.canadagoose's CEO Dani Reiss told WWD that the brand’s consumer is not showing any slowdown.
Reiss said first-quarter sales tend to be a “leading indicator of the year ahead” and saw them as “very promising.”
However, revenue from Japan was minimal compared with 9.3 million Canadian dollars a year ago due to an accounting shift tied to the creation in April of the Canada Goose Japan Joint Venture with Sazaby League Ltd. on April 4.The gain underscores the continuing importance of wholesale despite the long march in the“What I read out of this [wholesale sales gain] is that there’s more demand sooner,” Reiss said.
Just as catering to a higher-end shoppers shields Canada Goose from some consumer worries, Reiss said the brand’s Made in Canada approach also insulates it from cost inflation and supply chain woes. “We’re seeing gross margins go up, which seems to be atypical in our category these days,” the CEO said. “That’s a lot to do with the way we run our business. We manufacture our products in Canada, so we’ve been relatively insulated.
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