Posted by Dale Buss on November 6, 2012 01:55 PM
The textbook case of entrepreneurial success that is Sara Blakely's Spanx shapewear brand has just written a new chapter: on Nov. 2nd, Spanx opened its first standalone retail store in the U.S., at the Tysons Corner Center in Maclean, Virginia, one of three stores opening this fall in addition to the brand's first airport boutique, at Atlanta's Hartsfield-Jackson International Airport. As the brand posted on its Facebook page, Blakely told USA Today that the opening made her feel "excited, nervous, emotional" as it made the leap into its own bricks-and-mortar retail channel.
Blakely's meteoric rise from inspired but inexperienced entrepreneur to one of the richest women in the world has been one of the most interesting stories in business over the last few years. She started out shilling her first invention — a modernized, footless hybrid of a girdle and panty hose — from a folding table in the foyer of a Neiman Marcus and would ship online orders in white Office Depot envelopes from her Atlanta apartment, as Forbes recounts.
The 41-year-old entrepreneur continued tirelessly promoting her brand to the point where, today, Spanx products are sold in more than 11,500 department stores, boutiques and online shops in 40 countries. As Forbes puts it, Spanx has become the "Kleenex" of the category Blakely invented, with revenues just shy of $250 million last year. And her success made Blakely the world's youngest self-made female billionaire.
Even so, Spanx never had operated its own stores, but it now has the cash and variety of products, including Spanx for men, swimwear and apparel, that the timing couldn't be better.Continue reading...
Posted by Shirley Brady on August 14, 2012 04:02 PM
Spanx founder Sara Blakely is now a household name, appearing in People magazine and on the cover of Forbes as the youngest self-made female billionaire in its history of ranking billionaires — all thanks to the stunning success of her cheeky brand of body-contouring shapewear.
Currently sold online and "within bigger department stores and boutiques" in 40 countries, the Atlanta-based Spanx brand that she founded with $5,000 of her life savings is gearing up to expand into standalone branded stores, starting with the U.S., in the fourth quarter.Continue reading...
Posted by Brandchannel Staff on March 19, 2012 11:29 AM
Spanx founder Sara Blakely, the youngest "rebel billionaire" to make the Forbes annual uber-rich ranking, shares her business advice in this new video for American Express OPEN.
Posted by Sheila Shayon on March 9, 2012 01:02 PM
You may remember Sara Blakely as a contestant on Rebel Billionaire, Richard Branson's 2005 reality competition series on Fox. Now she can claim the title as a rebel billionaire, and just like Branson, she's a self-made branding phenom with a flair for promotion — and she owes it all to Spanx.
Call it shapewear, support wear, body shapers, slimming intimates, "hosiery crack" — Spanx has conquered the worlds of retail, fashion and business school case studies, first by helping firm up women's wobbly bits and then, of course, men's. That's right: move over, mantyhose — Blakely got there first, one of many sparks of inspiration and innovation that have propelled her to become the first self-made female billionaire on Forbes' annual billionaire ranking.
“At 41 she’s the youngest woman to join this year’s World’s Billionaires list without help from a husband or an inheritance. She is part of a tiny, elite club of American women worth ten figures on their own, including Oprah Winfrey and Meg Whitman,” writes Forbes in a cover story on their March 26th billionaires ranking annual issue, which is now on newsstands. “Today Spanx is to slimming undergarments what Kleenex is to tissues: a brand that stands for the category.”Continue reading...