SKIMS

SKIMS

Designs and produces shapewear and loungewear

About

SKIMS designs and produces underwear, loungewear, and shapewear that cater to a variety of body types. Their products are made to be comfortable while enhancing the natural shape of the wearer. The product line includes shapewear, stretchable underwear, and versatile loungewear, all aimed at modern consumers who value comfort and functionality. SKIMS primarily sells its products directly to consumers through its website, allowing for better control over branding and customer experience. This direct-to-consumer approach helps the company maintain higher profit margins by eliminating intermediaries. SKIMS stands out in the market by focusing on inclusivity and offering a wide range of sizes and styles, making it appealing to individuals looking for stylish and comfortable undergarments. The company's goal is to set new standards in the apparel industry by providing high-quality, innovative solutions that meet the needs of diverse customers.

Company Stage

Series C

Employees

501-1,000

Industries

Consumer Goods

Total Funding

$650.8M

Headquarters

N/A

Founded

2018


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Simplify's Take

What believers are saying

  • The opening of permanent stores in key markets signals strong growth potential and increased brand visibility.
  • A potential IPO could provide significant financial resources for expansion and innovation.
  • Collaborations with high-profile celebrities and athletes, such as Lana Del Rey and WNBA partnerships, enhance brand appeal and market reach.

What critics are saying

  • The reliance on Kim Kardashian's personal brand could pose a risk if her public image were to suffer.
  • Expanding into brick-and-mortar retail involves significant costs and operational challenges that could impact profitability.

What makes SKIMS unique

  • SKIMS leverages celebrity influence, particularly Kim Kardashian's brand, to create a strong market presence and consumer trust, unlike many competitors.
  • The company's focus on inclusivity and body positivity sets it apart in the shapewear and loungewear market, catering to a wide range of body types.
  • SKIMS' direct-to-consumer model allows for greater control over customer experience and higher profit margins, distinguishing it from brands that rely on third-party retailers.

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Growth & Insights
Headcount

6 month growth

11%

1 year growth

32%

2 year growth

68%

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