Kate Hudson, the CEO of Fabletics, understands all too well the importance of fashion wear products and the dynamic nature that is associated with such commodities. Fabletics is an online subscription retail store that focuses on availing women’s products such as sports wear and accessories. The technique that is currently being used at the firm has been employed by various other business in the same market niche, but such enterprises failed since they did not understand how the market dynamics work.
As for Kate Hudson, close contact with the clients is her highest priority, and she believes that it is crucial since it helps you to understand the changes that are taking place within the market. By doing so, one will never be left behind, and a particular firm will be able to continually release products into the market that cannot be matched those that are produced by the other well-established enterprises that boast of having the greatest market share.
Additionally, different strategies and techniques should be applied in the process of designing wear products as more clients nowadays embrace fully customized products due to the desire to be unique. Kate Hudson’s Fabletics business has ended up growing extensively from a startup, and it has become one of the largest online stores that have employed the aspect of e-commerce. Over a short period of only three years, Kate has led her enterprise to be valued at over 250 million dollars, a case that has never been experienced for any other company in the wear products market.
By being in contact with other enterprises, it has become quite easy to understand the state of the market through sharing of information. The firm has ended up experiencing growth at a steady rate of about 25% due to the new clients who keep subscribing to its services on a daily basis.
In the realm of social media, Fabletics commands a lot of influence, and Kate Hudson acknowledges that this is as per the objectives of the firm since once potential clients are aware of a particular product, they go ahead to obtain more information through browsing on various search engines.
On Twitter alone, the business has whopping 21 million followers, and the list of monthly subscribers has grown to about 1.2 million in more than eight nations that are supplied with fully customized Fabletics products at a much lower price than that of the competitors. As a result of having a clear understanding of the market, Fabletics has expanded its operations, and it continues to cover more regions hence fully maximizing the company profits.