Canada Goose Cuts 17% of Roles as Consumer Pullback Persists [BNN Bloomberg (Canada)]
Arhaus, Inc. (ARHS)
Company Research
Source: BNN Bloomberg
The luxury parka retailer's job cuts follow two quarters of single-digit sales growth after increases of more than 20% the previous two periods. Its shares have tumbled 75% in the last 12 months and fell as much as 3.7% Tuesday in Toronto trading. “We are focused on achieving efficiency and margin expansion, while investing in key initiatives,” Chief Executive Officer Dani Reiss said in the company's statement. In a LinkedIn post, he said the reset is intended “to put us in the best position to scale.” The retailer did not specify how many positions will be eliminated. As of April 2023 the company had 4,760 employees, according to data compiled by Bloomberg. Spending within the broader luxury sector remains curtailed by China's slow recovery and an ongoing pullback in consumer spending in the US. While the Asia-Pacific was the company's only region to post third-quarter revenue growth, “China has not been immune to the soft macro that we've seen globally,” Chief Financial Offic
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ARHS
News
- Arhaus, Inc. (NASDAQ: ARHS) had its "outperform" rating re-affirmed by analysts at Telsey Advisory Group. They now have a $17.00 price target on the stock.MarketBeat
- Delving Into Arhaus (ARHS) Ahead of Q1 Earnings Release [Yahoo! Finance]Yahoo! Finance
- Arhaus: Less Attractive In FY2024 (Rating Downgrade) [Seeking Alpha]Seeking Alpha
- Arhaus Announces Showroom Opening in Greenwich, Connecticut [Yahoo! Finance]Yahoo! Finance
- Arhaus Announces Showroom Opening in Greenwich, ConnecticutGlobeNewswire
ARHS
Earnings
- 3/7/24 - Beat
ARHS
Sec Filings
- 4/16/24 - Form 4
- 4/16/24 - Form 4
- 4/16/24 - Form 4
- ARHS's page on the SEC website