From CNBC: [published_date]

Canada Goose announced a 17% cut to its corporate workforce following decreased consumer spending. CEO Dani Reiss aims to align resources for future growth. The cuts are part of the “Transformation Program” to streamline operations and reduce costs. Sales grew 6% in the last quarter, but wholesale revenues were weak due to slowing demand. Shares closed 7% lower. Other retailers, including Under Armour and Nike, have also implemented layoffs to increase efficiency and focus on profits amid decreased spending on discretionary items like clothing and toys.



Read more at CNBC: Canada Goose to cut 17% of its corporate workforce