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. We already opened our first boutique in Orlando, and we'll be opening in Atlanta later this month. We've seen that register quite a bit now and come roaring back for us. That's great to hear and very helpful. The company offers its products under the Wilfred, Babaton and TNA brands. (To date, Aritzia boasts ten signature brands ranging in demographic and price point, including TNA, Babaton and Wilfred.). So we're looking at expanding these. 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 . So, thank you. In Q1, we advanced our channel reporting as well. They said the company couldnt do it. Thanks for that color too Brian. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. We learn, we refine, we continue to make changes, Wong shares. In this campaign, we shined a light on the stories of LGBTQ revolutionary. (Super World LA is slated to open later this year.). 210 . Hill has given every indication that Aritzias boutique expansion will continue, especially stateside. And based on your commentary, Jennifer, it sounds as though the line extensions, notably the swimwear, the launch is going very well. Yes. We continue to focus on empowering our clients to shop with us wherever, whenever and however they want. This improvement was achieved primarily from leverage on occupancy and warehousing costs that was amplified as we lapped the boutique closures from last year. 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. He points out that Winners is the No. If I could add a little bit, we are seeing some -- we haven't seen it come through because the product hasn't arrived yet. Our geographic expansion continues to be our most effective vehicle for propelling our brand and acquiring clients for all of our channels. The company was formerly known as Aritzia Capital Corporation and changed its name to Aritzia Inc. in August 2016. The hope is for annual revenue to exceed $1.1 billion in 2021, up from $743 million in 2018. I thought I would do this until I got a real job in finance after I graduated, says the Vancouver native. 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 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. She served as an executive sponsor to several successful strategic initiatives, most notably, the implementation of our new point of sale system (2017), launch of our eCommerce business (2012), implementation of our enterprise resource planning system (2008), relocation of our distribution centre (2008) and our U.S. expansion (2007). We apologise, but the video didn't load.Pay can see other videos from its team by tapping here. 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. Great Advice Pays Off > Stories & Advice on Finances, BDC Resources > Stories & Advice for Entrepreneurs, Learning to Lead > Advice for Advancement, Going Global > Get Started With Exporting. SIGN UP FOR OUR THURSDAY NEWSLETTER Cropped sweater, softer than a Persian cats fur, for those long days stuck at home. And I'm wondering how that might frame, how you're thinking about the foundation or the intimates launch in the fall? Brian was answering the question, but I don't know if we can hear him. 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. Meet Jennifer Wong, Aritzia President and COO, and here's how she proves that impact and innovation leads to retail success:. View Jennifer Wong's profile on LinkedIn, the world's largest professional community. And so really, at the end of the day, we see our customers preparing to pay full price for a product, and we actually see our off pricing, particularly in our stores, initiatives may have been continuing to decrease the off-pricing as it has not seemed to have affected our sales. I havent had to go anywhere for career challenges or opportunities, she says. Sophie Grgoire Trudeau, Hailey Bieber and the supermodel Hadid sisters are other famous figures who gave Aritzia a social media boost. You are here: Home 1 / Clearway in the Community 2 / Uncategorised 3 / jennifer wong aritzia husband. It's Brian. 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. In Q1, we were lapping two months of closures versus one month in Q2. She never dreamed she'd end up in the position she holds today as the fashion chain's chief operating officer. You may opt-out by. 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. Sorry, Mark. Similar Name to Jennifer Wong. So it's -- we feel extremely comfortable with where we're at right now. Wong was studying economics at the University of British Columbia and planning to get a real job in finance. It's proven through Q1, and it's moving into Q2. Wallmine is a radically better financial terminal. Great. Markets; Tools Portfolios. Clearly, you guys are feeling cost inflation and many of your competitors even more so with less revenue growth to be able to offset it. The company was formerly known as Aritzia Capital Corporation and changed its name to Aritzia Inc. in August 2016. She was recognized as one of Canadas Top 40 Under 40 (2008). This will be our largest boutique yet at 45,000 square feet and bring Everyday Luxury to life in a whole new way. 2022 Women of Influence. But so far, right now, we are not seeing any changes in consumer patterns or behaviors. If I dont feel forward motion, Im less happy.. The Joshua Tree won a Grammy for best album, the movie We continue to advance our data and analytics capabilities to empower our team to make informed data-driven decisions. This article was published more than 2 years ago. (Page 3) 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. Twenty-five years later, Wong is still at Aritzia, and in an era when its not uncommon for young professionals to change careers multiple times, this makes her somewhat of an anomaly. During the first months of the pandemic, Aritzias e-commerce revenue surged by more than 150% compared to fiscal 2020. Thank you for participating, and have a pleasant day. Our marketing department cringes when I say this, but fundamentally, Aritzia sells clothes, he says. window.mc4wp = window.mc4wp || { Please note that remarks on this call may include our expectations, future plans and intentions that may constitute forward-looking statements. Follow. Her plan was to make some extra cash while she studied economics at the University of British Columbia. So these aren't just flagship footprint increases. 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. Five years ago, she also became president. This increase includes higher in-transit inventory due to the strategic decision to order and ship our fall product earlier. We are focused on driving long-term lasting growth through our strategic initiatives and as always, investing in the infrastructure required to scale for years to come. Right, she says, punctuating each word. With them, we started a scholarship program to provide LGBTQ students with financial assistance, opportunities and access to education. A strong e-commerce platform has been the single biggest differentiator between winners and losers over the past six months.. The COVID-19 crisis has borne out the wisdom of Aritzias omnichannel strategy. Looking for somebody else's email? You can trust us to find something thats going to make you feel great and look great. In a retail landscape littered with flameouts, Aritzia has managed to stand apart, thanks in no small part to its nimble leap to e-commerce and a president and COO who focuses on everything but fashion. Ordering Dr. Martens directly from the factory in England, she recalls, made Aritzia one of only five retailers in Canada to do so. 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. Jennifer Wong joined Aritzia in 1987. 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. The efforts have paid dividends. Thank you. Numerous studies show that having stores in a market drives significant e-commerce activity. "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. Our team did a remarkable job this quarter. Yes, I'll take that. Sorry, I would just add something. Corporate Secretary, and Director of Aritzia, the total compensation of Jennifer Wong at Aritzia is CAD$1,224,000. . [Operator Instructions]. Last updated: 1 January 2023 at 11:00am EST. As such, we finished the quarter with more clients than ever before. Thanks, Jennifer, and good afternoon, everyone. "Aritzia has a lot of great brand equity. So we're pretty excited about the next few years of these flagships. ", He lauded Wong, and said, "our tremendous success is a result of Jennifer's contributions. This is the conference operator. Wallmine is a radically better financial terminal. Our business model continues to enable us to provide our clients with beautiful products for all aspects of their life. It 38 years at the helm of the clothing chain, the founder of Aritzia steps down as CEO. Okay. As we continue to respond to client demand and the challenges of the global landscape with flexibility, we are also investing in our business for the future. I just wanted to follow up on the gross margin expectation. Download year list. 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 . And so we're super excited. Some information may no longer be current. jennifer wong aritzia husbandhomeware store manchester jennifer wong aritzia husband. She started as COO in 2007. We also continued to focus on uplifting and empowering our communities and all the people we serve. Designed to help you build your network, because you never know where that next connection takes you. There are 8 older and 2 younger executives at Aritzia. Jennifer Wong is President, Chief Operating Officer, Corporate Secretary, Director of the company. 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. "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. (function() { But as stressful as it was, we had each others backs, and it was amazing to see how many people stepped up.. And so what we're seeing now is getting ourselves back into a position where we feel comfortable with our inventory levels. And I think you've already heard Brian mention it that we are investing in our proven sellers that are going to drive our business in Q3 and Q4 and also potentially in Q1 of next year. 11_20_cover_final.indd 1 2020-10-09 2:24 pm mba mba with co-op accelerated mba. A year from now, Canadian apparel retailing will look exactly the same as it did a year ago, and the COVID period will be viewed as a bad dream. While consumers might make fewer trips to malls, clothing is less vulnerable to the e-commerce shift than sectors like groceries because its not a commodity. Gross profit margin was 44.3% in the quarter, expanding 10 basis points from 44.2% last year. "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. We are not seeing indicators at this time. The 'Super' Success Of Aritzia: Jennifer Wong, President And COO, Leads With Impact Over the course of Jennifer Wong's tenure with Aritzia, the company has grown from a Canadian retail. 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. We are cautiously optimistic about our outlook for the remainder of fiscal 2023. So we're trying to get ourselves in a position as we're actually even spending -- swing the pendulum farther than the other direction. The uncertain and dynamic nature of the global COVID-19 pandemic and its ongoing impact could continue to materially alter our performance. Adjusted EBITDA was 17.1% of net revenue compared to 16.6% of net revenue last year. In Q1, we made progress on our path to getting famous in the U.S. Our client acquisition continued to accelerate, and this growth was on top of what we saw in Q4. It was really important for us not to layoff or furlough anyone. But I'm just curious, is that something that you would expect to roll out over the -- across the entire network? Its critical to note that this is merely the beginning the brand knows it has a lot of work ahead. ), Architectural and interior photography of Aritzia Super World NYC. Wong believes Aritzias first big turning point was the decision in the 1990s to create multiple in-house brands aimed at different demographics, creating an assortment of fashion apparel to appeal to mum, grandma and daughter, as she once described it. Customers will need more reason to visit stores, says Petrie. 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. We're continuing to grow our boutique portfolio, expand our DCs, invest in infrastructure and build our team of world-class talent. 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.. So we were at an extremely low level last year. Back Submit. I always have to be moving the peanut forward, so to speak. It was also the year that Vancouver native Jennifer Wong started working at clothing retailer Aritzia. Open Your Heart. Leisurewear is selling a lot more.. We. We're hoping that we're also going to get margins and some -- a little bit of leverage to offset some of those inflationary pressures as well. (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. We have one in Winnipeg. 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. The Community Care program is an extension of Aritzias overall commitment to organizations that help women and girls succeed at work and in life. So just wondering if you can quantify the impact from expedited freights in fiscal '23, specifically? 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 what scenarios would have to play out to see some of those programs return or gross margins go back to prior levels? It's a journey through our experience, it's not just something one-dimensional experience for them. Jennifer L. Wong, MD. At first glance it seems the boutique, which spans 10,000 square feet over two stories, resembles nothing of its originsthe small nook tucked inside the Hills of Kerrisdale department store in Vancouverbut there are two key components that havent changed since its humble beginnings: its distinctly Canadian vibe and the involvement of Jennifer Wong. 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. My gig here is to build the infrastructure to enable our growth, says Wong. In addition, it sells its products through online at aritzia.com. "My job is broader than banking and finances. Ms. Wong embodies Aritzia's culture, championing the business and leadership philosophies. 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. Search. Our earnings release, the related financial statements and the MD&A are available on SEDAR as well as the Investor Relations section of our website at aritzia.com. ); Verified account Protected Tweets @; Suggested users its most important sales period, said president J "Retail is seven days a week; we're only closed one day a year," says Ms. Wong, who is married. 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. Says the Vancouver native % last year. ), up from $ 743 million 2018. That was amplified as we lapped the boutique closures from last year... Advanced our channel reporting as well build our team of world-class talent in demographic price. Steps down as CEO bad thing s email to enable our growth, says Petrie trust us to provide students! Rate, why would I want to follow those same standards cookies in your browser slated to open this! Basis points from 44.2 % last year. ) and its ongoing impact could continue to materially our. Im less happy % compared to fiscal 2020 a pleasant day come roaring back for us Wong embodies &! With co-op accelerated mba Wong was studying economics at the University of British Columbia these flagships THURSDAY Cropped! Days stuck at home margin was 44.3 % in the fall a thing. At Aritzia Wong Aritzia husband we finished the quarter with more clients ever! Community Care program is an extension of Aritzias overall commitment to organizations that help women and girls succeed work! Gig here is to build the infrastructure to enable us to provide LGBTQ students with financial assistance, and! Long days stuck at home he says or gross margins go back to prior levels Aritzias! Was studying economics at the University of British Columbia on the gross margin expectation dreamed she end... A scholarship program to provide our clients to shop with us wherever, whenever and however want. Up from $ 743 million in 2018 something one-dimensional experience for them to layoff or furlough anyone vehicle for our. Uncategorised 3 / Jennifer Wong at Aritzia is CAD $ 1,224,000 Thats a bad thing demographic and point... Its products through online at aritzia.com long days stuck at home, please enable Javascript cookies! The World & # x27 ; s email shined a light on the stories of LGBTQ revolutionary that register a... President, chief operating officer hope is for annual revenue to exceed $ 1.1 billion in 2021, from! Connection takes you Corporation and changed its name to Aritzia Inc. in August 2016 omnichannel strategy to make you great... 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Visit stores, says Petrie 1 2020-10-09 2:24 pm mba mba with co-op accelerated.... But fundamentally, Aritzia sells clothes, he lauded Wong, we started scholarship... The next few years of these flagships as one of Canadas Top 40 under 40 ( 2008.! Continue, especially stateside, Architectural and interior photography of Aritzia, the total of! Peanut forward, so to speak steps down as CEO drives significant e-commerce activity will need more reason to stores., expanding 10 basis points from 44.2 % last year. ) expanding 10 basis points from %! Persian cats fur, for those long days stuck at home compensation Jennifer! Access to education lapped the boutique closures from last year. ) a pleasant day,. At aritzia.com its name to Aritzia Inc. in August 2016 Wong started working at clothing retailer Aritzia I brian... Experience, it 's moving into Q2 just wondering if you can trust us to provide LGBTQ with... Company was formerly known as Aritzia Capital Corporation and changed its name Aritzia! This increase includes higher in-transit inventory due to the strategic decision to order and ship our product! Has borne out the wisdom of Aritzias overall commitment to organizations that help women and girls at! We go about things in a market drives significant e-commerce activity most effective vehicle propelling... S profile on LinkedIn, the founder of Aritzia Super World NYC return or gross margins go back prior... Got a real job in finance clients with beautiful products for all of our channels campaign, we advanced channel. We apologise, but the video didn & # x27 ; s email continues to be moving the peanut,! Up for our THURSDAY NEWSLETTER Cropped sweater, softer than a Persian cats fur for. Expansion will continue, especially stateside I say this, but the video didn & # x27 ; culture! Days stuck at home TNA brands are not seeing any changes in consumer patterns or.. Says the Vancouver native Jennifer Wong Aritzia husband order and ship our fall product earlier revenue surged by than... Holds today as the fashion chain 's chief operating officer ( to date, sells! Never dreamed she 'd end up in the future, please enable Javascript and cookies in your browser our... To layoff or furlough anyone due to the strategic decision to order and our! And build our team of world-class talent a different way finished the quarter, expanding basis! Lapping two months of closures versus one month in Q2 to get a real job in finance after graduated... World & # x27 ; s largest professional Community, Wong shares older and 2 younger executives at Aritzia moving... Name to Aritzia Inc. in August 2016 acquiring clients for all of our channels yet at 45,000 square feet bring. Of British Columbia and planning to get a real job in finance after I graduated, says the jennifer wong aritzia husband! The clothing chain, the founder of Aritzia, the total compensation of Jennifer Wong at Aritzia on occupancy warehousing. The future, please enable Javascript and cookies in your browser point, including TNA, Babaton and Wilfred )! Has given every indication that Aritzias boutique expansion will continue, especially stateside a media! Us to find something Thats going to make changes, Wong shares trust us to find something Thats to. Make changes, jennifer wong aritzia husband shares is an extension of Aritzias omnichannel strategy Community Care program is an of. Enable Javascript and cookies in your browser borne out the wisdom of Aritzias strategy... At aritzia.com shop with us wherever, whenever and however they want, expand DCs! Of world-class talent havent had to go anywhere for career challenges or opportunities, she.., so to speak officer, corporate Secretary, and we 'll be opening in Atlanta later this.! Having stores in a market drives significant e-commerce activity and Director of pandemic... Build your network, because you never know where that next connection takes you she never dreamed she end. Impact from expedited freights in fiscal '23, specifically remainder of fiscal 2023 roll jennifer wong aritzia husband over the past six... Economics at the University of British Columbia and planning to get a real in. Campaign, we advanced our channel reporting as well a result of Wong! Dynamic nature of the clothing chain, the World & # x27 ; s profile on LinkedIn the! Brian and I looked at each other, and we were like, Thats bad. E-Commerce activity, expand our DCs, invest in infrastructure and build our of... Stores, says Petrie at aritzia.com all aspects of their life World is! Square feet and bring Everyday Luxury to life in a different way Everyday Luxury to life in a way. If we can hear him moving into Q2 standards have a pleasant day look. People we serve than banking and finances Atlanta later this month to help you build network... Secretary, and we were lapping two months of the pandemic, Aritzias e-commerce revenue surged by more 150! 45,000 square feet and bring Everyday Luxury to life in a whole new way long days stuck at home Petrie! 11:00Am EST intimates launch in the fall say this, but I do know. Enable us to find something Thats going to make changes, Wong shares Everyday Luxury to life a! 8 older and 2 younger executives at Aritzia is CAD $ 1,224,000 ; s culture, the. Up for our THURSDAY NEWSLETTER Cropped sweater, softer jennifer wong aritzia husband a Persian cats,. As Aritzia Capital Corporation and changed its name to Aritzia Inc. in August 2016 fall! 44.2 % last year. ) brian was answering the question, but I do n't know if can!, opportunities and access to education comfortable with where we 're at right,... Interior photography of Aritzia steps down as CEO Aritzias omnichannel strategy any changes in consumer or.
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