Canada Goose Reports Robust Growth for Year Ended March 31, 2024 Canada Goose has posted an impressive performance with a 22% sales growth in Q4, thus beating revenue estimates and exceeding expectations with a C$358 million ($263 million) reported revenue. As a result, stock price jumped 12% in yesterday’s trading. The strong sales momentum in Q4 was driven by excellent retail performances in China and the USA, with sales increasing about 30 % in greater China and nearly 25 % in North America YoY. Full-year revenue grew by 10% to $1333.8 compared to the prior year, with the gross margin expanding from 67% to 68.8% YoY. For the full year, DTC revenue increased by 18%, while wholesale revenue decreased by 16%. The company is focused on boosting Asian sales, a crucial asset for their growth, with over 40% of their stores located there. They have also expanded their physical presence by opening 3 new permanent locations in Q4. Canada Goose predicts slower overall sales growth for fiscal 2025 but aims to boost profits and margins significantly. The company plans to raise prices in the mid-single digits and increase its margin by decreasing the wholesale channel and prioritizing the DTC channel. #CXG #CX #customerexperiencegroup #customerexperience #financialresults #canadagoose
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The last two quarters for much of the retail industry are where the bulk of annual sales targets are achieved, few, however, experience a similar magnitude of seasonal dependency as Canada Goose. Understanding that reliance was the rationale for opening their stores and deepening their relationship with customers. The next step? - to expand into net new categories utilizing the brand trust they have already established to alleviate the reliance on October to March and widen their expertise. Total Locations- 41 2022 Sales- $1.1B 2022 Sales Growth- 21% 2022 Ecommerce Growth- 16% Q2/Q3 (Oct-Mar) Sales Share- 85% Reference: 2022 Financial Report
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Dollarama L.P. (TSX:DOL) reported a year-over-year increase in its third-quarter profits and sales as price-sensitive shoppers favored the Montreal, Canada-based discount store chain over other retailers. It reported a 31.4% year-over-year increase in diluted earnings per share to C$0.92 from C$0.70, above estimates of C$0.86. Sales rose 14.6% from C$1.29 billion in the year-ago quarter to C$1.48 billion, in line with Street expectations, which the company attributed to an increased store count and improved comparable store sales. “Sustained consumer demand for our broad range of affordable everyday products and strong execution in the third quarter of fiscal 2024 drove double-digit same-store sales growth for a sixth consecutive quarter as well as over 31% earnings per share growth,” #Dollarama CEO Neil Rossy said in a statement. More at #Proactive #ProactiveInvestors #TSX #DOL http://ow.ly/IrcW1055xGg
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www.cpgconnect.ca/news: The retail sector in Canada continues to face challenges as it embarks on a new year. Retail Insider asked three well-known experts in the industry to discuss what 2023 was like for retail in Canada and what we can expect in 2024. https://lnkd.in/gRangw8Q www.cpgconnect.ca/news follows Consumer Goods and Retail News. To stay current, you can create News Alerts by Category. Membership is free. #RetailPredictions2024 #CPG #ConsumerGoods #FMCG #FastMovingConsumerGoods #Retail #News #CPGConnectNews
Expert Canadian Retail Predictions for 2024, and 2023 Review [Feature Interviews]
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Australia Retail Sales Show Moderate Growth in 1.1% January In January, Australia witnessed a modest uptick in retail sales, with the total value increasing by 1.1 percent on a seasonally adjusted basis, according to data released by the Australian Bureau of Statistics. The total retail sales for the month amounted to A$35.723 billion, indicating a rebound from the 2.7 percent contraction observed in December. However, the growth fell short of market expectations, which had anticipated a larger increase of 1.6 percent. #australia #sales #retail #growth
Australia Retail Sales Show Moderate Growth in 1.1% January
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In turbulent economic times, a true logistics partner can scale up, optimize and help your fast-moving enterprise adapt and thrive.
📈 Exciting News for Canadian Retail! 🛍️ In October, retail sales in Canada experienced a positive surge, with ecommerce playing a significant role in driving this growth. 🚀 If you're at the helm of a burgeoning brand and seeking robust supply chain support, NLS has you covered. 🔗 Check out the insightful analysis by J.C. Williams Group for a closer look at the trends shaping 2024: https://lnkd.in/g9A9n6wt Ready to take your brand to new heights? Let's connect! Feel free to reach out for a chat about optimizing your supply chain for continued success. 🌐📊 #RetailGrowth #SupplyChainExcellence #EcommerceSuccess #BusinessGrowth
Canadian Retail Sales Grew in October, Providing Insights to 2024 [J.C. Williams Group Analysis]
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Australia Retail Sales Show Moderate Growth in 1.1% January In January, Australia witnessed a modest uptick in retail sales, with the total value increasing by 1.1 percent on a seasonally adjusted basis, according to data released by the Australian Bureau of Statistics. The total retail sales for the month amounted to A$35.723 billion, indicating a rebound from the 2.7 percent contraction observed in December. However, the growth fell short of market expectations, which had anticipated a larger increase of 1.6 percent. #australia #sales #retail #growth https://lnkd.in/dQ5EXufA
Australia Retail Sales Show Moderate Growth in 1.1% January
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Canadian retail sales slumped in March with All Stores declining -1.7% YOY, with discretionary categories (All Stores Less Automotive, Food, and Pharmacies) down -2.5% YOY. Read more about retail sales in Canada: https://ow.ly/WsBR50S1512 #Retail #Sales #Economy
Declining Sales and Footfall Plague Canadian Retailers [J.C. Williams Group StatCan Analysis]
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Canadian retail is projected to experience modest growth in Spring 2024, driven by steady consumer spending and targeted marketing strategies. Despite economic challenges, retailers are finding innovative ways to attract and retain customers, focusing on personalized experiences and digital engagement. Understanding these trends is crucial for businesses aiming to capitalize on the evolving market dynamics. More about how Canada's retail sector performed in spring 2024: https://ow.ly/nGh550SqOHj #Retail #Economy
Canadian Retail Insights: Modest Growth Seen for Spring 2024 with Shifting Consumer Trends [J.C. Williams Group Analysis]
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In December 2023, Australia witnessed a 2.7% drop in overall retail sales compared to the previous month, yet marked a 0.8% increase from December 2022. The forthcoming report, scheduled for release on the 6th of February 2024, will highlight industry-specific changes, including a 0.1% rise in food retailing and notable declines in household goods and clothing sales.
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Canadian retail is projected to experience modest growth in Spring 2024, driven by steady consumer spending and targeted marketing strategies. Despite economic challenges, retailers are finding innovative ways to attract and retain customers, focusing on personalized experiences and digital engagement. Understanding these trends is crucial for businesses aiming to capitalize on the evolving market dynamics. Learn more about how Canada's retail sector performed in spring 2024: https://ow.ly/GjFg50SqpEz #Retail #Economy
Canadian Retail Insights: Modest Growth Seen for Spring 2024 with Shifting Consumer Trends [J.C. Williams Group Analysis]
https://retail-insider.com
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