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Stock impact report

Canada Goose Will Stop Buying Fur — Sort Of [The New York Times]

Gap, Inc. (The) (GPS) 
Last gap, inc. (the) earnings: 3/12 04:15 pm Check Earnings Report
Style|Canada Goose Will Stop Buying Fur — Sort Ofhttps://nyti.ms/2XXjESWmentContinue reading the main storyAs of 2022, the luxury outerwear brand will no longer purchase new coyote fur. But it is not giving up fur entirely.Jackets in the showroom of the Canada Goose factory in Toronto.Credit...Mark Blinch/ReutersByJessica TestaApril 22, ,Canada Goose has long stood by its use of fur, even as fashion’s biggest names have vowed to stop selling it. It’s hard to imagine the company’s signature $1,000 (or so) parkas without their coyote fur-trimmed hoods cocooning city dwellers in Arctic-grade warmth every winter.But on Wednesday, Canada Goose announced that starting in 2022, the company will no longer buy new fur from trappers. By then, Canada Goose will use reclaimed fur, the company said — fur that already exists in its supply chain and the marketplace. As part of this effort, Canada Goose, which is based in Toronto, plans to begin buying back the fur ruffs from customers’ coats — with Show less Read more
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