Eileen Fisher

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Biography[]

Fisher grew up in Des Plaines, Illinois, the second of seven children. When Fisher decided to go to college, her father explained that the family could not contribute to her tuition because they needed to save their money to send her younger brother to college as "he would need an education to support his family some day." Fisher explained in an interview to Inc. in 2013: "It didn't upset me — it was the times. I never expected a penny from my parents. I paid my way through the University of Illinois working as a waitress."[1] She started as a math major before switching to interior design,[1] graduating in 1972.[2] Fisher then moved to New York City in 1973.[3][4] She worked as an interior designer and as a graphic artist before establishing her own fashion business inspired by style and longevity of the classic kimono. She has two children, Zackary and Sasha, and lives in Irvington, New York.[5]

Company[]

Eileen Fisher
TypePrivately held company
IndustryRetail
GenreFashion
Founded1984; 37 years ago (1984)
FounderEileen Fisher
Headquarters
Irvington, New York
,
United States
Number of locations
56+
ProductsClothing
Number of employees
800+
Websiteeileenfisher.com

Eileen Fisher Inc. is an American privately held company founded by Fisher in 1984 with $350 in startup money.[6] Her first order at a New York clothing design show was for $3,000, which was followed three months later with $40,000 in additional sales.[6] She opened her first retail store in 1986, on East 9th Street in Manhattan.

In 2002, the company earned $144 million in revenue, and $154 million in 2003.[6][7] Estimated revenue in 2015 grew to over $300 million.[8] As of 2003, 35 percent of the company's clothing was manufactured in the United States while the rest was made in China in compliance with Social Accountability International's SA8000.[7]

The company has over 1200 employees with over 56 retail stores in fifteen states.[citation needed]

In 2011, the company expanded outside the U.S., opening its first Canadian store in Vancouver, British Columbia and then more stores in London, England, in October 2012.[citation needed] Since its formation, the company has extended its distribution to over 1,000 wholesale doors and 68 retail stores.[9]

In order to reduce fabric and fiber waste, the company started a recycling program. Customers donate their "gently used" Eileen Fisher clothing in return for a $5 gift certificate per article. After dry cleaning, the garments are resold—with the income funding business grants for women and leadership programs for young women.[10][11]

See also[]

References[]

  1. ^ Jump up to: a b Welch, Liz. "How I Did It". Inc.
  2. ^ bloomberg.com Executive Profile: Eileen Fisher
  3. ^ Shambora, Jessica (September 18, 2011). "Eileen Fisher's Timeless Vision". Fortune. Retrieved December 14, 2011.
  4. ^ Bloom, Amy (December 2003). "Women of the Year 2003: Eileen Fisher". Ms. Archived from the original on June 5, 2016. Retrieved February 16, 2009.
  5. ^ Malcolm, Janet (September 23, 2013). "Nobody's Looking at You". The New Yorker. New York City: Condé Nast. Retrieved January 13, 2016.
  6. ^ Jump up to: a b c Caplin, Joan (July 1, 2004). "Eileen Fisher First, Suit Yourself". CNNMoney.com. Archived from the original on June 6, 2011. Retrieved August 7, 2008.
  7. ^ Jump up to: a b Pofeldt, Elaine (October 1, 2003). "The Nurturer Eileen Fisher/Eileen Fisher Inc". Fortune. Retrieved August 7, 2008.
  8. ^ Tenney, Matt (May 15, 2015). "Be a 'Don't Knower': One of Eileen Fisher's Secrets to Success". HuffPost Business. Retrieved January 22, 2016.
  9. ^ Fernandez, Chantal (2017-12-06). "Eileen Fisher Makes Strides Towards Circularity With 'Tiny Factory'". The Business of Fashion. Retrieved 2020-01-30.
  10. ^ eileenfisher.com Sustainability Archived January 30, 2014, at the Wayback Machine
  11. ^ eileenfisher.com Supporting_Women Archived March 6, 2014, at the Wayback Machine

External links[]

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