Aritzia news and archive

New styles and outerwear offering drive revenue growth at Aritzia

For the third quarter, Aritzia net revenue increased by 4.6 percent to 653.5 million dollars, resulting in a three year compound annual growth rate (CAGR) of 32.9 percent. Comparable sales growth for the quarter was 0.5 percent, compared to 22.8 percent in the third quarter of 2023. "Although the consumer environment remains mixed, we generated...

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Aritzia swings to Q2 loss, but revenues edge higher

Aritzia swung to a loss in the second quarter but still reported a small increase in revenue following two consecutive years of strong growth. The Canadian womenswear brand made a net loss of 6 million Canadian dollars in the three months to August 27 compared to a profit of 46.3 million Canadian dollars a year earlier. Meanwhile, revenue...

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Aritzia reports increase in Q1 revenue, but profits narrow

Canadian womenswear brand Aritzia has reported an increase in revenue but a hit to profit in the first quarter ended May 28. The company’s net revenue came in at 462.7 million Canadian dollars, up 13.4 percent, or up 4.1 percent on a comparable basis. Revenue in its biggest market, the US, was up 21.8 percent to 251.9 million Canadian dollars...

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Aritzia reports strong Q4 revenue growth as profits widen

Canadian womenswear brand Aritzia has reported a 43.5 percent jump in revenue in the fourth quarter of the year as its US market continued to shine. The company made revenue of 637.6 million Canadian dollars (around 469 million US dollars) in the three months to February 26, up from 444.3 million Canadian dollars a year earlier. Chief executive...

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Aritzia reports record revenue in Q3 as profits widen

Canadian womenswear brand Aritzia has reported a 37.8 percent increase in Q3 revenue to 625 million Canadian dollars (around 465 million US dollars), its strongest quarter ever. That was driven by the US market, with revenue up 57.8 percent to 313.5 million Canadian dollars, comprising 50.2 percent of overall revenue. Breaking it down by...

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Aritzia ups FY revenue outlook on strong Q2

Canadian womenswear brand Aritzia has increased its full-year revenue guidance after reporting a 50 percent sales increase in the second quarter. In the three months to August 28, sales came in at 525.5 million Canadian dollars, up from the 350.1 million Canadian dollars it posted a year earlier. On a comparable basis, sales were up 28.3...

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Aritzia reports strong Q1 revenue growth, US shines

Canadian womenswear brand Aritzia has reported a 65.2 percent increase in revenue in the first quarter of the year. In the three months to May 29, the brand posted revenue of 407.9 million Canadian dollars, up from the 246.9 million Canadian dollars it reported the previous year. Its US revenue increased 81 percent to 206.8 million Canadian...

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Aritzia announces new CEO as revenue, profits grow

Aritzia has appointed Jennifer Wong as its new CEO as founder Brian Hill steps down from the position after 38 years. Wong has been at the Canadian womenswear brand for 34 years, joining in 1987 as a style advisor and working her way up the ranks to her current position as president and chief operating officer in 2015, according to LinkedIn. She...

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Aritzia reports strong Q3 profit, revenue growth

Canadian womenswear brand Aritzia has reported strong revenue and profit growth in the third quarter of the year as it continues to thrive during the pandemic. In the three months to November 28, the brand posted revenue of 453.3 million Canadian dollars, representing a 62.9 percent increase compared to last year and a 69.6 percent increase...

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Aritzia reports strong Q2 revenue, profit growth

Canadian womenswear brand Aritzia has reported surging sales as it continues to recover from the pandemic. In the three months to August 29, net revenue came in at 350.1 million dollars - that’s a 74.9 percent increase from last year and a 45.1 percent increase from two years ago. The retailer said the revenue growth reflected accelerated...

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Aritzia swings to Q1 profit as sales soar

Canadian womenswear brand Aritzia has reported a 121.7 percent increase in net sales in the first quarter of the year as it swung to a profit. In the three months to May 30, net sales reached 246.9 million dollars despite the closure of 34 of the company’s 102 boutiques for approximately two-thirds of the quarter. “We are extremely pleased with...

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Strong online sales at Aritzia soften Covid impact

A surge in online sales at Canadian womenswear brand Aritzia almost completely offset revenue lost through its closed stores in the fourth quarter of the year. For the three months ended February 28, net revenue dropped 2.9 percent to 267.5 million Canadian dollars, driven by a 57 million dollar drop in retail revenue linked to closed stores,...