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. And so we're anticipating that, that may change over the back half. The enviable position we are in today is a result of our proven long-term view of the business. Some information may no longer be current. 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. 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. callback: cb We had a terrific start to the year. 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. Last updated: 1 January 2023 at 11:00am EST. But whether we're going to sell it now or not, that has not -- is yet to be included. Strategically, it comes down to our business model. Date Download. But so far, right now, we are not seeing any changes in consumer patterns or behaviors. Wanda Costen is leading change in business education. Right now, the positioning that we have in the marketplace with Everyday Luxury has positioned us given what might be coming down in terms of the environment and what we're seeing with competitors in that we see it being an opportunity. Get 5 free searches. After 33 years, is she not tempted to try something else? But Aritzia, the fourth-largest Canadian-owned womens apparel retailer, has a better chance than most chains of coming out strong, if not stronger. Jennifer graduated from . 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? Is this happening to you frequently? I mean we've always talked about new boutiques and repositioned boutiques. Designed for executives who want to optimize their leadership potential and continue to establish their legacy. You think of fashion as buyers, creative designersall very glamorous on the outside. No Credit Card required. Sitting criss-cross applesauce in a studio in Vancouver's Railtown neighbourhood, Wong, founder of mobile advertising platform Kiip, isn't afraid to act his age. The COVID-19 crisis has borne out the wisdom of Aritzias omnichannel strategy. window.mc4wp.listeners.push( 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. 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. So we're looking at expanding these. Are you seeing any mix shift? Work Biography for Jennifer Wong, Aritzia. While we're encouraged by the trends we're seeing in our data, we continue to remain vigilant as we monitor the ever-evolving macro backdrop. The next question is from Lorraine Hutchinson with Bank of America. 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.). Hello! She started as COO in 2007. And so therefore, obviously, the first half of this year, we're lapping a period where we didn't spend significantly. And nine Canadian apparel retailers have filed for bankruptcy protection so far this year, along with the Canadian operations of seven foreign-owned chains, according to industry research firm Trendex. window.mc4wp = window.mc4wp || { Its fourth-quarter profit jumped113per cent, compared to a year ago, to$34.2 million. Sophie Grgoire Trudeau, Hailey Bieber and the supermodel Hadid sisters are other famous figures who gave Aritzia a social media boost. She never dreamed she'd end up in the position she holds today as the fashion chain's chief operating officer. 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 really pleased with that. In addition, it sells its products through online at aritzia.com. forms: { 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.. There is a tremendous amount going on around us, all of us, and it's a very challenging time for everybody in many different ways. Aritzia Inc., together with its subsidiaries, designs and sells apparels and accessories for women in North America. She became COO in 2007. It didnt lay off any staff, instead shifting many to help with e-commerce and call centre operations. november 2020. There's a Louis Vuitton flagship store in there.". Find Jennifer Wong's phone number, address, and email on Spokeo, the leading online directory for contact information. Yes, I'll take that. Thank you. Ms. Wong embodies Aritzias culture, championing our business and leadership philosophies. Outside brands like Levis make up less than 10% of its sales. Okay. 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 Right, she says, punctuating each word. This included improving our product discovery. So, thank you. For updates about shows in Sydney and Perth, please sign up to Jennifer's e-newsletter . As the Pres, COO, and Corp. Sec. In 1985 Club Monaco moved south, but was eventually sold to the American company Ralph Lauren. And the firm's stock doubled in value during the pandemic years 2020 and 2021. There are 8 older and 2 younger executives at Aritzia. And so what we're seeing now is getting ourselves back into a position where we feel comfortable with our inventory levels. Vegan leather skirt. 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. A core value guiding the brand is its give-back initiative, as evidenced by the work it committed to at the start of the pandemic. As Jennifer mentioned, we're going to be looking into the U.S. We're going to be looking into eCommerce. Aritzia Inc., together with its subsidiaries, designs and sells apparels and accessories for women in North America. Thank you. So we've probably been having more inventory level discussions in the last sort of three to four months than we've had in the last decade, truthfully. The U.S. led that growth where traffic increased by almost 50% from last year. When Brian Hill opened the first standalone boutique in 1984, the idea was simple: offer beautiful clothes in aspirational spaces with exceptional service. Learn about their Apparel & Accessories Retail, Retail market share, competitors, and Aritzia's email format. And ultimately, what we're setting our sights on is ensuring that we keep our eye on the prize for the long-term opportunity. What is the salary of Ms Wong? It is our responsibility and more important than ever that we continue to prioritize our commitment to our people and planet. There were many firsts: our first-ever capsule collection,featuringfor the first time our remarkable Aritzia people,and with 100% of proceeds going to our Aritzia Community partner organizations.. 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. Thank you. Last updated: 1 January 2023 at 11:00am EST. We might be down 10% from the peak is what we're seeing. 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. Thanks great. Jennifer Wong is Chief Executive Officer at Aritzia Inc. See Jennifer Wong's compensation, career history, education, & memberships. And what scenarios would have to play out to see some of those programs return or gross margins go back to prior levels? Despite its strong navigation of the pandemic to date, Aritzia has been hit hard. So we're going to continue to push and open stores. Download year list. 31 posts. 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. 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. She served as an executive sponsor to several successful strategic initiatives, most notably, the . Demand for our much-loved Everyday Luxury experience from new and loyal clients has continued to exceed our highest expectations. We're not even convinced at this point in time, we're going to offer intimates and swim in our stores. So we're trying to get ourselves in a position as we're actually even spending -- swing the pendulum farther than the other direction. It does so through three pillars of impact: poverty alleviation, mentorship and job readiness. 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. So these aren't just flagship footprint increases. I love what we're doing personally. Jennifer Wong works as a Purchasing Junior Buyer at Aritzia, which is an Apparel & Accessories Retail company with an estimated 6,569 employees; and founded in 1984. That said, we are cognizant of sort of some potentially pending inflationary effects that are going to affect everybody and how much that affects us is yet to be seen, but we are cognizant of that. Meanwhile, it makes deep buys of historically successful products that get refreshed year by year, says Stephen MacLeod, an analyst at BMO Capital Markets. 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. Team Members. In Q2, we're entering new markets. This lays the foundation for more personalization and it forms the strategies we will employ to drive deeper loyalty with every client interaction. Super Puffs immersive pop-up environments, called Super Worlds, were developed by Aritzias creative team and Willo Perron, the designer credited with Drakes flyingFerrariand Jay Zs 4:44 album, among other projects. We've been doing a lot of research on this, and we've recently gone on a big trip around all through Europe and United States looking at what others are doing. We took the next couple of weeks to analyze our business and during that time, we kept all of our people employed. She joined Aritzia as a style advisor in 1987, according to her LinkedIn page. We're under construction on. We expect capital expenditures in the range of $110 million to $120 million, comprised primarily of new and repositioned boutiques, our new distribution center in the Toronto area and the expansion of our support office. The popularity of the Super Puff, an all-time bestseller, has been almost entirely due to social. But we are seeing pressure on costs and things like that, which we've seen over the last sort of 12 months. The company offers its products under the Wilfred, Babaton and TNA brands. So we're seeing it as an opportunity. 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. . We were especially excited about launching our more sustainable styles page. 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. 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.). 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. Potentially air freight prices could come down or expedited freight costs. The retailers rapid growth since going public in 2016 stands in sharp contrast to industry trend lines. Her plan was to make some extra cash while she studied economics at the University of British Columbia. Good afternoon, everyone. These results are exceptional, demonstrating the strength of our business as we continue to drive ongoing momentum in the United States and Canada returns to full strength and all accomplished in spite of impacts from ongoing global supply chain disruptions and the challenging macro environment. Just wanted to get your overall thoughts on where we are -- where your customer is and how they're feeling? But were very analytical, she says. Leave this field empty if you're human: While commerce was in her bloodher father was a banker, and she used to play business on a toy IBM typewriter as a childshe often sketched textile patterns during class and drove her mother crazy with wilful clothing choices. SIGN UP FOR OUR THURSDAY NEWSLETTER 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. Ms. Wong embodies Aritzia's culture, championing the business and leadership philosophies. Every new venture is also new to me. She credits the companys success to her knowledge of the brand and a close-knit executive team. The next question is from Meaghen Annett with TD Securities. Please go ahead. As the Pres, COO, and Corp. Sec. Thank you for participating, and have a pleasant day. Good evening, good afternoon. Hi Irene, it's, Jennifer. "We are very well known and loved in Canada," Wong said in an interview. Learn how the brand is doing it, by . 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. 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. And then the store closures from last year as well. All rights reserved. Numerous studies show that having stores in a market drives significant e-commerce activity. With stores closed, Wongs bigger worry was demand, so the company veered hard toward e-commerce. Aritzia's Jennifer Wong built a fashion empire by leading with style - and plenty of substance In a retail landscape littered with flameouts, Aritzia has managed to stand apart, thanks in no. But as stressful as it was, we had each others backs, and it was amazing to see how many people stepped up.. He estimates about half its stock is proven sellers, accounting for about 80% of sales and keeping revenues stable year to year. 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. With them, we started a scholarship program to provide LGBTQ students with financial assistance, opportunities and access to education. We've seen that register quite a bit now and come roaring back for us. So where last year, the majority of the air freight was in the back half of the year, this year the majority is in the first half, including partially into the third quarter. 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. <br><br>My career goal is to help influential businesses measure their impact & reach the triple bottom line . Our business model continues to enable us to provide our clients with beautiful products for all aspects of their life. Wong was 18 years old when she started working as a part-time sales associate at Aritzia in 1987. It's really from a building our inventory to be able to meet the demand that we have today and ensuring that we're in the right product. Right now, we're just looking out to Q4 and what happens next year, I think we'll have a better visibility into over the next three to six months. Since I started my career at Aritzia I cant say, Ive been there and done that, says Wong. "I'm always on. We see there being flexibility and perhaps some opportunity in that. The success of our geographic expansion strategy builds on our already flourishing boutique portfolio and positions Aritzia for continued growth into the future. "Aventura Mall is one of the top shopping centers in the U.S. Our sites are always set on the future. If industry standards have a 50 percent failure rate, why would I want to follow those same standards? says Wong, We go about things in a different way. 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. All the best. So we did not layoff or furlough anyone as it related to COVID-19. (Aritzia currently has approximately 4,000 team members.). SG&A as a percent of net revenue is expected to increase approximately 50 to 100 basis points compared to last year, reflecting continued investments in talent and technology to fuel our future growth. Ive been here a long timepeople here werent even born when I started, says Jennifer Wong, president and COO of Canadian fashion and design house, Aritzia. As such, we finished the quarter with more clients than ever before. He's still Aritzia's biggest shareholder with nearly 19 percent of the equity and also controls about 70 percent of the voting power. And it's exciting to be in the business of fashion. Client demand is showing no signs of letting up across all geographies and all channels. We continue to grow our team with world-class talent. And the product doesn't necessarily need to go to all -- through all channels. 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. Okay. 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. Now its not about staying longer in the storecompanies need to be consistently introducing excitement into their assortment. Harris, however, believes the slump in store traffic will be brief. We're continuing to grow our boutique portfolio, expand our DCs, invest in infrastructure and build our team of world-class talent. 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. For example, when she led her team in implementing the Enterprise Resource Planning system, she opted not to follow industry standards. We feel it was a big milestone. 11_20_cover_final.indd 1 2020-10-09 2:24 pm mba mba with co-op accelerated mba. on: function(evt, cb) { 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. And also interesting Brian's comment about a friend who isn't seeing that. In Q1, we were lapping two months of closures versus one month in Q2. Thank you, Todd. And then that will begin to ease in Q3. In Canada, we grew by 52% with outstanding comparable sales growth and the benefit of reopened boutiques in Eastern Canada. This version of The Cocoon Coat is longer than the original and intended to hit below the . A new app will also allow advisers to stay in regular touch with customers, even sending packages of curated selections to those who prefer not to come in. I'm Leeza (she/her). We want to make sure our people reflect our brand and exude our culture., One of the challenges Wong faces as a leader of a growing organization is her inability to draw on previous work experiences. 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. (Bloomberg) -- Aritzia Inc. is winning over American teens and 20-somethings with a playbook that looks out of step with today's often bleak retail environment.Most Read from BloombergElon Musk Fan With 2,900% Gain Sees $1.5 Million Wiped AwayT-Mobile Considers Buying Ryan Reynolds's Mint MobileUS Inflation Cools Again, Putting Fed on Track to DownshiftThe Document That Separates Biden and . Brian is the creative genius behind the brands and how they go to market, and Jennifer is a phenomenal operator. 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. I don't know if the boutiques themselves and the quantity is changing. 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. 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. 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. Can you just give a bit more color behind the change in the fiscal '23 gross margin guidance? Her polished demeanour was apparently in evidence even when she was a teenager. 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. The website now services over 200 countries worldwide. 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. They continue to navigate the ongoing headwinds of the global landscape to deliver for our clients and our business. We focused on enhancements to our eCommerce and Concierge dashboards. She has been instrumental in accelerating our growth and will lead Aritzia in capitalizing on the incredible opportunities we see ahead. The company's fourth-quarternet revenue increased by66.1 per cent, compared to the same quarter a year ago, to $444.3 million. I give feedback as a consumer. For the first quarter, we generated net revenue of $408 million, an increase of 65% from last year. Even before the pandemic hit, Canadian fashion retail was littered with flame-outs, including Reitmans, Le Chteau and Danier. The company was formerly known as Aritzia Capital Corporation and changed its name to Aritzia Inc. in August 2016. Great. Now that said, as we continue to grow and continue our stores in the U.S., continue to grow on a sales per square foot basis, all of a sudden, that does open up some opportunities down the road for secondary and tertiary stores within markets, which we're certainly going to be looking at and that's -- we have a lot of experience doing so in Canada. 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