Retailer Plans to Go Public. Wait…Now?…A Retailer?…Really?
Roots, a Canadian retailer, has filed a prospectus for a public offering. Here’s the link to their web site. As usual, the initial prospectus is missing a lot of key numbers, but I’ll do the best I can.
Roots has been around since 1973, so they must be doing something right. “As of July 29, 2017, our integrated omni-channel footprint included 116 corporate retail stores in Canada, 4 corporate retail stores in the United States, 109 partner-operated stores in Taiwan, 27 partner-operated stores in China and a global e-commerce platform that shipped to 54 countries during our most recently completed fiscal year.” They had 2,200 full time employees.
