Revenue rose 11.5 percent to $729 million year-on-year, driven by growth in its e-commerce division and stronger U.S. brick-and-mortar sales. Net income surged 71.9 percent, sending shares in the Vancouver-based luxury retailer up about 16 per cent as of Friday afternoon. (The Logic)
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Revenue rose 11.5 percent to $729 million year-on-year, driven by growth in its e-commerce division and stronger U.S. brick-and-mortar sales. Net income surged 71.9 percent, sending shares in the Vancouver-based luxury retailer up about 16 per cent as of Friday afternoon. (The Logic)
Talking point: Chief executive Jennifer Wong said the company is “closely monitoring “ any indication of potential tariff threats. “We’re not going to make any knee-jerk sort of changes here,” Wong told investors. Aritzia has been shifting its manufacturing out of China for years, with the majority now produced elsewhere, Wong added, and a 10 per cent increase on goods from the country would have less than a 30 basis point impact. Aritzia has been rapidly expanding, having opened 11 new stores globally in the last year.
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