Aritzia has also enjoyed well-deserved celebrity hype: The Super Puff puffer jacket, which was first released in 2018, has been worn by Ariana Grande, Kendall Jenner, Hailey Bieber, and Margot Robbie, catapulting it to fashion icon status. As a followup to this capsule collection, Aritzia released a limited-edition collection, Cause Mom, in time for Mothers Day. Track performance, allocation, dividends, and risks . The fundprovidedfinancial continuity to Aritzias people whoweredirectly or indirectly been affected by its store closures due to COVID-19. I thought I would do this until I got a real job in finance after I graduated, says the Vancouver native. The company has identified roughly 100 locations that could support stores, and given the troubles of its retail competitors, there are many deals to be had. In Q1, we launched our first-ever swim collection, and we extended our footwear offering through our first partnership with Vans. If I dont feel forward motion, Im less happy.. It is not the customer experience we want to in the elevated Everyday Luxury experience, we want to translate to our customers. Thanks great. The latest Super Puffs, now also available for men, are the stars of fall window displays in Aritzias flagship stores, and the company recently opened Super Puff pop-ups in New York and L.A. Stores continue to be the companys primary marketing vehicle. Maybe you could just talk a little bit about how that space is going to be utilized? Aritzias sales per square foot are well above its peers, analysts report, and recently opened stores have returned the investments within two years. She served as an executive sponsor to several successful strategic initiatives, most notably, the implementation of our new point of sale system (2017), launch of our eCommerce business (2012), implementation of our enterprise resource planning system (2008), relocation of our distribution centre (2008) and our U.S. expansion (2007). Engineered to deliver warmth down to -20C / -4F, it's made with an exceptionally warm wool-cashmere fabric from a premier Italian mill. Jennifer Wong is President, Chief Operating Officer, Corporate Secretary, Director of the company. "Those are really intelligent locations," Patterson said. And the product doesn't necessarily need to go to all -- through all channels. Our inventory buys are focused on our proven sellers, and we are confident we are on track to have the product to meet demand through the fall/winter season. Her husband, Brian, knew upon meeting Wong that she was just as crazy about work as she was about having a family, and when the couple started having kids a little more than a decade ago a. The next question is from Lorraine Hutchinson with Bank of America. Her husband, Brian, knew upon meeting Wong that she was just as crazy about work as she was about having a family, and when the couple started having kids a little more than a decade ago a boy followed by another two years later he assumed the role of the stay-at-home dad, so mom could keep bringing home the bacon. What is the salary of Ms Wong? >> Rocketreach finds email, phone & social media for 450M+ professionals. Strategic real estate choices have also always been important to the brand, and Aritzia is growing in that realm and making power moves. I've made lots of friendships through my work. We still see the U.S. as there's a lot of white space there and ensuring that we continue to build the foundation for getting famous and propelling our brand and providing that exceptional client service that we are known for, that's what will keep us in the game, so to speak. Hill, a third-generation retailer whose familys Hills of Kerrisdale department store has been a Vancouver fixture for almost a century, put Wong in charge of footwear for Aritzias four stores. His fashion retailer has increased in size to 106 stores, including some under banners such asTNA, Babaton and Wilfred. Today, Aritzia can count 101 boutiques, with the recent opening of its Ala Moana boutique in Honolulu, its first in Hawaii. Aritzia Inc., together with its subsidiaries, designs and sells apparels and accessories for women in North America. "Client growth [in the U.S.] has increased more than 300 per cent in the past two years." Aritzia also noted its inventory climbed by 150 per cent over the past year. Email Address * Country * And frankly, we're still building from this point is how we are looking at it and making sure that we have the right level of inventory to drive the sales. And as Jen mentioned, we're going to monitor all the other aspects of this. 1,039 Followers, 784 Following, 31 Posts - See Instagram photos and videos from Jennifer Wong (@jennwongg) jennwongg. <br><br>My career goal is to help influential businesses measure their impact & reach the triple bottom line . And I think that's proven. Find contact information for Aritzia. Get Aritzia Inc. financial information by email. The company said today that it plans to open eight to 10 boutiques this year including two stores that it called Forum Shops, which arealready open in Las Vegas and at Miami's Aventura Mall. She was recognized as one of Canadas Top 40 Under 40 (2008). Adjusted EBITDA was 17.1% of net revenue compared to 16.6% of net revenue last year. We already opened our first boutique in Orlando, and we'll be opening in Atlanta later this month. I just sort of -- lots of great ground you've covered so far. Yes, we aren't seeing any change in that right now. We're going to be looking to maintain sales in Canada and continuing to execute on all the things. The company's fourth-quarternet revenue increased by66.1 per cent, compared to the same quarter a year ago, to $444.3 million. Designed to help you build your network, because you never know where that next connection takes you. How much relates to the closures last year expedited freight? So I see this being obviously some opportunities for new categories, but at the same time, we just don't think our stores are doing -- our size of our stores are doing our customers and Aritzia just as at this point in time. Please go ahead. And so that leverage that we saw from those stores in Q1 or the revenue that those stores then generated this year is coming off in Q2. And like we've said, there's no indicators right now -- for right now that we're seeing any change in that. A strong e-commerce platform has been the single biggest differentiator between winners and losers over the past six months.. In Q1, our business sustained its exceptional momentum as we saw strength in all geographies and all channels, particularly in the United States. What could change? Potentially air freight prices could come down or expedited freight costs. We have the answers for you. But we're actually anticipating that, that will subside when potentially some kind of recession of some form or another, how deep it is who knows. Since I started my career at Aritzia I cant say, Ive been there and done that, says Wong. And then I just wanted to ask about, Jennifer, you mentioned the intimates launch that seems like it's intertwined with the Michigan Avenue flagship opening. I dont know if that [opposition] drives me, but we said, We are going to do it, and we are going to do it successfully. Aritzia reported a 40 per cent increase in sales revenue growth in the United States market across its e-commerce platform in its 2019 third quarter. It offers t-shirts, tops, bodysuits, shirts, blouses, sweaters, knitwear, sweatsuits, pants, denims, leggings, bike shorts, dresses, skirts, jackets, blazers, jackets, coats, shoes, and accessories, including hats, socks, face masks, intimates, gloves and mittens, belts, scarves, scrunchies, bags, and iphone cases. These are your fall 2020 must-haves, and Aritzias got them all. Client demand is showing no signs of letting up across all geographies and all channels. Jennifer Wong is the president and COO at Aritzia, an innovative design house and fashion boutique that conceives, creates and develops its own exclusive brands, each with a unique vision and. 11_20_cover_final.indd 1 2020-10-09 2:24 pm mba mba with co-op accelerated mba. He's talking. So part of the product expansion, some of these initiatives may be eCommerce only and there's a lot of pure plays out there doing incredible business without any stores. We've done such a good job to extend all other product expansion initiatives. Similar Name to Jennifer Wong. And so really, at the end of the day, we see our customers preparing to pay full price for a product, and we actually see our off pricing, particularly in our stores, initiatives may have been continuing to decrease the off-pricing as it has not seemed to have affected our sales. All rights reserved. Given current market conditions, we have increased our pace of planned repurchases. Just wanted to get your overall thoughts on where we are -- where your customer is and how they're feeling? If you have an ad-blocker enabled you may be blocked from proceeding. And just as a follow-up, I assume that, that impact from expedited freight would be incremental to last year. So the number one thing, as I said, creating the movement quarter-to-quarter is the variance in expedited freight spend timing last year compared to this year. This enabled us to capitalize on the vast majority of our client demand, grow wallet share and deliver exceptional results. Wong was 18 years old when she started working as a part-time sales associate at Aritzia in 1987. And so what we're seeing in, for instance, with our product expansion is we have a wide offering that has a fantastic appeal to our customer, and they're responding well to what we're offering. Working as Aritzias first buyer and retail manager, Wong sharpened her skills in inventory, with a flair for fashion market trends. And so what we're seeing now is getting ourselves back into a position where we feel comfortable with our inventory levels. "We are very well known and loved in Canada," Wong said in an interview. Our new stores are getting bigger. So just sort of curious what that means for the business? Our marketing department cringes when I say this, but fundamentally, Aritzia sells clothes, he says. Now, Aritzia aims to capitalize on other retailers' woes by snapping up choice locations for pennies on the dollar, even as it expands online. Back Submit. And we've seen less of a response -- we've seen less of a dip in our sales prior to going off price, and we've actually seen less of a pickup since we've been off price. He points out that Winners is the No. What makes Aritzia different, says Wong, is that it values its Canadian roots and is commitment to maintaining its unique culture. The Vancouver-based company, which went. But it has been a model of strong execution. I mean, our eCommerce channel, where we're doing more business in eCommerce now than we were at Aritzia when we went public five years ago. Download year list. And Petrie warns an overreliance on influencers could put Aritzias image at risk. Jennifer Wong was born and raised in Hong Kong. { As retail director Georgina McMichen leads the way around the flagship store on Torontos posh Bloor Street West, she also points out the expanded selection of sweats and denim. Related products. In the past Ms. Wong was Senior Research Analyst at DJ Carmichael Pty Ltd. Ms. Wong received an undergraduate degree from the University of British Columbia. Wong believes Aritzias first big turning point was the decision in the 1990s to create multiple in-house brands aimed at different demographics, creating an assortment of fashion apparel to appeal to mum, grandma and daughter, as she once described it. Before that she was vice-president of support operations, manager of a shoe department and astore's assistant manager. It was also the year that Vancouver native Jennifer Wong started working at clothing retailer Aritzia. And as we've mentioned in many calls and many Q&As, we're managing our supply chain costs and our product costs and all of the inflationary costs that we're seeing as tightly and as closely as possible. Five years ago, she also became president. It 38 years at the helm of the clothing chain, the founder of Aritzia steps down as CEO. And once again, I'm in this every day, and Todd and I have been having the most meaningful discussions we've had on inventory probably ever and as well as Jennifer and the three of us have been having these discussions. We now expect gross profit margin to decline up to an additional 50 basis points for the year to approximately 100 to 150 basis points down compared to last year, reflecting higher-than-expected inflationary pressure. And then as I said, in Q4, we're anticipating that we have the opportunity to move slightly positive from a gross profit perspective. But from an increased perspective why we went from 100 to 150, we're just seeing higher inflationary pressure really across a lot of lines of the P&L and specifically as it relates to gross profit, product costs, logistics costs and even labor at our distribution centers. This article was published more than 2 years ago. Of course, Aritzia isnt the first Canadian fashion retailer to make tracks in the U.S. And then we're obviously monitoring our usage as well. We're not even convinced at this point in time, we're going to offer intimates and swim in our stores. As an example, Aritzia Inc. founder Brian Hill rejected Jennifer Wong's utility when she initially utilized for a job on the girls's attire firm to be a mode adviser that's, a . There are 2 executives at Aritzia getting paid more, with Jed Paulson having the highest compensation of $2,449,610 . Demand for our much-loved Everyday Luxury experience from new and loyal clients has continued to exceed our highest expectations. Yet Hill, then CEO, and Wong, then president, led Aritzia to record profits in 2022 of $157 million. And so rather than being sort of -- Todd, I can't remember what the numbers you just said, our sales were up around 70% and our inventory was up 20% or 30% or whatever those numbers were, we don't just want to get up to 70%. Wong oversaw the engineering of new processes at the distribution centre to allow it to continue supplying online orders, with health personnel on-site and employees working in pods so if someone became ill, only that group was affected. Wong explains the growth of Aritzias e-commerce: Upon the closure of our boutiques, we took immediate action to drive e-commerce revenue, adjusting our product, marketing and operational strategies appropriately. But as far as the other inflationary pressures, we're anticipating that those will remain for the rest of the year. So we're looking at these expansions as necessary square footage is just to fulfill the existing demand we have from our consumers. She started as COO in 2007. For the first quarter, we generated net revenue of $408 million, an increase of 65% from last year. In addition, it sells its products through online at aritzia.com. How much is for product versus other services, dressing rooms or cafes? This leverage more than offset approximately 500 basis points of erosion from the use of expedited freight as well as inflationary pressures. Her plan was to make some extra cash while she studied economics at the University of British Columbia. Today, Aritzia is hitting all the right notes, a testament to the power of selling a trendy product at an attainable price, in elevated yet always inviting store environments. And I think you've already heard Brian mention it that we are investing in our proven sellers that are going to drive our business in Q3 and Q4 and also potentially in Q1 of next year. That was probably two weeks ago and asked if we had, and I was quite political in my response because we had not seen any decreases in our sales and our customer activity whatsoever. In addition, our retail revenue in the first quarter was $288 million, an increase of 101%. You may disconnect your lines. As we continue to respond to client demand and the challenges of the global landscape with flexibility, we are also investing in our business for the future. And then so now, Michigan is not -- and the size of Michigan is not related to that. Jennifer Wong, who began her career at Aritzia as a style advisor in 1987 and worked her way up the ranks, became CEO in May. With stores closed, Wongs bigger worry was demand, so the company veered hard toward e-commerce. I have never made it on time to a Christmas Eve function with my family, once. You are here: Home 1 / Clearway in the Community 2 / Uncategorised 3 / jennifer wong aritzia husband. As the Pres, COO, and Corp. Sec. By evening, the decision was made: We had to close all the stores in an abundance of caution, Wong recalls. (The company even has a mens collection for the first time in 36 years, after the celebrity-driven puff coat craze spilled over the gender line.) Aritzia was startedinside the Hill familys80-year-old department store in Vancouver. In 1985 Club Monaco moved south, but was eventually sold to the American company Ralph Lauren. Okay. So it's -- we feel extremely comfortable with where we're at right now. She had an ability to cut out the noise and eloquently share an opinion, he says. Jennifer Wong is the Pres, COO, Corp. Sec. I had a friend call me who is in the business from -- in the U.S. to ask -- to say they had seen some softness for about four weeks. Aritzia has long been a closet staple for the fashion-conscious, attracting everyone from 14-year-old girls after its signature TNA leggings, to the stylish over 60s. Aritzia executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. 2022 Women of Influence.All rights reserved. I will now turn the conference over to Beth Reed, Vice President, Investor Relations. So we were at an extremely low level last year. Jennifer L. Wong, MD. One of the initiatives Wong is most proud of is implementing a SAP enterprise management system in 2007. Sorry, Mark. Combination of our geographic expansion and beautiful product collections continued to fuel our brand awareness and client acquisition. Propelling our business forward has not come without its challenges. As Jennifer mentioned, we're going to be looking into the U.S. We're going to be looking into eCommerce. And of course, I thank you to our clients and shareholders for their enduring loyalty as we chart our path forward on this incredibly exciting road ahead. Jennifer graduated from . 2,088 records for Jennifer Wong. [Operator Instructions] The first question is from Mark Petrie with CIBC. And I think we've been doing this now for almost four decades, and there's been a number of different economic cycles in the last four decades. Our business model continues to enable us to provide our clients with beautiful products for all aspects of their life. "I feel my best after a really good cardio workout. A Vancouver native, she had planned to pursue finance upon graduating, but Aritzias CEO, Brian Hill, had other ideas. Sorry, I would just add something. Jennifer Wong is currently Chief Executive Officer at Aritzia - View - Aritzia org chart Set up your alert to follow the career of Jennifer Wong. But both Jennifer, Todd, myself, and then obviously, our product teams are weighing in on this and where we're analyzing it and taking it on a day-by-day basis. "The funny thing is, being at Aritzia has far exceeded any career aspirations I could have imagined," says Ms. Wong, noting she was inspired to study finances by her father, a banker and her mentor. "I hadn't even finished my last year exams," Wong explains, her role evolving to key holder and then assistant store manager while she was still studying economics at the University of British Columbia. Join us in celebrating our newly appointed Chief Executive Officer, Jennifer Wong.. Aritzia is a woman-powered business, with 80% of our leadership positions being held by women. In Canada, we also saw strong sales in our comparable boutiques and benefited from the contribution from the reopened boutiques in Eastern Canada that were closed for two-thirds of the first quarter last year. The COVID-19 crisis has borne out the wisdom of Aritzias omnichannel strategy. All rights reserved. This is certainly a time for everybody to listen and learn, and take action as a result of that. Im usually the boring one who has to say, Id never wear that. Hill and Wong have established a clean division of duties. When we made the decision to close our stores in the middle of March last year, the first thing that was top of mind for us, was our people, Wong shares. Or do you sort of start at the flagship and then go to eCommerce and then see how clients respond before offering it more broadly? It's Brian. Aritzia is a very important part of my life, says Wong. Which could just as easily describe the appeal of a certain, increasingly ubiquitous, clothing store. I havent had to go anywhere for career challenges or opportunities, she says. We work hard to create opportunities for young women to join the workforce and gain skills to grow in multiple career paths because championing, supporting, and growing women in leadership and across all levels of our organization is core to our beliefs., Tasha Tilberg with her twins, wearing the Cause Mom collection, a unique collaboration with Cause We [+] Care, Photo Credit: Courtesy of Aritzia. Thanks so much for that color. We were planning for a lot worse. But the recent resurgence of the virus makes it clear the pandemic isnt over, which could mean more emergencies ahead. So when we say that real change starts from within, we believe that we can impact change most by starting with the 4,000 people that are at Aritzia., We are optimistic about the future, Wong states. window.mc4wp.listeners.push( Meaghen, I'll take that one. Jennifer Wong is 49, she's been the President, Chief Operating Officer, Corporate Secretary, and Director of Aritzia since 2016. Know. And I'm just curious like how much visibility do you have into those movements? On the southeast corner of Broadway and Spring in New York Citys stylish SoHo neighbourhood is the Canadian clothing store, Aritzia. So we're balancing that. by | May 25, 2022 | buvette nyc reservations | american cancer society 40 mile challenge 2021 | May 25, 2022 | buvette nyc reservations | american cancer society 40 mile challenge 2021 "Aritzia has a lot of great brand equity. This is a beautifully structured coat with a wrap silhouette and a cozy collar that can be worn up or down. I am currently a fourth year health science student at the University of Western Ontario. Are you seeing any mix shift? A year from now, Canadian apparel retailing will look exactly the same as it did a year ago, and the COVID period will be viewed as a bad dream. While consumers might make fewer trips to malls, clothing is less vulnerable to the e-commerce shift than sectors like groceries because its not a commodity. Wanda Costen is leading change in business education. Wong has been president and COO at Aritzia. Clearly, you guys are feeling cost inflation and many of your competitors even more so with less revenue growth to be able to offset it. There are 2 executives at Aritzia getting paid more, with JedPaulson having the highest compensation of $2,449,610. While Todd will provide you with our detailed financial results, I am pleased to share that we delivered net revenue of $408 million in Q1, an increase of 65% from last year, led by our business in the U.S., which continued to accelerate at a phenomenal pace, increasing 81% from last year. Jennifer Wong CEO Aritzia Jennifer Wong is CEO of the Vancouver-based retailer Aritzia Inc. She has executive oversight of a broad portfolio that includes e-commerce, people and. She served as an executive sponsor to several successful strategic initiatives, most notably, the launch of our eCommerce business (2012), implementation of our enterprise resource planning system (2008), relocation of our distribution centre (2008) and our . Brian was answering the question, but I don't know if we can hear him. I run the fashion; she runs the business., During the fateful ides of March, that business faced a catastrophe. To motivate her staff, she is less inclined to offer advice on how they can take their career to the next level, than to act as an example of whats possible. unlock your potential with a degroote mba emba blended learning part-time mba Over the course of Jennifer Wong 's tenure with Aritzia, the company has grown from a Canadian retail operation to an internationally recognized name with a successful e-commerce store and a continually growing U.S. presence.. Its a big buzzword in retail, says Harris, but you can count who does it well on three or four fingers. Since reopening most stores in May, the retailer has continued to keep its digital and bricks-and-mortar businesses in close synch. Turning to our outlook. That's great to hear and very helpful. So far, says Mark Petrie, an analyst with CIBC World Markets, Aritzia has shown admirable discipline in making the most of its strengths: a multibrand approach, vertical integration that makes it less vulnerable to supply-chain tangles, and affordable luxury positioning in a world of fast f. One of the hardest things to pull off in the apparel industry is consistency, says Petrie, and Aritzia approaches things in a very methodical way.. We look forward to sharing our long-term targets with you at our upcoming Investor Day. The That's where the big opportunity is and that's where we're really excited. To date, its actions include donating $100,000 to Black Lives Matter and the National Association for the Advancement of Colored People (NAACP); implementing mandatory training and education on systemic racism, racial inequality and social injustice (courses are required for all current and future members of the team; the education covers conscious and unconscious bias, micro-aggressions, stereotypes, inclusive language, privilege, effective ally-ship, and more). Aritzia secured its New York Super Puff pop-up location, for example, at less than 30 cents on the dollar compared to a few years ago. 31 posts. Open Your Heart. In Q1, we formed our Environmental and Social Board Committee to oversee how we can continue to accelerate the positive impact we are making through our operations, policies, programs and initiatives. And what are the biggest things that may cause gross margin to potentially come in better or worse than expected? I mean I think that's a multimillion-dollar question. And even our largest stores can only hold 50% of our product at this point in time. They will require some capital, but we actually foresee our sales increasing. It is our responsibility and more important than ever that we continue to prioritize our commitment to our people and planet. And then so there could be savings there. Good afternoon. It didnt lay off any staff, instead shifting many to help with e-commerce and call centre operations. It's known for its retail mix, including a substantial roster of luxury brands. What are some additional names or alternative spellings that users use while searching for Aritzia? At risk next connection takes you winners and losers over the past six months has been a model strong. First-Ever swim collection, Cause Mom, in time for everybody to listen and,!, COO, and risks sells its products through online at aritzia.com less. Of Luxury brands extremely low level last year easily describe the appeal of certain. 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