Anyone can read Conversations, but to contribute, you should be a registered Torstar account holder. Subsequent instalments to Afterpay may be required. (Google Maps) Clothing retailer Aritzia Inc. is closing all of its stores until further notice as businesses . The Company's expansive and diverse range of women's fashion apparel and accessories addresses a broad range of style preferences and lifestyle requirements. Despite the drop in overall revenues, e-commerce sales grew more than 150 per cent during the quarter. 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. According to a 2017 study by International Journal of Fashion Design, Technology and Education, the AAW (Average American Woman) is a size 16-18. Dates will be confirmed at a later time. 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. Net revenue totalled $111.4 million, down 43.4 per cent from $196.7 million in the same time last year. Our boutiques are officially reopening. "Our goal is to do our part for the global well-being. Effective immediately, the Company will also shift all Support Office employees to flexible working arrangements. Aritzia's strong financial position, with $274 million of liquidity in place at the end of the third quarter, enables it to weather further uncertainty while continuing to take advantage of unparalleled opportunities. As we take extra precautions to keep our people safe, it may take us slightly longer than usual (1014 days) to issue your refunds. The Company's expansive and diverse range of women's fashion apparel and accessories addresses a broad range of style preferences and lifestyle requirements. 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). 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. This report by The Canadian Press was first published July 9, 2020. Aritzias net revenue for the first five weeks of the second quarter were down 25 per cent to 30 per cent compared with the same time last year, said chief financial officer Todd Ingledew. The fund continues to provide financial continuity to our people who have directly or indirectly been affected by our store closures due to COVID-19. All proceeds during this time go directly to the Aritzia Community Relief Fund 100% of which will be distributed to our people. 16, Aritzia had closed all its stores, working quickly to reroute its business through digital channels. 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." Learn More.If your local boutique hasnt reopened yet, you can continue to shop everyday luxury here. Opinions expressed by Forbes Contributors are their own. Aritzia has been hit hard by the pandemic because many of its stores in COVID-19 hot spots have been forced to close for prolonged periods and the company has had to refocus on online sales. 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. 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. When Brian Hill opened the first standalone boutique in 1984, the idea was simple: offer beautiful clothes in aspirational spaces with exceptional service. More premier locations are becoming available and under increasingly compelling financial terms, he said. In addition to the sales revenue contributed to ACRF, the brand took a two-pronged approach internally first, by temporarily cutting senior leadership's pay by 25 percent; and second, by forfeiting the cash portion of Board of Directors' fees, according to Aritzia's Q4 Results. Walmart's Return PolicyCOVID-19 Changes. The executive said, while everything is working right now, its about 50% of the way there. The brand, founded in 1984 in Vancouver, is in the process of investing in social media and building that team, he said. Were extending our Returns & Exchanges policy. We appreciate your patience during this time. . 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. The program came together with Good360 to create a sponsor package consisting of two cotton tees and two pairs of leggings made of sweat-wicking material, each stitched with an exclusive Aritzia heart logo in gold and 10,000 have been distributed to those on the front lines of COVID-19. Its critical to note that this is merely the beginning the brand knows it has a lot of work ahead. Aritzia has closed all 95 of its stores as a precaution during this coronavirus crisis. A Return Label has been provided with your original order. 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. 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. This is certainly a time for everybody to listen and learn, and take action as a result of that. When will I get my order? Within 21 days of purchase, you can exchange your item or receive a merchandise credit, at any boutique in the same country you bought it from. Were in this together. The Women Of Roblox Are On A Mission To Make Gaming A Force For Good, ChatGPT: Thinking Outside The Content Marketing Box, How Latina Entrepreneur Corina Burton Once Failed, Then Launched A Multi-Million Business, Child Sexual Abuse Survivors Pen Their Own Justice, Women Have Found A Powerful Way To Form Authentic Connections In Business - Mentoring Walks, Sephora, A New CCO And A Celebration Of Latinx Roots: Babba Rivera Is Building A Haircare Empire With Ceremonia, 5 Ways To Bounce Back After Getting Laid Off, Greenlight For Work Tackles Top Source Of Stress For Working Parents. Please reference the appropriate carrier website for hours of operation and accessible return drop off locations. Aritzia generated $425.9 million in e-commerce sales in the past fiscal year, which was 49.7% of its overall revenue, the company said. Right now, all proceeds will go to the Aritzia Community Relief Fund to support families. Sorry, no refunds to original form of payment for sale or discounted items. 16, 2020, 07:00 AM. While 2020 has posed unprecedented challenges, its also illuminated all that we have to be so thankful for. Given this unprecedented period of uncertainty, there can be no assurances regarding: (a) the length of time Aritzia's retail locations will be closed as a result of COVID-19; (b) the COVID-19-related impacts on Aritzia's business, operations and performance, including its ability to remain on track to meet or exceed its stated fiscal 2021 performance targets, (c) Aritzia's ability to mitigate such impacts; (d) credit, market, currency, operational, and liquidity risks generally; and (e) other risks inherent to Aritzia's business and/or factors beyond its control which could have a material adverse effect on the company. 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. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Aritzia to Release Third Quarter Fiscal 2023 Financial Results, Aritzia Presents its Fiscal 2027 Strategic and Financial Plan, Powering Stronger. It was the culmination of this move, along with Aritzia's excellence in offering "Everyday Luxury," that enabled its e-commerce to grow in excess of 150 percent in just one quarter. We will gladly refund (in original tender) regular-priced, new merchandise within 30 days of the shipping date. The Aritzia Community Relief Fund was supported by the ongoing loyalty of our customers and the generosity of our suppliers, partners and service providers. This post has been updated from its original form for clarification. 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. 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. As a followup to this capsule collection, Aritzia released a limited-edition collection, Cause Mom, in time for Mothers Day. For purchases made online, you can return your purchases online and in store. Aritzia to Gift $10 Million Worth of Clothing to Canadian Healthcare Aritzia is a vertically integrated, innovative design house of fashion brands. Readers are urged to consider the risks, uncertainties and assumptions carefully in evaluating the forward-looking information and are cautioned not to place undue reliance on such information. Within 21 days of purchase, you can exchange your item or receive a merchandise credit, at any boutique in the same country you bought it in. Mar. Our approach is modelled after the successful implementation at our Distribution Centres and Concierge hubs, where weve not had a single positive case of COVID-19 to date. Wong declined to share any specific benchmark goals for achieving greater BIPOC representation in its corporate structure at this time. 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. permissions/licensing, please go to: www.TorontoStarReprints.com. 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. 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. Despite near-term uncertainties, Aritzia's management team remains confident in the fundamentals of the Company's business model and long-term growth opportunities. Despite near-term uncertainties, Aritzia's management team remains confident in the fundamentals of the Company's business model and long-term growth opportunities. After 30 days, we will no longer accept returns. As we take extra precautions to keep our people safe, it may take us slightly longer than usual (1014 days) to issue your refunds. In response to the evolving COVID-19 pandemic, Aritzia will be closing all of its retail locations until further notice as of Monday, March 16 th, 2020. 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. The campaign features Canadian models (and mothers) Tasha Tilberg and Janice Alida photographed with their children. Telehealth policy changes after the COVID-19 public health emergency In reaction to the earnings, one retail analyst said the retailer is firing on all cylinders.. Aritzia is an innovative design house and fashion boutique. Steady, now. Amid Record U.S. Store Closures, Retailer Aritzia Commits To - Forbes The Company designs apparel and accessories for its collection of exclusive brands. Message frequency varies. This depends on what stage of the order process your purchase is at. It is a priority for CBC to create products that are accessible to all in Canada including people with visual, hearing, motor and cognitive challenges. Even with these difficulties, Canadian apparel brand Aritzia thrived during COVID-19, seemingly becoming an exception to the rule. How can I find out if my local store is open? Immunization providers should follow their regulatory/employer guidance for reporting . With Love, Huge line returns for Vancouver's first Aritzia Warehouse Sale since Shop Now. 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. While 2020 has posed unprecedented challenges, its also illuminated all that we have to be so thankful for. Aritzia Exchange Policy. Now, with scores of well-followed influencers wearing sizes 14 and above, the ability to represent this demographic through at-home shoots is entirely possible. Online purchases can be exchanged in store. It does so through three pillars of impact: poverty alleviation, mentorship and job readiness. You can pick it up as soon as the store reopens. Aritzia will also open two pop-up locations in New York and Los Angeles this fall. 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. The Community Care program is an extension of Aritzias overall commitment to organizations that help women and girls succeed at work and in life. Aritzias adjusted net loss was expected to be 25 cents per share on $108.5 million of revenues, according to financial markets data firm Refinitiv. We took the next couple of weeks to analyze our business and during that time, we kept all of our people employed. Net revenue increased by about 63%, or $175 million, to $453 million, up 70%, or $186 million, from two years ago. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Cant wait to see you soon. Every customer package that is purchased funds the donation of two additional sets of clothing for frontline healthcare workers. UTMB Employee and Student COVID-19 Information 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. This table provides guidance and recommendations for immunization providers when immunization errors/deviations have occurred involving COVID-19 vaccine. So in an effort to make things easier for you, weve compiled all the facts in one place. Given this unprecedented period of uncertainty, there can be no assurances regarding: (a) the length of time Aritzia's retail locations will be closed as a result of COVID-19; (b) the COVID-19-related impacts on Aritzia's business, operations and performance, including its ability to remain on track to meet or exceed its stated fiscal 2021 performance targets, (c) Aritzia's ability to mitigate such impacts; (d) credit, market, currency, operational, and liquidity risks generally; and (e) other risks inherent to Aritzia's business and/or factors beyond its control which could have a material adverse effect on the company. Wong was named COO in 2007, and in 2015, was named president & COO of Aritzia. Aritzia plans to open five or six new stores and reposition three existing locations, primarily in the second half of the fiscal year. Insider info on sales, new arrivals and more good stuff. VANCOUVER -- Clothing retailer Aritzia Inc. is closing all of its stores until further notice as businesses across the country move to help reduce the spread of COVID-19. 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. Every day Im honored to work alongside a world-class team of smart, ambitious, talented women building and thriving in long-term careers, Wong shares. Where impact and internal change are concerned, its an ever-evolving process. The company said it would be offering free shipping and free returns on online orders in the meantime. TnAction Spring 23 just launched. 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. We appreciate your patience during this time. How can I get this? In our few workspaces that do remain open, we are taking industry-leading precautions to keep our teams healthy and safe. Despite near-term uncertainties, Aritzia's management team remains confident in the fundamentals of the Company's business model and long-term growth opportunities. According to Bloomberg, the plus-sized market alone has $20 billion of buying power. And well continue to do so as we begin to reopen our boutiques thoughtfully, safely and on a case-by-case basis. 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. 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. See, Click to View our Accessibility Statement. "Our goal is to do our part for the global well-being. Its Time For A Dress Refresh Shop The 9 Biggest Styles For Spring, How Dressing Weird Became The Ultimate Fashion Flex, TZR Editors Share The Fashion Trends They Are Investing In For Spring, Diors Fall/Winter 2023 Collection Was A Nod To Strong Women In History. If youre returning items from multiple orders, please contact Aritzia Concierge to set up your return. Were committed to being both responsive and responsible and navigating these times with everyones safety in mind. Orders purchased via PayPal will only be eligible for a refund to your PayPal account when you mail them back to us. Description. Some also reported that staff used a system of acronyms to racially profile customers in retail stores. Let's continue to take care of each other," continued Mr. Hill. From your order detail page, select Return Items to fill out the return request form.