Aritzia LP
TypePublic
TSX: ATZ
IndustryFashion
Founded1984
FounderBrian Hill
HeadquartersVancouver, British Columbia, Canada
Number of locations
101[1] (2021)
Area served
North America
Key people
CEO Jennifer Wong
ProductsClothing and accessories
RevenueIncrease C$2.20 billion (2022)[2]
Increase C$0.19 billion (2022)[2]
Total assetsIncrease C$1.84 billion (2022)[2]
Total equityIncrease C$0.69 billion (2022)[2]
Number of employees
8,300[3]
Websitearitzia.com
Aritzia store in Sherway Gardens, Toronto, Canada
Aritzia store in New York City
Aritzia's previous logo

Aritzia LP is a Canadian women's fashion brand founded in Vancouver, British Columbia, by Brian Hill in 1984. Aritzia sells a variety of lifestyle apparel through various upscale retail stores across Canada and the United States and online. Aritzia describes itself as "everyday luxury," a luxury brand at attainable prices.[4]

History

Aritzia opened its first store in 1984 in Oakridge Centre, a Vancouver-area shopping mall.[5] In November 2007, Aritzia opened its first U.S. stores in Seattle and Santa Clara.[6]

The company went public on October 3, 2016.[7]

In 2019, major shareholder Berkshire Partners, a private equity company, exited its stake.[8]

In June 2021, Aritzia announced it would be acquiring Reigning Champ, a menswear-focused Canadian streetwear brand, for $63 million.[9]

In May 2022, Jennifer Wong took over as CEO from Brian Hill.[10] Jennifer Wong—Hill’s COO since 2007—joined the firm in 1987 as a sales associate at the Robson Street store in Vancouver, one of the first Aritzia stores.[11]

Brands

Aritzia primarily sells in-house brands, such as Wilfred, Wilfred Free, Le Fou by Wilfred, TNA, Babaton, The Group by Babaton, 1 -01 Babaton, Sunday Best, Main Character, Community and Super Puff. In 2014, Aritzia introduced two handbag lines: SIXELEVEN and Auxiliary.[12] Stores also carry clothing from labels such as Citizens of Humanity, Mackage, New Balance, Levi's, A Gold E, Havaianas, J Brand Jeans, Adidas, Herschel Supply Co. and Rag & Bone.[13]

Stores

Aritzia's stores are designed individually. After a location is hand-selected, a team of architects and designers create a bespoke look with a mixture of local influences, natural materials, custom furniture, and art.[14] It is intentional that there are no mirrors in most of the dressing rooms, forcing shoppers to head into a communal space. (Each store has at least one dressing room with a permanent or roll-in mirror for those shoppers wanting additional privacy). Some locations have complimentary coffee bars or serve alcohol.[15]

As of January 2021, Aritzia operates 101 stores in North America; 68 boutiques are located in Canada including 5 TNA stores, 8 Wilfred stores and 4 Babaton stores.[16][1] There are 33 Aritzia stores in the USA, including a 13,000 square-foot flagship location in Manhattan, New York City.[17]

In January 2017, Aritzia announced the opening of a flagship store in Chicago on Rush Street.[18]

E-commerce

In November 2012, Aritzia launched the aritzia.com e-commerce site.[19] It also provided a digital magazine with artist profiles and galleries of clothing trends.

Notes

  1. 1 2 "January 2021 Investor Presentation" (PDF). Aritzia. January 2021. Archived (PDF) from the original on January 19, 2021. Retrieved May 4, 2021.
  2. 1 2 3 4 "Aritzia Annual Report 2022" (PDF). Aritzia. Retrieved October 14, 2023.
  3. ↑ "ARITZIA INC. : Shareholders Board Members Managers and Company Profile". MarketScreener.
  4. ↑ Duhatschek, Paula. “Aritzia is having a moment in the U.S.—but can it live up to the hype?” CBC News, January 27, 2023.
  5. ↑ Mckenzie, Kevin Hinton & Ryan. "BCBusiness". BCBusiness. Retrieved June 19, 2021.
  6. ↑ Kelly, Caitlin. "Aritzia, Canadian Fashion Retailer, Files IPO". Forbes. Retrieved June 7, 2023.
  7. ↑ The Canadian Press (October 3, 2016). "Aritzia soars on TSX; shares up 10.69 per cent at close". CTV News. Bell Media. Retrieved October 20, 2016.
  8. ↑ "Banks buy into Aritzia, as major shareholder Berkshire Partners exits". Richmond News. February 22, 2019. Retrieved June 19, 2021.
  9. ↑ Larson, Kristin. "After challenging year, Aritzia forges into menswear with Reigning Champ acquisition". Forbes. Archived from the original on July 15, 2021. Retrieved July 15, 2021.
  10. ↑ Robertson, Susan Krashinsky (May 30, 2022). "Aritzia's new CEO on the retailer's future". The Globe and Mail. Retrieved May 30, 2022.
  11. ↑ Eldor, Karin. "The 'Super' Success Of Aritzia: Jennifer Wong, President And COO, Leads With Impact". Forbes. Retrieved June 7, 2023.
  12. ↑ "Aritzia In-House Handbag Line Launches Today". Retrieved September 24, 2015.
  13. ↑ Brands aritzia.com/
  14. ↑ Kelly, Caitlin (January 13, 2023). "How Aritzia Became the Hottest Fashion Chain in the US". Bloomberg.com. Retrieved June 7, 2023.
  15. ↑ McEvoy, Jemima. "How 39-Year-Old Canadian Retailer Aritzia Suddenly Became A Fashion Icon And Made Its Founder A Near Billionaire". Forbes. Retrieved June 7, 2023.
  16. ↑ "Store Locations". Aritizia. Archived from the original on June 25, 2017. Retrieved May 4, 2021.
  17. ↑ "About Us". www.aritzia.com.
  18. ↑ Zumbach, Lauren (January 25, 2017). "Aritzia opening Gold Coast flagship this fall". chicagotribune.com.
  19. ↑ "Aritzia fashionably late to Internet retailing". Retrieved June 19, 2021.
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