Canada Goose has leased 10,000 square feet in the Park Hyatt Chicago, where the maker of down parkas is reportedly planning a standalone store. The space in the North Michigan Avenue building was previously occupied by a Giorgio Armani store, which relocated to nearby Oak Street in 2015.
Following up on its recent public offering, Canada Goose is planning a two-level store in the Park Hyatt hotel, according to real estate sources. It will be more than twice the size of its first two shops and is part of an expansion effort by the company, which went public in March on the New York and Toronto stock exchanges.
The “Arctic luxury apparel” retailer currently has just two stores, which opened in late 2016 — in the Yorkdale mall in Toronto, where the company is based, and in New York’s SoHo neighborhood.
In a filing, the company said it plans to open three new retail stores in fiscal 2018, with a long-term target of having 15 to 20 shops.
