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Description: Canada Goose, the high-end garment manufacturer, is predicting a decline in sales this year. The reason for this might surprise you a bit: it’s the impact of the coronavirus on sales in China. The outbreak of the illness has slowed both retail sales and web transactions.

Date:  February 7, 2020

Source:  cbc.ca

Link: https://www.cbc.ca/news/business/canada-goose-1.5455981

 

Discussion points:

1) Do you or any of your classmates wear Canada Goose products? How do you rate them?

2) If you were a financial manager at Canada Goose, what might you suggest to help the company through this rough period?

3) On page 739 Wiley’s Financial Accounting: Tools for Business Decision-Making you can see some financial results for Columbia Sportswear Company, another manufacturer of high-end outerwear. Conduct a search to see if Columbia has been impacted by the coronavirus in any way similar to Canada Goose.

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