Fabletics

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Fabletics
Private
Industry Retail
Founded July 2013 (2013-07)
Founder Adam Goldenberg
Don Ressler
Kate Hudson
Headquarters El Segundo, California, U.S.
Area served
Worldwide
Key people
Don Ressler, CEO
Products Women's sportswear and footwear
Services Online subscription
Revenue $235 million[1]
Parent TechStyle Fashion Group[2]
Website fabletics.com

Fabletics is an American online subscription retailer that sells women's sportswear, footwear and accessories, commonly referred to as "athleisure."[3][4][5] The company is best known for its e-commerce business approach and also has 22 brick-and-mortar stores.[6] It offers its members personalized outfits chosen for them based on their lifestyle and fashion preferences[7] and claims to be "all inclusive" with a range of sizing.[8] It is a subsidiary of JustFab, which re-branded to TechStyle Fashion Group in August 2016.[9][10]

History[edit]

Fabletics was founded by Adam Goldenberg, Don Ressler and Kate Hudson in July 2013[11] and officially launched on October 1, 2013.[12][13] In June 2015, Fabletics launched FL2, its men's activewear line with Kate Hudson's brother and actor, Oliver Hudson.[14] In March 2016, the company expanded its inventory beyond athletic wear by adding dresses and swimsuits.[15][16] The company has repeated gained press exposure for their advertising tactics; including targeting competitor Lululemon and using footage shot by Hudson on her cell phone.[17][18] According to Forbes, Fabletics has increased its revenue by 35% each year, with a valuation of $250 million within its first three years of business. The company uses pop-up stores and crowd marketing to increase membership.[19] In these locations, Fabletics stocks apparel based on analytics of its online trends.[6] The company added collections for dresses and swimwear in the spring of 2017.[20] In September 2017, Fabletics announced its first line of official footwear including slip-ons, lifestyle sneakers, and workout shoes.[21][22]

Locations[edit]

In September and October 2015, Fabletics opened its first brick and mortar retail stores in malls owned and operated by Westfield and General Growth Properties Inc. In February 2016, Forbes reported that 75 to 100 Fabletics stores are scheduled to open over the next three to five years.[23]

Partnerships[edit]

Hudson was named the ambassador for Fashion Targets Breast Cancer with Fabletics partnering on a pink capsule collection to support breast cancer awareness.[24] In May 2017, the company announced a collaboration with singer Demi Lovato in support of the United Nations Foundation's Girl Up campaign.[25]

References[edit]

  1. ^ Wertz, Diana (4 August 2017). "Why Successful Brands Like Fabletics Leverage the Power of the Crowd". Huffington Post. Retrieved 3 September 2017. 
  2. ^ Hamanaka, Kari (21 November 2016). "TechStyle's TechFirst Strategy Has It on Course to Hit $1B". Women's Wear Daily. Retrieved 3 September 2017. 
  3. ^ "How Kate Hudson's Fabletics is cashing in on the athleisure craze". Yahoo Finance. 16 August 2016. 
  4. ^ Young, Katy Young (October 16, 2013). "Fabletics: Kate Hudson's new workout gear". Telegraph.co.uk. Retrieved November 20, 2013. 
  5. ^ "Fabletics". JustFab Inc. 
  6. ^ a b Paul Armstrong (16 November 2016). "How Kate Hudson's Fabletics Is Taking On Amazon". Forbes. Retrieved 18 December 2016. 
  7. ^ MacVean, Mary MacVean (November 2, 2013). "It's workout time with Kate Hudson, who's wearing her Fabletics gear". Los Angeles Times. Retrieved November 12, 2013. 
  8. ^ Kell, John (19 October 2016). "Kate Hudson: It's Important Fabletics Is "All Inclusive"". Fortune. Retrieved 3 September 2017. 
  9. ^ "JustFab Rebrands as TechStyle". Apparel. 18 August 2016. 
  10. ^ "JustFab Changes Name to TechStyle Fashion Group". Women's Wear Daily. 18 August 2016. 
  11. ^ Leibowitz, Lauren (July 9, 2013). "Kate Hudson's 'Fabletics' Line Coming To JustFab This Fall". Huffington Post. Retrieved November 12, 2013. 
  12. ^ "Kate Hudson's Fabletics Line Launches Today: Will You Shop It?". People.com. October 1, 2013. Retrieved November 12, 2013. 
  13. ^ Lestch, Corinne Lestch (October 2, 2013). "Kate Hudson starts athletic apparel and accessories line Fabletics". New York Daily News. Retrieved November 20, 2013. 
  14. ^ Hughes, Aria Hughes (June 4, 2015). "Kate Hudson and Oliver Hudson Celebrate FL2 Launch". Women's Wear Daily. 
  15. ^ Bonner, Mehera Bonner (March 29, 2016). "Kate Hudson to the Lazy-Girl Rescue: Steal Her Secrets for Wearing Athleisure at Night". Marie Claire. 
  16. ^ Erdogan, Melodi Erdogan (April 5, 2016). "When Do Fabletics Dresses Come Out? Shop These Athleisure Styles, Stat". Bustle. 
  17. ^ Finger, Bobby (30 November 2015). "Kate Hudson's Fabletics Targets Lululemon, Visible 'Pussy' in New Commercials". Jezebel. 
  18. ^ "Kate Hudson Makes Her New Fabletics Spot 'Feel Like You're Scrolling Through Her Instagram Feed'". Adweek. 28 July 2016. 
  19. ^ Wertz, Diana (2017-08-04). "Why Successful Brands Like Fabletics Leverage the Power of the Crowd". Huffington Post. Retrieved 2017-08-17. 
  20. ^ Kaiser, Amanda (17 November 2016). "Kate Hudson's Fabletics Plans Aggressive Retail Expansion". Women's Wear Daily. Retrieved 3 September 2017. 
  21. ^ Kari Hamanaka (19 September 2017). "Kate Hudson's Fabletics Launches Women's Footwear Push". WWD. 
  22. ^ Renee Cherry (19 September 2017). "Fabletics Just Launched Their First Line of Shoes". Shape. 
  23. ^ Chapman, Adele (February 15, 2016). "Fabletics Plans to Open 100 Stores in the Next Few Years". Racked. 
  24. ^ Chabbott, Sophia (28 September 2016). "Kate Hudson Talks Fitness and Style as She Takes on Ambassadorship of Fashion Targets Breast Cancer". Women's Wear Daily. Retrieved 3 September 2017. 
  25. ^ Tom Ward (June 6, 2017). "Kate Hudson: From 'Almost Famous' To Fabletics Greatness". Forbes. 

Further reading[edit]

External links[edit]