Brand breakdown · Western boots

Tecovas grew online, then stores took over.

Ads that paid back on the first order built a $40M boot brand. Stores averaging $4M+ a year took it past $300M, and stores are now its biggest channel.

BLOOM10X did not work with Tecovas. This breakdown uses public sources only, linked below.

From online-only to 60 stores
  1. 2015Paul Hedrick starts selling boots online
  2. Year 3About $40M in sales from ads and word of mouth
  3. 2019First store, in the Austin office, then four more
  4. Jun 202220 stores, new CEO from Deckers
  5. 2024$250M+ in sales, first wholesale partners
  6. 202660 stores, now the largest channel
$300M+Sales expected in 2025, after $250M+ in 2024Inc. · Nov 2025
60Stores, up from 20 in June 2022Retail TouchPoints · Mar 2026
$4M+Average yearly sales per store, with EBITDA over 30%Inc. · Nov 2025
2021Profitable every year since, on nearly $90M raisedInc. · Nov 2025
The numbers

What a Tecovas store is worth.

$1.2MYearly EBITDA from an average storeOur math: $4M × 30% = $1.2M (both are floors Inc. gives)Inc. · Nov 2025
7.5xGrowth from year three to year tenOur math: $300M ÷ $40M = 7.5xInc. · Nov 2025
+40Stores opened in under four yearsOur math: 60 (Mar 2026) − 20 (Jun 2022) = 40Modern Retail · Jun 2022; Retail TouchPoints · Mar 2026
30Fits for its best-selling men’s bootOur math: 15 sizes × 2 widths = 30tecovas.com · Nov 10, 2026
2xNormal sales at the nearest store when a big country star plays townCEO David Lafitte, Inc. · Nov 2025
15,058Reviews on one boot, The Cartwright, at 4.8 starstecovas.com · Nov 10, 2026
The plays

Five plays behind the growth.

  1. Make ads pay back on the first order

    Early tests of PR, gifting and affiliates fell short. Paid ads worked, with daily and weekly spend limits and a goal to break even on the first purchase (Shopify, Oct 2021). That engine reached about $40M in three years (Inc., Nov 2025).

    Copy this: set your cost-per-purchase cap at your first-order margin, then scale only what stays under it.

  2. Test a store with no stock

    In 2019 Tecovas turned 400 square feet of its Austin office into a try-on showroom with no inventory. Hedrick says sales per foot were “probably close to Apple store numbers” (Shopify).

    Copy this: run a weekend try-on event where your orders cluster before you sign any lease.

  3. Open where customers already are

    New stores go where Tecovas already has customer strongholds (Inc.). By June 2026 stores were its largest channel, with no sign of eating online sales (Retail Brew). Five of its 50 newest Meta ads announce a store.

    Copy this: sort last year’s orders by ZIP code. A pop-up or stockist in your top city is your first store test.

  4. Sell the visit, not just the boot

    Stores offer a free drink, a bar, and a station to brand your boots (Retail Brew, Jun 2026). The homepage says “have a drink on us,” and the store opening ad promises “a complimentary beverage.”

    Copy this: give buyers one reason to visit that a website can’t: fitting, engraving or a free service.

  5. Follow the concerts, then add wholesale

    When a star like Morgan Wallen plays a city, the nearest store can double its normal sales (Inc.). In 2024 it added Nordstrom and National Roper’s Supply, then shop-in-shops planned for 10 Bass Pro Shops locations in 2026 (Footwear News, Jul 2026).

    Copy this: put a local ad budget behind the big events your buyers travel to, two weeks before and the week of.

The store engine

More stores, more sales.

Store count

20195 Jun 202220 Nov 202550+ Mar 202660 2019 = first store plus four more that year. Nov 2025 bar = 50, the floor Inc. gives.
Sources: Inc., Nov 24, 2025 (2019, 2025); Modern Retail, Jun 22, 2022; Retail TouchPoints, Mar 26, 2026. Bars to scale.

Sales milestones, $M

Year 3$40M 2022 goal$200M 2024$250M+ 2025$300M+ 2022 is a gross sales target, outlined. 2025 is the company’s expectation.
Sources: Inc., Nov 24, 2025; Modern Retail, Jun 22, 2022; How I Built This, May 12, 2025. Bars to scale.
“We went from basically zero to $40 million in the first three years by just releasing product and having a good engine to sell it.”
Paul Hedrick, founder, Inc., Nov 24, 2025
The buy box

The product page sends you to a store.

The Cartwright on a phone, Nov 10, 2026. Tap a number.

Screenshot: Tecovas Cartwright boot page on mobile with price $375, 4.8 stars from 15,058 reviews, a Best Seller badge, 15 sizes, two widths, Afterpay, a review quote, free shipping over $100 and check store availability
  1. 1
    Reviews at a scale few brands have4.8 stars from 15,058 reviews, linked straight to the review list.
  2. 2
    Full price, no strike-through$375, with no discount on the page.
  3. 3
    “Best Seller” on the photoThe badge does the choosing for a first-time buyer.
  4. 4
    Fit is the product15 sizes from 7 to 15 and two widths, D and EE, with a fit guide link. Hedrick said in 2021 Tecovas offers “30 sizes in many of our men’s styles.”
  5. 5
    Price, split up“Or as low as $32.45/mo.” under the button.
  6. 6
    The comfort objection, answeredA verified buyer: “comfortable right out of the box.”
  7. 7
    The store, inside the buy boxFree shipping from $100, then “Check store availability.” Returns are free within 30 days.
tecovas.com/products/the-cartwright · mobile · Nov 10, 2026
The homepage pitches the store visit: “have a drink on us.”tecovas.com · mobile · Nov 10, 2026
Two ways to buy in person: its own stores, outlets and Bass Pro shop-in-shops, or partner retailers.tecovas.com/stores · mobile · Nov 10, 2026
The top bar collects sign-ups for “The Sale of the Year.”tecovas.com · mobile · Nov 10, 2026
Their ads

Store openings and limited boots.

About 180 active US ads on Nov 10, 2026. Of the 50 newest, 5 announce a store, 8 sell apparel and 4 sell gifts.

Meta Ad Library · started Nov 9, 2026

“Our new store is NOW OPEN in Old Town Temecula.”

The copy sells the visit: “take in the fresh leather, grab a complimentary beverage.” The link goes to the store’s own page, not a product.

See the ad in the Ad Library →

Counts from the Meta Ad Library API, active US ads for the Tecovas page, Nov 10, 2026. Screenshots of the public Ad Library. Click an image to enlarge.

From Tecovas’s channel

Craft, stores and a jingle.

A 30-second craft spot with 5.1M views, the channel’s most watched.Tecovas’s YouTube · Sep 24, 2025
A store ad: fittings, free drinks, boot shines and hat shaping.Tecovas’s YouTube · Feb 27, 2025
A denim spot set to a country classic, 1M views in two months.Tecovas’s YouTube · Sep 16, 2026
“The in-person events honestly kept the lights on in the early months.”
Paul Hedrick, founder, Shopify, Oct 1, 2021
What doesn’t transfer

Read it with three caveats.

  • Stores take capital. Tecovas raised nearly $90M. Sixty leases is not a plan for a $3M brand; a pop-up or stockist is.
  • Boots need trying on. A $375 boot in 30 fits is a reason to visit. A $30 product sold in one size isn’t.
  • Plans change. In 2022 Hedrick said wholesale wasn’t a near-term focus. By 2024 it sold through Nordstrom, and in 2026 through Bass Pro.
  • Who runs it: Tecovas is private. Hedrick is executive chairman; David Lafitte, formerly of Deckers, has been CEO since June 2022.
Copy this

Six moves for a $1M–$10M brand.

  • Cap cost per purchase at your first-order margin. CAC calculator
  • Check what one buyer is worth before paying for a store or event. LTV calculator
  • Put sizes, fit help and reviews above the add-to-cart button. Conversion
  • Run local ads around your top city before a pop-up opens. Meta ads
  • Collect SMS sign-ups for your biggest sale weeks ahead. Retention
  • Launch a limited edition to past buyers for the second order. Raise order value

Thinking about a store or pop-up?

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Sources

Where every number comes from.

  1. “How Tecovas Founder Paul Hedrick Brought Cowboy Culture into a New Frontier,” Shopify, Oct 1, 2021. shopify.com
  2. Anna Hensel, “Cowboy boot brand Tecovas targets $200M in gross sales as it adds new CEO,” Modern Retail, Jun 22, 2022. modernretail.co
  3. “Tecovas: Paul Hedrick,” How I Built This with Guy Raz, May 12, 2025. podcasts.apple.com
  4. Rebecca Deczynski, “How Tecovas Spreads the Gospel of Western Wear, One Boot at a Time,” Inc., Nov 24, 2025. inc.com
  5. Adam Blair, “Boot Retailer Tecovas Kicks Revenues Higher with AI-Powered Store Operations,” Retail TouchPoints, Mar 26, 2026. retailtouchpoints.com
  6. “Why Coterie and Tecovas think stores matter more than ever,” Retail Brew, Jun 18, 2026. retailbrew.com
  7. Stephen Garner, “Tecovas Inks New Partnership With Bass Pro Shops,” Footwear News via Yahoo Finance, Jul 8, 2026. finance.yahoo.com
  8. Tecovas homepage, Cartwright product page, store finder and retailers page, viewed Nov 10, 2026. tecovas.com
  9. Tecovas official YouTube channel (@Tecovas), videos dated Feb 27, 2025 to Sep 16, 2026. youtube.com/@Tecovas
  10. Meta Ad Library, active US ads for the Tecovas page, viewed Nov 10, 2026. facebook.com/ads/library

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