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. Dr. Jennifer Wong is very nice, attentive, asked my family background, my parents and siblings names and age and their cause of passing. We've been doing a lot of research on this, and we've recently gone on a big trip around all through Europe and United States looking at what others are doing. SG&A as a percent of net revenue is expected to increase approximately 50 to 100 basis points compared to last year, reflecting continued investments in talent and technology to fuel our future growth. 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. Learn about their Apparel & Accessories Retail, Retail market share, competitors, and Aritzia's email format. The Aritzia management team includes David Labistour (Board Member), Todd Ingledew (Chief Financial Officer), and Jennifer Wong (Chief Executive Officer) . ); During the first months of the pandemic, Aritzias e-commerce revenue surged by more than 150% compared to fiscal 2020. It's hard to predict at this point. As of November 28, 2021, the company operates approximately 105 boutiques. Wondering if it's jennifer@aritzia.com, jennifer.wong@aritzia.com, wong@aritzia.com, or jwong@aritzia.com? 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. The next question is from Lorraine Hutchinson with Bank of America. Corporate Secretary, and Director of Aritzia, the total compensation of Jennifer Wong at Aritzia is CAD$1,224,000. Hi Steve. 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. 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. So we're going to continue to push and open stores. A strong e-commerce platform has been the single biggest differentiator between winners and losers over the past six months.. The end of bricks and mortar? These dashboards deliver actionable insights that enable us to further optimize our operations and increasingly more value for our clients. As we continue to respond to client demand and the challenges of the global landscape with flexibility, we are also investing in our business for the future. 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. Expertise shouldn't be at all times apparent. Ms. Wong embodies Aritzias culture, championing our business and leadership philosophies. "Aventura Mall is one of the top shopping centers in the U.S. Report this profile Report Report. We had a terrific start to the year. And more specifically, how that change relates to what you're seeing in terms of challenges in the supply chain, anything noteworthy in terms of shipping times, freight rates or even your use of expedited freight? The company's fourth-quarternet revenue increased by66.1 per cent, compared to the same quarter a year ago, to $444.3 million. Yes. HARRINGTON JACKET MENS CLASSIC RETRO SCOOTER 1970'S VINTAGE BOMBER MOD COAT TOP . But it's not material at this point. Back Submit. Through this partnership, we will extend their analytics solution to our entire organization. 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. Were super thrilled about it, says Wong of their new flagship boutique. In Q1, we were lapping two months of closures versus one month in Q2. I think the biggest difference is the timing this year. She has executive oversight of support functions including human resources, finance, information technology, supply chain, employee experience, communications, and enterprise risk management. We opened three new boutiques in the quarter to a tremendous client response, two of which were in new markets, Las Vegas and Miami. It was also the year that Vancouver native Jennifer Wong started working at clothing retailer Aritzia. Open Your Heart. 1,039 Followers, 784 Following, 31 Posts - See Instagram photos and videos from Jennifer Wong (@jennwongg) jennwongg. Sorry, Mark. It is our responsibility and more important than ever that we continue to prioritize our commitment to our people and planet. And while our business is exceptionally good and continues to be exceptionally good, we are, as I said, monitoring very closely for any signs. Now, Aritzia aims to capitalize on other retailers' woes by snapping up choice locations for pennies on the dollar, even as it expands online. Jennifer served as Chief Operating Officer and President, Chief Operating Officer and Secretary for Aritzia. ", Aritzia said in a statement that Hill has "no immediate plans to make changes in [his] share ownership position. & Non-Independent Director of Aritzia, the total compensation of Ms Wong at Aritzia is CAD$1,096,831. Thats about all the details the videoconference screen reveals. Ms. Wong earned a Bachelor of Arts in Economics from the University of British Columbia. 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. We will continue purchasing shares opportunistically throughout fiscal 2023. Aritzias sales at its roughly 30 U.S. locations have consistently exceeded expectations, and the market is now its main growth engine. 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. 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. The oldest executive at Aritzia, Inc. is AldoBensadoun, 79, who is the Independent Director. . Our whole marketing objective is to get famous in the U.S., says Hill. callback: cb "I thought I would do this until I got a 'real job' in finance after I graduated," says the Vancouver native. He's still Aritzia's biggest shareholder with nearly 19 percent of the equity and also controls about 70 percent of the voting power. No Credit Card required. We're really pleased with that. Thanks, and good afternoon, everyone. (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. And as always, we put our people first. And is there any opportunity in Canada in certain markets where you also think you should upsize the boutiques -- some of the boutiques? April 18, 2018 Mandate of the Board of Directors (opens in new window) 195 KB. My gig here is to build the infrastructure to enable our growth, says Wong. The chain oozes cool: it often hires DJs to play in its stores. 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%. Yes, good afternoon. 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. 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. It didnt lay off any staff, instead shifting many to help with e-commerce and call centre operations. And then we want to not only catch up with that, but we're trying to get our inventory even higher to sort of alleviate the expedited freight, coupled with the ongoing rolling COVID closures and some of our supply chain as well. This improvement was achieved primarily from leverage on occupancy and warehousing costs that was amplified as we lapped the boutique closures from last year. In Q1, our retail business surpassed our expectations as it increased 101% from last year. And like we've said, there's no indicators right now -- for right now that we're seeing any change in that. Of course, Aritzia isnt the first Canadian fashion retailer to make tracks in the U.S. 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. 1 clothing retailer in Canada because its tactile browsing experience cant easily be duplicated online. Ms. Wong began her tenure with us in 1987 as a part-time sales associate. Her plan was to make some extra cash while she studied economics at the University of British Columbia. Presently, we're repositioning three in Toronto from sort of 4,000, 5,000 feet up to 15,000, 20,000 feet. Aritzia Inc. is a Canada-based company, which is a design house and fashion boutique. I cover captivating visionaries in fashion & lifestyle. And so we're super excited. Wong has been president and COO at Aritzia. 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. Wanda Costen is leading change in business education. It is not the customer experience we want to in the elevated Everyday Luxury experience, we want to translate to our customers. Other celebrity sightings led to stock sellouts, which further fuelled the buzz. This increase includes higher in-transit inventory due to the strategic decision to order and ship our fall product earlier. And so we think rather than opening more stores and changing the target on those stores, we're actually thinking the bigger footprints to increase and improve the overall Everyday Luxury experience. The Wilfred Cocoon Coat Long is a long wool-cashmere coat. We would refer you to our most recently filed management's discussion and analysis and our annual information form, which include a summary of the material assumptions as well as risks and factors that could affect our future performance and our ability to deliver on these forward-looking statements. But even though I'm always available for work, my career is very important to me. Thanks, Jennifer, and good afternoon, everyone. Even before the pandemic hit, Canadian fashion retail was littered with flame-outs, including Reitmans, Le Chteau and Danier. Aritzia was startedinside the Hill familys80-year-old department store in Vancouver. . Or do you sort of start at the flagship and then go to eCommerce and then see how clients respond before offering it more broadly? 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