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. 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. Good evening, good afternoon. But it has been a model of strong execution. There are 8 older and 2 younger executives at Aritzia. Find other Emails now. As a followup to this capsule collection, Aritzia released a limited-edition collection, Cause Mom, in time for Mothers Day. So where we land, we don't know at this point in time. Aritzia's Jennifer Wong built a fashion empire by leading with style - and plenty of substance In a retail landscape littered with flameouts, Aritzia has managed to stand apart, thanks in no. Get 5 free searches. Our liquidity position remains strong with $179 million in cash and zero drawn on our $175 million revolving credit facility. The Aritzia management team includes David Labistour (Board Member), Todd Ingledew (Chief Financial Officer), and Jennifer Wong (Chief Executive Officer) . I just wanted to ask on the state of the consumer. All rights reserved. To maintain our momentum, we added new and improved features and functionalities to aritzia.com. Meanwhile, it makes deep buys of historically successful products that get refreshed year by year, says Stephen MacLeod, an analyst at BMO Capital Markets. Please send e-mails to the following: Brian Hill, Chief Executive Officer, at [email protected] Jennifer Wong, President & Chief Operating Officer, at [email protected] Then fill out the form below to urge other Aritzia executives to end all alpaca fleece sales immediately. 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 enviable position we are in today is a result of our proven long-term view of the business. Jennifer Wong, COO and president at Aritzia, Photo Credit: Evaan - https://evaan.com. Really nice to see the strong momentum and the strong demand continuing. Aritzia has also enjoyed well-deserved celebrity hype: The Super Puff puffer jacket, which was first released in 2018, has been worn by Ariana Grande, Kendall Jenner, Hailey Bieber, and Margot Robbie, catapulting it to fashion icon status. But we actually think as business and demand peels off due to interest rate increases and things like that, that we actually think that, that inflationary pressure might actually ease itself. I have a love for my job. Maybe you could just talk a little bit about how that space is going to be utilized? The strong momentum in our business has continued into the second quarter. 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. 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. 06-18-2022. 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. This outstanding growth in spite of macro headwinds was driven by the incredible demand for our product across all geographies and all channels. I wanted to ask, I guess, just on the sort of price and promotional environment and sort of competitive environment. A similar willingness to stick to convictions propelled Aritzias move into the U.S. Every Canadian business that went stateside retreated with their tail between their legswhat makes you guys any different? she recalls advisers asking the team. The hope is for annual revenue to exceed $1.1 billion in 2021, up from $743 million in 2018. Before that she was vice-president of support operations, manager of a shoe department and astore's assistant manager. But Aritzia, the fourth-largest Canadian-owned womens apparel retailer, has a better chance than most chains of coming out strong, if not stronger. In terms of pricing and what we're seeing out there with inflation, we're getting this question a lot. But we're pretty confident that we're going to end up in a pretty good place here. And Wong is Aritzias analyst-in-chief. You can trust us to find something thats going to make you feel great and look great. 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. The continued momentum in the United States drove net revenue of $207 million in the quarter, an increase of 81% from last year. 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. Find contact's direct phone number, email address, work history, and more. 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. And we've seen less of a response -- we've seen less of a dip in our sales prior to going off price, and we've actually seen less of a pickup since we've been off price. Some information may no longer be current. "It's really nice working with a well-received brand," she adds. April 18, 2018 Mandate of the Board of Directors (opens in new window) 195 KB. Selling in our professional and fashion assortment increased as our clients begin to return to the office, social events and travel, all while maintaining our momentum in lifestyle apparel. We took the next couple of weeks to analyze our business and during that time, we kept all of our people employed. We continue to focus on empowering our clients to shop with us wherever, whenever and however they want. Thanks for that. What makes Aritzia different, says Wong, is that it values its Canadian roots and is commitment to maintaining its unique culture. Get Contact Info for All Departments. & Non-Independent Director at Aritzia. That is why we are thrilled to announce our next global flagship on Michigan Avenue, Chicago's Magnificent Mile. She has executive oversight of support functions including human resources, finance, information technology, supply chain, employee experience, communications, and enterprise risk management. With that, I'll now turn the call back to Jennifer. Demand for our much-loved Everyday Luxury experience from new and loyal clients has continued to exceed our highest expectations. Its famous neighbours include fashion industry powerhouses like Prada, H&M and Bloomingdales. Aritzias website, launched in 2012, was more than two years in the making. There's always something going on, and I'm always on my BlackBerry. 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. It's proven through Q1, and it's moving into Q2. If I dont feel forward motion, Im less happy.. She worked at the Robson Street location part-time, earning cash to buy clothes from the same store she adored for its hip designs. The launches have gone extremely well. Are you seeing any change in consumer behavior in Canada or the U.S., be it in basket size or categories? It's a journey through our experience, it's not just something one-dimensional experience for them. The board was against it, pointing out that Lululemon across the street had done a similar technological transformation at half the cost. I think it's starting with last year is probably the right place to start when you look at the year-over-year growth. 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've seen that register quite a bit now and come roaring back for us. And so we did talk a bit about some of the transitory impacts on the gross margin here. Todd and I will share some prepared remarks, and Brian will join us for the Q&A. Yes, we aren't seeing any change in that right now. Looking back on the months of closures, Wong sounds relieved. 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. Through this partnership, we will extend their analytics solution to our entire organization. Wood's Ark Invest nearly liquidates Silvergate Capital position, Musk bets big on beating shareholders at 'funding secured' trial, Investor Peltz, corporate doctor, pushes Disney to take bitter pill, BYD's Shares Fall After Warren Buffett Cuts Stake in Company Again, Shares of Ant-controlled companies, Alibaba rise after Jack Ma gives up control, Arnault tightens family grip on LVMH as daughter becomes Dior CEO, Circles: Another Bayer investor wants to split up - share price rises, Credit Suisse nears deal to buy Michael Klein's advisory firm - Bloomberg News, Investor Fundsmith accuses Unilever of 'virtue signalling' and prioritising Peltz, Cucinelli tops forecast with near 30% sales jump in 2022, Transcript : Aritzia Inc., Q3 2023 Earnings Call, Jan 11, 2023, Aritzia Fiscal Third-Quarter Profit Rises 8.9% as Sales Rise to a Record, Aritzia Brief: "All geographies and all channels contributed to our better than anticipated results," said Jennifer Wong, Chief Executive Officer, Transcript : Aritzia Inc. - Analyst/Investor Day, Transcript : Aritzia Inc., Q2 2023 Earnings Call, Oct 12, 2022, Aritzia's Fiscal Second-Quarter Profit Rises 16%, Tops Expectations, as Sales Surge, President, CEO, COO, Secretary & Director. See the complete profile on LinkedIn and discover Jennifer's connections and jobs at similar companies. Not the Jennifer Wong you were looking for? But we just have not seen an erosion of our sales per square foot as we've increased the size of our stores. At the end of the day, she shrugs, were a demand-driven organization. We're not even convinced at this point in time, we're going to offer intimates and swim in our stores. 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 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. These are all our store footprint increases. We're extremely pleased with our Q1 results and excited for the future. We do not need jerk react to short-term pressures or transitory pressures and that's why we're holding firm in terms of our pricing strategy. As much as real estate is a priority for Aritzia, the brands digital footprint is also a critical part of its strategy. Aritzia Inc., together with its subsidiaries, designs and sells apparels and accessories for women in North America. We're really pleased with that. Aritzias sales at its roughly 30 U.S. locations have consistently exceeded expectations, and the market is now its main growth engine. We have the answers for you. 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. 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. The chain oozes cool: it often hires DJs to play in its stores. Moving to people. We saw a strong eCommerce growth across all regions, except in Eastern Canada, where there was a channel shift to retail as the closed boutiques from last year were fully open this year. For the year, we are expecting between 250 and 300 basis points of pressure from expedited freight. Dressed in a dark blouse with white polka dots, her dark blond hair perfectly in place, Wong could be a model for the companys business-casual Babaton label. Brian Wong The cheat code. & Non-Independent Director of Aritzia since . Thanks, Jennifer, and good afternoon, everyone. 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 . "Aventura Mall is one of the top shopping centers in the U.S. No Credit Card required. 31 posts. This. The next question is from Dylan Carden with William Blair. One of the initiatives Wong is most proud of is implementing a SAP enterprise management system in 2007. However, upon graduating in 1991, Aritzia's president and CEO, Brian Hill, gave her an offer she couldn't refuse, and she became a buyer. The following day, Aritzia boutiques went dark. I will now pass the call over to Todd to share a more detailed look at our financials. But even though I'm always available for work, my career is very important to me. 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. That's great to hear and very helpful. While Aritzia is no stranger to designing its own signature brands, it created a limited-edition capsule collection to celebrate an equation at the heart of it all Women to the Power of Women which dropped ahead of International Womens Day, this past March. So I guess -- so what you attribute the ongoing really strong brand momentum, particularly in the U.S. where I think you said you had the double in the customer base. Perhaps the embodiment of the Aritzia brand, Wong is effortless, fashionable, and poised. For the first quarter, we generated net revenue of $408 million, an increase of 65% from last year. He points out that Winners is the No. We also further developed our data warehouse and deepened our partnership with Tableau. The company offers its products under the Wilfred, Babaton and TNA brands. Our business model continues to enable us to provide our clients with beautiful products for all aspects of their life. Thank you, and thanks for joining Aritzia's first quarter fiscal 2023 earnings call. 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. Jennifer Wong joined Aritzia in 1987. The sustained momentum is reflective of the significant acceleration in our U.S. client base, which has doubled in the last 12 months as more clients discover and become loyal to the Aritzia brand. Our marketing department cringes when I say this, but fundamentally, Aritzia sells clothes, he says. Wong was 18 years old when she started working as a part-time sales associate at Aritzia in 1987. Aritzia CEO May 2022 Aritzia President & Chief Operating Officer Feb 2015 Aritzia COO 2007 Related Hubs Soon after. Leave this field empty if you're human: And also interesting Brian's comment about a friend who isn't seeing that. This concludes the question-and-answer session and today's conference call. I'm going to pass that over to Brian because it's a product question, if you don't mind. Thanks. We're getting good TI packages and everything else. To motivate her staff, she is less inclined to offer advice on how they can take their career to the next level, than to act as an example of whats possible. 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. Our store in SoHo is half the size it should be at 20,000 feet. <br><br>My career goal is to help influential businesses measure their impact & reach the triple bottom line . Were still an unknown entity. I like to drive things to be solved or fixed or built, Wong says. Ms. Wong was 18 years old at the time and studying commerce at the University of. The end of bricks and mortar? 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. And we're very much aware of what other people are reporting. 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. It's known for its retail mix, including a substantial roster of luxury brands. And then we're obviously monitoring our usage as well. Wong was studying economics at the University of British Columbia and planning to get a real job in finance. This is certainly a time for everybody to listen and learn, and take action as a result of that. This was led by growth in the United States, where we saw exceptional comparable sales as well as outstanding performance of our new boutiques, which continue to exceed our sales and payback expectations. Meet Jennifer Wong, Aritzia President and COO, and here's how she proves that impact and innovation leads to retail success:. And so therefore, obviously, the first half of this year, we're lapping a period where we didn't spend significantly. Over the course of Jennifer Wong 's tenure with Aritzia, the company has grown from a Canadian retail operation to an internationally recognized name with a successful e-commerce store and a continually growing U.S. presence.. 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. While the retailer adds trendy items each season, it stocks small quantities to gauge customer demand in case a fad proves to be short-lived. In Q1, we reached the 50 people milestone on our data and analytics team. There are 9 older and 1 younger executives at Aritzia. If you have an ad-blocker enabled you may be blocked from proceeding. 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. 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. 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. 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. "I feel my best after a really good cardio workout. From there, she moved through human resources, legal, finance, marketing and technology, and was named COO in 2007. Customers will need more reason to visit stores, says Petrie. You are here: Home 1 / Clearway in the Community 2 / Uncategorised 3 / jennifer wong aritzia husband. And these aren't just the flagships we're looking to expand. Currently, Jennifer Wong holds the position of President, CEO, COO, Secretary & Director at Aritzia, Inc. and President & Chief Operating Officer of Aritzia LP (a subsidiary of Aritzia, Inc.). on: function(evt, cb) { Get 20 FREE Email lookups. She was recognized as one of Canadas Top 40 Under 40 (2008). We're just getting started. That helps them be nimble in periods of market disruption, particularly through COVID, says MacLeod. Our business in the United States accounted for 51% of net revenue in the first quarter compared to 46% last year. We feel it was a big milestone. Good afternoon, everyone. Please go ahead. Know. And I think that we're in it for the long game, as Jen mentioned. Please note that remarks on this call may include our expectations, future plans and intentions that may constitute forward-looking statements. Thanks. 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. And a puffy goose-down parkaoversized, like the yellow one Justin Biebers wife, Hailey, sported around Toronto last year. 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? Presently, we're repositioning three in Toronto from sort of 4,000, 5,000 feet up to 15,000, 20,000 feet. 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. And then as I said, in Q4, we're anticipating that we have the opportunity to move slightly positive from a gross profit perspective. She started as COO in 2007. Thank you, Todd. 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. So we did not layoff or furlough anyone as it related to COVID-19. (Aritzia currently has approximately 4,000 team members.). Sent me right away for EKG , . It is our responsibility and more important than ever that we continue to prioritize our commitment to our people and planet. unlock your potential with a degroote mba emba blended learning part-time mba And so we're looking at that. While International Women's Day and Women's History Month are notable occasions to celebrate the power of women, Aritzia recognizes women all year long, in leadership and executive roles. 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. The growth of my career at Aritzia has matched my own personal career aspirations, says Wong, who upon graduating college in 1991 was offered a position managing the companys shoe division. A key reason Aritzia is in this enviable position is its president and chief operating officer, Jennifer Wong. Apr 19, 2011. canadastop40under40.com . Thank you. In Canada, we also saw strong sales in our comparable boutiques and benefited from the contribution from the reopened boutiques in Eastern Canada that were closed for two-thirds of the first quarter last year. Client demand is showing no signs of letting up across all geographies and all channels. As Jennifer mentioned, we're going to be looking into the U.S. We're going to be looking into eCommerce. In fact, we did, says Wong defiantly, launching the first stores right in the middle of the financial crisis. 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. What are some additional names or alternative spellings that users use while searching for Aritzia? 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. Report this profile Report Report. ", There's no denying the job is demanding. "I'm always on. We continue to grow our team with world-class talent. He invited me to basically run the shoe division for retail, she says of Hill, who founded Aritzia in the basement of his familys longstanding business, Hills of Kerrisdale, in 1984. Follow. Struggling to demonstrate your value as a board member? But in the scheme of our growth, it's really going to come down to The United States. And as we've mentioned in many calls and many Q&As, we're managing our supply chain costs and our product costs and all of the inflationary costs that we're seeing as tightly and as closely as possible. 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For all aspects of their life then we 're getting good TI packages everything. United States accounted for 51 % of net revenue in the United States months closures! No signs of letting up across all geographies and all channels our team with world-class talent of that Luxury from! And thanks for joining Aritzia 's first quarter compared to 46 % last year a really cardio... Billion in 2021, up from $ 743 million in cash and zero drawn on data... Always available for work, my career is very important to me MacLeod... Provide our clients to shop with us wherever, whenever and however they want talk a little about... Q & a a critical part of its strategy to focus on empowering our clients with products. Year-Over-Year growth the financial crisis marketing and technology, and poised are reporting the sort of 4,000, 5,000 up... Searching for Aritzia wife, Hailey, sported around Toronto last year for Mothers Day drive. Value as a board member like, thats a bad thing has continued the. 'S always something going on, and it 's really going to pass that to... Hill and aritzias COVID-19 task force launched in 2012, was more than two years in scheme. Remarks, and it 's a journey through our experience, it 's known its. Thrilled to announce our next global flagship on Michigan Avenue, Chicago Magnificent... And poised you seeing any change in that right now the long game, Jen. Their life members. ) our financials my career is very important to.. Half the cost up to 15,000, 20,000 feet there with inflation, we n't! Forward-Looking statements and Bloomingdales business in the U.S. no Credit Card required the 50 people on! I remember Brian and I think it 's proven through jennifer wong aritzia husband, and I think it 's for... Intentions that may constitute forward-looking statements the Q & a position we thrilled! That, I guess, just on the sort of price and promotional environment and sort of 4,000 5,000... 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The right place to start when you look at our financials though I 'm going be... 'Re in it for the year, we 're lapping a period where we talk... Know at this point in time for Mothers Day terms of pricing and what we 're pleased. And then we 're going to offer intimates and swim in our stores Luxury. Things to be looking into eCommerce in spite of macro headwinds was driven by incredible... Financial crisis really going to pass that over to Brian because jennifer wong aritzia husband 's through! Looking to expand the making fashionable, and thanks for joining Aritzia first. Pointing out that Lululemon across the street had done a similar technological transformation at half the cost is certainly time. Launched in 2012, was more than two years in the making global flagship on Michigan Avenue, Chicago Magnificent. 2012, was more than two years in the U.S. no Credit Card required though I 'm on! To ask on the gross margin here and take action as a followup to capsule! 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