adam goldenberg
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Like plenty of other modern direct-to-consumer companies, influencer marketing has been an essential part of Fabletics’ journey. Actress Kate Hudson co-founded the company and co-CEO Adam Goldenberg believes that its network of spokespeople has been key to the company’s growth.
We were joined on our virtual TechCrunch Disrupt 2020 stage by Goldenberg and comedian Kevin Hart, who has been working as a brand partner for Fabletics.
“You can have the best product, which we believe we have, but if you can’t get it out there then you’re not going to be the leader that you want to be,” Goldenberg told us. “By having a very broad and diverse ambassador and influencer network, it allows us to become a very inclusive brand.”
Hart joined the company as an official brand partner earlier this year just as the pandemic took hold stateside and the company launched a menswear line. For Hart, the partnership is one of many relationships with brands and startups, but fits into his own lifestyle and thus made a lot of sense for him to work with, he says.
“[A company I invest in] has to coincide with myself and my lifestyle. If I’m going to talk about it, I have to be true to it,” Hart told TechCrunch. “There’s a plethora of things that I’m involved with that people would be shocked to know I was a part of, but it’s because I have the eyesight for it and a love for it.”
The Fabletics menswear line that Hart has advertised, and served as a brand spokesman for, has seen major growth amid a broader spike in athleisure wear sales. Goldenberg is bullish on just how much growth Fabletics will see from its men’s line so early in its life cycle.
“It’s a big goal, but I think we could do $75-100 million in sales next year with Fabletics Men, which is our first full year with this line, which would be very, very fast growth,” Goldenberg says.
As the company firms up its offering in activewear, they’re also keeping an eye on what trends will help them grow. Fabletics has already been building out technology trying to connect online and offline user habits in its stores. On the heels of Lululemon’s major acquisition of Mirror, which it announced in late June, moderator Jordan Crook inquired whether Fabletics had its own interests in expanding its footprint beyond activewear.
“We really believe in the importance of living an active lifestyle, so we’re not ready to share it yet, but we’re going to be doing something very large incorporating fitness into Fabletics,” Goldenberg said.
Check out the interview with Hart and Goldenberg below.
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Rise, shine and build your business startup fans. It’s day four of Disrupt 2020, and this is your daily snapshot of just some of the heavy-hitters, events, breakout sessions and all-around opportunity that’s yours for the taking.
Looking for the complete lineup? You’ll find it in the Disrupt agenda. Note: unless otherwise stated, all times are PST. Kicking yourself for not jumping on the opportunity bandwagon? Simply buy a Disrupt pass here, and kick your regrets to the curb.
Buckle up, folks — you’re in for a great day.
Athleisure wear is one of the hottest trends in retail, and it’s certainly a popular work-at-home wardrobe during a pandemic. Head to the Disrupt Stage and join comedian/tech investor Kevin Hart and Fabletics’ Adam Goldenberg for Retail is in the Details. They’ll talk about the company’s future and the type of tech Hart may invest in next (9:05 a.m. – 9:30 a.m.).
Everybody loves robots, but not many people know more about them than Boston Dynamics’ Robert Playter. You’ll find him on the Disrupt Stage talking about the company’s transition from robotics research to commercial production. Don’t miss Putting Robots to Work (10:00 a.m. – 10:20 a.m.)
We trust you haven’t missed a minute of the always-thrilling Startup Battlefield pitch competition. Still, a reminder never hurts. Session four takes place on the Disrupt Stage. Don’t miss watching today’s cohort lay it all on the line for a shot at $100,000 (10:40 a.m. – 11:45 a.m.).
Okay folks this session, Under the Radar, is a big, big deal. Legendary VC and Silicon Valley force of nature, Benchmark’s Peter Fenton joins us on the Disrupt Stage for a rare interview. Topic? The future of startups and venture capital (11:45 a.m. – 12:05 p.m.).
Head to the Extra Crunch Stage for product development tips from current and former product heads at places like Facebook, Zoom, Slack, Hulu and Oculus. Zoom’s Oded Gal, Advisor’s Eugene Wei, Slack’s Tamar Yehoshua and Inspirit’s Julie Zhuo will discuss How to Iterate Your Product (11:50 a.m. – 12:45 p.m.).
Data security is everyone’s concern — from budding startup founders all the way up to the NSA. Don’t miss Spycraft and Cybersecurity and the opportunity to hear Anne Neuberger, head of the NSA’s new Cybersecurity Directorate. She’ll take to the Disrupt Stage and discuss cyber threats, disrupting foreign adversaries and helping you improve your own cybersecurity (1:00 p.m. – 1:20 p.m.).
Whew, that rundown should whet your appetite for the day ahead. Connect, inspire, collaborate and take advantage of all the tips, advice, tools and opportunity Disrupt 2020 offers.
Still standing on the sidelines? You have two full days left to Disrupt and reject regret. Buy a Disrupt pass right now.
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