Aritzia earnings rise in second quarter on strong retail and e-commerce sales

Retail experts have said Aritzia has successfully developed a faithful customer base in recent years, and that momentum is expected to continue.

The brand doesn’t have a lot of competition, making it more able to weather the current inflation trend, she said.Article content Aritzia’s stock price was up 6.51 per cent on the earnings news, largely unchanged year over year after a softer summer. 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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Aritzia earnings rise in second quarter on strong retail and e-commerce salesVancouver-based clothing retailer says it earned $46.3 million or 40 cents per diluted share in the second quarter
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Wall Street points higher ahead of inflation data, earningsWall Street pointed higher before the bell Wednesday ahead of more inflation and retail sales data, as well as the kick-off to the corporate earnings season.
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