I received the weekly Threadless newsletter and former CEO Jake Nickell announced they have brought in Tom Ryan as their new chief executive officer. Ryan’s previous experience comes from eMusic, Virgin Mobile USA and EMI Music. From my web research, it’s hard to find Ryan’s detailed background, but working with the aforementioned companies it dictates that he’s well versed in the web and media markets. I’m surprised that Threadless did not go with an experienced executive in the clothing and apparel industry especially one that has worked with brick and mortar stores. In my opinion, Threadless is a t-shirt company first and a web company second. Given their model of high volume, low pricing and quick inventory turnover, you need a chief executive that can increase the company’s overall margins without having to change their successful formula and alienating their strong user base. I hope Ryan’s the one to take Threadless to an even more exciting level.
Threadless is a private company, and figures are not publically available, so it’s hard to guess where Ryan and new CSO and co-founder, Jake Nickell will take Threadless. I have a few predictions as to what will be accomplished over the next few months and years.
My gut feeling is that Threadless will continue to expand their brick and mortar presence. Threadless is unique in a sense that they require their inventory to most very fast. The brick and mortar leaders such as Macy’s or Nordstrom would love to carry Threadless, especially given the brand loyalty of the customers. However, it would be hard for these stores to consistently move the inventory on a weekly basis given Threadless’ new release every Monday. I see the Chicago store as the template for further expansion to a mall near you within the next couple of years.
My next prediction is that Threadless will look into becoming more Dell-like from the inventory perspective. From my experience with Threadless, they are the king of process and operations. That’s why they can sell you great t-shirts at an affordable price. Dells inventory sits on their floor for 2 days or less. Threadless has recently gone from the Fruit of the Loom and American Apparel stock to their own Bangledesh made shirts. This is an indication that if they haven’t already controlled their entire supply chain process they will do so very soon. In addition to controlling the supply chain, order fulfillment can be outsourced to a cheaper alternative. The video footage of watching their employees go through their shelves to fulfill orders will be a thing of the past. Threadless will then film a new short called “Just In Time (inventory) Gone Wild”!
My last prediction under the leadership of Ryan is that he’ll introduce additional products beyond the shirts. We’ve already seen the baby wear and hoodies in addition to their popular shirts. I wouldn’t be surprised if they go beyond this and introduce tank tops, jackets, gym bags or some other crazy item that will capture my disposal income.
Congratulations and best of luck to Tom and Jake in their new roles. I see the MP(3) shirt below as a representation of Tom, Jake and Jacob leading Threadless to new ideas, innovation and an even better product and brand.

Tags: business, Jacob, Jake, Tom