Related products. 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. Yes, we aren't seeing any change in that right now. Overall, adjusted EBITDA in the first quarter was $70 million, an increase of 70% from last year. Please. Our business model continues to enable us to provide our clients with beautiful products for all aspects of their life. She studied English at Oxford University and earned an MA in creative writing at the University of East Anglia. I cover captivating visionaries in fashion & lifestyle. 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. I wanted to ask, I guess, just on the sort of price and promotional environment and sort of competitive environment. We delivered another quarter of exceptional financial results, again, exceeding our expectations, driven by stronger-than-anticipated demand, particularly in the United States as our brand continues to gain momentum. Its famous neighbours include fashion industry powerhouses like Prada, H&M and Bloomingdales. We had a terrific start to the year. A core value guiding the brand is its give-back initiative, as evidenced by the work it committed to at the start of the pandemic. I think it's starting with last year is probably the right place to start when you look at the year-over-year growth. And based on your commentary, Jennifer, it sounds as though the line extensions, notably the swimwear, the launch is going very well. Jennifer Wong: Chief Executive Officer of Aritzia: Director; Corporate Governance Documents. Jennifer Wong is President, Chief Operating Officer, . We have doubled our U.S. active client base compared to last year. We maximized the availability of our product and delivered a solid inventory position through strategic inventory management and expedited freight. Opinions expressed by Forbes Contributors are their own. "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. 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. Thank you. Good afternoon, everyone, and thank you for joining us today. Over time, the collection grew to more than a dozen brands, some featured in standalone boutiques. jennifer wong aritzia husbandhomeware store manchester jennifer wong aritzia husband. But whether we're going to sell it now or not, that has not -- is yet to be included. involvement of Jennifer Wong. . 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. Analysts had expected the company to generate about $135.4 million in net revenue. 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. } Outside brands like Levis make up less than 10% of its sales. Strategic real estate choices have also always been important to the brand, and Aritzia is growing in that realm and making power moves. Ms. Wong embodies Aritzia's culture, championing the business and leadership philosophies. on: function(evt, cb) { At the buzzing Vancouver headquarters, the airy and bright interior contrasts with Wongs impeccably cool gym attire, an all-black matching affair boasting the companys on-site fitness centre branding. jennifer wong aritzia husband. Designed for executives who want to optimize their leadership potential and continue to establish their legacy. Our team did a remarkable job this quarter. Back Submit. Some information may no longer be current. We learn, we refine, we continue to make changes, Wong shares. Thanks great. After 33 years, is she not tempted to try something else? 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. The Wilfred Cocoon Coat Long is a long wool-cashmere coat. 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. Our store in SoHo is half the size it should be at 20,000 feet. We have a lot of Canadians with American citizenship working at the SoHo location, says Wong. "Aventura Mall is one of the top shopping centers in the U.S. She joined Aritzia as a style advisor in 1987, according to her LinkedIn page. Wong was studying economics at the University of British Columbia and planning to get a real job in finance. Meet Jennifer Wong, Aritzia President and COO, and here's how she proves that impact and innovation leads to retail success:. november 2020. "We are very well known and loved in Canada," Wong said in an interview. 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. And presently, we're not looking at -- we're looking at promoting our swim and things in our stores, for sure, intimates as well. It remains to be seen whether COVID-19 will permanently change shopping dynamics. } It's hard to predict at this point. I run the fashion; she runs the business., During the fateful ides of March, that business faced a catastrophe. And many people dont realize the founder of the iconic brand American Apparel actually hails from Canada. It's a journey through our experience, it's not just something one-dimensional experience for them. I'm going to pass that over to Brian because it's a product question, if you don't mind. We better enabled clients to effortlessly shop the 63% of our spring/summer collections made from certified, organic or recycled materials. Good afternoon. 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 . Wong has been at the Canadian womenswear brand for In terms of pricing and what we're seeing out there with inflation, we're getting this question a lot. It's Brian. As the Pres, COO, and Corp. Sec. 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. That's where the big opportunity is and that's where we're really excited. See the complete profile on LinkedIn and discover Jennifer's connections and jobs at similar companies. Thanks, and good afternoon, everyone. Demand for our much-loved Everyday Luxury experience from new and loyal clients has continued to exceed our highest expectations. 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. The COVID-19 crisis has borne out the wisdom of Aritzias omnichannel strategy. 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. The efforts have paid dividends. There are 1 executives at Aritzia getting paid more, with Jed Paulson having the highest compensation of $2,449,610. 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. Engineered to deliver warmth down to -20C / -4F, it's made with an exceptionally warm wool-cashmere fabric from a premier Italian mill. So these aren't just flagship footprint increases. And then so there could be savings there. 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. The Vancouver-based company, which went public in 2016, says. And Todd, you gave some commentary around sort of the cadence of pressure as the year unfolds or the rest of the year unfolds. Which could just as easily describe the appeal of a certain, increasingly ubiquitous, clothing store. 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. This version of The Cocoon Coat is longer than the original and intended to hit below the . 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. Some information may no longer be current. The limitless opportunity to learn is what excites Wong about working at Aritzia. The chain oozes cool: it often hires DJs to play in its stores. { The popularity of the Super Puff, an all-time bestseller, has been almost entirely due to social. The next question is from Patricia Baker with Scotiabank. 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. The online infrastructure held up despite days that were as busy as Black Friday and Cyber Monday, says Wong. Thanks so much for that color. There's a Louis Vuitton flagship store in there.". To maintain our momentum, we added new and improved features and functionalities to The uncertain and dynamic nature of the global COVID-19 pandemic and its ongoing impact could continue to materially alter our performance. This included improving our product discovery. And then as I said, in Q4, we're anticipating that we have the opportunity to move slightly positive from a gross profit perspective. Im usually the boring one who has to say, Id never wear that. Hill and Wong have established a clean division of duties. Wongs stamina in the face of opposition and the way she fiercely embraces a challenge make her a great sparring partner for Hill. Their tireless hard work, dedication and resilience is unmatched and is what delivered another exceptional quarter. Get 5 free searches. Our new stores are getting bigger. 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. >> Rocketreach finds email, phone & social media for 450M+ professionals. 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. Other celebrity sightings led to stock sellouts, which further fuelled the buzz. She pauses to consider. Wong was 18 years old when she started working as a part-time sales associate at Aritzia in 1987. Aritzia's CEO is Jennifer Wong . 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. Download year list. But as far as the other inflationary pressures, we're anticipating that those will remain for the rest of the year. Ms. Wong was 18 years old at the time and studying commerce at the University of British Columbia. . This increase includes higher in-transit inventory due to the strategic decision to order and ship our fall product earlier. In Q2, we're entering new markets. 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. Since I started my career at Aritzia I cant say, Ive been there and done that, says Wong. ", He lauded Wong, and said, "our tremendous success is a result of Jennifer's contributions. Education Designed for enterprising woman who want to get ahead of their career goals by taking a proactive approach. Ms Wong is 51, she's been the Pres, COO, and Corp. Sec. She is really nice , sweet and funny. The company's fourth-quarternet revenue increased by66.1 per cent, compared to the same quarter a year ago, to $444.3 million. 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. I love what we're doing personally. Report this profile Report Report. 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? And as always, we put our people first. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. These results are exceptional, demonstrating the strength of our business as we continue to drive ongoing momentum in the United States and Canada returns to full strength and all accomplished in spite of impacts from ongoing global supply chain disruptions and the challenging macro environment. Thank you, Todd. A wall of windows overlooks the Port of Vancouver. "The funny thing is, being at Aritzia has far exceeded any career aspirations I could have imagined," says Ms. Wong, noting she was inspired to study finances by her father, a banker and her mentor. Fatal Attraction came out, and radio stations were playing Madonna's And as Jen mentioned, we're going to monitor all the other aspects of this. Hill has given every indication that Aritzias boutique expansion will continue, especially stateside. 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. This reflects continued strength in the United States in both retail and eCommerce as well as a strong recovery of our business in Canada. I don't know if the boutiques themselves and the quantity is changing. And what are the biggest things that may cause gross margin to potentially come in better or worse than expected? 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. You think of fashion as buyers, creative designersall very glamorous on the outside. In Q1, our business sustained its exceptional momentum as we saw strength in all geographies and all channels, particularly in the United States. The oldest executive at Aritzia, Inc. is AldoBensadoun, 79, who is the Independent Director. 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. And even our largest stores can only hold 50% of our product at this point in time. Are you seeing any mix shift? Aritzia Inc. (OTCPK:ATZAF) Q1 2023 Earnings Conference Call July 07, 2022, 04:30 PM ET Company Participants Beth Reed - VP, IR Jennifer Wong - CEO Todd Ingledew - CFO Brian Hill - Founder. Aritzias sales at its roughly 30 U.S. locations have consistently exceeded expectations, and the market is now its main growth engine. Wong embodies Aritzia's culture, championing our business and leadership philosophies. With that, I'll now turn the call back to Jennifer. Preview Subscribe. So if you could just talk a little bit about some of the attributes that you think should help Aritzia weather this rocky period? "It's really nice working with a well-received brand," she adds. 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. Aritzia has a ten-year lease on the iconic former Dean & DeLuca space. If you have an ad-blocker enabled you may be blocked from proceeding. We want to make sure our people reflect our brand and exude our culture., One of the challenges Wong faces as a leader of a growing organization is her inability to draw on previous work experiences. I mean we've always talked about new boutiques and repositioned boutiques. 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? It is not the customer experience we want to in the elevated Everyday Luxury experience, we want to translate to our customers. Search. And if I could just add something there. & Non-Independent Director of Aritzia, the total compensation of Ms Wong at Aritzia is CAD$1,096,831. By evening, the decision was made: We had to close all the stores in an abundance of caution, Wong recalls. So, thank you. 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. Get Jennifer Wong's email address (j***** and phone number (604-805-..) at RocketReach. 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. Jennifer Wong is Chief Executive Officer at Aritzia Inc. See Jennifer Wong's compensation, career history, education, & memberships. Aritzia says founder and chief executive Brian Hill is stepping down from the role after leading the clothing retailer for 38 years. As much as real estate is a priority for Aritzia, the brands digital footprint is also a critical part of its strategy. 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.
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