TMCnet News
TechStyle Fashion Group Recognized by the National Retail Foundation's STORES Magazine as #7 Fastest-Growing RetailerTechStyle Fashion Group, the leading global fashion membership commerce company, has been named one of the country's fastest-growing retailers by the National Retail Foundation's STORES Magazine as part of the annual Hot 100 Retailers ranking. Recognized for the company's continued growth across brands, TechStyle Fashion Group has been ranked #7 overall with a 29% Year-of-Year sales growth rate, alongside other digital disruptors such as Blue Apron, Chewy.com and Amazon. STORES Magazine noted that the 2017 list reflects the changing nature of retail, in which unique offerings, personalized experiences and innovation are integral components to sustained growth. TechStyle's inclusion on the prestigious ranking comes on the heels of a momentous past year for the company, in which its brands JustFab, Fabletics, FabKids and ShoeDazzle continued to differntiate themselves by enhancing the value provided to VIP Members. New partnerships, expanded membership perks and technological advancements powered by TechStyle's proprietary software suite, FashionOS, drove significant revenue growth as well as an increase in the company's membership base. "The recognition by the NRF and STORES Magazine is a direct result of the incredible, innovation-driven team at TechStyle that is behind our beloved brands," said Adam Goldenberg, Co-CEO and Co-Founder, TechStyle Fashion Group. "From our design and merchandising teams to our data analysts and engineers, our employees are dedicated to challenging the status quo and reimagining how things are done in the fashion business. It's a thrill to have their efforts and continued success recognized by STORES." The Hot 100 list of fastest-growing retailers, compiled by research firm Kantar Retail and published in the August issue of STORES, is based on sales growth in 2016 over 2015 and ranks both public and privately held retail companies by U.S. domestic sales. ABOUT TECHSTYLE FASHION GROUP: TechStyle Fashion Group is a global fashion and lifestyle company founded in 2010 to deliver access, quality and style for unprecedented value. TechStyle Fashion Group uniquely merges advanced technology with the latest fashion trends to offer an entirely new shopping experience to millions of customers worldwide, including 4 million VIP Members, through a portfolio of apparel and shoe brands. TechStyle Fashion Group is reimagining the business of fashion through data, personalization and vertical integration to benefit the modern shopper. TechStyle Fashion Group's brands include JustFab, Fabletics, ShoeDazzle and Fabkids, and are available in the US, Canada, the United Kingdom, Germany, France, Spain, Sweden, Denmark and the Netherlands. www.TechStyle.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20170803006389/en/ |
