), Architectural and interior photography of Aritzia Super World NYC. Really nice to see the strong momentum and the strong demand continuing. His fashion retailer has increased in size to 106 stores, including some under banners such asTNA, Babaton and Wilfred. It remains to be seen whether COVID-19 will permanently change shopping dynamics. In this campaign, we shined a light on the stories of LGBTQ revolutionary. Propelling our business forward has not come without its challenges. 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. Please note that remarks on this call may include our expectations, future plans and intentions that may constitute forward-looking statements. I've made lots of friendships through my work. 1,039 Followers, 784 Following, 31 Posts - See Instagram photos and videos from Jennifer Wong (@jennwongg) jennwongg. Jennifer Wong Hello! Leisurewear is selling a lot more.. When Brian Hill opened the first standalone boutique in 1984, the idea was simple: offer beautiful clothes in aspirational spaces with exceptional service. Designed for enterprising woman who want to get ahead of their career goals by taking a proactive approach. Vancouver fashion retailer Aritzia Inc. (TSX:ARTZ)has appointed Jennifer Wong as CEO, while current CEO, Brian Hill, becomes executive chair. "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. Thanks great. Jennifer graduated from . Good afternoon, everyone. 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. We opened three new boutiques in the quarter to a tremendous client response, two of which were in new markets, Las Vegas and Miami. 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. Business in the U.S. is growing faster than that in Canada. any notable changes in behaviour," Aritzia CEO Jennifer Wong said . Aritzia CEO May 2022 Aritzia President & Chief Operating Officer Feb 2015 Aritzia COO 2007 Related Hubs There are 2 executives at Aritzia getting paid more, with Jed Paulson having the highest compensation of $2,449,610 . We maximized the availability of our product and delivered a solid inventory position through strategic inventory management and expedited freight. How much relates to the closures last year expedited freight? And as always, we put our people first. And many people dont realize the founder of the iconic brand American Apparel actually hails from Canada. Brian is the creative genius behind the brands and how they go to market, and Jennifer is a phenomenal operator. She joined Aritzia as a style advisor in 1987, according to her LinkedIn page. 06-18-2022. 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. Wong had set up a war room, its walls covered in charts and reports, and she met there daily with her top lieutenants, sometimes spending 14 hours in their own social bubble inside the otherwise empty head office. Get Contact Info for All Departments. But to be an effective leader you have to have other influences and other inspirations. For Wong, those are her husband and 18-month old son. 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. UDPATE 2: Jennifer Wong, president and COO of Aritizia has told BuzzFeed they are investigating the matter and will be conducting one-on-one meetings with the store's staff as well as. 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. 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. Wong was 18 years old when she started working as a part-time sales associate at Aritzia in 1987. ", During what little free time she has, Ms. Wong loves to hit the gym. We're under construction on. We're really pleased with that. SIGN UP FOR OUR THURSDAY NEWSLETTER. And then that will begin to ease in Q3. Jennifer Wong, who began her career at Aritzia as a style advisor in 1987 and worked her way up the ranks, became CEO in May. Aritzia's net income of $70.7-million for the third quarter of fiscal 2023 was an increase of 8.9% from a year earlier . We're not even convinced at this point in time, we're going to offer intimates and swim in our stores. "I feel my best after a really good cardio workout. 2022 Women of Influence. As a second wave of COVID-19 threatens to roil retail again, however, even the most painstaking preparations may not be enough. Aritzia Inc. (OTCPK:ATZAF) Q1 2023 Earnings Conference Call July 7, 2022 4:30 PM ET, Thank you for standing by. 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 . The next question is from Patricia Baker with Scotiabank. At the retailers behest, some also went into social media overdrive, which has been growing increasingly important to the retailer as it makes inroads stateside. Five years ago, she also became president. Jennifer Wong, President and COO of Aritzia, Photo Credit: Evaan - https://evaan.com. We better enabled clients to effortlessly shop the 63% of our spring/summer collections made from certified, organic or recycled materials. And I think that we're in it for the long game, as Jen mentioned. And then, Todd or Brian, if you can get your audio going, we'll have you jump in. Aritzia Inc., together with its subsidiaries, designs and sells apparels and accessories for women in North America. Jennifer Wong is currently Chief Executive Officer at Aritzia - View - Aritzia org chart Set up your alert to follow the career of Jennifer Wong. I guess there's two, now Manhattan and now Chicago and they're substantially larger than the stores that you typically build. Wong was named COO in 2007, and in 2015, was named president & COO of Aritzia. And then the store closures from last year as well. 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. Hill has given every indication that Aritzias boutique expansion will continue, especially stateside. There are 8 older and 2 younger executives at Aritzia. To maintain our momentum, we added new and improved features and functionalities to aritzia.com. Analysts had expected the company to generate about $135.4 million in net revenue. But from an increased perspective why we went from 100 to 150, we're just seeing higher inflationary pressure really across a lot of lines of the P&L and specifically as it relates to gross profit, product costs, logistics costs and even labor at our distribution centers. 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. Since I started my career at Aritzia I cant say, Ive been there and done that, says Wong. Yes, I'll take that. the magazine for leaders she built a fashion empire by worrying about everything (except the fashion). 1,039 followers. Wong has been at the Canadian womenswear brand for We will continue purchasing shares opportunistically throughout fiscal 2023. And while I know Todd has spoken about what our outlook is for gross margin for the rest of the fiscal year, we do see these being what we're calling transitory cost effects. Our business model continues to enable us to provide our clients with beautiful products for all aspects of their life. 784 following. So, thank you. Aritzia Inc. was founded in 1984 and is headquartered in Vancouver, Canada. Get Contact Info for All Departments. 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.. 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. You may disconnect your lines. Team Members. (function() { It was really important for us not to layoff or furlough anyone. Please go ahead. Thanks, Jennifer, and good afternoon, everyone. 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. She never dreamed she'd end up in the position she holds today as the fashion chain's chief operating officer. Learn about their Apparel & Accessories Retail, Retail market share, competitors, and Aritzia's email format. But we just have not seen an erosion of our sales per square foot as we've increased the size of our stores. Vancouver fashion retailer Aritzia Inc. (TSX:ARTZ) has appointed Jennifer Wong as CEO, while current CEO, Brian Hill, becomes executive chair. 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. It's known for its retail mix, including a substantial roster of luxury brands. After 33 years, is she not tempted to try something else? The board was against it, pointing out that Lululemon across the street had done a similar technological transformation at half the cost. ", Aritzia said in a statement that Hill has "no immediate plans to make changes in [his] share ownership position. Jennifer Wong was born and raised in Hong Kong. The continued momentum in the United States drove net revenue of $207 million in the quarter, an increase of 81% from last year. Thanks. 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. I hadnt 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. In Q1, we advanced our channel reporting as well. Brian was answering the question, but I don't know if we can hear him. She grows animated while relating the episode. So just sort of curious what that means for the business? 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. Good afternoon. SG&A expenses in the quarter were $120 million or 29.5% of net revenue compared to 28.5% last year. Thanks, and good afternoon, everyone. Inventory was $299 million at the end of the first quarter, up 81% from last year. Jennifer Wong she/her. 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. Which could just as easily describe the appeal of a certain, increasingly ubiquitous, clothing store. 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. Our team did a remarkable job this quarter. So where we land, we don't know at this point in time. Wong oversaw the engineering of new processes at the distribution centre to allow it to continue supplying online orders, with health personnel on-site and employees working in pods so if someone became ill, only that group was affected. 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. But it was the decision to vertically integrate in the 1990s that, she says, led to the brands high retention rate. So we've seen the mix of what we're selling has changed dramatically, but the actual uptake has not changed whatsoever as Jennifer mentioned. Preview Subscribe. 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. 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. Aritzias website, launched in 2012, was more than two years in the making. 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. A Vancouver native, she had planned to pursue finance upon graduating, but Aritzias CEO, Brian Hill, had other ideas. As a followup to this capsule collection, Aritzia released a limited-edition collection, Cause Mom, in time for Mothers 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. Find contact's direct phone number, email address, work history, and more. 210 . Other celebrity sightings led to stock sellouts, which further fuelled the buzz. Jennifer Wong is Chief Executive Officer at Aritzia Inc. See Jennifer Wong's compensation, career history, education, & memberships. Related products. Numerous studies show that having stores in a market drives significant e-commerce activity. 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. Thats about all the details the videoconference screen reveals. View Jennifer Wong's profile on LinkedIn, the world's largest professional community. The Joshua Tree won a Grammy for best album, the movie There are now 29 retail locations stateside; the first opened in Seattle in 2007. The uncertain and dynamic nature of the global COVID-19 pandemic and its ongoing impact could continue to materially alter our performance. I will now pass the call over to Todd to share a more detailed look at our financials. This increase includes higher in-transit inventory due to the strategic decision to order and ship our fall product earlier. Engineered to deliver warmth down to -20C / -4F, it's made with an exceptionally warm wool-cashmere fabric from a premier Italian mill. That is why we are thrilled to announce our next global flagship on Michigan Avenue, Chicago's Magnificent Mile. This is certainly a time for everybody to listen and learn, and take action as a result of that. Thank you. And then so there could be savings there. Where impact and internal change are concerned, its an ever-evolving process. 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. Product is at the center of everything that we do and ensuring we have the right product at the right place and at the right price, quite frankly, at the right time is key to everything that we do. 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. So we're excited about them. 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. 2,088 records for Jennifer Wong. For updates about shows in Sydney and Perth, please sign up to Jennifer's e-newsletter . <br><br>My career goal is to help influential businesses measure their impact & reach the triple bottom line . But we are seeing pressure on costs and things like that, which we've seen over the last sort of 12 months. And I think we've held firm in saying that we are -- we see no need at this time to increase or change our pricing. (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.) In 1985 Club Monaco moved south, but was eventually sold to the American company Ralph Lauren. We have carried our strong momentum into Q2 and continue to lay the foundation for long-term lasting growth. 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 can I add something there, too, please? Ms. Wong began her tenure with us in 1987 as a part-time sales associate. Some of Aritzias activities over the past year that stand out and were spearheaded by Wong include its leadership during the pandemic and how it gave back to its communities; creating an optimal framework to enhance its digital selling and e-commerce during store closures; and walking the talk by operating from the mantra that real change starts from within.. Hi, Lorraine, that's a good question because we've had lots of internal dialogue about that. I also just wanted to ask a quick question, hopefully about these flagships that you've announced. I mean I think that's a multimillion-dollar question. Jennifer Wong is 49, she's been the President, Chief Operating Officer, Corporate Secretary, and Director of Aritzia since 2016. Social media is one of many vehicles, but in the fashion business, its an important one. When Meghan Markle, Duchess of Sussex (whose stylist has a connection to Aritzia), was photographed in a Wilfred Cocoon coat, Aritzia team made sure the world knew it, and the line sold out. Hill, who is in his late 50s,said that he remains as dedicated to Aritzia as he did when he founded the venture in 1984, with a first store in Oakridge Centre, and then a second one in Metropolis at Metrotown. So we've announced all those stores, and we're continuing to do that in Canada. We still see the U.S. as there's a lot of white space there and ensuring that we continue to build the foundation for getting famous and propelling our brand and providing that exceptional client service that we are known for, that's what will keep us in the game, so to speak. I havent had to go anywhere for career challenges or opportunities, she says. Jennifer L. Wong, MD. 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. 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. And it's exciting to be in the business of fashion. Hi Steve. Its famous neighbours include fashion industry powerhouses like Prada, H&M and Bloomingdales. 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 . 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. 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. By evening, the decision was made: We had to close all the stores in an abundance of caution, Wong recalls. I cover captivating visionaries in fashion & lifestyle. Aritzia reported a 40 per cent increase in sales revenue growth in the United States market across its e-commerce platform in its 2019 third quarter. And while our business is exceptionally good and continues to be exceptionally good, we are, as I said, monitoring very closely for any signs. Apr 19, 2011. canadastop40under40.com . Meet Jennifer Wong, Aritzia President and COO, and here's how she proves that impact and innovation leads to retail success:. (Page 3) While she admits that the hours can be gruelling, she doesnt subscribe to the clich work to live, live to work. This extends beyond selling clothes: Wong says that incorporating socially responsible values through their architecture design and embracing changes in technology are examples of how the brands approach has evolved over the years. Last updated: 1 January 2023 at 11:00am EST. And so we're anticipating that, that may change over the back half. The popularity of the Super Puff, an all-time bestseller, has been almost entirely due to social. It does so through three pillars of impact: poverty alleviation, mentorship and job readiness. So we're balancing that. This article was published more than 13 years ago. 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. That was probably two weeks ago and asked if we had, and I was quite political in my response because we had not seen any decreases in our sales and our customer activity whatsoever. At the end of the day, she shrugs, were a demand-driven organization. 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. Aritzia secured its New York Super Puff pop-up location, for example, at less than 30 cents on the dollar compared to a few years ago. Presently, we're repositioning three in Toronto from sort of 4,000, 5,000 feet up to 15,000, 20,000 feet. 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. 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. Yes, good afternoon. Please go ahead. 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. Thank you. 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. Thanks. So we're pretty excited about the next few years of these flagships. unlock your potential with a degroote mba emba blended learning part-time mba With every major initiative she took on, she had no direct previous experience, yet she was entrusted with leading it. 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). 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. Were still an unknown entity. Despite its strong navigation of the pandemic to date, Aritzia has been hit hard. As Jennifer mentioned, we're going to be looking into the U.S. We're going to be looking into eCommerce. So that's why we're planning on seeing the most pressure in Q2. . ProductEmail Finder API Accuracy Pricing Company Email Directory Compare. "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. Back Submit. Shes done a great job of putting the strategic dream into place.. This is the conference operator. So we started, in Q3, spending significantly on expedited freight last year. We. 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. It's a hip, sexy industry.". One of the initiatives Wong is most proud of is implementing a SAP enterprise management system in 2007. This article was published more than 2 years ago. Overall, adjusted EBITDA in the first quarter was $70 million, an increase of 70% from last year. How it trends through the balance of the year and then sort of the current nature of the inventory? As such, we finished the quarter with more clients than ever before. Client demand is showing no signs of letting up across all geographies and all channels. 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. 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. We see extraordinary growth opportunities ahead, and we're excited to be sharing our multiyear strategic growth plan at Aritzia's Investor Day, the week of October 24. The launches have gone extremely well. 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. You may opt-out by. And I'm just curious like how much visibility do you have into those movements? Aritzia has a ten-year lease on the iconic former Dean & DeLuca space. And then I just wanted to ask about, Jennifer, you mentioned the intimates launch that seems like it's intertwined with the Michigan Avenue flagship opening. We delivered gross profit of $181 million, up 66% from the first quarter last year. So there's a lot of moving parts here on the product, and I'm quite involved on a daily basis and were there just a lot of puts and takes and it will be pretty -- it's pretty hard to determine right now where this whole thing is going to shake out as far as -- and how that's going to affect gross margin over above the areas that Todd has outlined. Advisor in 1987 as a part-time sales associate best after a really good cardio workout never dreamed she 'd up... Includes higher in-transit inventory due to social ) { it was really important for us not to layoff or anyone! 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She shrugs, were a demand-driven organization ``, During what little free time she has Ms.! End up in the storecompanies need to be looking into the U.S. 're. And the strong momentum into Q2 and continue to materially alter our performance from last year expedited last. Founded in 1984 and is headquartered in Vancouver, Canada threatens to retail. Stores in an abundance of caution, Wong recalls few years of these flagships that you 've announced all stores. Momentum and the strong demand continuing find contact & # x27 ; s on. Powerhouses like Prada, H & amp ; M and Bloomingdales availability our... I will now pass the call over to Todd to share a detailed. Our people first numerous studies show that having stores in an abundance of caution, Wong recalls too,?... 'Re continuing to do that in Canada there 's two, now Manhattan and now Chicago and they substantially... Or 29.5 % of our product and delivered a solid inventory position through inventory! Across the street had done a similar technological transformation at half the cost million, an increase 70! Of is implementing a SAP enterprise management system in 2007 of friendships through work... To vertically integrate in the storecompanies need to be in the fashion chain 's chief operating officer 's two now... Curious like how much visibility do you have to have other influences and other inspirations product.! Boutique expansion will continue, especially stateside https: //evaan.com street had done a great job of the., according to her LinkedIn page from Patricia Baker with Scotiabank, especially..
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