
Following two quarters of declining sales due to the Covid-19 pandemic, the Vancouver-based womenswear retailer saw its revenues rise 4.1% in Q3, thanks to a strong performance from its e-commerce business.
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Following two quarters of declining sales due to the Covid-19 pandemic, the Vancouver-based womenswear retailer saw its revenues rise 4.1% in Q3, thanks to a strong performance from its e-commerce business.
As Covid-19 continues to take its toll on retailers, the Canadian womenswear brand has announced a decline of 17% in its second-quarter sales, with strong e-commerce gains limiting the damage inflicted by the pandemic.
Aritzia announced on Thursday a first-quarter loss and revenue drop, as it temporarily closed all of its 96 boutiques during the quarter, due to the Covid-19 pandemic.
The Canadian fashion retailer has announced a 6.3% increase in fourth-quarter sales thanks to a strong performance from its e-commerce business, but anticipates significant declines in the first quarter due to Covid-19.
Business in Canada is about to be put on hold as Quebec and Ontario, the countries most populous provinces, announced on Monday that non-essential businesses must close by midnight Tuesday.
Joining brands like Aritzia, Lululemon and Canada Goose in a retail black out, more announcements have come from Roots, Ardene and Simons, to name a few.
While most malls across the country remain open - some at reduced store hours - in the midst of the pandemic, many retailers are stepping up and taking preventative measures including temporarily closing their stores.
Aritzia announced on Monday that in response to the evolving COVID-19 pandemic, it will close all of its retail locations until further notice.
Lululemon Athletica Inc. is the latest retailer to close stores and cancel its events schedule, at both its North American and European locations, in response to the coronavirus pandemic.
Aritzia announced on Friday its 21st consecutive quarter of positive comparable growth, delivering a comparable sales uptick of 5.1 percent.