GOOS - Why Canada Goose (GOOS) Shares Are Falling | Benzinga

Canada Goose Holdings Inc (NYSE:GOOS) shares are trading lower by 7.32% to $12.15 during Monday’s session. The stock is trading lower after China reported softer-than-expected second-quarter GDP growth.

China is a significant market for luxury goods and high-end brands like Canada Goose. Slower economic growth and reduced consumer confidence in China can lead to decreased spending on non-essential luxury items. If Chinese consumers cut back on discretionary spending due to economic concerns, this can directly impact Canada Goose’s sales and revenue.

The economic report highlights that retail sales growth in China has slowed to an 18-month low. This slowdown indicates that consumers are spending less on retail goods, which can affect brands like Canada Goose that rely heavily on consumer spending.

With retail sales being a crucial ...

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