Canada Goose to reduce 17% of corporate workforce (updated)

Canada Goose Holdings

26/03/2024 13:24

(Adds details throughout)
       March 26 (Reuters) - Canada Goose  GOOS.TO   GOOS.N  on
Tuesday said it would be reducing about 17% of its corporate
roles, as the luxury parka maker looks to rein in costs amid
weaker consumer spending.
        As of April 2, 2023, 915 employees worked at Canada
Goose's corporate head offices, bringing the layoffs to about
156 jobs.
  
    "Today, we are realigning our teams to ensure that corporate
resources are fit for purpose to fuel our next phase of growth
across geographies, categories, and channels," CEO Dani Reiss in
said a statement.
        The company also said Carrie Baker, president of brand
and commercial, would expand her role to oversee design.
  
        In February, the retailer had 
    warned
     that its market in China was not immune to the soft-macro
environment, as customers cut back on excessive spending, a
trend the company has also seen in the United States.
  

 (Reporting by Granth Vanaik in Bengaluru; Editing by Maju
Samuel)
 ((Granth.Vanaik@thomsonreuters.com | X : https://twitter.com/Vanaik_Granth;))