Canada Goose lays off 17% of its corporate workforce

Luxury outerwear business Canada Goose has reduced It is business Workforce by 17 percent.

THE Based in Toronto business did not specify THE total number of employees impacted by What he describe as A “redesign of OUR global business Workforce as part of OUR in progress transformation program. »

As of April 2023, Canada Goose would have had A 4,760 people staff, according to has Refinitiv.

In A interview with WWD In FEBRUARY, president And chief executive officer Dany Reiss describe THE consumer environment as "lukewarm." As a lot brands that answer has cold temperature passionate, Canada The goose sales to have has been temperate by out of season hot temperatures In THE WE. This pass winter.

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Developer THE news of THE layoffs In A statement Tuesday, Canada Goose Underlines It is plans has invest In THE brand, design And best in class operations. THE business said THE realignment "will yield immediate cost savings, simplify organizational structure, accelerate decision manufacturing And increase efficiencies through OUR Operating platform. Moving Before, cross-functional teams will be integrated, And business activities will be aligned has OUR go forward strategy. »

THE business Also released A little changes has THE senior executive level. Carrie Baker, president brand And commercial, will take on A extended role by monitoring design. Beth Clymer, WHO officially took on A new role has THE business In January as president of finance, strategy And administration, East NOW Also add operations has her responsibilities.

In addition, John Moran, THE the company ancient chief Operating officer, got out March 19. In turn, Dan Binder, WHO joined THE brand complete time last spring as chief transformation officer, will NOW oversee global stores.

Reiss said Tuesday In A statement, "Today, We are realignment OUR teams has ensure that business resources are adjust For aim has fuel OUR following phase of growth through geographies, categories And chains. We are concentrate on reach efficiency And margin expansion, while invest In key initiatives — brand, design And best in class operations — that will powerfully position OUR iconic performance luxury brand has deliver long term growth. »

He continued, "While THE decision has reduce OUR Workforce was difficult, he was THE RIGHT decision has put OUR business In THE best position For THE future. HAS those employees WHO are exit We, thank You For choose has spend part of your career has Canada Goose. I am personally grateful has each And each A of You And For THE contributions You to have do during your time with We. »

Canada Goose will report It is complete results For THE quarter And THE year END March 31 on It is Can earnings call.

In developer tax third quarter results In FEBRUARY, THE business said he had continued has see wholesale declines, due partially has A lack of winter temperatures has THE to start of THE season. Canada The goose total wholesale sales For that quarter fell by 28.5 percent has 81.8 million canadian dollars, while direct to consumer sales through THE brands website And It is own stores pink 14.2 percent has 514 million canadian dollars.

"THE weakness In wholesale East thematic In THE industry. Vacation was A very very promotional environment" with sales be led by price promotions, Reiss said WWD In February.

For that quarter, sales In THE WE. decreases 13.8 percent has 157.5 million canadian dollars.