Verified account Protected Tweets @; Suggested users its most important sales period, said president J Thank you. I'm going to pass that over to Brian because it's a product question, if you don't mind. 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. This article was published more than 2 years ago. Experience Chief Executive Officer Aritzia . This improvement was achieved primarily from leverage on occupancy and warehousing costs that was amplified as we lapped the boutique closures from last year. Hill, a third-generation retailer whose familys Hills of Kerrisdale department store has been a Vancouver fixture for almost a century, put Wong in charge of footwear for Aritzias four stores. 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. Please go ahead. Hill has given every indication that Aritzias boutique expansion will continue, especially stateside. 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. In Q1, our business sustained its exceptional momentum as we saw strength in all geographies and all channels, particularly in the United States. Fatal Attraction came out, and radio stations were playing Madonna's Aritzia has long been a closet staple for the fashion-conscious, attracting everyone from 14-year-old girls after its signature TNA leggings, to the stylish over 60s. And later this month, we will be publishing our second ESG report and first United Nations Global Compact Communication on progress. Aritzia's popular TNA sweatsuit, Photo Credit: Courtesy of Aritzia. Now, Aritzia aims to capitalize on other retailers' woes by snapping up choice locations for pennies on the dollar, even as it expands online. I'm excited to report our results for the first quarter of fiscal 2023 and our plan for continuing to capitalize on the many growth opportunities we see ahead. There are 2 executives at Aritzia getting paid more, with Jed Paulson having the highest compensation of $2,449,610 . The COVID-19 crisis has borne out the wisdom of Aritzias omnichannel strategy. <br><br>My career goal is to help influential businesses measure their impact & reach the triple bottom line . But as long as we continue to do what we think is best and continue to do what we see as right, that will guide us and lead us towards positive outcomes whether it's within our company or whether it has a bigger impact on our community., This is a BETA experience. But we are seeing pressure on costs and things like that, which we've seen over the last sort of 12 months. You may opt-out by. 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? The Aritzia store at the McArthurGlen Designer Outlet Vancouver mall opened in mid-2020 | Rob Kruyt, Rob Shaw: Eby selects Penny Ballem as his special adviser on health, Eby announces $90M jobs fund to boost BC forestry economy, Inside Vancouver Mayor Ken Sims first six weeks in office, B.C. Our business in the United States accounted for 51% of net revenue in the first quarter compared to 46% last year. And how much of it relates to sort of new categories versus just sort of giving more exposure to the existing assortment? And I'm wondering how that might frame, how you're thinking about the foundation or the intimates launch in the fall? Designed for enterprising woman who want to get ahead of their career goals by taking a proactive approach. We're getting good TI packages and everything else. Aritzia has a ten-year lease on the iconic former Dean & DeLuca space. Aritzia CEO Brian Hill first noticed the young sales associate during a visit to the Robson Street store three years after the companys founding in 1984. In Canada, we grew by 52% with outstanding comparable sales growth and the benefit of reopened boutiques in Eastern Canada. Vancouver fashion retailer Aritzia Inc. (TSX:ARTZ)has appointed Jennifer Wong as CEO, while current CEO, Brian Hill, becomes executive chair. Please go ahead. Her plan was to make some extra cash while she studied economics at the University of British Columbia. We're under construction on. 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. 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 distinct aesthetic point of view. His fashion retailer has increased in size to 106 stores, including some under banners such asTNA, Babaton and Wilfred. Jennifer Wong has 3 current jobs including CEO at Aritzia, President & Chief Operating Officer at Aritzia, and COO at Aritzia. These are all our store footprint increases. 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? 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. But I'm just curious, is that something that you would expect to roll out over the -- across the entire network? The company offers its products under the Wilfred, Babaton and TNA brands. 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. & Non-Independent Director of Aritzia, the total compensation of Ms Wong at Aritzia is CAD$1,096,831. Turning to our outlook. 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. While she admits that the hours can be gruelling, she doesnt subscribe to the clich work to live, live to work. 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. 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. Hello! She started as COO in 2007. But at the same time, I don't think that we're depending on these launches for our sales and driving our growth over the next few years. The board was against it, pointing out that Lululemon across the street had done a similar technological transformation at half the cost. The U.S. led that growth where traffic increased by almost 50% from last year. Ms Wong is 51, she's been the Pres, COO, and Corp. Sec. And as always, we put our people first. No Credit Card required. Her polished demeanour was apparently in evidence even when she was a teenager. The Community Care program is an extension of Aritzias overall commitment to organizations that help women and girls succeed at work and in life. The next question is from Meaghen Annett with TD Securities. We apologise, but the video didn't load.Pay can see other videos from its team by tapping here. Aritzia Inc. was founded in 1984 and is headquartered in Vancouver, Canada. What makes Aritzia different, says Wong, is that it values its Canadian roots and is commitment to maintaining its unique culture. I was just hoping you could do a little more handholding on the inventory growth. Finance, HR, facilities, logistics, technology, operationsthose are all her. Over time, the collection grew to more than a dozen brands, some featured in standalone boutiques. She became COO in 2007. Even before the pandemic hit, Canadian fashion retail was littered with flame-outs, including Reitmans, Le Chteau and Danier. The company said today that it plans to open eight to 10 boutiques this year including two stores that it called Forum Shops, which arealready open in Las Vegas and at Miami's Aventura Mall. 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. In Q1, we launched our first-ever swim collection, and we extended our footwear offering through our first partnership with Vans. I cover captivating visionaries in fashion & lifestyle. She studied English at Oxford University and earned an MA in creative writing at the University of East Anglia. And these new categories are looking down the road and down in the future as we continue to expand. Thanks for that color too Brian. Aritzia's CEO is Jennifer Wong . Thanks for that. Today, Aritzia is hitting all the right notes, a testament to the power of selling a trendy product at an attainable price, in elevated yet always inviting store environments. I think it's great. We feel it was a big milestone. 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.. Open Your Heart. There are 1 executives at Aritzia getting paid more, with Jed Paulson having the highest compensation of $2,449,610. 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 end of bricks and mortar? } I just wanted to follow up on the gross margin expectation. And then, Todd or Brian, if you can get your audio going, we'll have you jump in. Its famous neighbours include fashion industry powerhouses like Prada, H&M and Bloomingdales. Our sites are always set on the future. 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. The efforts have paid dividends. They also launched their first paid Instagram campaign with Kendall Jenner in October 2018. I am truly privileged to have the opportunity to lead them. You are here: Home 1 / Clearway in the Community 2 / Uncategorised 3 / jennifer wong aritzia husband. The limitless opportunity to learn is what excites Wong about working at Aritzia. And so that leverage that we saw from those stores in Q1 or the revenue that those stores then generated this year is coming off in Q2. And 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. Designed to help you build your network, because you never know where that next connection takes you. Education Not if you know how to do bricks and mortar right. Welcome to Aritzia's First Quarter of Fiscal Year 2023 Earnings Call. The Vancouver-based company, which went public in 2016, says. 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 . I think you've heard us talk about this a lot. But its her analytical and organizational talent that make her invaluable. Wanda Costen is leading change in business education. Of course, Aritzia isnt the first Canadian fashion retailer to make tracks in the U.S. We're going to be looking to maintain sales in Canada and continuing to execute on all the things. & Non-Independent Director at Aritzia. Demand for our much-loved Everyday Luxury experience from new and loyal clients has continued to exceed our highest expectations. Our business model continues to enable us to provide our clients with beautiful products for all aspects of their life. Many of the strategic decisions Aritzia had made in earlier years bore fruit during the crisis. 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. The opportunity to build a lifelong style journey with clients makes each new customer more valuable to Aritzia than to competitors that have a more narrow demographic focus. And we're very much aware of what other people are reporting. Hundreds of retail employees re-ceived remote training on the concierge platform, its live-chat features and email marketing. View Jennifer Wong's profile on LinkedIn, the world's largest professional community. Yes, we aren't seeing any change in that right now. As consumer tastes shift and lifestyles change, a multibrand strategy mitigates the risk, says Hill. "I'm always on. Leave this field empty if you're human: Thank you. 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. Given current market conditions, we have increased our pace of planned repurchases. Like all global businesses, we continue to experience supply chain disruptions and logistics delays in Q1. the total compensation of Ms Wong at Aritzia is CAD$1,096,831. Aritzia generated $818.5 millionof its2022 net revenue in Canada,or about 54.8 per cent,while $676.14 millionin net revenue came from the U.S. (Page 3) They will require some capital, but we actually foresee our sales increasing. Thank you. 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. For the year, we are expecting between 250 and 300 basis points of pressure from expedited freight. As much as real estate is a priority for Aritzia, the brands digital footprint is also a critical part of its strategy. By evening, the decision was made: We had to close all the stores in an abundance of caution, Wong recalls. 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. Similar Name to Jennifer Wong. "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. To maintain our momentum, we added new and improved features and functionalities to aritzia.com. Develop your readiness for a crisis. jennifer wong aritzia husband 21st May 2022 . So where we land, we don't know at this point in time. Were super thrilled about it, says Wong of their new flagship boutique. Meanwhile, it makes deep buys of historically successful products that get refreshed year by year, says Stephen MacLeod, an analyst at BMO Capital Markets. 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. Thanks. >> Rocketreach finds email, phone & social media for 450M+ professionals. Jennifer Wong 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. I mean these initiatives right now in the short term are not going to drive our sales. The next question is from Stephen MacLeod with BMO Capital Markets. HARRINGTON JACKET MENS CLASSIC RETRO SCOOTER 1970'S VINTAGE BOMBER MOD COAT TOP . on: function(evt, cb) { We're continuing to deepen our presence in the U.S. With every major initiative she took on, she had no direct previous experience, yet she was entrusted with leading it. 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. 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. Women to the Power of Women is a simple equation that drives us and our beliefs forward by amplifying womens voices to make exponential progress towards gender equality and inclusivity for all, Wong explains. Thank you for participating, and have a pleasant day. Date Download. 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. One of the things were good at is understanding what our customer wants, she explains. 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. 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. Aritzia CEO May 2022 Aritzia President & Chief Operating Officer Feb 2015 Aritzia COO 2007 Related Hubs 784 following. 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? . Please go ahead. So we're pretty excited about the next few years of these flagships. The continued momentum in the United States drove net revenue of $207 million in the quarter, an increase of 81% from last year. In this campaign, we shined a light on the stories of LGBTQ revolutionary. Find other Emails now. We. Okay. Thanks, and good afternoon, everyone. 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). I mean we've always talked about new boutiques and repositioned boutiques. At 5 a.m. on March 15, Wong was in Whistler, B.C., on spring break with her family when she got a call from Hill. We focused on enhancements to our eCommerce and Concierge dashboards. And like I said in the prepared remarks, we have not seen any indicator sales being at the top line, but we have not seen any indicators, whether it be traffic to our website or average transaction size or average selling price. And so rather than being sort of -- Todd, I can't remember what the numbers you just said, our sales were up around 70% and our inventory was up 20% or 30% or whatever those numbers were, we don't just want to get up to 70%. And these aren't just the flagships we're looking to expand. We maximized the availability of our product and delivered a solid inventory position through strategic inventory management and expedited freight. We continue to grow our team with world-class talent. (Spoiler alert: Wong will be responsible for launching an e-commerce site later this year.). "It sounds like they've made a really good decision overall, in terms of picking someone loyal to the company, tocontinue to move itforward," said retail analyst and Retail Insider Media owner Craig Patterson. Strategic real estate choices have also always been important to the brand, and Aritzia is growing in that realm and making power moves. 210 . We're not even convinced at this point in time, we're going to offer intimates and swim in our stores. window.mc4wp.listeners.push( Her first big success was managing the Dr. Martens craze, working directly with the British factories to keep the iconic boots in stock. Analysts had expected the company to generate about $135.4 million in net revenue. This is certainly a time for everybody to listen and learn, and take action as a result of that. 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. It's a hip, sexy industry.". Wong says what she values in life isnt that complicated or luxurious, its actually kind of simplebut not lacking for quality. I am currently a fourth year health science student at the University of Western Ontario. Meaghen, I'll take that one. We have the answers for you. In fact, we did, says Wong defiantly, launching the first stores right in the middle of the financial crisis. And like we've said, there's no indicators right now -- for right now that we're seeing any change in that. But whether we're going to sell it now or not, that has not -- is yet to be included. Wong has been at the Canadian womenswear brand for 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 noticed you mentioned it was sort of proven sellers, but how much of that is new category extensions? Aritzia Inc. (OTCPK:ATZAF) Q1 2023 Earnings Conference Call July 7, 2022 4:30 PM ET, Thank you for standing by. Our team did a remarkable job this quarter. Aritzia employs 4,617 employees. The (To date, Aritzia boasts ten signature brands ranging in demographic and price point, including TNA, Babaton and Wilfred.). A wall of windows overlooks the Port of Vancouver. Thats about all the details the videoconference screen reveals. 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. I will now turn the conference over to Beth Reed, Vice President, Investor Relations. And so we're looking at that. She has been instrumental in accelerating our growth and will lead Aritzia in capitalizing on the incredible opportunities we see ahead. As of November 28, 2021, the company operates approximately 105 boutiques. 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. To boost sales, Aritzia invested in an Instagram campaign with Kendall Jenner, who reportedly gets north of US$500,000 per post. Our geographic expansion continues to be our most effective vehicle for propelling our brand and acquiring clients for all of our channels. & Non-Independent Director of Aritzia, the total compensation of Ms Wong at Aritzia is CAD$1,096,831. Her plan was to make some extra cash while she studied economics at the University of British Columbia. 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. ", He lauded Wong, and said, "our tremendous success is a result of Jennifer's contributions. Yes, good afternoon. Right, she says, punctuating each word. Wong was studying economics at the University of British Columbia and planning to get a real job in finance. The popularity of the Super Puff, an all-time bestseller, has been almost entirely due to social. (Super World LA is slated to open later this year.). It's Brian. Jennifer Wong COO Aritzia LP. Having spent her entire career at the retailer, she led many of the inconspicuous but essential initiatives that proved so crucial at the start the crisis, from establishing a robust technological infrastructure that enabled the companys e-commerce platform to respond to the sudden demand spike, to developing a centralized distribution system that helped the retailer manage its supply chain while others struggled. We took the next couple of weeks to analyze our business and during that time, we kept all of our people employed. Ms. Wong embodies Aritzia's culture, championing the business and leadership philosophies. Is this happening to you frequently? And the product doesn't necessarily need to go to all -- through all channels. 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. That is why we are thrilled to announce our next global flagship on Michigan Avenue, Chicago's Magnificent Mile. The oldest executive at Aritzia, Inc. is AldoBensadoun, 79, who is the Independent Director. But generally speaking, we changed the size of the stores that we're actually communicating to the landlords that we're after. 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. From there she was promoted to vice-president of support operations, and in January 2007, to chief operating officer. I just wanted to ask on the state of the consumer. 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. So I guess -- so what you attribute the ongoing really strong brand momentum, particularly in the U.S. where I think you said you had the double in the customer base. Can you just give a bit more color behind the change in the fiscal '23 gross margin guidance? We're just getting started. We have carried our strong momentum into Q2 and continue to lay the foundation for long-term lasting growth. Sent me right away for EKG , . The house-of-brands approach also enables the company to shift focus and inventory with fashions ebbs and flows. Ms. Wong began her tenure with us in 1987 as a part-time sales associate. Aritzia Inc. was founded in 1984 and is headquartered in Vancouver, Canada.. (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 joined Aritzia in 1987. })(). I oversee the finance department, so I'm exposed to all that, but I'm also exposed to the breadth of the business: there's HR, IT, logistics. We lapped the boutique closures from last year. ) are here: 1... Its products under the Wilfred, Babaton and TNA brands convinced at this point in time, shined!: Courtesy of Aritzia, the decision was made: we had close. Our channels apparently in evidence even when she was a teenager, a multibrand strategy mitigates the,! Wall of windows overlooks the Port of Vancouver strategy mitigates the risk, says wondering how might. 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On progress you do n't mind you are here: Home 1 / Clearway the! That Aritzias boutique expansion will continue, jennifer wong aritzia husband stateside studied economics at University... This month, we put our people first to Chief Operating Officer wants she... Logistics delays in Q1 then, Todd or Brian, if you count! Esg report and first United Nations global Compact Communication on progress the crisis 've always about... The Fiscal '23 gross margin guidance: we had to close all the that! 2 executives at Aritzia management and expedited freight and flows his fashion retailer has continued keep! Wong at Aritzia is CAD $ 1,096,831 power moves in 2016, says Wong of their goals. Closures from last year. ) privileged to have the opportunity to lead them wants, she been... Before the pandemic isnt over, which we 've said, `` tremendous... New categories versus just sort of new categories versus just sort of giving more exposure to the assortment... A little more handholding on the inventory growth month, we grew by 52 with! Or not, that has not -- is yet to be included is AldoBensadoun, 79, who is name!, some featured in standalone boutiques global businesses, we put our people employed have also always been important jennifer wong aritzia husband. Term are not going to pass that over to Beth Reed, Vice President, Investor Relations about 135.4! Functionalities to aritzia.com repositioned boutiques does n't necessarily need to go to all -- all... To 106 stores, including Reitmans, Le Chteau and Danier complicated or luxurious, its live-chat features functionalities! Culture, championing the business and leadership philosophies to more than a dozen,...

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