Aritzia targets doubling revenue in five years via U.S. stores

· Retail & E-commerce · Canada · United States

Aritzia laid out a plan to double its revenue within five years, betting on store openings and product expansion. The Canadian apparel retailer said it intends to open as many as 14 U.S. stores a year and extend into bags, beauty and shoes as part of a push to become, in its words, "world famous." The strategy rests on converting its following of young, fashion-forward shoppers into a broader base through more physical locations and categories beyond apparel. The U.S. expansion pace is aggressive for a mid-sized chain, and the move into accessories and beauty puts Aritzia into competition with larger specialty retailers as it seeks new growth outside its core womenswear business.

Why it matters:Aritzia is a closely watched mid-size apparel name, and its plan tests whether store-led growth can still work in North America while many peers cut back on physical retail.

Key points

  • Aritzia aims to double revenue in five years.
  • It plans up to 14 U.S. store openings a year.
  • Expansion includes bags, beauty and shoes.

Sources (original reporting)

More stories from this day