Roots news and archive

Roots' Q4 sales climb on strong holiday demand and DTC strength

Toronto-based lifestyle brand Roots ended its fiscal year on a high note, reporting a solid fourth quarter performance that helped offset a flat topline for the full year. The company saw fourth-quarter sales climb 2.4 percent to 110.8 million Canadian dollars. Direct-to-consumer (DTC) comparable sales rose 7.5 percent, bolstered by strong...

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Roots chief product officer Karuna Scheinfeld to step down

Karuna Scheinfeld, chief product officer of Roots Corporation will be stepping down at the end of 2024. The company said in a release that it does not intend to replace Scheinfeld; however, it has commenced a search for senior-level design talent with international experience in the outdoor and active sectors to support these fast growing areas...

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Roots Canada posts sales decline, loss widens

Canadian outdoor-lifestyle brand Roots' first quarter sales were 37.5 million Canadian dollars, representing a decrease of 9.7 percent. DTC sales were 31.4 million Canadian dollars, down 11.3 percent year-over-year. P&O sales including wholesale Roots branded products, licensing to select manufacturing partners and the sale of certain custom...

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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...

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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...

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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...

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Roots appoints interim chief financial officer

Canadian outdoor apparel and lifestyle retailer Roots has appointed current managing director at Searchlight Capital Partners, Meghan Roach, as the company’s interim chief financial officer, effective immediately. Roach will hold the role on an interim basis following the previously announced resignation of the company's chief financial officer,...

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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...

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Roots Canada sells majority stake to Searchlight Capital Partners

The Canadian sports fashion chain has sold a majority stake in the fashion company to private investment firm Searchlight Capital Partners. Financial terms were not disclosed. Co-founders Michael Budman and Don Green said in an announcement Monday they have ceded control of the company they founded in Toronto in 1973 to "support the brand's next...