Aritzia unveils growth plan, expects revenue to double to $10.5 billion in five years

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Photo by Valerie Plesch/BloombergAritzia Inc. expects to nearly double its net revenue to $10.5 billion in the next five years, with the United States accounting for 85 per cent of its growth.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThe Vancouver-based company unveiled its five-year strategic growth plan Tuesday, outlining four key priorities to strengthen its digital presence, expand its customer base and add markets beyond Canada and the U.S.This advertisement has not loaded yet, but your article continues below.Chief executive Jennifer Wong told investors the company is delivering “exceptional results” south of the border and that the U.S. will remain its primary growth market through fiscal 2032.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try again“We want to amplify the core and expand the core that we have because it is a proven, predictable driver of growth,” she said.As part of its expansion plan, Aritzia said it will open 12 to 14 branches annually, almost all of them in the U.S., bringing its total number of stores to approximately 220 by fiscal 2032.The retailer is also expecting digital sales to play a significant role in its growth strategy. It is targeting online revenue of between $4.1 billion and $4.5 billion in North America by 2032.Margot Johnson, Aritzia’s chief digital officer, said the company will achieve this target by launching a loyalty program, investing in digital marketing and improving its online shopping experience.Internationally, Wong said Aritzia is “ready to move beyond aspiration” and begin implementing its expansion into global markets.“For years, our focus has been on building the world of Aritzia, and so the next chapter is bringing Aritzia to the world,” she said.This advertisement has not loaded yet, but your article continues below.However, Wong said international markets will account for only 10 per cent of the company’s overall growth, and its focus over the next five years will be on building the foundation and infrastructure needed for long-term investment beyond that period.The company plans to open its first boutiques outside North America and expects the expansion to bring in an additional $500 million in revenue by fiscal 2032.It also plans to add more products to its collection, including handbags, footwear, jewellery, beauty products and warm-weather accessories.The retailer said it expects an adjusted earnings margin of 21 per cent by fiscal 2032 and its earnings per share to grow faster than revenue — with about $21 in adjusted earnings for every $100 in sales.The ambitious growth plan comes as Aritzia continues to report strong financial results. In fiscal 2026, the company met its 2027 revenue target a year ahead of schedule.Wong said Aritzia is entering its next multi-year plan with meaningful momentum.“I think it’s so wonderful that we’re cool with the younger generation and we resonate with the moms, and they can spend time together in our stores,” she said.We apologize, but this video has failed to load.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.