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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%.
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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.
without any Aritzia stores
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.
Financial performance of management
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.
Oakridge Centre Retailers to Close Until 2024 Amid Vancouver Mall Redevelopment [Exclusive]
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.
Aritzia Lands at Mall of America
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.
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.
Vancouver design house debuts new Dallas boutique at NorthPark Center - CultureMap Dallas
Vancouver design house debuts new Dallas boutique at NorthPark Center.
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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.
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.
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.
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.
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