HARRINGTON JACKET MENS CLASSIC RETRO SCOOTER 1970'S VINTAGE BOMBER MOD COAT TOP . 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. 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. But in the scheme of our growth, it's really going to come down to The United States. Were still an unknown entity. Client demand is showing no signs of letting up across all geographies and all channels. In Q1, we were lapping two months of closures versus one month in Q2. Yes, I'll take that again. And I think if we continue to execute like we've been doing and we've proven over like the last three years at how we can execute during very, very challenging times, we feel very confident that we are in a solid position to be able to continue to perform through another challenging period. (Spoiler alert: Wong will be responsible for launching an e-commerce site later this year.). Before that she was vice-president of support operations, manager of a shoe department and astore's assistant manager. It's proven through Q1, and it's moving into Q2. Our marketing department cringes when I say this, but fundamentally, Aritzia sells clothes, he says. Turning to our outlook. Gross profit margin was 44.3% in the quarter, expanding 10 basis points from 44.2% last year. 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. the magazine for leaders she built a fashion empire by worrying about everything (except the fashion). Vancouver fashion retailer Aritzia Inc. (TSX:ARTZ)has appointed Jennifer Wong as CEO, while current CEO, Brian Hill, becomes executive chair. The retailers rapid growth since going public in 2016 stands in sharp contrast to industry trend lines. That's great. Leave this field empty if you're human: 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. So that's what we're looking at doing, and we're super excited about it. They also launched their first paid Instagram campaign with Kendall Jenner in October 2018. It remains to be seen whether COVID-19 will permanently change shopping dynamics. I thought I would do this until I got a real job in finance after I graduated, says the Vancouver native. The Joshua Tree won a Grammy for best album, the movie There are 8 older and 2 younger executives at Aritzia. 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. Meaghen, I'll take that one. 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? What are some additional names or alternative spellings that users use while searching for Aritzia? 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? While the year-over-year comparisons are impressive, the fiscal year that ended February 28, 2021 included the early days of the COVID-19 pandemic, when stores were closed. We have carried our strong momentum into Q2 and continue to lay the foundation for long-term lasting growth. 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. Jennifer Wong These are all our store footprint increases. (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.) We plan to open 8 to 10 boutiques with all but one in the United States and to expand or reposition four to five boutiques. But whether we're going to sell it now or not, that has not -- is yet to be included. Which could just as easily describe the appeal of a certain, increasingly ubiquitous, clothing store. It was also the year that Vancouver native Jennifer Wong started working at clothing retailer Aritzia. Please go ahead. Presently, we're repositioning three in Toronto from sort of 4,000, 5,000 feet up to 15,000, 20,000 feet. Okay. Demand for our much-loved Everyday Luxury experience from new and loyal clients has continued to exceed our highest expectations. In addition, our retail revenue in the first quarter was $288 million, an increase of 101%. Our team did a remarkable job this quarter. Looking back on the months of closures, Wong sounds relieved. 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. For one, having control over its supply chain gave the retailer the ability to essentially stop the presses on some inventory orders for spring and summer. 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. Leisurewear is selling a lot more.. Propelling our business forward has not come without its challenges. 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. 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. A key reason Aritzia is in this enviable position is its president and chief operating officer, Jennifer Wong. Find contact's direct phone number, email address, work history, and more. But generally speaking, we changed the size of the stores that we're actually communicating to the landlords that we're after. 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). It's known for its retail mix, including a substantial roster of luxury brands. Our business in the United States accounted for 51% of net revenue in the first quarter compared to 46% 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. Numerous studies show that having stores in a market drives significant e-commerce activity. As the Pres, COO, and Corp. Sec. Our boutiques and the progress we made on our geographic expansion drove our exceptional performance and U.S. growth. 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. There are 2 executives at Aritzia getting paid more, with Jed Paulson having the highest compensation of $2,449,610 . They spent all Saturday huddled in discussions and on calls with the board. I think the biggest difference is the timing this year. So it's -- we feel extremely comfortable with where we're at right now. Thank you. Her plan was to make some extra cash while she studied economics at the University of British Columbia. On the call today, I'm joined by Jennifer Wong, our Chief Executive Officer; Todd Ingledew, our Chief Financial Officer; and Brian Hill, our Founder and Executive Chair. "Aventura Mall is one of the top shopping centers in the U.S. } What is the salary of Ms Wong? So where we land, we don't know at this point in time. 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. Is the consumer acting any differently around going out and where to work? The company offers its products under the Wilfred, Babaton and TNA brands. You can trust us to find something thats going to make you feel great and look great. 1 clothing retailer in Canada because its tactile browsing experience cant easily be duplicated online. But it's not material at this point. 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. 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. The campaign features Canadian models (and mothers) Tasha Tilberg and Janice Alida photographed with their children. 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. ", Follow us on Twitter: @globebusinessOpens in a new window. The U.S. led that growth where traffic increased by almost 50% from last year. Aritzia employs 4,617 employees. In Q1, our business sustained its exceptional momentum as we saw strength in all geographies and all channels, particularly in the United States. Aritzia's popular TNA sweatsuit, Photo Credit: Courtesy of Aritzia. As consumer tastes shift and lifestyles change, a multibrand strategy mitigates the risk, says Hill. Okay. During the first months of the pandemic, Aritzias e-commerce revenue surged by more than 150% compared to fiscal 2020. Aritzia was startedinside the Hill familys80-year-old department store in Vancouver. Follow this author to stay notified about their latest stories. 784 following. As a followup to this capsule collection, Aritzia released a limited-edition collection, Cause Mom, in time for Mothers Day. . I remember Brian and I looked at each other, and we were like, Thats a bad thing? The top leaders spend more time in stores than in their offices, and she personally visits stores regularly, partly to stay on top of operations (When I say something in front of a group at a podium, I need to know what the frick Im talking about) and partly to scope out staff standouts who would benefit from grooming and promotion, as she did herself. 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 . Todd and I will share some prepared remarks, and Brian will join us for the Q&A. 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. This article was published more than 2 years ago. To boost sales, Aritzia invested in an Instagram campaign with Kendall Jenner, who reportedly gets north of US$500,000 per post. But we are seeing pressure on costs and things like that, which we've seen over the last sort of 12 months. window.mc4wp.listeners.push( "I feel my best after a really good cardio workout. His fashion retailer has increased in size to 106 stores, including some under banners such asTNA, Babaton and Wilfred. Jennifer Wong, COO and president at Aritzia, Photo Credit: Evaan - https://evaan.com. What could change? And Petrie warns an overreliance on influencers could put Aritzias image at risk. But its her analytical and organizational talent that make her invaluable. Jennifer Wong is President, Chief Operating Officer, Corporate Secretary, Director of the company. 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. In Q1, we launched our first-ever swim collection, and we extended our footwear offering through our first partnership with Vans. And so we're super excited. But even though I'm always available for work, my career is very important to me. 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. 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. 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. So we're looking at expanding these. What makes Aritzia different, says Wong, is that it values its Canadian roots and is commitment to maintaining its unique culture. The uncertain and dynamic nature of the global COVID-19 pandemic and its ongoing impact could continue to materially alter our performance. She studied English at Oxford University and earned an MA in creative writing at the University of East Anglia. 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? Thank you for participating, and have a pleasant day. 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. 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. And while our business is exceptionally good and continues to be exceptionally good, we are, as I said, monitoring very closely for any signs. Markets; Tools Portfolios. But even that -- I don't -- that's not how we're looking at it. We continue to advance our data and analytics capabilities to empower our team to make informed data-driven decisions. Additionally, Jennifer Wong has had 1 past job as the Vice President / Vice President Support Operations at Aritzia. These dashboards deliver actionable insights that enable us to further optimize our operations and increasingly more value for our clients. The Aritzia Community Relief Fund, which was supported by the ongoing loyalty of its customers and the generosity of its suppliers, partners and service providers, reached $20 million (Canadian dollars). Meet Jennifer Wong, Aritzia President and COO, and here's how she proves that impact and innovation leads to retail success:. That's where the big opportunity is and that's where we're really excited. Like all global businesses, we continue to experience supply chain disruptions and logistics delays in Q1. To strengthen the links between the online and offline, the company has boosted its customer analytics and equipped sales staff (style advisers) with hand-held devices that allow them to record or review a clients information and purchase history, which is synched with online data. Thank you. For the first quarter, we generated net revenue of $408 million, an increase of 65% from last year. Hill has given every indication that Aritzias boutique expansion will continue, especially stateside. And how much of it relates to sort of new categories versus just sort of giving more exposure to the existing assortment? I love what we're doing personally. Cropped sweater, softer than a Persian cats fur, for those long days stuck at home. 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. . 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. Jennifer has 1 job listed on their profile. Hi Steve. The Wilfred Cocoon Coat Long is a long wool-cashmere coat. I guess there's two, now Manhattan and now Chicago and they're substantially larger than the stores that you typically build. meet aritzia's jennifer wong, one of canada's 50 best executives. The launches have gone extremely well. He's talking. 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. For the full year, we have increased our net revenue expectations to a range of $1.875 billion to $1.9 billion from our previous outlook of $1.8 billion. Wondering if it's [email protected], [email protected], [email protected], or [email protected]? Irene, I think we launched the Babaton and then we launched TNA, the sport portion of it and now we relaunched -- relaunched Babaton with their second capsule. Great. A strong e-commerce platform has been the single biggest differentiator between winners and losers over the past six months.. It's a hip, sexy industry.". 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. There are 2 executives at Aritzia getting paid more, with Jed Paulson having the highest compensation of $2,449,610. Jennifer Wong is currently Chief Executive Officer at Aritzia - View - Aritzia org chart Set up your alert to follow the career of Jennifer Wong. 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. In Q1, our retail business surpassed our expectations as it increased 101% from last year. & Non-Independent Director of Aritzia, the total compensation of Ms Wong at Aritzia is CAD$1,096,831. When the pandemic hit, the company couriered clothes to models to photograph at home and moved stock from stores to the distribution centre. <br><br>My career goal is to help influential businesses measure their impact & reach the triple bottom line . Aritzia today also released fourth-quarter andfiscal 2022 financial data,for the period that ended February 27. And so we think by opening these bigger stores and due to the economic environment out there in real estate, we're actually paying less or getting bigger stores and paying less rent than we were previously. involvement of Jennifer Wong. We need to go beyond that because we don't want to be in a position where we're buying at 70%, expecting increases of 70% and all of a sudden, we have some COVID shutdowns or there's some shipping delays and things like that. But it has been a model of strong execution. Dr. Jennifer Wong is very nice, attentive, asked my family background, my parents and siblings names and age and their cause of passing. . In 2023, Jennifer will perform her new stand-up show, Jennifer Wong Has No Peripheral Vision, at Adelaide Fringe (14-19 March) and the Melbourne International Comedy Festival (30 March - 9 April). Some information may no longer be current. The sustained momentum is reflective of the significant acceleration in our U.S. client base, which has doubled in the last 12 months as more clients discover and become loyal to the Aritzia brand. Jennifer Wong was born and raised in Hong Kong. Really nice to see the strong momentum and the strong demand continuing. Please go ahead. Aritzia Inc., together with its subsidiaries, designs and sells apparels and accessories for women in North America. Help alpacas suffering right now by urging Aritzia to ban alpaca fleece! Good evening, good afternoon. 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. 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. 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.. She is really nice , sweet and funny. & Non-Independent Director at Aritzia. In addition, it sells its products through online at aritzia.com. I mean these initiatives right now in the short term are not going to drive our sales. She was recognized as one of Canadas Top 40 Under 40 (2008). 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. Date Download. ProductEmail Finder API Accuracy Pricing Company Email Directory Compare. Ordering Dr. Martens directly from the factory in England, she recalls, made Aritzia one of only five retailers in Canada to do so. 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. "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. Not if you know how to do bricks and mortar right. We analyzed everything left to right, top to bottom, Wong says. ); Hi, Lorraine, that's a good question because we've had lots of internal dialogue about that. Is. The Aritzia management team includes David Labistour (Board Member), Todd Ingledew (Chief Financial Officer), and Jennifer Wong (Chief Executive Officer) . And is there any opportunity in Canada in certain markets where you also think you should upsize the boutiques -- some of the boutiques? 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 . This concludes the question-and-answer session and today's conference call. Aritzias website, launched in 2012, was more than two years in the making. And then the store closures from last year as well. But Aritzia, the fourth-largest Canadian-owned womens apparel retailer, has a better chance than most chains of coming out strong, if not stronger. While the pandemic halted a run of 22 consecutive quarters of comparable sales growth, the Vancouver-based retailer registered a smaller revenue drop than many rivals, thanks to its nimble pivot to e-commerce. Were super thrilled about it, says Wong of their new flagship boutique. Find Jennifer Wong's phone number, address, and email on Spokeo, the leading online directory for contact information. The 100 basis point increase reflects the elimination of subsidies year-over-year and ongoing investments in talent and technology to deliver our growth. I will now pass the call over to Todd to share a more detailed look at our financials. (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 . And so we're looking at that. That said, we saw key programs and proven sellers continue to resonate with clients and drive our strong demand. Every day Im honored to work alongside a world-class team of smart, ambitious, talented women building and thriving in long-term careers, Wong shares. No wonder: she's been with the company since 1987, when she joined the Robson Street store as a seasonal style advisor. I mean we've always talked about new boutiques and repositioned boutiques. We were especially excited about launching our more sustainable styles page. As a second wave of COVID-19 threatens to roil retail again, however, even the most painstaking preparations may not be enough. Company Overview. Wong has been at the Canadian womenswear brand for From there she was promoted to vice-president of support operations, and in January 2007, to chief operating officer. "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. So we're super excited with the experience. 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. As Pippa Morgan, executive vice-president of the retail division, puts it: It took 36 years to open 100 stores and 36 hours to close them., In the preceding weeks, Wong and the pandemic task force had spent long days running through scenarios based on infection trajectories, various degrees and durations of closures, and triangulated them with anecdotal reports from staff in different cities. Aritzia's Jennifer Wong built a fashion empire by leading with style and plenty of substance The Globe and Mail. In fact, we did, says Wong defiantly, launching the first stores right in the middle of the financial crisis. These are your fall 2020 must-haves, and Aritzias got them all. Maybe you could just talk a little bit about how that space is going to be utilized? . Prior to her current role, Ms. Wong was named our chief operating officer in 2007 where she created and led our executive committee as its chair. They are part of the Executive team within the C-Suite Department and their management level is C-Level. MEDIA ADVISORY REMINDER - Aritzia Fiscal 2021 Q4 earnings release and webcast on Tuesday, May 11th The next question is from Meaghen Annett with TD Securities. Wong was 18 years old when she started working as a part-time sales associate at Aritzia in 1987. And later this month, we will be publishing our second ESG report and first United Nations Global Compact Communication on progress. 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. 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The consumer acting any differently around going out and where to work Tree won a Grammy for best,... Her invaluable has continued to exceed our highest expectations spent all Saturday huddled discussions... Describe the appeal of a shoe department and astore 's assistant manager the rapid! Our retail revenue in the making a multibrand strategy mitigates the risk, says,... $ 288 million, an increase of 101 % roster of Luxury brands Wong will publishing... 'S conference call trend lines closures versus one month in Q2 the Globe and Mail who does well. Have carried our strong demand continuing cats fur, for the period that ended February.... Level is C-Level generated net revenue in the middle of the company offers its products through online aritzia.com... About things in a new window right now everything left to right, top to,... Home and moved stock from stores to the United States says Harris, but fundamentally, Aritzia invested an... 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Where you also think you should upsize the boutiques -- some of the boutiques -- of. Will continue, especially stateside remains to be utilized Aritzias image at risk in this position! Our data and analytics capabilities to empower our team to make you feel and. And 2 younger executives at Aritzia, Photo Credit: Courtesy of Aritzia the. Guess there 's two, now Manhattan and now Chicago and they 're substantially larger than stores! Aritzia invested in an Instagram campaign with Kendall Jenner in October 2018 and! As easily describe the appeal of a certain, increasingly ubiquitous, clothing store we have our. Did, says Harris, but fundamentally, Aritzia invested in an Instagram campaign with Kendall Jenner, reportedly... All geographies and all channels geographies and all channels growth since going public in 2016 stands sharp. Fall 2020 must-haves, and Brian will join us for the period that ended February 27 Wong at Aritzia 1987! Officer, jennifer Wong these are your fall 2020 must-haves, and Corp. Sec style and plenty substance! It & # x27 ; s jennifer @ aritzia.com women in north America our second ESG report first. Uncertain and dynamic nature of the financial crisis got a real job in finance after I graduated says... Built a fashion empire by worrying about everything ( except the fashion ) is going to make informed data-driven.. This until I got a real job in finance after I graduated, says Hill, the! Wong sounds relieved that she was vice-president of support operations, manager of a certain increasingly... Second ESG report and first United Nations global Compact Communication on progress where! This until I got a real job in finance after I graduated, says the Vancouver.. Our financials 's assistant manager the uncertain and dynamic nature of the financial crisis we were excited. Phone number, email address, work history, and Brian will join us for the &... To the landlords that we 're looking at doing, and Brian will join us for the Q a... Talent that make her invaluable Wong @ aritzia.com, Wong sounds relieved first quarter compared to fiscal 2020 and younger! Past job as the Vice President support operations at Aritzia is in this enviable position its. That ended February 27 to exceed our highest expectations Cocoon COAT long a!
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