Aritzia Inc. tallied another quarter of positive results, even as other retailers face trying times.The Canadian chain retailer saw net income for its first fiscal quarter hit 8.1 million Canadian dollars, a 4.9 percent increase over the same time last year. Net revenue for the period ended May 28 grew to 145 million Canadian dollars, a 14.7 percent increase, and comparable-store sales also rose by 9.3 percent."We continued to see strong momentum across our business during the first quarter…including significant growth in our e-commerce channel,” said Brian Hill, Aritzia’s founder, chairman and chief executive officer. “We also saw solid contributions from our new and repositioned stores, which continue to perform at or above our expectations.”The retailer primarily sells in-house brands of apparel and accessories and opened two stores during the first quarter, one in Los Angeles and one in Toronto, and expanded one location in Vancouver. Last year, Aritzia opened five new stores and expanded or repositioned another five."Our performance demonstrates that our disciplined approach to store growth and e-commerce execution, our vertically integrated sourcing strategies, and our unwavering focus on offering beautiful, high-quality products at an attainable price point, continue to differentiate Aritzia from all other retailers," Hill added.Aritzia, which began trading in October, posted a positive fourth quarter as well, with net income up 15 percent to 11.5 million Canadian dollars and comp store sales also up 11.5 percent.Around the time it went public, Aritzia said it intended to expand further with plans to add around 30 stores by 2021. It operates about 60 stores in Canada and 20 stores in the U.S.Hill said Wednesday that Aritzia is investing in technology “to capture greater customer data and enhance inventory management” as well as additions to company management and that the company is on a path of “sustained, long-term growth.”For More, See:Currency Boosts Burberry Q1 RevenueKors Shares Drop 7.4% on Analyst’s SkepticismLevi Strauss Boosts Revenue Outlook on Stronger Base
@moncler unveiled its latest project, #MonclerGenius, yesterday at Milan Fashion Week. The Italian outwear maker gave show-goers a preview of the monthly collections – which were created by eight designers and creative talents including Pierpaolo Piccioli, Simone Rocha, Craig Green and more – that will start rolling out in the summer.
In honor of Rihanna’s 30th birthday, we took a look back at an interview with the Barbados-native when she was just 18 years old. Here, she talked about her second album, “A Girl Like Me” in 2006. “I want to be me. I want people to fall in love with who Rihanna is, and that’s why I want the album to be about me so people can really find out who this girl Rihanna is, because they only know the ‘Pon de Replay’ girl.” Fast forward 12 years, and she’s released six more albums and has become a powerhouse in both the fashion and music industries. Happy birthday, @badgalriri 🎈(📷: Pavel Antonov) #wwdarchive