Latest news with #AritziaInc
Yahoo
27-05-2025
- Business
- Yahoo
Aritzia Establishes Automatic Share Purchase Plan
VANCOUVER, BC, May 27, 2025 /CNW/ - Aritzia Inc. ("Aritzia", the "Company", "we" or "our") (TSX: ATZ) today announced that, in connection with its previously announced normal course issuer bid ("NCIB") to purchase up to 4,226,994 of its subordinate voting shares ("Shares") during the twelve month period beginning May 7, 2025 and ending May 6, 2026, it has entered into an automatic share purchase plan ("ASPP") with its designated broker. The ASPP is intended to allow for the purchase of Shares under the NCIB during pre-determined times when Aritzia would ordinarily not be permitted to purchase Shares due to regulatory restrictions and customary blackout periods. The Company has authorized the designated broker to make purchases under the NCIB in accordance with the terms of the ASPP. Such purchases will be determined by the designated broker at its sole discretion based on certain parameters as to price and number of Shares set by Aritzia in accordance with the rules of the Toronto Stock Exchange ("TSX"), applicable securities laws and the terms of the ASPP. The ASPP constitutes an "automatic plan" for the purposes of applicable securities laws and has been pre-cleared by the TSX. The ASPP will commence immediately and terminate when the NCIB expires, unless terminated earlier in accordance with the terms of the ASPP. Outside of pre-determined blackout periods, Shares may be purchased under the NCIB based on management's discretion, in compliance with TSX rules and applicable securities laws. All purchases made under the ASPP will be included in computing the number of Shares purchased under the NCIB. About Aritzia Aritzia is a design house with an innovative global platform. We are creators and purveyors of Everyday LuxuryTM, home to an extensive portfolio of exclusive brands for every function and individual aesthetic. We're about good design, quality materials and timeless style — all with the wellbeing of our People and Planet in mind. Founded in 1984 in Vancouver, Canada, we pride ourselves on creating immersive, highly personalized shopping experiences at and in our 130 boutiques throughout North America — for everyone, everywhere. Our Approach Aritzia means style, not trend, and quality over everything. We treat each in-house label as its own atelier, united by premium fabrics, meticulous construction and an of-the-moment point of view. We handpick fabrics from the world's best mills for their feel, function and ability to last. We obsess over proportion, fit and that just-right silhouette. From hand-painted prints to the art of pocket placement, our innovative design studio considers and reconsiders each detail to create essentials you'll reach for again, and again, and again. Everyday Luxury. To Elevate Your Forward-looking Information Certain statements made in this press release may constitute forward-looking information under applicable securities laws, including statements related to the Company's future purchases of Shares under the NCIB and ASPP. Particularly, information regarding our expectations of future results, targets, performance achievements, intentions, prospects, opportunities or other characterizations of future events or developments in the markets in which we operate is forward-looking information. Often but not always, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "targets", "expects", "is expected", "an opportunity exists", "budget", "scheduled", "estimates", "outlook", "forecasts", "projection", "prospects", "strategy", "intends", "anticipates", "believes", or positive or negative variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", "will", "will be taken", "occur", "continue", or "be achieved". Statements containing forward-looking information are not historical facts nor assurances of future performance but instead represent our current expectations, estimates and projections regarding future events or circumstances. Readers are cautioned that such information may not be appropriate for other purposes. Although the Company believes that the forward-looking statements are based on information, assumptions and beliefs that are current, reasonable, and complete, such information is necessarily subject to a number of business, economic, competitive and other risk factors that could cause actual results to differ materially from management's expectations and plans as set forth in such forward-looking information. Given the current challenging operating environment, there can be no assurances regarding: (a) the macroeconomic impacts on Aritzia's business, operations, labour force, supply chain performance and growth strategies; (b) Aritzia's ability to mitigate such impacts, including ongoing measures to enhance short-term liquidity, contain costs and safeguard the business; (c) general economic conditions and impacts to consumer discretionary spending and shopping habits (including impacts from changes to interest rate environments); (d) credit, market, currency, commodity market, inflation, interest rates, global supply chains, operational, and liquidity risks generally; (e) geopolitical events including the imposition of any new, or any material changes to applicable duties, tariffs and trade restrictions or similar measures (and any retaliatory measures); (f) public health related limitations or restrictions that may be placed on servicing our clients or the duration of any such limitations or restrictions; and (g) other risks inherent to Aritzia's business and/or factors beyond its control which could have a material adverse effect on the Company. Many factors could cause our actual results, performance, achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements, including, without limitation, the factors discussed in the "Risk Factors" section of the Company's annual information form dated May 1, 2025 for the fiscal year ended March 2, 2025 (the "AIF"). A copy of the AIF and the Company's other publicly filed documents can be accessed under the Company's profile on SEDAR+ at The Company cautions that the list of risk factors and uncertainties described in the AIF is not exhaustive and other factors could also adversely affect its results. We operate in a highly competitive and rapidly changing environment in which new risks often emerge. It is not possible for management to predict all risks, nor assess the impact of all risk factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Readers are urged to consider the risks, uncertainties and assumptions carefully in evaluating the forward-looking information and are cautioned not to place undue reliance on such information. The forward-looking information contained in this press release represents our expectations as of the date of this press release (or as of the date they are otherwise stated to be made) and are subject to change after such date. We disclaim any intention, obligation or undertaking to update or revise any forward-looking information, whether written or oral, as a result of new information, future events or otherwise, except as required under applicable securities laws. The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this statement. View original content to download multimedia: SOURCE Aritzia Inc.(Communications) View original content to download multimedia:
CBC
02-05-2025
- Business
- CBC
Aritzia plans to move some of its production away from China amid tariff threats
Aritzia Inc. says it is shifting some of its supply chain away from China, which has been hammered with triple-digit tariffs from the United States. The Vancouver-based apparel company said Thursday that the Asian country is one of the top three countries it relies on to make its clothing, but it intends to cut its China production from 25 to 20 per cent for its upcoming fall-winter season. Its reliance on China will fall even further by next spring, when Aritzia predicts just a "mid-single-digit percentage" of production will happen there, chief executive Jennifer Wong said. "We are taking the word diversification right down to the very epitome of what diversification means," she told analysts on a call. As part of that diversification, she said the business will turn to long-standing partners in the 12 other countries they produce in, like Vietnam and Cambodia. It will also explore new countries and broker relationships with new suppliers that can improve its existing products. While she positioned some of that work as a reflection of the company's decade-long diversification plan, she also credited tariffs with spurring change. U.S. President Donald Trump has been lobbing tariffs at Aritzia's home country, Canada, for much of the year. China has also fallen into his crosshairs and been charged a 145-per-cent duty, which it responded to with its own 125-per-cent rate. For Aritzia, the higher fees pose a problem because the company's web-like supply chain leaves its apparel crossing the globe to enter either its home market or its biggest expansion target, the U.S. WATCH | Aritzia bursts onto U.S. market: Aritzia sets its sights on U.S. fame 2 years ago Duration 2:02 The speed at which tariffs have been threatened, imposed, walked back and reimposed is also proving to be a headache. "Clearly and obviously the situation continues to evolve," Wong said. "If there's one thing we're certain about, it's very uncertain." Other Canadian brands, including Groupe Dynamite and Lululemon, have also discussed moving production out of China. While some apparel and footwear manufacturers had already started moving production out of China in recent years, brands like Adidas have already warned of price increases as a result of the new duties. Despite the swings Aritzia has faced, it doesn't appear to be pulling back from the United States. It has plans for boutique openings this year in five new markets including Cincinnati; Pittsburgh; Raleigh, N.C.; Salt Lake City; and Scottsdale, Ariz. U.S. customers elsewhere appear to already be loving the brand. Its U.S. net revenue increased in its most recent quarter by more than 48 per cent from last year, reaching $548 million. Aritzia's overall net revenue rose by more than 31 per cent in that fourth quarter to $895.1 million, with its retail revenue spiking by 24 per cent and its e-commerce revenue climbing by 42 per cent. Those numbers, in addition to lower markdowns and warehousing costs, helped its net income in the period ended March 2 soar to $99.6 million, more than four times higher than the $24.2 million it made a year earlier. On an adjusted basis, the company reported a net income of $98 million, compared with $38.2 million a year ago. That amounted to adjusted earnings of 83 cents per diluted share compared with 34 cents the year before. Irene Nattel, an analyst with RBC Capital Markets, called the company's latest quarterly performance "strong and better than expected." The company also attributed the boosts it saw to investments in digital marketing, technology and flagship stores, along with an increase in income from foreign exchange gains and unrealized gains on derivatives. It plans to build on its successes with an enhanced international e-commerce site to be rolled out in the first half of its fiscal year and a mobile app coming by the end of that year.
Global News
02-05-2025
- Business
- Global News
Aritzia shifts some supply from China amid U.S. tariffs, CEO says
Aritzia Inc. says it is shifting some of its supply chain away from China, which has been hammered with triple-digit tariffs from the United States. The Vancouver-based apparel company said Thursday that the Asian nation is one of the top three countries it relies on to make its clothing, but it intends to cut its China production from 25 to 20 per cent for its upcoming fall-winter season. Its reliance on China will fall even further by next spring, when Aritzia predicts just a 'mid-single-digit percentage' of production will happen there, chief executive Jennifer Wong said. 'We are taking the word diversification right down to the very epitome of what diversification means,' she told analysts on a call. As part of that diversification, she said the business will turn to long-standing partners in the 12 other countries, like Vietnam and Cambodia, where Aritzia produces clothing. It will also explore new countries and broker relationships with new suppliers that can improve its existing products. Story continues below advertisement While she positioned some of that work as a reflection of the company's decade-long diversification plan, she also credited tariffs with spurring change. U.S. President Donald Trump has been lobbing tariffs at Aritzia's home country, Canada, for much of the year. China has also fallen into his crosshairs and been charged a 145-per-cent duty, which it responded to with its own 125-per-cent rate. 2:03 Consumers, markets brace for impact of Trump's 'Liberation Day' tariffs For Aritzia, the higher fees pose a problem because the company's web-like supply chain leaves its apparel crossing the globe to enter either its home market or its biggest expansion target, the U.S. Get daily National news Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day. Sign up for daily National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy The speed at which tariffs have been threatened, imposed, walked back and reimposed is also proving to be a headache. 'Clearly and obviously the situation continues to evolve,' Wong said. 'If there's one thing we're certain about, it's very uncertain.' Story continues below advertisement Despite the swings Aritzia has faced, it doesn't appear to be pulling back from the United States. It has plans for boutique openings this year in five new markets including Cincinnati; Pittsburgh; Raleigh, N.C.; Salt Lake City; and Scottsdale, Ariz. U.S. customers elsewhere appear to already be loving the brand. Its U.S. net revenue increased in its most recent quarter by more than 48 per cent from last year, reaching $548 million. Aritzia's overall net revenue rose by more than 31 per cent in that fourth quarter to $895.1 million, with its retail revenue spiking by 24 per cent and its e-commerce revenue climbing by 42 per cent. Those numbers in addition to lower markdowns and warehousing costs helped its net income in the period ended March 2 soar to $99.6 million, more than four times higher than the $24.2 million it made a year earlier. On an adjusted basis, the company reported a net income of $98 million, compared with $38.2 million a year ago. That amounted to adjusted earnings of 83 cents per diluted share compared with 34 cents the year before. Irene Nattel, an analyst with RBC Capital Markets, called the company's latest quarterly performance 'strong and better than expected.' Story continues below advertisement The company also seemed pleased with itself, attributing the boosts it saw to investments in digital marketing, technology and flagship stores, along with an increase in income from foreign exchange gains and unrealized gains on derivatives. It plans to build on its successes with an enhanced international e-commerce site to be rolled out in the first half of its fiscal year and a mobile app coming by the end of that year.
Winnipeg Free Press
01-05-2025
- Business
- Winnipeg Free Press
Apparel retailer Aritzia sees soaring profit, revenue in Q4
Aritzia Inc. says its net income soared to $99.6 million in its latest quarter as the retailer benefited from strong consumer interest in its products, as well as lower markdowns and warehousing costs. The Vancouver-based apparel company says that fourth-quarter profit is more than four times higher than the $24.2 million it made a year earlier. It attributed the boost in the period ended March 2 to investments in digital marketing, technology and flagship stores, along with an increase in income from foreign exchange gains and unrealized gains on derivatives. Aritzia's net revenue rose by more than 31 per cent to $895.1 million, with its retail revenue spiking by 24 per cent and its e-commerce revenue climbing by 42 per cent. On an adjusted basis, the company reported a net income of $98 million, compared with $38.2 million a year ago. That amounted to adjusted earnings of 83 cents per diluted share compared with 34 cents the year before. This report by The Canadian Press was first published May 1, 2025. Companies in this story: (TSX:ATZ)
Globe and Mail
17-04-2025
- Business
- Globe and Mail
Aritzia to Release Fourth Quarter Fiscal 2025 Financial Results
VANCOUVER, BC , /CNW/ - Aritzia Inc. (TSX: ATZ) will release its fourth quarter fiscal 2025 financial results after market close on May 1, 2025 . A conference call to discuss the earnings results will follow. Conference Call Details Date: Thursday, May 1, 2025 Time: 1:30pm PT / 4:30pm ET To participate in the conference call: Please dial 1-833-821-0201 or 1-647-846-2331. The call is also accessible via webcast at A recording will be available shortly after the conclusion of the call: Please dial 1-855-669-9658 and the replay access code 5988952. An archive of the webcast will be accessible on Aritzia's website. About Aritzia Aritzia is a design house with an innovative global platform. We are creators and purveyors of Everyday Luxury™, home to an extensive portfolio of exclusive brands for every function and individual aesthetic. We're about good design, quality materials and timeless style — all with the wellbeing of our People and Planet in mind. Founded in 1984 in Vancouver, Canada , we pride ourselves on creating immersive, highly personalized shopping experiences at and in our 130 boutiques throughout North America — for everyone, everywhere. Our Approach Aritzia means style, not trend, and quality over everything. We treat each in-house label as its own atelier, united by premium fabrics, meticulous construction and an of-the-moment point of view. We handpick fabrics from the world's best mills for their feel, function and ability to last. We obsess over proportion, fit and that just-right silhouette. From hand-painted prints to the art of pocket placement, our innovative design studio considers and reconsiders each detail to create essentials you'll reach for again, and again, and again.
