jennifer wong aritzia husband

Wallmine is a radically better financial terminal. I wanted to ask, I guess, just on the sort of price and promotional environment and sort of competitive environment. Get Contact Info for All Departments. Following management's discussion, we'll host a question-and-answer period open to analysts and investors. The hope is for annual revenue to exceed $1.1 billion in 2021, up from $743 million in 2018. From Vancouver to New York City, Jennifer Wong, COO of Aritzia, is styled for success. Aritzia reported a 40 per cent increase in sales revenue growth in the United States market across its e-commerce platform in its 2019 third quarter. In Q1, we were lapping two months of closures versus one month in Q2. In Q2, we're entering new markets. But generally speaking, we changed the size of the stores that we're actually communicating to the landlords that we're after. The Aritzia Community Relief Fund, which was supported by the ongoing loyalty of its customers and the generosity of its suppliers, partners and service providers, reached $20 million (Canadian dollars). . Get 20 FREE Email lookups. There are 8 older and 2 younger executives at Aritzia. & Non-Independent Director at Aritzia. She joined Aritzia as a style advisor in 1987, according to her LinkedIn page. Plus, the people I work with are like family. I think it's great. With every major initiative she took on, she had no direct previous experience, yet she was entrusted with leading it. They said the company couldnt do it. Hill"Jennifer WongAritzia "Jennifer Aritzia I hadnt even finished my last year exams, Wong explains, her role evolving to key holder and then assistant store manager while she was still studying economics at the University of British Columbia. She dabbled in corporate operationshuman resources, legal, finances, marketing, and technologywas named chief operations officer in 2007 and, in 2015, added president to her title. We're continuing to deepen our presence in the U.S. 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. I'm Leeza (she/her). 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. We celebrated their heart, passion and fearlessness as they pave the way for future generation. But were very analytical, she says. Our team did a remarkable job this quarter. And Todd, you gave some commentary around sort of the cadence of pressure as the year unfolds or the rest of the year unfolds. We are a company of people who are self-motivated to be well-informed and connected, says Wong. Jennifer Wong, who began her career at Aritzia as a style advisor in 1987 and worked her way up the ranks, became CEO in May. And then, Todd or Brian, if you can get your audio going, we'll have you jump in. We're not even convinced at this point in time, we're going to offer intimates and swim in our stores. But even that -- I don't -- that's not how we're looking at it. The next question is from Stephen MacLeod with BMO Capital Markets. This will be our largest boutique yet at 45,000 square feet and bring Everyday Luxury to life in a whole new way. Sent me right away for EKG , . This version of The Cocoon Coat is longer than the original and intended to hit below the . Aritzia Inc. (OTCPK:ATZAF) Q1 2023 Earnings Conference Call July 7, 2022 4:30 PM ET, Thank you for standing by. As much as real estate is a priority for Aritzia, the brands digital footprint is also a critical part of its strategy. Thank you, Todd. If I dont feel forward motion, Im less happy.. Where impact and internal change are concerned, its an ever-evolving process. 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. This increase includes higher in-transit inventory due to the strategic decision to order and ship our fall product earlier. And based on your commentary, Jennifer, it sounds as though the line extensions, notably the swimwear, the launch is going very well. But from an increased perspective why we went from 100 to 150, we're just seeing higher inflationary pressure really across a lot of lines of the P&L and specifically as it relates to gross profit, product costs, logistics costs and even labor at our distribution centers. And I'm wondering how that might frame, how you're thinking about the foundation or the intimates launch in the fall? Wong oversaw the engineering of new processes at the distribution centre to allow it to continue supplying online orders, with health personnel on-site and employees working in pods so if someone became ill, only that group was affected. Jennifer Wong is currently Chief Executive Officer at Aritzia - View - Aritzia org chart Set up your alert to follow the career of Jennifer Wong. 784 following. Propelling our business forward has not come without its challenges. There are 2 executives at Aritzia getting paid more, with Jed Paulson having the highest compensation of $2,449,610. So we're pretty excited about the next few years of these flagships. meet aritzia's jennifer wong, one of canada's 50 best executives. Designed to help you build your network, because you never know where that next connection takes you. Get Jennifer Wong's email address (j*****@aritzia.com) and phone number (604-805-..) at RocketReach. Before that she was vice-president of support operations, manager of a shoe department and astore's assistant manager. The online infrastructure held up despite days that were as busy as Black Friday and Cyber Monday, says Wong. I just sort of -- lots of great ground you've covered so far. 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. Were in the fashion business. 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. 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. 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. Im usually the boring one who has to say, Id never wear that. Hill and Wong have established a clean division of duties. 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. And I think that's proven. Jennifer Wong Demand for our much-loved Everyday Luxury experience from new and loyal clients has continued to exceed our highest expectations. 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. We had a terrific start to the year. Theyre not going to be sitting on obsolete inventory if they miss a season., Calibrating trends is not Wongs domain, she admits. The company has identified roughly 100 locations that could support stores, and given the troubles of its retail competitors, there are many deals to be had. 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. I don't know if the boutiques themselves and the quantity is changing. But we are seeing pressure on costs and things like that, which we've seen over the last sort of 12 months. I've been into some of our stores in the last sort of four, five weeks, both in Manhattan and Chicago and other places and seeing lineups at the fitting rooms, seeing lineups at the cash registers, seeing lineups even in some cases to get into our stores. We feel it was a big milestone. And what scenarios would have to play out to see some of those programs return or gross margins go back to prior levels? Our sites are always set on the future. She certainly has the vision for it: shes credited for the Black Friday 2012 roll-out of Aritzias e-commerce business, making the company one of the first Canadian retailers to bring the annual sale across the border. Yet Hill, then CEO, and Wong, then president, led Aritzia to record profits in 2022 of $157 million. We focused on enhancements to our eCommerce and Concierge dashboards. We're under construction on. Expertise shouldn't be at all times apparent. Aritzia's popular TNA sweatsuit, Photo Credit: Courtesy of Aritzia. 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. Right now, we're just looking out to Q4 and what happens next year, I think we'll have a better visibility into over the next three to six months. 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. SG&A expenses in the quarter were $120 million or 29.5% of net revenue compared to 28.5% last year. For the full fiscal year, Aritzia generated $1.495 billion in sales, which was up 74.3 per centfrom $857.3 milllion in its2021 fiscal year, the company said. 06-18-2022. So as I've been saying in my prepared remarks, we have a long-term view of the business. The new expectations represent growth of 25% to 27% for the full year. If you have an ad-blocker enabled you may be blocked from proceeding. 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. So we did not layoff or furlough anyone as it related to COVID-19. (Aritzia currently has approximately 4,000 team members.). 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. 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. Since I started my career at Aritzia I cant say, Ive been there and done that, says Wong. Aritzia's CEO is Jennifer Wong . 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. I will now pass the call over to Todd to share a more detailed look at our financials. 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. And then the store closures from last year as well. Jennifer Wong is Chief Executive Officer at Aritzia Inc. See Jennifer Wong's compensation, career history, education, & memberships. So if you could just talk a little bit about some of the attributes that you think should help Aritzia weather this rocky period? 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. 31 posts. Meet Jennifer Wong, Aritzia President and COO, and here's how she proves that impact and innovation leads to retail success:. Aritzia Inc. was founded in 1984 and is headquartered in Vancouver, Canada.. 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. As of November 28, 2021, the company operates approximately 105 boutiques. })(). But at the same time, I don't think that we're depending on these launches for our sales and driving our growth over the next few years. 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. 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. He estimates about half its stock is proven sellers, accounting for about 80% of sales and keeping revenues stable year to year. 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. 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. 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. . Strategic real estate choices have also always been important to the brand, and Aritzia is growing in that realm and making power moves. A Vancouver native, she had planned to pursue finance upon graduating, but Aritzias CEO, Brian Hill, had other ideas. 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. He's still Aritzia's biggest shareholder with nearly 19 percent of the equity and also controls about 70 percent of the voting power. So we started, in Q3, spending significantly on expedited freight last year. HARRINGTON JACKET MENS CLASSIC RETRO SCOOTER 1970'S VINTAGE BOMBER MOD COAT TOP . 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. So we're going to continue to push and open stores. 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. listeners: [], 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 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. Aritzia Inc. was founded in 1984 and is headquartered in Vancouver, Canada. The next question is from Dylan Carden with William Blair. The campaign features Canadian models (and mothers) Tasha Tilberg and Janice Alida photographed with their children. Really nice to see the strong momentum and the strong demand continuing. I've made lots of friendships through my work. Jennifer Wong began at Aritzia as a salesman 35 years in the past. Engineered to deliver warmth down to -20C / -4F, it's made with an exceptionally warm wool-cashmere fabric from a premier Italian mill. And Wong is Aritzias analyst-in-chief. Of course, Aritzia isnt the first Canadian fashion retailer to make tracks in the U.S. 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. 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 eCommerce, we saw our traffic grow further in Q1. 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. ), Architectural and interior photography of Aritzia Super World NYC. See the complete profile on LinkedIn and discover Jennifer's connections and jobs at similar companies. So we're excited about them. Super Puffs immersive pop-up environments, called Super Worlds, were developed by Aritzias creative team and Willo Perron, the designer credited with Drakes flyingFerrariand Jay Zs 4:44 album, among other projects. I think it's starting with last year is probably the right place to start when you look at the year-over-year growth. One of the initiatives Wong is most proud of is implementing a SAP enterprise management system in 2007. "Wongknows the companyinside and out, and upside down at this point. I mean, our eCommerce channel, where we're doing more business in eCommerce now than we were at Aritzia when we went public five years ago. "Exercise is a big relief," she says. Thank you. [Operator Instructions]. >> Rocketreach finds email, phone & social media for 450M+ professionals. 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. In Q1, we reached the 50 people milestone on our data and analytics team. This article was published more than 13 years ago. window.mc4wp.listeners.push( Wong explains the growth of Aritzias e-commerce: Upon the closure of our boutiques, we took immediate action to drive e-commerce revenue, adjusting our product, marketing and operational strategies appropriately. We're continuing to grow our boutique portfolio, expand our DCs, invest in infrastructure and build our team of world-class talent. 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. Our inventory buys are focused on our proven sellers, and we are confident we are on track to have the product to meet demand through the fall/winter season. But I'm just curious, is that something that you would expect to roll out over the -- across the entire network? View Jennifer Wong's profile on LinkedIn, the world's largest professional community. From there she was promoted to vice-president of support operations, and in January 2007, to chief operating officer. I run the fashion; she runs the business., During the fateful ides of March, that business faced a catastrophe. In Q1, we formed our Environmental and Social Board Committee to oversee how we can continue to accelerate the positive impact we are making through our operations, policies, programs and initiatives. I had a friend call me who is in the business from -- in the U.S. to ask -- to say they had seen some softness for about four weeks. Looking for somebody else's email? I thought I would do this until I got a real job in finance after I graduated, says the Vancouver native. I love what we're doing personally. And so we do see things returning to normal at some point over the course of this year and into next year. 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. 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. Develop your readiness for a crisis. 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. Vancouver fashion retailer Aritzia Inc. (TSX:ARTZ) has appointed Jennifer Wong as CEO, while current CEO, Brian Hill, becomes executive chair. Sophie Grgoire Trudeau, Hailey Bieber and the supermodel Hadid sisters are other famous figures who gave Aritzia a social media boost. & Non-Independent Director of Aritzia, the total compensation of Ms Wong at Aritzia is CAD$1,096,831. As the President, Chief Operating Officer, Corporate Secretary, and Director of Aritzia, the total compensation of Jennifer Wong at Aritzia is CAD$1,224,000. While we continue to make our assortment more sustainable, we also delivered on two of our product expansion initiatives. Jennifer graduated from . 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. And so what we're seeing now is getting ourselves back into a position where we feel comfortable with our inventory levels. "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. Experience Chief Executive Officer Aritzia . But we're pretty confident that we're going to end up in a pretty good place here. 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. "Client growth [in the U.S.] has increased more than 300 per cent in the past two years." Aritzia also noted its inventory climbed by 150 per cent over the past year. Thanks, and good afternoon, everyone. 1,039 followers. This improvement was achieved primarily from leverage on occupancy and warehousing costs that was amplified as we lapped the boutique closures from last year. She served as an executive sponsor to several successful strategic initiatives, most notably, the launch of our eCommerce business (2012), implementation of our enterprise resource planning system (2008), relocation of our distribution centre (2008) and our . 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. I think we're having some technical difficulties here. So we're super excited with the experience. So it's -- we feel extremely comfortable with where we're at right now. It remains to be seen whether COVID-19 will permanently change shopping dynamics. "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. Not the Jennifer Wong you were looking for? Our business in the United States accounted for 51% of net revenue in the first quarter compared to 46% last year. I mean I love this way more. Its famous neighbours include fashion industry powerhouses like Prada, H&M and Bloomingdales. We also advanced our client and sales reporting this quarter, giving us a 360-degree view of our clients and their shopping behaviors. In 1987, U2's On the southeast corner of Broadway and Spring in New York Citys stylish SoHo neighbourhood is the Canadian clothing store, Aritzia. This outstanding growth in spite of macro headwinds was driven by the incredible demand for our product across all geographies and all channels. Please. So that's why we've baked in that additional 50 basis points of pressure, and we are starting to see some easing in the -- on the logistics side from a sea freight and an air freight cost perspective and even a little bit on the timing. 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. Jennifer Wong joined Aritzia in 1987. Jennifer Wong COO Aritzia LP. Right now, the positioning that we have in the marketplace with Everyday Luxury has positioned us given what might be coming down in terms of the environment and what we're seeing with competitors in that we see it being an opportunity. Its confidence in knowing weve taken the time to analyze something and make an informed decision., Wong says its not just the employees at the executive level who are responsible for keeping Aritzia cutting-edge. Aritzias website, launched in 2012, was more than two years in the making. . Despite its linear path, her professional development has been anything but stagnant. 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. Hill, a third-generation retailer whose familys Hills of Kerrisdale department store has been a Vancouver fixture for almost a century, put Wong in charge of footwear for Aritzias four stores. As a followup to this capsule collection, Aritzia released a limited-edition collection, Cause Mom, in time for Mothers Day. We have doubled our U.S. active client base compared to last year. 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.

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