Outdoor Voices (sometimes just O.V.) is an American clothing company focused on the design and sale of athletic apparel. Its products are sold online.[1]
O.V. was cofounded in 2013 by Tyler Haney and Matt McIntyre in New York City, and is now headquartered in Austin.[2] On February 25, 2020, Haney tendered her resignation, and Cliff Moskowitz, the president of a fashion-oriented private equity firm, took over as interim CEO.[3]
History and operations
The company's founder, Tyler Haney, was motivated to found Outdoor Voices due to a love of sports and athletics.[4] She cofounded Outdoor Voices in 2013 with Matt McIntyre after the two met while studying at Parsons School of Design; McIntyre left the company in 2014.[5][6]
In early 2014, J. Crew selected the Outdoor Voices line for its stores’ "Brands We Love" sections after the line was featured in a London boutique, Garbstore.[2] The company's first store opened in Austin in October 2014 and its first pop-up shop opened in Manhattan in 2015.[7] The company was known initially for their "kits," which included a collection of tops and bottoms that could be mixed and matched for a bundled price.
Over time, Outdoor Voices raised over $9.5 million from investors like General Catalyst Partners. In 2015, Outdoor Voices received $7.5 million in investments to start their active apparel line.[4] In 2016, Haney decided to move the company to Austin, Texas to focus on building a new and a bigger headquarters for the company and hired more employees including some of Haney's friends from high school.[4] Mickey Drexler, the former CEO of Gap Inc. and J. Crew Group, Inc., became the company's chairman of the board in the summer of 2017.[8] As of March 2018, the company had raised roughly $57 million in funding.[9] Lead investors include GV, General Catalyst Partners, and Forerunner Ventures.[9] On April 24, 2018, Outdoor Voices launched a running collection with Hoka One One. They also released a corresponding app called O.V. Trail Shop. The app features the nearest Trail Shops where the new running collection can be found.[10] In 2018, Outdoor Voices launched their first swimwear collection called “H2Ov”.[11]
Outdoor Voices has collaborated with other clothing and exercise-related companies to produce limited run products. Collaborators include the fashion blog Man Repeller, ClassPass, and French fashion label A.P.C.[12][13][14][15]
In February 2020, in an effort to restructure the company, Tyler Haney stepped down as CEO. Several executives abruptly departed the company, and an anonymous letter blamed Haney for the staff exits, calling her "spoiled" and criticizing her leadership. Haney struggled to work with Mickey Drexler, the well-known retail executive who had previously led J.Crew and Gap.[16] By March 2020, the company had "imploded," according to The New York Times.[16] In January of 2020, the company's valuation was $40 million, down from its 2018 valuation of $110 million.[16] Outdoor Voices indicated that there would be an additional 15 layoffs across the company.[17]
In March 2024, the company announced all its stores would close, and that the company would become online-only.[18] On March 21, former employees confirmed that Outdoor Voices was preparing to file for Chapter 11 bankruptcy reorganization within the coming weeks.[19]
External links
References
- Outdoor Voices to shutter all of its stores this Sunday Retail Dive, retrieved March 17, 2024^
- Kate Rogers. This 27-year-old CEO is taking on Lululemon and Nike cnbc.com, May 3, 2016, retrieved March 20, 2018^
- Why All the Warby Parker Clones Are Now Imploding: How venture capital became the most dangerous thing to happen to now-troubled DTCs like Outdoor Voices, Harry’s, and Casper Maya Kosoff, March 9, 2020^
- Michael Andor Brodeur. Steady as She Goes Entrepreneur, May 2018, retrieved November 4, 2018^
- Inside the Cult Activewear Label For It Girls Everywhere harpersbazaar.com, October 14, 2016, retrieved March 20, 2018^
- Brianna Sacks. Millions Of Millennial Women Fell In Love With Outdoor Voices’ Chill Aesthetic, But Employees Say They Were Miserable BuzzFeed News, 2020-03-11, retrieved 2024-12-29^
- The Future of Athleisure Is Looking Pretty Chill: Outdoor Voices Opens a Pop-Up in Nolita vogue.com, November 11, 2015, retrieved March 20, 2018^
- Michael Andor Brodeur. Investors Didn't Take Her Seriously. Then She Built Outdoor Voices, Activewear's Next Big Thing. entrepreneur.com, October 9, 2017, retrieved March 20, 2018^
- Lauren Thomas. Athletic apparel start-up Outdoor Voices raises $34 million in latest round of funding cnbc.com, March 13, 2018, retrieved March 20, 2018^
- Rosemary Feitelberg. Outdoor Voices Gives Shoppers a Jump on Running Collection With AR-Powered Trail Shops WWD, April 24, 2018, retrieved November 4, 2018^
- Lushing Margaux. Activewear Indie Darling Outdoor Voices Launches Its First SwimWear Collection Forbes, retrieved November 4, 2018^
- Man Repeller's Outdoor Voices Collab Includes Chocolate and a Jump Rope racked.com, June 2, 2015, retrieved March 20, 2018^
- ClassPass Releases First Apparel Collection With Outdoor Voices racked.com, December 7, 2015, retrieved March 20, 2018^
- Five Things T Editors Are Really Into Right Now The New York Times, September 2, 2016, retrieved March 20, 2018^
- Outdoor Voices & Teva's Colorful Sandals Are a Summer Must-Have^
- Sapna Maheshwari, Erin Griffith. How Outdoor Voices, a Start-Up Darling, Imploded The New York Times, 2020-03-10, retrieved 2023-03-10^
- Connie Loizos. Outdoor Voices founder Tyler Haney says adios altogether to the company amid layoffs TechCrunch, February 26, 2020, retrieved March 9, 2020^
- Olivia Craighead. Outdoor Voices Is Closing All of Its Stores The Cut, 13 March 2024, retrieved 13 March 2024^
- Outdoor Voices Bankruptcy Imminent According to Insiders Sourcing Journal, March 21, 2024, retrieved March 22, 2024^