According to the Huffington Post, Fabletics has made incredible gains by tapping into the immense power of the crowds. By capitalizing on the shift in consumer habits, Fabletics transformed into a behemoth eCommerce giant with a market value of a billion dollars. The online fashion brand started its journey to the top in 2013. Since then, the innovative company has witnessed in excess of 200% growth rise and it now reports annual revenues of over $235 million. The brand is owned by the dynamic duo of Kate Hudson, Adam Goldenberg, and Don Ressler.
A top executive at TechStyle Fashion Group, Mr. Shawn Gold told the Huffington Post that the company’s success was brought about by user reviews. Fabletics knows that the modern online shopper is more inclined to order and buy goods that have a ton of overwhelmingly positive reviews and ratings as opposed to a product that’s yet to be reviewed. Additionally, consumers tend to recommend and refer products with many positive reviews to their friends and families.
Peter Holten Muhlmann is the CEO and Founder of Trustpilot and his golden advice to smart brands is that they should leverage the power and feedback from their customers. Peter reckons that most online consumers don’t trust a majority of the retailers out there today. A consumer research survey conducted by BrightLocal shows that 84% of people make their shopping decisions after consulting with close acquaintances and after reading the online reviews on that particular item.
Another study by the L2 Research firm showed that the number of eCommerce stores and retail websites allowing reviews shot upward by 70% in the past couple of years alone. Customers rely on the shared reviews to get vital info about the particular products before paying. But, then again, not all reviews can drive up the customer retention rate. No, the testimonials have to be 100% genuine and from verified buyers.
Amazing Kate Hudson
Talking to the press during the induction of pop star, Demi Lovato into the Fabletics fraternity, Kate was ecstatic about the great strides her brand had made so far. Kate’s dream is to empower women with elegant, stylish albeit affordable clothes that leave them exuding with confidence.
To read more about the uphill struggle that defined Fabletics journey to the top of the fashion retail niche, here’s a link to an insightful piece shared by Forbes. Before we part ways, we would like to welcome you to try the simple lifestyle quiz developed by Kate’s team. Judging from your responses in the quiz, the staff at Fabletics are able to discern your fashion tastes and preferences and make recommendations if you become a member.
Check out their official online retail store and select the membership package that you feel most comfortable with. Membership sets you up for numerous excellent services that include, getting real-time updates every time Fabletics updates their inventory. Don’t be shy to request the massive price-cuts and other discounts that are always on offer to loyal patrons.