Aritzia Inc. was founded in 1984 and is headquartered in Vancouver, Canada.. This improvement was achieved primarily from leverage on occupancy and warehousing costs that was amplified as we lapped the boutique closures from last year. In addition, it sells its products through online at aritzia.com. Aritzia Inc. was founded in 1984 and is headquartered in Vancouver, Canada.. We have a lot of Canadians with American citizenship working at the SoHo location, says Wong. Jennifer Wong, COO and president at Aritzia, Photo Credit: Evaan - https://evaan.com. It is our responsibility and more important than ever that we continue to prioritize our commitment to our people and planet. And then we're obviously monitoring our usage as well. 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. MEDIA ADVISORY REMINDER - Aritzia Fiscal 2021 Q4 earnings release and webcast on Tuesday, May 11th And then that will begin to ease in Q3. She joined Aritzia as a style advisor in 1987, according to her LinkedIn page. Yes, I'll take that again. the magazine for leaders she built a fashion empire by worrying about everything (except the fashion). Brian Wong The cheat code. Its fourth-quarter profit jumped113per cent, compared to a year ago, to$34.2 million. 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. And I think that we're in it for the long game, as Jen mentioned. 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. 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. The company's fourth-quarternet revenue increased by66.1 per cent, compared to the same quarter a year ago, to $444.3 million. The latest Super Puffs, now also available for men, are the stars of fall window displays in Aritzias flagship stores, and the company recently opened Super Puff pop-ups in New York and L.A. Stores continue to be the companys primary marketing vehicle. Thats my game, and this was the ultimate stress test, says Wong. The new expectations represent growth of 25% to 27% for the full year. The continued momentum in the United States drove net revenue of $207 million in the quarter, an increase of 81% from last year. Maybe you could just talk a little bit about how that space is going to be utilized? event : evt, Get Contact Info for All Departments. I mean we've always talked about new boutiques and repositioned boutiques. 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. Outside brands like Levis make up less than 10% of its sales. Track performance, allocation, dividends, and risks . We look forward to sharing our long-term targets with you at our upcoming Investor Day. This. 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. Apr 19, 2011. canadastop40under40.com . Combination of our geographic expansion and beautiful product collections continued to fuel our brand awareness and client acquisition. I'm Leeza (she/her). So the economics work. See the complete profile on LinkedIn and discover Jennifer's connections and jobs at similar companies. We plan to continue to leverage our strong balance sheet to make strategic investments to drive sustained profitable growth into the future and deliver meaningful shareholder value. "I feel my best after a really good cardio workout. I always have to be moving the peanut forward, so to speak. 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. For the first quarter, we generated net revenue of $408 million, an increase of 65% from last year. 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. We need to go beyond that because we don't want to be in a position where we're buying at 70%, expecting increases of 70% and all of a sudden, we have some COVID shutdowns or there's some shipping delays and things like that. Aritzia Inc. was founded in 1984 and is headquartered in Vancouver, Canada. Theyre not going to be sitting on obsolete inventory if they miss a season., Calibrating trends is not Wongs domain, she admits. When this store reopened in May, a two-hour lineup of shopping-starved women snaked around the block, held at bay by a crew of masked staff armed with disinfectant bottles. What are some additional names or alternative spellings that users use while searching for Aritzia? Jennifer Wong is the president and COO at Aritzia, an innovative design house and fashion boutique that conceives, creates and develops its own exclusive brands, each with a unique vision and. Jennifer Wong, who began her career at Aritzia as a . And then we want to not only catch up with that, but we're trying to get our inventory even higher to sort of alleviate the expedited freight, coupled with the ongoing rolling COVID closures and some of our supply chain as well. Search. 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. (To date, Aritzia boasts ten signature brands ranging in demographic and price point, including TNA, Babaton and Wilfred.). Back Submit. A new app will also allow advisers to stay in regular touch with customers, even sending packages of curated selections to those who prefer not to come in. Aritzia Inc. is a Canada-based company, which is a design house and fashion boutique. For updates about shows in Sydney and Perth, please sign up to Jennifer's e-newsletter . Sorry, I would just add something. We had a terrific start to the year. Aritzia today also released fourth-quarter andfiscal 2022 financial data,for the period that ended February 27. There are 8 older and 2 younger executives at Aritzia. Hill has given every indication that Aritzias boutique expansion will continue, especially stateside. Over time, the collection grew to more than a dozen brands, some featured in standalone boutiques. So part of the product expansion, some of these initiatives may be eCommerce only and there's a lot of pure plays out there doing incredible business without any stores. One of the amusements of Zoom-enabled remote working has been the chance to peek inside the private lives of colleagues: a bold wallpaper choice here, a child barging in there. And these new categories are looking down the road and down in the future as we continue to expand. 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. Aritzia Inc., together with its subsidiaries, designs and sells apparels and accessories for women in North America. ", He lauded Wong, and said, "our tremendous success is a result of Jennifer's contributions. She was recognized as one of Canadas Top 40 Under 40 (2008). Our geographic expansion continues to be our most effective vehicle for propelling our brand and acquiring clients for all of our channels. For the year, we are expecting between 250 and 300 basis points of pressure from expedited freight. (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.) April 18, 2018 Mandate of the Board of Directors (opens in new window) 195 KB. But even that -- I don't -- that's not how we're looking at it. So these aren't just flagship footprint increases. 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. "Aritzia has a lot of great brand equity. 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. I think we're having some technical difficulties here. And Todd, you gave some commentary around sort of the cadence of pressure as the year unfolds or the rest of the year unfolds. Jennifer Wong CEO Aritzia Jennifer Wong is CEO of the Vancouver-based retailer Aritzia Inc. She has executive oversight of a broad portfolio that includes e-commerce, people and. I guess there's two, now Manhattan and now Chicago and they're substantially larger than the stores that you typically build. on: function(evt, cb) { Last updated: 1 January 2023 at 11:00am EST. The campaign features Canadian models (and mothers) Tasha Tilberg and Janice Alida photographed with their children. I think it's great. I noticed you mentioned it was sort of proven sellers, but how much of that is new category extensions? This reflects continued strength in the United States in both retail and eCommerce as well as a strong recovery of our business in Canada. It's Brian. How it trends through the balance of the year and then sort of the current nature of the inventory? That is why we are thrilled to announce our next global flagship on Michigan Avenue, Chicago's Magnificent Mile. We continue to be one of the industrys leading retailers,and we have a sustainably profitable business, she insists, with the company boasting 21 consecutive years of positive net revenue growth. And how much of it relates to sort of new categories versus just sort of giving more exposure to the existing assortment? Todd and I will share some prepared remarks, and Brian will join us for the Q&A. Today, Aritzia is hitting all the right notes, a testament to the power of selling a trendy product at an attainable price, in elevated yet always inviting store environments. Wallmine is a radically better financial terminal. And then we also have, in the second quarter, COVID relief subsidies and rent abatements that we received last year that are -- that obviously we're not going to get this year. And I know, Brian, you gave some color around the fact that these category extensions may not be needle movers. "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. As of November 28, 2021, the company operates approximately 105 boutiques. Jennifer Wong is President, Chief Operating Officer, Corporate Secretary, Director of the company. We are not seeing indicators at this time. Thank you, and thanks for joining Aritzia's first quarter fiscal 2023 earnings call. And many people dont realize the founder of the iconic brand American Apparel actually hails from Canada. So we're super excited with the experience. 11_20_cover_final.indd 1 2020-10-09 2:24 pm mba mba with co-op accelerated mba. Our business model continues to enable us to provide our clients with beautiful products for all aspects of their life. Designed for enterprising woman who want to get ahead of their career goals by taking a proactive approach. The 100 basis point increase reflects the elimination of subsidies year-over-year and ongoing investments in talent and technology to deliver our growth. This included improving our product discovery. Jennifer Wong is currently Chief Executive Officer at Aritzia - View - Aritzia org chart Set up your alert to follow the career of Jennifer Wong. 2,088 records for Jennifer Wong. 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. 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. 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. In Q1, we launched our first-ever swim collection, and we extended our footwear offering through our first partnership with Vans. There's a Louis Vuitton flagship store in there.". 31 posts. We would refer you to our most recently filed management's discussion and analysis and our annual information form, which include a summary of the material assumptions as well as risks and factors that could affect our future performance and our ability to deliver on these forward-looking statements. Jennifer L. Wong, MD. Please go ahead. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. So just wondering if you can quantify the impact from expedited freights in fiscal '23, specifically? And the product doesn't necessarily need to go to all -- through all channels. Struggling to demonstrate your value as a board member? And then, Todd or Brian, if you can get your audio going, we'll have you jump in. 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. Are you seeing any mix shift? All the best. The COVID-19 crisis has borne out the wisdom of Aritzias omnichannel strategy. What we're actually looking at is changing the footprints and increasing the footprints of the boutiques because we have such a long broad product experience. Aritzia is the name on the door, Wong explains, but there is no Aritzia on the labels. Today the three main labels are Babaton, youthful TNA, and breezy Wilfred, with various sub-brands and offshoots such as handbag lines and denim. The efforts have paid dividends. I havent had to go anywhere for career challenges or opportunities, she says. As the Pres, COO, and Corp. Sec. We. It's hard to predict at this point. Thank you. Thank you, Todd. So we've announced all those stores, and we're continuing to do that in Canada. These dashboards deliver actionable insights that enable us to further optimize our operations and increasingly more value for our clients. Inventory was $299 million at the end of the first quarter, up 81% from last year. Jennifer served as Chief Operating Officer and President, Chief Operating Officer and Secretary for Aritzia. But at this point in time, we're cautiously optimistic that we're going to continue on with the same track we've been on for quite some time now. We're under construction on. 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. As much as real estate is a priority for Aritzia, the brands digital footprint is also a critical part of its strategy. I have never made it on time to a Christmas Eve function with my family, once. Like all global businesses, we continue to experience supply chain disruptions and logistics delays in Q1. Current Issue. But we are seeing pressure on costs and things like that, which we've seen over the last sort of 12 months. I love what we're doing personally. 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. Ms. Wong earned a Bachelor of Arts in Economics from the University of British Columbia. Were super thrilled about it, says Wong of their new flagship boutique. The company was formerly known as Aritzia Capital Corporation and changed its name to Aritzia Inc. in August 2016. HARRINGTON JACKET MENS CLASSIC RETRO SCOOTER 1970'S VINTAGE BOMBER MOD COAT TOP . 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. Wong joined the retailer in 1987 as a style advisor (the term Aritzia uses to refer to its sales associates) at the Robson street store in Vancouver, while studying economics at the University of British Columbia. 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. They continue to navigate the ongoing headwinds of the global landscape to deliver for our clients and our business. Its famous neighbours include fashion industry powerhouses like Prada, H&M and Bloomingdales. 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. Our whole marketing objective is to get famous in the U.S., says Hill. But generally speaking, we changed the size of the stores that we're actually communicating to the landlords that we're after. Sorry, Mark. Dylan, I'll take the beginning of that. And then as I said, in Q4, we're anticipating that we have the opportunity to move slightly positive from a gross profit perspective. 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? Companies sell through private labels for two reasons: Margins are higher, and the labels give them a point of differentiation, so consumers have to come back to that retailer, says Randolph Harris, publisher of industry newsletter Canadian Apparel Insights. a terrific start to the year. So, thank you. Wallmine is a radically better financial terminal. As Jennifer mentioned, we're going to be looking into the U.S. We're going to be looking into eCommerce. There are 2 executives at Aritzia getting paid more, with Jed Paulson having the highest compensation of $2,449,610. Looking for somebody else's email? november 2020. Right, she says, punctuating each word. Aritzia CEO May 2022 Aritzia President & Chief Operating Officer Feb 2015 Aritzia COO 2007 Related Hubs window.mc4wp.listeners.push( Find contact information for Aritzia. Perhaps the embodiment of the Aritzia brand, Wong is effortless, fashionable, and poised. Not the Jennifer Wong you were looking for? 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. We are cautiously optimistic about our outlook for the remainder of fiscal 2023. 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. Her plan was to make some extra cash while she studied economics at the University of British Columbia. Prior to her current role, Ms. Wong served as President & Chief Operating Officer for seven years as part of her overall 35-year tenure at Aritzia. I'm going to pass that over to Brian because it's a product question, if you don't mind. And so by covering many different categories across different brands and different occasion sets and different segments of our market, we have an offering that is resonating really well with our customer. 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