Number of Aritzia locations in the USA in 2024

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• C.  Understanding Aritzia’s Brand: 5 key pillars
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The company also does not enter long term supply contracts with vendors. It has a formalized quality assurance program where the factories of manufacturers are audited by a third-party firm to ensure compliance with local laws and global standards. Aritzia witnessed same store sales growth (“SSS” or comparable sales growth) of between 7% to 10% between FY2018 to FY2020. After not reporting SSS growth during FY2021 and FY2022 due to store closures, the FY2023 SSS growth came in very promising at quarterly growth in high 20s (See Figure 15).

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That wasn’t just good fortune, if Aritzia’s clothing didn’t have an in demand aesthetic then its clothing would never have caught the attention of the celebrities that wear it. “Aritzia’s commitment to impeccable customer service and high-quality fashion made them the perfect choice to open at Mall of America as their first Minnesota location,” says Rusche. The escalators have since been updated and are now part of the Aritzia store itself.

C.  Understanding Aritzia’s Brand: 5 key pillars

The custom modular velvet ottoman anchored by a color-blocked area rug. Product offering at the new Mall of America store runs the gamut—from silk cocktail party dresses and slip skirts to knitwear and "athleisure" to office-appropriate blazers and trousers—all at a bridge price point. Aritzia was founded in Vancouver, British Columbia in 1984 and has grown to 100+ boutiques throughout North America. Custom millwork, architectural wall panels, large media art installations, and marble can be found throughout the store.

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Aritzia claims the dynamic puffer coat for those bitter winter days as their own, along with neutral tones and sleek silhouettes. Now, with over 100 stores across the continent, a global eCommerce platform and an eagerness to expand, this vertically integrated, Everyday Luxury company has a story worth telling. Aritzia operates as a design house with several different in-house brands which are sold through its stores. Aritzia currently sells its products through 10 main brands, that are, Babaton, Ten by Babaton, Wilfred, Wilfred free, Tna, TnAction, Super World (Super Puff), Sunday Best, Reigning Champ and Denim Forum. Aritzia derives 95% of its revenue from these inhouse brands.

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Tna houses Aritzia’s casual-wear line “for the innately cool”. Pieces a part of this collection include basic t-shirts, fleece hoodies, sweatpants and more. As we continue to expand our horizons,more Aritzia boutiques are popping up than ever before. Venchi, the Italian chocolate and gelato boutique founded by chocolatier Silviano Venchi, is near the mall’s main entrance. Now open, the boutique serves Italian gourmet chocolates, all made of natural ingredients and mostly vegan.

Pop Newsletter: How the Aritzia Super Puff became the cool girl puffer - Glossy - Glossy

Pop Newsletter: How the Aritzia Super Puff became the cool girl puffer - Glossy.

Posted: Fri, 08 Dec 2023 08:00:00 GMT [source]

Around 80% of Aritzia’s SG&A expenses are comprised of employee costs. Aritzia did not disclose its eCommerce revenue prior to FY2020. However, as per its IPO prospectus, its eCommerce revenue in FY2016 as $65 million. At the current eCommerce revenue of $677 million, it has grown over 10x in the last seven years at a CAGR of 40%. Perhaps the most swoon-worthy part of the beautifully-designed store is its dressing room—where Aritzia's design team introduced elements inspired by geometric abstraction and hard-edge paintings.

We pride ourselves on creating immersive, and highly personalized shopping experiences at aritzia.com and in our 100+ boutiques throughout North America to everyone, everywhere. The expanded Yorkdale Aritzia store is one of many recent changes to Yorkdale as brands continue to open in the mall. Yorkdale is finding its place as a world-class retail destination now housing many of the world’s biggest brands, with even more said to be on the way. It’s the latest flagship retail space to be unveiled on Toronto’s Bloor Street West strip, which some consider to be Canada’s answer to Fifth Avenue in New York City. Holt Renfrew’s flagship and headquarters are located in the same Morguard-operated Holt Renfrew Centre at 50 Bloor, and further up the street are flagships for Harry Rosen, Dolce & Gabbana and Louis Vuitton. A few years later, style advisor Jennifer Wong joined the team in 1987 at the Robson Street location in Vancouver.

The management has surpassed all goals quite comfortably even with the challenging environment for retail business during the pandemic. As per SimplyWallSt, CEO’s total compensation is below average for companies of similar size in the Canadian market. Net sales (50% weighting) and adjusted earnings before interest and taxes (50% weighting) are the performance criteria for PSUs granted in FY2022. We feel this aligns the interests of management and shareholders of Aritzia. Aritzia’s working capital averaged at 4% of revenue between FY2018 and FY2022.

The average inventory days where 80 and the average payable days where 40. Aritzia’s inventory increased significantly between February 2022 and November 2022 to 159 days. It seems to be a strategic decision by the management, since Q4 tends to the biggest sales quarter for Aritzia, and the firm did not want to sales due to low inventory. Management also noted that most of the inventory is concentrated in client favorites. Aritzia is a design house with an innovative global platform.We are creators and purveyors of Everyday Luxury, home to an extensive portfolio of exclusive brands for every function and individual aesthetic.

We make the clothes you want to wear right now — in quality you can love forever. Aritzia’s original Holt Renfrew Centre location featured a narrow storefront with a retail area spanning just over 4,900 square feet. After annexing the former BCBG space as well as the escalator well, the expanded Aritzia flagship measures more than 11,400 square feet, making it one of the largest stores in the entire chain. BCBG closed all of its physical stores worldwide last year — its Holt Renfrew Centre location spanned just over 5,000 square feet on one level. At one time, the escalator well included upstairs access to music retailer HMV which closed in 2016 (the 9,000 square foot space was subsequently leased to Holt Renfrew which will expand by adding a new floor this year). Aritzia has also opened standalone stores for its Wilfred, Babaton and Tna brands which speaks to Aritzia’s ability to create so many winning brands.

With 74 boutiques open in Canada and the U.S., and a revenue of $542 million in FY2016, Aritzia went for an IPO in 2016 and started trading on the Toronto Stock Exchange. Interestingly, up to 2016, Aritzia had never closed a store in its 32-year history. Aritzia faced a challenging year in FY2021 when Covid-19 led to closure of several of its stores across the U.S. and Canada. However, Aritzia quickly pivoted its business and inventory to focus on online fulfillment and saw exponential eCommerce revenue growth FY2021 and FY2022. Aritzia is a fashion-forward boutique known for its stylish and contemporary women’s clothing. Aritzia provides a modern and inviting space for fashion enthusiasts to explore and discover their next wardrobe staple.

From romantic Wilfred and streamlined Babaton to Tna for streetwear, we have more than a dozen brands along with labels we love like Adidas, Levi’s and Citizens of Humanity. Taking over the 1000 block of Robson, the newly expanded Aritzia has added 4,800 square feet to its retail space. Combined with the Wilfred store next door, the new shopping destination takes up a total area of more than 13,000 square feet, making it the fashion brand’s biggest single level store in Canada. Aritzia’s new store economics are very attractive in terms of return on invested capital. A new store typical costs $3 million in net investment of capex and inventory. The payback period of new stores is between 12 to 18 months.

Moving up the ranks, Wong became Chief Operating Officer in 2007– but she did not stop there. In 2015, Wong’s COO title expanded to COO and President of Aritzia. Oh, just a dressing room full of clothes picked exclusively for you.

It also carries some third-party brands like Adidas, Levi's, and Citizens of Humanity. Book a personal shopping appointment right now at The Grove boutique. “With every expansion and opening, our goal is to provide our clients with an aspirational environment. Many of the elements and design ideas will be integrated in future boutiques in an organic way,” said Janes in the article.

One of the keys to Aritzia’s success is understanding how to capitalize on the synergies between brick and mortar and eCommerce. Aritizia has over 100 stores and sees its stores as powerful marketing vehicles that lure customers in who then either shop in-store or later online. If you have been to an Aritzia store then you will know they are artfully designed with the kind of vibe that invites you to stay for a while.

It will be interesting to see how this transaction pans out for Aritzia. Over FY2018 to LTM Nov 2022, Aritzia had average gross profit margins of 40%. Aritzia does not own manufacturing facilities for its products and sources them directly from manufacturers. As per the company’s IPO prospectus, it sourced goods from 50 manufacturer with the top 10 vendors contributing 51%.