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Canada Goose Holdings trimmed its annual profit forecast and missed quarterly revenue estimates on Thursday due to choppy sales in key luxury goods market China, sending its US-listed shares down 6 percent in premarket trading.
Weak consumer spending in China, which is grappling with youth unemployment and a property crisis, has been a major concern for the luxury goods industry and has slowed demand recovery in the region, significantly impacting brands such as Canada Goose.
US luxury…
