Latest news with #SnowGoose
Fashion Network
6 days ago
- Business
- Fashion Network
Canada Goose prioritises Paris and Milan for 2025 retail expansion
'Our expanded design teams in Paris and Toronto are accelerating the development of new products in multiple categories,' said CFO Neil Bowden in conversation with financial analysts. Expanding the product range is primarily designed to boost customer loyalty. 'Apparel continues to be our fastest-growing category, for both the quarter and fiscal 2025,' Baker said. 'Our data shows that consumers who discover us through apparel are more likely to become regular customers,' she added. Ackermann's expertise is expected to add new range depth to Canada Goose. And the elements of the Snow Goose line are set to begin to percolate into the brand's entire offering in the coming seasons. 'Snow Goose remains an opportunity. It's a much bigger opportunity to bring the brand to life in a very different way. Haider's creative vision, his aesthetics, his approach to craftsmanship, all of this continues to delight our consumers. I'm looking forward to finding out about this shortly. Haider's seasonal capsules will feature entirely new styles, colourways and fabrics, among other things. It's very exciting. I think consumers will be very interested to see Canada Goose adopt a slightly different look as we move forward,' said Baker. Injecting the creativity of the Colombian-born French designer, who is working in parallel at Tom Ford, is also expected to enable Canada Goose to differentiate price-points between its evergreen products and new items with a more directional aesthetic, which will benefit, according to the brand, from increased agility in terms of product drops. It is a big challenge involving substantial investment, and Canada Goose said it would increase its investment budget for the current fiscal year, though it didn't provide revenue forecasts for the fiscal year ending in March 2026.
Fashion Network
6 days ago
- Business
- Fashion Network
Canada Goose prioritises Paris and Milan for 2025 retail expansion
'Our expanded design teams in Paris and Toronto are accelerating the development of new products in multiple categories,' said CFO Neil Bowden in conversation with financial analysts. Expanding the product range is primarily designed to boost customer loyalty. 'Apparel continues to be our fastest-growing category, for both the quarter and fiscal 2025,' Baker said. 'Our data shows that consumers who discover us through apparel are more likely to become regular customers,' she added. Ackermann's expertise is expected to add new range depth to Canada Goose. And the elements of the Snow Goose line are set to begin to percolate into the brand's entire offering in the coming seasons. 'Snow Goose remains an opportunity. It's a much bigger opportunity to bring the brand to life in a very different way. Haider's creative vision, his aesthetics, his approach to craftsmanship, all of this continues to delight our consumers. I'm looking forward to finding out about this shortly. Haider's seasonal capsules will feature entirely new styles, colourways and fabrics, among other things. It's very exciting. I think consumers will be very interested to see Canada Goose adopt a slightly different look as we move forward,' said Baker. Injecting the creativity of the Colombian-born French designer, who is working in parallel at Tom Ford, is also expected to enable Canada Goose to differentiate price-points between its evergreen products and new items with a more directional aesthetic, which will benefit, according to the brand, from increased agility in terms of product drops. It is a big challenge involving substantial investment, and Canada Goose said it would increase its investment budget for the current fiscal year, though it didn't provide revenue forecasts for the fiscal year ending in March 2026.
Fashion Network
6 days ago
- Business
- Fashion Network
Canada Goose prioritises Paris and Milan for 2025 retail expansion
'Our expanded design teams in Paris and Toronto are accelerating the development of new products in multiple categories,' said CFO Neil Bowden in conversation with financial analysts. Expanding the product range is primarily designed to boost customer loyalty. 'Apparel continues to be our fastest-growing category, for both the quarter and fiscal 2025,' Baker said. 'Our data shows that consumers who discover us through apparel are more likely to become regular customers,' she added. Ackermann's expertise is expected to add new range depth to Canada Goose. And the elements of the Snow Goose line are set to begin to percolate into the brand's entire offering in the coming seasons. 'Snow Goose remains an opportunity. It's a much bigger opportunity to bring the brand to life in a very different way. Haider's creative vision, his aesthetics, his approach to craftsmanship, all of this continues to delight our consumers. I'm looking forward to finding out about this shortly. Haider's seasonal capsules will feature entirely new styles, colourways and fabrics, among other things. It's very exciting. I think consumers will be very interested to see Canada Goose adopt a slightly different look as we move forward,' said Baker. Injecting the creativity of the Colombian-born French designer, who is working in parallel at Tom Ford, is also expected to enable Canada Goose to differentiate price-points between its evergreen products and new items with a more directional aesthetic, which will benefit, according to the brand, from increased agility in terms of product drops. It is a big challenge involving substantial investment, and Canada Goose said it would increase its investment budget for the current fiscal year, though it didn't provide revenue forecasts for the fiscal year ending in March 2026.
Fashion Network
6 days ago
- Business
- Fashion Network
Canada Goose prioritises Paris and Milan for 2025 retail expansion
Home › News › Retail Translated by Nicola Mira Download Print Translated by Nicola Mira Canada Goose, which manufactures nearly three quarters of its products in Canada, considers the current global tariff crisis as an opportunity. The brand, a specialist in parkas and outerwear for Arctic conditions, has reported results for fiscal 2024-25, closed on March 30, on par with the previous year, generating a revenue of CAD1.35 billion (€860 million), equivalent to a 1% increase. The Snow Goose line designed by Haider Ackermann - Snow Goose Canada Goose, founded in a Toronto warehouse in 1957 and currently led by Dani Reiss, notably recorded a 7% revenue rise in Q4 (and a 4% one at constant exchange rates), benefiting from the launch of an eyewear line. In North America, and especially the U.S., the brand posted an 8% revenue increase, a momentum sustained in April. 'Nearly 75% of our products are manufactured in Canada, and are virtually all compliant with the United States-Mexico-Canada Agreement (USMCA), and are exempt from customs duties. The rest of our products, chiefly coming from Europe, will be faced with increased customs duties, but the financial impact will be minimal,' said Beth Clymer, Canada Goose's president finance, strategy and administration. 'Beyond the issue of tariffs, our vertical manufacturing organisation is a genuine competitive advantage,' she added. In Q4, revenue grew also in China, increasing by nearly 8%, a performance reflected by positive results in the rest of the Asia-Pacific region, which grew by 63% to CAD32 the past two years, between exchange rate fluctuations and international economic upheavals, Asia Pacific has established itself as a key region for Canada Goose, its revenue growing from CAD354 million to CAD538 million. North America has meanwhile returned to the revenue levels of two years ago, after a tough fiscal 2023-24. Canada Goose is instead struggling in the European market, with revenue falling from CAD282 million to CAD231 Q4, EMEA as a whole posted a downturn compared to the same period a year earlier, generating only CAD49 million out of the CAD385 million recorded by the group in the quarter, chiefly owing to a negative performance in the UK.'The UK has continued to face harder market conditions than the rest of the region, while our stores in Milan and Paris performed well,' said Carrie Baker, Canada Goose brand president. Canada Goose operates a flagship in Milan and another in Paris, on rue Saint-Honoré - Canada Goose Canada Goose seems determined to maintain its position in Europe, and intends to focus on two fashion capitals like Milan and Paris. Both cities are among the brand's investment priorities for the current fiscal year. Last year, Canada Goose announced it wanted to double its direct retail fleet by 2028, concentrating on DTC growth. In 2024-25, DTC sales increased by 5% over the previous fiscal year, reaching just shy of CAD1 billion, despite the fact that comp sales fell by nearly 4%. Revenue in the wholesale channel dropped by nearly 17%, as Canada Goose continued to rationalise the number of clients. Canada Goose said it wants to focus on high-calibre partners able to support the evolution of its brand identity, driven by the Snow Goose campaign, the first element in the brand approach deployed by Creative Director Haider Ackermann, who was appointed a year ago. Selfridges and Galeries Lafayette in Paris now both feature the brand's new retail activations. Canada Goose is planning several store renovations, and is set to open more stores than the four it did in 2024-25. It intends to open new flagships in Milan and in Paris, where last year the brand was in advanced negotiations for an address on the Champs-Elysé is becoming increasingly central for the brand. Its Parisian design studio, which saw the light in parallel with Ackermann's appointment, is expanding, and is looking to hire creative profiles as well as materials and sourcing experts. The same approach has been adopted at the Toronto headquarters, as Canada Goose seeks to develop an attractive year-round product offering. The brand wants to double its drops every season, introducing new products more regularly. Canada Goose's Parisian design studio, working notably on the Snow Goose line by Haider Ackermann, is expanding - Snow Goose 'Our expanded design teams in Paris and Toronto are accelerating the development of new products in multiple categories,' said CFO Neil Bowden in conversation with financial the product range is primarily designed to boost customer loyalty. 'Apparel continues to be our fastest-growing category, for both the quarter and fiscal 2025,' Baker said. 'Our data shows that consumers who discover us through apparel are more likely to become regular customers,' she expertise is expected to add new range depth to Canada Goose. And the elements of the Snow Goose line are set to begin to percolate into the brand's entire offering in the coming seasons.'Snow Goose remains an opportunity. It's a much bigger opportunity to bring the brand to life in a very different way. Haider's creative vision, his aesthetics, his approach to craftsmanship, all of this continues to delight our consumers. I'm looking forward to finding out about this shortly. Haider's seasonal capsules will feature entirely new styles, colourways and fabrics, among other things. It's very exciting. I think consumers will be very interested to see Canada Goose adopt a slightly different look as we move forward,' said Baker. Injecting the creativity of the Colombian-born French designer, who is working in parallel at Tom Ford, is also expected to enable Canada Goose to differentiate price-points between its evergreen products and new items with a more directional aesthetic, which will benefit, according to the brand, from increased agility in terms of product drops. It is a big challenge involving substantial investment, and Canada Goose said it would increase its investment budget for the current fiscal year, though it didn't provide revenue forecasts for the fiscal year ending in March 2026. Copyright © 2025 All rights reserved. Tags : Luxury Ready-to-wear Retail Business
Yahoo
24-05-2025
- General
- Yahoo
For the first time since the Key Bridge collapse, oysters are being planted nearby
Frits de Goede, operations manager at Ports America Chesapeake, dumps oysters overboard to plant them in the Patapsco River, one of the first Chesapeake Bay Foundation plantings since the collapse of the Key Bridge. (Photo by Christine Condon/ Maryland Matters) Ben Carver, a boat captain for the Chesapeake Bay Foundation, assumed the worst. When Baltimore's Francis Scott Key Bridge collapsed — killing six construction workers and sending thousands of tons of concrete and steel hurtling into the Patapsco River — Carver feared that the foundation's nearby oyster reef would be smothered beneath the sediment and debris. 'I thought all of our little buddies out there would be dead,' said Carver, the foundation's Baltimore Harbor Environmental Education Program captain. He had last visited the reef, located beside historic Fort Carroll, the night before the tragedy, when he dredged up some oysters from the river bottom for a regular check-up. It would be about six months before he could return to inspect the reef, upon which 6 million oysters have been planted since 2008. What he found surprised him. Healthy oyster after healthy oyster. 'These are resilient little things,' Carver said. This month, the Bay Foundation began oyster planting at the fort for the first time since the bridge fell. In two boat trips to the site, schoolchildren and other volunteers have tossed an estimated 128,187 oysters overboard, to start their new lives in the Patapsco. The goal is to plant half a million oysters there this summer. Last year, with maritime traffic limited in the Patapsco River channel during the typical planting season. oysters grown in and around the Baltimore Harbor that would have gone to Fort Carroll were planted in the Magothy River instead. It was a hard decision, said Kellie Fiala, Maryland oyster restoration coordinator for the Bay Foundation. Staffers toyed with keeping the oysters in their dockside cages, and waiting to plant them at the fort, a manmade island fortress that never saw battle, but has become a sanctuary for cormorants, gulls and other seabirds. But keeping the oysters out of the reef during peak feeding season could have caused some to perish, Fiala said. 'People were very understanding, but we're very excited to get oysters back in Baltimore, in the Patapsco River, where people are growing them,' she said. Aboard the Snow Goose, the Bay Foundation's educational vessel, volunteers start by counting the number of oysters, which appear as small dots on the rough grey shells, on a selection of shells. From there, they estimate the total number of mollusks that will be planted. Once they reach Fort Carroll the process is simple: Volunteers grab a bright blue basket filled with oysters, and dump them over the side of the boat and into the murky depths. But getting each oyster ready for release day is a bit more complicated. It begins at the Bay Foundation's Oyster Restoration Center in Shady Side, where oyster larvae are placed in tanks with recycled oyster shells, their preferred substrate. The setup mimics a natural process, which has become more difficult for baby oysters as the Chesapeake Bay's oyster reefs dwindle. 'Imagine being fertilized, being born, and then having two weeks to find your forever home,' Fiala said. 'That's what they have to do.' Once the baby oysters adhere to a shell, they're known as spat. Afterwards, the spat-on-shell bound for Fort Carroll are moved to submerged cages around the Baltimore Harbor, where they are minded by volunteer 'oyster gardeners' for their first year of life. The cages help shelter the vulnerable young oysters, and keep them from sinking into the mud, serving the function of oyster reefs, which once rose above the surface of the Chesapeake in some places, snarling passing ships. Domino Sugars in downtown Baltimore is a longtime 'gardener,' and contributed tens of thousands of oysters to a planting this week, the second since the Key Bridge fell. Others came from the Seagirt Marine Terminal in Dundalk and Vane Brothers in South Baltimore, which are newer participants. Frits de Goede, operations manager for Ports America Chesapeake, which operates Seagirt, said the group wants to up its game next year, in hopes of inching closer to Domino's oyster number. Ports America grew 5,580 oysters this year, compared to Domino's 21,060. 'We're trying to work up to that,' de Goede said. Gardeners periodically pull up the cages attached to their docks, and clean off any algae or debris, to ensure that the oysters get plenty of water flow. Oysters are filter feeders, which means that they pull nutrients from the water column in order to survive and grow. Therein lies their value to the Chesapeake Bay, which is beset by excess nutrients such as nitrogen and phosphorus, runoff from farm field fertilizer and sewage treatment plant discharges, among other sources. The excess nutrients spur the growth of algae, which essentially suck oxygen from the water as they die, creating hazardous anoxic conditions — 'dead zones' — for crabs and fish. But adding more oysters in the Chesapeake means more nutrients will be filtered out, strengthening ecosystems and further growing the natural oyster population. Decimated by disease, harvesting and habitat loss, the bay's oyster population has plummeted since the 1800s. While it once took Chesapeake oysters an estimated three days to a week to filter all the water in the bay, it now takes more than a year, Fiala said. 'We also couple that with the fact that there's more people in the bay watershed than ever before having an impact. So, we need more oysters in the water than we have ever had,' Fiala said. The strategy could be working. The Maryland Department of Natural Resources released a summary this week of its latest stock assessment for oysters in Maryland portions of the bay, which found that the population increased from 2.4 billion adult oysters in 2005 to 7.6 billion in 2024. Back then, Maryland's oyster population was just starting to recover from devastating bouts of disease, such as MSX and Dermo. Mike Wilberg, a professor at the University of Maryland Center for Environmental Science who led the assessment, pointed to three reasons for the increasing trend in a news release from the department. 'The first one is that we have had some good spatsets,' he said. 'The second one is that natural mortality rates, or particularly disease, hasn't been as bad as it was in the 1980s and 1990s. And then the last one is that the department has maintained restrictions on harvesting that have allowed the oysters that are in some of these areas to continue to survive and reproduce.' The stock assessment doesn't include oyster sanctuaries like the ones at Fort Carroll, focusing instead on oyster bars that are open to harvesting. But large-scale restoration sites, planted by DNR and partner organizations, make up substantial portions of several harvest regions — and they're likely strengthening the oyster harvest in their areas, Wilberg said in the news release. 'The three major restoration sanctuaries that are pretty much finished have all been really strong successes,' Wilberg said. But the Bay Foundation believes there's more to be done. In a 2024 report entitled 'Hope on the Half Shell,' the foundation pushed for Maryland and Virginia to establish sanctuaries in an additional 20 tributaries, ensure that 11 existing tributaries are maintained, and bolster the aquaculture industry, which grows oysters for consumption, by leasing more areas to proprietors. There are two small sanctuaries on either side of Fort Carroll, Fiala said: a 2-acre plot and a 1-acre plot. In part to protect those two areas, the Bay Foundation is keeping a close eye on the effort to demolish the remainder of the Key Bridge and build its successor, said Gussie Maguire, Maryland staff scientist at the foundation. 'There are certain practices that can be put in place — and that we're advocating for — to minimize the impacts of disturbing the sediment with the explosives and all that,' Maguire said. 'Silt curtains on land, turbidity curtains in the water.' In a September 2024 letter to the Maryland Department of the Environment, which is in charge of permitting for the new bridge site, the Bay Foundation highlighted the importance of the reefs. While testing found the reefs in 'relatively good' shape after the collapse and the subsequent salvage effort, 'more extensive disturbances' could 'impact these nearby reefs in the absence of proper precautions,' wrote Allison Colden, the Bay Foundation's Maryland executive director. 'Nearly every weekday during the spring and fall school season, students sample the reefs at Fort Carroll to learn about the importance of oysters for water quality, habitat, and biodiversity,' Colden wrote. 'The protection of these areas from disturbance and damage associated with bridge reconstruction will be critical.' The Bay Foundation is also pushing for the rebuilt bridge to include new features such as upgraded filtration for stormwater, reducing the amount of rainwater that washes off the bridge's roadway and directly into the Patapsco, carrying pollutants with it. That could include the addition of a piping system with filters included, but it could also include the installation of rain gardens, known as bioswales, on either end of the new bridge, like at the Aurora Bridge in Washington State, the Bay Foundation said. Or the new bridge could host floating wetlands that could filter pollutants, like the ones installed at Baltimore's National Aquarium nearby. The new bridge will be wider than its predecessor, potentially increasing the discharge of pollutants 'including trash, oil and grease residues, salt and brine during winter weather, and tire dust and other sediments,' and increasing the necessity of adequate stormwater treatment, Colden said. In the meantime, the return of oyster plantings mere feet from the Key Bridge wreckage is a welcome symbol of the city's toughness, Fiala said. 'Baltimore has a lot more behind it — a lot more resilience — than I think people give it credit for,' Fiala said.
