jennifer wong aritzia husbandFebruary 2023
Jennifer Wong has 3 current jobs including CEO at Aritzia, President & Chief Operating Officer at Aritzia, and COO at Aritzia. Wong has been president and COO at Aritzia. And while I know Todd has spoken about what our outlook is for gross margin for the rest of the fiscal year, we do see these being what we're calling transitory cost effects. 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. 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. Thank you for participating, and have a pleasant day. Our marketing department cringes when I say this, but fundamentally, Aritzia sells clothes, he says. That was probably two weeks ago and asked if we had, and I was quite political in my response because we had not seen any decreases in our sales and our customer activity whatsoever. We are focused on driving long-term lasting growth through our strategic initiatives and as always, investing in the infrastructure required to scale for years to come. Excluding this region, eCommerce grew 25% in the quarter, reflecting growth in traffic from new and existing clients. It was really important for us not to layoff or furlough anyone. There are 1 executives at Aritzia getting paid more, with JedPaulson having the highest compensation of $2,449,610. I don't know if the boutiques themselves and the quantity is changing. meet aritzia's jennifer wong, one of canada's 50 best executives. 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. Aritzia Inc. was founded in 1984 and is headquartered in Vancouver, Canada. I think it's starting with last year is probably the right place to start when you look at the year-over-year growth. Potentially air freight prices could come down or expedited freight costs. Her first big success was managing the Dr. Martens craze, working directly with the British factories to keep the iconic boots in stock. With stores closed, Wongs bigger worry was demand, so the company veered hard toward e-commerce. To motivate her staff, she is less inclined to offer advice on how they can take their career to the next level, than to act as an example of whats possible. Im usually the boring one who has to say, Id never wear that. Hill and Wong have established a clean division of duties. Our sites are always set on the future. I have never worked as hard, she says. What makes Aritzia different, says Wong, is that it values its Canadian roots and is commitment to maintaining its unique culture. In addition, it sells its products through online at aritzia.com. And then we also have, in the second quarter, COVID relief subsidies and rent abatements that we received last year that are -- that obviously we're not going to get this year. Picture by Aritzia Article content material. And then we're obviously monitoring our usage as well. Good afternoon, everyone, and thank you for joining us today. So that's why we're planning on seeing the most pressure in Q2. There are 1 executives at Aritzia getting paid more, with Jed Paulson having the highest compensation of $2,449,610. Follow. I run the fashion; she runs the business., During the fateful ides of March, that business faced a catastrophe. The online infrastructure held up despite days that were as busy as Black Friday and Cyber Monday, says Wong. The company was formerly known as Aritzia Capital Corporation and changed its name to Aritzia Inc. in August 2016. Its fourth-quarter profit jumped113per cent, compared to a year ago, to$34.2 million. "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. We maximized the availability of our product and delivered a solid inventory position through strategic inventory management and expedited freight. Shes done a great job of putting the strategic dream into place.. Like all global businesses, we continue to experience supply chain disruptions and logistics delays in Q1. She had an ability to cut out the noise and eloquently share an opinion, he says. This decision resulted in significantly higher freight costs, but we intentionally prioritized our accelerated momentum. And these new categories are looking down the road and down in the future as we continue to expand. I always have to be moving the peanut forward, so to speak. Ms. Wong embodies Aritzia's culture, championing the business and leadership philosophies. Are you seeing any change in consumer behavior in Canada or the U.S., be it in basket size or categories? They continue to navigate the ongoing headwinds of the global landscape to deliver for our clients and our business. Open Your Heart. Related products. 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. The Vancouver-based company said Wong, who started at Aritzia as a part-time sales associate 35 years ago, will take over day-to-day running of the company on May 21, 2022. Struggling to demonstrate your value as a board member? Get Contact Info for All Departments. The arrival of the fall lines is something of a relief, given the spring and summer seasons were largely cancelled by the pandemic. Good afternoon, everyone. We apologise, but the video didn't load.Pay can see other videos from its team by tapping here. Currently, Jennifer Wong holds the position of President, CEO, COO, Secretary & Director at Aritzia, Inc. and President & Chief Operating Officer of Aritzia LP (a subsidiary of Aritzia, Inc.). At first glance it seems the boutique, which spans 10,000 square feet over two stories, resembles nothing of its originsthe small nook tucked inside the Hills of Kerrisdale department store in Vancouverbut there are two key components that havent changed since its humble beginnings: its distinctly Canadian vibe and the involvement of Jennifer Wong. 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. 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. Our business in the United States accounted for 51% of net revenue in the first quarter compared to 46% last year. And a puffy goose-down parkaoversized, like the yellow one Justin Biebers wife, Hailey, sported around Toronto last year. And so we think by opening these bigger stores and due to the economic environment out there in real estate, we're actually paying less or getting bigger stores and paying less rent than we were previously. We're hoping that we're also going to get margins and some -- a little bit of leverage to offset some of those inflationary pressures as well. How it trends through the balance of the year and then sort of the current nature of the inventory? Designed for executives who want to optimize their leadership potential and continue to establish their legacy. When we made the decision to close our stores in the middle of March last year, the first thing that was top of mind for us, was our people, Wong shares. Preview Subscribe. Plus, the people I work with are like family. Wong was 18 years old when she started working as a part-time sales associate at Aritzia in 1987. 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. Meanwhile, it makes deep buys of historically successful products that get refreshed year by year, says Stephen MacLeod, an analyst at BMO Capital Markets. Thanks, and good afternoon, everyone. Wong was 18 years old when she started working as a part-time sales associate at Aritzia in 1987. In Q2, we're entering new markets. 2,088 records for Jennifer Wong. As a followup to this capsule collection, Aritzia released a limited-edition collection, Cause Mom, in time for Mothers Day. SIGN UP FOR OUR THURSDAY NEWSLETTER. Verified account Protected Tweets @; Suggested users its most important sales period, said president J We're focused on setting ourselves up for a successful fall launch with a healthy inventory position and are ready to deliver our first ever intimate collection. The new expectations represent growth of 25% to 27% for the full year. So far, says Mark Petrie, an analyst with CIBC World Markets, Aritzia has shown admirable discipline in making the most of its strengths: a multibrand approach, vertical integration that makes it less vulnerable to supply-chain tangles, and affordable luxury positioning in a world of fast f. One of the hardest things to pull off in the apparel industry is consistency, says Petrie, and Aritzia approaches things in a very methodical way.. And so we're anticipating that, that may change over the back half. We're getting good TI packages and everything else. Aritzia Inc. was founded in 1984 and is headquartered in Vancouver, Canada.. . It's really from a building our inventory to be able to meet the demand that we have today and ensuring that we're in the right product. We continue to advance our data and analytics capabilities to empower our team to make informed data-driven decisions. The house-of-brands approach also enables the company to shift focus and inventory with fashions ebbs and flows. 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. Presently, we're repositioning three in Toronto from sort of 4,000, 5,000 feet up to 15,000, 20,000 feet. Is the consumer acting any differently around going out and where to work? In Canada, we grew by 52% with outstanding comparable sales growth and the benefit of reopened boutiques in Eastern Canada. Hill"Jennifer WongAritzia "Jennifer Aritzia And Wong is Aritzias analyst-in-chief. Jennifer L. Wong, MD. 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. Over time, the collection grew to more than a dozen brands, some featured in standalone boutiques. Aritzia is the name on the door, Wong explains, but there is no Aritzia on the labels. Today the three main labels are Babaton, youthful TNA, and breezy Wilfred, with various sub-brands and offshoots such as handbag lines and denim. Jennifer Wong is Chief Executive Officer at Aritzia Inc. See Jennifer Wong's compensation, career history, education, & memberships. And then the store closures from last year as well. And so while it looks like a larger increase over the prior year right now, if you take out some of the in-transit that I talked about, we would be down to a 54% increase. They are part of the Executive team within the C-Suite Department and their management level is C-Level. We delivered another quarter of exceptional financial results, again, exceeding our expectations, driven by stronger-than-anticipated demand, particularly in the United States as our brand continues to gain momentum. 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. Wong has been at the Canadian womenswear brand for Social media is one of many vehicles, but in the fashion business, its an important one. When Meghan Markle, Duchess of Sussex (whose stylist has a connection to Aritzia), was photographed in a Wilfred Cocoon coat, Aritzia team made sure the world knew it, and the line sold out. 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. Our boutiques and the progress we made on our geographic expansion drove our exceptional performance and U.S. growth. I have a love for my job. Team Members. 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. I will now pass the call over to Todd to share a more detailed look at our financials. window.mc4wp.listeners.push( So just wondering if you can quantify the impact from expedited freights in fiscal '23, specifically? We have a lot of Canadians with American citizenship working at the SoHo location, says Wong. Jennifer Wong, COO and president at Aritzia, Photo Credit: Evaan - https://evaan.com. And what scenarios would have to play out to see some of those programs return or gross margins go back to prior levels? 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. To boost sales, Aritzia invested in an Instagram campaign with Kendall Jenner, who reportedly gets north of US$500,000 per post. After 33 years, is she not tempted to try something else? event : evt, 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? ", Aritzia said in a statement that Hill has "no immediate plans to make changes in [his] share ownership position. HARRINGTON JACKET MENS CLASSIC RETRO SCOOTER 1970'S VINTAGE BOMBER MOD COAT TOP . 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. The retailers rapid growth since going public in 2016 stands in sharp contrast to industry trend lines. Engineered to deliver warmth down to -20C / -4F, it's made with an exceptionally warm wool-cashmere fabric from a premier Italian mill. "I'm always on. november 2020. Report this profile Report Report. Hello! Get Jennifer Wong's email address (j*****@aritzia.com) and phone number (604-805-..) at RocketReach. It's Brian. Even before the pandemic hit, Canadian fashion retail was littered with flame-outs, including Reitmans, Le Chteau and Danier. on: function(evt, cb) { As of November 28, 2021, the company operates approximately 105 boutiques. 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. 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. In Q1, our business sustained its exceptional momentum as we saw strength in all geographies and all channels, particularly in the United States. Jennifer Wong, President and COO of Aritzia, Photo Credit: Evaan - https://evaan.com. 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. We also further developed our data warehouse and deepened our partnership with Tableau. 06-18-2022. The company offers its products under the Wilfred, Babaton and TNA brands. 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