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Minneapolis-based Odele grew hair care brand via Target; now, it's eyeing women's sports fans [Yahoo! Finance]
Last ulta beauty, inc. earnings: 3/12 04:03 pm
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Its minimalist aesthetic and positioning next to pricier brands appealed to consumers looking for affordable yet better-for-you hair care. In just four years, Minneapolis-based Odele Beauty has gone from an idea to national distribution in more than 7,000 stores, including Target, Ulta Beauty and CVS. Founded by Minnesotans Lindsay Holden, Britta Chatterjee and Shannon Kearney, Odele has grown to more than $30 million in sales last year, a 55% increase from 2022. The founders — who started the company in 2019, leaning on their experiences in retail and product development — grew the brand without a large digital marketing budget. Instead, they caught attention of consumers through media mentions in beauty magazines, online reviews and giving out free samples. Now, with a fresh influx of capital from private investors, Odele is preparing a major advertising push on streaming channels as well as out-of-home platforms, like billboards. And, notably, the brand signed a multiyear
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