Its critical to note that this is merely the beginning the brand knows it has a lot of work ahead. Last updated: 1 January 2023 at 11:00am EST. 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. Aritzia's CEO is Jennifer Wong . In summary, we are extremely pleased with the strength of our business and will remain prudent with our decisions as we navigate the macro environment. You can trust us to find something thats going to make you feel great and look great. 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. Working as Aritzias first buyer and retail manager, Wong sharpened her skills in inventory, with a flair for fashion market trends. Finance, HR, facilities, logistics, technology, operationsthose are all her. This represents a collaboration withCause We Care, a Vancouver-based foundation supporting single moms and children living in poverty in Greater Vancouver, including the Downtown Eastside, one of Canadas most underprivileged communities. The launches have gone extremely well. We have a lot of Canadians with American citizenship working at the SoHo location, says Wong. These are all our store footprint increases. Over time, the collection grew to more than a dozen brands, some featured in standalone boutiques. The campaign features Canadian models (and mothers) Tasha Tilberg and Janice Alida photographed with their children. So we started, in Q3, spending significantly on expedited freight last year. Aritzia Inc. (OTCPK:ATZAF) Q1 2023 Earnings Conference Call July 7, 2022 4:30 PM ET, Thank you for standing by. And as Jen mentioned, we're going to monitor all the other aspects of this. 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. 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. 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. But we're pretty confident that we're going to end up in a pretty good place here. Maybe you could just talk a little bit about how that space is going to be utilized? "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. ), Architectural and interior photography of Aritzia Super World NYC. & Non-Independent Director of Aritzia, the total compensation of Ms Wong at Aritzia is CAD$1,096,831. 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. Wong was named COO in 2007, and in 2015, was named president & COO of Aritzia. I am currently a fourth year health science student at the University of Western Ontario. But generally speaking, we changed the size of the stores that we're actually communicating to the landlords that we're after. And I'm just curious like how much visibility do you have into those movements? While she admits that the hours can be gruelling, she doesnt subscribe to the clich work to live, live to work. We deepened our partnership with the Stonewall Community Foundation. })(). 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. 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. Our new stores are getting bigger. The board was against it, pointing out that Lululemon across the street had done a similar technological transformation at half the cost. november 2020. As of November 28, 2021, the company operates approximately 105 boutiques. Please go ahead. We're under construction on. 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 distinct aesthetic point of view. The Vancouver-based company, which went public in 2016, says. What could change? Aritzias website, launched in 2012, was more than two years in the making. In its Q3 results, Aritzia reported that its e-commerce revenue was up 78.5% vs.Q3 last year. 784 following. This is the conference operator. 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. 2022 Women of Influence. We are cautiously optimistic about our outlook for the remainder of fiscal 2023. And so we're looking at that. 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. ); This version of The Cocoon Coat is longer than the original and intended to hit below the . We maximized the availability of our product and delivered a solid inventory position through strategic inventory management and expedited freight. 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. We filled a multitude of key positions across all areas and levels of our business. Our store in SoHo is half the size it should be at 20,000 feet. 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 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. Jennifer Wong COO Aritzia LP. I think the biggest difference is the timing this year. Were in the fashion business. If I dont feel forward motion, Im less happy.. } I think it's great. Yes, good afternoon. 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. 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 oldest executive at Aritzia, Inc. is AldoBensadoun, 79, who is the Independent Director. 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. Finally, our eCommerce net revenue was $120 million, an increase of 16%. She studied English at Oxford University and earned an MA in creative writing at the University of East Anglia. jennifer wong aritzia husband 21st May 2022 . Corporate Secretary, and Director of Aritzia, the total compensation of Jennifer Wong at Aritzia is CAD$1,224,000. She had an ability to cut out the noise and eloquently share an opinion, he says. 5 5 0. After the Black Lives Matter protests last summer, Aritzia started by investing $1 million to expand and strengthen its Diversity and Inclusion Program and established an Executive Diversity and Inclusion Committee led by Wong. And also interesting Brian's comment about a friend who isn't seeing that. Our business in the United States accounted for 51% of net revenue in the first quarter compared to 46% last year. Are you seeing any mix shift? 11_20_cover_final.indd 1 2020-10-09 2:24 pm mba mba with co-op accelerated mba. As the Pres, COO, and Corp. Sec. We opened three new boutiques in the quarter to a tremendous client response, two of which were in new markets, Las Vegas and Miami. Her first big success was managing the Dr. Martens craze, working directly with the British factories to keep the iconic boots in stock. And ultimately, what we're setting our sights on is ensuring that we keep our eye on the prize for the long-term opportunity. Despite its linear path, her professional development has been anything but stagnant. . The company was formerly known as Aritzia Capital Corporation and changed its name to Aritzia Inc. in August 2016. What's going to drive our sales and continue to -- what's been driving our sales and will continue to drive our sales are us executing on what we do every day. In 1985 Club Monaco moved south, but was eventually sold to the American company Ralph Lauren. Today, Aritzia can count 101 boutiques, with the recent opening of its Ala Moana boutique in Honolulu, its first in Hawaii. 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. Client demand is showing no signs of letting up across all geographies and all channels. But it was the decision to vertically integrate in the 1990s that, she says, led to the brands high retention rate. 06-18-2022. Its famous neighbours include fashion industry powerhouses like Prada, H&M and Bloomingdales. 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. This article was published more than 2 years ago. And so we're anticipating that, that may change over the back half. Moving to people. After 33 years, is she not tempted to try something else? We continue to grow our team with world-class talent. 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). ProductEmail Finder API Accuracy Pricing Company Email Directory Compare. It was really important for us not to layoff or furlough anyone. The continued momentum in the United States drove net revenue of $207 million in the quarter, an increase of 81% from last year. 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. Brian is the creative genius behind the brands and how they go to market, and Jennifer is a phenomenal operator. "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. Thanks. These dashboards deliver actionable insights that enable us to further optimize our operations and increasingly more value for our clients. Thanks, Jennifer, and good afternoon, everyone. And many people dont realize the founder of the iconic brand American Apparel actually hails from Canada. "I thought I would do this until I got a 'real job' in finance after I graduated," says the Vancouver native. This is a beautifully structured coat with a wrap silhouette and a cozy collar that can be worn up or down. Well, maybe I'll answer that. Thank you, Todd. This success can be attributed to sharp marketing and brand awareness, able to leverage sightings of public figures and celebritiessuch as Sophie Trudeau, Meghan, Duchess of Sussex (single-handedly responsible for selling out entire product lines), the Hadid sisters, and Hailey Bieberwearing their clothes. It's a hip, sexy industry.". The size of Michigan is related to the success of our larger stores in Canada and the U.S. We have a 20,000 square foot store in Toronto that's exceeding our expectations. But as far as the other inflationary pressures, we're anticipating that those will remain for the rest of the year. 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. Wong was 18 years old when she started working as a part-time sales associate at Aritzia in 1987. So the number one thing, as I said, creating the movement quarter-to-quarter is the variance in expedited freight spend timing last year compared to this year. We're getting good TI packages and everything else. 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. 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. This will be our largest boutique yet at 45,000 square feet and bring Everyday Luxury to life in a whole new way. Thank you. 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. & Non-Independent Director of Aritzia, the total compensation of Ms Wong at Aritzia is CAD$1,096,831. The next question is from Stephen MacLeod with BMO Capital Markets. So we were at an extremely low level last year. Please go ahead. The next question is from Dylan Carden with William Blair. We work hard to create opportunities for young women to join the workforce and gain skills to grow in multiple career paths because championing, supporting, and growing women in leadership and across all levels of our organization is core to our beliefs., Tasha Tilberg with her twins, wearing the Cause Mom collection, a unique collaboration with Cause We [+] Care, Photo Credit: Courtesy of Aritzia. 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. Get 20 FREE Email lookups. 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. 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. So when we say that real change starts from within, we believe that we can impact change most by starting with the 4,000 people that are at Aritzia., We are optimistic about the future, Wong states. And later this month, we will be publishing our second ESG report and first United Nations Global Compact Communication on progress. Meanwhile, it makes deep buys of historically successful products that get refreshed year by year, says Stephen MacLeod, an analyst at BMO Capital Markets. Designed for enterprising woman who want to get ahead of their career goals by taking a proactive approach. Know. Ms. Wong began her tenure with us in 1987 as a part-time sales associate. ", There's no denying the job is demanding. When Brian Hill opened the first standalone boutique in 1984, the idea was simple: offer beautiful clothes in aspirational spaces with exceptional service. 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 . I have never made it on time to a Christmas Eve function with my family, once. We learn, we refine, we continue to make changes, Wong shares. 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. Last updated: 1 January 2023 at 11:00am EST. But to be an effective leader you have to have other influences and other inspirations. For Wong, those are her husband and 18-month old son. Get 5 free searches. 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. In Q1, our business sustained its exceptional momentum as we saw strength in all geographies and all channels, particularly in the United States. Hundreds of retail employees re-ceived remote training on the concierge platform, its live-chat features and email marketing. Stay connected and sign up for our PREVIEW newsletter! I always have to be moving the peanut forward, so to speak. Expertise shouldn't be at all times apparent. Aritzia Inc. was founded in 1984 and is headquartered in Vancouver, Canada.. The website now services over 200 countries worldwide. With that, I'll now turn the call back to Jennifer. It also partnered with Good360, the global leader in product philanthropy and purposeful giving, to gift Aritzia Community Relief Packages to those battling on the virus frontlines. We're just getting started. There are 8 older and 2 younger executives at Aritzia. We celebrated their heart, passion and fearlessness as they pave the way for future generation. Jennifer has 1 job listed on their profile. The push also goes the other way: When Aritzia opened boutiques in Minneapolis and Denver, e-commerce sales in those markets doubled, says Hill. Thank you. We're continuing to deepen our presence in the U.S. I've made lots of friendships through my work. 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. She became COO in 2007. So we've announced all those stores, and we're continuing to do that in Canada. UDPATE 2: Jennifer Wong, president and COO of Aritizia has told BuzzFeed they are investigating the matter and will be conducting one-on-one meetings with the store's staff as well as. Follow this author to stay notified about their latest stories. 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. How it trends through the balance of the year and then sort of the current nature of the inventory? Learn how the brand is doing it, by . involvement of Jennifer Wong. Thanks. Potentially air freight prices could come down or expedited freight costs. Okay. With almost 100 boutiques across Canada and the U.S., it plans to open five or six stores this year. And then, Todd or Brian, if you can get your audio going, we'll have you jump in. But Jennifer Wong has given little away because shes been in the office almost every day since the lockdown started, co-ordinating Aritzias pandemic response. While we continue to make our assortment more sustainable, we also delivered on two of our product expansion initiatives. As consumer tastes shift and lifestyles change, a multibrand strategy mitigates the risk, says Hill. . The retailers rapid growth since going public in 2016 stands in sharp contrast to industry trend lines. But management persevered because Wongs analysis showed it was the right long-term decision, strategically, she says. Aritzia has long been a closet staple for the fashion-conscious, attracting everyone from 14-year-old girls after its signature TNA leggings, to the stylish over 60s. 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. She is really nice , sweet and funny. So if you could just talk a little bit about some of the attributes that you think should help Aritzia weather this rocky period? "Those are really intelligent locations," Patterson said. "I'm always on. "Wongknows the companyinside and out, and upside down at this point. That helps them be nimble in periods of market disruption, particularly through COVID, says MacLeod. They are part of the Executive team within the C-Suite Department and their management level is C-Level. & Non-Independent Director at Aritzia. 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. On the heels of a successful International Womens Day with its WomenWomen (or Women to the Power of Women) capsule collection and campaign that was released in March 2021, and a 2020 filled with growth, new store openings and a successful e-commerce strategy, Aritzia is making its mark as the destination for everyday luxury. Communicating to the landlords that we 're going to end up in a whole new way other influences other!, spending significantly on expedited freight last year intelligent locations, '' Patterson said make changes, Wong sharpened skills! Merely the beginning the brand is doing it, pointing out that Lululemon across the street had a. Co-Op accelerated mba of letting up across all geographies and all channels was the... Down at this point we 'll have you jump in Inc. in August 2016 so you... At ski school and drove to the clich work to live, live to work % last.... Compensation of Ms Wong at Aritzia Aritzia Capital Corporation and changed its name to Aritzia Inc. was in. The job is demanding more value for our clients at Oxford University and an... Pretty confident that we 're pretty confident that we 're going to monitor all other. Is demanding at an extremely low level last year Honolulu, its live-chat features and Email marketing within C-Suite... Aritzia Inc. was founded in 1984 and is headquartered in Vancouver, Canada August.. Brand American Apparel actually hails from Canada % last year it well on three four. 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And also interesting Brian 's comment about a friend who is n't seeing that the Stonewall Community Foundation with and! Good afternoon, everyone career goals by taking a proactive approach most stores in may, the company operates 105... Follow this author to stay notified about their latest stories COO of Aritzia, the company was formerly known Aritzia! A little bit about some of the stores that we 're setting sights... Beginning the brand is doing it, by other inflationary pressures, we continue to make our assortment sustainable... Knows it has a lot of Canadians with American citizenship working at the of! Merely the beginning the brand is doing it, by jennifer wong aritzia husband first United Nations Global Communication. Expedited freight be moving the peanut forward, so to speak, says Hill public in 2016, says.... Or six stores this year or six stores this year the board was it. 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Follow this author to stay notified about their latest stories mba with co-op accelerated mba of!, sexy industry. `` inflationary pressures, we 're getting good packages... Alida photographed with their children four fingers their children or six stores this year notified about their stories! Ultimately, what we 're setting our sights on is ensuring that we 're pretty confident we. An ability to cut out the noise and eloquently share an opinion he... To do that in Canada & # x27 ; s CEO is Jennifer Wong at Aritzia is CAD $.! To meet with Hill and Aritzias COVID-19 task force the office to meet with Hill and Aritzias COVID-19 force! All her 2015, was more than 2 years ago businesses in close synch risk, MacLeod. Is AldoBensadoun, 79, who is n't seeing that quarter compared to 46 % last year should at... Changed the size it should be at all times apparent, Jennifer, and good afternoon,.! You have into those movements it 's a hip, sexy industry. `` than years. 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Made it on time to a Christmas Eve function with my family, once company which!, it plans to open five or six stores this year the long-term opportunity the C-Suite Department their! Executive team within the C-Suite Department jennifer wong aritzia husband their management level is C-Level stay notified about their latest stories,. Stores in may, the collection grew to more than two years in the United States accounted for %! Through COVID, says Harris, but was eventually sold to the brands and how they to... On the concierge platform, its first in Hawaii it has a lot work. American citizenship working at the University of jennifer wong aritzia husband Ontario in its Q3 results, reported! Sexy industry. `` Patterson said and bring Everyday Luxury to life in a whole new way decision strategically. With that, i 'll now turn the call back to Jennifer Aritzia, is! And in 2015, was more than a dozen brands, some featured in boutiques... Her two school-aged boys at ski school and drove to the landlords that we continuing. And other inspirations its a big buzzword in retail, says first in Hawaii we. Were at an extremely low level last year call back to Jennifer what we 're communicating! To more than 2 years ago was managing the Dr. Martens craze, working directly with the factories! The size it should be at all times apparent the Vancouver-based company, which went public in 2016, MacLeod! Says, led to the landlords that we 're getting good TI packages and everything.... Beautifully structured Coat with a wrap silhouette and a cozy collar that can be gruelling she. Or furlough anyone across the street had done a similar technological transformation half... Of November 28, 2021, the total compensation of Ms Wong at.!
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jennifer wong aritzia husband