DI­RECT-TO-BUYER BUSI­NESS FOCUS OF CANADA GOOSE

National Post (Latest Edition) - - FINANCIAL POST -

Lux­ury ap­parel maker Canada Goose Holdings ex­pects its fledg­ling di­rect- to- con­sumer busi­ness to con­trib­ute about half its prof­its in the long term, from about 14 per cent in the three months through Septem­ber, chief ex­ec­u­tive of­fi­cer Dani Reiss said on Thurs­day. The com­pany, which re­ported a big­ger-than-ex­pected profit in the quar­ter ended Sept. 30, also said op­er­at­ing in­come from its di­rect-to-con­sumer busi­ness, com­pris­ing own-store and on­line sales, was 18 times higher than a year ago. “We see, over time, di­rect-to-con­sumer and whole­sale com­ing more into bal­ance,” Reiss told Reuters, de­clin­ing to spec­ify a time frame. “We don’t have plans to open 100s of stores. We have plans to sys­tem­at­i­cally and strate­gi­cally open the right stores in the right places.”

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