Category Archives: Fashion

How Fabletics Differentiates Itself From Wal-mart, Target, Under Armor and NIKE

The fashion industry is such a big industry that all types of stores are involved in it on some level. Even discount mass merchandisers like Wal-mart and Target have gotten themselves involved in the industry. However, they do not have all of the creativity that Fabletics has. Even with activewear companies like Under Armor and NIKE, there is a limit to the creativity of these items. Therefore, people who want something unique would have to make some adjustments to these items. However, Kate Hudson has brought something new to the industry. This company is called Fabletics, and this company is doing a lot of things differently with the clothes that are offered.

 

The first thing people will notice about the clothes is that while they are essentially workout clothes, they come with designs that make them really fun to wear. People who try on these Fabletics outfits are going to experience a greater level of confidence. They approach their fitness with a greater energy than with clothes from other brands. This is one of the reasons that customers are attracted to the company as a whole. People not only get to see the differences in the items but also feel the difference in these items.

 

Another more important aspect of the success of Kate Hudson’s Fabletics brand is the marketing. She has used a lot of different approaches that not only encouraged but also inspired people to wear Fabletics brands and enjoy the styles they can come up with. One of the best things about Fabletics clothing is that it is not just designed for working out, but also other occasions like dating, workplace events, family gatherings and other events.

 

Perhaps the best way that Fabletics differentiates itself from Wal-mart and the other stores that sell fashion is that it is subscription based. The subscription works when it comes to saving customers money. For one thing, Kate Hudson was passionate about finding a way to save money for the customers without having to resort to unethical means of providing clothes. Everyone that is making the clothes is fairly compensated and cared for.

Kate Hudson And Fabletics Take Aim At Amazon

In the story of David and Goliath, not too many people gave David a chance. But David wound up having the last laugh. Today, Kate Hudson and her company Fabletics are taking on modern day retail Goliath by the name of Amazon.

 

Hudson has grown Fabletics into a $250 million business in just three short years by selling athletic clothing directly to consumers. By combining an aspirational brand with the convenience of a subscription membership, Fabletics has grown by 35 percent year over year.

 

It is that stellar growth rate that has given Hudson and company the confidence to take on Amazon. This will be no small feat given that Amazon controls 20 percent of the online fashion market.

 

According to Fabletics General Manager, Gregg Thorgmartin, it is the company’s membership model that will allow them to take on Amazon. By using customer data they can offer personalized service to their customer and reduced costs.

 

  1. Reverse Showrooming

Most brick and mortar retail stores lose money when customers come into the shop, browse for items and then go home and buy them online for a cheaper price. Fabletics does not have that problem. In fact, the encourage it.

 

The company currently has 16 retail stores throughout the country and is planning on opening more in the coming year. Because they have started out as a membership-based retailer, 30-50 percent of customers who walk into their retail stores are already members. Once a member tries on a particular item of clothing it will go into their online shopping cart and they can complete the purchase online at their convenience.

 

In addition, 25 percent of customers who walk into the store sign up for membership right there and then. It is not important to Fabletics where their customers make purchases. For them, the retail store is just another facet of their customer service.

 

  1. Big Data

Fabletics understands the personalization is key to their customer’s shopping experience. The company works hard to present to right product to the right customer at just the right time, making the buying decision effortless.

 

As such, the inventory of each retail store is determined by the data of local members. This ensures the store will most likely carry items that local consumers want. As trends change so will store inventory.

 

  1. People And Culture

At its heart, Fabletics is about customer experience. They work tirelessly to give their customers exactly what they want while promoting an active lifestyle. This attention to customer service has created a community of loyal customers. These delighted customers will turn into brand evangelists and help the company grow.

 

Competing with Amazon will not be easy. However, Fabletics has built a foundation of happy customers and used technology to its full advantage. By combining both they are sure to give Amazon a run for their money.