Aritzia Shares Soar Most in Nearly a Year on Strong Spring Collection Sales

Clothing retailer Aritzia Inc.’s shares rallied the most in nearly a year and led the Canadian equity benchmark higher on Wednesday, as data showed sales got a big boost from the latest spring collection and prospects for an end to the Iran war broadly spurred risk sentiment.

The Vancouver-based company’s stock climbed 9.5% to C$124.99, making it not only the top performer but also the only retailer among the top 10 biggest percentage gainers on the S&P/TSX Composite, which closed up 1.2% in Toronto on Wednesday.