CEO’s Choice To Launch All Digital Clothing Company Was Tailor Made For The Pandemic

... [+]The last thing consumers needed in 2016 was another kids fashion brand. But former Gymboree CEO Matt McCauley came out of retirement when he saw an opportunity for classic, heirloom clothes that would be passed to the next generation, rather than the landfill. He insisted the clothes be made of organic cotton to reduce impact of chemicals and pesticides. Plus the product needed an attractive price point, like $24.95 for a girl’s skater dress or boy’s separates.

, estimated at $6.3 billion in annual revenues and growing at 6.8 percent versus the larger “fast fashion” industry of $3 trillion.was a fully digital company with low overhead and no brick-and-mortar presence. “Broadband helped us get the best talent. People want to work where they live,” he explained, noting that the chief clothing designer is based in Vermont. However investors balked at the idea that employees would only Work From Home and wanted to see the corporate office.

Hope & Henry’s employees, many who came from Gymboree, worked for sweat equity for two years until the company was up and running. There was no need to transition when Covid-19 lockdown took hold; Hope & Henry had been pioneering WFH for years. Broadband was also critical to get to customers. “If the vast majority of our customers did not have broadband, our business model wouldn’t work,” says McCauley, noting that many customers buy with smartphones using mobile networks.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

What America's CEOs are saying on inflation: We're going to charge you moreBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. …and most of that will have nothing to do with inflation. In case y’all haven’t figured this out; they are trying to ramp up inflation to make President Biden look bad and bring back Trump and the Republicans So some are admitting to price fixing bc further packages are NOT payment stimulus packages they are paid for = not contributing to further inflation but I bet they wont raise wages with their price increases or cut executive payouts in stock holdings.
Source: BusinessInsider - 🏆 729. / 51 Read more »

How CEOs Think the Covid Crisis Will Shape FlyingAmerican Airlines CEO Doug Parker and Southwest Airlines CEO Gary Kelly have steered their companies through the pandemic. Here’s what they say travelers should expect next. It's in periods of crisis, like this one we're living in, the risks and opportunities are endless... Efforts, initiatives and innovations must be put into practice to seek to exceed customer expectations. MBudha
Source: WSJ - 🏆 98. / 63 Read more »

CEOs made 299 times more than their average workers last yearThe difference between CEO and median employee pay grew in 2020 despite the pandemic and ongoing relief efforts. The average S&P 500 company CEO made 299 times the average worker's salary last year, according to AFL-CIO's annual Executive Paywatch report. Because the CEO’s value went up and the average worker’s value went down. It’s basic economics. Sad but true Free Herrin JusticeForCameronHerrin JusticeForHerrin ✊🏻🙏🏻 The people who make the products and provide the services make less than the people who do not make the products and provide the services. One of these can exist without the other.
Source: CNN - 🏆 4. / 95 Read more »

Subway CEO: We changed everything -- except our tunaSubway restaurants are getting a makeover. But they're slapping on more than just a fresh coat of paint: Subway is updating its entire menu -- the biggest change in its history. jchatterleyCNN Aka. that 'tuna.' jchatterleyCNN And still no Vegan protein options! What century are you living in Subway? SAD! jchatterleyCNN Why is this a story? C’mon cnn get it together.
Source: CNN - 🏆 4. / 95 Read more »

Interview: Brittni Popp, CEO and founder of Betchin CakesBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »

CEO explains shipping delays: 'Americans are buying more stuff'The CEO of a freight-booking company explains the reason behind shipping delays: 'It's simple, Americans are buying more stuff' ...... ✊Toc.Toc..the EU knocks on the door DONE in CHINA
Source: BusinessInsider - 🏆 729. / 51 Read more »