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. In reaction to the earnings, one retail analyst said the retailer is firing on all cylinders.. By subscribing to this BDG newsletter, you agree to our. Aritzia will provide an. May 5, 2020 On this day, Giving Tuesday Now, which celebrates the global power of human connection and strengthening communities, Aritzia is launching the Aritzia Community Care Program, a $20 million initiative to gift 150,000 Canadian frontline healthcare workers with custom-designed clothing packages to help prevent the spread of the virus as they fight the COVID-19 pandemic. "Our goal is to do our part for the global well-being. Here, at Aritzia, you, our loyal clients are at the heart of what we do and why we do it. Republication or distribution of this content is Calls may be live or prerecorded. 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. This is certainly a time for everybody to listen and learn, and take action as a result of that. Bottom line Both companies. Don't rely on consumers to do the job you should be doing. 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. Aritzia stock is trading at the next 12-month price-to-earnings multiple of 20.4, which is lower than its historical average of about 25.8, offering a good entry point. Can I refund it? While it's managed to perform, the question of profound, lasting change continues to loom overhead. For every package purchased (you can pick up the Diamond package for $100 or the Double Diamond for $200), Aritzia will donate two back to the community on your behalf. While most comments typically receive responses from the brand on social, the comments that pressed Aritzia on the directive went unanswered, with some users reporting that their comments were deleted. An employee who tests positive for COVID-19 shall be paid at the employee's regular rate until the employee is authorized to return to work per the terms of the Human Resources COVID-19 Guidelines for Employees. 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. 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. And Aritzia has also consistently been a favorite of the Duchess of Sussex Meghan Markle (who has been spotted in several items from the Babaton and Wilfred range). 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. Dates will be confirmed at a later time. (Google Maps) Clothing retailer Aritzia Inc. is closing all of its stores until further notice as businesses . To our frontline COVID-19 healthcare heroes, thank you for your fearless service. 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. 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. 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. Every customer package that is purchased funds the donation of two additional sets of clothing for frontline healthcare workers. Still, theres no disputing the power of a major celebrity social media endorsement. 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'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. The Consolidated Appropriations Act of 2023 extended many of the telehealth flexibilities authorized during the COVID-19 public health emergency through December 31, 2024. Shop Now. Starting May 11, Aritzia Community Sponsor Packages will be available for registration on Aritzia.com. Section: COVID-19 Return to Work on Campus Series Policy Number: 1102 Responsible Office: Human Resources Effective Date: 7/30/20 Revised: 9/28/21; 11/2/21; 1/13/22; 10/19/22 POLICY. Effective immediately, the Company will also shift all Support Office employees to flexible working arrangements. This report by The Canadian Press was first published July 9, 2020. 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. Items must not be washed, worn or damaged. If you checked out while signed into your Aritzia account, no postage fee will be deducted. I write about retail, fashion and beauty. Some of our new health and safety measures include: 80,000 frontline healthcare workers gifted through a $10 million initial donation, 90,000 more frontline healthcare workers gifted through Aritzia Customer Sponsorship with an additional $10 million value, Aritzia Customer Sponsorship starts online today; healthcare worker registration starts online May 11, SATURDAY, APRIL 4 - A Letter to Our Community. What health and safety measures have you implemented? Thank you for supporting us, so we can support our people. Net revenue increased by about 63%, or $175 million, to $453 million, up 70%, or $186 million, from two years ago. Here at Aritzia, you, our loyal clients, are at the heart of what we do and why we do it. 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. Aritzia did not request any additional contribution from its customers beyond the entirety of sales for the limited time. And well continue to do so as we begin to reopen our boutiques thoughtfully, safely and on a case-by-case basis. 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. Sorry, no refunds to original form of payment for sale or discounted items. In early March, when COVID-19 first began rearing its head around the world, few could imagine the toll it would take on the fashion industry. 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.. Were following every protocol and doing everything we can in our boutiques, distribution centres and support offices to ensure the safety of our people, our community and you. It is also shifting all support office employees to flexible working arrangements. Since this began, weve continuously prioritized the health, safety and financial wellbeing of our people. Friends and Family passes to Aritzia Warehouse Sale selling for $40 online Many Metro Vancouverites have been waiting for their chance to grab Wilfred, TNA, Babaton, and Sunday Best items at a 50 to 90% discount. The fund provided financial continuity to Aritzia's people who were directly or indirectly been affected by its store closures due to COVID-19. FRIDAY, JUNE 19 - A Letter to Our Community, ARITZIA LAUNCHES $20 MILLION PROGRAM TO GIFT CUSTOMIZED CLOTHING TO CANADIAN HEALTHCARE WORKERS. 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. Aritzias shares gained 59 cents or three per cent to $19.96 in Thursday trading on the Toronto Stock Exchange. If you purchased from aritzia.com, you can ship your return back via mail using your return shipping label included in your order. Aritzia Customer Sponsorship starts online today; healthcare worker registration starts online May 11 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. In addition to collection launches, new product launches this year will include intimates and swim, Hill said. |, Don't worry, you can opt out any time. 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. 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. Our retail came back stronger than pre-pandemic levels, and for the first time since the start of the pandemic, all of Aritzias boutiques were open for the entire duration of the quarter, Hill 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. Artizia survived during the COVID-19 pandemic by shifting to a far more intensive digital selling strategy. 68735 Views Jan 2, 2023. And well continue to do so as we begin to reopen our boutiques thoughtfully, safely and on a case-by-case basis. Here's what to expect when visiting our boutiques. Our boutiques are officially reopening. Financial Assistance for Food, Housing, and Bills. While 2020 has posed unprecedented challenges, its also illuminated all that we have to be so thankful for. Today, Aritzia can count 101 boutiques, with the recent opening of its Ala Moana boutique in Honolulu, its first in Hawaii. "This gift to essential workers has become a staple piece of clothing, thank you @aritzia," one woman posted on Instagram. 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. to colleagues, clients or customers, or inquire about The brand is also leaning in on its Diversity & Inclusion initiative, which is newly committing $1 million CAD to internal improvements. 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). Returns are free within the US when signed into your Aritzia account. 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." Cant wait to see you soon. Get our Fashion & Beauty newsletter by tapping the button below. For purchases made in store, you can return or exchange your purchases in store only. Dates will be confirmed at a later date. Aritzia Refund Policy. (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. like Jennifer Lopez, Kendall Jenner and Hailey Bieber, covet the brand's everyday luxury looks. The campaign features Canadian models (and mothers) Tasha Tilberg and Janice Alida photographed with their children. Box 500 Station A Toronto, ON Canada, M5W 1E6. Aritzia Community Sponsor Packages are now available for customers in Canada and the USA to purchase on Aritzia.com. Text HELP for help or STOP to opt out. 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. 2023 BDG Media, Inc. All rights reserved. This year it's running from August 31 to September 5. 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. Only seven, including four in Manhattan, remain closed. 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. 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. So anything you buy, like the The company said it would be offering free shipping and free returns on online orders in the meantime. 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 . You are a vital part of our community, now and forever. 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 . 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. Aritzia is also giving customers the chance to purchase a set for healthcare heroes with a "You Get, We Give" initiative. The Community Care program is an extension of Aritzias overall commitment to organizations that help women and girls succeed at work and in life. Masks are now required in all our boutiques, and we'll continue to provide them to any client who doesn't have their own.
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