Aritzia Inc. saw net income go up 16 per cent in the second quarter of fiscal year 2023, as both retail and e-commerce sales rose year over year.
Retail experts have said Aritzia has successfully developed a faithful customer base in recent years, and that momentum is expected to continue. Jenna Jacobson, assistant professor at Toronto Metropolitan University's Ted Rogers School of Retail Management, told the Canadian Press ahead of the company’s earnings report that it’s established itself as a relatable brand, with a strong digital and influencer strategy that has helped its growth south of the border.
Retail revenues rose almost 70 per cent to $351.6 million while e-commerce sales increased 33.1 per cent to $173.9 million.
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