The retailer’s active client base in the U.S. rose 40 per cent over the past year, while U.S. revenue rose 45 per cent, CEO Jennifer Wong said on a quarterly earnings call. Overall, the Vancouver-based fashion company’s revenue rose 33 per cent from the same quarter last year. (The Logic)

Talking point: Aritzia’s outlook was brightened by reduced tariffs between the U.S. and China, and the company has been diversifying its supply chain and working with suppliers to split tariff costs, Wong said on the call. In 2024, more than a third of its finished goods came from China, with smaller portions coming from Vietnam, Sri Lanka and elsewhere. Though the company is expanding in American cities like Miami and Boston, about 40 per cent of its business remains outside the U.S. Meanwhile, revenue from Canada, which accounts for about 38 per cent of its top line, rose 17 per cent. Aritzia’s collaboration with boat-shoe brand Sperry also bolstered earnings, bucking the downturn in middle-class fashion brands that has weighed on companies like Hudson’s Bay and Uniqlo owner Fast Retailing.