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. Exchanges for online purchases may be completed in store or by mailing back your online return and then placing a new order. Delivery of the Sponsor and Sponsor Packages will begin in late May and continue throughout June. While our stores are reopening, we recommend returning your order and placing a new order online. As soon as your return is complete, we'll e-mail you and let you know. 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). As we head into the heart of the holiday season, we continue to take our Aritzia Community industry-leading health precautions. In sum, they areexecuting extremely well across every key element and have been able to meet the customer where she wanted and expected to be, in this Covid marketplace.. Still, theres no disputing the power of a major celebrity social media endorsement. This year it's running from August 31 to September 5. As much as real estate is a priority for Aritzia, the brands digital footprint is also a critical part of its strategy. The Aritzia Community Relief Fund was supported by the ongoing loyalty of our customers and the generosity of our suppliers, partners and service providers. Updated 2/14/23. We appreciate your patience during this time. Your Aritzia. According to a 2017 study by International Journal of Fashion Design, Technology and Education, the AAW (Average American Woman) is a size 16-18. Aritzia will provide an update on the operational and financial impacts of COVID-19 on its fourth quarter Fiscal 2020 earnings call in May. The return-to-work policy, including masking and antigen testing, for employees and students with COVID-19 remains unchanged. 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. Were in this together. Gift cards may not be redeemed for cash or refunded unless required by law. With Love, We conceive, create, develop and retail fashion brands, each with its own vision and distinct aesthetic point of view and all with a depth of design and quality that provide compelling value. Orders purchased via PayPal will only be eligible for a refund to your PayPal account when you mail them back to us. Many factors could cause our actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements, including, without limitation, the factors discussed in the "Risk Factors" section of the Company's annual information form dated May 9, 2019 for the fiscal year ended March 3, 2019 (the "AIF"). While our boutiques will remain closed until its safe to reopen, were committed to ensuring job security for all our employees, for as long as we can. Sale items marked with a discount of 50% or greater are final sale. Wong declined to share any specific benchmark goals for achieving greater BIPOC representation in its corporate structure at this time. Aritzias shares gained 59 cents or three per cent to $19.96 in Thursday trading on the Toronto Stock Exchange. Pack and ship your return, following the instructions outlined on the Return Confirmation page. 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. On the heels of a successful International Womens Day with its WomenWomen (or Women to the Power of Women) capsule collection and campaign that was released in March 2021, and a 2020 filled with growth, new store openings and a successful e-commerce strategy, Aritzia is making its mark as the destination for everyday luxury. Yes. "When we made the decision to close our stores in. 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. Brian Hill expressly prohibited without the prior written consent of Toronto The Consolidated Appropriations Act of 2023 extended many of the telehealth flexibilities authorized during the COVID-19 public health emergency through December 31, 2024. The Company will continue to strategically invest in critical infrastructure across its people, processes, and technology. While 2020 has posed unprecedented challenges, its also illuminated all that we have to be so thankful for. 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. Republication or distribution of this content is "Our goal is to do our part for the global well-being. Despite pandemic-related challenges facing all retailers, Aritzia, whose everyday luxury looks attract the attention of A-list celebrities like Jennifer Lopez, seems to be on the right track, reporting record-breaking third quarter earnings. 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. As a group, they are Aritzia to Release Third Quarter Fiscal 2023 Financial Results, Aritzia Announces Closing of Secondary Offering of Subordinate Voting Shares, Aritzia Presents its Fiscal 2027 Strategic and Financial Plan, Powering Stronger. Online purchases can be exchanged in store. 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. "The shift to models providing our images from their homes is working well for now, and seems to be continuing to resonate with our clients," says Hill. 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. For purchases made in store, you can return or exchange your purchases in store only. 16, Aritzia had closed all its stores, working quickly to reroute its business through digital channels. Jennifer Wong is the president and COO at Aritzia, an innovative design house and fashion boutique that conceives, creates and develops its own exclusive brands, each with a unique vision and distinct aesthetic point of view. With your continued loyalty, weve raised over $4.4 million to support our people and their families. 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. 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.. With storefronts closed and the masses sequestered indoors, brands of all sizes faced profound challenges from laying off staff to pivoting their fashions around our new reality. 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. When Brian Hill opened the first standalone boutique in 1984, the idea was simple: offer beautiful clothes in aspirational spaces with exceptional service. Cant wait to see you soon. Thank you for supporting us, so we can support our people., SUNDAY, MARCH 15 - A Letter to Our Community. Many factors could cause our actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements, including, without limitation, the factors discussed in the "Risk Factors" section of the Company's annual information form dated May 9, 2019 for the fiscal year ended March 3, 2019 (the "AIF"). Aritzia will provide an. Our goal is to do our part for the global well-being. 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. 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. The brand declined to comment on this shift in sizing. Aritzia has shared snaps from grateful nurses and medics with POPSUGAR, which were posted on social media to thank the retailer for the thoughtful packages. Our eCommerce business continued to surge, increasing 47% on top of the 79% increase we saw in the third quarter last year.. Aritzia is significantly increasing precautionary measures to ensure the well-being of its Concierge and Distribution Centre employees. Should you need anything else, you can always reach us on our live chat or through email at service@aritzia.com. 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. For more details about our return and exchange policy, see. cozy fleece perfect hi-rise 3" sweatshort. 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. Its collection of ribbed tanks, super-soft sweatsuits, and even easy tees and joggers have been seen on influencers and celebrities alike and it's not hard to see why. How can I find out if my local store is open? So much so, its hard to determine at this point if our stores were more profitable prior to COVID-19 or our new stores will be more profitable as a result of new economics post COVID-19.. Clients will be able to continue shopping Aritzia's Everyday Luxury offering through aritzia.com for the time being. Aritzia's popular TNA sweatsuit, Photo Credit: Courtesy of Aritzia. 16, 2020, 07:00 AM. . Aritzia closing all stores until further notice due to COVID-19 | CBC News Loaded. Hours are as follows: We are not able to offer exchanges online. Despite near-term uncertainties, Aritzia's management team remains confident in the fundamentals of the Company's business model and long-term growth opportunities. And well continue to do so as we begin to reopen our boutiques thoughtfully, safely and on a case-by-case basis. Aritzia is also giving customers the chance to purchase a set for healthcare heroes with a "You Get, We Give" initiative. "Well take those learnings into account as we move forward." As we take extra precautions to keep our people safe, it may take us slightly longer than usual (1014 days) to issue your refunds. 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. The Aritzia Community Relief Fund was supported by the ongoing loyalty of our customers and the generosity of our suppliers, partners and service providers. If you checked out while signed into your Aritzia account, no postage fee will be deducted. Opinions expressed by Forbes Contributors are their own. 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. Effective immediately, the Company will also shift all Support Office employees to flexible working arrangements. Packages are free of charge for licensed Canadian female healthcare workers, including doctors, nurses, and healthcare aides caring for COVID-19 patients in hospitals, COVID-19 assessment centres, and long-term care homes. By working with organizations that have expertise in nonwhite representation, mending singed relations with Black consumers and radically pivoting its internal treatment of Black employees, the brand has the opportunity to grow authentically, so long as it is willing to change. 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. Aritzia started a phased reopening of stores on May 7. Were happy to find out for you, please contact our Aritzia Concierge team on our aritzia.com live chat or email. Can I refund it? You are a vital part of our community, now and forever. Description. 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. I received an email/phone call letting me know my order has arrived in-store, can I go pick it up? Most corporations have tons of money in reserve funds that could easily be used," wrote one user. No one has been laid off or furloughed at Aritzia to date, due to COVID-19. We are not able to offer exchanges online. 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 sale and discounted items bought in store are final sale. 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. All returned items purchased using a gift card will be refunded as merchandise credit back onto a gift card. 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. 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. Aritzia Return Policy for Online Purchases If you bought your regular-priced merchandise online, you can return the items within 14 days from the shipping date and receive a full refund. 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. 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. According to Bloomberg, the plus-sized market alone has $20 billion of buying power. *The Aritzia Community Relief Fund amount is displayed in Canadian Dollars. Today, Aritzia is a leader in the retail industry with a world-class team, a loyal community and an exciting future ahead of it. When typing in this field, a list of search results will appear and be automatically updated as you type. To order Sale items marked with a discount less than 50% can be returned for merchandise credit on an eGift Card if returned within 14 days of the shipping date. Aritzia did not request any additional contribution from its customers beyond the entirety of sales for the limited time. (Google Maps) Clothing retailer Aritzia Inc. is closing all of its stores until further notice as businesses . What if I need to return or exchange something? Cision Distribution 888-776-0942 It was really important for us not to layoff or furlough anyone. 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. Aritzia Exchange Policy. Aritzia is also giving customers the chance to purchase a set for healthcare heroes with a "You Get, We Give" initiative. Closed Captioning and Described Video is available for many CBC shows offered on CBC Gem. Wong was named COO in 2007, and in 2015, was named president & COO of Aritzia. 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. TnAction Spring 23 just launched. COVID-19 unemployment benefits can help employees, gig workers, and self-employed people whose jobs have been affected by the coronavirus pandemic. Net revenue totalled $111.4 million, down 43.4 per cent from $196.7 million in the same time last year. Note: If you checked out as a guest, a return postage fee of $8.00 (plus applicable taxes) will be deducted from your refund. Aritzia has a ten-year lease on the iconic former Dean & DeLuca space. 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. Subsequent instalments to Afterpay may be required. It beat expectations as it reported a net loss of $26.5 million for the first quarter ended May 31, down from a net income of $16.2 million in the same quarter last year, which ended June 2, 2019. |, Don't worry, you can opt out any time. E-commerce revenue remains strong, though growth has moderated since most of the companys stores have reopened, he said, and is currently trending 50 per cent to 100 per cent higher than last year. The Administration's plan is to end the COVID-19 public health emergency (PHE) on May 11, 2023. I write about retail, fashion and beauty. Through its omni-channel approach, Aritzia sold through the majority of its inventory (it had $15 million more remaining in inventory at this time last year), with a cash balance increase of $88 million. We learn, we refine, we continue to make changes, Wong shares. 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. As we navigate this complex and challenging landscape, we feel this is the best decision for our people, our clients, our partners and our community as a whole," said Brian Hill, Founder, Chief Executive Officer and Chairman. Consumers from New York to Vancouver were shopping for elevated, modern essentials IRL until, of course, things changed. I have an order outstanding. Sale items marked with a discount less than 50% can be returned for merchandise credit on an eGift Card if returned within 14 days of the shipping date. 2023 Vox Media, LLC. Some of our new health and safety measures include: ARITZIA LAUNCHES $20 MILLION PROGRAM TO GIFT CUSTOMIZED CLOTHING TO CANADIAN HEALTHCARE WORKERS 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. In our few workspaces that do remain open, we are taking industry-leading precautions to keep our teams healthy and safe. It says customers will still be able to continue shopping through the company's website for the time being. 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. 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. Your repair is safe and secure at the store location you dropped it off at. Get brilliantly crafted emails from Aritzia on sales, new arrivals and all things Everyday Luxury. 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. And well continue to do so as we begin to reopen our boutiques thoughtfully, safely and on a case-by-case basis. Citing exceptional performance throughout the quarter despite the ever-changing pandemic landscape, including supply chain disruptions, shipping delays and labor shortages, Brian Hill, founder, chief executive officer and chairman of Aritzia, said he sees extraordinary opportunities in the retailers future. See, Click to View our Accessibility Statement. After 30 days, we will no longer accept returns. "We couriered the clothes to our models to photograph at home, and we were very pleased with the results," says Brian Hill, Chief Executive Officer of Aritzia, tells TZR. Here, at Aritzia, you, our loyal clients are at the heart of what we do and why we do it. As a huge retail corporation, Walmart has been largely affected by the COVID-19 pandemic, alongside many other stores such as Costco, Michaels, and Dollar General.. Hey! When search suggestions are available use up and down arrows to review and enter to select. Clients will be able to continue shopping Aritzia's Everyday Luxury offering through aritzia.com for the time being. They have invested in digital capabilities like personalization, size optimization and convenient payment options, and are delivering a high-touch, elevated in-store experience. The Company designs apparel and accessories for its collection of exclusive brands. Despite near-term uncertainties, Aritzia's management team remains confident in the fundamentals of the Company's business model and long-term growth opportunities. Insider info on sales, new arrivals and more good stuff. What is the Return & Exchange policy for items ordered on Aritzia.com?
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