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    ROOT   CA7766521099

ROOTS CORPORATION

(ROOT)
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Roots : Expands Board Of Directors with the Appointment Of Award-Winning Fashion Industry Veteran Dexter Peart

03/04/2021 | 07:02am EDT

TORONTO, March 4, 2021 /CNW/ - Roots ("Roots," "Roots Canada" or the "Company") (TSX: ROOT), a premium outdoor-lifestyle brand, today announced the appointment of Dexter Peart to its Board of Directors, effective immediately.

"Dexter is an accomplished entrepreneur, designer and visionary in Canadian fashion," said Erol Uzumeri, Chairman of the Roots Board of Directors. "Given his vast industry experience, especially in building globally-recognized, conscious-minded businesses and brands, he will bring invaluable insight and perspective. We are delighted to welcome him to the Board."

Dexter Peart is co-founder of leading sustainable design marketplace GOODEE, a B-Corp certified e-Commerce platform. His most recent endeavour, founded in May 2019 with his identical twin brother, Byron, GOODEE brings together the values of good design and good purpose across home, beauty and accessory brands. GOODEE was recently honoured as a finalist for Fast Company's "World Changing Ideas" 2020.  

"I am excited to join the Roots Board of Directors, having grown up with the brand," said Mr. Peart. "I look forward to helping continue to build on the Company's incredible achievements over the last nearly five decades."

Mr. Peart was named one of Fast Company's 100 Most Creative People in 2015, and he received the Accessory Designer of the Year Award in 2014 and 2016 at the Canadian Arts & Fashion Awards. He has also been included regularly amongst Business of Fashion's prestigious BoF 500 list. Mr. Peart began his career in fashion with the launch of WANT Agency in 2000, where he and his brother introduced many of-the-moment brands to the North American market. In 2007, they founded the critically-acclaimed accessories brand WANT Les Essentiels, which they followed with the multi-brand retail concept store WANT Apothecary in 2011. Mr. Peart is currently Vice Chairman of the Board of DESTA Black Youth Network

About Roots
Established in 1973, Roots is a premium outdoor-lifestyle brand. We unite the best of cabin and city through unmistakable style built with uncompromising comfort and quality. We offer a broad range of products designed for life's everyday adventures, including women's and men's apparel, leather goods, footwear, accessories, and kids, toddler and baby apparel. Starting from a little cabin in Algonquin Park, Canada, Roots has grown to become a global brand. As of October 31, 2020, we operated 113 corporate-retail stores in Canada, two corporate-retail stores in the United States, 116 partner-operated stores in Taiwan, 28 partner-operated stores in China, two partner-operated stores in Hong Kong and a global eCommerce platform, roots.com. Roots Corporation is a Canadian corporation doing business as "Roots" and "Roots Canada".

Forward-Looking Information
Certain information in this press release contains forward-looking information. This information is based on management's reasonable assumptions and beliefs in light of the information currently available to us and are made as of the date of this press release. Actual results and the timing of events may differ materially from those anticipated in the forward-looking information as a result of various factors. Information regarding our expectations of future results, performance, achievements, prospects or opportunities or the markets in which we operate is forward-looking information. Statements containing forward-looking information are not facts but instead represent management's expectations, estimates and projections regarding future events or circumstances. Many factors could cause our actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements.

See "Forward-Looking Information" and "Risk Factors" in the Company's current Annual Information Form for a discussion of the uncertainties, risks and assumptions associated with these statements. Readers are urged to consider the uncertainties, risks and assumptions carefully in evaluating the forward-looking information and are cautioned not to place undue reliance on such information. We have no intention and undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law 

SOURCE Roots Corporation

© Canada Newswire, source Canada Newswire English

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Financials
Sales 2022 284 M 233 M 233 M
Net income 2022 - - -
Net Debt 2022 - - -
P/E ratio 2022 -
Yield 2022 -
Capitalization 133 M 109 M 109 M
Capi. / Sales 2022 0,47x
Capi. / Sales 2023 0,44x
Nbr of Employees 2 604
Free-Float 46,6%
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Technical analysis trends ROOTS CORPORATION
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Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 6
Average target price 3,79 CAD
Last Close Price 3,16 CAD
Spread / Highest target 58,2%
Spread / Average Target 20,0%
Spread / Lowest Target -36,7%
Managers and Directors
NameTitle
Meghan Roach Chief Executive Officer & Director
Mona Kennedy Chief Financial Officer
Erol Uzumeri Chairman
Anne Hodkin Vice President-Information Strategy & Systems
Joel Teitelbaum Independent Director
Sector and Competitors
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ROSS STORES, INC.5.09%45 903
HENNES & MAURITZ AB23.17%41 282