JackThreads Closing Down
JackThreads recently announced they are closing for good on May 12th, 2017. This marks the end of an era for the menswear site. JT was launched as a flash deals site way back in 2008. Founder Jason Ross created the company out of his parents basement in Columbus, Ohio. JackThreads was sold to Thrillist in 2010, which led to the company headquarters relocating to New York. JT peaked at over $100 million in revenue, and well over a million members.
In 2016, JackThreads grew into a fully-fledged menswear label with the vast majority of their site featuring products designed in-house. The JackThreads TryOuts program encouraged customers to test out as many items as possible with free shipping both ways. This marked the beginning of the end for JackThreads as sales slumped and costs continued to rise. Reports of mass layoffs started to surface in February 2017 as the company searched for investors to bail them out of their massive debt load. Customers were shocked to see huge discounts sitewide as JackThreads began to offload all of their inventory. It was good while it lasted, RIP JT.
For now, head over to JackThreads.com for your last chance to grab gear at 70% off.