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Oct. 19, 2020, 4:06 p.m. EDT

Canada Goose to close U.S. stores on Election Day, give workers paid day off

Canada Goose Holdings Inc. (NYS:GOOS) said Monday that it will close all of its U.S. stores on Nov. 3, Election Day. The luxury outerwear chain will also offer paid time off to all of its workers on that day. Canada Goose is a member of Time to Vote, a non-partisan organization that aims to ensure workers have the opportunity to exercise their vote without worries about missing pay. Other members of the organization, according to the Time to Vote site , include Abercrombie & Fitch Co. (NYS:ANF) , E.L.F. Beauty Inc. (NYS:ELF) and Lululemon Athletica Inc. (NAS:LULU) "I want to remove barriers, wherever and whenever I can, so you can be a full participant in the democratic process," said Dani Reiss, Canada Goose chief executive, in a statement from an internal memo sent to MarketWatch. Canada Goose stock has slipped nearly 3% for the year to date while the S&P 500 index (S&P:SPX) is up 6.1% for the period.

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