364
Fashion Jobs
L'OREAL GROUP
[l'Oreal Korea] Kiehl's - CRM & Trade Mkt sr. Specialist~Manager
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] (jr.) Claim Substantiation Specialist - Corporate Regulatory Affairs
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] (sr.) Product Manager - Kerastase Marketing Team, Ppd
Permanent · SEOUL
UNDER ARMOUR
Associate, HR Administration
Permanent · SEOUL
ARKET
Visual Merchandising Manager
Permanent · BUSAN
PUIG
Marketing Manager
Permanent · SEOUL
JAEGER
[Jaeger Lecoultre] Marketing & Communication Director
Permanent · SEOUL
ESTÉE LAUDER COMPANIES
Corporate Account Executive For Travel Retail Korea, Estee Lauder Companies
Permanent ·
ESTÉE LAUDER - BRAND
Assistant Education Manager, Estee Lauder
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] Luxe Div. - Lancome E-Commerce Specialist
Permanent · SEOUL
COS
Instore Visual Merchandiser Manager_seoul/Gyeonggi
Permanent · SEOUL METROPOLITAN AREA
AESOP
Shinsegae Gwangju - Retail Consultant
Permanent · GWANGJU
COACH
Manager, Ecommerce
Permanent · SEOUL
ADIDAS
Manager, Business Planning & Analysis, Wholesales
Permanent · SEOUL
HENKEL
Adhesive Key Account Manager For Sports And Fashion Market
Permanent · BUSAN
HENKEL
Consumer Brands General Manager Assistant
Permanent ·
HYPEBEAST
Brand Partnership Manager
Permanent · SEOUL
ADIDAS
Manager, Retail Marketing - Originals, Brand Adidas
Permanent · SEOUL
ADIDAS
Manager, bu - Football Apparel, Brand Adidas
Permanent · SEOUL
SWAROVSKI
District Manager (Travel Retail)
Permanent · SEOUL
SHISEIDO
E-Key Account Manager, Cosmetics&Fragrance (Korean Only)
Permanent · SEOUL
ADIDAS
sr. Manager, Process Excellence & Analytics, Scm
Permanent · SEOUL
Published
May 13, 2021
Reading time
2 minutes
Download
Download the article
Print
Text size

Aritzia sales buoyed by strong progress in e-commerce

Published
May 13, 2021

Vancouver-based fashion retailer Aritzia Inc. reported an 81.1% rise in its e-commerce sales in Q4, progress which helped limit the decline in the company’s total revenues to 2.9%, despite Covid-19-related store closures.


Strong e-commerce sales helped offset declines in Aritzia's retail revenues in Q4 - Instagram: @aritzia

 
In the fourth quarter ended February 28, 2021, Aritzia achieved net sales of $267.5 million, compared to $275.4 million in the same period in the previous year. This decrease was primarily due to a decline of $57 million in retail revenue related to 39 government-mandated store reclosures and a decrease of $18 million related to restrictions at open boutiques.
 
Quarterly net income at the company came to $16.1 million, compared to $21.7 million in the prior-year period.

“Our financial results for the fourth quarter demonstrated the strength of our multi-channel business and the growing affinity for our brand,” commented Aritzia founder, CEO and chairman Brian Hill in a release. “Despite the government-mandated reclosure of 39% or 39 of our boutiques for the majority of the quarter, we delivered net revenue of $267.5 million, representing 97% of last year's revenue.”
 
For the full fiscal year, Aritzia reported net revenue of $857.3 million, down 12.6% from $980.6 million in the previous year, largely due to a 42.8% decline in retail revenue. Annual e-commerce revenue increased 88.3% to $425.9 million, accounting for 49.7% of net revenue, compared to $226.2 million, or 23.1% of net revenue, last year.
 
Annual net income totaled $19.2 million, falling from $90.6 million in the previous year.
 
Looking to the future, the company expects its Q1 revenues to increase 110% year over year to approximately $234 million. For the full fiscal year 2022, the retailer expects its net revenues to increase in the range of 30% to 35%.
 
“We're excited by the strong start to fiscal 2022, on-track to more than double our first quarter net revenue compared to last year, reflecting a previously unseen acceleration of sales in the United States and continued growth in our e-commerce business,” explained Hill.
 
According to the executive, the company’s strategy moving forward will continue to focus on its four strategic growth drivers, namely digital innovation of e-commerce and omni, geographical retail expansion, ongoing product development, and brand awareness.
 
Over the course of the last fiscal year, Aritzia opened seven new stores and now operates 101 locations in the U.S. and Canada.

Copyright © 2024 FashionNetwork.com All rights reserved.