The Beijing store's debut was delayed two weeks, Reuters reported, though the company made "no connection" to the heightened tensions between the two countries. Canada Goose reportedly said earlier this month the postponement was due to construction work.
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JD.com, a Chinese online retail giant, is growing extraordinarily fast — last year, the company didn't even hold a spot in the top 10 most valuable brands. In June, Google announced it would be investing $550 million in JD.com.
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6. CVS Health
Brand value: $20.6 billion
Percentage change from last year: -12%
Last year's rank: 6
CVS Health's value is down, but the company, which is in the midst of a merger with Aetna, recently reported same-store sales were up by 1.6%.
Brand value: $24.35 billion
Percentage change from last year: +1%
Last year's rank: 5
Ikea remains consistent with the almost the same value as last year. The brand was ranked fifth last year as well.
4. Home Depot
Brand value: $33.74 billion
Percentage change from last year: +12%
Last year's rank: 4
Home Depot holds onto the fouth spot from last year. Home Depot has 2,284 stores in North America, and appears to be the store of choice for millennials. In a Bank of America survey of 1,000 millennials, reported by US News, 64% said Home Depot was their top choice for home-improvement shopping.
(Photo by Justin Sullivan/Getty Images)
Brand value: $54.92 billion
Percentage change from last year: +58%
Last year's rank: 3
The Chinese company Alibaba.com is ranked in the same spot as last year, but the e-commerce giants value is up nearly 60%.
Brand value: $61.48 billion
Percentage change from last year: -1%
Last year's rank: 2
While Walmart defends the number two ranking, its value remains roughly the same as last year.
Brand value: $150.81 billion
Percentage change from last year: +42%
Last year's rank: 3
Up 47% from its 2017 value, Amazon is the largest online business by market capitalization and revenue. Beyond being an online retailer, it produces cloud infrastructure and electronics and is present in music and video streaming. In addition, the 2017 $13.7 billion Whole Foods acquisition took Amazon from the digital to the physical realm.
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Earlier this year, Canada Goose said it was planning a long-term growth strategy in the Greater China area, including launching a direct-to-consumer business and opening stores in Beijing and Hong Kong.
Toronto-based Canada Goose debuted on both the New York Stock Exchange and the Toronto Stock Exchange in March of 2017. Shares soared on the first day of trading and have rallied nearly 173% since. Still, the stock is down 39% from its mid-November all-time high of $72.27