GOOS Stock Recent News
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Canada Goose (NYSE: GOOS ) layoffs are in the news Wednesday as the luxury apparel company prepares to cut 17% of its corporate employees. Canada Goose notes that these layoffs will mostly be contained to its corporate headquarters, which has about 915 employees.
Canada Goose shares retreated Tuesday after the Canadian clothing company said it was again chopping head-office jobs in a bid to reduce costs and position for longer-term growth.
The news comes a month after Canada Goose reported North American revenue dipped 14% in its latest quarter ended Dec. 31.
Canada Goose Holdings Inc (NYSE:GOOS, TSX:GOOS), the luxury outdoor jackets retailer, is planning on cutting 17% of its global corporate workforce as part of a cost-cutting scheme as demand in the US remains under pressure. Around 156 jobs are expected to be cut under the plans, with the group's head office having employed 915 workers as of April last year, per its annual report.
Canada Goose said Tuesday it will cut about 17% of its corporate workforce as consumers continue to pull back on discretionary spending.
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Canada Goose Holdings Inc. (GOOS) Q3 2024 Earnings Call Transcript
The luxury market has been incredibly resilient, even amid the past few years of subtle macro headwinds and the bruising wave of inflation that hit consumers right in the wallet. Undoubtedly, the discretionary consumer goods scene isn't thriving right now.