Canada’s Aritzia Inc. is expanding in Chicago as it targets both brick-and-mortar and online expansion.
According to Chain Store Age, the fashion retailer will open a third store on Rush Street in Chicago this fall. The Vancouver, British Columbia–based company already operates two other stores in the Windy City. The new store will be over 11,000 square feet.
This is one of many recent moves by the vertically integrated retailer, which reported that its same-store sales increased 11.5 percent in the fourth quarter for its tenth consecutive quarter of positive comp growth. For the full year, same-store sales rose 16 percent and revenue increased 23 percent to C$667.2 million.
Aritzia also recently debuted in Los Angeles, opening a 10,000-square-foot flagship at Westfield Century City. And there are plans to open three to four new stores during the remainder of its fiscal year, including the repositioning of an existing San Francisco location into a flagship on Market Street. At the end of its fiscal year 2017 (February 26, 2017), Aritzia operated 60 stores in Canada and 19 stores in the United States.
"Our strong fourth quarter and full-year performance demonstrates our ability to drive consistent profitable growth,” said CEO and founder Brian Hill. “We achieved double-digit comparable sales increases in each quarter of fiscal 2017, reflecting continued momentum in our Canadian and U.S. retail stores, as well as outstanding performance in our eCommerce business. Looking ahead, we remain focused on driving revenue growth by expanding our store base in North America, targeting substantial growth in our eCommerce business and continuing to create innovative product assortments with new brands and extensions of our existing brands."