Canada’s Aritzia is winning over Gen Z with its ‘everyday luxury,\u0027 and over the past year, U.S. sales have surged about 80%. Find out more.
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But some analysts were concerned about narrowing profit margins from rising costs. The stock declined on Thursday, but over the long term investors have been rewarded. Aritzia shares are up about about 75 per cent over the past two years, while the SPDR S&P Retail ETF sank 8.1 per cent and the S&P 500 gained 4.8 per cent.
The brand has had the advantage of being a fresh concept in a U.S. market where many big apparel companies such as Gap are losing their lustre. Aritzia also has plenty of room to win new converts because it’s still relatively unknown. The company hasn’t done much mainstream marketing. It has instead relied on stores to build awareness. It has fewer than 50 in the U.S., but with plans to open seven this year.
Hill stepped down from the chief executive officer role last year and now serves as the company’s executive chair. He’s still Aritzia’s biggest shareholder with nearly 19 per cent of the equity and also controls about 70 per cent of the voting power.
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Inside Aritzia, the Canadian retailer that's the hottest fashion chain in the U.S.Canada’s Aritzia is winning over Gen Z with its ‘everyday luxury,\u0027 and over the past year, U.S. sales have surged about 80%. Find out more.
Read more »
Inside Aritzia, the Canadian retailer that's the hottest fashion chain in the U.S.Canada’s Aritzia is winning over Gen Z with its ‘everyday luxury,\u0027 and over the past year, U.S. sales have surged about 80%. Find out more.
Read more »
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