BUSINESS

Is Hylete Going Out of Business?

September 26, 2023

The question on many minds recently has been, “Is Hylete going out of business?” if you are a fan of working out and staying fit, then you will likely also be asking yourself this same question.

Hylete is one of the leading apparel brands in the fitness industry. The company is known for its high-quality and customizable products. However recent developments about the company have sparked some concerns in the minds of their customers. Now they are asking, ‘Is Hylete going out of business?’

But what really happened with Hylete? Is the brand really calling it quit already? Just keep reading to discover the truth behind this speculation.

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What’s Really Happening: Is Hylete Going Out of Business?

Now, let’s get straight to the point, answering the question, ‘Is Hylete going out of business?’ Well, despite the online buzz, particularly among Reddit users who noticed significant discounts on Hylete’s website, there isn’t concrete evidence to suggest that Hylete is shutting down.

Some speculate financial troubles, but Hylete remains silent on their monetary status. However, their recent expansions, like recruiting key personnel and acquiring brands like Gracedbygrit, indicate growth and ambition. And that doesn’t show that Hylete is going out of business.

Also, with plans of becoming a public company and efforts to raise funds up to $6.25 million, the signs lean towards growth rather than closure. So, is Hylete going out of business? The answer is no!

What’s So Unique About Hylete Apparel?

There is a reason Hylete is a reputable brand in the fitness apparel industry. So, when you see people ask, ‘Is Hylete going out of business?’ you should understand why they are concerned about such a company. But what’s so unique about the brand?

Founded in 2012, Hylete is known for its commitment to quality. When you need fitness clothing that can withstand intense workouts, Hylete would be the brand for you. Their products are made using breathable materials that make working out much more convenient.

Another thing is that Hylete apparel isn’t only great for fitness and athletic performance but also makes a great choice for everyday activities. This high level of customization is what sets their products apart in the market.

The Current State of Hylete’s Business

Without any doubt, Hylete is doing well in the fitness clothing world. Over the years, they’ve grown a lot. Even though they don’t share all their sales numbers, you can tell they’re doing good things.

They’re not just selling clothes. They are also getting involved in the community. They host events and support athletes, making many people like their brand even more.

What’s cool about Hylete is they sell directly to us, the customers. This means their stuff isn’t super expensive. Even with big names like Nike around, Hylete has found its place. They make products for people who love workouts like CrossFit.

Plus, they keep coming out with new things. They have eco-friendly gear and have teamed up with a company called PNF for better materials.

What Materials Are Used In Hylete’s Fitness Apparel?

It’s okay to be curious about the type of material their products are made of. Interestingly, Hylete’s clothing boasts different materials. Here are a few of them:

Power Wool: This is a fusion of merino wool and nylon. It’s ideal for cold-weather workouts, emphasizing warmth and odor control.
Airwave Fabric: This enhances breathability, particularly in areas like underarms.
Flex-Knit Fabric: A polyester, spandex, and nylon mix. It ensures comfort and flexibility during intense training sessions.
CoolFlex Fabric: CoolFlex is a polyester and spandex blend and provides lightweight comfort and multidirectional stretch.
Bamboo: This is an eco-friendly, moisture-wicking, and breathable material. It is one of the newest additions to their collection of materials.
Spandex or Elastane: Man-made, stretchy, and perfect for snug-fitting sportswear.

What Concerns Are Customers Raising About Hylete?

Hylete’s journey hasn’t been without challenges. Some customers have highlighted inconsistent product quality, while others mentioned limited availability of sizes and styles. Additionally, a few voiced concerns about the company’s customer service experiences.

However, Hylete has declared that they are putting everything in place to address these concerns so their customers can have more confidence in buying their products while enjoying the utmost customer experience.

Is Hylete Facing Financial Challenges?

Well, looking closely at the company, it doesn’t look like they are presently facing any financial challenge. While there are speculations, Hylete has attracted multiple investors, which indicates confidence in their business model.

But this is a rumor that can cause a lot of harm to the reputation of the company. In fact, it could be one of the reasons people are asking, ‘Is Hylete going out of business?’

Who Owns Hylete Clothing?

Hylete was founded by Matthew Paulson and Ronald Wilson in 2012. Since then, Hylete has remained predominantly under their ownership, supplemented by private investors. Their innovative strategy also allowed customers to invest, further enhancing brand loyalty.

Where is Hylete Located?

Hylete has its headquarters located in Solana Beach in San Diego County, California, where the brand enjoys a vibrant community setting. However, despite being headquartered in California, the company’s global reach, thanks to their online store, has expanded far beyond California.

Does Hylete Offer International Shipping?

Yes, Hylete offers international shipping to cater to its global clientele. However, shipping terms, rates, and available countries might vary. If you are a lover of Hylete apparel and would love to order from across the globe, we recommend that you visit Hylete’s official website or contact their customer support before placing an order.

Did Hylete Recall its Products?

To date, Hylete has not issued any recalls or faced major product-related controversies. If there are any speculations about this, you can bet they are nothing but rumors – they aren’t true!