Fabletics
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| Private | |
| Industry | Retail |
| Founded | July 2013 |
| Founder | Adam Goldenberg Don Ressler Kate Hudson |
| Headquarters | El Segundo, California, U.S. |
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Area served
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Worldwide |
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Key people
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Don Ressler, CEO |
| Products | Women's sportswear |
| Services | Online subscription |
| Parent | TechStyle Fashion Group |
| Website | fabletics |
Fabletics is an online subscription retailer that sells women's sportswear and accessories, commonly referred to as "athleisure." The company is best known for its e-commerce business approach and also has 18 brick-and-mortar stores. It offers its members personalized outfits chosen for them based on their lifestyle and fashion preferences. It is a subsidiary of JustFab, which re-branded to TechStyle Fashion Group in August 2016.
Fabletics was founded by Adam Goldenberg, Don Ressler and Kate Hudson in July 2013 and officially launched on October 1, 2013.
In June 2015, Fabletics launched FL2, its men's activewear line with Kate Hudson's brother and actor, Oliver Hudson. In March 2016, the company expanded its inventory beyond athletic wear by adding dresses and swimsuits. 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. 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 to increase membership. In these locations, Fabletics stocks apparel based on analytics of its online trends.
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. Locations include The Mall in Columbia, Bridgewater Commons in New Jersey, Kenwood Towne Centre in Cincinnati, Christiana Mall in Newark, St. Louis Galleria in St. Louis, and The Village at Topanga in Woodland Hills. In February 2016, Forbes reported that 75 to 100 Fabletics stores are scheduled to open over the next three to five years. Throughout mid 2016, stores opened at locations including The Mall of America, the Summerlin Shopping Center in Las Vegas, SouthPark Mall in Charlotte, North Carolina and the Cherry Creek Shopping Center in Colorado.
Membership is free and like a subscription where VIP Members receive an email at the beginning of each month showing them the new looks and they have until the 5th of the month to decide whether they would like to shop or skip; however, members who decline to skip will be charged $49.95 which turns into a store credit that never expires. Upon registering, members are required to complete a survey regarding their workout and lifestyle preferences. At the start of each month, personalized outfits are chosen for each member based on these preferences.
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Wikipedia