Thanks for that. Wallmine is a radically better financial terminal. We've seen that register quite a bit now and come roaring back for us. Ms. Wong was 18 years old at the time and studying commerce at the University of British Columbia. So we started, in Q3, spending significantly on expedited freight last year. We feel it was a big milestone. I mean these initiatives right now in the short term are not going to drive our sales. They continue to navigate the ongoing headwinds of the global landscape to deliver for our clients and our business. HARRINGTON JACKET MENS CLASSIC RETRO SCOOTER 1970'S VINTAGE BOMBER MOD COAT TOP . Hi, Lorraine, that's a good question because we've had lots of internal dialogue about that. While the pandemic halted a run of 22 consecutive quarters of comparable sales growth, the Vancouver-based retailer registered a smaller revenue drop than many rivals, thanks to its nimble pivot to e-commerce. >> Rocketreach finds email, phone & social media for 450M+ professionals. Outside brands like Levis make up less than 10% of its sales. In the second quarter, net revenue was down more than 25% from the previous year, and in-store sales in July were roughly 60% of pre-COVID levels. Our geographic expansion continues to be our most effective vehicle for propelling our brand and acquiring clients for all of our channels. Thank you. This enabled us to capitalize on the vast majority of our client demand, grow wallet share and deliver exceptional results. While we're encouraged by the trends we're seeing in our data, we continue to remain vigilant as we monitor the ever-evolving macro backdrop. Sorry, Mark. We have the answers for you. Wong has been president and COO at Aritzia. We also continued to focus on uplifting and empowering our communities and all the people we serve. 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. Our liquidity position remains strong with $179 million in cash and zero drawn on our $175 million revolving credit facility. As a second wave of COVID-19 threatens to roil retail again, however, even the most painstaking preparations may not be enough. Despite its linear path, her professional development has been anything but stagnant. He's talking. So as I've been saying in my prepared remarks, we have a long-term view of the business. Aritzias sales at its roughly 30 U.S. locations have consistently exceeded expectations, and the market is now its main growth engine. He's still Aritzia's biggest shareholder with nearly 19 percent of the equity and also controls about 70 percent of the voting power. 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. & Non-Independent Director of Aritzia, the total compensation of Ms Wong at Aritzia is CAD$1,096,831. Jennifer Wong is our President and COO, a position she has held since 2015. 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. In Q1, our retail business surpassed our expectations as it increased 101% from last year. 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. Jennifer Wong she/her. A strong e-commerce platform has been the single biggest differentiator between winners and losers over the past six months.. 1 clothing retailer in Canada because its tactile browsing experience cant easily be duplicated online. (To date in fiscal year 2021, which started March 2, 2020, Aritzia has opened two new boutiques and expanded or repositioned two existing boutiques in Canada, and opened five new boutiques and expanded an existing one in the United States. ProductEmail Finder API Accuracy Pricing Company Email Directory Compare. 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. So we did not layoff or furlough anyone as it related to COVID-19. (Aritzia currently has approximately 4,000 team members.). 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. "My job is broader than banking and finances. event : evt, "I feel my best after a really good cardio workout. Moving to people. Okay. Wong embodies Aritzia's culture, championing our business and leadership philosophies. How it trends through the balance of the year and then sort of the current nature of the inventory? As the Pres, COO, and Corp. Sec. (To date, Aritzia boasts ten signature brands ranging in demographic and price point, including TNA, Babaton and Wilfred.). As consumer tastes shift and lifestyles change, a multibrand strategy mitigates the risk, says Hill. 2,088 records for Jennifer Wong. jennifer wong aritzia husband 21st May 2022 . I love what we're doing personally. It remains to be seen whether COVID-19 will permanently change shopping dynamics. I think last year -- throughout the entire year, we were chasing -- our inventory levels were between 20% and 30% up over the prior year, but our sales were up 75%. Aritzia employs 4,617 employees. There's always something going on, and I'm always on my BlackBerry. 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. Please. And many people dont realize the founder of the iconic brand American Apparel actually hails from Canada. There are 2 executives at Aritzia getting paid more, with Jed Paulson having the highest compensation of $2,449,610. April 18, 2018 Mandate of the Board of Directors (opens in new window) 195 KB. But were very analytical, she says. "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. For the first quarter, we generated net revenue of $408 million, an increase of 65% from last year. Aritzias digital concierge platform helps staff serve as personal stylists, giving them access to records of customers' preferences and enabling marketing personalization. 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. 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. Experience Chief Executive Officer Aritzia . And just as a follow-up, I assume that, that impact from expedited freight would be incremental to last year. Following management's discussion, we'll host a question-and-answer period open to analysts and investors. Thanks. Our marketing department cringes when I say this, but fundamentally, Aritzia sells clothes, he says. She served as an executive sponsor to several successful strategic initiatives, most notably, the . That said, we saw key programs and proven sellers continue to resonate with clients and drive our strong demand. And so we did talk a bit about some of the transitory impacts on the gross margin here. 5 5 0. But it's not material at this point. Our new stores are getting bigger. As such, we expect net revenue for the second quarter to be in the range of $440 million to $460 million, representing an increase of approximately 26% to 31% compared to last year. And we're very much aware of what other people are reporting. 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. They are part of the Executive team within the C-Suite Department and their management level is C-Level. How much relates to the closures last year expedited freight? (Page 3) 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. What makes Aritzia different, says Wong, is that it values its Canadian roots and is commitment to maintaining its unique culture. We now expect gross profit margin to decline up to an additional 50 basis points for the year to approximately 100 to 150 basis points down compared to last year, reflecting higher-than-expected inflationary pressure. VANCOUVER - Aritzia Inc. says founder and chief executive Brian Hill is stepping down from the role after leading the clothing retailer for 38 years. 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. The oldest executive at Aritzia, Inc. is AldoBensadoun, 79, who is the Independent Director. 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. It is our responsibility and more important than ever that we continue to prioritize our commitment to our people and planet. I think it's starting with last year is probably the right place to start when you look at the year-over-year growth. Jennifer Wong, President and COO of Aritzia, Photo Credit: Evaan - https://evaan.com. Expertise shouldn't be at all times apparent. 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. We're going to see that inflationary pressure on the products coming in. This concludes the question-and-answer session and today's conference call. As a followup to this capsule collection, Aritzia released a limited-edition collection, Cause Mom, in time for Mothers Day. Hi Irene, it's, Jennifer. In fact, we did, says Wong defiantly, launching the first stores right in the middle of the financial crisis. . So that's why we're planning on seeing the most pressure in Q2. 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. I just wanted to follow up on the gross margin expectation. This is a beautifully structured coat with a wrap silhouette and a cozy collar that can be worn up or down. 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. Good afternoon. At 5 a.m. on March 15, Wong was in Whistler, B.C., on spring break with her family when she got a call from Hill. Thanks, Jennifer, and good afternoon, everyone. Date Download. Report this profile Report Report. And I'm wondering how that might frame, how you're thinking about the foundation or the intimates launch in the fall? 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 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. 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. When the pandemic hit, the company couriered clothes to models to photograph at home and moved stock from stores to the distribution centre. Designed to help you build your network, because you never know where that next connection takes you. What could change? ", He lauded Wong, and said, "our tremendous success is a result of Jennifer's contributions. Not the Jennifer Wong you were looking for? 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. Not if you know how to do bricks and mortar right. 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