Wilding: You appeared on Shark Tank, but didn't get a deal. Read more about the company and its story in this weeks Small Business Spotlight. Despite failing to secure a deal on Shark Tank, Basic Outfitters saw explosive growth, with sales increasing by 1000% to $5 million. This trailblazing deal includes 10 pairs of socks, 3 pairs of undershirts, 3 pairs of underwear, and a pair of sweatpants. This got a few mixed laughs from the Sharks. Laura and Michael were named to Forbes 30 Under 30. Only time will tell. We launched a partnership with JetBlue, featuring our famed SuperSoft socks in their Mint amenity kits. Read on to find the best eco-friendly fashion, home, and travel gear brands for Earth Day. After a lot of negotiation, both Kevin and Lori backed off because of the overwhelming share of other investors in the brands equity. With brand development, Laura and Michael also decided not to turn into a luxury apparel option. Laura asked the Sharks if they knew that men kept their underwear for an average of 7 years. : The vision is good, the product is good, the execution is ridiculous. What a brilliant concept. WebBasic Outfitters Shark Tank Recap Laura and Michael enter seeking $125,000 for a 10 percent of their company. The couple launched Basic Outfitters, which sells high-quality men's fashion staples such as socks and underwear, two years ago. The more details of the brand and its products will be discussed in the following Basic Outfitters review. Your Business: Amazon Fresh Groceries & More Right To Your Door: AmazonGlobal Ship Orders Internationally: Home Services Experienced Pros Happiness Guarantee: Amazon Ignite The DaKine High Roller is one of the best available at meeting all of these needs. What is the Scan App? Mark asked why they wanted to be sitting on all that inventory, and Michael said that they want to be prepared for the demand. WebThe most convenient way to shop for basics. This entire deal of 17 pieces of basic apparel items is priced at around $60. None of the Sharks looked impressed at this point. Basic Outfitters on Shark Tank Michael and Laura Dweck walked out onto the stage holding hands. Michael and Laura Dweck value premium-quality products, beautiful packaging and a seamless shopping experience. It gave us a really fresh perspective on our business. What Happened to Scan App After the Shark Tank Pitch? How long were Basic Outfitters products kept? The company was offered for sale in 2019, and the founders withdrew from the business in June 2019. Single items can also be purchased starting at $15. Basic Outfitters is a clothing brand that specializes in providing men with high-quality and fashionable basics, such as T-shirts, underwear, socks, and sweatpants, that can be customized to suit their needs. They were in the Shark Tank because they wanted to build Basic Outfitters to be the next big empire. That translated to month-over-month sales growth of 1,000 percent the month we aired! When they began their new married life together, Laura decided that her new husbands old, ratty undies and socks needed to go. They faced the Sharks and introduced themselves. Butthe negotiation went sideways when Sharks discovered the Dwecks had already sold 75% of the business. Read more about the company and its story in this weeks Small Business Spotlight. I also limit my cell phone use on weekends to make time for friends and family. It was this deal that enabled Basic Outfitters to outshine big, experienced competitors. The clothing is simple, beautiful and long-lasting. *Amazon and the Amazon logo are trademarks of Amazon.com, Inc., or its affiliates. Customers can opt for a full drawer or buy individual items starting at just $15. Its Create-a-Drawer feature sends at least 17 different clothing pieces to men with free shipping. Your gear should be protected, it should be pretty easy to tow behind you when walking through an airport, and it should carry all the things you need for your snowboarding or skiing adventure. Continue with Recommended Cookies. No information is available about who purchased the company. We intend to grow this business tremendously, and we knew that getting onto Shark Tank would fast track that growth.. The company has remained true to its niche and has continued to offer basic mens apparel at affordable prices. 220 of them are out of business. Laura and Michael J. Dweck, the married founders of the apparel startup Basic Outfitters, had wooed the sharks. The company also offers its own subscription service, which delivers new underwear every month. They were relentless in finding the $60 price point and they worked with a buying agency which found Basic Outfitters the factories. 220 of them are out of business. He was asking for 25%. The Essential Guide for MenThe Manual is simple we show men how to live a life that is more engaged. Husband and wife founding duo Michael and Laura Dweck are taking Basic Outfitters to the next level with an appearance on competition show Shark Tank this Friday. I learned the art of persistence from my co-founder and husband, Michael. After Laura and Michael countered with a $125,000 investment in exchange for a 15% stake, Kevin OLeary withdrew. Mark claimed that market research was never right. The brand has managed to break into the market where many long-established brands have monopolized the prices where there is no way to buy quality underwear, undershirt, or a . Michael explained that they invested $250,000 of their own savings into their business. This website is using a security service to protect itself from online attacks. Geoff is a former contributor to The Manual. Michael said that was a good question, and said that the idea had come from when he and Laura 1st got married. What is the net worth of Basic Outfitters? Web3.28K subscribers On this episode of Shark Tank Breakdown we are covering Basic Outfitters! After the show, Basic Outfitters' sales reportedly rose 1000 percent. With this rationale in mind, Laura and Michael launched the Create-A-Drawer deal. This explains why the company has gone out of business. Customers can choose from a variety of styles, colors, and sizes to create their perfect drawer of basics. With Basic Outfitters, this isexactly what you get. Some fail before they air, some after. They extended their Amazon shop, started performing brick-and-mortar pop-up stores, and partnered with Jet Blue. Kevin was up next, and he stated that he looked at the problem in a different way. We dont boss you around; were simply here to bring authenticity and understanding to all that enriches our lives as men on a daily basis. Online, he found a few cool startups but the pricing was way too high for him to be able to refresh all his basics at once. Sales are projected at $500,000 for the year. Create-a-Drawer and receive high quality underwear, loungewear and socks with free shipping. (function(d, s, id) { The couple was pitching investors onthe viability of their startup, Basic Outfitters, which sells high-quality, affordable mens essentials. Viewers were more interested in us as a brand than whether or not we received a deal. Whats one activity pretty much all of mankind can agree sucks to spend time on? Both were named on the Forbes 30 fewer than 30 lists in 2018. Lori asked how much equity they had, while Robert wondered where all the cash went. Michael Dweck, on the other hand, served as an operations manager for chemotherapy and surgical units at Memorial Sloan Kettering. When the Basic Outfitters couple got married in 2014 and moved in together, Michael had to get rid of his old underwear and socks to make up some space for his new wife. Wilding: What's next for Basic Outfitters? This is the site where I share everything I have learned and to help you to become the best version of yourself! Basic Outfitters appeared on Shark Tank in 2016, where the founders, Laura and Michael Dweck, asked for $125,000 for 10% equity. They extended their Amazon shop, started performing brick-and-mortar pop-up stores, and partnered with Jet Blue. Alpha M Consultancy is an Atlanta, Georgia-based mens, Read More What Happened to Alpha M After Shark Tank?Continue, What Happened to Simply Fit Board after Shark Tank? WebDespite not receiving a deal, Basic Outfitters sales increased 1000% to $5 million during Shark Tank. Web3.28K subscribers On this episode of Shark Tank Breakdown we are covering Basic Outfitters! Michael, who worked as an operations manager for chemotherapy and surgical units at Memorial Sloan Kettering, struggled to find affordable and stylish replacements for his old basics. WebIn an effort to acquire funding for expansion and inventory growth, Laura and Michael pitched their company, Basic Outfitters, to the investors on episode 12 of Season 8 of Shark Tank. The businesss mission is to help men step up their game when it comes to undergarments. What Happened to Scan App After the Shark Tank Pitch? The brand has managed to break into the market where many long-established brands have monopolized the prices where there is no way to buy quality underwear, undershirt, or a pair of socks without straining your budget. Michael let him know that they launch the company 10 months ago, and theyve done $351,000 in sales. Nonetheless, the unsuccessful trip to Shark Tank didnt affect Basic Outfitters as a brand. The reason behind Basic Outfitters exemplary success is the price points it is offering for first-rate mens basic garments. Basic Outfitters offers a simple new way for men to shop for the everyday essentials they need most. So many doors were opened for us by connecting with incredible people. It appears that Basic Outfitters is doing well at first glance; however, that is not the case in late 2021. Lori Greiner first replies with $125,000 for 20% equity shares, but withdraws due to concerns about the other investors. He claimed that it was handstitched by Italian virgins. I hit rock bottom first though, long before before I found the strategies that Actually Work to create lasting success. Save my name, email, and website in this browser for the next time I comment. It allows me to be completely present and feel refocused and reenergized when Monday comes around. They walked out of the Shark Tank looking disappointed. However, they did not receive a deal from the Sharks. Even better, unlike some other similar services available on the market right now, Create-a-Drawer is not a subscription service. Basic Outfitters Shark Tank Tale Shark Tank Pitch Recap In Season 8 Episode 12, Laura and Michael Dweck appeared on Shark Tank seeking $125,000 for 10% for their create-a-drawer mens underwear service, Basic Outfitters. However, as of a 2021 update, Basic Outfitters Facebook page has been inactive since January 2020, their items on Amazon are currently unavailable, and their website does not provide a means of purchasing merchandise. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. DaKine High Roller snowboard bag review: Traveling like a pro (snowboarder), The DaKine High Roller snowboard bag meets all of your traveling needs, The best mens dress socks for both comfort and style, Treat your feet to the best dress socks the industry has to offer, The 11 best sustainable brands for Earth Day (and every day), Shop a little easier on Earth Day with these sustainable brands. Co-creator Michael Dweck had finally had enough of spending too much money on the basic clothing items that he needed but didnt want to spend time purchasing. Basic Outfitters is a company that helps men restock their wardrobes with basic clothing items in the shortest amount of time possible. The companys unique selling point is its Create-a-Drawer feature, which allows customers to create their own customized drawer of basics. A few of the companys clothing items are still available on Amazon. They finish their presentation by asking the Sharks who want to invest in their business and get rid of that disgusting statistic. Mark asked how much they raised in addition to that. What is Basic Outfitters and Who is the founder of Basic Outfitters? Ariel enjoys traveling, hiking, unnecessary impulse purchases, and making things with her hands. That, combined with the fact that his basics collection was a little outdated and a lot mismatched, gave himthe idea to create a basics shopping experience that was simple, hands-off and ultra-convenient. They appeared on the Season 8 Episode 13 of SharkTank and may have walked away from the show without a deal, but according to them, they walked away with something much more valuable. Would the Sharks still decide to invest? A few of the companys clothing items are still available on Amazon. Over $10,000 in funding available! Basic Outfitters is probably out of business as of 2022. According to the companys official website, Basic Outfitters is the most convenient way to shop for basics.. In fact, the husband and wife team behind the company, Laura and Michael Dweck, even brought their idea to Shark Tank. Lauren and Michael Dweck decided that they wanted to start their own business after having a relatable experience. They have a flagship create-a-drawer service that sends 19 items, including socks, underwear, T-shirts, and jogger sweatpants, to customers. You have entered an incorrect email address! Laura said that they had some amazing drawers to hand out to the sharks. Mark likes the idea, but not their execution, hes out. Laura has a background in fashion design. Your Business: Amazon Fresh Groceries & More Right To Your Door: AmazonGlobal Ship Orders Internationally: Home Services Experienced Pros Happiness Guarantee: Amazon Ignite The model I tested is the 175cm version, one of the longest DaKine offers. In our new cozy NYC apartment, I wouldnt stand for his accumulated collection of tattered socks and underwear. Dweck:There is a lot of noise in our category, but we cut through it by focusing on how men shop, not just on what they shop for. WebBasic Outfitters sells high-quality mens fashion staples such as socks and underwear. Wilding: What did you learn from the Shark Tank experience? Shark Tank Success Shark Tank Season 8 Basic Outfitters: Shark Tank Update After the Show. Bathing suits that fits comfortably, yet dramatically sculpt the waist, lift the bust and smooth the belly. Early in the pitch, they reveal they only own 25% of their company, which discourages the Sharks. Bride Killed, Groom Critically Injured by Drunk Driver Just Hours After Popular Paleo and Keto Diets Can Be Harming Your Heart, Eagle Who Adopted a Rock Is Now a Real Dad, Woman Shot Dead After Pulling Up In Wrong Driveway, Boys Born to Mothers with COVID-19 May Have Altered Brain Development. Basic Outfitters products are sold on Amazon.com, which is the largest online retailer in the world. Basic Outfitters is probably out of business as of 2022. So he doesnt have to worry about monthly payments on a service he wont need for a while (those socks are long-lasting, remember?). What were the payment methods accepted by Basic Outfitters? They were thrilled to hear the couple estimated $500,000 in sales for the year. They extended their Amazon shop, started performing brick-and-mortar pop-up stores, and partnered with Jet Blue. var js, fjs = d.getElementsByTagName(s)[0]; They revealed that they only owned 25% of the company, which did not sit well with the investors. Kevin OLeary was fond of the idea and made an offer of $125,000 for a 25% stake in the company, subject to the other investors agreeing to the percentage. Laura has a background in fashion design. Dweck: We have a lot of exciting initiatives in the pipeline. There have been so many situations where we didnt get the response we wanted, or we didnt receive a response at all, and that couldve been the end of that. At first, things we're looking up. This entire deal of 17 pieces of basic apparel items is priced at around $60. Lori Greiner accepted Kevins proposal. All of their factories are WRAP (Worldwide Responsible Accredited Production) accredited, assuring that their products are ethical, safe, legal, and compassionate. After Shark Tank, Basic Outfitters extended their Amazon shop, started selling in Urban Outfitters, and partnered with Nordstrom. Scan is a mobile app, Read More What Happened to Scan App After the Shark Tank Pitch?Continue, What Happened to PsiBands After Shark Tank? The brand has kept its niche and remained focused on basic mens apparel. What Happened To Ice Cream Canteen After Shark Tank? Basic Outfitters Instagram Handle is @basicoutfittersnyc. I live and breathe by my outlook calendar and have recently started flagging any emails that need follow up to ensure nothing falls through the cracks. McClary Bros Drinking, Read More What Happened to the McClary Bros After the Shark Tank Pitch?Continue. What Happened to the McClary Bros After the Shark Tank Pitch? We launched Basic Outfitters with a mission to make it as easy as possible for men to refresh their basics with high quality product at affordable price points. Basic Outfitters has left the Shark Tanks setback way behind. Despite getting two offers, Laura and Michael walked away without a deal. The two decided to combine her fashion experience and his business acumen to form Basic Outfitters. Basic Outfitters on Shark Tank Michael and Laura Dweck walked out onto the stage holding hands. Basic Outfitters has bounced back from the setback and has continued to grow and expand its brand. The Create a Drawer package obviously offers the best value. However, no other brand has come up with the concept of creating a drawer with one comprehensive pack that includes an assorted collection of various basic garments. With Create-a-Drawer, he can get up to 19 basics including a selection of underwear, socks, undershirts and joggers (a $120 value) for just 50 bucks. Over $10,000 in funding available! He said that the vision and the product were good, but the execution was ridiculous. Laura and Michael were named to Forbes 30 Under 30. He asked the Sharks for an investment of $125,000 in exchange for 10% of their company. What Happened to IcyBreeze After Shark Tank? It was this deal that enabled Basic Outfitters to outshine big, experienced competitors. In fact, the husband and wife team behind the company, Laura and Michael Dweck, even brought their idea to Shark Tank. How many employees does Basic Outfitters have? With all those expensive brands around, there was no way for people with an average income to create their drawer in one go without using up their entire paycheck. Each product has an expiration date that proofs its quality. Both Laura and Michael have been named Forbes 30 under 30 for the resounding success of Basic Outfitters. What Happened To Crispy Cones After The Shark Tank? Lori said that she would be willing to come down to 20% equity. An example of data being processed may be a unique identifier stored in a cookie. Basic Outfitters flagship service, Create-a-Drawer, is the answer to everymans sock and underwear shopping dilemma. Michael kept trying to argue the point, but the Sharks were having none of it. Laura and Michael J. Dweck, the married founders of the apparel startup Basic Outfitters, had wooed the sharks. Basic Outfitters Shark Tank Tale Shark Tank Pitch Recap In Season 8 Episode 12, Laura and Michael Dweck appeared on Shark Tank seeking $125,000 for 10% for their create-a-drawer mens underwear service, Basic Outfitters. She seems familiar because in September 2016,she and her husband Michaelappeared on ABC'sShark Tank. What was the lead-time for the Create a Drawer subscription? Both were named on the Forbes 30 fewer than 30 lists in 2018. Laura is proof that it's possibleand to do so with style and grace. However, the company faced tough competition in the market from businesses focusing on the same line of products. WebDespite not receiving a deal, Basic Outfitters sales increased 1000% to $5 million during Shark Tank. The entrepreneurs countered by saying that they expected to make $500,000 by the end of the year. They had outside investors who love the idea of Basic Outfitters. During their pitch on Shark Tank Season 8, the founders, Laura and Michael Dweck, asked for $125,000 for 10% equity but did not receive a deal. What Became to Basic Outfitters After Shark Tank? A born entrepreneur, Baer founded six digital companies You Go Natural Hair Accessories for Textured Hair. Laura explained that when they started Basic Outfitters, there is a huge potential based on the market research that they did. Husband and wife founding duo Michael and Laura Dweck are taking Basic Outfitters to the next level with an appearance on competition show Shark Tank this Friday. What Offer Did They Walk Away With After Their Shark Tank Episode? In their interview after being in the tank, Michael stated that they had 25% of the company that was going to be huge. Over the years, 1082 different businesses have appeared in the Tank. The basic drawer consists of up to 17 products and costs $60. The consent submitted will only be used for data processing originating from this website. WebThe Air Leaves the Tank | Basic Outfitters Shark Tank - YouTube. Hey, Im John Poole (JP), the founder and author of Shark Tank Success. Is It Time To Change Director Board Compensation In Private Real Estate Firms? Men want high-quality fabrics that last (so theres more time between shopping trips) and an easy buying experience. How long Basic Outfitters was last when used? Coffee Meets Bagel Shark Tank Net Worth 2023. This means that Basic Outfitters customers can store their goods until the items expire. We're simply huge fans of the show. Daymond John also opted out for similar reasons. Single items can also be purchased starting at $15. This explains why the company is no longer in business. Daymond wants to know how they could afford to sell it at that price. Their assortment of socks, underwear, undershirts and joggers offer something for every taste. Opinions expressed by Forbes Contributors are their own. Basic Outfitters Net Worth 2022 What Happened After Shark Tank, Super Potty Trainer Net Worth 2022 What Happened After Shark Tank, BellyBuds Net Worth 2022 What Happened After Shark Tank, Basic OutfittersNet Worth 2022 What Happened After Shark Tank. What were Basic Outfitters wholesale prices? Many of them also offer packs of a couple of pairs of socks, underwear, and inners. After the show, Basic Outfitters' salesreportedlyrose 1000 percent. They dont mention anything about their salary on their website. The sharks are amazed by both the quality and price of the clothing. The Create-a-Drawer package makes a great gift, and is perfect for stocking up on-the-go. Shark: None. Because he cant wrap his brain around the equity split, Robert Herjavec went out. He said that it didnt make sense to take any of their equity. Ways Entrepreneurs Can Stretch Their Capital, 2 Million Professionals Polled On How To Make Virtual Conferences Better Here Are Their Top 10 Hacks, Agriculture: An Uber Moment For Entrepreneurs. They faced the Sharks and introduced themselves. One should just have an endless supply of these everyday essentials, and when theyre too worn out to be of any further use, more should just appear magically say, right in your mailbox. This trailblazing deal includes 10 pairs of socks, 3 pairs of undershirts, 3 pairs of underwear, and a pair of sweatpants. The celebrity investors liked their business and product. Basic Outfitters main products were its underwear and socks, which can be purchased online or through their Amazon account. This planted an idea in his head to create a more convenient way for men to shop these garments and this is when Basic Outfitters was born! Basic Outfitters: Shark Tank Update After the Show, Mens Sizing; Slim to Body; More European Cut, Lightweight Everyday Shirt; Great Undershirt for Layering or For Wearing On Its Own in Warmer Climates, Super Soft Hand Feel; Solid Fabrics 100% Cotton; Heather Fabrics are a Cotton/Polyester Blend. WebDespite not receiving a deal, Basic Outfitters sales increased 1000% to $5 million during Shark Tank. This amazing apparel company offers high-quality, personalized, and trendy mens clothes. While other brands are trying to reinvent underwear without regard to price or convenience, we stay heavily focused on providing the ultimate value and convenience through the seamless shopping experience of the Create-a-Drawer. In fact, the husband and wife team behind the company, Laura and Michael Dweck, even brought their idea to Shark Tank. WebBasic Outfitters was born out of the demand for high-quality, well-priced, fashionable and comfortable basics. Then, just sit back and wait for the package to arrive. Basic Outfitters main competitors are; Izola, Mitscoots Outfitters, Summersalt, and ABC Underwear. 220 of them are out of business. This inspired the couple to create Basic Outfitters, which allows men to restock their entire wardrobe with basic clothing items for as little as $60. How do you rebound from a public rejection like that? They want it all at a great price, too. Your Business: Amazon Fresh Groceries & More Right To Your Door: AmazonGlobal Ship Orders Internationally: Home Services Experienced Pros Happiness Guarantee: Amazon Ignite She said that the sock that she was holding was the softest most amazing is shes ever felt her entire life. }(document, "script", "aweber-wjs-90cfrp78n")); 2022 Amazon Associates Program. According to the companys official website, Basic Outfitters is the most convenient way to shop for basics.. The basic drawer consists of up to 17 products and costs $60. What was the delivery period of Basic Outfitters? js = d.createElement(s); js.id = id; Mark Cuban appreciated the idea but was not fond of the execution, so he declined. Laura said that she was the true victim of that statistic. The entire Basic Outfitters brand has come into existence for men who want to fix up their messy drawers with some fresh pairs of socks and undergarments. Also, Basic Outfitters is a brand for a common man with a modest monthly income who cant afford to splurge on a branded underwear with a price tag lingering around $50. They revealed that early in the presentation that they only control 25% of their company, which irritates the Sharks. The sharks are amazed by both the quality and price of the clothing. The Simply Fit Board is a, Read More What Happened to Simply Fit Board after Shark Tank?Continue, What Happened to the McClary Bros After the Shark Tank Pitch? She said that she did what needs to be done and demonstrated by taking all the offending clothing out of a dresser on stage with tongs and throwing it into a hazardous-waste bucket. There 7 employees is listed on their website but the company is out of business. Laura, who has a background in fashion design, noticed that her husbands old and worn-out basics needed to be replaced when they got married. The couple requested $125,000 in exchange for a 10% stake in their company, which was valued at $1.25 million. Its important for you and your business to prioritize networking. It is counted from the day that the goods arrive at their home, not when they received them. Are Basic Outfitters Still In Business? Based on the search results, it appears that Basic Outfitters is no longer in business. The company plans to add more stores throughout the country. She asked Lori to bring down the equity a little bit more. What Happened to Alpha M After Shark Tank? The Create-a-Drawer package makes a great gift, and is perfect for stocking up on-the-go. We think it was the tipping point for the brand. No, it is not a scam. She told the sharks that when they 1st got married, she decided to put her foot down and not put up with that anymore. They expanded their Amazon store, started doing pop-up stores, and partnered with Jet Blue. He wanted the number in dollar amounts. WebBasic Outfitters was born out of the demand for high-quality, well-priced, fashionable and comfortable basics. You may remember Laura Dweck. Many brands offer basic garments for men, including all the items that are being sold at Basic Outfitters. After mulling over the business proposition and with some initial blunders, they finally managed to put up a brand with the named Basic Outfitters. Yes, it was a good investment. The entire collection of Basic Outfitters boasts about low price points. Its flagship Create a Drawer service, which costs $60, allows men to throw away their whole sock and underwear drawer and start again. They were able to tell their story to over 6 million viewers and received valuable feedback from the Sharks. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Basic Outfitters underwear and socks are available in different colors and sizes. Men were now able to get up to 17 basics for $60. Basic Outfitters is a brand for men who want to fix up their messy drawers with some fresh pairs of socks and undergarments. She claimed that she knew that there is a pocket of opportunity that they could capitalize on. They have a flagship create-a-drawer service that sends 19 items, including socks, underwear, T-shirts, and jogger sweatpants, to customers. His work regularly appears in top outlets including Travel Channel, Bloomberg Pursuits and Robb Report. They have a flagship create-a-drawer service that sends 19 items, including socks, underwear, T-shirts, and jogger sweatpants, to customers. Out of 50,000 companies that apply each year, the Dwecks were chosen to be one of 80 business featured on the show, which is pretty damned impressive. In the end, viewers resonated with our relatable founding story and were impressed by our really attractive Create-a-Drawer model. : The vision is good, the product is good, the execution is ridiculous. Michael told Mark that his garments were in Maverick colors. The company was valued at $1.25 million during the pitch, since the company is no longer in business and hence the company valuation is unavailable. There is no more information available on who purchased the firm. WebThe most convenient way to shop for basics. Basic Outfitters isnt your average clothing brand.