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TIVP103: ARITZIA (ATZ.TO): THE WOMEN’S APPAREL BRAND CONQUERING THE US, PLUS NIKE, LULU, AND MORE
W/ KYLE GRIEVE & SHAWN O’MALLEY
TIVP103: ARITZIA (ATZ.TO): THE WOMEN’S APPAREL BRAND CONQUERING THE US, PLUS NIKE, LULU, AND MORE W/ KYLE GRIEVE & SHAWN O’MALLEY
18 October 2026
In today’s episode, Kyle Grieve and Shawn O’Malley discuss Aritzia, the everyday luxury fashion brand that has become one of retail’s most impressive compounders. They explore how a small boutique in the corner of a department store grew into a brand with exceptional store-based economics, a spotless balance sheet, and a huge untapped opportunity across America. With the stock falling even as the business posts some of its best growth ever, they debate whether this is a rare chance to own a durable compounder or a hot brand nearing its peak.
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IN THIS EPISODE, YOU’LL LEARN:
- Why Aritzia’s stores outsell most of their mall neighbours
- The one competitive advantage behind Aritzia’s decades of growth
- How Aritzia turned a tariff headache into rising margins
- Why management turned down cheap money when everyone else borrowed
- What Lululemon’s struggles reveal about investing in retail brands
- Why some fashion brands fade while others keep compounding
- The biggest risk that could end Aritzia’s run
- And so much more!
For the full show notes, go to this page.
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