Canadian fashion firm Aritzia`s Q1 FY22 revenue jumps 122% to $247 mn

Fashion

14 Jul `21

2 min read

Aritzia, a Canadian vertically integrated, innovative design house, has reported 121.7 per cent revenue growth to $246.9 million (Canadian dollar) in its first quarter (Q1) of FY22 ended on May 30, 2021, compared to $111.4 million in the same period of prior year. E-commerce revenue for Q1 grew 18.6 per cent to $103.9 million (Q1 FY21: $87.6 million).

Aritzia, a Canadian vertically integrated, innovative design house, has reported 121.7 per cent revenue growth to $246.9 million (Canadian dollar) in its first quarter (Q1) of FY22 ended on May 30, 2021, compared to $111.4 million in the same period of prior year. E-commerce revenue for Q1 grew 18.6 per cent to $103.9 million (Q1 FY21: $87.6 million).#

“We are extremely pleased with the start of fiscal 2022. The strength of our multi-channel business fuelled first quarter net revenue growth, despite half of our Canadian boutiques remaining closed for the majority of the quarter,” Brian Hill, founder, chief executive officer and chairman at Aritzia, said in a press release.

“Retail sales productivity at our open boutiques returned to pre-Covid-19 levels, ramping faster than we anticipated. In the United States, our brand affinity is deepening, where net revenues have more than tripled, growing at 200 per cent from the prior year,” Hill added.

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