Is Hylete going out of business? If you are a fan of staying fit and working out, then you should be familiar with Hylete, a popular apparel brand in the fitness industry. This company has been in operation since 2012, serving as one of the leading brands in the fitness community with its high-quality and customizable products.
But recently, a rumor broke out about the brand, leaving many of their fans asking: Is Hylete going out of business. There have been a couple of developments in the company in the last few months and some of their customers have reported some anomalies when shopping with the brand.
So, is Hylete going out of business really or this is just another rumor breaking out from their close competitors? In this post, we will take a look into this issue to help you see what’s really happening behind the scenes in Hylete and whether the company will be closing its doors soon or not.
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Is Hylete Going Out of Business?
Well, with the look of things, there is no indication whatsoever that Hylete is going out of business. Its operations seem to be the same with a couple of changes. And there has not been any official statement from the management of the brand concerning closing its doors soon. So, where did the rumor come from? Why is everyone asking: Is Hylete going out of business?
The rumor seems to have broken out from some of Hylete customers who recently expressed their dissatisfaction about the brand on Reddit. These customers expressed their concern about the company experiencing some financial difficulties and the massive discounted sales currently going on Hylete website.
These are usually some of the things common to brands that have closed down in the past. But till now, Hylete has refused to make any comment about this rumor. So, if you are still asking: Is Hylete going out of business, then you might just need to wait to hear an official statement from the company.
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Hylete Is Making New Developments
Despite not saying anything about the rumor, Hylete is recently making some developments that don’t make it look like the company is going out of business soon. Hylete has taken its growth more seriously now as it continues to expand into new markets.
A few months ago, the company installed a new Vice President of Sales and Account Manager to bring some changes to the operations of the company. It has also announced its plans to expand into new markets by expanding its women’s offering. Now, it’s selling stock worth $6.35 million to raise funds for these expansions.
Also, earlier this year, Hylete acquired a couple of other athleisure companies like Gracedbygrit to make its distribution channels ever wider.
What’s the Reason Behind Hylete’s Recent Massive Sales?
Like we said earlier, one of the reasons people are asking, ‘Is Hylete going out of business?’ is because of the recent massive sales on the company’s website. But what could be the reason for this massive sales?
This could also be because of the recent expansion plans of the company. Hylete has been a community-driven clothing brand that is known for its high-quality products that not only provide comfort during intense training in the gym but also have the potential to withstand intense training sessions in the gym.
Because of its dedication to delivering excellent products in the market, their apparel has been in high demand both in the U.S. and outside of it. So, the company recently partnered with some companies to enlarge its operations across the nation. To get more people aware of this, it begins to offer massive discounts on their products.
Is It True That Hylete Recall Their Product?
Currently, there is yet to be any definite information available about such recalls within Hylete’s history. Rigorous research and an in-depth analysis of the brand’s track record reveal a reassuring fact: Hylete has maintained an impeccable reputation, never having been compelled to issue a product recall or encountering similar issues with their merchandise.
This speaks volumes about the brand’s commitment to delivering top-tier products that meet stringent standards, and it casts a shadow of doubt over the authenticity of the recall claims.
Now that we have been able to establish that the news about Hylete clothing going out of business is a rumor, let’s consider some more questions you might have in your mind concerning the brand. Let’s dedicate the next section to answer such questions.
FAQs
Who Owns Hylete Clothing?
This innovative athletic apparel brand was primarily founded by Ronald Wilson and Mathew Palson. These two own and run the brand with a group of investors till today. The duo not only share a great vision for the brand to keep producing premium and high-quality fitness apparel, they also collectively hold a significant portion of the business.
What’s So Special About Hylete Apparel?
What sets Hylete apart is its commitment to quality. Their products are constructed using breathable materials that not only withstand the rigors of intense workouts but also exhibit exceptional durability for the long haul.
Also, the brand’s fitness clothing are not only great for athletic and fitness performances but can also be worn for everyday activities. Its customizable fitness clothing are tailored to endure demanding training sessions while ensuring comfort throughout your day.
What Type of Products Does Hylete Offer?
Hylete offers a wide collection of fitness-oriented apparel and accessories, catering to different needs and people. Some of the products you can buy from the company include tops, shorts, bags, hats, jackets, etc. This extensive range ensures that athletes and fitness enthusiasts can find precisely what they need to enhance their training experience while also expressing their style, both inside and outside the gym.
Where is Hylete Based?
While the brand has a presence across the United States of America, it has its base located at San Diego in California. So, if you are also one of the fans that love to know where their favorite brands are from, then you should know Hylete is a San Diego-based company.
Does Hylete Offer Plus-size Options?
Yes, Hylete does offer plus-size options in their range of fitness apparel. They prioritize inclusivity by providing a diverse selection of sizes to cater to various body types and ensure that everyone can enjoy their high-quality products.
Does Hylete Offer International Shipping?
Hylete’s apparel are not only served on the U.S soils, customers from around the world can also enjoy their fitness apparel and accessories. So, yes, Hylete does offer international shipping to enable individuals outside of the United States to access and experience the brand’s offerings, expanding their reach beyond domestic borders.
What is Hylete’s Return Policy?
Like many other brands in the market, Hylete also has a return policy designed to ensure customer satisfaction. They offer a 60-day return window, during which customers can return unworn and unused items for a full refund or exchange. The items must be in their original condition with all tags attached.
Is Hylete Going Out of Business – Final Note
That’s it. Now you know that your favortite fitness apparel brand is not going anywhere. Unlike what many people have been made to believe due to recent rumor about the company, Hylete is not going out of business.
There is no official statement or any indications showing that the company will close down soon. The rumor came from a few customers on Reddit who reported their concern about some recent development about the company.