"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-06-09T12:47:28Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/06/06/fresh-money-lug-bags-orig.cnn"
data-branding-key="fresh-money"
data-video-slug="fresh money lug bags orig"
data-first-publish-slug="fresh money lug bags orig"
data-video-tags="business, economy and trade,business and industry sectors,retail and wholesale trade,online and home shopping,economy and economic indicators,economic indicators,consumer behavior,companies,qurate retail group,qvc,company activities and management,computer science and information technology,mobile apps,mobile technology,new products,product management,software and applications,technology"
data-details="">
Video Ad Feedback
The story behind the bag that sold out in 2 minutes
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-06-09T12:47:28Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/06/06/fresh-money-lug-bags-orig.cnn"
data-branding-key="fresh-money"
data-video-slug="fresh money lug bags orig"
data-first-publish-slug="fresh money lug bags orig"
data-video-tags="business, economy and trade,business and industry sectors,retail and wholesale trade,online and home shopping,economy and economic indicators,economic indicators,consumer behavior,companies,qurate retail group,qvc,company activities and management,computer science and information technology,mobile apps,mobile technology,new products,product management,software and applications,technology"
data-details="">
Video Ad Feedback
The story behind the bag that sold out in 2 minutes
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-06-04T13:18:21Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/06/04/na-beer-wine-spirits-non-alcoholic-boom-fm-orig.cnn-business"
data-branding-key="fresh-money"
data-video-slug="na beer wine spirits non alcoholic boom fm orig"
data-first-publish-slug="na beer wine spirits non alcoholic boom fm orig"
data-video-tags="alcoholic beverages,beverage industry,beverages,business and industry sectors,business, economy and trade,consumer products,distilled liquors,food and beverage industry,food and drink,food production industry,food science and technology,kinds of foods and beverages,technology,wine"
data-details="">
Video Ad Feedback
The fastest growing trend in adult beverages will surprise you
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-05-23T21:26:55Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/05/23/sustainable-fashion-aday-fm-orig.cnn"
data-branding-key="fresh-money"
data-video-slug="sustainable fashion aday fm orig"
data-first-publish-slug="sustainable fashion aday fm orig"
data-video-tags="arts and entertainment,banking, finance and investments,business and industry sectors,business, economy and trade,clothing and accessories,consumer products,fashion design,financial markets and investing,financing and stock offering,private equity,retail and wholesale trade,specialty store,venture capital"
data-details="">
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-05-18T20:33:03Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/05/18/lizzo-shapewear-brand-yitty-fm-orig.cnn"
data-branding-key="fresh-money"
data-video-slug="lizzo shapewear brand yitty fm orig"
data-first-publish-slug="lizzo shapewear brand yitty fm orig"
data-video-tags="arts and entertainment,business and industry sectors,business, economy and trade,clothing and accessories,clothing labels,consumer products,music,music and dance,music groups and artists,musical styles,rap and hip-hop music,singers and musicians"
data-details="">
Video Ad Feedback
Lizzo wants to make 'feeling good as hell' possible with new shapewear line
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-05-10T13:23:08Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/05/06/lithium-mining-salton-sea-geothermal-ev-battery-energy-fm-orig.cnn-busines"
data-branding-key="fresh-money"
data-video-slug="lithium mining salton sea geothermal ev battery energy fm orig"
data-first-publish-slug="lithium mining salton sea geothermal ev battery energy fm orig"
data-video-tags="companies,tesla inc,alternative fuel vehicles,automotive fuels,automotive industry,automotive industry and environment,business and industry sectors,business, economy and trade,crime, law enforcement and corrections,crimes against persons,criminal offenses,domestic violence,electric vehicles,societal issues,society,violence in society"
data-details="">
Video Ad Feedback
From Tesla to GM, automakers eye 'white gold' in this toxic desert lake
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-05-07T12:19:47Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/05/06/collab-crib-tiktok-black-influencer-house-atlanta-orig-llr.cnn"
data-branding-key="fresh-money"
data-video-slug="Collab Crib TikTok Black Influencer house Atlanta orig llr"
data-first-publish-slug="Collab Crib TikTok Black Influencer house Atlanta orig llr"
data-video-tags="african americans,atlanta,business and industry sectors,business, economy and trade,commercial and residential property,continents and regions,demographic groups,georgia,internet and www,mansions,minority and ethnic groups,north america,population and demographics,real estate,residential property,social cultures and lifestyles,social media,society,southeastern united states,technology,the americas,united states"
data-details="">
Video Ad Feedback
'This is where dope Black culture is': Inside Atlanta's influencer house
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2020-12-16T14:01:53Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2020/12/10/slutty-vegan-pinky-cole-orig-jg.cnn-business"
data-branding-key="fresh-money"
data-video-slug="slutty vegan pinky cole orig jg"
data-first-publish-slug="slutty vegan pinky cole orig jg"
data-video-tags="business and industry sectors,business, economy and trade,diet and nutrition,diet, nutrition and fitness,diseases and disorders,employment and income status,food and beverage industry,food and drink,food trends,health and medical,income inequality,infectious diseases,labor and employment,restaurant and food service industry,restaurant industry,restaurants,social and economic status,societal issues,society,vegetarian and vegan diets,epidemics and outbreaks,public health"
data-details="">
Video Ad Feedback
This vegan restaurant is actually opening locations during the pandemic
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2020-12-09T13:42:49Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2020/12/08/orangetheory-fitness-ceo-zw-orig.cnn-business"
data-branding-key="fresh-money"
data-video-slug="Orangetheory fitness ceo zw orig"
data-first-publish-slug="Orangetheory fitness ceo zw orig"
data-video-tags="business, economy and trade,company activities and management,coronavirus,coronavirus pandemic,diet, nutrition and fitness,diseases and disorders,epidemics and outbreaks,exercise and fitness,health and medical,infectious diseases,life forms,microscopic life,product development,product innovation,product management,public health,viruses"
data-details="">
Video Ad Feedback
This gym is actually opening studios during the pandemic
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2020-12-07T14:07:28Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2020/10/30/goldbelly-joe-ariel-orig-jg.cnn-business"
data-branding-key="fresh-money"
data-video-slug="goldbelly joe ariel orig jg"
data-first-publish-slug="goldbelly joe ariel orig jg"
data-video-tags="business and industry sectors,business, economy and trade,diseases and disorders,epidemics and outbreaks,food and beverage industry,food and drink,health and medical,infectious diseases,public health,restaurant and food service industry,restaurant industry,restaurants"
data-details="">
Video Ad Feedback
Goldbelly is shipping food from iconic restaurants nationwide
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2020-12-02T17:50:54Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2020/12/01/black-female-founders-partake-the-cru-cherry-blossom-orig.cnn-business"
data-branding-key="fresh-money"
data-video-slug="black female founders partake the cru cherry blossom orig"
data-first-publish-slug="black female founders partake the cru cherry blossom orig"
data-video-tags="african americans,banking, finance and investments,business, economy and trade,demographic groups,financial markets and investing,minority and ethnic groups,population and demographics,private equity,society,venture capital"
data-details="">
Video Ad Feedback
How these Black women raised more than $1 million in VC funding
05:07
Now playing
- Source:
CNN Business
New YorkCNNBusiness
—
In 2020, when the pandemic brought all nonessential travel to a grinding halt, Ami and Jason Richter had to think fast. They were running a flourishing business called Lug that sold fun travel bags and accessories and had a growing legion of fans, which included Oprah.
But as travel bans went into effect, households succumbed to lockdowns and work from home quickly become the norm, buying backpacks and shoulder bags was the furthest thing from people’s minds.
It was in that moment that Ami leaned on a familiar approach to navigate the company through the uncertainty.
“I’ve always believed in keeping our eyes forward and continuously reinventing our products to meet new situations in our customers’ lives,” she said.
Lug has sold over 15 million products to date.
Courtesy Lug
When the husband-and-wife team cofounded Lug in 2005, their idea was to create a line of highly functional yet playful quilted bags and accessories to keep people organized on the go. They launched the company that year with just three products – luggage tags, luggage straps and wallets, adding more and more varied items as their company grew.
Lug’s colorful bags feature multiple pockets and compartments to store a variety of everyday essentials like phones, laptops, cosmetics, water bottles, wallets, keys, and clothes. By the beginning of 2020, their product portfolio had expanded to over 150 different items, including gym bags, laptop bags, backpacks and suitcases.
But as travel plummeted amid the pandemic, sales of luggage and all travel-related items were decimated. Ami had to find a way to keep Lug bags relevant to a completely changed marketplace. She did it by adapting bag designs to meet the new pandemic-era lifestyles of consumers.
“We basically looked at the rapidly changing environment and catered our products to it,” said Jason.
For example, Ami added wipeable pockets made of vinyl-like material to new designs so customers could easily sanitize the bags and find face coverings as well as extra pockets to hold hand sanitizers.
Lug sells a variety of bags, including backpacks, shoulder bags, gym bags and carry-on luggage.
Courtesy Lug
She said a majority of Lug bags now have clear wipeable pockets “where it makes sense in the design.” They also added pen holder pockets so people have their own pens at the ready.
Lug already had an advantage going into the pandemic with its primarily direct-to-consumer sales model. In 2015, the brand had joined QVC, a move that expanded their market reach to over 500,000 new customers, said Jason.
In their very first QVC appearance on July 24, 2015, Ami showcased a Lug bag called the “Puddle Jumper”, a knapsack with multiple zippered pockets inside and out. It sold out in two minutes.
“While brick-and-mortar store and malls shut down, being on QVC kept us going,” said Jason. The business’ sales increased through the pandemic and they continue to grow 15% to 20% year-over-year, he added.
“At some point road travel came back,” said Ami. “Families were visiting their parents, their grandparents and our bags were selling.”
Crafting a Lug lifestye
To date, the company says it has sold more than five million products just through QVC and more than 15 million products overall since it was created. That’s a long way from its humble “kitchen table” beginnings.
Ami and Jason met in 2004 at a Las Vegas trade show. She had a small booth next to his where she displayed a collection of urban laptop bags and other products. He was showcasing a T-shirt line.
They fell in love and spent the next several months visiting each other in Toronto and Dallas. Their long drive between the two cities inspired the idea for Lug.
Lug cofounders Ami and Jason Richter.
Courtesy Lug
“We just really wanted to bring bright, happy colors to the travel space because it felt really black and brown and boring,” said Ami, who identified Lug’s core customers as women 40 and above, with active and busy lives who appreciate being organized.
They bootstrapped the company with $30,000 they had saved and invested the profits back into the business. The Richters said they haven’t taken any outside funding to grow Lug since then.
“We drained our bank accounts and would max out credit cards for gas for our car trips,” said Ami. “We were also our own salespeople and knocked on a lot of doors just pitching Lug.”
The turning point came in 2011, when the brand was picked up by a Canadian television home shopping channel. The QVC partnership followed two years later.
In October 2020, in the midst of the pandemic, Ami and Jason launched a daily online live shopping show called Lug Live hosted by superfans of the brand. It has six hosts who each show a curated collection of Lug products and discuss how they fit into their everyday lives.
Ami’s next idea hints at her vision of Lug becoming a lifestyle brand beyond bags.
In October the company will introduce Lug sleepwear and loungewear – on QVC, of course. “We’re about fun. Our customers already love to match our bags to what they’re wearing,” she said. “Now they can dress head-to-toe in one of our prints.”