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“Aritzia is a vertically integrated design house that delivers Everyday Luxury through engaging service, beautiful product, aspirational environments, and captivating communications. This season, Aritzia is excited to expand its Yorkdale boutique, complete with an A-OK Cafe, the brand’s signature in-house coffee shop,” said the brand. The latest expansion comes at a time when a number of retailers at Yorkdale are renovating or relocating. GUESS, which was formerly located beside Aritzia, will be opening a new storefront in part of the former Victoria’s Secret location in the mall. Mango will also be opening in the Victoria’s Secret space, which was vacated last year. Vancouver-based women’s fashion retailer Aritzia has debuted its renovated and expanded storefront at Toronto’s Yorkdale Shopping Centre.
C. Understanding Aritzia’s Brand: 5 key pillars
If you are looking for a dress, or several, to wear Aritzia is a safe bet for something that is on trend yet affordable. The popular Canadian fashion retailer sees itself as an aspirational “everyday luxury” brand. Aritzia has been a tenant in the shopping centre since 1999 — its original 5,000 square foot store relocated to a 10,000 square foot space on the North Wing of the centre several years ago. Now the store totals nearly 20,000 square feet, making it one of Aritzia’s largest. According to the Retail Council of Canada 2017 Shopping Centre Study, the Holt Renfrew Centre saw annual sales in excess of $1,000/square foot last year.
Aritzia Mall of America dressing room
I like comparing Aritzia’s store experience to that of Starbucks for coffee. They have a curated mix of store design, architecture and music. Aritzia continued its expansion into menswear with its acquisition of Reigning Champ which it paid $63 million for in 2021 to acquire a 75% stake.
What’s new at the Town Center at Boca Raton? Aritzia, Alo Yoga and other first-to-market brands
During the pandemic, the stay-at-home orders led to a decrease in Aritzia’s sales of its professional wear brand Babaton. The company had the flexibility to push other brands which had a more stay-at-home and casual product line. The Canadian retailer is high-up on our list of essential stores to shop thanks to the brand's chic offerings, so, ahead of the warmer season, we've rounded up all of our favorites. From the best-selling blazers to the linen pants one editor wore all summer straight, scroll (and shoo) all of the best editor-approved Aritzia pieces we wear 24/7. Between FY2018 and FY2022, Aritzia on average spent $60 million per year on capital expenditure.
Aritzia stores in
Last spring, Nordstrom Rack opened its Canadian flagship store at 1 Bloor Street East, and other major mid-market brands are said to be eyeing the area in anticipation of Eataly and other draws moving into the area. In this article, we discussed Aritzia’s rise to fame and what makes the brand so attractive to its consumers. We touched upon the brand’s efforts at sustainability, along with their ideas to expand in the future. As a continuously evolving fashion boutique producing unique pieces for each of their in-house brands, Aritzia stands as a prime example of luxury, yet affordable retail. Hill proves that any idea has the chance to become momentous with the right eagerness and willingness to take a risk.
Aritzia Seeks Dismissal in Lawsuit Over Window Displays - The Fashion Law
Aritzia Seeks Dismissal in Lawsuit Over Window Displays.
Posted: Tue, 08 Aug 2023 07:00:00 GMT [source]
Richmond Hill
Its average store size is 8000 square feet; however, their flagship stores are often as big as 14,500 square feet. The boutiques are primarily launched under the Aritzia brand; however, the company opportunistically opens standalone stores under the TNA, Babaton and Super Puff brands. Aritzia’s stores are in either high traffic malls, or high street locations with heavy footfall. The company treats its stores as its main customer acquisition vehicle and major component of its marketing strategy. To elevate the customer experience, some of the stores even have a A-ok café in store. Again, taking its long-term approach to brand management, Aritzia’s management is often willing to wait for the right retail locations which resonate with its brand.
AROUND THE SQUARE
Most of Aritzia’s sales, 95%, come from its own private label brands that it designs in house. Aritzia has around 10 of these brands including Babaton, Sunday Best, Wilfred, Tna and Super World. Having different brands allows Aritzia to target different demographics. Tna targets a younger consumer then those consumers can move on to Babaton when they are looking for career wear.
Aritzia’s products are packed aesthetically pleasing packaging adding to the entire online shopping experience. Management as claimed that Aritzia’s omni channel customers, generally spend 3x the amount spent by single channel (eCommerce or retail) customers. Aritzia’s products are priced at a premium and are positioned as ‘Everyday Luxury’. Management claims to have lower mark downs of inventory owing to its superior sourcing and inventory management. Aritzia also tends to take a long-term view of brand management and often foregoes short term sales by discontinuing older styles and introducing new ones to maintain brand relevance.
D. Historical revenue growth and store level economics
In January 2023, the company issued another normal course issuer bid where it may purchase up to 3.9 million shares. Aritzia’s revenue grew from $743 million in FY2018 to $2,002 million for the last twelve months (“LTM”) ended November 2022 at a CAGR of 22%. Out of its total revenue of $2,002 million, $1,325 million (or 66%) was from the retail segment and $677 million (or 34%) was from eCommerce segment. In this section we will dive into Aritzia’s historical store growth, and its store level economics both for new stores and expanded stores which are a key component of Aritzia’s strategy.
If you are curious about why Aritizia is so popular then consider these five elements of its strategy. Our architects and designers consider each boutique individually, creating a bespoke mix of local influences, natural materials, custom furniture and art. Think well-lit fitting rooms, extra-large mirrors and a cozy lounge area — make yourself at home. Aritzia Yorkdale features collections from most of the brand’s extensive portfolio of sub-brands, including Wilfred, Babaton, Tna, The Super Puff™ and Sunday Best. Retail Insider reported on Aritzia’s expansion goals in September 2022, at which time Karen Janes, Executive Vice President, Real Estate boutique Development for Aritzia, shared some of the plans. Back in 2020, Aritzia announced the opening of two pop-up locations dedicated solely to the Super PuffTM brand both titled Super World.
BCLiving is an award-winning, ultimate guide to living your best life in British Columbia—whether you’re a visitor to the province or a local looking for insider advice. An exclusively digital publication, we cover the pillars of local travel, food & drink, shopping & style, health & fitness, home & garden and entertainment. From now on, all store designs will mirror the Robson Street flagship with unique design elements such as an indoor raised garden, a marble slab wall and curated art pieces.
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