Even with these difficulties, Canadian apparel brand Aritzia thrived during COVID-19, seemingly becoming an exception to the rule. Artizia survived during the COVID-19 pandemic by shifting to a far more intensive digital selling strategy. For purchases made online, you can return your purchases online and in store. By working with organizations that have expertise in nonwhite representation, mending singed relations with Black consumers and radically pivoting its internal treatment of Black employees, the brand has the opportunity to grow authentically, so long as it is willing to change. The Company designs apparel and accessories for its collection of exclusive brands. Aritzia closing all stores until further notice due to COVID-19 | CBC News Loaded. Copyright 2023 CNW Group Ltd. All Rights Reserved. Where impact and internal change are concerned, its an ever-evolving process. to colleagues, clients or customers, or inquire about For further information: Helen Kelly, Vice President, Investor Relations, 604-215-6557, [emailprotected]. New launches for Aritzia this year include swim, Aritzia fans, which include A-list celebrities. Coronavirus Store Closing Tracker: TJ Maxx, Bed Bath & Beyond - Forbes Audience Relations, CBC P.O. Despite near-term uncertainties, Aritzia's management team remains confident in the fundamentals of the Company's business model and long-term growth opportunities. A copy of the AIF and the Company's other publicly filed documents can be accessed under the Company's profile on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com. In response to the evolving COVID-19 pandemic, Aritzia will be closing all of its retail locations until further notice as of Monday, March 16th, 2020. Were committed to being both responsive and responsible and navigating these times with everyones safety in mind. Aritzia's strong financial position, with $274 million of liquidity in place at the end of the third quarter, enables it to weather further uncertainty while continuing to take advantage of unparalleled opportunities. The fund provided financial continuity to Aritzia's people who were directly or indirectly been affected by its store closures due to COVID-19. As we head into the heart of the holiday season, we continue to take our Aritzia Community industry-leading health precautions. The retailer says it feels it's the best decision for its people, clients, partners and community as a whole. Our boutiques are officially reopening. expressly prohibited without the prior written consent of Toronto Free shipping & free returns on all orders, all the time. E-commerce revenue remains strong, though growth has moderated since most of the companys stores have reopened, he said, and is currently trending 50 per cent to 100 per cent higher than last year. The fund continues to provide financial continuity to our people who have directly or indirectly been affected by our store closures due to COVID-19. Net revenue increased by about 63%, or $175 million, to $453 million, up 70%, or $186 million, from two years ago. For every package purchased (you can pick up the Diamond package for $100 or the Double Diamond for $200), Aritzia will donate two back to the community on your behalf. Key trends are edited and a curated collection of women's brands, many of which are exclusive to Aritzia, evolve each season. Despite near-term uncertainties, Aritzia's management team remains confident in the fundamentals of the Company's business model and long-term growth opportunities. The Aritzia Community Relief Fund, which was supported by the ongoing loyalty of its customers and the generosity of its suppliers, partners and service providers, reached $20 million (Canadian dollars).
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