Warby Parker has spent more than a decade disrupting the eyeglasses industry without yet turning an annual profit. That’s about to change.
In 2008, Gilboa lost a $700 pair of Prada eyeglasses on a backpacking trip just before starting an MBA program at the Wharton School of the University of Pennsylvania. There, he met classmates — Neil Blumenthal, Andy Hunt and Jeff Raider — who understood his frustration., a pioneering direct-to-consumer brand that's sold millions of pairs of glasses, both online and in 269 brick-and-mortar stores across the U.S. and Canada.
"The need for glasses and contacts continues to grow and grow and grow," Blumenthal tells CNBC Make It."And we're putting Warby Parker in a position to take advantage of that growth, to serve that very large growing need." Customers kept asking to visit Warby Parker's offices to try on glasses in-person. So, after graduating and establishing headquarters in New York, the co-founders converted some of their office space into a showroom."Suddenly, we were on track to do $3 million of sales out of our office," says Blumenthal, calling it a"light bulb moment."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Francis Ford Coppola’s ‘Megalopolis’ Is a $120 Million Hot MessThe legendary director spent his own money on this 138-minute epic—earning its status as the most ambitious, messiest movie of the year.
Read more »
Border Crossing Program Fees Increase To $120The U.S. Customs and Border Protection (CBP) announced that application fees for expedited border-crossing programs such as SENTRI and Global Entry will increase to $120 starting Tuesday, marking the first adjustment since 2008. The agency stated that the change will fund improvements in customer service through technology upgrades, process optimization, and expansion to additional ports along the northern border.
Read more »
Prime members now can get $120 off NordicTrack’s T Series 5 TreadmillAmazon is offering a limited-time discount on the NordicTrack’s T Series 5 Treadmill, but only for Prime members.
Read more »
Navient reaches $120 million settlement with CFPB for misleading student loan borrowersThe CFPB sued Navient in 2017 for misleading borrowers and providing them with bad information.
Read more »
Navient reaches $120 million settlement for misleading student loan borrowersAccording to the Consumer Financial Protection Bureau, $100 million will be used to make payments to impacted borrowers in a settlement with the former servicer of student loans.
Read more »
Navient reaches $120 million settlement for misleading student loan borrowersAccording to the Consumer Financial Protection Bureau, $100 million will be used to make payments to impacted borrowers in a settlement with the former servicer of student loans.
Read more »