ESW x Reformation

International growth, executed market by market with ESW.

ESW x Reformation

Significantly underpenetrated internationally, with meaningful runway ahead. Here's what running that looks like, city by city.

That’s the picture your S-1 lays out: 245,000 active non-U.S. customers, and a city-by-city expansion strategy bespoke to each market, with e-commerce localization named as one of its four pillars. ESW is the operating model that runs that playbook — global commerce infrastructure with a native Salesforce Commerce Cloud integration, and a dedicated growth team, working as one engagement, market by market. 

The 3 point summary for Reformation

  • For International Growth

    Your UK playbook worked, with more than five times net revenue growth from 2019 to 2025. ESW runs that playbook as an ongoing program: localization, payments, delivery options and per-market testing, with a named growth team accountable for it.

  • For Finance

    Under the B2B2C model, your goods sell to ESW's local entity at wholesale, and that sale becomes the import event, so duty is assessed on wholesale value rather than retail. Drawback Assistance then recovers duty and VAT on returned and re-exported goods

  • For Operations

    With more than 50 return centers globally, international returns are processed in market rather than travelling back to the origin warehouse, lowering shipping costs and faster refunds for your customers.

More than a platform

A platform gives you rails. It does not tell you why conversion dropped, and it does not fix it. Conversion drops have specific causes; a localization gap in one market, a missing payment method in another, a delivery expectation mismatch in a third. Every brand ESW works with is assigned a dedicated Client Success team who runs a Strategic Growth Program: accountable for the program end to end, and connecting your teams directly to their counterparts in logistics, trade, payments, risk, product and CX. They find those causes, apply the fixes and monitor the results.

The engagement follows a defined lifecycle; onboard, stabilize, run, optimize, and grow, rather than an open-ended retainer. What that looks like in practice:

  • Quarterly mystery shopping: one to two shops across two international markets, mapping the full customer journey  
  • Quarterly competitor analysis: three to four competitors reviewed each quarter, alternating sets so intelligence accumulates rather than resets  
  • A/B and patch testing on cart and checkout pages, with a quarterly test roadmap review you control  
  • Monthly systematic review that turns every friction point across your top markets into a revenue opportunity  
  • One consistent view of performance across conversion, payments, fulfillment, returns and operations, rather than data fragmented by currency, channel and fulfillment model  

“With ESW’s support, we’ve streamlined our import processes and enhanced our online shopping experience, making ESW a key part of our success in reaching more customers around the world.”

Chief Digital Officer, DSQUARED2

For Finance.

The costs that grow that Reformation can avoid and mitigate:

Every cross-border return leaves duty on the table  

When an international order comes back, the duty paid to get it across the border does not come back with it. The customer is made whole. The brand absorbs the difference. It is a quiet cost that scales directly with international volume and return rate — and in a fit-driven category, it scales fast.  

Duty exposure that moves with policy, in both directions  

2025 gross margin came in at 60.2%, reduced by 360 basis points from IEEPA tariffs. In the first quarter of 2026 gross margin was 70.3%, lifted by roughly 900 basis points from the refund of those same tariffs. Two quarters, two directions, one underlying condition: every consumer order still crosses the border at retail value, with full liability, and the exposure moves with whatever policy does next. 

What changes market-by-market.

Frequently Asked Questions (FAQs):