Canada Goose wings way to Japan

Canadian winter-clothing brand Canada Goose, which listed last year, has already opened a store in Japan with plans also for a flagship.

Its maiden store is for men only, opened in Tokyo’s Hankyu Department Store in Yurakucho, Chiyoda-ku, last week.

The company says on its Facebook page that it launched Canada Goose Hankyu Men’s Tokyo because of demand created by severe cold in Japaan.

Meanwhile, its planned 300sqm flagship, to be run by its distribution partners, will be in Tokyo’s Sendagaya district, reports Fashion Network.

After listing last year, the brand launched in Toronto, following up with a New York store within a few months. It is also planning outlets in London and Chicago.

Specialising in high-end down jackets and parkas, Canada Goose is also expanding at home with a store in Calgary before the end of year.

In its first quarter, to the end of June, the label says it had strong sales growth, notably because of its monobrand stores and e-commerce. Sales grew from CAD$12.5 million (US$9.8 million) to $28.2 million, while gross margin rose 29.7 to 46.9 per cent.

However, operating income was on the other side of the ledger with losses of nearly $15 million, the same as in the previous fiscal year.