Luxury clothing brand Canada Goose is strengthening its position in the U.S. market. By the end of June 2023, the company is preparing to open three new stores.
According to the company’s press service, the openings are planned in Shops at Crystals in Las Vegas (it will be the brand’s second store in the city), as well as in Bellevue, Washington and Los Angeles.
The brand will feature art from the Canada Goose Art Collection, the world’s largest collection of Inuit art, at the new outlets.
Canada Goose immediately announced the pending U.S. retail expansion after reporting financial results for the fourth quarter of fiscal year 2022. The company’s sales rose 31.4% to $217.4 million. Direct sales revenue added 22.6%. The retailer now operates 51 stores.
Canada Goose expects to open 16 new stores in fiscal 2024 – in the U.S., Japan and China. The U.S. outlets will feature an expanded product line of apparel, parkas, footwear and accessories. Expanding the product range is part of the company’s strategy to transform its business. In particular, the brand will unveil a line of sneakers and new “hyperfeminine” clothing styles for the first time this summer.
