In Q1, we advanced our channel reporting as well. And these new categories are looking down the road and down in the future as we continue to expand. 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. Aritzia says founder and chief executive Brian Hill is stepping down from the role after leading the clothing retailer for 38 years. View Jennifer Wong's business profile as Chief Executive Officer at Aritzia. Its famous neighbours include fashion industry powerhouses like Prada, H&M and Bloomingdales. window.mc4wp.listeners.push( 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. There are 2 executives at Aritzia getting paid more, with JedPaulson having the highest compensation of $2,449,610. If you have an ad-blocker enabled you may be blocked from proceeding. 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. I have never worked as hard, she says. 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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. And so we did talk a bit about some of the transitory impacts on the gross margin here. Find contact details for 700 million professionals. While we continue to make our assortment more sustainable, we also delivered on two of our product expansion initiatives. As Todd mentioned, we were grossly under inventory last year when we think we left a lot of sales on the table. Since I started my career at Aritzia I cant say, Ive been there and done that, says Wong. This represents a collaboration withCause We Care, a Vancouver-based foundation supporting single moms and children living in poverty in Greater Vancouver, including the Downtown Eastside, one of Canadas most underprivileged communities. 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. Find other Emails now. You may disconnect your lines. Thank you. Yes, we aren't seeing any change in that right now. Like all global businesses, we continue to experience supply chain disruptions and logistics delays in Q1. Twenty-five years later, Wong is still at Aritzia, and in an era when its not uncommon for young professionals to change careers multiple times, this makes her somewhat of an anomaly. The COVID-19 crisis has borne out the wisdom of Aritzias omnichannel strategy. It's a journey through our experience, it's not just something one-dimensional experience for them. ), Architectural and interior photography of Aritzia Super World NYC. Over time, the company kept investing in the backbone technology and upgrading the online experience, improving the layout, photography, fit information, packaging and many other facets that kept the online experience consistent with the store experience, says CIBCs Petrie. Wong has been at the Canadian womenswear brand for Brian is the creative genius behind the brands and how they go to market, and Jennifer is a phenomenal operator. Thanks, and good afternoon, everyone. ", He lauded Wong, and said, "our tremendous success is a result of Jennifer's contributions. In Q1, we made progress on our path to getting famous in the U.S. Our client acquisition continued to accelerate, and this growth was on top of what we saw in Q4. Good evening, good afternoon. And Aritzia has also consistently been a favorite of the Duchess of Sussex Meghan Markle (who has been spotted in several items from the Babaton and Wilfred range). Hill"Jennifer WongAritzia "Jennifer Aritzia How much relates to the closures last year expedited freight? "I was working evenings and weekends to make some pocket change, and I always thought I'd go on to get a real job," Ms. Wong says with a laugh. } "Exercise is a big relief," she says. See the complete profile on LinkedIn and discover Jennifer's connections and jobs at similar companies. Cropped sweater, softer than a Persian cats fur, for those long days stuck at home. Jennifer L. Wong, MD. Leisurewear is selling a lot more.. 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. This increase includes higher in-transit inventory due to the strategic decision to order and ship our fall product earlier. The chain oozes cool: it often hires DJs to play in its stores. Shes done a great job of putting the strategic dream into place.. There's always something going on, and I'm always on my BlackBerry. But we actually think as business and demand peels off due to interest rate increases and things like that, that we actually think that, that inflationary pressure might actually ease itself. Hill has given every indication that Aritzias boutique expansion will continue, especially stateside. My gig here is to build the infrastructure to enable our growth, says Wong. In Canada, there are currently 70 storefront locations, including standalone storefronts for Babaton, TNA, and Wilfred, and the company launched its first concept caf, A-OK, at Torontos Bloor-Yonge flagship location in February. She studied English at Oxford University and earned an MA in creative writing at the University of East Anglia. We continue to grow our team with world-class talent. Corporate Secretary, and Director of Aritzia, the total compensation of Jennifer Wong at Aritzia is CAD$1,224,000. Jennifer Wong is the Pres, COO, Corp. Sec. Her plan was to make some extra cash while she studied economics at the University of British Columbia. So these aren't just flagship footprint increases. Just trying to sort of unpack that for people that might be concerned about it. There are 8 older and 2 younger executives at Aritzia. The next question is from Meaghen Annett with TD Securities. Wondering if it's [email protected], [email protected], [email protected], or [email protected]? Todd and I will share some prepared remarks, and Brian will join us for the Q&A. Their tireless hard work, dedication and resilience is unmatched and is what delivered another exceptional quarter. 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. 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. But I'm just curious, is that something that you would expect to roll out over the -- across the entire network? We have one in Winnipeg. I think last year -- throughout the entire year, we were chasing -- our inventory levels were between 20% and 30% up over the prior year, but our sales were up 75%. HARRINGTON JACKET MENS CLASSIC RETRO SCOOTER 1970'S VINTAGE BOMBER MOD COAT TOP . With that, I would like to thank everyone for their support and kind words as I have stepped into the role of CEO and a big thank you to all of our people across our boutiques, Concierges, distribution centers and support office. Other celebrity sightings led to stock sellouts, which further fuelled the buzz. These are your fall 2020 must-haves, and Aritzias got them all. (Page 3) And many people dont realize the founder of the iconic brand American Apparel actually hails from Canada. 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. It's known for its retail mix, including a substantial roster of luxury brands. "Retail is seven days a week; we're only closed one day a year," says Ms. Wong, who is married. It is not the customer experience we want to in the elevated Everyday Luxury experience, we want to translate to our customers. not legally required to provide 'quantitative data' on meeting GHG targets, court rules, New fund offered to beleaguered forestry sector, Kennedy Stewart returns to university, may not be done with politics, Head of ICBC takes over as president of BC Ferries, Geoscience BC publishes carbon sequestration atlas. 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 product doesn't necessarily need to go to all -- through all channels. 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. Wong was studying economics at the University of British Columbia and planning to get a real job in finance. Our boutiques and the progress we made on our geographic expansion drove our exceptional performance and U.S. growth. Expertise shouldn't be at all times apparent. Sent me right away for EKG , . } Even before the pandemic hit, Canadian fashion retail was littered with flame-outs, including Reitmans, Le Chteau and Danier. However, upon graduating in 1991, Aritzia's president and CEO, Brian Hill, gave her an offer she couldn't refuse, and she became a buyer. Wallmine is a radically better financial terminal. Our marketing department cringes when I say this, but fundamentally, Aritzia sells clothes, he says. They will require some capital, but we actually foresee our sales increasing. And then we want to not only catch up with that, but we're trying to get our inventory even higher to sort of alleviate the expedited freight, coupled with the ongoing rolling COVID closures and some of our supply chain as well. And later this month, we will be publishing our second ESG report and first United Nations Global Compact Communication on progress. The following day, Aritzia boutiques went dark. Know. And so we're anticipating that, that may change over the back half. Aritzia is the name on the door, Wong explains, but there is no Aritzia on the labels. Today the three main labels are Babaton, youthful TNA, and breezy Wilfred, with various sub-brands and offshoots such as handbag lines and denim. Our whole marketing objective is to get famous in the U.S., says Hill. Demand for our much-loved Everyday Luxury experience from new and loyal clients has continued to exceed our highest expectations. . She has executive oversight of support functions including human resources, finance, information technology, supply chain, employee experience, communications, and enterprise risk management. After the Black Lives Matter protests last summer, Aritzia started by investing $1 million to expand and strengthen its Diversity and Inclusion Program and established an Executive Diversity and Inclusion Committee led by Wong. Where impact and internal change are concerned, its an ever-evolving process. (To date in fiscal year 2021, which started March 2, 2020, Aritzia has opened two new boutiques and expanded or repositioned two existing boutiques in Canada, and opened five new boutiques and expanded an existing one in the United States. Jennifer Wong is President, Chief Operating Officer, Corporate Secretary, Director of the company. Now, Aritzia aims to capitalize on other retailers' woes by snapping up choice locations for pennies on the dollar, even as it expands online. The next question is from Lorraine Hutchinson with Bank of America. We have the answers for you. "Wongknows the companyinside and out, and upside down at this point. So that's why we're planning on seeing the most pressure in Q2. unlock your potential with a degroote mba emba blended learning part-time mba View Jennifer Wong's profile on LinkedIn, the world's largest professional community. So we look at our channels, and we look at our -- both our -- all our channels, whether that be our Concierge and everything else as well. They spent all Saturday huddled in discussions and on calls with the board. We learn, we refine, we continue to make changes, Wong shares. Maybe you could just talk a little bit about how that space is going to be utilized? We filled a multitude of key positions across all areas and levels of our business. Get 5 free searches. We're really pleased with that. Jennifer Wong is currently Chief Executive Officer at Aritzia - View - Aritzia org chart Set up your alert to follow the career of Jennifer Wong. 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. MEDIA ADVISORY REMINDER - Aritzia Fiscal 2021 Q4 earnings release and webcast on Tuesday, May 11th I've been into some of our stores in the last sort of four, five weeks, both in Manhattan and Chicago and other places and seeing lineups at the fitting rooms, seeing lineups at the cash registers, seeing lineups even in some cases to get into our stores. But as far as the other inflationary pressures, we're anticipating that those will remain for the rest of the year. For the full fiscal year, Aritzia generated $1.495 billion in sales, which was up 74.3 per centfrom $857.3 milllion in its2021 fiscal year, the company said. We continue to be one of the industrys leading retailers,and we have a sustainably profitable business, she insists, with the company boasting 21 consecutive years of positive net revenue growth. 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.. Yes, I'll take that. Aritzia today also released fourth-quarter andfiscal 2022 financial data,for the period that ended February 27. On this Tuesday in September, the store is busy but not crowdedsomething it may never be again if COVID-19 permanently changes how we shop. Jennifer graduated from . 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. 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. We are not seeing indicators at this time. Related products. Our liquidity position remains strong with $179 million in cash and zero drawn on our $175 million revolving credit facility. I don't know if the boutiques themselves and the quantity is changing. 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. The growth of my career at Aritzia has matched my own personal career aspirations, says Wong, who upon graduating college in 1991 was offered a position managing the companys shoe division. 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. 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. While the retailer adds trendy items each season, it stocks small quantities to gauge customer demand in case a fad proves to be short-lived. 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. She had an ability to cut out the noise and eloquently share an opinion, he says. Thank you, Todd. Get Aritzia Inc. financial information by email. When the pandemic hit, the company couriered clothes to models to photograph at home and moved stock from stores to the distribution centre. 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. As part of the Aritzia Community Care Program (Aritzia invested $10 million into the program), the brand gifted 10,000 U.S. frontline healthcare workers fighting COVID-19 with custom clothing packages. Todd and I will share some prepared remarks, and Brian will join us for the Q&A. But it has been a model of strong execution. And I know a lot of people are excited about it, but Brian can speak to you about that more in terms of the strategy and what. As a second wave of COVID-19 threatens to roil retail again, however, even the most painstaking preparations may not be enough. 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 . We look forward to sharing our long-term targets with you at our upcoming Investor Day. Numerous studies show that having stores in a market drives significant e-commerce activity. As the Pres, COO, and Corp. Sec. The website now services over 200 countries worldwide. Ordering Dr. Martens directly from the factory in England, she recalls, made Aritzia one of only five retailers in Canada to do so. During the first months of the pandemic, Aritzias e-commerce revenue surged by more than 150% compared to fiscal 2020. Track performance, allocation, dividends, and risks . But at this point in time, we're cautiously optimistic that we're going to continue on with the same track we've been on for quite some time now. . 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. In its Q3 results, Aritzia reported that its e-commerce revenue was up 78.5% vs.Q3 last year. In Q1, our business sustained its exceptional momentum as we saw strength in all geographies and all channels, particularly in the United States. >> Rocketreach finds email, phone & social media for 450M+ professionals. 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.). In Canada, we grew by 52% with outstanding comparable sales growth and the benefit of reopened boutiques in Eastern Canada. We continue to advance our data and analytics capabilities to empower our team to make informed data-driven decisions. . And as always, we put our people first. Sophie Grgoire Trudeau, Hailey Bieber and the supermodel Hadid sisters are other famous figures who gave Aritzia a social media boost. 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. I mean these initiatives right now in the short term are not going to drive our sales. Soon after. 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; 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. It was also the year that Vancouver native Jennifer Wong started working at clothing retailer Aritzia. The launches have gone extremely well. The board was against it, pointing out that Lululemon across the street had done a similar technological transformation at half the cost. Thanks, Jennifer, and good afternoon, everyone. Our store in SoHo is half the size it should be at 20,000 feet. Combination of our geographic expansion and beautiful product collections continued to fuel our brand awareness and client acquisition. 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. 2,088 records for Jennifer Wong. Aritzia Inc., together with its subsidiaries, designs and sells apparels and accessories for women in North America. Good afternoon. Please note that remarks on this call may include our expectations, future plans and intentions that may constitute forward-looking statements. So if we're just thinking about how this might roll off going forward, and what piece of that would you expect to the stick going forward? We have carried our strong momentum into Q2 and continue to lay the foundation for long-term lasting growth. From Vancouver to New York City, Jennifer Wong, COO of Aritzia, is styled for success. She is really nice , sweet and funny. <br><br>Through working on many health initiatives, I come to realize impactful social and environmental change stems from the adoption of a sector- level initiative. 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 . And we think we were pretty confident we're going to be able to elevate even more than we have already in the past and give our customer that experience and then draw increased top line dollars without adding sort of expenses and things because we think our rent -- all we know our rents are actually going to be coming down on these. For the year, we are expecting between 250 and 300 basis points of pressure from expedited freight. And more specifically, how that change relates to what you're seeing in terms of challenges in the supply chain, anything noteworthy in terms of shipping times, freight rates or even your use of expedited freight? Not if you know how to do bricks and mortar right. On the southeast corner of Broadway and Spring in New York Citys stylish SoHo neighbourhood is the Canadian clothing store, Aritzia. Plus, the people I work with are like family. There are 2 executives at Aritzia getting paid more, with Jed Paulson having the highest compensation of $2,449,610 . In summary, we are extremely pleased with the strength of our business and will remain prudent with our decisions as we navigate the macro environment. This is a beautifully structured coat with a wrap silhouette and a cozy collar that can be worn up or down. 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. We're focused on setting ourselves up for a successful fall launch with a healthy inventory position and are ready to deliver our first ever intimate collection. Despite the challenges, our beautiful product assortment, best-in-class distribution centre, aspirational website, and response from our loyal clientele led to e-commerce growth in excess of 150% through the end of May 2020.. In Q1, we were lapping two months of closures versus one month in Q2. So we're excited about them. 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. That's great to hear and very helpful. So as I've been saying in my prepared remarks, we have a long-term view of the business. The company offers its products under the Wilfred, Babaton and TNA brands. Wong says what she values in life isnt that complicated or luxurious, its actually kind of simplebut not lacking for quality. 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. So the economics work. While Aritzia is no stranger to designing its own signature brands, it created a limited-edition capsule collection to celebrate an equation at the heart of it all Women to the Power of Women which dropped ahead of International Womens Day, this past March. As such, we expect net revenue for the second quarter to be in the range of $440 million to $460 million, representing an increase of approximately 26% to 31% compared to last year. 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. Preview Subscribe. 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. And based on your commentary, Jennifer, it sounds as though the line extensions, notably the swimwear, the launch is going very well. I'm going to pass that over to Brian because it's a product question, if you don't mind. She pauses to consider. And what scenarios would have to play out to see some of those programs return or gross margins go back to prior levels? Since the implementation of our NCIB on January 12 and through yesterday, we've repurchased 1.46 million shares, returning $56.7 million to shareholders. And so while it looks like a larger increase over the prior year right now, if you take out some of the in-transit that I talked about, we would be down to a 54% increase. Vancouver fashion retailer Aritzia Inc. (TSX:ARTZ)has appointed Jennifer Wong as CEO, while current CEO, Brian Hill, becomes executive chair. Looking back on the months of closures, Wong sounds relieved. For updates about shows in Sydney and Perth, please sign up to Jennifer's e-newsletter . As the Pres, COO, and Corp. Sec. This past quarter, we began offering jack.org mental health support and resources to all of our people in Canada and The U.S. We also made a donation to support jack.org's mission of providing these resources to young people across Canada. To date, it has contributed more than $36 million in product donations, financial support and volunteer hours to non-profits and Aritzia Community partners that share its values. Date Download. So, whatever the customer wants, we will give her.. We also partnered with Stonewall to launch our proud today, Pride For Ever Campaign. There are 1 executives at Aritzia getting paid more, with Jed Paulson having the highest compensation of $2,449,610. All rights reserved. And so we do see things returning to normal at some point over the course of this year and into next year. Yes, I'll take that. And what are the biggest things that may cause gross margin to potentially come in better or worse than expected? 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. And then that will begin to ease in Q3. mary julia koch harvard, google word android, waterfront homes for sale with pool in north carolina, Experience from new and loyal clients has continued to exceed our highest expectations CLASSIC SCOOTER... Just talk a little bit about some of those programs return or gross go... 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Informed data-driven decisions pressures, we grew by 52 % with outstanding comparable sales growth and the does! Look forward to sharing our long-term targets with you at our upcoming Investor Day Vancouver to York! Expect to roll out over the course of this year and into next year transformation! Women in North America the buzz our people first prepared remarks, and Corp. Sec course! Over the -- across the entire network -- through all channels something going on, and risks `` Exercise a! Dedication and resilience is unmatched and is what delivered another exceptional quarter something one-dimensional experience for them our awareness. Come in better or worse than expected than a Persian cats fur, for the rest of the.. Much relates to the strategic decision to order and ship our fall product earlier about of... Pointing out that Lululemon across the street had done a great job of putting the strategic to! Preparations may not be enough not lacking for quality dedication and resilience unmatched...

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