Julie Rice, co-founder of SoulCycle, explains the emotional attachment and consumer psychology driving demand for SoulCycle-branded apparel.
0:00 / 0:07exact quote · 7.7s
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“I always say that the merchandise at SoulCycle is almost like having to buy the t-shirt from the best vacation that you've just been on.”
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More from Julie Rice
AssertionPartly supported
Rice: In 2005, NYC Had No Pay-Per-Class Fitness Outside Yoga
“I mean, there was no marketplace in New York at the time. There was no opportunity to take pay-per-class fitness. At the time, we were talking about 2005, there were some yoga studios, but other than that, you know, the model for gyms, and this is a lot of wha…”
Julie RiceJan 7, 2019▶ 10:00SoulCycle: Julie Rice & Elizabeth Cutler
Insight
Rice: Selling a Business Triggers Mourning, Spending, Then Forward Planning
“You know, I think that there's, you know, there's definitely a mourning period. There's definitely, you know, a period where you spend some money. And then there's definitely a period where you begin to think about, you know, what am I going to do next?”
Julie RiceJan 7, 2019▶ 44:46SoulCycle: Julie Rice & Elizabeth Cutler
AssertionSupported
Rice: SoulCycle Opened Three Months After Its Co-Founders First Met
“We met in January, and we opened SoulCycle in April.”
Julie RiceJan 7, 2019▶ 13:31SoulCycle: Julie Rice & Elizabeth Cutler
PredictionNot checkable as stated
Rice: We Predicted the SoulCycle Logo Would Become the Nike Swoosh
“One day it's not even gonna need to say SoulCycle, it's just gonna be like the Nike swoosh. People are just gonna know what it stands for.”
Julie RiceJan 7, 2019▶ 21:35SoulCycle: Julie Rice & Elizabeth Cutler
AssertionNot checkable as stated
Rice: SoulCycle Absorbed $65 Daily Fines for Guerrilla Rickshaw Advertising
“So we would get a ticket for 65 dollars a day for each day that the rickshaw was chained up to that parking meter.”
Julie RiceJan 7, 2019▶ 24:54SoulCycle: Julie Rice & Elizabeth Cutler
AssertionNot checkable as stated
Rice: SoulCycle designed 65 to 125 apparel SKUs monthly three years in
“I would say by the time the collections really got into full swing, which was probably about three, four years into the business, we were designing about 65 to a 125 SKUs a month.”
Julie RiceJan 7, 2019▶ 30:23SoulCycle: Julie Rice & Elizabeth Cutler
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