Canada Goose (GOOS) has disclosed a new risk, in the Brand / Reputation category.
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Canada Goose faces significant business risk due to its reliance on social media platforms and influencer marketing, which could potentially harm its reputation and financial stability. The company’s ability to effectively use these platforms as marketing tools is threatened by changing policies and algorithms, which may hinder consumer acquisition and retention. Furthermore, collaborations with influencers may not yield the desired outcomes, and any adverse information shared on social media could damage the brand’s image. Additionally, non-compliance with evolving laws and regulations governing social media use could result in regulatory investigations, lawsuits, fines, and other penalties, further impacting the company’s financial condition and prospects.
The average GOOS stock price target is $8.62, implying -19.21% downside potential.
To learn more about Canada Goose’s risk factors, click here.
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