Founder & CEO at Pashion™ | Forbes 30 Under 30, Shark Tank Alum, TikTok Creator (@haley_pavone) - 750K+
In the fashion retail world, it is anticipated that Q1 will underperform against the holiday rush of Q4 even in the most successful of brands. I'm blown away to share that Q1 2024 at Pashion Footwear has closed at 2% growth over Q4, and 222% year over year - recognizing a 22% EBITDA. The viral momentum around our convertible heels in the new year is tangible. In Q1, we saw our instagram grow 160% - earning us the title of the 3rd fastest growing brand on the entire platform. Of our 30 products dropped in our spring line, 21 of them are selling through at an average rate of 33% above projection (with 6 of our new products selling out in under 24 hours). We posted our highest single-sales day record in March - on a day with no promo, new release, or marketing activity of note....all it took was receiving the restock of our best sellers. We posted $230K in net sales in 24 hours (dramatically surpassing our previous record of $120k, which we achieved on Black Friday '23). The restock, originally forecasted to last ~90 days, was over 80% sold through in 72 hours. If the "worst quarter of the year for retail" can perform this well, I simply can't wait to see what the rest of 2024 has in store! #organicmarketing #cpg #convertibleheels #startup #femalefounder #growth #growthmarketing #brandawareness #footwearindustry #innovation #productmarketfit
222! 🤩
Wow, sounds like Pashion Footwear is killing it in Q1 2024. Impressive growth and sales record. What's their secret to success?
I never doubted you or your mission Haley Pavone. I know you and your team will continue to crush it. It was an easy decision to invest in Pashion. I love seeing your progression.
I love reading these updates. All your hardwork paying off! Keep it up
Amazing! You’ve done some amazing campaigns and I’m excited to be a fellow Pashionista 🩵
Killing it!! Congrats on your exponential growth!!
endlessly proud of you!
So good.
Awesome!
Co-Founder & CEO of Teleport | Fashion x Tech x Resale | ex-Amazon
1moIncredible growth, Haley Pavone! What's your biggest challenge in staying in stock (e.g., forecasting, supply chain costs, etc.)?