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HARRINGTON JACKET MENS CLASSIC RETRO SCOOTER 1970'S VINTAGE BOMBER MOD COAT TOP . Our marketing department cringes when I say this, but fundamentally, Aritzia sells clothes, he says. We're monitoring it on a daily basis. When the pandemic hit, the company couriered clothes to models to photograph at home and moved stock from stores to the distribution centre. We focused on enhancements to our eCommerce and Concierge dashboards. At the retailers behest, some also went into social media overdrive, which has been growing increasingly important to the retailer as it makes inroads stateside. Customers will need more reason to visit stores, says Petrie. BY DARLA MURRAY On the southeast corner of Broadway and Spring in New York City's stylish SoHo neighbourhood is the Canadian clothing store, Aritzia. ", During what little free time she has, Ms. Wong loves to hit the gym. She has been instrumental in accelerating our growth and will lead Aritzia in capitalizing on the incredible opportunities we see ahead. The success of our geographic expansion strategy builds on our already flourishing boutique portfolio and positions Aritzia for continued growth into the future. That helps them be nimble in periods of market disruption, particularly through COVID, says MacLeod. So that's what we're looking at doing, and we're super excited about it. Strategic real estate choices have also always been important to the brand, and Aritzia is growing in that realm and making power moves. She has a creative writing PhD on Chinese diaspora poetry at Oxford Brookes University.Wong is the author of the poetry collections Letters Home (Nine Arches Press 2020), which was the PBS Spring 2020 Wild Card Choice; Goldfish . One of the amusements of Zoom-enabled remote working has been the chance to peek inside the private lives of colleagues: a bold wallpaper choice here, a child barging in there. This success can be attributed to sharp marketing and brand awareness, able to leverage sightings of public figures and celebritiessuch as Sophie Trudeau, Meghan, Duchess of Sussex (single-handedly responsible for selling out entire product lines), the Hadid sisters, and Hailey Bieberwearing their clothes. Hello! In Q1, we advanced our channel reporting as well. Get 20 FREE Email lookups. Before that she was vice-president of support operations, manager of a shoe department and astore's assistant manager. The company offers its products under the Wilfred, Babaton and TNA brands. And I know, Brian, you gave some color around the fact that these category extensions may not be needle movers. We do not need jerk react to short-term pressures or transitory pressures and that's why we're holding firm in terms of our pricing strategy. Her polished demeanour was apparently in evidence even when she was a teenager. And so we're anticipating that, that may change over the back half. Wong was 18 years old when she started working as a part-time sales associate at Aritzia in 1987. Outside brands like Levis make up less than 10% of its sales. Really nice to see the strong momentum and the strong demand continuing. Jennifer Wong COO Aritzia LP. But so far, right now, we are not seeing any changes in consumer patterns or behaviors. })(). Its famous neighbours include fashion industry powerhouses like Prada, H&M and Bloomingdales. The Vancouver-based company, which went public in 2016, says. The size of Michigan is related to the success of our larger stores in Canada and the U.S. We have a 20,000 square foot store in Toronto that's exceeding our expectations. In 1987, U2's Prior to her current role, Ms. Wong served as President & Chief Operating Officer for seven years as part of her overall 35-year tenure at Aritzia. Get Contact Info for All Departments. In terms of pricing and what we're seeing out there with inflation, we're getting this question a lot. He's still Aritzia's biggest shareholder with nearly 19 percent of the equity and also controls about 70 percent of the voting power. In Q1, we reached the 50 people milestone on our data and analytics team. So we're looking at these expansions as necessary square footage is just to fulfill the existing demand we have from our consumers. We also continued to focus on uplifting and empowering our communities and all the people we serve. And I think that's proven. And so therefore, obviously, the first half of this year, we're lapping a period where we didn't spend significantly. Her first big success was managing the Dr. Martens craze, working directly with the British factories to keep the iconic boots in stock. I'm Leeza (she/her). She was recognized as one of Canadas Top 40 Under 40 (2008). Similar Name to Jennifer Wong. It does so through three pillars of impact: poverty alleviation, mentorship and job readiness. Aritzia says founder and chief executive Brian Hill is stepping down from the role after leading the clothing retailer for 38 years. Yes, I'll take that. Meet Jennifer Wong, Aritzia President and COO, and here's how she proves that impact and innovation leads to retail success:. forms: { 1,039 Followers, 784 Following, 31 Posts - See Instagram photos and videos from Jennifer Wong (@jennwongg) jennwongg. Social media is one of many vehicles, but in the fashion business, its an important one. When Meghan Markle, Duchess of Sussex (whose stylist has a connection to Aritzia), was photographed in a Wilfred Cocoon coat, Aritzia team made sure the world knew it, and the line sold out. She joined Aritzia as a style advisor in 1987, according to her LinkedIn page. 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. And the firm's stock doubled in value during the pandemic years 2020 and 2021. We're hoping that we're also going to get margins and some -- a little bit of leverage to offset some of those inflationary pressures as well. "Aventura Mall is one of the top shopping centers in the U.S. For the year, we are expecting between 250 and 300 basis points of pressure from expedited freight. Is this happening to you frequently? Get Contact Info for All Departments. Thank you. Our buyers started to recognize that there were opportunities in the marketplace that they werent finding with these third-party brands, she notes, adding that at the time, only five per cent of all stock were in-house brands. "Retail is seven days a week; we're only closed one day a year," says Ms. Wong, who is married. Looking for somebody else's email? With that, Shah, please open up the line for questions. And these aren't just the flagships we're looking to expand. Presently, we're repositioning three in Toronto from sort of 4,000, 5,000 feet up to 15,000, 20,000 feet. We are cautiously optimistic about our outlook for the remainder of fiscal 2023. As of November 28, 2021, the company operates approximately 105 boutiques. 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. As the President, Chief Operating Officer, Corporate Secretary, and Director of Aritzia, the total compensation of Jennifer Wong at Aritzia is CAD$1,224,000. We're getting good TI packages and everything else. Aritzias website, launched in 2012, was more than two years in the making. As consumer tastes shift and lifestyles change, a multibrand strategy mitigates the risk, says Hill. Aritzia employs 4,617 employees. Date Download. On the southeast corner of Broadway and Spring in New York Citys stylish SoHo neighbourhood is the Canadian clothing store, Aritzia. Thank you. In recent years, it expanded several flagships, adding coffee shops where style advisers can grab drinks for clients and larger fitting rooms with couches for shoppers' entourages. Inventory was $299 million at the end of the first quarter, up 81% from last year. Search. Vancouver fashion retailer Aritzia Inc. (TSX:ARTZ) has appointed Jennifer Wong as CEO, while current CEO, Brian Hill, becomes executive chair. With stores closed, Wongs bigger worry was demand, so the company veered hard toward e-commerce. But to be an effective leader you have to have other influences and other inspirations. For Wong, those are her husband and 18-month old son. Wong even uses a Canadian-themed metaphor to describe their choice in real estate, calling the stores SoHo location centre ice in the fashion world. The boutique boasts rustic wood panels and vintage chandeliers giving it a cabin-chic feeling, while the extremely helpful retail staff oozes with a friendliness thats purely Canadianbecause many of them are. Jennifer Wong is currently Chief Executive Officer at Aritzia - View - Aritzia org chart Set up your alert to follow the career of Jennifer Wong. As a fashion brand that is leading with empathy, action and innovation, and an optimistic story in the retail landscape, Aritzia is experiencing success by doubling down on a formula that is working. We plan to continue to leverage our strong balance sheet to make strategic investments to drive sustained profitable growth into the future and deliver meaningful shareholder value. Please send e-mails to the following: Brian Hill, Chief Executive Officer, at [email protected] Jennifer Wong, President & Chief Operating Officer, at [email protected] Then fill out the form below to urge other Aritzia executives to end all alpaca fleece sales immediately. I guess there's two, now Manhattan and now Chicago and they're substantially larger than the stores that you typically build. Aritzia's Jennifer Wong built a fashion empire by leading with style and plenty of substance The Globe and Mail. 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. 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. Jennifer Wong, President and COO of Aritzia, Photo Credit: Evaan - https://evaan.com. Jennifer Wong is President, Chief Operating Officer, . Ms. Wong earned a Bachelor of Arts in Economics from the University of British Columbia. Aritzia Inc. was founded in 1984 and is headquartered in Vancouver, Canada. jennifer wong aritzia husband 21st May 2022 . Day after day, we were figuring out what our next move was going to be., Once the decision was made, they scrambled to put together a communications plan. "In Q2, we made further progress on our path to getting famous in the U.S.," said Aritzia CEO Jennifer Wong on a conference call with analysts Wednesday evening. Selling in our professional and fashion assortment increased as our clients begin to return to the office, social events and travel, all while maintaining our momentum in lifestyle apparel. There are 1 executives at Aritzia getting paid more, with JedPaulson having the highest compensation of $2,449,610. I just wanted to follow up on the gross margin expectation. I think we're having some technical difficulties here. What makes Aritzia different, says Wong, is that it values its Canadian roots and is commitment to maintaining its unique culture. Around the time of the IPO, Wong recalls a TV commentator opining that there was nothing special about its business model; it was just a good executer. I have never worked as hard, she says. A strong e-commerce platform has been the single biggest differentiator between winners and losers over the past six months.. So that's why we've baked in that additional 50 basis points of pressure, and we are starting to see some easing in the -- on the logistics side from a sea freight and an air freight cost perspective and even a little bit on the timing. Strategically, it comes down to our business model. 2022 Women of Influence.All rights reserved. Aritzia Inc., together with its subsidiaries, designs and sells apparels and accessories for women in North America. And then as I said, in Q4, we're anticipating that we have the opportunity to move slightly positive from a gross profit perspective. the magazine for leaders she built a fashion empire by worrying about everything (except the fashion). I always have to be moving the peanut forward, so to speak. As a second wave of COVID-19 threatens to roil retail again, however, even the most painstaking preparations may not be enough. We look forward to sharing our long-term targets with you at our upcoming Investor Day. Is the consumer acting any differently around going out and where to work? So we did not layoff or furlough anyone as it related to COVID-19. (Aritzia currently has approximately 4,000 team members.). And we are pleased with the early results we're seeing in our new boutiques and our new markets. Our liquidity position remains strong with $179 million in cash and zero drawn on our $175 million revolving credit facility. What we're actually looking at is changing the footprints and increasing the footprints of the boutiques because we have such a long broad product experience. } Aritzia Inc. was founded in 1984 and is headquartered in Vancouver, Canada.. 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. 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. "I'm always on. Thanks for that color too Brian. But I guess I just wanted to sort of ask about you've been able to move away from some of your promotions, especially in the U.S. and sort of structurally move higher on gross margin. We delivered gross profit of $181 million, up 66% from the first quarter last year. When this store reopened in May, a two-hour lineup of shopping-starved women snaked around the block, held at bay by a crew of masked staff armed with disinfectant bottles. It's hard to predict at this point. We. We saw a strong eCommerce growth across all regions, except in Eastern Canada, where there was a channel shift to retail as the closed boutiques from last year were fully open this year. Corporate Secretary, and Director of Aritzia, the total compensation of Jennifer Wong at Aritzia is CAD$1,224,000. And just as a follow-up, I assume that, that impact from expedited freight would be incremental to last year. This flexibility is further assisted by the fact that Aritzia buys its own materials, designs its own lines and even shoots its own ads, giving it greater control over pricing and quality, and enabling faster adaptation to trends. So we started, in Q3, spending significantly on expedited freight last year. 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. 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. They also launched their first paid Instagram campaign with Kendall Jenner in October 2018. (Spoiler alert: Wong will be responsible for launching an e-commerce site later this year.). Aritzia was startedinside the Hill familys80-year-old department store in Vancouver. Aritzia's fiscal 2022 profit was up by more than eight times: to $156.9 million from $19.2 million. Company Overview. 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. 31 posts. She rose through the ranks from assistant store manager, to manager, to vice-president of operations. So there's a large timing shift, which is what's causing the variability quarter-to-quarter. Hundreds of retail employees re-ceived remote training on the concierge platform, its live-chat features and email marketing. Email Address * Country * We opened three new boutiques in the quarter to a tremendous client response, two of which were in new markets, Las Vegas and Miami. And I'm just curious like how much visibility do you have into those movements? Learn about their Apparel & Accessories Retail, Retail market share, competitors, and Aritzia's email format. No wonder: shes been with the company since 1987, when she joined the Robson Street store as a seasonal style advisor. He invited me to basically run the shoe division for retail, she says of Hill, who founded Aritzia in the basement of his familys longstanding business, Hills of Kerrisdale, in 1984. And if I could just add something there. It's a journey through our experience, it's not just something one-dimensional experience for them. Aritzia Inc. (OTCPK:ATZAF) Q1 2023 Earnings Conference Call July 07, 2022, 04:30 PM ET Company Participants Beth Reed - VP, IR Jennifer Wong - CEO Todd Ingledew - CFO Brian Hill - Founder. 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. Jennifer Wong Its critical to note that this is merely the beginning the brand knows it has a lot of work ahead. I was just hoping you could do a little more handholding on the inventory growth. Leisurewear is selling a lot more.. Currently, Jennifer Wong holds the position of President, CEO, COO, Secretary & Director at Aritzia, Inc. and President & Chief Operating Officer of Aritzia LP (a subsidiary of Aritzia, Inc.). And then, Todd or Brian, if you can get your audio going, we'll have you jump in. I just sort of -- lots of great ground you've covered so far. callback: cb We have one in Winnipeg. I think it's great. Aritzia Inc. is a Canada-based company, which is a design house and fashion boutique. Is. Just with the success on the very strong demand that you're having in the U.S. and with strong productivity from the new boutiques that you're building, is it changing your longer-term perspective on the U.S. market and just how big that could be for you and maybe the potential number of boutiques that you might open there over the long run? What's going to drive our sales and continue to -- what's been driving our sales and will continue to drive our sales are us executing on what we do every day. . And while our business is exceptionally good and continues to be exceptionally good, we are, as I said, monitoring very closely for any signs. 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. Ordering Dr. Martens directly from the factory in England, she recalls, made Aritzia one of only five retailers in Canada to do so. Excluding this region, eCommerce grew 25% in the quarter, reflecting growth in traffic from new and existing clients. Demand for our much-loved Everyday Luxury experience from new and loyal clients has continued to exceed our highest expectations. & Non-Independent Director at Aritzia. any notable changes in behaviour," Aritzia CEO Jennifer Wong said . Julianne Moore Shines A Light On The Nuance Of Social Justice Work In A New Film From Jesse Eisenberg And Emma Stone, Heineken USA CEO Maggie Timoney On Increasing Inclusion In The Alcohol Industry, How To Develop Your Authentic Leadership Brand, Animator Momo Wang Used Her Tuzki Success To Catapult Her Career In Animation, How This Scrappy Entrepreneur Built Her Business By Creating The Perfect Collaborative Space, Mental Health In The Workplace: Predicted Trends For 2023, For 50 Years The Alliance Of Resident Theatres/New York Has Been Devoted To Help Nonprofit Theaters Make Their Art. Our whole marketing objective is to get famous in the U.S., says Hill. I mean I think that's a multimillion-dollar question. But Jennifer Wong has given little away because shes been in the office almost every day since the lockdown started, co-ordinating Aritzias pandemic response. Aritzia has never been stronger or better positioned for the future. Jennifer Wong she/her. Can you just give a bit more color behind the change in the fiscal '23 gross margin guidance? (Super World LA is slated to open later this year.). Fatal Attraction came out, and radio stations were playing Madonna's And so we're looking at that. Theyre not going to be sitting on obsolete inventory if they miss a season., Calibrating trends is not Wongs domain, she admits. Her plan was to make some extra cash while she studied economics at the University of British Columbia. With every major initiative she took on, she had no direct previous experience, yet she was entrusted with leading it. Jennifer served as Chief Operating Officer and President, Chief Operating Officer and Secretary for Aritzia. Photographed by Eric Soltan - [+] https://www.ericsoltan.com, The Super Puff pop-up shop, which is an immersive pop-up environment that opened in December 2020 in SoHo, is aptly named Super World. Jennifer Wong: Chief Executive Officer of Aritzia: Director; Corporate Governance Documents. Leave this field empty if you're human: The company offers its products under the Wilfred, Babaton and TNA brands. But whether we're going to sell it now or not, that has not -- is yet to be included. 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. In addition, one of our board committees oversees governance and diversity, which includes consideration for female representation both on our board and in senior management positions. 210 . Current Issue. She describes her job as whatever Brian wants to do, wherever he wants to go with this businessI make it happen, quickly adding, with the team. MacLeod is more effusive. Aritzia. [Operator Instructions] The first question is from Mark Petrie with CIBC. I think it's starting with last year is probably the right place to start when you look at the year-over-year growth. 85% of our employee base is made up of women, including 67% of our Aritzia Leadership Team; three of six executive officers are female; and 98% of our retail management team are women. While she admits that the hours can be gruelling, she doesnt subscribe to the clich work to live, live to work. Yes, we're going to have a bit more food and beverage than we've had in the past because we think the experience for the customer, that's important. We're monitoring the challenges of supply chain, labor and inflationary pressures very closely, maximizing our position to deliver Everyday Luxury for our clients today and tomorrow is our top priority. Aritzia's net income of $70.7-million for the third quarter of fiscal 2023 was an increase of 8.9% from a year earlier . We're going to see that inflationary pressure on the products coming in. As much as real estate is a priority for Aritzia, the brands digital footprint is also a critical part of its strategy. We would refer you to our most recently filed management's discussion and analysis and our annual information form, which include a summary of the material assumptions as well as risks and factors that could affect our future performance and our ability to deliver on these forward-looking statements. Our business in the United States accounted for 51% of net revenue in the first quarter compared to 46% last year. 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. } ", There's no denying the job is demanding. It's known for its retail mix, including a substantial roster of luxury brands. And as always, we put our people first. At the buzzing Vancouver headquarters, the airy and bright interior contrasts with Wongs impeccably cool gym attire, an all-black matching affair boasting the companys on-site fitness centre branding. Dylan, I'll take the beginning of that. Are you seeing any mix shift? And like we've said, there's no indicators right now -- for right now that we're seeing any change in that. Ms. Wong embodies Aritzia's culture, championing the business and leadership philosophies. In Q2, we're entering new markets. SIGN UP FOR OUR THURSDAY NEWSLETTER. There are 8 older and 2 younger executives at Aritzia. Wong has been president and COO at Aritzia since 2015. I just wanted to ask on the state of the consumer. And can I add something there, too, please? 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). 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? The arrival of the fall lines is something of a relief, given the spring and summer seasons were largely cancelled by the pandemic. pbs facing death documentary summary; burning american flag emoji copy and paste; cute names for a stuffed squid; unreal engine console commands; what does ashley mean; pheasant run apartments lafayette; They continue to navigate the ongoing headwinds of the global landscape to deliver for our clients and our business. Wong embodies Aritzia's culture, championing our business and leadership philosophies. Our team is performing extremely well. Thanks for that. We were especially excited about launching our more sustainable styles page. A wall of windows overlooks the Port of Vancouver. We also partnered with Stonewall to launch our proud today, Pride For Ever Campaign. Thanks, Jennifer, and good afternoon, everyone. (Page 3) Yet Hill, then CEO, and Wong, then president, led Aritzia to record profits in 2022 of $157 million. 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. But it was the decision to vertically integrate in the 1990s that, she says, led to the brands high retention rate. Perhaps the embodiment of the Aritzia brand, Wong is effortless, fashionable, and poised. Client demand is showing no signs of letting up across all geographies and all channels. They spent all Saturday huddled in discussions and on calls with the board. This improvement was achieved primarily from leverage on occupancy and warehousing costs that was amplified as we lapped the boutique closures from last year. The only thing we've seen changing is the product they're purchasing based on the sort of changing face in realities of COVID and opening things up and travel and things. And so by covering many different categories across different brands and different occasion sets and different segments of our market, we have an offering that is resonating really well with our customer. Great. What could change? A long-term shift toward more casual clothing may permanently impair its Babaton and Wilfred labels. Team Members. The continued momentum in the United States drove net revenue of $207 million in the quarter, an increase of 81% from last year. So we're pretty excited about the next few years of these flagships. ", Follow us on Twitter: @globebusinessOpens in a new window. It also partnered with Good360, the global leader in product philanthropy and purposeful giving, to gift Aritzia Community Relief Packages to those battling on the virus frontlines. On Twitter: @ globebusinessOpens in a new window Wong has been the single differentiator... Wong said curious like how much visibility do you have to be an effective leader have... 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Recent resurgence of the virus makes it clear the pandemic hit, the company couriered to. But whether we 're having some technical difficulties here Spoiler alert: Wong will be responsible launching... At that something there, too, please for 38 years 46 % last year. ) neighbours fashion... The U.S., says Hill seeing in our new boutiques and our new boutiques and our boutiques. The single biggest differentiator between winners and losers over the back half delivered gross profit of $.... Offers its products under the Wilfred, Babaton and TNA brands cash while she studied Economics at the of! Think we 're looking at these expansions as necessary square footage is just to fulfill existing!

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