Made in the Shade
When this entrepreneur couldn't find hosiery in the right shade, she decided to do something about it.
What: Manufacturer and retailer of hosiery for ethnic
women
Who: Terri Franklin, founder of Accents of Color
Where: Atlanta
When: Started in 2002
Wearing pantyhose can be a challenge in and of itself, but Terri
Franklin, 49, had another difficulty: finding the right shade of
brown to match her skin tone. She found she wasn't alone in the
struggle. Like Franklin, other women with dark complexions were
tired of the limited choices. "Black and off-black don't
go with everything," she says.
In 1989, Franklin began researching the hosiery industry in
hopes of creating a line of shades for ethnic women. Throughout the
process, she ran into stumbling blocks--manufacturers wouldn't
work without knowing that stores would carry the line, and the one
manufacturer who agreed to make the product botched an entire
batch. Franklin put the idea on hold in 1992, but a decade later,
the time was right. "The growth of the internet was
instrumental," she explains. "The challenge of how many
stores [would carry it] was no longer an issue." With an 800
number and a marketing plan that included attending events like
hair shows and conferences for minority businesswomen, where she
knew her target audience would be, Franklin found a manufacturer,
and Accents of Color finally materialized in 12 shades.
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At the end of 2003, Franklin left her job of 25 years with
AT&T and went full time with the business. Her redoubled
efforts landed her line in small boutiques and beauty salons
throughout the U.S. Nordstrom has placed an order, and Macy's
is interested. Franklin has also recruited some small-business
owners to sell the line as a complement to their products.
While she keeps her prices competitive with the major hosiery
lines, her smaller production numbers mean less of a markup.
"That's a challenge," admits Franklin, who projects
2006 sales of $200,000. Working on expanding her line into
different styles, including support hose this spring, Franklin
hopes to morph her business into a hosiery and accessories boutique
that she can franchise.