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ModCloth

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ModCloth
Company typePrivate
IndustryRetail, apparel, e-commerce
Founded2002 in Pittsburgh, Pennsylvania
FounderEric Koger
Susan Gregg-Koger
HeadquartersSan Francisco, California, United States (2010)
Key people
Matthew Kaness, Chief Executive Officer[1]
Susan Gregg-Koger, Chief Creative Officer
Eric Koger, Co-Founder
ProductsClothing, accessories, decor
Revenue$150 million+ (2014)[2]
Number of employees
350+[3]
Websitewww.modcloth.com

ModCloth is an American online retailer of vintage-inspired and indie clothing, accessories and decor.[4] The company is headquartered in San Francisco[5] with an office in Los Angeles,[6][7] and a joint office/fulfillment center in Pittsburgh.[8]

History

ModCloth was launched as a website in 2002.[9][10] It relocated headquarters from Pittsburgh's Strip District to San Francisco in 2010.[11] In 2012, the company had 50% year over year growth[12] with $100 million in retail sales.[13] In 2014 the company pledged not to make excessive use of Photoshop in their advertisements.[14] In 2015, ModCloth opened two pop-up stores. The first was a three-day event in Los Angeles while the second is still operating in San Francisco after opening in July.[15]

Reception

2013

  • No. 19 on “World’s 50 Most Innovative Companies” list by Fast Company.[16]
  • No. 14 on “Most Innovative Social Media Companies” list by Fast Company.[17]

2012

  • Founders Susan and Eric Koger named to Forbes' “30 Under 30” list for Art & Style.[18]

2011

  • Founders Susan and Eric Koger named to Forbes' “30 Under 30” list for Technology.[19]
  • Co-founder and CCO Susan Koger named a Champion of Change by The White House.[20]

2010

  • “#2 Fastest-Growing Private Company in America” - Inc. [21]
  • “America’s Fastest-Growing Retailer” - Inc.[22]
  • ModCloth was ranked #2 in Inc.'s Inc. 500 list in 2010.[23]
  • Eric Koger named Entrepreneur of the Year for the Upstate New York, Western Pennsylvania and West Virginia region in the eBusiness category[24]
  • ModCloth receives a Webby Award for Best of the Web for Retail.[25]

2009

  • Founders Susan Gregg-Koger and Eric Koger named no. 2 and no. 3 30 Under 30: America's Coolest Young Entrepreneurs by Inc. (Magazine[9]

References

  1. ^ http://techcrunch.com/2015/01/12/modcloth-co-founder-eric-koger-exits-role-as-ceo-urban-outfitters-matthew-kaness-joins/
  2. ^ http://www.bloomberg.com/news/articles/2015-08-31/modcloth-plans-vast-expansion-under-new-ceo
  3. ^ http://www.sfgate.com/business/article/ModCloth-goes-from-clicks-to-bricks-with-S-F-6413170.php
  4. ^ ModCloth About Us
  5. ^ SFGate ModCloth Company Headquarters Info
  6. ^ ModCloth Crunchbase Profile
  7. ^ Coast Savings Building Sells for $16.5 Million
  8. ^ ModCloth Careers Page
  9. ^ a b Inc. Magazine's 30 Under 30: America's Coolest Young Entrepreneurs
  10. ^ 30 Under 30 2009 - Susan Gregg Koger, Eric Koger
  11. ^ http://www.post-gazette.com/stories/business/news/retailer-modcloth-credits-pittsburgh-team-for-company-growth-698514/
  12. ^ ModCloth’s 2012 ends shipping 1.2m orders, now with 1,200 featured designers, holiday requests up 52%
  13. ^ "ModCloth, Now With Over $100 Million In Annual Revenue, Is Going Mobile First".
  14. ^ Adamczyk, Alicia. "ModCloth Is First Retailer To Sign Anti-Photoshop Pledge". Forbes. Forbes Inc. Retrieved 4 September 2015.
  15. ^ http://www.cambio.com/2015/07/31/modcloth-just-opened-a-fit-shop-and-its-amazing/
  16. ^ World’s 50 Most Innovative Companies
  17. ^ The Most Innovative Social Media Companies
  18. ^ 30 Under 30: Art & Style
  19. ^ 30 Under 30: Technologye
  20. ^ Champions of Change
  21. ^ First Round Capital
  22. ^ America's Fastest Growing Retailer
  23. ^ Inc. magazine, September 2010
  24. ^ CEO of ModCloth, Eric Koger, Wins Entrepreneur of the Year
  25. ^ The Webby Awards