Fabletics to open 75 more stores

ajc.com

Apparel retailer Fabletics will open an additional 75 stores as part of its aggressive expansion plan.

The retailer, which currently has 24 stores, will grow its store fleet to about 100 stores. Owned by TechStyle Fashion Group, Fabletics will also unveil a new store concept this September in Washington. The company was launched online in 2013, and has about 1.4 million VIP members.

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Fabetics has seen a more than 20 percent increase in same-store sales year-over-year, and has surpassed $300 million in revenue, according to a company statement.

“Fabletics has succeeded beyond our expectations under Kate’s vision and our new team members, and I’m confident Fabletics will continue on its incredible growth trajectory,” said Adam Goldenberg, co-CEO and co-founder TechStyle Fashion Group.