April 19, 2017 Source: suitsupply.com Suitsupply is an international men’s formalwear retailer QUICK TAKE: headquartered in Amsterdam, the Netherlands. The company has expanded rapidly from a startup selling formalwear online to Suitsupply— an international multichannel retailer. 1) Suitsupply’s turnover expanded at double-digit rates to €170 Bringing million (US$188.6 million) in 2015, according to the latest available figures. It is expected to have reached €200 million Omnichannel (US$213.3 million) sales in 2016. 2) Suitsupply bases its success on its ability to fill a gap in the Retailing to market for trendy, high-quality formalwear at a mid-price point, and by delivering convenience to shoppers though its Formalwear omnichannel operations. 3) Suitsupply manages to keep prices down without compromising on quality mainly by encouraging consumers to buy online and by opening brick-and-mortar stores in alternative and less pricey locations. Deborah Weinswig Managing Director, Fung Global Retail & Technology
[email protected] US: 917.655.6790 HK: 852.6119.1779 CN: 86.186.1420.3016 Deborah Weinswig, Managing Director, Fung Global Retail & Technology
[email protected] US: 917.655.6790 HK: 852.6119.1779 CN: 86.186.1420.3016 1 Copyright © 2017 The Fung Group. All rights reserved. April 19, 2017 From Startup to Global Multichannel Fashion Retailer Suitsupply is An internAtionAl Suitsupply is a men’s formalwear international retailer headquartered in Amsterdam, the Netherlands. Current CEO Fokke de Jong founded the men’s formAlweAr retAiler company in 2010 from his university dorm room, and the company has heAdquartered in Amsterdam, since expanded rapidly from a startup selling formalwear online to an the NetherlAnds.