Roots news and archive

Roots Q4 sales decline by 2.9 percent

Outdoor lifestyle brand Roots sales were 108.2 million Canadian dollars in the fourth quarter, down 2.9 percent. DTC sales of 97.8 million Canadian dollars were down 0.8 percent year-over-year. Total sales decreased 3.5 percent to 262.7 million Canadian dollars in FY2023 and DTC sales were 222.5 million Canadian dollars, down 3.8 percent. The...

Business

Roots posts decline in Q3 sales and profit

Total third quarter sales at Canadian label Roots decreased 9 percent to 63.5 million Canadian dollars. The company’s DTC sales of 52.2 million Canadian dollars, were down 8.2 percent, while P&O sales amounted to 11.3 million Canadian dollars, down 12.3 percent. Gross profit for the quarter dropped to 37.1 million Canadian dollars, a decline of...

Business

Roots appoints new chief marketing officer

Canadian lifestyle brand Roots Corporation has announced the appointment of Leslie Golts as its new chief marketing officer. She ultimately brings to the table over 15 years of experience, Roots said in a release, particularly surrounding marketing and communications leadership. Golts joins the company from Unilever Canada’s Beauty and Wellness...

Fashion

Roots and Révolutionnaire launch leather goods and apparel collection

Outdoor lifestyle brand Roots and mission-based organization Révolutionnaire have launched their next collaboration. Titled Révolutionnaire by the Roots, the collaboration is a result of a year-long partnership between the two companies. Beginning in February 2021, they released the Dreams Fuel Revolution t-shirt. Their collection will feature a...

BusinessFeatured

Canadian retailer Roots to file a 164 million dollars IPO

Canadian heritage-fashion retailer Roots Corp. will soon take its company public. The company will focus on taking the North American market by storm and aims expand its international footprint after launching an IPO. Roots has applied to list on the Toronto Stock Exchange under the symbol ROOT. Roots’ IPO could give the company a market...