Aritzia, a Vancouver-based women's wear retailer, is experiencing a strong U.S. expansion, having increased its retail footprint by 25% and opened 13 new stores. Sales rose 34% year over year last quarter. CEO Jennifer Wong emphasized the streamlined inventory management and strategic city targeting as key components of their success. Founded in 1984 and entering the U.S. market in 2007, Aritzia has tripled its sales to over CAD$2.7 billion last year following a pandemic recovery. Wong took over the leadership in 2022 and accelerated store openings significantly.
Aritzia has steadily gained ground and grown sales over the past several years with its assortment of stylish activewear and comfortable office wear.
The company said in July that it grew its retail footprint by 25% over the last year, including opening 13 stores and redesigning three existing ones.
'We've done a lot of work over the past 1 1/2 years, two years to refine our playbook and ensure that our inventory is productive and efficient.' CEO Jennifer Wong.
'We're tackling all the major cities where we know our brand and product resonates with the customer. The next step is to fill in the rest of the country.' Jennifer Wong.
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