But I guess I just wanted to sort of ask about you've been able to move away from some of your promotions, especially in the U.S. and sort of structurally move higher on gross margin. Following management's discussion, we'll host a question-and-answer period open to analysts and investors. 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. A long-term shift toward more casual clothing may permanently impair its Babaton and Wilfred labels. Jennifer Wong is President, Chief Operating Officer, . There were many firsts: our first-ever capsule collection,featuringfor the first time our remarkable Aritzia people,and with 100% of proceeds going to our Aritzia Community partner organizations.. It offers t-shirts, tops, bodysuits, shirts, blouses, sweaters, knitwear, sweatsuits, pants, denims, leggings, bike shorts, dresses, skirts, jackets, blazers, jackets, coats, shoes, and accessories, including hats, socks, face masks, intimates, gloves and mittens, belts, scarves, scrunchies, bags, and iphone cases. I love what we're doing personally. We took the next couple of weeks to analyze our business and during that time, we kept all of our people employed. We're monitoring it on a daily basis. I have a love for my job. Hill has given every indication that Aritzias boutique expansion will continue, especially stateside. Brian is the creative genius behind the brands and how they go to market, and Jennifer is a phenomenal operator. What developed was the vision to vertically-integrate a variety of different brands, rounding out an assortment of fashion apparel to appeal to mum, grandma, and daughter. Original labels Babaton, Talula, and TNA are among 16 exclusive Aritzia in-house brands which now make up 95 per cent of the stock; Denim Form, launched in 2018, is the most recent. Her plan was to make some extra cash while she studied economics at the University of British Columbia. 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. And like I said in the prepared remarks, we have not seen any indicator sales being at the top line, but we have not seen any indicators, whether it be traffic to our website or average transaction size or average selling price. Strategic real estate choices have also always been important to the brand, and Aritzia is growing in that realm and making power moves. Jennifer Wong is Chief Executive Officer at Aritzia Inc. See Jennifer Wong's compensation, career history, education, & memberships. And nine Canadian apparel retailers have filed for bankruptcy protection so far this year, along with the Canadian operations of seven foreign-owned chains, according to industry research firm Trendex. We have doubled our U.S. active client base compared to last year. Okay. And as Jen mentioned, we're going to monitor all the other aspects of this. 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. And also interesting Brian's comment about a friend who isn't seeing that. HARRINGTON JACKET MENS CLASSIC RETRO SCOOTER 1970'S VINTAGE BOMBER MOD COAT TOP . Hi Irene, it's, Jennifer. Julianne Moore Shines A Light On The Nuance Of Social Justice Work In A New Film From Jesse Eisenberg And Emma Stone, Heineken USA CEO Maggie Timoney On Increasing Inclusion In The Alcohol Industry, How To Develop Your Authentic Leadership Brand, Animator Momo Wang Used Her Tuzki Success To Catapult Her Career In Animation, How This Scrappy Entrepreneur Built Her Business By Creating The Perfect Collaborative Space, Mental Health In The Workplace: Predicted Trends For 2023, For 50 Years The Alliance Of Resident Theatres/New York Has Been Devoted To Help Nonprofit Theaters Make Their Art. ProductEmail Finder API Accuracy Pricing Company Email Directory Compare. 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 38 years at the helm of the clothing chain, the founder of Aritzia steps down as CEO. We celebrated their heart, passion and fearlessness as they pave the way for future generation. To boost sales, Aritzia invested in an Instagram campaign with Kendall Jenner, who reportedly gets north of US$500,000 per post. No wonder: she's been with the company since 1987, when she joined the Robson Street store as a seasonal style advisor. pbs facing death documentary summary; burning american flag emoji copy and paste; cute names for a stuffed squid; unreal engine console commands; what does ashley mean; pheasant run apartments lafayette; . & Non-Independent Director of Aritzia, the total compensation of Ms Wong at Aritzia is CAD$1,096,831. It was also the year that Vancouver native Jennifer Wong started working at clothing retailer Aritzia. And if I could just add something there. } We still see the U.S. as there's a lot of white space there and ensuring that we continue to build the foundation for getting famous and propelling our brand and providing that exceptional client service that we are known for, that's what will keep us in the game, so to speak. SG&A expenses in the quarter were $120 million or 29.5% of net revenue compared to 28.5% last year. 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. With that, I'll now turn the call back to Jennifer. 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. Aritzia's fiscal 2022 profit was up by more than eight times: to $156.9 million from $19.2 million. Jennifer Wong joined Aritzia in 1987. But -- so we see some growth there. So obviously, sometimes real estate and the opportunities don't necessarily present the opportunity for a bigger store. 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). She studied English at Oxford University and earned an MA in creative writing at the University of East Anglia. And then that will begin to ease in Q3. . I give feedback as a consumer. This concludes the question-and-answer session and today's conference call. "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. The website now services over 200 countries worldwide. 2,088 records for Jennifer Wong. We're not even convinced at this point in time, we're going to offer intimates and swim in our stores. Aritzia Inc. (OTCPK:ATZAF) Q1 2023 Earnings Conference Call July 07, 2022, 04:30 PM ET Company Participants Beth Reed - VP, IR Jennifer Wong - CEO Todd Ingledew - CFO Brian Hill - Founder. 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. Numerous studies show that having stores in a market drives significant e-commerce activity. This improvement was achieved primarily from leverage on occupancy and warehousing costs that was amplified as we lapped the boutique closures from last year. Brian Wong The cheat code. Her plan was to make some extra cash while she studied economics at the University of British Columbia. He estimates about half its stock is proven sellers, accounting for about 80% of sales and keeping revenues stable year to year. And I know, Brian, you gave some color around the fact that these category extensions may not be needle movers. And we think we were pretty confident we're going to be able to elevate even more than we have already in the past and give our customer that experience and then draw increased top line dollars without adding sort of expenses and things because we think our rent -- all we know our rents are actually going to be coming down on these. I run the fashion; she runs the business., During the fateful ides of March, that business faced a catastrophe. 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. Is the consumer acting any differently around going out and where to work? { Strategically, it comes down to our business model. We focused on enhancements to our eCommerce and Concierge dashboards. (Super World LA is slated to open later this year.). Hill, who is in his late 50s,said that he remains as dedicated to Aritzia as he did when he founded the venture in 1984, with a first store in Oakridge Centre, and then a second one in Metropolis at Metrotown. There are 1 executives at Aritzia getting paid more, with JedPaulson having the highest compensation of $2,449,610. 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. But generally speaking, we changed the size of the stores that we're actually communicating to the landlords that we're after. In 1985 Club Monaco moved south, but was eventually sold to the American company Ralph Lauren. Cropped sweater, softer than a Persian cats fur, for those long days stuck at home. I don't know if the boutiques themselves and the quantity is changing. And what scenarios would have to play out to see some of those programs return or gross margins go back to prior levels? 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. BY DARLA MURRAY On the southeast corner of Broadway and Spring in New York City's stylish SoHo neighbourhood is the Canadian clothing store, Aritzia. We're continuing to grow our boutique portfolio, expand our DCs, invest in infrastructure and build our team of world-class talent. Every new venture is also new to me. She credits the companys success to her knowledge of the brand and a close-knit executive team. 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. 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. 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? [Operator Instructions]. Plus, the people I work with are like family. She pauses to consider. Aritzias sales at its roughly 30 U.S. locations have consistently exceeded expectations, and the market is now its main growth engine. So we're balancing that. Were in the fashion business. "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. 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. Wondering if it's jennifer@aritzia.com, jennifer.wong@aritzia.com, wong@aritzia.com, or jwong@aritzia.com? In terms of pricing and what we're seeing out there with inflation, we're getting this question a lot. 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. Find other Emails now. There's a Louis Vuitton flagship store in there.". Aritzia employs 4,617 employees. So where last year, the majority of the air freight was in the back half of the year, this year the majority is in the first half, including partially into the third quarter. 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. Today, Aritzia is hitting all the right notes, a testament to the power of selling a trendy product at an attainable price, in elevated yet always inviting store environments. 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 I think we've been doing this now for almost four decades, and there's been a number of different economic cycles in the last four decades. From Vancouver to New York City, Jennifer Wong, COO of Aritzia, is styled for success. Get Contact Info for All Departments. Get Contact Info for All Departments. These are your fall 2020 must-haves, and Aritzias got them all. Where impact and internal change are concerned, its an ever-evolving process. Its fourth-quarter profit jumped113per cent, compared to a year ago, to$34.2 million. His fashion retailer has increased in size to 106 stores, including some under banners such asTNA, Babaton and Wilfred. I mean, COVID, right? 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. Aritzia Inc. (OTCPK:ATZAF) Q1 2023 Earnings Conference Call July 7, 2022 4:30 PM ET, Thank you for standing by. 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. Gross profit margin was 44.3% in the quarter, expanding 10 basis points from 44.2% last year. event : evt, Leisurewear is selling a lot more.. During the first months of the pandemic, Aritzias e-commerce revenue surged by more than 150% compared to fiscal 2020. Todd and I will share some prepared remarks, and Brian will join us for the Q&A.
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