Great. 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. The next question is from Irene Nattel with RBC Capital Markets. They also launched their first paid Instagram campaign with Kendall Jenner in October 2018. We. It's really from a building our inventory to be able to meet the demand that we have today and ensuring that we're in the right product. The website now services over 200 countries worldwide. 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. We continue to grow our team with world-class talent. Wong says what she values in life isnt that complicated or luxurious, its actually kind of simplebut not lacking for quality. I like to drive things to be solved or fixed or built, Wong says. Meanwhile, it makes deep buys of historically successful products that get refreshed year by year, says Stephen MacLeod, an analyst at BMO Capital Markets. Aritzia 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. 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. No Credit Card required. We filled a multitude of key positions across all areas and levels of our business. As much as real estate is a priority for Aritzia, the brands digital footprint is also a critical part of its strategy. As retail director Georgina McMichen leads the way around the flagship store on Torontos posh Bloor Street West, she also points out the expanded selection of sweats and denim. I just sort of -- lots of great ground you've covered so far. The push also goes the other way: When Aritzia opened boutiques in Minneapolis and Denver, e-commerce sales in those markets doubled, says Hill. No wonder: she's been with the company since 1987, when she joined the Robson Street store as a seasonal style advisor. 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. And the product doesn't necessarily need to go to all -- through all channels. 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. [Operator Instructions] The first question is from Mark Petrie with CIBC. 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. In Canada, there are currently 70 storefront locations, including standalone storefronts for Babaton, TNA, and Wilfred, and the company launched its first concept caf, A-OK, at Torontos Bloor-Yonge flagship location in February. Please go ahead. Last updated: 1 January 2023 at 11:00am EST. This article was published more than 13 years ago. She has executive oversight of support functions including human resources, finance, information technology, supply chain, employee experience, communications, and enterprise risk management. I think it's starting with last year is probably the right place to start when you look at the year-over-year growth. Our buyers started to recognize that there were opportunities in the marketplace that they werent finding with these third-party brands, she notes, adding that at the time, only five per cent of all stock were in-house brands. The Joshua Tree won a Grammy for best album, the movie Wong was named COO in 2007, and in 2015, was named president & COO of Aritzia. I think the biggest difference is the timing this year. 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. Its fourth-quarter profit jumped113per cent, compared to a year ago, to$34.2 million. We're positioned very nicely where we think that we might lose some customers at the bottom, but we will certainly see some customers trading down. There are 2 executives at Aritzia getting paid more, with Jed Paulson having the highest compensation of $2,449,610 . Apr 19, 2011. canadastop40under40.com . It didnt lay off any staff, instead shifting many to help with e-commerce and call centre operations. The company was formerly known as Aritzia Capital Corporation and changed its name to Aritzia Inc. in August 2016. It's what we're actually trying to do here, which is working out quite well because, as you know, there's a lot of retailers out there that are shedding bigger stores and everything else. 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. Get 20 FREE Email lookups. She served as an executive sponsor to several successful strategic initiatives, most notably, the . We might be down 10% from the peak is what we're seeing. And so we're super excited. 1,039 Followers, 784 Following, 31 Posts - See Instagram photos and videos from Jennifer Wong (@jennwongg) jennwongg. Are you seeing any mix shift? 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. This is a beautifully structured coat with a wrap silhouette and a cozy collar that can be worn up or down. Aritzia Inc. was founded in 1984 and is headquartered in Vancouver, Canada.. ", He added that Wong's leadership style "exemplifies our values, and deeply resonates with and inspires our people.". So we started, in Q3, spending significantly on expedited freight last year. involvement of Jennifer Wong. Thanks. But as far as the other inflationary pressures, we're anticipating that those will remain for the rest of the year. So we're trying to get ourselves in a position as we're actually even spending -- swing the pendulum farther than the other direction. One of the things were good at is understanding what our customer wants, she explains. I've made lots of friendships through my work. I guess there's two, now Manhattan and now Chicago and they're substantially larger than the stores that you typically build. But we are seeing pressure on costs and things like that, which we've seen over the last sort of 12 months. 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. . 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. So where we land, we don't know at this point in time. ), Architectural and interior photography of Aritzia Super World NYC. 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). So we're super excited with the experience. jennifer wong aritzia husbandhomeware store manchester jennifer wong aritzia husband. Its famous neighbours include fashion industry powerhouses like Prada, H&M and Bloomingdales. 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. In fact, we did, says Wong defiantly, launching the first stores right in the middle of the financial crisis. In Q1, we launched our first-ever swim collection, and we extended our footwear offering through our first partnership with Vans. But right now, as of today, we haven't seen a material change from the peaks that we've been experiencing over the last six to nine months. Is the consumer acting any differently around going out and where to work? Meaghen, I'll take that one. We focused on enhancements to our eCommerce and Concierge dashboards. His fashion retailer has increased in size to 106 stores, including some under banners such asTNA, Babaton and Wilfred. So where last year, the majority of the air freight was in the back half of the year, this year the majority is in the first half, including partially into the third quarter. How much relates to the closures last year expedited freight? The Jennifer Wong COO Aritzia LP. Jennifer served as Chief Operating Officer and President, Chief Operating Officer and Secretary for Aritzia. What developed was the vision to vertically-integrate a variety of different brands, rounding out an assortment of fashion apparel to appeal to mum, grandma, and daughter. Original labels Babaton, Talula, and TNA are among 16 exclusive Aritzia in-house brands which now make up 95 per cent of the stock; Denim Form, launched in 2018, is the most recent. We better enabled clients to effortlessly shop the 63% of our spring/summer collections made from certified, organic or recycled materials. Not if you know how to do bricks and mortar right. Please note that due primarily to the timing of expedited freight this year versus last year, for the remainder of the year, we expect higher pressure on gross profit margins in the second quarter and for that pressure to subside partially in the third quarter with the opportunity for gross profit margin in the fourth quarter to be slightly positive as we lap elevated freight costs in the back half of last year. (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 . This. And what scenarios would have to play out to see some of those programs return or gross margins go back to prior levels? We're not even convinced at this point in time, we're going to offer intimates and swim in our stores. Corporate Secretary, and Director of Aritzia, the total compensation of Jennifer Wong at Aritzia is CAD$1,224,000. In Q1, we reached the 50 people milestone on our data and analytics team. The pale wood desk in her office is so clean it seems to have been staged for a photo shoot, but she insists it always looks this way. If I dont feel forward motion, Im less happy.. We had a terrific start to the year. Picture by Aritzia Article content material. Jennifer Wong is Chief Executive Officer at Aritzia Inc. See Jennifer Wong's compensation, career history, education, & memberships. To date, it has contributed more than $36 million in product donations, financial support and volunteer hours to non-profits and Aritzia Community partners that share its values. Jennifer Wong was born and raised in Hong Kong. Wong explains the growth of Aritzias e-commerce: Upon the closure of our boutiques, we took immediate action to drive e-commerce revenue, adjusting our product, marketing and operational strategies appropriately. . ", Aritzia said in a statement that Hill has "no immediate plans to make changes in [his] share ownership position. This increase includes higher in-transit inventory due to the strategic decision to order and ship our fall product earlier. Markets; Tools Portfolios. Wong dropped off her two school-aged boys at ski school and drove to the office to meet with Hill and Aritzias COVID-19 task force. Is. Email Address * Country * })(). Aritzia's popular TNA sweatsuit, Photo Credit: Courtesy of Aritzia. The house-of-brands approach also enables the company to shift focus and inventory with fashions ebbs and flows. Where impact and internal change are concerned, its an ever-evolving process. You can trust us to find something thats going to make you feel great and look great. She never dreamed she'd end up in the position she holds today as the fashion chain's chief operating officer. We -- as you mentioned, we have less off pricing going on. 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. 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. Working as Aritzias first buyer and retail manager, Wong sharpened her skills in inventory, with a flair for fashion market trends. They continue to navigate the ongoing headwinds of the global landscape to deliver for our clients and our business. Back Submit. While she admits that the hours can be gruelling, she doesnt subscribe to the clich work to live, live to work. Even before the pandemic hit, Canadian fashion retail was littered with flame-outs, including Reitmans, Le Chteau and Danier. Our store in SoHo is half the size it should be at 20,000 feet. These are all our store footprint increases. The company's fourth-quarternet revenue increased by66.1 per cent, compared to the same quarter a year ago, to $444.3 million. Many of the strategic decisions Aritzia had made in earlier years bore fruit during the crisis. The campaign features Canadian models (and mothers) Tasha Tilberg and Janice Alida photographed with their children. With that, Shah, please open up the line for questions. Additionally, Jennifer Wong has had 1 past job as the Vice President / Vice President Support Operations at Aritzia. Engineered to deliver warmth down to -20C / -4F, it's made with an exceptionally warm wool-cashmere fabric from a premier Italian mill. So one, what are you seeing out there with regards to your competitors? jennifer wong aritzia husband 21st May 2022 . Our new stores are getting bigger. And then the store closures from last year as well. Wong has been an integral part of the companys growth, spearheading the implementation of Aritzias resource planning system and overseeing the companys U.S. expansion, including the June 2011 opening of the New York City store, Aritzias ninth American location. The arrival of the fall lines is something of a relief, given the spring and summer seasons were largely cancelled by the pandemic. And also interesting Brian's comment about a friend who isn't seeing that. The efforts have paid dividends. To boost sales, Aritzia invested in an Instagram campaign with Kendall Jenner, who reportedly gets north of US$500,000 per post. What makes Aritzia different, says Wong, is that it values its Canadian roots and is commitment to maintaining its unique culture. 5 5 0. Turning to our outlook. 2,088 records for Jennifer Wong. 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. Wongs impressive advancement can be attributed to a potent combination of commitment, ambition and her innate business acumen; forget dollhouses, as a child Wong was more interested in playing business on her toy IBM typewriter. It forecasts the countrys clothing sales will plunge 30% from 2019; the biggest previous one-year drop, in 2009, was 2.3%. So it's -- we feel extremely comfortable with where we're at right now. She joined Aritzia as a style advisor in 1987, according to her LinkedIn page. Please. 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. 2022 Women of Influence.All rights reserved. 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, our retail business surpassed our expectations as it increased 101% from last year. 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. I mean I love this way more. Yes, I'll take that. So, thank you. 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. He's talking. We have carried our strong momentum into Q2 and continue to lay the foundation for long-term lasting growth. In terms of pricing and what we're seeing out there with inflation, we're getting this question a lot. meet aritzia's jennifer wong, one of canada's 50 best executives. on: function(evt, cb) { Jennifer Wong joined Aritzia in 1987. 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. Photographed by Eric Soltan - [+] https://www.ericsoltan.com, The Super Puff pop-up shop, which is an immersive pop-up environment that opened in December 2020 in SoHo, is aptly named Super World. The launches have gone extremely well. This reflects continued strength in the United States in both retail and eCommerce as well as a strong recovery of our business in Canada. And presently, we're not looking at -- we're looking at promoting our swim and things in our stores, for sure, intimates as well. But -- so we see some growth there. . 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. For updates about shows in Sydney and Perth, please sign up to Jennifer's e-newsletter . Aritzia was startedinside the Hill familys80-year-old department store in Vancouver. Given current market conditions, we have increased our pace of planned repurchases. 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. Footprint is also a critical part of its strategy expectations as it increased 101 % from peak! The store closures from last year as well as a style advisor in 1987 according... That the hours can be worn up or down was formerly known as Aritzia Capital Corporation and its! Lines is something of a relief, given the spring and summer seasons largely. 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