Apr. 9, 2026 "Canadian clothing retailer reports strong fourth quarter": Today I found this article on BNN Bloomberg:
TORONTO — The CEO of Roots Corp. highlighted the retailer’s progress in improving its profitability as the business pushes on with its strategic review.
In a conference call with financial analysts to discuss the company’s latest results on Thursday, Meghan Roach said she feels the last few years have marked a “successful repositioning of Roots as a premium brand.”
After she joined in 2019, the Toronto-based business known for its
casualwear and leather goods began moving away from markdowns
and fashioning itself into more of a prestige brand.
Roach said back then, the company’s gross margin was 53.4 per cent
and more than 60 per cent of customers purchased something on sale.
Now, that key measure of profitability is about 61.3 per cent
and more than 70 per cent of customers are making full-price purchases.
Roach touted the gains roughly a month after the apparel company revealed its board was launching a strategic review in hopes of finding ways to maximize value for shareholders.
The company has said the board would study a range of possibilities including,
but not limited to,
a sale
and would not make incremental updates on the review.
Roach reiterated those points Thursday, saying “there can be no assurances that the review will result in any specific action, transaction or agreement.”
“The management team remains dedicated to
executing on our strategic priorities,
and to operate the business in the best interests of all stakeholders,”
she said.
The retailer was started by Michigan natives Michael Budman and Don Green,
who met at an Ontario summer camp in the sixties
and decided to open what eventually became Roots north of the border in 1973.
They sold a majority stake in Roots in 2015 to private equity firm Searchlight Capital Partners L.P., where Roach was previously a managing director, and by 2017, the retailer had gone public on the Toronto Stock Exchange.
On Thursday, Roots reported sales for its fourth quarter totalled $115.5 million,
up from $110.8 million.
Direct-to-consumer sales amounted to $107 million,
up from $101.2 million,
while partners and other sales amounted to $8.5 million,
down from $9.6 million.
Overall, the company reported a profit of $14.7 million or 37 cents per share for the quarter ended Jan. 31.
That compared with a loss of $21.7 million or 54 cents per share a year earlier when it took a non-cash impairment charge.
On an adjusted basis, Roots earned 42 cents per share compared with an adjusted profit of 40 cents per share in the same quarter last year.
The results covered the typically busy holiday season,
which arrived this time as trade tensions continued to fester
and according to Roach,
made the consumer environment “dynamic.”
“But it’s no different than really what we’ve seen over the last three years,”
she said.
“It seems like every year,
there’s something new that happens.”
This report by The Canadian Press was first published April 9, 2026.
May 7, 2026 "Aritzia's Q4 profit spikes 35% from last year, net revenue up almost 33%": Today I found this article by Tara Deschamps on BNN Bloomberg:
Aritzia Inc.’s latest quarter brought a 35 per cent jump in profit and a revenue increase that was almost just as a high.
The Vancouver-based retailer says its fourth quarter net income reached $134.3 million,
up from $99.6 million a year earlier.
That result for the period ended March 1 translated to $1.12 per diluted share, up from 84 cents per diluted share a year earlier.
On an adjusted basis, Aritzia’s net income amounted to $138.2 million, rising from $98 million during the fourth quarter of last year.
The company’s net revenue increased by about 33 per cent to $1.19 billion over the same period.
The result comes as Aritzia continues to open more boutiques and push an app it recently launched.
This report by The Canadian Press was first published May 7, 2026.
Tara Deschamps, The Canadian Press
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