Mar 6, 2018 By: yunews
Evan Hakalir â03SB Co-Founds Successful Childrenâs Clothing Line
Evan Hakalir â98YUHSB, â03SB, co-founder of children's clothing line Andy & Evan, describes himself as âa lifelong entrepreneur.â
âAs a little kid, I was always involved in some kind of businessâlike the time I ran a car wash out of my parentsâ garage and subsequently flooded the placeâtwice,â he said. âWhen I went to Marsha Stern Talmudical Academy/¶¶Òőapp University High School for Boys, then yeshiva in Israel, then the Sy Syms School of Business, I was always looking to sell something, and starting Andy & Evan was a natural outgrowth of that.â
He loved everything he learned at Syms because it matched his inner entrepreneurial spirit. âI loved everything there was to learn about business at Syms. I took many classes in entrepreneurship, including a Friday class where invited business professionals came in to speak to the students about their fields and their success storiesâthat was by far my favorite class.â
After graduating in 2003, he worked in banking and commercial real estate, but in 2008, while he was working at a boutique real estate finance fund focused on structured finance and off-market real estate-related opportunities, the real estate market completely bottomed out. The fund went out of business shortly thereafter, having been invested in South Florida, where real estate losses were especially heavy, and he and a (now former) partner were suddenly free to pursue business ideas they had been discussing at their synagogue and other social gatherings.
They first tried out an idea involving custom-made menâs dress shirts but moved into childrenâs clothing when his then-business partnerâs son was born. They crafted a dress shirt for him with a bottom snap closure and, on the suggestion of an associate, brought the shirt to a wholesale trade show for childrenâs clothing. âWe were swamped for three days straight,â he recalled. âSo, we took that one product and, by 2010, had built a collection around it, a brand around it and a business around it. Over the last eight years, we have kept finding niches to fill, white space in the marketplaceâwe started selling through stores like Nieman Marcus and Nordstrom, becoming a reliable supplier for them while always looking for more opportunities.â
As with any business these days, Hakalir has had to manage the continual changes in retail as the industry moves from location-based to online selling (a point he emphasized in a January 2017 ). âToday, you have to live in many different places; you canât just live in brick-and-mortar retail anymore,â he explained. âYou have to be up on all the latest technology to be a strong digital partner to your retail customers, and also build an online presence and a direct connection with your audience through social media and trade shows and ânew parentâ eventsâwe hope that all of this creates demand for our products and allows us to continue to build our brand.â
âWhat satisfies me about what Iâve been able to do with the company,â he noted, âis how much I have enjoyed the chance to create a product, something from nothing.â He added that âwhen I see the transaction, see all the labor coming to fruitionâthere is something so satisfying about that. In fact, sometimes itâs hard to believe that youâre really working as youâre creating something, then selling it and delivering it and seeing it in your customersâ hands.â
The prospects look good for the continued growth of the company, which sells its products all over the world. âWe have found that moms and dads will spend more on their kids than theyâll spend on themselves, grandparents will continue to buy productsâand there are always new babies.â China is a great example of an international market ripe for growth, where the government has changed its family policy to allow for more children. âThink of the growth that will generate over the next 10 years.â
Evan Hakalir lives with his wife, Aliza Bogner Hakalir âo3S, and his two daughters on the Upper West Side of Manhattan.