Newspaper article The Canadian Press

A Closer Look at Roots Corp. Ahead of Its Planned Initial Public Offering

Newspaper article The Canadian Press

A Closer Look at Roots Corp. Ahead of Its Planned Initial Public Offering

Article excerpt

By the numbers: Roots Corp.

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TORONTO - One of Canada's best-known clothing retailers, Roots Corp., announced on Wednesday its plans to launch an initial public offering of its shares.

Here's a look at the company known for its leather bags, woolly winter mitts and other outdoor clothes:

1973: The year Michael Budman and Don Green founded the clothing company.

116: The amount of corporate retail stores in Canada. Roots also has stores in the U.S., Taiwan and China, and ships online purchases to more than 50 countries.

$282 million: Roughly the amount of sales the company generated in its 2016 financial year. The company says it plans to grow sales to between $410 million and $450 million in its 2019 financial year.

29 per cent: Despite being a Canadian-born company inspired by the ruggedness of Algonquin Park, 29 per cent of the company's sales come from outside our borders. …

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