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Americans wallets have been stretched due to inflation, with major retail earnings providing a mixed picture of consumer health. Arc'teryx CEO Stuart Haselden joins Yahoo Finance senior reporter Brooke DiPalma to discuss how the athletic apparel brand is faring in this environment.
The Arc'teryx brand is a subsidiary of Amer Sports (AS).
Haselden notes that Arc'teryx continues to see strong demand among consumers despite the "mixed signals" in the US economy. He emphasizes that the company is still in the early stages of its growth journey, observing that Arc'teryx appeals to a more premium consumer and, so far, that consumer has been "resilient."
When it comes to growth in China, Haselden says the company has been disciplined with its investments, saying the retailer has yet to find "the edge of our demand in China," with interest in the brand remaining strong.
With the US election approaching, Haselden highlights that the company's supplier base is geographically diversified. This means that if either administration were to impose tariffs on foreign imports, especially from China, Arc'teryx is well-positioned.
"We feel good that we can really accommodate any changes in the tariff scenario that you're describing and really manage the business in a dynamic manner," Haselden states.
Regarding expansion plans, Haselden reveals that the company aims to open 30 stores globally, including 14 within North America. He describes this as "a pretty healthy run rate" for the brand.
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This post was written by Angel Smith