Discover How Fashion Nova CEO Richard Saghian Built The Internet’s Biggest Fast-Fashion Brand

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Fashion Nova, an ultra-fast fashion brand, has become one of the
biggest brands in the world in under a decade. So many people wondered what
happened. How did they get so large so fast? How were they able to compete in
terms of growth and profitability with big brands like Louis Vuitton, Chanel, and
Dolce & Gabbana?

In 2018, Fashion Nova was the most searched fashion brand on
Google and one of the top brands on Instagram. They now have over 18 million
followers on Instagram and their followers grow by over 1 million every two
months.

The answer is simple: Fashion Nova’s CEO,
Richard Saghian
, discovered what was lacking and decided to provide exactly that.

Who is Richard Saghian?

Many people don’t know anything about Richard Saghian. He rarely
does any interviews
, so we just get little bits of information about him from time to
time.

Fashion Nova has managed to break so many records and sell so well
that he rarely grants interviews, instead choosing to focus on continuing to
grow the business. 

So, who is this CEO and how was he able to pull off such a
fantastic feat?

Richard Saghian was born in California, United States. He is an
Iranian-American whose father owned women’s retail stores. Every summer, he
helped his dad run his stores and learned the ropes behind the business.

From those experiences, he knew that he was destined to become a
power player in the fashion industry.

In 2006, Richard Saghian opened the first Fashion Nova store at
the Panorama Mall in California. To date, he has only opened a total of 5
retail locations, all of which are in Los Angeles.

The brand experienced moderate growth as a retail operation, but
sales didn’t skyrocket until Saghian joined the then-nascent Instagram platform
to share Fashion Nova products. After a while, fans of the brand started
posting pictures of themselves in these pieces, which
promoted the brand further.

Now, they are one of the biggest fashion brands on Instagram.

How Did Richard Saghian Come Up With The Idea
to Grow the Brand?

Saghian said, “all the knowledge I gained from running brick and
mortar stores, I utilized for the website.”

When Fashion Nova was only a physical store, Saghian was able to
listen to what the customers had to say about the fashion industry.

From his customers, he learned what women wanted and what would
sell. He took that knowledge to create a brand that catered to a unique
demographic and solved a real problem. “Being able to listen firsthand to
customers gave me the information of what was needed and what was missing,”
Saghian said.

How Richard Saghian Built Fashion Nova to
Become a Major Brand

1. Ultra-fast fashion:

Many people flock to direct-to-customer online brands like Fashion
Nova to accentuate their wardrobe with form-fitting and fun clubwear, as well
as pieces inspired by the latest designer looks.

However, Fashion Nova is not the only direct-to-customer brand.
So, what makes it the most patronized?

The answer is simple: there’s fast fashion, and then there’s Fashion Nova’s  ultra-fast
fashion
.

According to Saghian, the brand launches over 600 new styles a
week. This means they produce over 50 times the amount of styles many big
brands produce in a year. There’s always something fresh. There’s always
something that catches the eye.

The company works with over 500 sewing factories in Los Angeles in
order to quickly make these designs a reality. 

The brand’s social media team picks up the latest trends after scouring
the internet. Then, they send trending styles to the design team and have
samples made and ready for styling in less than 24 hours.

That’s how fast it is.

2. Very affordable prices:

Affordable means that you can get high-quality shoes for as low as
$30. Dresses are as inexpensive as $28, and you won’t see anything over $50.

So, with Fashion Nova, you can never say you’re too broke to buy.

They give you the chance to rock
the same clothes as celebrities like Cardi B
, who has shouted the
brand out in her songs, without breaking the bank.

3. They’re Size inclusive:

You would barely see any brands produce their clothes in plus size
among mainstream fashion brands. However, Fashion Nova tailors
their offerings specifically
to serve plus-size
individuals.

Fashion Nova released a Curve line that offers sizes from 1 – 3X,
bigger and more flattering than most plus-size brands. 

What’s more?

Fashion Nova didn’t create shapeless looks for people with fuller
figures. Instead, the brand listened to what they wanted and created its
regular standard tight, revealing, sexy clothes – just in larger sizes.

Saghian said no brand will create something like this for their
brands. This prevents other brands from getting a piece of their wide, deeply
loyal audience.

4. Influencer Marketing

This is the major reason why Saghian doesn’t need to take
interviews. He managed to grow his brand on his own by using the power of
influencers.

Fashion Nova’s influencer network includes over 3,000 social media
influencers with thousands of followers each. Utilizing both micro and macro
influencers, Fashion Nova’s pieces reach millions of people.

The brand also collaborates with high profile celebrities such as
Nicki Minaj, Kylie Jenner, and Cardi B. Cardi B, who has been connected to
Fashion Nova well before her breakout success as a rapper, has taken her love
of the brand even further. In May 2019, she released her collection with
Fashion Nova, and it sold $1 million in a day.

Richard Saghian says that there’s not so much a deep, secret
strategy behind Fashion Nova’s growth – just a proven, highly effective, extremely
scalable model
that allows for growth for years to come. 

The post Discover How Fashion Nova CEO Richard Saghian Built The Internet’s Biggest Fast-Fashion Brand appeared first on Living Gossip.



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