Aritzia Inc. says its expansion plans are so far paying off.
The Vancouver-based retailer, which has been pushing deeper into the U.S., has noticed store openings have become a reliable source of revenue growth because of how fast they’re building loyalty with new customers.
“They are performing right out of the gate,” chief executive Jennifer Wong told analysts on a call Thursday. “In the past, several years ago, we would talk about a bit of a ramp that would occur, but right now, we see lineups the day we open.”
Her remarks came as Aritzia is capping off a fiscal year in which it opened 14 new boutiques and revamped at least four others, including one in the venerable Manhattan market.
The company, which is also behind the TNA, Wilfred, Babaton and Reigning Champ banners, so far has 76 boutiques in the U.S. but aspires to accumulate between 180 and 200.
On the docket are store openings in major U.S. cities like Atlanta, Cleveland and Las Vegas and states including Florida, California and Texas.
“It’s really across the country, north, south, east, west, that we’re looking at opening new stores this year in the United States,” chief financial officer Todd Ingledew said on the same call as Wong.
Closer to home is a new distribution centre the executives said will open in British Columbia next week. It will be a precursor to a second facility in the U.S. debuting later this year or early next, they said.
Wong and Ingledew spoke just after revealing Aritzia’s fourth quarter brought a 35 per cent jump in profit and a revenue increase that was almost as high.
Its net income reached $134.3 million, up from $99.6 million a year earlier.
That result for the period ended March 1 translated to $1.12 per diluted share, up from 84 cents per diluted share a year earlier.
On an adjusted basis, Aritzia’s net income amounted to $138.2 million, rising from $98 million during the fourth quarter of last year.
The company’s net revenue increased by about 33 per cent to $1.19 billion over the same period.
The quarter covered a period when Aritzia purchased U.S. Fred Segal, a fashion brand built around the California cool ethos, and leased its famed ivy-adorned property on Melrose Avenue in Los Angeles.
Aritzia never revealed what it paid for the brand or property it plans to restore from recent store damage. It also hasn’t said whether it will expand the brand to Canada or detailed how it might change the company’s product mix.
Wong, however, said Thursday that Aritzia will “reimagine the brand for a new generation” and look to “capitalize” on the fondness people in California have for it.
“The nostalgia for the brand and just how big of a deal it is in that city is amazing,” she said.
This report by The Canadian Press was first published May 7, 2026.
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