Number of Aritzia locations in the USA in 2024

Table Of Content

• Aritzia’s Strategy, 5 Things You Need to Know
• Q4 FY2023 Update
• eCommerce revenue
• Apple and Alo Yoga to Open Flagship Stores at Ste-Catherine and De la Montagne Intersection in Montreal
• Store level economics: new stores
• Additional Images from Aritzia Yorkdale Boutique
• AROUND THE SQUARE
• Pillar 3: Boutiques / Stores

You’re probably here because you’re looking for the best shopping. You actually want to walk into a store, feel the fabrics for yourself and maybe try a few things on. In our SoCal boutiques, you’ll find everything from matching sets, weekend rompers and active wear to proven, wear-to-work pieces. Combat overly aggressive AC and keep your “winter” wardrobe primed with the occasional layer — blazers, pullovers and knits in fancy fabrics like Merino wool from Italy, pure cashmere and even super-soft alpaca. The store’s interior is described as being ‘feminine and spacious’ with ample use of wood and marble. Aritzia, a Canadian clothing store chain, targets funky, individualistic 16- to 30-year-old women.

Aritzia’s Strategy, 5 Things You Need to Know

Prior to the 1984 opening, third-generation retailer Hill just introduced Aritzia to his family’s 70-year-old department store. Realizing the store had potential to succeed on its own, Hill found his starting point within Oakridge Center. Declared founder and executive chair, Hill led the introduction of the eCommerce business at Aritzia, along with the beginning of expansion out of Vancouver. The multi brand portfolio and product mix allows enhanced multiple flexibility to address evolving fashion trends, appeal to customers across multiple life stages and style preferences. This also increases the customer base and share of customer’s closet for Aritzia.

Q4 FY2023 Update

However, Brian Hill still remains deeply involved in the business and holds 18.7% equity interest. He recently sold a part of his equity interest for estate planning and diversification purposes. Aritzia’s SG&A expenses increased from $184 million (25% of revenue) to $551 million (28% of revenue) for LTM November 2022.

eCommerce revenue

Further as of November 2022, the company did not have any financial debt (only capitalized leases). The key management (Brian Hill and Jennifer Wong) have been running the business for decades. Brian Hill, who is the founder of Aritzia, stepped down in 2022. Jennifer Wong has replaced him as the CEO and had been previously serving as the president and COO2.

Aritzia to open Kelowna store this fall at Orchard Park - Kelowna Capital News

Aritzia to open Kelowna store this fall at Orchard Park.

Posted: Mon, 26 Aug 2019 07:00:00 GMT [source]

The remaining 5% of revenue comes of sales of third party branded products such as sneakers (Vans, New Balance). Aritzia first opened as a standalone boutique in Vancouver in 1984 with the goal to provide high-quality and beautiful clothing to women. Stars like Meghan Markle, Kendall Jenner, Gigi and Bella Hadid, and Hailey Bieber have all been spotted in Aritzia's product. Some have even appeared in marketing and social media campaigns. Last week, Canadian-based fashion retailer Aritzia opened its first Minnesota location at Mall of America. The new, 8,000 square foot store is located on the first floor of the west wing, in the space previously occupied by H&M next to Columbia Sportswear.

Store level economics: new stores

Opening locations in major cities Los Angeles and New York City, Super World attracts with their extensive display of puffer coats composed in collaboration with French-Canadian creative director and designer Willo Perron. An additional seven other exclusively-Aritzia brands are also offered. Aritzia also sells products from known brands such as New Balance, Citizens of Humanity, and AGOLDE.

For LTM November 2022, Canada, and US both represented 50% of total revenue of Aritzia. It is important to note that US revenue was only 34% of total revenue in FY2021. Over FY2018 to LTM, the US revenue has grown at CAGR of 39% and the Canadian revenue has grown at a CAGR of 13%. Aritzia opened its first stores outside of Vancouver in 1999.

AROUND THE SQUARE

Its Town Center location marks its first in Palm Beach County. The company made a single acquisition of a men’s wear brand which has 4 stores. However, the transaction is very small in the overall scheme of things for now.

Pillar 3: Boutiques / Stores

Given that the average size of an Aritzia store is 8,000 sq. Ft., the revenue per store of $11.5 million translates to revenue per sq. JRM Construction West completed the new Aritzia store in the Village at Corte Madera shopping center, a project that highlights our commitment to blending sophisticated design with functional elegance. In partnership with women’s fashion retailer Aritzia, our team at JRM has meticulously transformed this space, delivering a retail environment that reflects both the brand’s chic aesthetic and its practical needs. As Hill has mentioned stores have contributed to Aritzia’s eCommerce success with the channel growing between 2016 and 2020 at an average annual rate of 36%. Online sales are were 43.1% of Aritzia’s sales in its 2023 fiscal third quarter.

Clothes are only a part of the experience– Aritzia also places emphasis on the visual appeals of each store. As you step foot into an Aritzia, the uniqueness of the location is something to take note of. Each Aritzia is styled based on the space provided, taking into consideration local influences, custom interior pieces, and natural materials.

Opt to get texts or calls with insider info, offers, invites and other fun surprises from Aritzia through your phone number below. Think well-lit fitting rooms, extra-large mirrors and cozy lounge areas — make yourself at home. However, employees noted that they do get good discounts on products (40%). You can read about the management and board of directors of Aritzia from here. The board of directors includes private equity partners (Berkshire)and former executives from well know fashion companies such as Aldo, Lululemon, Mountain Equipment Company (MEC) and SSense. With the exception of FY2021, Aritzia’s EBITDA margin during FY2018 to FY2022 averaged ~17%.

BOCA RATON — Six new brands will soon be at the Town Center at Boca Raton. Lovers of chocolate and women's wear are in luck, with two of these retailers now open. Between FY2018 and FY2022, Aritzia opened between 5 to 6 new stores each year (27 in total). Further, it also expanded the square footage in 23 of its existing stores during the same period while closing only one store in FY2022.

The last pillar of Aritzia’s brand is its marketing strategy. The company does not use traditional media to promote its products. In addition to relying on its physical stores, the company primarily engages social media influencers to promote its products. The brand is also further flued by its popularity among its customers who like posting about their shopping experiences (shopping hauls) on social media platforms such as TikTok where Aritzia has almost 2 billion views. Aritzia’s minimalist store set up is appealing to influencers. In addition to a very active reddit discussion group, Aritzia also has over 1.4 million followers on Instagram.