Otrium, an online outlet store for fashion brands, said on Wednesday it had raised $120 million from investors as it launches in the US and develops its platform for trading items left unsold at the end of the season.
Canada Goose beat estimates for quarterly revenue and profit on Thursday, boosted by a surge in online sales and increased demand for its luxury parkas in China, sending the company’s U.S-listed shares up nearly 21%.
Remarkably, on the day the second lockdown in Paris ends, November 28, and clothing stores can open, Canada’s Nobis will debut a brand new store there. Its co-founder Robin Yates explains how it has defied the downturn.
Canada Goose has launched Humanature, a new purpose-built platform designed to unite its sustainability and values-based initiatives; and unveiled its most sustainable ever coat, a new Standard Expedition Parka.
The Canadian parka specialist has been extending its range ever since its 2017 stock market listing. It is now set to enter the footwear market, having hired Adam Meek, formerly global senior VP of product at Sperry.
Canada Goose Holdings Inc posted its slowest revenue growth in eight quarters and forecast even slower sales growth for the next three years on Wednesday, sending shares in the high-end winter clothing brand down 26%.