Canada Goose will revisit pricing to blunt tariffs next year, CFO says
The Toronto-based luxury apparel company worked hard to get its products into the U.S. before new import tariffs became effective in August.
The Toronto-based luxury apparel company worked hard to get its products into the U.S. before new import tariffs became effective in August.
When the U.S. slapped 50% tariffs on many key imports from Canada in July, Canada Goose took action.
The company worked hard to get its products into the U.S. before the new duties became effective just a month later, Neil Bowden, CFO of the Canadian luxury apparel maker known for its parkas, said in an interview with CFO Dive.
The effort enabled the Toronto-based company to mitigate the impact of the new tariffs, because the goods crossed the border duty free until mid August, he said. “The supply chain and logistics teams are pretty agile,” Bowden said.
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