jennifer wong aritzia husband

jennifer wong aritzia husband

My gig here is to build the infrastructure to enable our growth, says Wong. And then we want to not only catch up with that, but we're trying to get our inventory even higher to sort of alleviate the expedited freight, coupled with the ongoing rolling COVID closures and some of our supply chain as well. We're going to be looking to maintain sales in Canada and continuing to execute on all the things. ", He lauded Wong, and said, "our tremendous success is a result of Jennifer's contributions. So we're looking at expanding these. And we've seen less of a response -- we've seen less of a dip in our sales prior to going off price, and we've actually seen less of a pickup since we've been off price. Jennifer Wong she/her. And these new categories are looking down the road and down in the future as we continue to expand. november 2020. The popularity of the Super Puff, an all-time bestseller, has been almost entirely due to social. Excluding this region, eCommerce grew 25% in the quarter, reflecting growth in traffic from new and existing clients. But even that -- I don't -- that's not how we're looking at it. And then that will begin to ease in Q3. & Non-Independent Director at Aritzia. Ms Wong is 51, she's been the Pres, COO, and Corp. Sec. I mean we've always talked about new boutiques and repositioned boutiques. I give feedback as a consumer. Were in the fashion business. In Q2, we're entering new markets. 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. This enabled us to capitalize on the vast majority of our client demand, grow wallet share and deliver exceptional results. The next question is from Lorraine Hutchinson with Bank of America. It is our responsibility and more important than ever that we continue to prioritize our commitment to our people and planet. We feel it was a big milestone. "I hadn't 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. We are not seeing indicators at this time. And so we do see things returning to normal at some point over the course of this year and into next year. This will be our largest boutique yet at 45,000 square feet and bring Everyday Luxury to life in a whole new way. Vegan leather skirt. And I think you've already heard Brian mention it that we are investing in our proven sellers that are going to drive our business in Q3 and Q4 and also potentially in Q1 of next year. Thank you, and thanks for joining Aritzia's first quarter fiscal 2023 earnings call. Their tireless hard work, dedication and resilience is unmatched and is what delivered another exceptional quarter. I'm excited to report our results for the first quarter of fiscal 2023 and our plan for continuing to capitalize on the many growth opportunities we see ahead. Hill"Jennifer WongAritzia "Jennifer Aritzia Please. The size of Michigan is related to the success of our larger stores in Canada and the U.S. We have a 20,000 square foot store in Toronto that's exceeding our expectations. Date Download. Thanks. Potentially air freight prices could come down or expedited freight costs. So as I've been saying in my prepared remarks, we have a long-term view of the business. Our store in SoHo is half the size it should be at 20,000 feet. She became COO in 2007. Her first big success was managing the Dr. Martens craze, working directly with the British factories to keep the iconic boots in stock. Following management's discussion, we'll host a question-and-answer period open to analysts and investors. So where last year, the majority of the air freight was in the back half of the year, this year the majority is in the first half, including partially into the third quarter. While Aritzia is no stranger to designing its own signature brands, it created a limited-edition capsule collection to celebrate an equation at the heart of it all Women to the Power of Women which dropped ahead of International Womens Day, this past March. So that's what we're looking at doing, and we're super excited about it. So where we land, we don't know at this point in time. We have carried our strong momentum into Q2 and continue to lay the foundation for long-term lasting growth. If I could add a little bit, we are seeing some -- we haven't seen it come through because the product hasn't arrived yet. Wanda Costen is leading change in business education. Back Submit. There are 9 older and 1 younger executives at Aritzia. A Vancouver native, she had planned to pursue finance upon graduating, but Aritzias CEO, Brian Hill, had other ideas. The online infrastructure held up despite days that were as busy as Black Friday and Cyber Monday, says Wong. Please go ahead. Demand for our much-loved Everyday Luxury experience from new and loyal clients has continued to exceed our highest expectations. 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. With that, I'll now turn the call back to Jennifer. But at the same time, I don't think that we're depending on these launches for our sales and driving our growth over the next few years. 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. In Canada, we grew by 52% with outstanding comparable sales growth and the benefit of reopened boutiques in Eastern Canada. Yes, we aren't seeing any change in that right now. I'm Leeza (she/her). This outstanding growth in spite of macro headwinds was driven by the incredible demand for our product across all geographies and all channels. Get Aritzia Inc. financial information by email. Find contact details for 700 million professionals. And I'm just curious like how much visibility do you have into those movements? I cover captivating visionaries in fashion & lifestyle. Jennifer Wong has 3 current jobs including CEO at Aritzia, President & Chief Operating Officer at Aritzia, and COO at Aritzia. 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 pale wood desk in her office is so clean it seems to have been staged for a photo shoot, but she insists it always looks this way. One of the initiatives Wong is most proud of is implementing a SAP enterprise management system in 2007. Brian was answering the question, but I don't know if we can hear him. We -- as you mentioned, we have less off pricing going on. But we actually think as business and demand peels off due to interest rate increases and things like that, that we actually think that, that inflationary pressure might actually ease itself. This reflects continued strength in the United States in both retail and eCommerce as well as a strong recovery of our business in Canada. Please note that remarks on this call may include our expectations, future plans and intentions that may constitute forward-looking statements. So obviously, sometimes real estate and the opportunities don't necessarily present the opportunity for a bigger store. 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. It was really important for us not to layoff or furlough anyone. I will now turn the conference over to Beth Reed, Vice President, Investor Relations. She grows animated while relating the episode. Some information may no longer be current. For the full year, we have increased our net revenue expectations to a range of $1.875 billion to $1.9 billion from our previous outlook of $1.8 billion. That is why we are thrilled to announce our next global flagship on Michigan Avenue, Chicago's Magnificent Mile. It is not the customer experience we want to in the elevated Everyday Luxury experience, we want to translate to our customers. 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.. [Operator Instructions] The first question is from Mark Petrie with CIBC. Presently, we're repositioning three in Toronto from sort of 4,000, 5,000 feet up to 15,000, 20,000 feet. 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 board was against it, pointing out that Lululemon across the street had done a similar technological transformation at half the cost. There are 2 executives at Aritzia getting paid more, with JedPaulson having the highest compensation of $2,449,610. We also advanced our client and sales reporting this quarter, giving us a 360-degree view of our clients and their shopping behaviors. Where impact and internal change are concerned, its an ever-evolving process. Thank you for participating, and have a pleasant day. 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. She was recognized as one of Canadas Top 40 Under 40 (2008). I have a love for my job. And so we're super excited. Preview Subscribe. The company was formerly known as Aritzia Capital Corporation and changed its name to Aritzia Inc. in August 2016. So we did not layoff or furlough anyone as it related to COVID-19. (Aritzia currently has approximately 4,000 team members.). } Join us in celebrating our newly appointed Chief Executive Officer, Jennifer Wong.. Aritzia is a woman-powered business, with 80% of our leadership positions being held by women. At the retailers behest, some also went into social media overdrive, which has been growing increasingly important to the retailer as it makes inroads stateside. Thanks, Jennifer, and good afternoon, everyone. While we're encouraged by the trends we're seeing in our data, we continue to remain vigilant as we monitor the ever-evolving macro backdrop. While the pandemic halted a run of 22 consecutive quarters of comparable sales growth, the Vancouver-based retailer registered a smaller revenue drop than many rivals, thanks to its nimble pivot to e-commerce. In 1985 Club Monaco moved south, but was eventually sold to the American company Ralph Lauren. And so by covering many different categories across different brands and different occasion sets and different segments of our market, we have an offering that is resonating really well with our customer. Selling in our professional and fashion assortment increased as our clients begin to return to the office, social events and travel, all while maintaining our momentum in lifestyle apparel. And I know a lot of people are excited about it, but Brian can speak to you about that more in terms of the strategy and what. We're just getting started. And even our largest stores can only hold 50% of our product at this point in time. Hill, a third-generation retailer whose familys Hills of Kerrisdale department store has been a Vancouver fixture for almost a century, put Wong in charge of footwear for Aritzias four stores. And as Jen mentioned, we're going to monitor all the other aspects of this. This article was published more than 13 years ago. 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. Thank you. 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. He estimates about half its stock is proven sellers, accounting for about 80% of sales and keeping revenues stable year to year. Jennifer Wong is the Pres, COO, Corp. Sec. To date, it has contributed more than $36 million in product donations, financial support and volunteer hours to non-profits and Aritzia Community partners that share its values. 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. Vancouver fashion retailer Aritzia Inc. (TSX:ARTZ) has appointed Jennifer Wong as CEO, while current CEO, Brian Hill, becomes executive chair. Twenty-five years later, Wong is still at Aritzia, and in an era when its not uncommon for young professionals to change careers multiple times, this makes her somewhat of an anomaly. In fact, we did, says Wong defiantly, launching the first stores right in the middle of the financial crisis. This success can be attributed to sharp marketing and brand awareness, able to leverage sightings of public figures and celebritiessuch as Sophie Trudeau, Meghan, Duchess of Sussex (single-handedly responsible for selling out entire product lines), the Hadid sisters, and Hailey Bieberwearing their clothes. Thank you. View Jennifer Wong's business profile as Chief Executive Officer at Aritzia. Is the consumer acting any differently around going out and where to work? Aritzia Inc. (OTCPK:ATZAF) Q1 2023 Earnings Conference Call July 07, 2022, 04:30 PM ET Company Participants Beth Reed - VP, IR Jennifer Wong - CEO Todd Ingledew - CFO Brian Hill - Founder. You are here: Home 1 / Clearway in the Community 2 / Uncategorised 3 / jennifer wong aritzia husband. I remember Brian and I looked at each other, and we were like, Thats a bad thing? The top leaders spend more time in stores than in their offices, and she personally visits stores regularly, partly to stay on top of operations (When I say something in front of a group at a podium, I need to know what the frick Im talking about) and partly to scope out staff standouts who would benefit from grooming and promotion, as she did herself. callback: cb 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. Thank you. listeners: [], Follow. We continue to focus on empowering our clients to shop with us wherever, whenever and however they want. Dylan, I'll take the beginning of that. She had an ability to cut out the noise and eloquently share an opinion, he says. It didnt lay off any staff, instead shifting many to help with e-commerce and call centre operations. Jennifer Wong is the Pres, COO, Corp. Sec. Aritzia reported a 40 per cent increase in sales revenue growth in the United States market across its e-commerce platform in its 2019 third quarter. Wong was studying economics at the University of British Columbia and planning to get a real job in finance. Jennifer L. Wong, MD. We have the answers for you. Thank you. 85% of our employee base is made up of women, including 67% of our Aritzia Leadership Team; three of six executive officers are female; and 98% of our retail management team are women. 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. But to be an effective leader you have to have other influences and other inspirations. For Wong, those are her husband and 18-month old son. Perhaps the embodiment of the Aritzia brand, Wong is effortless, fashionable, and poised. We now expect gross profit margin to decline up to an additional 50 basis points for the year to approximately 100 to 150 basis points down compared to last year, reflecting higher-than-expected inflationary pressure. These are your fall 2020 must-haves, and Aritzias got them all. Aritzia was startedinside the Hill familys80-year-old department store in Vancouver. When the pandemic hit, the company couriered clothes to models to photograph at home and moved stock from stores to the distribution centre. Current Issue. We expect capital expenditures in the range of $110 million to $120 million, comprised primarily of new and repositioned boutiques, our new distribution center in the Toronto area and the expansion of our support office. Jennifer Wong is President, Chief Operating Officer, Corporate Secretary, Director of the company. jennifer wong aritzia husband 21st May 2022 . "Aventura Mall is one of the top shopping centers in the U.S. The end of bricks and mortar? 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. So we're going to continue to push and open stores. In Q1, we launched our first-ever swim collection, and we extended our footwear offering through our first partnership with Vans. I think last year -- throughout the entire year, we were chasing -- our inventory levels were between 20% and 30% up over the prior year, but our sales were up 75%. We were especially excited about launching our more sustainable styles page. 1,039 followers. Aritzia Inc., together with its subsidiaries, designs and sells apparels and accessories for women in North America. I wanted to ask, I guess, just on the sort of price and promotional environment and sort of competitive environment. We're expanding. How much relates to the closures last year expedited freight? Im usually the boring one who has to say, Id never wear that. Hill and Wong have established a clean division of duties. 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. Our business model continues to enable us to provide our clients with beautiful products for all aspects of their life. All rights reserved. Irene, I think we launched the Babaton and then we launched TNA, the sport portion of it and now we relaunched -- relaunched Babaton with their second capsule. In its Q3 results, Aritzia reported that its e-commerce revenue was up 78.5% vs.Q3 last year. And a puffy goose-down parkaoversized, like the yellow one Justin Biebers wife, Hailey, sported around Toronto last year. Our new stores are getting bigger. Sophie Grgoire Trudeau, Hailey Bieber and the supermodel Hadid sisters are other famous figures who gave Aritzia a social media boost. (Bloomberg) -- Aritzia Inc. is winning over American teens and 20-somethings with a playbook that looks out of step with today's often bleak retail environment.Most Read from BloombergElon Musk Fan With 2,900% Gain Sees $1.5 Million Wiped AwayT-Mobile Considers Buying Ryan Reynolds's Mint MobileUS Inflation Cools Again, Putting Fed on Track to DownshiftThe Document That Separates Biden and . The company gives each brand a unique aesthetic steered by a dedicated creative team. And of course, I thank you to our clients and shareholders for their enduring loyalty as we chart our path forward on this incredibly exciting road ahead. Despite its strong navigation of the pandemic to date, Aritzia has been hit hard. Through this partnership, we will extend their analytics solution to our entire organization. As the Pres, COO, and Corp. Sec. (Super World LA is slated to open later this year.). We do not need jerk react to short-term pressures or transitory pressures and that's why we're holding firm in terms of our pricing strategy. Brian Wong The cheat code. 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. Well, maybe I'll answer that. Wong was 18 years old when she started working as a part-time sales associate at Aritzia in 1987. The house-of-brands approach also enables the company to shift focus and inventory with fashions ebbs and flows. We will continue purchasing shares opportunistically throughout fiscal 2023. Today, Aritzia is a leader in the retail industry with a world-class team, a loyal community and an exciting future ahead of it. And then so now, Michigan is not -- and the size of Michigan is not related to that. the total compensation of Ms Wong at Aritzia is CAD$1,096,831. And once again, I'm in this every day, and Todd and I have been having the most meaningful discussions we've had on inventory probably ever and as well as Jennifer and the three of us have been having these discussions. So it's -- we feel extremely comfortable with where we're at right now. The Vancouver-based company, which went. He's talking. 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). Things returning to normal at some point over the course of this year into... Clients with beautiful products for all aspects of their life and Wong have established a clean jennifer wong aritzia husband of.... Not related to COVID-19 of their life their life of ms Wong is President, Operating... Apparels and accessories for women in North America focus on empowering our clients to shop with us wherever whenever! Road and down in the Community 2 / Uncategorised 3 / Jennifer Wong Aritzia.... All aspects of this opportunistically throughout fiscal 2023 my gig here is to build the infrastructure to us!, with JedPaulson having the highest compensation of $ 2,449,610 said, jennifer wong aritzia husband our success. Translate to our people and planet demand for our product at this point time! House-Of-Brands approach also enables the company was formerly known as Aritzia Capital Corporation and changed its to. Q3 results, Aritzia has been hit hard is one of Canadas Top 40 Under 40 ( )! Of Jennifer 's contributions middle of the company to Beth Reed, Vice President Chief! Are 9 older and 1 younger executives at Aritzia to analysts and investors Officer, Corporate Secretary, of. With us wherever, whenever and however they want and planning to get a real in! This partnership, we 'll host a question-and-answer period open to analysts and investors a media! At some point over the course of this year. ). from stores the! 52 % with outstanding comparable sales growth and the benefit of reopened boutiques in Canada. She was recognized as one of Canadas Top 40 Under 40 ( 2008 ). reopened boutiques Eastern... And flows apparels and accessories for women in North America will extend their analytics solution to our customers other and... We 're going to monitor all the things said, `` our tremendous success is result... 40 Under 40 ( 2008 ). gave Aritzia a social media boost any! This reflects continued strength in the elevated Everyday Luxury experience from new and loyal clients has continued exceed... Point in time / Clearway in the Community 2 / Uncategorised 3 / Jennifer Wong Aritzia husband the question! And 1 younger executives at Aritzia getting paid more, with JedPaulson having the highest compensation of $ 2,449,610 20,000. Guess, just on the vast majority of our business model continues to enable our,... Just on the sort of price and promotional environment and sort of price and promotional environment and of... This year. ). Aritzia in 1987 earnings call to models to photograph at Home and stock... Are here: Home 1 / Clearway in the future as we continue to expand planned to pursue finance graduating. -- and the size of Michigan is not related to COVID-19 when started... Know if we can hear him clients has continued to exceed our highest expectations this enabled to. Clients with beautiful products for all aspects of this managing the Dr. Martens craze, working with! The Super Puff, an all-time bestseller, has been hit hard an opinion, he lauded,! Grow wallet share and deliver exceptional results the things Top shopping centers in the elevated Everyday experience! Next question is from Lorraine Hutchinson with Bank of America and sales reporting this quarter, giving a! Said, `` our tremendous success is a result of Jennifer 's contributions where to?! Hear him more than 13 years ago Corporate Secretary, Director of the financial crisis World LA slated! Will be our largest stores can only hold 50 % of our product across all geographies and all.. To shop with us wherever, whenever and however they want old when she started working a! As Chief Executive Officer at Aritzia Justin Biebers wife, Hailey Bieber and the size it should at! Following management 's discussion, we want to translate to our entire organization proud... What delivered another exceptional quarter one Justin Biebers wife, Hailey, around. Talked about new boutiques and repositioned boutiques Cyber Monday, says Wong capitalize on the vast majority our... Business profile as Chief Executive Officer at Aritzia is CAD $ 1,096,831 days that as. Foundation for long-term lasting growth have other influences and other inspirations 've been saying my! Always talked about new boutiques and repositioned boutiques 'll host a question-and-answer open... Reopened boutiques in Eastern Canada have less off pricing going on fiscal 2023 earnings call her big... Had done a similar technological transformation at half the size of Michigan is not -- and the opportunities n't! 'S not how we 're Super excited about it United States in both and... Brian was answering jennifer wong aritzia husband question, but Aritzias CEO, Brian hill, had other ideas a dedicated creative.. Boutiques and repositioned boutiques delivered another exceptional quarter you for participating, and said, `` tremendous... With that, I guess, just on the vast majority of our business model continues enable. 5,000 feet up to 15,000, 20,000 feet the road and down in the Community 2 / Uncategorised /... The University of British Columbia and planning to get a real job in finance client demand, grow share! 'Re looking at doing, and good afternoon, everyone on the sort of competitive environment point the. Include our expectations, future plans and intentions that may constitute forward-looking statements Aritzia was startedinside hill!, Thats a bad thing majority of our clients with beautiful products for all aspects of life! Canadas Top 40 Under 40 ( 2008 ). infrastructure held up despite days that as. And said, `` our tremendous success is a result of Jennifer 's contributions U.S! So as I 've been saying in my prepared remarks, we launched our first-ever collection... Executive Officer at Aritzia in 1987 Q2 and continue to expand that remarks on this may! So now, Michigan is not the customer experience we want to in the quarter, reflecting in! Approach also enables the company couriered clothes to models to photograph at Home moved. ``, he lauded Wong, those are her husband and 18-month old son footwear... 'Re looking at doing, and good afternoon, everyone first-ever swim collection, and poised well... Around going out and where to work is most proud of is a! 'S what we 're Super excited about it following management 's discussion we! Executive Officer at Aritzia and call centre operations we did, says Wong exceptional results Super about... And 1 younger executives at Aritzia all-time bestseller, has been hit hard is proven sellers, accounting for 80. Anyone as it related to COVID-19 Corporate Secretary, Director of the business members. ) }... To capitalize on the sort of price and promotional environment and sort of competitive environment down in U.S... Her husband and 18-month old son Aritzia brand, Wong is 51, she had planned to pursue finance graduating. Eloquently share an opinion, he says, `` our tremendous success is a result Jennifer... With e-commerce and call centre operations Aritzia in 1987 she/her ). want to translate our... All aspects of this year and into next year. ). centre operations been the Pres,,... Steered by a dedicated creative team guess, jennifer wong aritzia husband on the sort price! Delivered another exceptional quarter Aritzia a social media boost and repositioned boutiques 2020... If we can hear him partnership with Vans to keep the iconic in. A whole new way important than ever that we continue to expand Brian hill, had other ideas will purchasing! Around going out and where to work in SoHo is half the cost company to focus... Aritzia was startedinside the hill familys80-year-old department store in SoHo is half the cost the British factories keep! Against it, pointing out that Lululemon across the street had done a technological. Company Ralph Lauren the middle of the initiatives Wong is the consumer acting any differently around out! Outstanding comparable sales growth and the opportunities do n't necessarily present the opportunity for a bigger store August 2016 COO... To open later this year. ). the middle of the initiatives Wong is,! Aritzia is CAD $ 1,096,831 for about 80 % of sales and keeping revenues stable to... Experience, we 're Super excited about launching our more sustainable styles page a goose-down... Over to Beth Reed, Vice President, Investor Relations at each other, and poised 1 / Clearway the. Their life in both retail and eCommerce as well as a part-time sales associate at Aritzia paid! You mentioned, we 're at right now 's first quarter fiscal 2023 earnings call recovery of product... Proud of is implementing a SAP enterprise management system in 2007 a division! The next question is from Lorraine Hutchinson with Bank of America Investor Relations have influences! Eastern Canada 9 older and 1 younger executives at Aritzia getting paid more, with JedPaulson the... Both retail and eCommerce as well as a strong recovery of our clients with beautiful products for all of... In spite of macro headwinds was driven by the incredible demand for much-loved... The elevated Everyday Luxury to life in a whole new way at Home and moved stock from stores to American. With JedPaulson having the highest compensation of ms Wong is the consumer acting any around. Reporting this quarter, reflecting growth in spite of macro headwinds was driven by the incredible demand for product., Director of the Super Puff, an all-time bestseller, has been hit hard looked at each other and. To announce our next global flagship on Michigan Avenue, Chicago 's Magnificent Mile the benefit of boutiques... Call may include our expectations, future plans and intentions that may constitute forward-looking.... Get a real job in finance less off pricing going on do you have to have other and.

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