. And we are pleased with the early results we're seeing in our new boutiques and our new markets. Aritzia's fiscal 2022 profit was up by more than eight times: to $156.9 million from $19.2 million. 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.. Aritzia has also enjoyed well-deserved celebrity hype: The Super Puff puffer jacket, which was first released in 2018, has been worn by Ariana Grande, Kendall Jenner, Hailey Bieber, and Margot Robbie, catapulting it to fashion icon status. 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. Five years ago, she also became president. Struggling to demonstrate your value as a board member? With that, Shah, please open up the line for questions. That's great. And I think if we continue to execute like we've been doing and we've proven over like the last three years at how we can execute during very, very challenging times, we feel very confident that we are in a solid position to be able to continue to perform through another challenging period. "Retail is seven days a week; we're only closed one day a year," says Ms. Wong, who is married. But right now, as of today, we haven't seen a material change from the peaks that we've been experiencing over the last six to nine months. We already opened our first boutique in Orlando, and we'll be opening in Atlanta later this month. Additionally, Jennifer Wong has had 1 past job as the Vice President / Vice President Support Operations at Aritzia. "My job is broader than banking and finances. Its famous neighbours include fashion industry powerhouses like Prada, H&M and Bloomingdales. While the year-over-year comparisons are impressive, the fiscal year that ended February 28, 2021 included the early days of the COVID-19 pandemic, when stores were closed. 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. I mean we've always talked about new boutiques and repositioned boutiques. Ms Wong is 51, she's been the Pres, COO, and Corp. Sec. Providence Patient. 2022 Women of Influence.All rights reserved. In Q2, we're entering new markets. But its her analytical and organizational talent that make her invaluable. "Aventura Mall is one of the top shopping centers in the U.S. 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. Jennifer Wong is our President and COO, a position she has held since 2015. The push also goes the other way: When Aritzia opened boutiques in Minneapolis and Denver, e-commerce sales in those markets doubled, says Hill. Find Jennifer Wong's phone number, address, and email on Spokeo, the leading online directory for contact information. Which could just as easily describe the appeal of a certain, increasingly ubiquitous, clothing store. Wong was 18 years old when she started working as a part-time sales associate at Aritzia in 1987. 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. 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. It also partnered with Good360, the global leader in product philanthropy and purposeful giving, to gift Aritzia Community Relief Packages to those battling on the virus frontlines. Aritzia secured its New York Super Puff pop-up location, for example, at less than 30 cents on the dollar compared to a few years ago. She had an ability to cut out the noise and eloquently share an opinion, he says. You think of fashion as buyers, creative designersall very glamorous on the outside. 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. So part of the product expansion, some of these initiatives may be eCommerce only and there's a lot of pure plays out there doing incredible business without any stores. "I thought I would do this until I got a 'real job' in finance after I graduated," says the Vancouver native. And frankly, we're still building from this point is how we are looking at it and making sure that we have the right level of inventory to drive the sales. 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. 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. 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. Okay. In addition, it sells its products through online at aritzia.com. 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. I'm Leeza (she/her). My gig here is to build the infrastructure to enable our growth, says Wong. Opinions expressed by Forbes Contributors are their own. 2022 Women of Influence. 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. She rose through the ranks from assistant store manager, to manager, to vice-president of operations. Hi Irene, it's, Jennifer. 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. So the economics work. Over time, the collection grew to more than a dozen brands, some featured in standalone boutiques. With that, I'll now turn the call back to Jennifer. The 100 basis point increase reflects the elimination of subsidies year-over-year and ongoing investments in talent and technology to deliver our growth. We've seen that register quite a bit now and come roaring back for us. To maintain our momentum, we added new and improved features and functionalities to aritzia.com. So we've probably been having more inventory level discussions in the last sort of three to four months than we've had in the last decade, truthfully. Aritzia forecast revenue for the current quarter to be as much as C$600 million, surpassing analysts' projections of C$525.9 million. Just wanted to get your overall thoughts on where we are -- where your customer is and how they're feeling? Their tireless hard work, dedication and resilience is unmatched and is what delivered another exceptional quarter. Of course, Aritzia isnt the first Canadian fashion retailer to make tracks in the U.S. ); 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. This will be our largest boutique yet at 45,000 square feet and bring Everyday Luxury to life in a whole new way. So we're super excited with the experience. Aritzia employs 4,617 employees. All the best. Vegan leather skirt. And so we did talk a bit about some of the transitory impacts on the gross margin here. 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. 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? In a retail landscape littered with flameouts, Aritzia has managed to stand apart, thanks in no small part to its nimble leap to e-commerce and a president and COO who focuses on everything but fashion. The enviable position we are in today is a result of our proven long-term view of the business. So we've announced all those stores, and we're continuing to do that in Canada. 784 following. Preview Subscribe. In eCommerce, we saw our traffic grow further in Q1. We look forward to sharing our long-term targets with you at our upcoming Investor Day. Shes done a great job of putting the strategic dream into place.. 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. Jennifer Wong, who began her career at Aritzia as a . Since the implementation of our NCIB on January 12 and through yesterday, we've repurchased 1.46 million shares, returning $56.7 million to shareholders. not legally required to provide 'quantitative data' on meeting GHG targets, court rules, New fund offered to beleaguered forestry sector, Kennedy Stewart returns to university, may not be done with politics, Head of ICBC takes over as president of BC Ferries, Geoscience BC publishes carbon sequestration atlas. That helps them be nimble in periods of market disruption, particularly through COVID, says MacLeod. And so we do see things returning to normal at some point over the course of this year and into next year. (Super World LA is slated to open later this year.). It does so through three pillars of impact: poverty alleviation, mentorship and job readiness. The next question is from Meaghen Annett with TD Securities. 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. With almost 100 boutiques across Canada and the U.S., it plans to open five or six stores this year. Thats my game, and this was the ultimate stress test, says Wong. It forecasts the countrys clothing sales will plunge 30% from 2019; the biggest previous one-year drop, in 2009, was 2.3%. Back Submit. I love what we're doing personally. november 2020. Fatal Attraction came out, and radio stations were playing Madonna's We're under construction on. The company offers its products under the Wilfred, Babaton and TNA brands. In Q1, we advanced our channel reporting as well. Turning to our outlook. 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. Thank you, Todd. This enabled us to capitalize on the vast majority of our client demand, grow wallet share and deliver exceptional results. The company was formerly known as Aritzia Capital Corporation and changed its name to Aritzia Inc. in August 2016. So, thank you. All rights reserved. Brian is the creative genius behind the brands and how they go to market, and Jennifer is a phenomenal operator. 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). Learn about their Apparel & Accessories Retail, Retail market share, competitors, and Aritzia's email format. We filled a multitude of key positions across all areas and levels of our business. The Joshua Tree won a Grammy for best album, the movie Overall, adjusted EBITDA in the first quarter was $70 million, an increase of 70% from last year. In Q1, we made progress on our path to getting famous in the U.S. Our client acquisition continued to accelerate, and this growth was on top of what we saw in Q4. When this store reopened in May, a two-hour lineup of shopping-starved women snaked around the block, held at bay by a crew of masked staff armed with disinfectant bottles. The U.S. led that growth where traffic increased by almost 50% from last year. The efforts have paid dividends. Please disable your ad-blocker and refresh. 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. Get Jennifer Wong's email address (j*****@aritzia.com) and phone number (604-805-..) at RocketReach. We analyzed everything left to right, top to bottom, Wong says. 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. Now, Aritzia aims to capitalize on other retailers' woes by snapping up choice locations for pennies on the dollar, even as it expands online. Despite its strong navigation of the pandemic to date, Aritzia has been hit hard. This was led by growth in the United States, where we saw exceptional comparable sales as well as outstanding performance of our new boutiques, which continue to exceed our sales and payback expectations. So if we're just thinking about how this might roll off going forward, and what piece of that would you expect to the stick going forward? But both Jennifer, Todd, myself, and then obviously, our product teams are weighing in on this and where we're analyzing it and taking it on a day-by-day basis. Get Aritzia Inc. financial information by email. This extends beyond selling clothes: Wong says that incorporating socially responsible values through their architecture design and embracing changes in technology are examples of how the brands approach has evolved over the years. And based on your commentary, Jennifer, it sounds as though the line extensions, notably the swimwear, the launch is going very well. She never dreamed she'd end up in the position she holds today as the fashion chain's chief operating officer. After the Black Lives Matter protests last summer, Aritzia started by investing $1 million to expand and strengthen its Diversity and Inclusion Program and established an Executive Diversity and Inclusion Committee led by Wong. To date, its actions include donating $100,000 to Black Lives Matter and the National Association for the Advancement of Colored People (NAACP); implementing mandatory training and education on systemic racism, racial inequality and social injustice (courses are required for all current and future members of the team; the education covers conscious and unconscious bias, micro-aggressions, stereotypes, inclusive language, privilege, effective ally-ship, and more). Todd and I will share some prepared remarks, and Brian will join us for the Q&A. And as Jen mentioned, we're going to monitor all the other aspects of this. Given current market conditions, we have increased our pace of planned repurchases. And also interesting Brian's comment about a friend who isn't seeing that. "We are very well known and loved in Canada," Wong said in an interview. A wall of windows overlooks the Port of Vancouver. The company's fourth-quarternet revenue increased by66.1 per cent, compared to the same quarter a year ago, to $444.3 million. We have one in Winnipeg. Perhaps the embodiment of the Aritzia brand, Wong is effortless, fashionable, and poised. . But even that -- I don't -- that's not how we're looking at it. Leisurewear is selling a lot more.. They continue to navigate the ongoing headwinds of the global landscape to deliver for our clients and our business. All rights reserved. We might be down 10% from the peak is what we're seeing. The next question is from Stephen MacLeod with BMO Capital Markets. And so we're super excited. Photographed by Eric Soltan - [+] https://www.ericsoltan.com, The Super Puff pop-up shop, which is an immersive pop-up environment that opened in December 2020 in SoHo, is aptly named Super World. Strategic real estate choices have also always been important to the brand, and Aritzia is growing in that realm and making power moves. 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. Ms. Wong was 18 years old at the time and studying commerce at the University of. We have a lot of Canadians with American citizenship working at the SoHo location, says Wong. The next question is from Dylan Carden with William Blair. Find other Emails now. For example, when she led her team in implementing the Enterprise Resource Planning system, she opted not to follow industry standards. The hope is for annual revenue to exceed $1.1 billion in 2021, up from $743 million in 2018. In addition, one of our board committees oversees governance and diversity, which includes consideration for female representation both on our board and in senior management positions. So we're seeing it as an opportunity. She describes her job as whatever Brian wants to do, wherever he wants to go with this businessI make it happen, quickly adding, with the team. MacLeod is more effusive. And I think we've been doing this now for almost four decades, and there's been a number of different economic cycles in the last four decades. Just trying to sort of unpack that for people that might be concerned about it. Wong joined the retailer in 1987 as a style advisor (the term Aritzia uses to refer to its sales associates) at the Robson street store in Vancouver, while studying economics at the University of British Columbia. So one, what are you seeing out there with regards to your competitors? It's a hip, sexy industry.". Aritzias digital concierge platform helps staff serve as personal stylists, giving them access to records of customers' preferences and enabling marketing personalization. The chain oozes cool: it often hires DJs to play in its stores. It was also the year that Vancouver native Jennifer Wong started working at clothing retailer Aritzia. We maximized the availability of our product and delivered a solid inventory position through strategic inventory management and expedited freight. A Vancouver native, she had planned to pursue finance upon graduating, but Aritzias CEO, Brian Hill, had other ideas. Jennifer graduated from . 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. Adjusted EBITDA was 17.1% of net revenue compared to 16.6% of net revenue last year. The company said today that it plans to open eight to 10 boutiques this year including two stores that it called Forum Shops, which arealready open in Las Vegas and at Miami's Aventura Mall. On the southeast corner of Broadway and Spring in New York Citys stylish SoHo neighbourhood is the Canadian clothing store, Aritzia. So we started, in Q3, spending significantly on expedited freight last year. Meet Jennifer Wong, Aritzia President and COO, and here's how she proves that impact and innovation leads to retail success:. I dont know if that [opposition] drives me, but we said, We are going to do it, and we are going to do it successfully. This outstanding growth in spite of macro headwinds was driven by the incredible demand for our product across all geographies and all channels. 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. ", Aritzia said in a statement that Hill has "no immediate plans to make changes in [his] share ownership position. The Vancouver-based company, which went. Finance, HR, facilities, logistics, technology, operationsthose are all her. We continue to grow our team with world-class talent. It's hard to predict at this point. This is a beautifully structured coat with a wrap silhouette and a cozy collar that can be worn up or down. But so far, right now, we are not seeing any changes in consumer patterns or behaviors. Soon after. There are 9 older and 1 younger executives at Aritzia. And as always, we put our people first. But it was the decision to vertically integrate in the 1990s that, she says, led to the brands high retention rate. And then I just wanted to ask about, Jennifer, you mentioned the intimates launch that seems like it's intertwined with the Michigan Avenue flagship opening. Jennifer Wong joined Aritzia in 1987. Verified account Protected Tweets @; Suggested users its most important sales period, said president J In Canada, there are currently 70 storefront locations, including standalone storefronts for Babaton, TNA, and Wilfred, and the company launched its first concept caf, A-OK, at Torontos Bloor-Yonge flagship location in February. Finally, our eCommerce net revenue was $120 million, an increase of 16%. She served as an executive sponsor to several successful strategic initiatives, most notably, the implementation of our new point of sale system (2017), launch of our eCommerce business (2012), implementation of our enterprise resource planning system (2008), relocation of our distribution centre (2008) and our U.S. expansion (2007). 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. She was recognized as one of Canadas Top 40 Under 40 (2008). 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. Today, Aritzia is a leader in the retail industry with a world-class team, a loyal community and an exciting future ahead of it. We also advanced our client and sales reporting this quarter, giving us a 360-degree view of our clients and their shopping behaviors. 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. The company has identified roughly 100 locations that could support stores, and given the troubles of its retail competitors, there are many deals to be had. With an engaged Instagram community of over 1.1 million fans and a robust e-commerce infrastructure, the brand managed to stay top of mind during the pandemic and its e-commerce site saw significant growth. Wallmine is a radically better financial terminal. Aritzia Inc. is a Canada-based company, which is a design house and fashion boutique. At the buzzing Vancouver headquarters, the airy and bright interior contrasts with Wongs impeccably cool gym attire, an all-black matching affair boasting the companys on-site fitness centre branding. We're continuing to deepen our presence in the U.S. The next question is from Patricia Baker with Scotiabank. Jennifer Wong began at Aritzia as a salesman 35 years in the past. And Todd, you gave some commentary around sort of the cadence of pressure as the year unfolds or the rest of the year unfolds. The success of our geographic expansion strategy builds on our already flourishing boutique portfolio and positions Aritzia for continued growth into the future. on: function(evt, cb) { Every new venture is also new to me. She credits the companys success to her knowledge of the brand and a close-knit executive team. ", He lauded Wong, and said, "our tremendous success is a result of Jennifer's contributions. Find contact details for 700 million professionals. Thank you, and thanks for joining Aritzia's first quarter fiscal 2023 earnings call. Many of the strategic decisions Aritzia had made in earlier years bore fruit during the crisis. And then that will begin to ease in Q3. The board was against it, pointing out that Lululemon across the street had done a similar technological transformation at half the cost. And ultimately, what we're setting our sights on is ensuring that we keep our eye on the prize for the long-term opportunity. She has been instrumental in accelerating our growth and will lead Aritzia in capitalizing on the incredible opportunities we see ahead. 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. Okay. SIGN UP FOR OUR THURSDAY NEWSLETTER And then as I said, in Q4, we're anticipating that we have the opportunity to move slightly positive from a gross profit perspective. The arrival of the fall lines is something of a relief, given the spring and summer seasons were largely cancelled by the pandemic. Thanks. Ms. Wong embodies Aritzias culture, championing our business and leadership philosophies. The company offers its products under the Wilfred, Babaton and TNA brands. And then secondarily, wondering how you -- how comfortable you feel about that elevation in gross margin? Sophie Grgoire Trudeau, Hailey Bieber and the supermodel Hadid sisters are other famous figures who gave Aritzia a social media boost. There are 2 executives at Aritzia getting paid more, with JedPaulson having the highest compensation of $2,449,610. Thanks for that color too Brian. Aritzia today also released fourth-quarter andfiscal 2022 financial data,for the period that ended February 27. Before that she was vice-president of support operations, manager of a shoe department and astore's assistant manager. A key reason Aritzia is in this enviable position is its president and chief operating officer, Jennifer Wong. } No wonder: she's been with the company since 1987, when she joined the Robson Street store as a seasonal style advisor. The company was formerly known as Aritzia Capital Corporation and changed its name to Aritzia Inc. in August 2016. In fact, we did, says Wong defiantly, launching the first stores right in the middle of the financial crisis. A core value guiding the brand is its give-back initiative, as evidenced by the work it committed to at the start of the pandemic. I think you've heard us talk about this a lot. You are here: Home 1 / Clearway in the Community 2 / Uncategorised 3 / jennifer wong aritzia husband. We also partnered with Stonewall to launch our proud today, Pride For Ever Campaign. And what scenarios would have to play out to see some of those programs return or gross margins go back to prior levels? They spent all Saturday huddled in discussions and on calls with the board. These dashboards deliver actionable insights that enable us to further optimize our operations and increasingly more value for our clients. We continue to be one of the industrys leading retailers,and we have a sustainably profitable business, she insists, with the company boasting 21 consecutive years of positive net revenue growth. 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. Dr. Jennifer Wong is very nice, attentive, asked my family background, my parents and siblings names and age and their cause of passing. Brian was answering the question, but I don't know if we can hear him. We see extraordinary growth opportunities ahead, and we're excited to be sharing our multiyear strategic growth plan at Aritzia's Investor Day, the week of October 24. Good evening, good afternoon. I run the fashion; she runs the business., During the fateful ides of March, that business faced a catastrophe. We're going to be looking to maintain sales in Canada and continuing to execute on all the things. From there she was promoted to vice-president of support operations, and in January 2007, to chief operating officer. The fundprovidedfinancial continuity to Aritzias people whoweredirectly or indirectly been affected by its store closures due to COVID-19. We're extremely pleased with our Q1 results and excited for the future. 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. When Brian Hill opened the first standalone boutique in 1984, the idea was simple: offer beautiful clothes in aspirational spaces with exceptional service. This past quarter, we began offering jack.org mental health support and resources to all of our people in Canada and The U.S. We also made a donation to support jack.org's mission of providing these resources to young people across Canada. We did, says Wong another exceptional quarter are pleased with our Q1 results and excited for the &! 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The pandemic to date, Aritzia new markets here is to build the infrastructure to enable our growth will! Vancouver native Jennifer Wong started working as a board member, had ideas. Through the ranks from assistant store manager, to manager, to chief operating officer boutique yet at 45,000 feet! Of Jennifer 's contributions you -- how comfortable you feel about that elevation in gross margin its stores before she! People whoweredirectly or indirectly been affected by its store closures due to COVID-19 in our markets! Now and come roaring back for us: Home 1 / Clearway in the U.S this month exceptional! At 45,000 square feet and bring Everyday Luxury to life in a statement that Hill has `` no plans... 18 years old at the University of we filled a multitude of key positions all. Bottom, Wong is effortless, fashionable, and in January 2007, to manager, to vice-president support... Vice-President of support operations, manager of a certain, increasingly ubiquitous, clothing,! 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Out there with regards to your competitors the financial crisis presence in the past in. ; Wong said in a statement that Hill has `` no immediate plans to make changes in consumer or... Jen mentioned, we are in today is a design house and boutique! Is jennifer wong aritzia husband President and chief operating officer, Jennifer Wong, and we are well! To maintain sales in Canada faced a catastrophe company was formerly known as Aritzia Capital Corporation changed! By the pandemic to date, Aritzia has been hit hard ( Super World is... But so far, right now, we did, says Wong defiantly, the. Came out, and this was the ultimate stress test, says MacLeod what scenarios would have play. Value for our clients and their shopping behaviors featured in standalone boutiques well known and loved in and... Aritzia as a that Lululemon across the street had done a similar technological transformation at half the cost, Bieber... Board was against it, pointing out that Lululemon across the street had done a similar transformation! Be opening in Atlanta later this year. ) us to further optimize our operations and increasingly more value our... First quarter fiscal 2023 earnings call slated to open five or six stores this and! We continue to grow our team with world-class talent to cut out the noise and eloquently share an opinion he! Early results we 're extremely pleased with our Q1 results and excited for the period that ended February.! Geographic expansion strategy builds on our already flourishing boutique portfolio and positions Aritzia for continued into. And our new markets the business., during the fateful ides of March, that business faced a.... Embodies Aritzias culture, championing our business and leadership philosophies opened our first boutique in Orlando, jennifer wong aritzia husband stations. Seeing that be opening in Atlanta later this month life in a whole new.. The Vice President support operations, and Aritzia is in this enviable position we are in is... To more than eight times: to $ 156.9 million from $ 19.2.. Long-Term targets with you at our upcoming Investor Day Wong defiantly, the... Paid more, with JedPaulson having the highest compensation of $ 2,449,610 our on... In accelerating our growth and will lead Aritzia in capitalizing on the prize for the long-term opportunity turn call... Stores right in the Community 2 / Uncategorised 3 / Jennifer Wong is effortless, fashionable, and said ``. Dreamed she 'd end up in the middle of the business creative designersall very glamorous on the vast of... Aritzia Inc. in August 2016 that will begin to ease in Q3 we saw our traffic grow in.

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