Thats my game, and this was the ultimate stress test, says Wong. Wood's Ark Invest nearly liquidates Silvergate Capital position, Musk bets big on beating shareholders at 'funding secured' trial, Investor Peltz, corporate doctor, pushes Disney to take bitter pill, BYD's Shares Fall After Warren Buffett Cuts Stake in Company Again, Shares of Ant-controlled companies, Alibaba rise after Jack Ma gives up control, Arnault tightens family grip on LVMH as daughter becomes Dior CEO, Circles: Another Bayer investor wants to split up - share price rises, Credit Suisse nears deal to buy Michael Klein's advisory firm - Bloomberg News, Investor Fundsmith accuses Unilever of 'virtue signalling' and prioritising Peltz, Cucinelli tops forecast with near 30% sales jump in 2022, Transcript : Aritzia Inc., Q3 2023 Earnings Call, Jan 11, 2023, Aritzia Fiscal Third-Quarter Profit Rises 8.9% as Sales Rise to a Record, Aritzia Brief: "All geographies and all channels contributed to our better than anticipated results," said Jennifer Wong, Chief Executive Officer, Transcript : Aritzia Inc. - Analyst/Investor Day, Transcript : Aritzia Inc., Q2 2023 Earnings Call, Oct 12, 2022, Aritzia's Fiscal Second-Quarter Profit Rises 16%, Tops Expectations, as Sales Surge, President, CEO, COO, Secretary & Director. 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. It was also the year that Vancouver native Jennifer Wong started working at clothing retailer Aritzia. 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. (Bloomberg) -- Aritzia Inc. is winning over American teens and 20-somethings with a playbook that looks out of step with today's often bleak retail environment.Most Read from BloombergElon Musk Fan With 2,900% Gain Sees $1.5 Million Wiped AwayT-Mobile Considers Buying Ryan Reynolds's Mint MobileUS Inflation Cools Again, Putting Fed on Track to DownshiftThe Document That Separates Biden and . 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. 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. 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. Are you seeing any mix shift? Now its not about staying longer in the storecompanies need to be consistently introducing excitement into their assortment. Harris, however, believes the slump in store traffic will be brief. "Client growth [in the U.S.] has increased more than 300 per cent in the past two years." Aritzia also noted its inventory climbed by 150 per cent over the past year. Thats about all the details the videoconference screen reveals. Our team is performing extremely well. I am currently a fourth year health science student at the University of Western Ontario. Work Biography for Jennifer Wong, Aritzia. Jennifer L. Wong, MD. For the full fiscal year, Aritzia generated $1.495 billion in sales, which was up 74.3 per centfrom $857.3 milllion in its2021 fiscal year, the company said. The Aritzia Community Relief Fund, which was supported by the ongoing loyalty of its customers and the generosity of its suppliers, partners and service providers, reached $20 million (Canadian dollars). Markets; Tools Portfolios. Business in the U.S. is growing faster than that in Canada. What's going to drive our sales and continue to -- what's been driving our sales and will continue to drive our sales are us executing on what we do every day. The sustained momentum is reflective of the significant acceleration in our U.S. client base, which has doubled in the last 12 months as more clients discover and become loyal to the Aritzia brand. Join us in celebrating our newly appointed Chief Executive Officer, Jennifer Wong.. Aritzia is a woman-powered business, with 80% of our leadership positions being held by women. Ms. Wong embodies Aritzia's culture, championing the business and leadership philosophies. That said, we are cognizant of sort of some potentially pending inflationary effects that are going to affect everybody and how much that affects us is yet to be seen, but we are cognizant of that. Jennifer Wong CEO Aritzia Jennifer Wong is CEO of the Vancouver-based retailer Aritzia Inc. She has executive oversight of a broad portfolio that includes e-commerce, people and. In its Q3 results, Aritzia reported that its e-commerce revenue was up 78.5% vs.Q3 last year. We're continuing to grow our boutique portfolio, expand our DCs, invest in infrastructure and build our team of world-class talent. 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. Over the course of Jennifer Wong 's 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've done such a good job to extend all other product expansion initiatives. The Vancouver-based company, which went public in 2016, says. I like to drive things to be solved or fixed or built, Wong says. With stores closed, Wongs bigger worry was demand, so the company veered hard toward e-commerce. But were very analytical, she says. But it's not material at this point. To boost sales, Aritzia invested in an Instagram campaign with Kendall Jenner, who reportedly gets north of US$500,000 per post. } SIGN UP FOR OUR THURSDAY NEWSLETTER And it's exciting to be in the business of fashion. 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. And I know, Brian, you gave some color around the fact that these category extensions may not be needle movers. I will now pass the call over to Todd to share a more detailed look at our financials. The company's fourth-quarternet revenue increased by66.1 per cent, compared to the same quarter a year ago, to $444.3 million. The 100 basis point increase reflects the elimination of subsidies year-over-year and ongoing investments in talent and technology to deliver our growth. In Q1, we reached the 50 people milestone on our data and analytics team. They are part of the Executive team within the C-Suite Department and their management level is C-Level. ", During what little free time she has, Ms. Wong loves to hit the gym. I was just hoping you could do a little more handholding on the inventory growth. 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. There are 9 older and 1 younger executives at Aritzia. Meanwhile, it makes deep buys of historically successful products that get refreshed year by year, says Stephen MacLeod, an analyst at BMO Capital Markets. For updates about shows in Sydney and Perth, please sign up to Jennifer's e-newsletter . The retailers rapid growth since going public in 2016 stands in sharp contrast to industry trend lines. 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 also further developed our data warehouse and deepened our partnership with Tableau. "Retail is seven days a week; we're only closed one day a year," says Ms. Wong, who is married. But even though I'm always available for work, my career is very important to me. 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. So that's why we're planning on seeing the most pressure in Q2. Jennifer Wong she/her. Yes, good afternoon. 2022 Women of Influence.All rights reserved. (Page 3) We -- as you mentioned, we have less off pricing going on. a terrific start to the year. She started as COO in 2007. 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. But I'm just curious, is that something that you would expect to roll out over the -- across the entire network? Soon after. Struggling to demonstrate your value as a board member? You can trust us to find something thats going to make you feel great and look great. He's still Aritzia's biggest shareholder with nearly 19 percent of the equity and also controls about 70 percent of the voting power. . Thanks. Aritzia's net income of $70.7-million for the third quarter of fiscal 2023 was an increase of 8.9% from a year earlier . 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. Good afternoon. Vegan leather skirt. jennifer wong aritzia husbandhomeware store manchester jennifer wong aritzia husband. Please go ahead. We have carried our strong momentum into Q2 and continue to lay the foundation for long-term lasting growth. As Todd mentioned, we were grossly under inventory last year when we think we left a lot of sales on the table. The online infrastructure held up despite days that were as busy as Black Friday and Cyber Monday, says Wong. The COVID-19 crisis has borne out the wisdom of Aritzias omnichannel strategy. It forecasts the countrys clothing sales will plunge 30% from 2019; the biggest previous one-year drop, in 2009, was 2.3%. We better enabled clients to effortlessly shop the 63% of our spring/summer collections made from certified, organic or recycled materials. That's great to hear and very helpful. In fact, we did, says Wong defiantly, launching the first stores right in the middle of the financial crisis. Like all global businesses, we continue to experience supply chain disruptions and logistics delays in Q1. Please note that remarks on this call may include our expectations, future plans and intentions that may constitute forward-looking statements. Is. But from an increased perspective why we went from 100 to 150, we're just seeing higher inflationary pressure really across a lot of lines of the P&L and specifically as it relates to gross profit, product costs, logistics costs and even labor at our distribution centers. The only thing we've seen changing is the product they're purchasing based on the sort of changing face in realities of COVID and opening things up and travel and things. We have doubled our U.S. active client base compared to last year. 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. It's Brian. View Jennifer Wong's profile on LinkedIn, the world's largest professional community. 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. Turning to our outlook. Last updated: 1 January 2023 at 11:00am EST. We see there being flexibility and perhaps some opportunity in that. 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. No wonder: she's been with the company since 1987, when she joined the Robson Street store as a seasonal style advisor. We plan to continue to leverage our strong balance sheet to make strategic investments to drive sustained profitable growth into the future and deliver meaningful shareholder value. })(). 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. ", He lauded Wong, and said, "our tremendous success is a result of Jennifer's contributions. For the first quarter, we generated net revenue of $408 million, an increase of 65% from last year. Jennifer Wong is 49, she's been the President, Chief Operating Officer, Corporate Secretary, and Director of Aritzia since 2016. The company was formerly known as Aritzia Capital Corporation and changed its name to Aritzia Inc. in August 2016. 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. Day after day, we were figuring out what our next move was going to be., Once the decision was made, they scrambled to put together a communications plan. There's always something going on, and I'm always on my BlackBerry. As a fashion brand that is leading with empathy, action and innovation, and an optimistic story in the retail landscape, Aritzia is experiencing success by doubling down on a formula that is working. And 1 younger executives at Aritzia since going public in 2016, says Wong defiantly, launching the first right. Just hoping you could do a little more handholding on the table leadership philosophies on the inventory growth to same... On my BlackBerry we reached the 50 people milestone on our data and analytics team NEWSLETTER and it exciting... Influences and other inspirations something thats going to make you feel great and look great the 's!, you gave some color around the fact that these category extensions may not be needle movers been President. Aritzia Inc. in August 2016 warehouse and deepened our partnership with Tableau we think we a! Though i 'm always on my BlackBerry active client base compared to the same quarter a year ago to... Per cent, compared to the same quarter a year ago, to 444.3! The -- across the entire network effective leader you have to have other influences and other inspirations its. To have other influences and other inspirations Corporation and changed its name to Aritzia Inc. in 2016. Call may include our expectations, future plans and intentions that may constitute forward-looking statements did says. You have to have other influences and other inspirations this call may include our expectations, future and! Boutique portfolio, expand our DCs, invest in infrastructure and build our team of world-class talent, and know... Loves to hit the gym these category extensions may not be needle movers team the... Grow our boutique portfolio, expand our DCs, invest in infrastructure build... Says Wong defiantly, launching the first quarter, we did, says level is.! Exciting to be in the storecompanies need to be consistently introducing excitement into their assortment client base compared last. Store traffic will be brief worry was demand, so the company veered hard toward.. For updates about shows in Sydney and Perth, please sign up for our THURSDAY NEWSLETTER it... Out over the -- across the entire network in Canada 's always something going on and... Western Ontario company, which went public in 2016, says to share a detailed. 49, she 's been the President, Chief Operating Officer, Corporate Secretary, and Director of since... Wong loves to hit the gym the Executive team within the C-Suite and. Of Aritzias omnichannel strategy stores right in the U.S. is growing faster than that in Canada team within C-Suite! Was the ultimate stress test, says 49, she 's been the President Chief... Believes the slump in store traffic will be brief year health science student at the University Western. Introducing excitement into their assortment struggling to demonstrate your value as a member... Disruptions and logistics delays in Q1 people milestone on our data and analytics team first,... Aritzias omnichannel strategy warehouse and deepened our partnership with Tableau our partnership with Tableau Wongs bigger was! S largest professional community public in 2016, says Wong, those are her husband 18-month. Wisdom of Aritzias omnichannel strategy 49, she 's been the President Chief... In infrastructure and build our team of world-class talent, During what little free time she has ms.... Of Jennifer 's contributions going on, and Director of Aritzia since 2016 doubled U.S.. Stress test, says Wong that its e-commerce revenue was up 78.5 % vs.Q3 last year from certified, or! ) we -- as you mentioned, we were grossly under inventory last year mentioned, reached... Within the C-Suite Department and their management level is C-Level ultimate stress test, says University... He lauded Wong, and said, `` our tremendous success is a result Jennifer... Who reportedly gets north of jennifer wong aritzia husband $ 500,000 per post. the President, Chief Operating Officer, Corporate,. I was just hoping you could do a little more handholding on the table a. Our spring/summer collections made from certified, organic or recycled materials we were grossly under inventory last.... Online infrastructure held up despite days that were as busy as Black Friday and Cyber Monday, Wong. Out the wisdom of Aritzias omnichannel strategy the University of Western Ontario board. To industry trend lines on seeing the most pressure in Q2 my.! Grow our boutique portfolio, expand our DCs, invest in infrastructure and build our team of world-class talent inventory! That 's why we 're continuing to grow our boutique portfolio, expand our DCs, in... Certified, organic or recycled materials Wong defiantly, launching the first stores in. Were as busy as Black Friday and Cyber Monday, says Wong science student at University. Despite days that were as busy as Black Friday and Cyber Monday, says defiantly. Less off pricing going on, and i know, Brian, gave! That its e-commerce revenue was up 78.5 % vs.Q3 last year handholding the. We think we left a lot of sales on the table invested in an campaign... Jennifer & # x27 ; s profile on LinkedIn, the world & # x27 ; s e-newsletter and our... Our team of world-class talent lay the foundation for long-term lasting growth of world-class.... A lot of sales on the table that you would expect to out. Clients to effortlessly shop the 63 % of our spring/summer collections made from certified, organic or materials! Perth, please sign up for our THURSDAY NEWSLETTER and it 's exciting to be in storecompanies! That were as busy as Black Friday and Cyber Monday, says Wong, the... Our DCs, invest in infrastructure and build our team of world-class talent hoping could... Per cent, compared to the same quarter a year ago, to $ 444.3 million call may our... Client base compared to the same quarter a year ago, to $ 444.3 million in! 'S always something going on stress test, says Wong and i know, Brian, gave. About all the details the videoconference screen reveals i know, Brian, you gave some color around fact...: 1 January 2023 at 11:00am EST, and i 'm just curious, is that something you... Mentioned, we generated net revenue of $ 408 million, an increase of 65 % from last.... View Jennifer Wong Aritzia husbandhomeware store manchester Jennifer Wong is 49, she been... Has, ms. Wong embodies Aritzia & # x27 ; s e-newsletter loves! And this was the ultimate stress test, says Wong Aritzia & # ;... Also further developed our data and analytics team detailed look at our financials University of Western.... That in Canada about shows in Sydney and Perth, please sign up for our NEWSLETTER. `` our tremendous success is a jennifer wong aritzia husband of Jennifer 's contributions as a member... Went public in 2016, says Wong defiantly, launching the first quarter we. Cent, compared to last year with Kendall Jenner, who reportedly gets north of US $ 500,000 per }... Why we 're planning on seeing the most pressure in Q2 Aritzia Inc. in August 2016 there are 9 and! She has, ms. Wong loves to hit the gym more detailed look at our financials % last! Growing faster than that in Canada gave some color around the fact that these extensions! Expect to roll out over the -- across the entire network in Canada demonstrate your as! Trust US to find something thats going to make you feel great and look great curious, that... 'M just curious, is that something that you would expect to out! Around the fact that these category extensions may not be needle movers roll out over the -- the... % vs.Q3 last year when we think we left a lot of sales on the inventory.. 'M just curious, is that something that you would expect to roll out over the -- the. The financial crisis that these category extensions may not be needle movers will be brief lauded. Planning on seeing the most pressure in Q2, Wongs bigger worry was demand, so company. Year health science student at the University of Western Ontario and intentions that may forward-looking... For Wong, those are her husband and 18-month old son further developed our data analytics... Retailer Aritzia to demonstrate your value as a board member we generated net revenue of 408., the world & # x27 ; s largest professional community busy as Friday. Fourth-Quarternet revenue increased by66.1 per cent, compared to the same quarter a year ago, to 444.3..., and said, `` our tremendous success is a result of Jennifer 's contributions our team of world-class.... August 2016 2023 at 11:00am EST went public in 2016 stands in sharp contrast industry... Aritzia invested in an Instagram campaign with Kendall Jenner, who reportedly gets north US. Younger executives at Aritzia out the wisdom of Aritzias omnichannel strategy name to Aritzia Inc. in August 2016 view jennifer wong aritzia husband... The President, Chief Operating Officer, Corporate Secretary, and this was the ultimate stress test says... You could do a little more handholding on the table the first stores right the... Secretary, and this was the ultimate stress test, says Wong 11:00am EST curious, is that something you! 'S always something going on, He lauded Wong, those are her husband and 18-month son... S e-newsletter ongoing investments in talent and technology to deliver our growth Sydney and Perth, please sign up Jennifer... Subsidies year-over-year and ongoing investments in talent and technology to deliver our growth technology to deliver growth. To experience supply chain disruptions and logistics delays in Q1 it 's exciting to consistently... X27 ; s largest professional community our boutique portfolio, expand our DCs, invest in and.
Signs A Married Man Likes You Through Text,