The Story of SPANX: 2002: Score! Company Timeline … · or tired of being blonde. When she told...
Transcript of The Story of SPANX: 2002: Score! Company Timeline … · or tired of being blonde. When she told...
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Our Story
The Story of SPANX: Company Timeline
1998: Bright Idea
• Saracutthefeetoutofherpantyhoseto
looksmashinginhercream-coloredpants.
• SaraisawardedthepatentforFootless
Body-ShapingPantyhoseandbeginsto
developherfirstproduct.
2000: In Production
Saraconvincesamilltomanufacture
her“crazyidea,”andSPANXFootless
Body-ShapingPantyhoseareborn!
2000: Hello Fame!
OprahWinfreydiscoversSPANXFootless
Body-ShapingPantyhoseandplaces
themonthecoveted“Oprah’sFavorite
Things”listfor2000.
2002: More Everything!
• Withastaffofsix,Saraandherdesign
teaminventPowerPanties®,thefirst
legband-free,tummy-minimizing
mid-thighhosieryshaper.
• MamaSPANXMaternityPantyhose
areborn.
2002: Score!
SarahiresLaurieAnnGoldman
tobetheCEOofSpanx,
andtheSpanxteamgrows
to11bytheendof2002.
2004: Famous Friends
• SpanxlaunchesBod-a-Bing!,
acollectionofslimmingapparel.
• Womeneverywherearesinging,
“Bra-llelujah!®”incelebrationofthe
firstall-hosierycomfortbra!
• GwynethPaltrowtoldUSATodaythat
sheworetwopairsofSPANXtoslim
downaftergivingbirthtoherdaughter
Apple.Thiskickedoffastringof
celebrityendorsements,including
Oprah,JessicaAlba,TyraBanks,Julia
Roberts,andmore!
2001: Movin’ On Up…
• Spanxmovesfrom
thebackofSara’s
apartmenttoanoffice
inDecatur,GA.
• SarainventsControl-Top
Fishnetsandcoinsthe
phrase“Nomoregridbutt!”
2003: Rollin’, rollin’, rollin’…
• Spanxmovesitsoffices
toBuckheadinAtlantaGA.
• Spanxtakesitssamegreat
body-shapingdownto
thetoeswiththeaddition
ofAllTheWay
Full-LengthPantyhose.
2002: Honors
• Saraisnamed“Entrepreneur
oftheYearfortheSoutheast
Region”byErnst&Young.
• SpanxlaunchesReversible
Tight-EndTights®.
2003: And Growin’, Growin’, Growin’…
• Spanxgrowsintoateamof18.
• Cheerio!SpanxlaunchesintheUK.
2000: Sara Makes a Sale
• Aftergivingherownpersonalbefore
&afterdemonstration,NeimanMarcus
agreestotestSPANXinseveralstores
andsheplacesherfirstmajororder!
• �Expanding!Spanxexpandsdistribution
toNordstrom,SaksFifthAvenue,
Bloomingdale’s,andothermajor
high-enddepartmentstores.
2004: Nothing Too Trivial!
• Spanxappearedastheanswertothe
TrivialPursuitquestion,“Whatcompany
inventedcontroltopfishnetsand
coinedthephrase‘Nomoregridbutt’?”
• TummiesthankSPANXforHigherPower®,
ahigh-waistedversionofthecoveted
PowerPanties.
2011: Get In On The Action!
• Spanxlaunches
anactivecollectionwith
innovativefeatureslikea
built-inbagel-buster!TM
• Spanxhasmorethan
110employees.
• ThefirsteverSPANXshop
launchesatNYC’s
59thStreetBloomingdale’s!
2005: Spanx Gets “Intimate”
• Spanxaddsintimatestothe
SPANXlinewithHide&Sleek®
andSlimCognito®.
• Spanx,Inc.earnstheAdvertisingAge
“Marketing50”honor.
2006: Give a Damn
SaraBlakelyandSirRichard
Bransonthrowthe“GiveaDamn”
partyonOctober14tolaunch
theSaraBlakelyFoundation,
raisingfundsfor278women
toattendCIDACityCampus
inSouthAfricaandmorethan
$600,000togotothe
SaraBlakelyfoundation.
2007: Pay it Forward!
• SaracreditsOprahasoneof
herbiggestinspirations.Sara
surprisesOprahwithacheckfor
$1,000,000forTheOprahWinfrey
LeadershipAcademyFoundation
inSouthAfrica.
• SaraappearsweeklyonABC’s
AmericanInventorasajudgeand
donates100%ofherearningsto
theSaraBlakelyFoundation.
2004: Reaching Higher
SaraBlakelyiswhiskedaroundtheworld
byFOXTVforVirginfounderSirRichard
Branson’srealityseries“RebelBillionaire:
Branson’sQuestfortheBest.”Sarawalked
awayasfirstrunnerup,winning$750,000
tolaunchherownfoundationdesignedto
helpwomengloballythrougheducation
andentrepreneurialtraining.
2007: Survey Says
• SPANXgrowsto50employees.
• IntheMay2007issueofInStyle,
21percentofwomenpolledsaid
thatSPANXisthebest
body-enhancinginventionever
(tiedwithstretchyjeansand
secondtothepush-upbra!).
2011: The Rear View
TheSpanxRearViewblog
islaunchedgivingSPANX
fansaglimpsebehindthe
seamsatSpanx!
2006: New to the Family
• Spanx,Inc.createsanewbrand,
ASSETS®bySaraBlakely®,acollectionof
shapewear,swimwear,andlegweardesigned
tohelpmorewomenachievetheirown
redcarpetlookforless.Availableat:Target,
JCPenney,LOFT,andspanx.com/assets!
• WhenOprahsaidthatshehad“givenup
pantiesandonlywearsSPANX”onher
showonMay20,2006,wesoldmorethan
20,000pairsofSPANXPowerPanties
thatdayalone!
2009: Shapewear Gets Chic
Withanastounding85employees,
200productsand3,000retaillocations,
companygrowthisontherise.Spanxtakeson
newinitiativesbylaunchingahigh-end,
fashion-drivenshapewearline,
HauteContour®,theDessertofShapewear®.
®
2008 : Bra-llelujah!
Spanxreachesintothenewcategoryof
foundationsandlaunchesBra-llelujah!®
UnderwireContour.Thisrevolutionary
conceptquicklybecomesthenumberone
sellingbraatallretailers.
2008: Final Answer �
• Spanxgrowsto75employeesinJuly
andlaunchesinAustralia.
• SpanxstarredinWhoWantstobeaMillionaire.
“Belovedbymillionsofwomen,Spanxis
apopularbrandof…undergarments.”
Thecontestantgottothe$4,000mark
byknowingherSpanxandevenadmitted
tohavingthemonattheverymoment!
• AccordingtoNPDresearch,theSPANX
SlimCognitoMid-TighBodysuitwas
theNo.1sellinggarmentinintimate
apparelin2008. Moreto com
e!
Our Story
2010: Making a Splash
• InOctoberof2010,Spanx,Inc.
celebratesits10thbirthdaywith
a$100,000donationtothe
AtlantaWomen’sFoundation!
• Aftermanyyearsofdemand,
Spanxbringstheirindustry
expertisetothepooland
thebeachwithswimwear.
• Menareabletojointheparty
withthelaunchofSPANXfor
MenCottonCompressionand
ZonedPerformanceundershirts
andCottonComfortunderwear.
ALL CONTENT IS AVAILABLE AT: HTTP://PRESS.SPANX.COM
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24/7
Sara Blakely, Founder Throughout history, inventors have found inspiration from the strangest places. For Spanx Founder and
Owner Sara Blakely, the inspiration came from VPL (visible panty lines) and uncomfortable thongs. A frustrated consumer turned
entrepreneur, Sara invented footless pantyhose, created an international brand and led a shapewear revolution.
Obsessed with creating comfortable, slimming garments that minimize figure flaws, Sara has created more than 200 problem-
solving products and recently entered the on-the-go apparel business with the ground-breaking Spanx Active Collection.
In 2006 Sara brought her shapewear know-how to more women with the national launch of ASSETS®, a collection of shapewear,
swimwear, and legwear designed to help women achieve their own red carpet look for less. Continuing to raise the bar with
innovative products women want, in 2009 Sara launched Haute Contour® by SPANX®, the Dessert of Shapewear®. Today, after
many years of demand, Spanx also brings their industry expertise to the pool and the beach with swimwear and to men with
reinvented undershirts and underwear.
Chances are you’ve seen Sara flashing her SPANX on QVC, judging inventions on ABC’s American Inventor, or sharing tea with
Richard Branson atop a hot air balloon at 10,000 feet on Fox’s The Rebel Billionaire. As the runner up on Rebel Billionaire, Sara
received a $750,000 check from Branson to pursue her dream to start a foundation to empower women. Since launching the
Sara Blakely Foundation in late 2006, Sara has contributed over $10 million through Spanx, Inc. and the Foundation to causes
that support women. As an entertaining and sought-after speaker, Sara shares her story to inspire people to follow their dreams.
Remaining self-funded and profitable ever since Sara used her own savings to start the company, Spanx continues to show
incredible growth. SPANX are sold in America’s finest retailers and boutiques including Nordstrom, Neiman Marcus, Saks Fifth
Avenue, Bloomingdale’s, Dillards and Lord and Taylor, as well as high-end retailers in more than 35 countries around the world.
ASSETS are sold at Target, JCPenney and www.spanx.com/assets.
Sara’s story has been featured everywhere from The Oprah Winfrey Show, TODAY, The View,
20/20, USA Today, CNN, and CNBC. She has been named Ernst & Young’s Entrepreneur of
the Year and Georgia’s “Woman of the Year.” Sara and her husband Jesse reside in Atlanta
and New York with their son Lazer. Sara is a native of Clearwater, Florida, and a graduate
of Florida State University.
Founder Bio
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Fun Facts
Sara Blakely carried
an old-fashioned
Eastpack from the early
1990s to her first SPANX
sales meeting at Neiman
Marcus. While her
friends begged her
to swap the lucky red
backpack for a Prada
bag, she had no shame.
It’s still her lucky bag,
although the buyer at
Neiman’s seeing Sara in
SPANX may have worked
more than the backpack
– She showed off the
SPANX under her white
pants, and the buyer
immediately said, “I’ll buy
3,000 pairs.”
Spanx was not going to venture into the sheers
business—thankfully that fate was changed
after a positive consultation from none other
than Sara’s Lucky 8 Ball.
SPANX has
secured a place in
pop-culture, with
daily mentions
everywhere from
CNN to SNL.
In 2010, Saturday
Night Live featured
a Baby SPANX
skit touting
products that will
“smooth out all
of your babies
unsightly bumps
and bulges.”
Sara is known to wear
wigs when she’s bored
or tired of being blonde.
When she told her mom
she wanted to dye her
hair black, her mom
suggested she buy a
wig instead, and that’s
how her collection
started. She has about
10 — all different colors,
shapes, bobs, long hair,
short, feathered.
Founded in 2000, Spanx is headquartered
in Atlanta
Fun Facts
The Spanx office is like no other! Since we wear test our products, it’s
not uncommon for people to pull down their pants, pull up their skirts or
strip down into a swimsuit—all on the job. Spanx tests every product on
women (and men too) of all shapes and sizes to ensure the perfect fit.
You’d never guess that the
fit and fabulous Madonna, Fergie and Rihanna all
have had stage costumes
made out of SPANX®!
Spanx mascot (our CEO’s poodle)
Lou Lou is named after Loulou
de la Falaise, fashion muse,
friend, and creative partner to
Yves Saint-Laurent.
After 5 years on
the job, Spanx employees
get to pick out a Cartier watch as
appreciation for their talent and dedication!
It took more than three years and
100 prototypes to create SPANX Bra-llelujah!® Underwire
Contour, now many top retailers’ best-selling bra.
While she may be goofy,
she was too short to
actually be Goofy. Sara
did get the part of a
Chipmunk at Disney
World but passed and
helped people get on the
rides instead! She had to
walk on a moving
sidewalk for eight hours
a day in a brown
polyester space suit
and say: “Hi, welcome
to Disney. Watch your
step please.”
SPANX By The Numbers
To date, more than 6
million Spanx Power
Panties have been
sold worldwide.
On her show, Oprah
announced she’d
“given up panties” and
only wore
Spanx,
more than
20,000 pairs
were sold
that day
alone.
Spanx has sold more than
nine million pairs of
Footless Body-Shaping
Pantyhose since Sara
launched in October 2000.
Sara Blakely
funded
Spanx, Inc.
with $5,000
of her own
savings in 2000.
She’s a fully
self-funded
entrepreneur.
Women around the world can get their Spanx on! We’re currently selling in more than 35 countries worldwide!
Of the 110 employees, 15 are men.
In just 10 years, Spanx
has donated $10 million
dollars to charities and
philanthropies on behalf
of the Spanx and the
Sara Blakely Foundation.
Spanx is privately held
and reported an estimated
$350 million in retail
sales in 2008.
Spanx is sold at more than 10,000 retail
locations in the US.