The Canadian fashion retailer sees the long-term potential for 180 to 200-plus U.S. locations. Aritzia currently operates approximately 140 stores in North America, including 72 in the U.S.
“We continue to deliver boutique comp growth in both new and existing markets,” Karen Janes, Aritzia’s executive VP of real estate, told WWD. “Canada remains a core market with meaningful opportunities to elevate and expand our presence, and our newest U.S. boutique continue to outperform expectations.
In November, Aritzia opened its third location in New York City, a two-floor, 25,000-plus-sq.-ft. flagship in Manhattan’s Flatiron district. Aritzia flagships are designed as multi-level experiential spaces, with the Flatiron store including an expansive “A-OK Café,” with specialty menus and lounge seating.
Aritzia is planning to open a flagship in its hometown of Vancouver, Canada, at a site that formerly housed Nordstrom. The four-level, 40,000-sq.-ft. store is tentatively scheduled to open in 2027 and will be one of the company’s largest stores to date.
Aritzia is coming off of a record third quarter. The company reported that its net revenue increased 42.8% to 1.04 billion Canadian dollars, for the quarter ended Nov. 30. Comparable sales grew 34.3 Revenue in the U.S. increased 53.8% to 621.1 million Canadian dollars, comprising 59.7% of net revenue.
Retail net revenue rose 35.1% to 657.3 million Canadian dollars. E-commerce net revenue increased 58.2% to $383.0 million, comprising 36.8% of net revenue.
In a statement, Aritzia CEO Jennifer Wong said the company’s strong performance continued into the fourth quarter, as an “outstanding” customer response to its winter assortment fueled record sales over the holiday period.
