Aritzia Inc.’s net income almost tripled in its latest quarter as the company reaped the benefits of its U.S. expansion and pleased customers closer to home.
The Vancouver-based apparel retailer reported Thursday that its first quarter net income reached $117.3 million, up from $42.4 million during the same period last year. That amounted to 99 cents per diluted share compared with 36 cents a year before.
The increases came in part because the company has opened or renovated 19 boutiques in the last year and nailed what the customer was looking for.
“The assortment is fantastically balanced between client favourites and newness,” chief executive Jennifer Wong explained on a
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