Sign In
Get Clay Free →

Suggestions

    Andrew Codispoti

    Co-CEO at Goodlife

    Andrew Codispoti is the Co-CEO of Goodlife, a position he has held since January 2014.12 He is based in New York, New York, United States.1

    Professional Experience

    • Co-CEO at Goodlife (January 2014 - Present)1
    • Managing Partner at Trident Capital Partners (March 2012 - Present)1
    • Director at Dahlman Rose & Co. (December 2005 - January 2012)12

    Education

    Codispoti attended Boston College - Carroll School of Management from 1998 to 2002.12

    Business Approach

    Under Codispoti's leadership, Goodlife has adopted a focused product strategy:

    • Adheres to a 70-20-10 rule for inventory management4
    • 70% of inventory consists of core products, primarily T-shirts
    • 20% includes popular but not yet core products
    • 10% is reserved for new, experimental items

    This approach has resulted in:

    • A high repeat purchase rate of nearly 60%
    • A low return rate of 8%, compared to the industry average of 16%4

    Codispoti has also implemented strategies such as:

    • Maintaining wholesale partnerships, particularly with Nordstrom4
    • Launching a subscription model called T-shirt Club4
    • Expanding into physical retail spaces as a cost-effective customer acquisition channel3

    He emphasizes the importance of building brand equity and customer loyalty over rapid, unsustainable growth.4

    Highlights

    Jul 13 · glossy.co
    DTC menswear brand Goodlife is taking a page from the CPG ...
    How Goodlife Clothing is growi - Retail Gets Real - Apple Podcasts
    Jul 5 · nrf.com
    Goodlife Clothing follows the data to build an authentic brand

    Related Questions

    What strategies has Andrew Codispoti implemented at Goodlife to drive growth?
    How did Andrew Codispoti transition from Dahlman Rose & Co. to Trident Capital Partners?
    What is the 70-20-10 rule that Andrew Codispoti follows at Goodlife?
    How has Goodlife's subscription model, T-shirt Club, impacted customer retention?
    What are some key differences between Goodlife's approach and other DTC brands?
    Andrew Codispoti
    Andrew Codispoti, photo 1
    Andrew Codispoti, photo 2
    Add to my network

    Location

    New York, New York, United States