Kim Kardashian's
@skims is making its biggest pivot yet: Adding menswear
And that reveals a fundamental difference to how men and women shop...
But first, some context: We are living in The Era of the Undergarment, the Age of Undies, The Underwear Economy.
There's been a surge in women’s underwear startups to fill the void left by
#VictoriasSecret — As Victoria's thong-opoly ended, Skims pounced on the opportunity:
🩲 Kim K’s undergarment startup hit $4B valuation this year & plans to to
#IPO
🩲 Sales have jumped 50% this year to $750M
🩲 Now Kim is going to boxers & briefs: Menswear (it's like Skims just added a Y chromosome)
But Skims faces 1 major challenge selling to men... Conversion Friction
The Takeaway →
Conversion Friction: It's harder to convince men to try new product than women.
🛍️ According to data from
@junglescout about shopping online, men are 2X as likely to buy their current brand, not try new a new one.
🛍️ It’s not loyalty, it’s laziness: Guys don’t fix go-to brand if it ain't broke
🛍️ (Full Disclosure: Jack Crivici-Kramer's had the same deodorant brand for 8 years (
#OldSpice) and I've had the same button-down shirts for the same time (
#Octobre)
So it's harder for Skims to get Jack to switch from Hanes than it is to get Julie to switch from Victoria's Secret.
🤩 That’s why
#Skims is using star athletes to sell boxers to men: Nick Bossa of the San Francisco 49ers and Brazilian soccer star Neymar.
To overcome men’s shopping laziness,
@KimKardashian signed the same players from their fantasy football leagues.
Because of Conversion Friction: It's harder to convince men to try new product than women.
@jackkramer and I tossed on some bodysuits and whipped up the Skims story on today's
@tboypod podcast 🩲🩲
#TheBestOneYet #TBOY #Podcasts #IYKYK
open.spotify.com/episode/3lN…