News comes as retailer beats expectations
The Vancouver-based company said president and chief operating officer Jennifer Wong, who started at Aritzia as a part-time sales associate 35 years ago, will become chief executive officer on May 21, 2022. Hill will stay on as executive chair of the board.Friday morning that the time was right for the transition because “business is fantastic.”
Aritzia beat expectations Friday with net income of $34.2 million, up 113 per cent from $16.1 million a year earlier.Hill said his team had expected on the high end to get to 90 per cent of pre-pandemic sales levels, but are now “well over 100 per cent.”Article content “Inflation is a challenge for us for sure. You know, our cost of goods are going up, our labour is going up,” said Hill, adding the retailer was going to hold prices “for the time being.”
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