When the COVID-19 pandemic pushed millions of people to work remotely two years ago, shoppers wanted one thing: convenience. It was a tailwind for sports brands such as Nike Inc. (NYSE: NKE) and Lululemon Athletica Inc. (NASDAQ: LULU), but a strong headwind for brands that produce more formal clothing.
Times have changed and demand has exploded for business casual and formal wear. A company that benefited from this increase Aritzia Inc. (OTCMKTS: ATZAF).
Aritzia is a Canadian clothing company focused primarily on women’s fashion, offering dresses, shirts and more. Clothing is expensive, but not grossly unaffordable. Aritzia clothing has grown in popularity, with the company nearly doubling its revenue year-over-year, according to Benzinga Pro.
Since April 2020, Aritzia’s one-year stock return has topped the giants Advanced Micro Devices, Inc. (NASDAQ: AMD)Apple Inc. (NASDAQ:AAPL) and Ford Motor Company (NYSE:F).
Here’s how the returns break down from April 2021 to today:
AMD rose from $81.09 per share to $106.91 for a yield of 31.84%.
Ford rose from $12.17 per share to $16.56 for a yield of 36.20%.
Apple went from $123.00 per share to $173.11 for a return of 40.74%
And finally … AritziaThe stock fell from $24.26 per share to $39.25 for a return of 57.25%
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