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ARITZIA NEWS RELEASE Aritzia Reports Financial Results for Third Quarter ended November 29 , 2020 Net revenue increased by 4.1 % to $ 278.3 million eCommerce revenue increased by 78.5 % Reopened boutiques operated on average at 81.0 % of last year's sales productivity VANCOUVER , January 13 , 2021 / PRNewswire / - Aritzia Inc. ( " Aritzia " or the " Company " ) ( TSX : ATZ ) , a vertically integrated , innovative design house of fashion brands offering Everyday Luxury in its boutiques and online , today announced its third quarter financial results for fiscal 2021 ended November 29 , 2020 . " We are extremely pleased with our third quarter performance . Our clients ' enthusiastic response to our Fall / Winter product assortment demonstrates our ongoing ability to adapt to their changing lifestyle . We saw continued accelerated momentum of our eCommerce channel , which delivered 78.5 % revenue growth compared to last year . This was coupled with better - than - expected demand in our boutiques , which performed at 81 % of last year's sales productivity . Despite severe capacity restrictions and further reclosures , we continued to engage our clients in Everyday Luxury through engaging service , beautiful product , aspirational environments , and captivating communications . Our positive revenue growth drove meaningful cash flow in the quarter , resulting in a stronger balance sheet , " said Brian Hill , Founder , Chief Executive Officer and Chairman . " Performance in our eCommerce channel has sustained its momentum in the fourth quarter to date , while our reopened boutiques have exceeded our expectations . While the resurgence of COVID - 19 has led to the temporary reclosure of 39 boutiques , we are well - positioned to continue to navigate the uncertainty . Looking ahead , we remain focused on the execution of our growth strategies including driving digital innovation of eCommerce and Omni , geographic expansion , product development , and brand awareness , while continuing to invest in infrastructure including our world - class talent . I am deeply appreciative of our clients ' enduring loyalty and our team's exceptional efforts and remarkable resilience through these extraordinary times , " concluded Mr. Hill . Highlights for the Third Quarter • Net revenue increased by 4.1 % to $ 278.3 million from Q3 last year • • • • eCommerce revenue increased by 78.5 % compared to Q3 last year At the start of the quarter , 96 % of the Company's boutiques were reopened , with the reclosure of 18 boutiques on November 23rd , 2020 , the Company had 82 % of its boutiques opened at the end of the quarter Sales for the reopened boutiques trended on average at 81.0 % of last year's productivity levels for the quarter despite significant occupancy restrictions and limited operating hours Gross profit margin ( 1 ) increased to 45.3 % from 44.7 % in Q3 last year Adjusted EBITDA ( 1 ) decreased to $ 54.6 million from $ 58.4 million in Q3 last year