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* Arc'teryx is poised to grow 25 percent year-over-year, according to sources, as the company has gained popularity in New York City and other global markets.
Arc'teryx, a technical high performance brand turned cult luxury product and -more recently - a downtown New York City meme, is ready for worldwide expansion.
Industry experts estimate that the North Vancouver, British Colombia-based brand could see sales grow by up to 25 percent each year, and potentially double its store count over the coming years.
It is understood that much of that growth is seen coming in North America, with New York being the key focus that brand executives feel is the region's center for brand heat.
Additional measures - like an expanded accessories assortment, a new store concept, a resale and repair program and upgraded e-commerce experience - will push Arc'teryx closer to meeting its strategic goals. All the while, the brand says it will continue to dig into its athletic community and functionality-minded design process rather than diving into accelerated fashion cycles and trends.
In a statement to WWD, the brand's chief executive officer Stuart Haselden said of the company's growth: "In the past few years we've undertaken a radical vertical transformation, entering new communities, and reentering some that we've been in before. 2023 will be a major year for North America, with some critical investments made globally, and even more in 2024. We see our role as community-builders, and aim to equip the guests who enter our stores with more than product but the knowledge and support to get into their next great adventure."
Arc'teryx was founded in 1989 by experienced climbing athletes and was acquired in 2002 by Salomon Brands - the entirety of which was acquired by Amer Sports in 2005. In 2019, Chinese conglomerate Anta Sports Products Ltd. purchased a controlling stake in Amer and dialed up investments in the company's brand portfolio, including Arc'teryx.
While Arc'teryx declined to discuss its finances, sources said the expansion is self-funded and does not include outside capital.
The brand is best known for its slick outerwear with a steely color scheme, trim proportions and a minimalist bird skeleton insignia that has made it a status symbol in both urban centers and on mountainsides....