on: function(evt, cb) { Over the course of Wongs 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. We apologise, but the video didn't load.Pay can see other videos from its team by tapping here. And then we're obviously monitoring our usage as well. And these new categories are looking down the road and down in the future as we continue to expand. Learn how the brand is doing it, by . the total compensation of Ms Wong at Aritzia is CAD$1,096,831. I cover captivating visionaries in fashion & lifestyle. Thanks great. We learn, we refine, we continue to make changes, Wong shares. We were planning for a lot worse. But the recent resurgence of the virus makes it clear the pandemic isnt over, which could mean more emergencies ahead. Ms. Wong embodies Aritzia's culture, championing the business and leadership philosophies. Preview Subscribe. Really nice to see the strong momentum and the strong demand continuing. But at this point in time, we're cautiously optimistic that we're going to continue on with the same track we've been on for quite some time now. Open Your Heart. I oversee the finance department, so I'm exposed to all that, but I'm also exposed to the breadth of the business: there's HR, IT, logistics. And as Jen mentioned, we're going to monitor all the other aspects of this. Please go ahead. There are 2 executives at Aritzia getting paid more, with Jed Paulson having the highest compensation of $2,449,610 . I'm going to pass that over to Brian because it's a product question, if you don't mind. In 2023, Jennifer will perform her new stand-up show, Jennifer Wong Has No Peripheral Vision, at Adelaide Fringe (14-19 March) and the Melbourne International Comedy Festival (30 March - 9 April). Sent me right away for EKG , . 1,039 followers. Yes, we aren't seeing any change in that right now. And based on your commentary, Jennifer, it sounds as though the line extensions, notably the swimwear, the launch is going very well. There are 1 executives at Aritzia getting paid more, with JedPaulson having the highest compensation of $2,449,610. 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. As such, we finished the quarter with more clients than ever before. And so we're looking at that. Wong was named COO in 2007, and in 2015, was named president & COO of Aritzia. And Petrie warns an overreliance on influencers could put Aritzias image at risk. meet aritzia's jennifer wong, one of canada's 50 best executives. Wallmine is a radically better financial terminal. But even though I'm always available for work, my career is very important to me. Twenty-five years later, Wong is still at Aritzia, and in an era when its not uncommon for young professionals to change careers multiple times, this makes her somewhat of an anomaly. "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. Wong has been at the Canadian womenswear brand for 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. And I think that's proven. I run the fashion; she runs the business., During the fateful ides of March, that business faced a catastrophe. They will require some capital, but we actually foresee our sales increasing. As much as real estate is a priority for Aritzia, the brands digital footprint is also a critical part of its strategy. Yes. . Okay. And I think that we're in it for the long game, as Jen mentioned. 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. 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. And so what we're seeing in, for instance, with our product expansion is we have a wide offering that has a fantastic appeal to our customer, and they're responding well to what we're offering. 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. The fundprovidedfinancial continuity to Aritzias people whoweredirectly or indirectly been affected by its store closures due to COVID-19. Jennifer Wong is the Pres, COO, Corp. Sec. His fashion retailer has increased in size to 106 stores, including some under banners such asTNA, Babaton and Wilfred. That's great. While Todd will provide you with our detailed financial results, I am pleased to share that we delivered net revenue of $408 million in Q1, an increase of 65% from last year, led by our business in the U.S., which continued to accelerate at a phenomenal pace, increasing 81% from last year. So we're balancing that. This improvement was achieved primarily from leverage on occupancy and warehousing costs that was amplified as we lapped the boutique closures from last year. And then so now, Michigan is not -- and the size of Michigan is not related to that. And also interesting Brian's comment about a friend who isn't seeing that. And then the store closures from last year as well. You may disconnect your lines. Demand for our much-loved Everyday Luxury experience from new and loyal clients has continued to exceed our highest expectations. 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. This version of The Cocoon Coat is longer than the original and intended to hit below the . And so therefore, obviously, the first half of this year, we're lapping a period where we didn't spend significantly. 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. This is a beautifully structured coat with a wrap silhouette and a cozy collar that can be worn up or down. So we're excited about them. 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. Her first big success was managing the Dr. Martens craze, working directly with the British factories to keep the iconic boots in stock. Find contact information for Aritzia. Please note that due primarily to the timing of expedited freight this year versus last year, for the remainder of the year, we expect higher pressure on gross profit margins in the second quarter and for that pressure to subside partially in the third quarter with the opportunity for gross profit margin in the fourth quarter to be slightly positive as we lap elevated freight costs in the back half of last year. Thats about all the details the videoconference screen reveals. "My job is broader than banking and finances. Ms. Wong earned a Bachelor of Arts in Economics from the University of British Columbia. Clearly, you guys are feeling cost inflation and many of your competitors even more so with less revenue growth to be able to offset it. 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. From there, she moved through human resources, legal, finance, marketing and technology, and was named COO in 2007. Finally, our eCommerce net revenue was $120 million, an increase of 16%. 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. Potentially air freight prices could come down or expedited freight costs. And then so there could be savings there. The retailers rapid growth since going public in 2016 stands in sharp contrast to industry trend lines. "I feel my best after a really good cardio workout. How much is for product versus other services, dressing rooms or cafes? We celebrated their heart, passion and fearlessness as they pave the way for future generation. In Q1, our business sustained its exceptional momentum as we saw strength in all geographies and all channels, particularly in the United States. Yes, I'll take that. Brian was answering the question, but I don't know if we can hear him. Get 20 FREE Email lookups. In eCommerce, we saw our traffic grow further in Q1. "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. This is the conference operator. With stores closed, Wongs bigger worry was demand, so the company veered hard toward e-commerce. Find Jennifer Wong's phone number, address, and email on Spokeo, the leading online directory for contact information. And as always, we put our people first. The limitless opportunity to learn is what excites Wong about working at Aritzia. Founded in 1984, Aritzia has locations across Canada and has recently expanded to the United States, with two new venues in Santa Clara, Calif., and Seattle. No wonder: shes been with the company since 1987, when she joined the Robson Street store as a seasonal style advisor. During the first months of the pandemic, Aritzias e-commerce revenue surged by more than 150% compared to fiscal 2020. To date, it has contributed more than $36 million in product donations, financial support and volunteer hours to non-profits and Aritzia Community partners that share its values. Please go ahead. Our sites are always set on the future. 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. Cropped sweater, softer than a Persian cats fur, for those long days stuck at home. All rights reserved. Analysts had expected the company to generate about $135.4 million in net revenue. 210 . The And so we're super excited. Aritzia Inc. was founded in 1984 and is headquartered in Vancouver, Canada. At the retailers behest, some also went into social media overdrive, which has been growing increasingly important to the retailer as it makes inroads stateside. In 1985 Club Monaco moved south, but was eventually sold to the American company Ralph Lauren. We're going to see that inflationary pressure on the products coming in. 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. In addition, our retail revenue in the first quarter was $288 million, an increase of 101%. We're positioned very nicely where we think that we might lose some customers at the bottom, but we will certainly see some customers trading down. 2,088 records for Jennifer Wong. And then that will begin to ease in Q3. Today, Aritzia is a leader in the retail industry with a world-class team, a loyal community and an exciting future ahead of it. The next question is from Meaghen Annett with TD Securities. Leisurewear is selling a lot more.. There are now 29 retail locations stateside; the first opened in Seattle in 2007. Jennifer Wong is currently Chief Executive Officer at Aritzia - View - Aritzia org chart Set up your alert to follow the career of Jennifer Wong. We have carried our strong momentum into Q2 and continue to lay the foundation for long-term lasting growth. 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. Follow this author to stay notified about their latest stories. Hi Irene, it's, Jennifer. 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. Apr 19, 2011. canadastop40under40.com . 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? But -- so we see some growth there. joining us today. Thank you. 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. Jennifer Wong was born and raised in Hong Kong. He estimates about half its stock is proven sellers, accounting for about 80% of sales and keeping revenues stable year to year. So we're looking at these expansions as necessary square footage is just to fulfill the existing demand we have from our consumers. The launches have gone extremely well. Expertise shouldn't be at all times apparent. Ms Wong is 51, she's been the Pres, COO, and Corp. Sec. Vancouver fashion retailer Aritzia Inc. (TSX:ARTZ)has appointed Jennifer Wong as CEO, while current CEO, Brian Hill, becomes executive chair. november 2020. 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. They continue to navigate the ongoing headwinds of the global landscape to deliver for our clients and our business. Designed for executives who want to optimize their leadership potential and continue to establish their legacy. 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. Know. View Jennifer Wong's profile on LinkedIn, the world's largest professional community. The next question is from Stephen MacLeod with BMO Capital Markets. See the complete profile on LinkedIn and discover Jennifer's connections and jobs at similar companies. 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. She worked at the Robson Street location part-time, earning cash to buy clothes from the same store she adored for its hip designs. On the southeast corner of Broadway and Spring in New York Citys stylish SoHo neighbourhood is the Canadian clothing store, Aritzia. Please go ahead. And presently, we're not looking at -- we're looking at promoting our swim and things in our stores, for sure, intimates as well. 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. She grows animated while relating the episode. 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. And then secondarily, wondering how you -- how comfortable you feel about that elevation in gross margin? Aritzia Inc., together with its subsidiaries, designs and sells apparels and accessories for women in North America. Aritzia has never been stronger or better positioned for the future. There's a Louis Vuitton flagship store in there.". I was just hoping you could do a little more handholding on the inventory growth. Hill has given every indication that Aritzias boutique expansion will continue, especially stateside. Fatal Attraction came out, and radio stations were playing Madonna's Hello! And many people dont realize the founder of the iconic brand American Apparel actually hails from Canada. Okay. The oldest executive at Aritzia, Inc. is AldoBensadoun, 79, who is the Independent Director. We've seen that register quite a bit now and come roaring back for us. Strategic real estate choices have also always been important to the brand, and Aritzia is growing in that realm and making power moves. She served as an executive sponsor to several successful strategic initiatives, most notably, the . Propelling our business forward has not come without its challenges. 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