Canada: Aritzia Opens in Los Angeles

 

Canadian retailer Aritzia is giving Los Angeles a preview of its contemporary looks.

The Vancouver, Canada–headquartered retailer recently opened a pop-up shop in the former space of Fred Segal Luggage on Melrose Avenue in Los Angeles. The shop’s neighbors include pioneering retailers Ron Herman and Ron Robinson, which are located on the corner of Melrose and Crescent Heights Boulevard in Los Angeles.

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The Canadian retailer will sell its women’s contemporary clothing at its pop-up until early 2017, when it is scheduled to open its Los Angeles flagship at Westfield Century City, the retail center that is undergoing a $955 million remodel. Century City recently unveiled a revampedBloomingdale’s and will unveil a new Nordstrom and a Macy’s remodel in 2017.

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Aritzia currently operates 19 U.S. stores including separate shops in Westfield San Francisco Centre and in Westfield Valley Fair in San Jose, Calif. Aritzia’s entire fleet is comprised of 75 stores and an e-commerce business (us.aritzia.com).

The past year has been busy for Aritzia. In October, it issued an initial public offering and is traded on the Toronto Stock Exchange. Canada’s The Globe & Mail newspaper reported that the retailer’s shares soared 13 percent above the IPO price of 16 Canadian dollars on the day that the offering was introduced. Shares from the IPO were not sold in America.

Aritzia is a multi-brand retailer. It sells denim lines such as Citizens for Humanity and also offers its house labels, including Wilfred.

Source: Appareal News

 

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