Canada Goose Releases New Expansion Plan This Year, It Will Add 6 New Stores This Year.

Controversial Canadian luxury feather clothing brand Canada Goose Canada goose is still not stopping its expansion.

This Tuesday, Canada geese released a new expansion plan, announced that it will add 6 new stores this year, of which 2 are in Europe, 1 in the United States, and 3 in Canada.

Dani Reiss, chief executive, said that Canadian goose shops not only sell products, but also provide consumers with quality services and create memorable experiences.

In 2018, Canada geese opened 5 new stores in the world, of which 2 were in China.

In the third quarter of December 31, 2018, canadian goose sales surged 50.2% to $399 million, a double-digit growth for 11 consecutive quarters, a gross margin of 64.4%, and net profit rose 72% to 105 million 300 thousand Canadian dollars, exceeding analysts' expectations.

Among them, Canada goose direct retail channel revenue rose 79% to 235 million yuan a year, mainly due to the brand new period in Hongkong, Beijing and other new stores and Tmall official flagship store, wholesale channel revenue also rose 22% from $134 million 200 thousand to $164 million, mainly due to the increase in the number of orders of existing partners and delivery time ahead of schedule.

DaniReiss said in a conference call after the earnings report that the brand has successfully entered new markets such as China, and has introduced new products. The demand for direct and wholesale channels is increasing. He is confident of the long-term development of Canada goose in the future. Two