From CNBC: 2025-05-21 08:06:00

Nordstrom is closing all of its Canadian locations due to lack of profitability, including six department stores and seven Nordstrom Rack shops. Meanwhile, Canada Goose saw an 8% rise in shares after beating analysts’ estimates for fiscal fourth-quarter earnings. The luxury retailer did not provide a fiscal year 2026 outlook due to economic uncertainty.

Canada Goose reported earnings per share of 33 Canadian cents, surpassing the expected 23 Canadian cents, with revenue reaching CA$384.6 million, up 7.4% from last year. Net income for the fiscal fourth quarter was CA$27.1 million, compared to CA$5 million in the prior year.

Despite a 14% drop in shares this year, Canada Goose remains confident in its brand strength and financial position. The luxury sector has shown signs of weakness, with major players like LVMH, Burberry, and Kering reporting a slowdown in sales. Canada Goose has been expanding its product range beyond winter clothing, including an eyewear collection launch.



Read more at CNBC:: Canada Goose (GOOS) Q4 earnings report 2025