Retail News CRM

Tag: coat

  • Canada Goose revenues surge more than 50%

    Canada Goose revenues surge more than 50%

    Canada Goose Holdings announced its financial results for the third quarter, highlighting a surge in revenues after new store openings both physical and online. For the quarter ended December 31, 2018, the North American outdoorwear company said total revenues increased by 50.2% to $399.3m from $265.9m, or 49% in constant currencies.

    Direct-to-consumer sales totalled $253.3m from $131.7m last year, driven by the strong online and in-store sales. Canada Goose said it opened five new stores during the quarter and an online store.

    Wholesale revenue increased to $164m from $134.2m, on the back of higher order values from existing partners, coupled with earlier shipment timing relative to last year.

    The Toronto-based company reported net income came in at $103.4m, or $0.93 per diluted share, compared to $63m, or $0.56 per diluted share. The 64% increase was due to higher operating income and a lower effective tax rate, said Canada Goose.

    Adjusted EBITDA was $151.1m, compared to $94.7m.

    “Fiscal 2019 is shaping up to be another year of impressive results. In our peak selling season we continued to deliver when and where it matters most, while also strengthening our foundation for future success on the global stage,” said Dani Reiss, Canada Goose President & CEO.

    “We have successfully entered new markets, introduced new product, and increased capacity to meet growing demand in both channels. We remain deeply confident in the long runway we have ahead.”

    Looking ahead for 2019, annual revenue growth is projected to be in the mid-to-high thirties on a percentage basis, compared to at least 30%.

    Annual growth in adjusted net income per diluted share is now predicted to be in the mid-to-high forties on a percentage basis.

    Founded in 1957, Canada Goose is today one of the world’s leading makers of performance luxury apparel. The Made-In-Canada advocate employs more than 3,400 people worldwide.

    In Asia, the Canadian brand has flagships in Tokyo, Beijing and Hong Kong.

  • Camel is the new black : Max Mara’s exhibition in Seoul

    Camel is the new black : Max Mara’s exhibition in Seoul

    Italian fashion house Max Mara opened its exhibition named “Max Mara, Coats!” at the Dongdaemun Design Plaza in Seoul on 28 November 2017. The brand’s representative product, ‘Coat’, provides a new perspective on their history and tradition.

    This exhibition was held in Seoul at the Dongdaemun DDP six years after Berlin, Tokyo, Beijing and Moscow.

    Many of the stars wore camel-colored coats for this occasion, the signature item of the brand. Many celebrities and influencers such as Um Jeong Wha, Oh Yeon Seo, Yoona of girl’s generation, Son Na Eun of A-pink, Gi EunSe attended the event.

    Various coat collections representing “Max Mara”, including Manuela coat, have changed since the 1950s, with themes of each era. The exhibition space consists of seven themed spaces, allowing visitors to have a unique experience.

    For this exhibition, artist Lee Dae-hyung who is the curator of the Korean Pavilion of the Venice Biennale and artist Kang I-yeon who worked as an artist at the London Victoria & Albert Museum of Art joined forces to celebrate Max Mara’s iconic product.

    A special dome structure ‘deep surface’ that reinterprets the boundary between technology, human and space is also a point of observation which adds a modern touch to the traditional item.

    In particular, for this exhibition, Ian Griffith, creative director of Max Mara, presented a look inspired by the traditional organic bowls used by the royal family of the Joseon Dynasty.

    He created ‘Seoul Special Look’ which combines one button tailored coat with pure camel material, a shirt with a cuff detail and a pencil skirt.

    This ‘Seoul special look’ has been launched in major domestic and international stores starting from the 29 November 2017, opening day of exhibition.

    The exhibition is free and can be booked through the official Max Mara Korean website.

    The exhibition will be held from 29 November to 12 December 2017 at the Dongdaemun Design Plaza (DDP).

    Lees ook: