Boulder, Colorado-based has moved into a new facility, the company announced Wednesday鈥攆our times the old HQ鈥檚 size鈥攃iting increased product demand as its market slowly shifts from travel to outdoor rec. The company鈥檚 new 8,000-square-foot facility at 1835 38th St. is open to the public.
鈥淚t鈥檚 been really interesting the past two years with Covid and us being a travel brand,鈥 said Matador CEO Chris Clearman. 鈥淪ales have really returned and I feel like we鈥檙e catching up on those years of missed growth. It鈥檚 like we鈥檙e leapfrogging to where we鈥檇 have been without the pandemic.鈥
Matador currently employs 14 people but is expecting that number to increase to 40, necessitating the larger headquarters. The move comes at a time when many brands are embracing a remote-first work policy, forgoing traditional offices in favor of distributed solutions and Zoom-heavy company cultures.
鈥淲e鈥檙e doubling down on office culture,鈥 Clearman said. 鈥淲e鈥檙e a creative company, and that culture really took a hit when we weren鈥檛 able to see one another and bounce ideas around.鈥 Matador鈥檚 new building includes a half-pipe, bouldering wall, movie theater, barbecue patio, and even a bar and lounge, in addition to a product showroom and in-house photo studio.
From Blankets to Boulder
Clearman founded Matador in 2014 after working for several years as a product designer at GoPro in San Francisco. His first offering, after starting the company, was a stowable travel blanket.聽
鈥淭hat鈥檚 where the name comes from,鈥 he said. 鈥淚 made a prototype, and every time I鈥檇 take it to sit outside at a concert, my friends would make fun of me and say I looked like a matador with my little blanket. That blanket is still one of our best-selling products.鈥 Clearman invested $11,000 of his own money to get the brand off the ground and relocated to Boulder in 2015 to be near the area鈥檚 outdoor culture.
Clearman said Matador enjoyed 100 percent year-over-year growth from its launch until 2020. Before the pandemic, half of all sales came from backpacks and duffle bags, the other half from travel accessories. This year, that ratio has shifted to 75 percent travel-accessory sales. More important than the sales shift, though, is a change in customer makeup, according to Clearman: When people stopped traveling in 2020, the camping crowd adopted Matador鈥檚 travel goods for use outside. Now, even though people can travel again, it鈥檚 still mostly outdoorspeople using Matador products.聽
Clearman is leaning into the change. Before 2020, 85 percent of Matador retailers were travel-specific stores, but now the company鈥檚 retailers are 95 percent outdoor-industry doors, including REI, online retailers like Moosejaw and Backcountry, and Mountain Gear Co-op in Canada.
鈥淲e鈥檙e no Osprey, but we鈥檙e in a really good place,鈥 Clearman said. 鈥淲e鈥檙e stoked and the right size to be nimble and fast, so we can hire excellent people and respond to the changing market quickly.鈥澛
Matador鈥檚 travel goods include lightweight toiletry containers for soap and shampoo, and the company will be adding a reusable toothpaste tube to the lineup soon.聽
鈥淥ur accessories are great for camping and backpacking,鈥 Clearman said. 鈥淢ore and more people are discovering us, and our distribution is going up.鈥