Showpo

Last updated

Showpo
Industry Online Retail, Fashion, Clothing, Shoes
HeadquartersSydney, New South Wales, Australia
Key people
 Jane Lu (CEO)
ProductsClothes, Shoes and Accessories
RevenueUS$ 30 million (2017)
Website https://www.showpo.com

Showpo is an Australian online fashion retailer. [1] Primarily aimed at young women, the company's vision is "to be her go to place to shop". [2] As of June 2017, Showpo's annual revenue was $30 million, [3] with 35% of sales occurring internationally. [4]

Contents

Showpo's CEO Jane Lu has described the company's social media branding as its "biggest competitive advantage". [5] As of May 2017, the company had 1.1 million followers on Instagram and 895,100 Likes on Facebook. [6]

History

In 2010, Showpo was launched as "Show Pony" by co-founder Jane Lu, initially operating from her parents' garage in Balmain, Sydney. [7] Three months after launch, the company opened a bricks and mortar store in Broadway in Sydney, followed by a kiosk in Pitt St Westfield in August 2011. [8] In 2012, Showpo had its first million-dollar month with just four staff. [9] Showpo closed its profitable bricks and mortar stores in 2013 to focus its business solely online. [10] In 2014, the company turned over $10 million in sales and by 2017 it had reached a run rate of $30 million. [11]

Showpo International

In August 2017, Showpo held its official US launch in Los Angeles, the location of its US warehouse. [12]

Awards and recognition

In 2014, Showpo was listed in 3rd place in Smartcompany's Smart50 Awards, with annual revenue of $7.5 million and 306.23% growth. [13]

In 2014, Showpo won Australian Startup Daily Startup of the Year in The Australian Startup Awards. [14]

In 2015, Jane Lu (CEO) was named Cosmopolitan Magazine's 2015 Entrepreneur of the Year. [15]

In 2016, Jane Lu (CEO) was listed in Smart Company's 'Hot 30 under 30'. [16]

In 2016, Jane Lu (CEO) was listed in Forbes magazine's annual '30 under 30 Asia'. [17]

In 2017, Jane Lu (CEO) was listed in Smart Company's 'Hot 30 under 30'. [18]

In 2017, Showpo won Online Retail Industry Awards [ORIAS] for "Best Social Commerce Initiative" and "Best Site Optimisation and Design". [19]

In 2017, Jane Lu (CEO) was included in the Most Viewed Fashion Professionals on LinkedIn in Australia as part of LinkedIn's Power Profiles series. [20]

In 2018, Showpo won Online Retail Industry Awards [ORIAS] for "Online Retailer of the Year", "Best International Conqueror", "Best Social Commerce Initiative" and "Best Site Optimisation & Design". [21]

In 2019, Showpo won Online Retail Industry Awards [ORIAS] for "Best Pureplay Retailer", "Technology Champion" and entered the ORIAS Hall of Fame. [22]

In 2022, Showpo won Best Social Commerce Initiative. [23]

Related Research Articles

Terrence James Lundgren is an American business executive who retired on January 31, 2018, as executive chairman of Macy's, Inc. the parent company of fashion retailers Macy's, Bloomingdale's and Bluemercury. He had served for 14 years as chairman and chief executive officer of Macy's, Inc., becoming the company's executive chairman in 2017. He was named an executive in residence at Columbia Business School in 2017.

Kogan.com is an Australian portfolio of retail and services businesses including Kogan Retail, Kogan Marketplace, Kogan Mobile, Kogan Internet, Kogan Insurance, Kogan Travel, Kogan Money, Kogan Cars, Kogan Energy, Dick Smith, Matt Blatt and Mighty Ape. The company was founded in 2006 by Ruslan Kogan.

Deals Direct was started by Paul Greenberg and Michael Rosenbaum in 2004 October. The business evolved out of an eBay retailing operation under the name of Auctionbrokers Australia into a full-fledged online retailer and swiftly grew to become the single largest online-only retailer in Australia. The business and website operations are managed out of a facility located Sydney's outer Western Suburbs. The business sells a range of general retail goods.

<span class="mw-page-title-main">Ruslan Kogan</span> Australian businessman

Ruslan Kogan is a serial entrepreneur, and founder and CEO of Kogan.com as well as several other eCommerce-related companies in Australia. He was Australia's richest person under the age of 30 from 2011 to his 30th birthday in November 2012. In 2020, Kogan's net worth was estimated by the Financial Review 2020 Rich List as A$575 million.

<span class="mw-page-title-main">Flipkart</span> Indian e-commerce company

Flipkart Private Limited is an Indian e-commerce company, headquartered in Bangalore, and incorporated in Singapore as a private limited company. The company initially focused on online book sales before expanding into other product categories such as consumer electronics, fashion, home essentials, groceries, and lifestyle products.

Cue is a clothing store that was established in 1968. Its first store opened in the Strand Arcade, Sydney, Australia. Cue predominantly sells modern fashion from London and exclusive prints.

Redbubble is a global online marketplace for print-on-demand products based on user-submitted artwork. The company was founded in 2006 in Melbourne, Australia, and also maintains offices in San Francisco and Berlin.

The Iconic is an Australian online fashion and sports retailer based in Sydney. The company was launched in 2011 and is one of Australia’s largest fashion, sports, beauty, kidswear and homewares destinations. with over 1500 brands and 165,000 items, including Australian labels P.E Nation, sass & bide, Camilla and Marc, Country Road, Witchery and Lorna Jane. International brands stocked include Nike, Levi’s, Calvin Klein, Adidas, MAC, Estee Lauder and more. The Iconic's Yennora based fulfilment centre spans a 28,000 sqm footprint with 46,000sqm of space, including one of the largest mezzanines and pick towers in the Southern Hemisphere.

Stitch Fix is an online personal styling service in the United States. It uses recommendation algorithms and data science to personalize clothing items based on size, budget and style. The company was founded in 2011 and had an initial public offering in 2017 with a valuation of $1.6 billion. Stitch Fix generated more than $1 billion in sales during 2018 and reported 3.4 million customers in June 2020. It is headquartered in San Francisco, California and employs 8,000 people worldwide.

<span class="mw-page-title-main">Adore Me</span> Womens intimates company in New York City

Adore Me is a direct-to-consumer women's intimate apparel brand based in New York City. The company was started by Morgan Hermand-Waiche in 2010 while he was an MBA student at Harvard Business School and is a Certified B Corporation.

<span class="mw-page-title-main">Missguided</span> UK-based clothing retailer

MGL Realisations (2022) Limited is a UK-based multichannel retailer selling clothes aimed at women aged 16-35 years old.

<span class="mw-page-title-main">Grana (fashion company)</span>

Grana is an online fashion company based in Hong Kong. It has an offline showroom called “The Fitting Room” in Hong Kong, where customers try on clothes and order online. It was cofounded by Luke Grana and Pieter-Paul Wittgen and officially launched in October 2014. The first brick-and-mortar store opened in Hong Kong in September 2015.

The second season of Shark Tank aired on Network Ten on 8 May 2016 and concluded 7 July 2016. The series was confirmed on 9 June 2015.

Adore Beauty is an Australian online cosmetics retailer. The company was founded in 1999 by Kate Morris and James Height and is based in the suburb of Northcote in Melbourne, Victoria.

<span class="mw-page-title-main">Retail apocalypse</span> Period in the 2010s where many American brick and mortar retail stores have closed or struggled

Retail apocalypse refers to the closing of numerous brick-and-mortar retail stores, especially those of large chains, beginning around 2010 and accelerating due to the mandatory closures during the COVID-19 pandemic.

Yandy.com is an American online retailer and fashion design company focusing on lingerie, swimwear, Halloween costumes, and women's apparel.

About You SE & Co. KG is a German fashion online retailer based in Hamburg. Founded in 2014 as a subsidiary of Otto Group, in 2018 its status changed to that of a portfolio company due to a shift in the shareholder balance. Besides Germany, the retailer is active in 24 European countries. The private label Edited is also sold in traditional retail stores.

Mike Gettis is a Canadian businessman, entrepreneur and investor based in Toronto, Ontario. He is the founder and the former CEO of Endy Sleep, a Canadian-based, e-commerce company. He is also the co-founder and the current CEO of Kilne, a Canadian cookware company. During his time at Endy, the company was named the Fastest Growing Retailer in Canada by Maclean's and Canadian Business.

<span class="mw-page-title-main">Bolt Financial</span> U.S. fintech company

Bolt Financial Inc. (Bolt) is an American financial technology start-up that provides merchants with software to facilitate one-click online checkouts. It was founded in 2014 in San Francisco.

Jane Lu is an Australian businesswoman.

References

  1. ↑ "Showpo is killing it". www.businessinsider.com.au. Retrieved 12 October 2017.
  2. ↑ "Showpo is killing it". www.businessinsider.com.au. Retrieved 12 October 2017.
  3. ↑ "From the source: Jane Lu, Showpo". www.insideretail.com.au. 8 June 2017. Retrieved 12 October 2017.
  4. ↑ "Showpo is killing it". www.businessinsider.com.au. Retrieved 12 October 2017.
  5. ↑ "How Jane Lu Built Showpo Into a Powerhouse Brand". www.lifehacker.com.au. 24 July 2017. Retrieved 12 October 2017.
  6. ↑ "INSIDE SHOWPO'S MARKETING MACHINE: How Jane Lu built a powerhouse digital brand". www.lifehacker.com.au. Retrieved 12 October 2017.
  7. ↑ "Jane Lu Millionaire Entrepreneur Reveals One Piece of Advice for Success". www.couriermail.com.au. Retrieved 12 October 2017.
  8. ↑ "Showpo's pureplay focus pays dividends". internetretailing.com.au. 4 November 2015. Retrieved 12 October 2017.
  9. ↑ "INSIDE SHOWPO'S MARKETING MACHINE: How Jane Lu built a powerhouse digital brand". www.businessinsider.com.au. Retrieved 12 October 2017.
  10. ↑ "Showpo's pureplay focus pays dividends". internetretailing.com.au. 4 November 2015. Retrieved 12 October 2017.
  11. ↑ "Featured Workplace: Inside Showpo's Fashion HQ". www.lifehacker.com.au. 24 July 2017. Retrieved 12 October 2017.
  12. ↑ "Showpo Launches in LA". www.powerretail.com.au. Retrieved 12 October 2017.
  13. ↑ "Smart50 Awards 2014: Showpo". www.smartcompany.com.au. 11 May 2015. Retrieved 12 October 2017.
  14. ↑ "The Australian Startup Awards 2014 Winners". www.the-entourage.edu.au. Retrieved 12 October 2017.
  15. ↑ "Jane Lu Cosmopolitan's Entrepreneur of the Year". www.cosmopolitan.com.au. Retrieved 12 October 2017.
  16. ↑ "Hot 30 Under 30: Jane Lu". www.cosmopolitan.com.au. 27 April 2016. Retrieved 12 October 2017.
  17. ↑ "30 Under 30 2016 Asia: Retail and Ecommerce". www.forbes.com. Retrieved 12 October 2017.
  18. ↑ "Hot 30 Under 30 2017". www.smartcompany.com.au. 11 April 2017. Retrieved 12 October 2017.
  19. ↑ "ORIAS 2017 Winners". www.onlineretailer.com.au. Retrieved 12 October 2017.
  20. ↑ "Fashion: Most Viewed Fashion Professionals on LinkedIn in Australia for 2017". linkedin.com. Retrieved 12 October 2017.
  21. ↑ "Showpo sweeps Online Retail Industry Awards with four wins". www.startupdaily.net. Retrieved 24 August 2020.
  22. ↑ "Tinyme wins Online Retailer of the Year, Kogan wins People's Choice". insideretail.com.au. 26 July 2019. Retrieved 24 August 2020.
  23. ↑ "Winners of ORIAS 2022 Announced". Power Retail. 22 July 2022. Retrieved 5 January 2023.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.