery hopes

By
Reuters
Published
May 19, 2022

Canada Goose Holdings Inc, on Thursday forecast annual sales and profit above Wall Street expectations on hopes for a recovery in key China market and as demand for its luxury parkas and jackets stays strong.


Photo: Canada Goose



Sales of luxury goods have remained robust in North America with shoppers displaying pre-pandemic trends as surging prices of gas and food have not dissuaded affluent consumers from splurging on high-end items.

U.S.-listed shares of the Canadian company, which also posted a surprise quarterly profit, rose 5% following a broad market sell-off on Wednesday triggered by poor results from U.S. retailers.

While store closures and falling traffic in China stemming from a fresh round of lockdowns impacted the winterwear maker's business in the reported quarter, Chief Executive Dani Reiss said he was confident about a recovery in the region.

The environment in China will likely change by the third or fourth quarter, and things should be back to normal, Reiss told Reuters in an interview.

Known for its expensive red parkas, Canada Goose has remained insulated from surging supply-chain costs that have rattled the retail industry, and said it does not expect supply challenges to affect the year ahead. The company produced around 84% of its products in Canada last year.

For fiscal 2023, Canada Goose expects revenue to be between C$1.30 billion ($1.01 billion) and C$1.40 billion. Analysts on average expect it to be C$1.30 billion, according to Refinitiv IBES data.

The company projected full-year adjusted per-share profit of C$1.60 to C$1.90, compared with analysts' average estimate of C$1.61.

However, the luxury outerwear maker forecast first-quarter revenue below market estimates due to weakness in the Asia Pacific region.

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