Luxury parka maker Canada Goose Holdings Inc. slashed expected revenue growth for the year due to “material negative impact” from the new coronavirus outbreak. Canada Goose has seen significant reductions in revenue at retail stores and through online shopping across Greater China. Reiss said the company expects any long-term supply chain impact to be offset by inventory Canada Goose built up over the last year. The Canada Goose chief executive also said the company’s “hearts go out to everyone who has been affected” and that Canada Goose donated roughly $190,000 (or 1,000,000 Chinese Yuan Renminbi) to the Wuhan Charity Foundation to help fight the battle against coronavirus. Canada Goose has 21 stores, according to its website, including one each in Beijing, Shenyang, and Shanghai, China, as well as two in Hong Kong.

Source: thestar February 07, 2020 14:20 UTC