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Home›All›What you missed at Aritzia, Levi’s and more

What you missed at Aritzia, Levi’s and more

By admin1
July 14, 2023
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Earnings season is almost upon us, and a few retailers included in Digital Commerce 360’s Top 1000 E-Commerce Retailers in North America list have already started reporting. Here’s the revenue recap you need to know this week. Learn more about income coverage here.

Aritzia Inc. (#209)

Aritzia reported that new revenue grew 13% year-over-year to $463 million in its first fiscal quarter of 2024. The most significant area of ​​growth for the Canadian company was the United States, where revenue grew 22% year over year, in addition to an 81% increase. last year, the retailer said.

Aritzia has a ‘long growth streak’ in the United States, CEO Jennifer Wong told investors on a fourth quarter earnings call.

Active customers have doubled and conversion is also up, the retailer said, without adding more.

Net e-commerce revenue increased 12.5% ​​during the period to $135.1 million. Online orders accounted for 29.2% of net sales in the first quarter.

Gross profit was $180 million in the quarter, down slightly from $181 million in the first quarter of fiscal 2023.

Levi Strauss & Co. (No. 187)

Levi’s reported revenue fell 9% year over year to $1.3 billion in its fiscal second quarter.

E-commerce net revenue increased 20% during the period, the denim company reported. The growth was due to higher traffic and conversion rates, according to CEO Chip Bergh.

The retailer just completed a digital fulfillment center for East Coast Kentucky orders, with plans to begin shipping from it by the end of July.

“Overall, our digital and e-commerce businesses remain underpenetrated compared to their peers, and the channel represents a tremendous sales and profit opportunity for the company,” Bergh said.

Nike Inc. (#9)

Nike increased its revenue by 5% in the fourth quarter to $12.83 billion. Online sales increased 14% in the quarter and 24% for the year. Nike’s online sales accounted for just over a quarter of fiscal 2023 sales (26%).

Read the full story here.

Ritual Aid (#123)

Revenue was $5.7 billion in the first quarter of 2024, compared to $6 billion a year ago. Net loss was $306.7 million in the period, compared to $110.2 million in fiscal 2023.

Drugstore retail revenues increased 3.4% and comparable store sales increased 8.4%.

Rite Aid has not shared any specific e-commerce sales information.

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