Canada Goose is surging after opening its first store in China

Canada Goose surged 6% Monday, to more than $44.30 a share, after the winter-clothing manufacturer opened its first mainland China store in downtown Beijing.

The debut came amid tensions between Canada and China related to the arrest of a top Chinese executive, Meng Wanzhou, in Vancouver earlier this month. 

Read more: Canada Goose's first China store draws eager crowds despite diplomatic headwinds

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. 

RELATED: Take a look at the most valuable brands in the world:

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10 most valuable brands in the world

10. Target

Brand value: $13.67 billion

Percentage change from last year: -20%

Last year's rank: 7

Target is losing value fast as it struggles to keep up with ecommerce focused brands, but is adding new initiatives like same-day delivery of online orders to become more competitive. Even though it's value is down, Target reported same-store sales were up 6.5% in the second quarter.

(REUTERS/Brendan McDermid)

9. Lowe's

Brand value: $14.02 billion

Percentage change from last year: +1%

Last year's rank: 9

Lowe's hold's onto the same spot it held last year. Itrecently closed the Orchard Supply Hardware chain it aquired last year to focus on the Lowe's brand.

(Photo by Michael Brochstein/SOPA Images/LightRocket via Getty Images)

8. Walgreens

Brand value: $15.54 billion

Percentage change from last year: -3%

Last year's rank: 8

Walgreens value is down -3% from last year. The company recently reported same-store sales were down by 1.2% at Walgreens in the most recent quarter

(Photo by Joe Raedle/Getty Images)

7. JD.com

Brand value: $19.62 billion

Percentage change from last year: +47%

Last year's rank: 11

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.

(Photo by Zhang Peng/LightRocket via Getty Images)

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%.

5. Ikea

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)

3. Alibaba.com

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%.

(REUTERS/Bobby Yip)

2. Walmart

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.

1. Amazon

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.

(REUTERS/Pascal Rossignol)

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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

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