What is Good for the GOOS is Good for Gander
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What is Good for the GOOS is Good for Gander
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Podcast on Canada Goose's fiscal year 2024 showed revenue growth, driven by retail expansion and strategic initiatives. The company's fourth quarter saw a 22% revenue increase, while the full year experienced a 9.6% rise. Key highlights included opening new stores, launching a recommerce platform, and expanding product lines, including footwear. To streamline operations and boost efficiency, Canada Goose implemented workforce reductions, projecting significant cost savings. Looking forward to fiscal year 2025, the company anticipates further revenue growth, focusing on retail excellence, brand evolution, and operational simplification. However, Canada Goose withdrew its long-term financial targets due to changes in business conditions and challenges in its retail platform. They also appointed a new Creative Director to reshape their product portfolio and creative aesthetic.