Canada Goose Announces Expansion Of Retail Footprint

While stores across the nation are closing their doors, Canada Goose (NYSE: GOOS), which IPOed earlier this year, plans to open a few more stores this year. On August the 10th, the company announced it would be opening three new retail stores this fall. The stores will open in Boston Massachusetts, Calgary, Canada, and Tokyo Japan.

President & CEO Dani Reiss made a statement regarding the announcement. “Opening these new stores is another key part of this new chapter in our 60 year history. Having a flagship store in Tokyo is particularly exciting as Japan continues to be one of our strongest growing markets and we can now better answer the call of our Asian customers by given them an opportunity to engage with our brand.”

The new Canada Goose flagship store in Tokyo will expand over 3,100 square-foot and will be operated by the company’s distribution partner. The store will be strategically positioned in the Sendagaya neighborhood, which is considered to be one of Japan’s high-end fashion centers.

The new Boston store will be located in the Prudential Center, which is home to more than 75 specialty stores. Canada Goose will also open their second store in Canada with the opening of a store in the Cadillac Fairview Chinook Center. The center is home to some of the world’s top consumer and luxury brands.

Each store will feature signature Canadian design elements and certain heritage pieces from the company’s six-decades of archives. During fall of 2106, the company opened its first two flagship stores in Toronto and New York. Previously announced stores in London and Chicago will also open in fall of 2017.