Consumer
Aritzia’s New Styles Help Sales Rise Unexpectedly
An Aritzia store in Toronto, Ontario, Canada.
Photographer: Della Rollins/BloombergThis article is for subscribers only.
Aritzia Inc. reported an unexpected increase in sales for the third quarter as new inventory and higher markdowns drew in customers.
The Vancouver-based retailer’s revenue came in at C$653.5 million ($488m), beating the average analyst estimate of C$621.9 million. Sales rose 4.6% from a year earlier, while analysts expected a decline.