Outdoor Voices

Outdoor Voices is an American clothing company, focused on the design and sale of athletic apparel. The company was founded in 2013 by Tyler Haney in New York City, and is now headquartered in Austin.[1] The company's products are sold online and at its stores.[2] On February 25, 2020 Haney tendered her resignation, and Cliff Moskowitz, the president of a fashion-oriented private equity firm, took over as interim CEO.[3]

History

The company's founder, Tyler Haney, was motivated to found Outdoor Voices due to a love of sports and athletics.[4] She founded Outdoor Voices in 2013.[5] In early 2014, J. Crew selected the Outdoor Voices line for its stores’ "Brands We Love" sections after the line was featured in a London boutique, Garbstore.[1] The company's first store opened in Austin in October 2014. Its first pop-up shop opened in Manhattan in 2015.[6] The company was known initially for their "kits," which included a collection of tops and bottoms that could be mixed and matched for a bundled price.

Over time, Outdoor Voices raised over $9.5 million from investors like General Catalyst Partners.[7]

In 2016, Haney decided to move to Austin, Texas to focus on building a new and a bigger headquarters for the company and hired more employees including some of Haney's friends from high school.[4]

Mickey Drexler, the former CEO of Gap Inc. and J. Crew Group, Inc., became the company's chairman of the board in the summer of 2017.[8]

On April 24, 2018, Outdoor Voices launched a running collection with Hoka One One. They also released a corresponding app called O.V. Trail Shop. The app features the nearest Trail Shops where the new running collection can be found. [9]

In 2018, Outdoor Voices launched their first swimwear collection called “H2Ov”.[10]

In February 2020, in an effort to restructure the company, Haney stepped down as CEO. Outdoor Voices indicated that there will be an additional 15 layoffs across the company.[11]

Fashion collaborations

Outdoor Voices has collaborated with other clothing and exercise-related companies to produce limited run products. Collaborators include the fashion blog Man Repeller, ClassPass, French fashion label A.P.C., and Teva.[12][13][14][15]

Investment

In 2015, Outdoor Voices received $7.5 million in investments to start their active apparel line.[4]

As of March 2018, the company had raised roughly $57 million in funding.[16] Lead investors include GV, General Catalyst Partners, and Forerunner Ventures.[16]

References
  1. Rogers, Kate (May 3, 2016). "This 27-year-old CEO is taking on Lululemon and Nike". cnbc.com. Retrieved March 20, 2018.
  2. "Our Stores". Outdoor Voices. Retrieved October 26, 2018.
  3. Why All the Warby Parker Clones Are Now Imploding: How venture capital became the most dangerous thing to happen to now-troubled DTCs like Outdoor Voices, Harry’s, and Casper Maya Kosoff, March 9, 2020
  4. Andor Brodeur, Michael (May 2018). "Steady as She Goes". Entrepreneur. 46 (4): 52–57. Retrieved November 4, 2018.
  5. "Inside the Cult Activewear Label For It Girls Everywhere". harpersbazaar.com. October 14, 2016. Retrieved March 20, 2018.
  6. "The Future of Athleisure Is Looking Pretty Chill: Outdoor Voices Opens a Pop-Up in Nolita". vogue.com. Retrieved March 20, 2018.
  7. "Figure 10. Latvia has diversified its trading partners". doi:10.1787/888933926129. Cite journal requires |journal= (help)
  8. Brodeur, Michael Andor (October 9, 2017). "Investors Didn't Take Her Seriously. Then She Built Outdoor Voices, Activewear's Next Big Thing". entrepreneur.com. Retrieved March 20, 2018.
  9. Feitelberg, Rosemary (April 24, 2018). "Outdoor Voices Gives Shoppers a Jump on Running Collection With AR-Powered Trail Shops". WWD. Retrieved November 4, 2018.
  10. Margaux, Lushing. "Activewear Indie Darling Outdoor Voices Launches Its First SwimWear Collection". Forbes. Retrieved November 4, 2018.
  11. Loizos, Connie. "Outdoor Voices founder Tyler Haney says adios altogether to the company amid layoffs". TechCrunch. Retrieved March 9, 2020.
  12. "Man Repeller's Outdoor Voices Collab Includes Chocolate and a Jump Rope". racked.com. June 2, 2015. Retrieved March 20, 2018.
  13. "ClassPass Releases First Apparel Collection With Outdoor Voices". racked.com. December 7, 2015. Retrieved March 20, 2018.
  14. "Five Things T Editors Are Really Into Right Now". The New York Times. September 2, 2016. Retrieved March 20, 2018.
  15. "Outdoor Voices & Teva's Colorful Sandals Are a Summer Must-Have".
  16. Thomas, Lauren (March 13, 2018). "Athletic apparel start-up Outdoor Voices raises $34 million in latest round of funding". cnbc.com. Retrieved March 20, 2018.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.