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Roots Corp
Symbol ROOT
Shares Issued 40,450,213
Close 2025-04-09 C$ 2.29
Market Cap C$ 92,630,988
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Post/CP say CEO confident tariffs won't harm Roots

2025-04-10 09:44 ET - In the News

The Financial Post reports in its Thursday edition that Roots says tariffs likely will not have much of a direct effect on its business, but could weigh on consumer confidence. A Canadian Press dispatch to the Post quotes Meghan Roach, chief executive officer of the Toronto-based apparel company, saying the business has "limited exposure" to the tariffs U.S. President Donald Trump has levied on more than 180 countries. "We have a relatively small business in the U.S. market and so we're not seeing any significant impact on our business thus far," she told analysts on a Wednesday call. "From a consumer perspective, obviously we are looking to see what happens in Canada over the longer term." Ms. Roach's remarks came just before Mr. Trump announced a 90-day pause on reciprocal tariffs for countries that have not retaliated against the U.S. later on Wednesday. For the fashion industry, Mr. Trump's tariffs stand to upend supply chains because they make it more expensive to move materials and inventory around the world. Roots only has two stores in the United States and produces leather goods like handbags, backpacks and jackets at a Toronto facility. It otherwise does not disclose where it sources its clothing.

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