CEO of Thinx says now is the 'perfect time to expand into activewear' - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 63 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 51%

Nigeria News News

Thinx CEO reveals why now is the 'perfect time to expand into activewear' after the feminine care brand increased revenue by 48% in 2020

Thinx launched its first collection of period-absorbent activewear, including leggings, shorts, and leotards.

The feminine care brand just launched its first athletic apparel collection, introducing a line of products that includes leggings, cycling shorts, training shorts, and leotards. Like its popular underwear, each item features period-absorbing technology that comes in varying absorbency levels ranging from two to five regular size tampons.

The new line also arrives on the heels of an especially successful year for Thinx. The company is among the few retailers to have grown sales during the pandemic, as consumers sought out alternative menstrual products online amid drugstore shortages of essential items.when sales were up 40% compared to the same time the year prior. By the end of 2020, Thinx had reached $80 million in revenue, an increase of 48% from 2019.

Though Molland acknowledged the time was ripe to drop an activewear collection, she said the effort had been several years in the making and was a response to ongoing feedback from customers who"wanted leggings and updated sportswear for their periods." For Molland — who took over as chief executive in 2017 after the departure of CEO and founder Miki Agrawal, following— consumer education has been a major priority during her time at the helm of Thinx.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside Exxon Mobil's 'God Pod' - Business InsiderBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »

How a quest to build ethical AI detonated a battle inside Google - Business InsiderGoogle employees consider jumping ship for Facebook and Microsoft after firings, reorgs and mounting tension in its AI division Google/YouTube are crooks. They stole my 9/11 video. They disrespect 9 /11 survivors. 911TribMuseum techinsider not sure they're going to be satisfied with the state of ethical AI at FB techinsider Jumping ship? That is really funny. They must be reading the stuff I write? And it is also the reason why sundar is in charge - gummy and slopey made a huge devious mess then jumped ship.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside the ultra-premium aircraft Singapore Airlines is using for world's longest flight - Business InsiderThe new world's longest flight is getting an upgrade as Singapore Airlines builds back up in the US — see inside the luxurious plane
Source: BusinessInsider - 🏆 729. / 51 Read more »