Aritzia earnings up on higher revenue, especially from U.S. customers

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 92%

Streetwise Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Vancouver-based fashion retailer has seen Canadian sales slump starting in third quarter

Aritzia Inc.’s retail business has become a tale of two consumers, as momentum sags among Canadian shoppers while American clients continue to fuel the clothing chain’s growth.

“Ultimately, we started to see a bifurcation in the second quarter, mainly due to the U.S. momentum,” chief executive officer Jennifer Wong told analysts on a call Thursday to discuss the results. Aritzia reported its net revenue increased by 15.3 per cent in the second quarter, to $615.7-million. Comparable sales – an important industry metric that tracks sales growth that removes the impact of new store openings – grew by 6.5 per cent in the quarter.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 5. in BE
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Belgique Dernières Nouvelles, Belgique Actualités