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Exit Finance, Enter Fashion

Exit Finance, Enter Fashion

Little did I know Saintly would be the tip of the customization iceberg. After 1.5 years of building Saintly, I decided it was time to take it big. The only way to do that would be to sell through luxury retailers like Barney’sSaks 5th AveNeiman Marcus, etc. A friend of mine had some great connections and set up meetings with some major retailers. We received consistent feedback from virtually all of them:  They loved the product but couldn’t sell a customizable made-to-order product. If we could create a standard collaboration bag, they would purchase and offer our bags the same way they do everyone else. While that in itself was a coup, it wasn’t what we wanted. Saintly was purely about customization, and putting our regular bags on shelves would dilute our story and the value proposition of customization. So we declined.

I had also put together the idea of working with some other customizable brands, simply to cross-market each other. With 5 brands on board, I created some social media profiles and called it “Custom Consortium”. Spearheading this, I was in constant contact with the other brands…but our conversations soon took a turn. The brands began asking me why retailers couldn’t sell their products, even though our offering was such a better opportunity. Custom products required no wholesale purchase, no capital at risk, no stockroom, minimal floorspace, no theft, and absolutely no discounting required…all which would diminish margins. When I realized the problem was universal and not just something Saintly faced…I knew there was a larger issue at hand. It couldn’t be technology, because that can be built and deployed. So what could it be?

It dawned on me retailers face logistical problems in offering made to order brands. Normally, a retailer swipes a credit card and the transaction is done. With custom goods, that’s when the transaction begins. Now, a retailer has to trust that a boutique brand produces and ships on time, makes a perfect product, and the customer is fully satisfied. To do so, they have to create a team that tracks every single product they sell. This isn’t something they’ve ever done and doesn’t fit into their business model. More so, when the second, third, fifth, and tenth custom brands come to them …every single setup is completely different, because each brand’s production, shipping, and other policies are completely different. The entire customization market was fragmented, and it wasn’t about to change soon. Custom brands would continue to struggle on their own direct-to-consumer island…something we were witnessing.

It turned out retailers had a viable reason for not offering made to order goods. But it wasn’t a good reason why it should never happen. With Saintly, I’d spent the last year thinking about getting retailers to see all the benefits of customization, only to learn the benefits weren’t the problem. We knew how this process should work, and more importantly, how it would have to be setup to work for the retailer, the brands, and most importantly, the customers. I worked to bring our brands together and turned CONSORTIUM into a retailer specialized purely for customizable brands.

We know the journey is just beginning. Over the next months and years, we aim to democratize customization fashion, and this will entice more brands and retailers to participate, furthering the ecosystem. It’s going to be a long road, but one that we’re ecstatic to take on….

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