Home News The Meghan Markle effect helps Aritzia profit to climb in its 17th...

The Meghan Markle effect helps Aritzia profit to climb in its 17th straight quarter of growth

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The Duchess of Sussex in a Aritzia trench coat in 2018.Chris Jackson

TORONTO — Aritzia Inc. says its first outlet boutique has been “incredibly profitable” in its first two months open, but don’t expect the womenswear retailer to push heavily into the discount space.

Brian Hill, the Vancouver-based company’s chief executive officer, told analysts on a Wednesday call that the outlet Aritzia opened at the Toronto Premium Outlets mall in November has already made back its original capital investment, but “to be clear, this is not the start of an outlet rollout.”

Hill’s remarks came as Aritzia — also the owner of Wilfred, Babaton and TNA stores — announced its third quarter had delivered the company’s 17th consecutive quarter of growth in comparable-store sales.

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