Friday, 1 October 2021

Rihanna's $1 billion Savage X Fenty lingerie brand plans to open physical stores in the US in 2022, putting it head-to-head with the rebranded Victoria's Secret

Rihanna's Savage X Fenty
Savage X Fenty was valued at $1 billion in early 2021.
  • Rihanna's Savage X Fenty is opening stores in the US in 2022.
  • The brand has made been praised for its attention to size, race, and gender inclusivity.
  • The stores would put it in more direct competition with Victoria's Secret, which is in the midst of a major rebrand.
  • See more stories on Insider's business page.

Rihanna's billion-dollar underwear brand, Savage X Fenty, will open its first physical stores next year.

In an interview with Bloomberg, the brand's chief marketing and design officer, Christiane Pendarvis, said that you'll "absolutely see some stores in 2022" in the US, without specifying where. The brand would also consider stores in Europe in the future, she said.

The company has tested pop-up stores, but it largely operates online - which cuts out some potential customers who want to try underwear before they buy, Pendarvis said.

"Fit and comfort are so important," Pendarvis said, adding that there are "customers who don't feel comfortable purchasing online."

Savage X Fenty has made waves in the industry with its body-positive campaigns and runways shows featuring plus-size and pregnant women. It has been praised for its attention to size, race, and gender inclusivity, and stocks sizes up to a 4XL.

A lack of inclusivity, in both marketing and product, is something lingerie giant Victoria's Secret has long been criticized for. This year, the company launched a major rebrand to update its marketing, stores, and products, adding new items - such as maternity bras - for the first time.

Savage X Fenty's push into brick and mortar puts it in direct competition with Victoria's Secret on the ground. Victoria's Secret has 871 stores across the US and Canada.

Read the original article on Business Insider


from Business Insider https://ift.tt/3CWMaFs

No comments:

Post a Comment

TSMC's Phoenix chip factories likely won't erase the US's reliance on Taiwan

Some US businesses could rely on TSMC chips made in Taiwan for the foreseeable future. SAM YEH/AFP via Getty Images TSMC's Phoenix ...