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Vancouver-based Aritzia closing all stores over COVID-19 concerns In response to the evolving COVID-19 pandemic, Aritzia will be closing all of its retail locations until further notice as of Monday, March 16th, 2020. View original content to download multimedia:http://www.prnewswire.com/news-releases/aritzia-provides-business-update-on-covid-19-301024597.html, Aritzia Provides Business Update on COVID-19, http://www.prnewswire.com/news-releases/aritzia-provides-business-update-on-covid-19-301024597.html. Aritzia is also in a good position thanks to e-commerce growth to expand its product lines by offering different sizes, lengths and colours; as well as new categories, such as swim, intimates, bags, shoes and beauty, he said.
FAQs - Women's Fashion Boutique | Aritzia CA Where impact and internal change are concerned, its an ever-evolving process. Youre in good (clean) hands.As we welcome you back through our doors, you can enjoy Everyday Luxury at ease, knowing that weve taken industry-leading health and safety precautions. 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. From the beginning of this global pandemic, weve prioritized the health and safety of our people, our partners and our community. This represents a collaboration withCause We Care, a Vancouver-based foundation supporting single moms and children living in poverty in Greater Vancouver, including the Downtown Eastside, one of Canadas most underprivileged communities. The return-to-work policy, including masking and antigen testing, for employees and students with COVID-19 remains unchanged. It does so through three pillars of impact: poverty alleviation, mentorship and job readiness. No one has been laid off or furloughed at Aritzia to date, due to COVID-19. Each Community Sponsor Package consists of two of Aritzias most-loved Tour t-shirts and two pairs of iconic Aritzia Atmosphere leggings all featuring the custom heart-inspired Aritzia Community logo. Join the Aritzia Research Community for a chance to provide valued feedback and receive an Aritzia gift card in return. As Aritzia plans for the future, its new frontiers include opening more storefronts (now that, post-COVID, premier locations now have more compelling financial terms than ever), expanding into new categories (swim and intimates, among others), and procuring new talent. Aritzia's staff and its families through COVID-19, EveryStylishGirl's Career Advancement Directory. Reopened stores have exceeded the companys expectations so far, said Hill, noting the company is viewing the second quarter with cautious optimism as we prepare for a period of recovery., During the first five weeks of the quarter, reopened stores have performed at 55 per cent to 65 per cent of last years revenue levels, he said, calling that well above our initial expectations., We dont know what the new normal will hold until sometime next year.. Retail sales exceeded expectations in the U.S. Once signed into your account, access your. 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. As POPSUGAR editors, we independently select and write about stuff we love and think you'll like too. New launches for Aritzia this year include swim, Aritzia fans, which include A-list celebrities. Interested? Effective immediately, the Company will also shift all Support Office employees to flexible working arrangements. cozy fleece perfect hi-rise 3" sweatshort. If you return items purchased on aritzia.com via Afterpay in store, we'll refund your credit card, exchange or issue you merchandise credit, in accordance with our Online Purchase Return & Exchange Policy. As soon as your return is complete, we'll e-mail you and let you know. All sale and discounted items bought in store are final sale. Jennifer Wong, President and COO of Aritzia, Photo Credit: Evaan - https://evaan.com. Be sure to have your package postmarked and sent off within 30 days of your Shipping Confirmation & E-Receipt email. Well do our best to help. All Rights Reserved. Don't worry, you can unsubscribe from our mailing list at any time. Retail revenue jumped 72% to $305.3 million, up almost 45% from 2020, tracking comparable sales growth of 58% and 26% from the third-quarter last year. Hey! In response to the evolving COVID-19 pandemic, Aritzia will be closing all of its retail locations until further notice as of Monday, March 16th, 2020. 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. Are your stores open? Anyone can read Conversations, but to contribute, you should be a registered Torstar account holder. Often but not always, forward-looking statements can be identified by the use of forward-looking terminology such as "may", "will", "expect", "believe", "estimate", "plan", "could", "should", "would", "outlook", "forecast", "anticipate", "foresee", "continue" or the negative of these terms or variations of them or similar terminology. "Our clients have faced a lot of change this year as a result of COVID-19 and the comfort and consistency of beautifully made clothes is an Aritzia constant they can count on.". In our few workspaces that do remain open, we are taking industry-leading precautions to keep our teams healthy and safe.
Telehealth policy changes after the COVID-19 public health emergency real change starts from within," says Jennifer Wong, President and Chief Operating Officer of Aritzia. "Our goal is to do our part for the global well-being. Aritzia marketing calls and texts may use an automatic telephone dialing system. Certain statements made in this press release may constitute forward-looking information under applicable securities laws, including with respect to the announced closure of Aritzia retail locations as a result of the evolving the COVID-19 pandemic and Aritzia's commitment to directing profits during this period to the Aritzia Community Relief Fund as described above. Aritzia's largest size offering is an 12, or, sometimes a 2XL and, right now, Aritzia only has 10 items stocked in the Women's 2XL size, none of which show plus-sized models in the product shots. To our frontline COVID-19 healthcare heroes, thank you for your fearless service. At this time, Aritzia is not working with organizations like the the Black In Fashion Council or EveryStylishGirl's Career Advancement Directory, but they are working with external D&I experts, as well as making a contribution to the NAACP and Black Lives Matter. The chief executive of popular Canadian clothing chain Aritzia Inc. said the retailer has experienced few supply chain disruptions despite most of its materials coming from the world's most virus-ravaged countries. Sorry, no refunds to original form of payment for sale or discounted items. A copy of the AIF and the Company's other publicly filed documents can be accessed under the Company's profile on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com. When Brian Hill opened the first standalone boutique in 1984, the idea was simple: offer beautiful clothes in aspirational spaces with exceptional service. Aritzia aims to delight its clients through an aspirational shopping experience and exceptional client service that extends across its more than 95 boutiques and eCommerce business, aritzia.com. Covid-infected workers forced to isolate at home without sick leave will again be able to claim up to $750 in pandemic pay from this week. Aritzia is a vertically integrated, innovative design house of fashion brands. But as long as we continue to do what we think is best and continue to do what we see as right, that will guide us and lead us towards positive outcomes whether it's within our company or whether it has a bigger impact on our community., This is a BETA experience. Services Minister Bill Shorten has urged anyone who has run out of sick leave to apply - not just casual workers who aren't typically entitled to sick leave. Aritzia's Community Care Program is an initiative to donate a total of $20 million worth of clothing to frontline healthcare workers. All emails will be sent by United States of Aritzia Inc. | 611 Alexander Street | Vancouver, BC | V6A 1E1 | Aritzia.com For purchases made in store, you can return or exchange your purchases in store only. Despite the challenges, our beautiful product assortment, best-in-class distribution centre, aspirational website, and response from our loyal clientele led to e-commerce growth in excess of 150% through the end of May 2020.. Right now, size 18 is no longer in stock for any Babaton items on its site the smallest listed for this line are a 12 and a 2X. Closed Captioning and Described Video is available for many CBC shows offered on CBC Gem. Frontline healthcare workers sanitization standards pre- and post-shift require a washable, easy-wear wardrobe to be worn to and from work to prevent the virus spread. Star Newspapers Limited and/or its licensors. Your Aritzia. As we head into the heart of the holiday season, we continue to take our Aritzia Community industry-leading health precautions. Aritzia Community Sponsor Package - Diamond, Aritzia Community Sponsor Package - Double Diamond, Aritzia Distributes 10,000 Packs of Leggings and T-Shirts to Healthcare Workers, distributed to those on the front lines of COVID-19. Over the course of Wongs 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. The analyst noted the brands expansion into the cozy and comfort category, perfectly mirroring consumer demand for more casual and relaxed, at-home pandemic-dressing, Burrows said. All sale and discounted items bought in store are final sale.
Aritzia Provides Business Update on COVID-19 | Markets Insider Return processing typically takes 7-10 business days. Most corporations have tons of money in reserve funds that could easily be used," wrote one user. In addition to collection launches, new product launches this year will include intimates and swim, Hill said. *The Aritzia Community Relief Fund amount is displayed in Canadian Dollars. For every package purchased (you can pick up the Diamond package for $100. Thanks to our Aritzia Community Health & Safety team and the enormous efforts of so many including each and every one of you there has been no confirmed community-spread of the COVID-19 virus within any of Aritzias spaces. Note: If you checked out as a guest, a return postage fee of $8.00 (plus applicable taxes) will be deducted from your refund. . Let's continue to take care of each other," continued Mr. Hill. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. We recognize that others are dealing with far more complex and impactful challenges than where we find ourselves. Within 10 days of purchase, you can return your item and receive a refund to the original method of payment, at any boutique in the country you bought it from. Your order is safe and secure at the store location and you can pick it up as soon as our stores reopen. Dates will be confirmed at a later time. Net revenue increased by about 63%, or $175 million, to $453 million, up 70%, or $186 million, from two years ago. I dropped an item off at a store for repair. This is certainly a time for everybody to listen and learn, and take action as a result of that. While International Women's Day and Women's History Month are notable occasions to celebrate the power of women, Aritzia recognizes women all year long, in leadership and executive roles. Aritzias shares gained 59 cents or three per cent to $19.96 in Thursday trading on the Toronto Stock Exchange.
In total, Aritzia has 106 stores, with 38 boutiques in the U.S. and 68 boutiques in Canada. Not only did this aesthetic reflect consumers' stay-home reality, creating styles they could see themselves in it also, in many ways, called upon the influencer-popularized It-girl aesthetic, through which Gen-Z millennials are used to shopping online. We look forward to the day we can open our boutiques to you once again. Opinions expressed by Forbes Contributors are their own. To provide relief to frontline workers during this time, Aritzia donated $10 million of inventory through the Aritzia Community Care Program, which gifted 100,000 care packages of washable, low-maintenance garments designed for pre- and post-shift comfort to healthcare workers. While successful in keeping its team intact, the move received mixed reviews from its online community. While Aritzia has managed to survive and thrive in 2020 a year that will be remembered for the acute challenges it's posed on all businesses the brand's ability to remain profitable can, and should, be continued by raising the stakes on inclusivity. VANCOUVER - Aritzia Inc. reported a first-quarter loss and revenue drop after temporarily closing all its stores due to COVID-19 health precautions, but the clothing retailer sees an opportunity to expand its business amid the global pandemic. Aritzia will provide an update on the operational and financial impacts of COVID-19 on its fourth quarter Fiscal 2020 earnings call in May. (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. Sales growth inthe United Statessustained unprecedented momentum, increasing 115% and representing 44% of our total revenue in the quarter, Hill said, in the company release. Financial Assistance for Food, Housing, and Bills.
The 'Super' Success Of Aritzia: Jennifer Wong, President - Forbes 16, 2020, 07:00 AM. Aritzia Refund Policy. It was really important for us not to layoff or furlough anyone. This post has been updated from its original form for clarification. How do I ship my product back for a return? By the end of May, Aritzia Inc. expected its net revenue is about 45% lower for the current quarter compared with the same time last year due to COVID-19 related store closures and despite a . Bottom line Both companies. Sale items marked with a discount of 50% or greater are final sale. Cant wait to see you soon. Aritzia will also open two pop-up locations in New York and Los Angeles this fall. Text HELP for help or STOP to opt out. For purchases made online, you can return your purchases online and in store. In a year thats been anything but normal, the holiday season offers us a chance to look back on the past 12 months and reflect on the resilient efforts of so many, and of all that weve accomplished together. Despite the drop in overall revenues, e-commerce sales grew more than 150 per cent during the quarter.
Approximately a year before the pandemic started in North America, Aritzia's 97 boutiques were responsible for more than three quarters of the company's overall revenue. Join the Aritzia Research Community for a chance to provide valued feedback and receive an Aritzia gift card in return. The Community Care program is an extension of Aritzias overall commitment to organizations that help women and girls succeed at work and in life. More premier locations are becoming available and under increasingly compelling financial terms, he said. Aritzia is well known and deeply loved by its clients in Canada with growing client awareness and affinity in the United States and outside of North America. "Aritzia is committed to ensuring the financial continuity of both our internal team and the employees of our overseas partners impacted by COVID-19. For purchases made in store, you can return or exchange your purchases in store only. These recommendations are applicable to Alberta and may differ from other jurisdictions. You can receive a full refund within 14 days from the shipping date or merchandise credit on an eGift Card within 30 days from the shipping date. We appreciate your patience during this time. The Company designs apparel and accessories for its collection of exclusive brands. Free shipping & free returns on all orders, all the time. The brand's mystifying success story has offered a glimmer of hope for brands who were harder-hit by the pandemic and looking for ways to rebuild. From your order detail page, select Return Items to fill out the return request form. VANCOUVER, March 16, 2020 /CNW/ -Aritzia Inc. ("Aritzia" or "the Company") (TSX: ATZ), a vertically integrated, innovative design house of exclusive fashion brands, announced updates to its business operations. They have carved out a unique customer positioning in the market around Everyday Luxury, and through their segmentation into six distinct brands, have built an assortment that can address the customers needs Monday to Sunday, said Kristin Kohler Burrows, senior director, Alvarez & Marsal Consumer and Retail Group, a global consultancy specializing in business transformation. Half of the leases the company has signed were negotiated after the pandemic began and reflect what he called compelling post-COVID financial terms.. Aritzia Community Relief Fund + Our People. When typing in this field, a list of search results will appear and be automatically updated as you type. While we celebrate the fact that women make up 85 percent of our team today, we recognize that there is more we can do to promote and equality and ensure broad representation." 2023 Vox Media, LLC. All of Aritzia's profits, while we get through this challenging time, will go to the Aritzia CommunityTM Relief Fund to pay our people and support their families. As a followup to this capsule collection, Aritzia released a limited-edition collection, Cause Mom, in time for Mothers Day. Aritzia aims to delight its clients through an aspirational shopping experience and exceptional client service that extends across its more than 95 boutiques and eCommerce business, aritzia.com. Aritzia is making an initial donation of Community Sponsor Packages (320,000 clothing items) to 80,000 frontline healthcare workers in Canada and the USA. Orders purchased on aritzia.com via Afterpay will only be eligible for a refund to your Afterpay account when you mail them back to us. Clients will be able to continue shopping Aritzia's Everyday Luxury offering through aritzia.com for the time being. Artizia survived during the COVID-19 pandemic by shifting to a far more intensive digital selling strategy.
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