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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. Thanks. We need to go beyond that because we don't want to be in a position where we're buying at 70%, expecting increases of 70% and all of a sudden, we have some COVID shutdowns or there's some shipping delays and things like that. As Todd mentioned, we were grossly under inventory last year when we think we left a lot of sales on the table. From Vancouver to New York City, Jennifer Wong, COO of Aritzia, is styled for success. UDPATE 2: Jennifer Wong, president and COO of Aritizia has told BuzzFeed they are investigating the matter and will be conducting one-on-one meetings with the store's staff as well as. & Non-Independent Director of Aritzia, the total compensation of Ms Wong at Aritzia is CAD$1,096,831. 2022 Women of Influence.All rights reserved. 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). But management persevered because Wongs analysis showed it was the right long-term decision, strategically, she says. Propelling our business forward has not come without its challenges. Yes, good afternoon. Thats my game, and this was the ultimate stress test, says Wong. We apologise, but the video didn't load.Pay can see other videos from its team by tapping here. I think the biggest difference is the timing this year. So if you could just talk a little bit about some of the attributes that you think should help Aritzia weather this rocky period? So obviously, sometimes real estate and the opportunities don't necessarily present the opportunity for a bigger store. It was also the year that Vancouver native Jennifer Wong started working at clothing retailer Aritzia. The growth of my career at Aritzia has matched my own personal career aspirations, says Wong, who upon graduating college in 1991 was offered a position managing the companys shoe division. As Pippa Morgan, executive vice-president of the retail division, puts it: It took 36 years to open 100 stores and 36 hours to close them., In the preceding weeks, Wong and the pandemic task force had spent long days running through scenarios based on infection trajectories, various degrees and durations of closures, and triangulated them with anecdotal reports from staff in different cities. Designed for executives who want to optimize their leadership potential and continue to establish their legacy. There are 1 executives at Aritzia getting paid more, with JedPaulson having the highest compensation of $2,449,610. I mean, our eCommerce channel, where we're doing more business in eCommerce now than we were at Aritzia when we went public five years ago. From there she was promoted to vice-president of support operations, and in January 2007, to chief operating officer. While Aritzia is no stranger to designing its own signature brands, it created a limited-edition capsule collection to celebrate an equation at the heart of it all Women to the Power of Women which dropped ahead of International Womens Day, this past March. Designed for enterprising woman who want to get ahead of their career goals by taking a proactive approach. Wong even uses a Canadian-themed metaphor to describe their choice in real estate, calling the stores SoHo location centre ice in the fashion world. The boutique boasts rustic wood panels and vintage chandeliers giving it a cabin-chic feeling, while the extremely helpful retail staff oozes with a friendliness thats purely Canadianbecause many of them are. <br><br>My career goal is to help influential businesses measure their impact & reach the triple bottom line . It's a journey through our experience, it's not just something one-dimensional experience for them. He's talking. Search. We continue to grow our team with world-class talent. Other celebrity sightings led to stock sellouts, which further fuelled the buzz. (Spoiler alert: Wong will be responsible for launching an e-commerce site later this year.). And just as a follow-up, I assume that, that impact from expedited freight would be incremental to last year. Over time, the collection grew to more than a dozen brands, some featured in standalone boutiques. So, whatever the customer wants, we will give her.. 06-18-2022. 31 posts. To boost sales, Aritzia invested in an Instagram campaign with Kendall Jenner, who reportedly gets north of US$500,000 per post. ", There's no denying the job is demanding. So we look at our channels, and we look at our -- both our -- all our channels, whether that be our Concierge and everything else as well. I think we're having some technical difficulties here. Aritzias digital concierge platform helps staff serve as personal stylists, giving them access to records of customers' preferences and enabling marketing personalization. Get Contact Info for All Departments. 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. I run the fashion; she runs the business., During the fateful ides of March, that business faced a catastrophe. But it was the decision to vertically integrate in the 1990s that, she says, led to the brands high retention rate. Overall, adjusted EBITDA in the first quarter was $70 million, an increase of 70% from last year. And later this month, we will be publishing our second ESG report and first United Nations Global Compact Communication on progress. This article was published more than 2 years ago. Finally, our eCommerce net revenue was $120 million, an increase of 16%. Aritzia Inc., together with its subsidiaries, designs and sells apparels and accessories for women in North America. Jennifer Wong works as a Purchasing Junior Buyer at Aritzia, which is an Apparel & Accessories Retail company with an estimated 6,569 employees; and founded in 1984. Aritzia executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. 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. Wong has been president and COO at Aritzia since 2015. Having spent her entire career at the retailer, she led many of the inconspicuous but essential initiatives that proved so crucial at the start the crisis, from establishing a robust technological infrastructure that enabled the companys e-commerce platform to respond to the sudden demand spike, to developing a centralized distribution system that helped the retailer manage its supply chain while others struggled. A wall of windows overlooks the Port of Vancouver. Please go ahead. There are 2 executives at Aritzia getting paid more, with Jed Paulson having the highest compensation of $2,449,610. In Q1, we advanced our channel reporting as well. So we're looking at expanding these. Picture by Aritzia Article content material. Work Biography for Jennifer Wong, Aritzia. As a followup to this capsule collection, Aritzia released a limited-edition collection, Cause Mom, in time for Mothers Day. Designed to help you build your network, because you never know where that next connection takes you. Were super thrilled about it, says Wong of their new flagship boutique. Jennifer Wong is the Pres, COO, Corp. Sec. 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. That said, we saw key programs and proven sellers continue to resonate with clients and drive our strong demand. We've seen that register quite a bit now and come roaring back for us. 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. And Petrie warns an overreliance on influencers could put Aritzias image at risk. Please disable your ad-blocker and refresh. This decision resulted in significantly higher freight costs, but we intentionally prioritized our accelerated momentum. Aritzia. Aritzia has long been a closet staple for the fashion-conscious, attracting everyone from 14-year-old girls after its signature TNA leggings, to the stylish over 60s. Brian was answering the question, but I don't know if we can hear him. 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. A Vancouver native, she had planned to pursue finance upon graduating, but Aritzias CEO, Brian Hill, had other ideas. 784 following. SIGN UP FOR OUR THURSDAY NEWSLETTER I love what we're doing personally. The strong momentum in our business has continued into the second quarter. As Jennifer mentioned, we're going to be looking into the U.S. We're going to be looking into eCommerce. So we're seeing it as an opportunity. Wallmine is a radically better financial terminal. 1,039 followers. Good afternoon. Sent me right away for EKG , . As such, we finished the quarter with more clients than ever before. It 38 years at the helm of the clothing chain, the founder of Aritzia steps down as CEO. Follow. Wanda Costen is leading change in business education. 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. I think it's great. Good afternoon, everyone. 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 like we've said, there's no indicators right now -- for right now that we're seeing any change in that. The following day, Aritzia boutiques went dark. The Wilfred Cocoon Coat Long is a long wool-cashmere coat. 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? 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. 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. & Non-Independent Director at Aritzia. involvement of Jennifer Wong. You may opt-out by. But we just have not seen an erosion of our sales per square foot as we've increased the size of our stores. We're just getting started. In terms of pricing and what we're seeing out there with inflation, we're getting this question a lot. Learn about their Apparel & Accessories Retail, Retail market share, competitors, and Aritzia's email format. Aritzia Inc. was founded in 1984 and is headquartered in Vancouver, Canada.. } In this campaign, we shined a light on the stories of LGBTQ revolutionary. She became COO in 2007. And the product doesn't necessarily need to go to all -- through all channels. As consumer tastes shift and lifestyles change, a multibrand strategy mitigates the risk, says Hill. Right, she says, punctuating each word. The new expectations represent growth of 25% to 27% for the full year. Our sites are always set on the future. She served as an executive sponsor to several successful strategic initiatives, most notably, the launch of our eCommerce business (2012), implementation of our enterprise resource planning system (2008), relocation of our distribution centre (2008) and our . 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