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Today I will talk about why Aritzia is my top clothing stock this summer, even over and above Canadian clothing powerhouses like Canada Goose Holdings Inc. and Roots Corp. A report from Statistics Canada revealed that online sales at Canadian retailers grew 13.4% from January to April compared to the prior year – totalling $5 billion. E-commerce sales have accounted for just under 3% of total retail sales in Canada during the first quarter of 2018. Online shopping has become increasingly popular among Canadians. Last year, North America’s Black Friday and Cyber Monday recorded the highest online sales volumes in history. Aritzia has moved to increase its investment in its e-commerce platform going forward. SG&A expenses rose 2.8% in fiscal 2018 to $183.9 million. The company has projected that SG&A will continue to grow largely because of its commitment to improving this platform.
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