Canada Goose’s China Woes Set Up Worst Week Since Pandemic Began

Stock has lost more than 20% this week, most since March 2020
Company under fire for return policy after woman’s complaint

An employee checks a finished jacket with a fur collar at the new Canada Goose Inc. manufacturing facility in Montreal, Quebec, Canada, on Monday, April 29, 2019. The facility is Canada Goose's second factory in Quebec and eighth wholly-owned facility in Canada.Photographer: Christinne Muschi/Bloomberg

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By Sandrine Rastello

December 3, 2021 at 7:26 PM UTC

This article is for subscribers only.

Canada Goose Holdings Inc.’s problems in China are putting the stock on track for its biggest weekly drop since the early days of the pandemic.

The shares were down 20.6% this week as of 2:17 p.m. New York time on Friday, reflecting investors’ concerns about a controversy in China about its return policy. That would be the biggest slide since March 2020, when the Covid-19 crisis started to hit the North American economy.