Stance (brand)

Last updated
Stance
Company typeDelaware C Corporation
Industry Clothing
Founded2009;16 years ago (2009)
Headquarters San Clemente, California
Key people
Jeff Kearl
(Chairman & CEO)
John Wilson
(President)
Products Socks, underwear, T-Shirts
Revenueest. $180 million (2015) [1]
Website Stance.com

Stance is an American sock, underwear and T-Shirt brand founded in December 2009. Stance is headquartered in San Clemente, California. As of March 2015, the company had sold over 36 million pairs of socks and raised over $115 million from investors. [2]

Contents

In early January 2015, Stance began raising $50 million to fund their expansion into the underwear market. [3] In April 2016, Stance raised an additional $30 million in a funding round that valued Stance at $400 million and was led by Mercato Partners and included August Capital, Kleiner Perkins Caufield & Byers, Menlo Ventures, Shasta Ventures, and Sherpa Capital as returning investors. [4] [5]

MLB player Francisco Lindor wearing Stance socks on field during a game Francisco Lindor (52033114874).jpg
MLB player Francisco Lindor wearing Stance socks on field during a game

MLB player Mark Vientos wearing Stance socks on field during a game

Stance was named the official sock of the NBA and MLB in April 2015 and May 2016, respectively. [6] [7]

The company has 18 US retail stores in Irvine, Las Vegas, Cabazon, Livermore, Los Angeles, Miami, New York City, Orlando, Portland, Salt Lake City, San Clemente, San Diego, Tulalip, New Jersey, Chicago, and Minnesota. In October 2018, Stance opened their first International store in Covent Garden, London, England.

History

Stance was founded in 2009 by Jeff Kearl, John Wilson, Aaron Hennings, Ryan Kingman and Taylor Shupe. The five original founders saw an opportunity to address a category of fashion they felt had been overlooked by many brands and the majority of the industry. [8]

The company first began shipping product in August 2010, and now ships over 15 million pairs of socks each year. Stance has raised a significant amount of venture capital and is sold in over 40 countries worldwide. [9] [10]

In March 2015, the Wall Street Journal reported the company had raised $50 million from Silicon Valley venture capital firms and that the brand would be expanding into men’s underwear. In April 2015, the NBA announced that Stance had been named the official on-court sock of the NBA starting in the 2015-2016 season. As part of the deal, Stance would be allowed to display its logo on all socks worn on-court by players, a first in NBA history for apparel companies. [11] Stance opened its first store in the SoHo neighborhood of New York City in November 2015. [4]

The brand won Best Socks of the Year in 2017 with their tribute to rapper, Gucci Mane. [12]

Sponsorship

Stance’s brand ambassadors are called "Punks and Poets". They include musicians, skateboarders, athletes, designers, artists, stylists, writers and photographers. [13]

Athletes
Musicians/Bands
Models
Designers and Stylists
Artists/Illustrators/Photographers

See also

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References

  1. ↑ "Sock Maker Raises $30M". 2 May 2016.
  2. ↑ "How Stance Socks' Innovative Approach Led to its NBA Deal". sneakershouts.com. 2016-04-26. Retrieved 2016-05-04.
  3. ↑ "Luxury-Socks Startup Stance Raises $50M to Expand Into Underwear". Wall Street Journal. 2015-03-03. Retrieved 2015-03-15.
  4. 1 2 DiMartino, Mediha (2016-05-02). "Sock Maker Raises $30M". Orange County Business Journal. Retrieved 2017-02-21.
  5. ↑ "Stance valued at $400M with $30M Series D". Pitchbook. 2016-05-02. Retrieved 2017-02-21.
  6. ↑ "NBA Agrees Licensing Deal with Stance Socks As League Official Sock". ESPN. 2015-04-27.
  7. ↑ "Stance signs deal with MLB to be official sock provider". ESPN. 2016-05-24.
  8. ↑ "Business Beat: Stance Locks Original Contract with NBA". 3 June 2015.
  9. ↑ Chapman, Lizette (5 March 2015). "Luxury-Socks Startup Stance Raises $50M to Expand into Underwear". Wall Street Journal.
  10. ↑ "About Stance | Bold and Creative Socks".
  11. ↑ "Stance Socks Adds Its Logo to the NBA Uniform". 27 April 2015.
  12. ↑ "BEST SOCKS OF 2017: STANCE". Sneakscore. Retrieved 25 March 2019.
  13. ↑ "Punks & Poets Socks by Stance | Bold and Creative Socks".
  14. ↑ "Rihanna Teams Up With Stance For Sock Collection". BallerStatus.com. July 15, 2015. Archived from the original on August 19, 2015. Retrieved July 15, 2015.
  15. ↑ "What Happens when Rihanna Instagrams Your Art". Vanity Fair . 22 November 2016.
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