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About Warby Parker
Industries
Consumer Goods
Company Size
1,001-5,000
Company Stage
IPO
Total Funding
$842.9M
Headquarters
New York City, New York
Founded
2010
Overview
Warby Parker offers stylish and high-quality prescription glasses and sunglasses directly to consumers at affordable prices, starting at $95, which includes lenses. Their unique Home Try-On program allows customers to select five frames to try at home for free, making the shopping experience convenient and reducing the challenges of buying eyewear online. Unlike traditional retailers, Warby Parker combines online and physical retail channels, allowing customers to try on frames in person at their stores. The company also has a social mission, distributing a pair of glasses to someone in need for every pair sold, which enhances their brand reputation and customer loyalty. Warby Parker's focus on affordability, convenience, and social responsibility sets it apart in the eyewear market.
Simplify's Take
What believers are saying
- Partnership with Target expands Warby Parker's reach through in-store eyewear shops.
- Growing demand for blue light glasses boosts Warby Parker's product offerings.
- Omnichannel retail strategies enhance customer convenience and satisfaction.
What critics are saying
- Increased competition from traditional retailers may dilute Warby Parker's brand exclusivity.
- Cybersecurity vulnerabilities could affect customer trust and lead to regulatory scrutiny.
- Expansion into physical retail stores may increase operational costs and risks.
What makes Warby Parker unique
- Warby Parker offers designer eyewear at significantly lower prices than traditional retailers.
- The Home Try-On program provides a convenient, risk-free shopping experience for customers.
- Warby Parker's buy-one-give-one model enhances brand reputation and customer loyalty.
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Funding
Total Funding
$842.9M
Above
Industry Average
Funded Over
11 Rounds
Tiger Global
General Catalyst
SV AngelBenefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Paid Vacation
Paid Sick Leave
Paid Holidays
401(k) Company Match
Parental Leave
Short-term Disability
Employee Assistance Program
Bereavement Leave
Optical Education Reimbursement
Snack Pantry
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↑ 0%Investing.com - Target Corporation (NYSE:TGT) and Warby Parker (NYSE:WRBY) are joining forces to launch Warby Parker at Target, a new shop-in-shop initiative.
Target is opening a series of “shop-in-shops” in partnership with eyewear maker Warby Parker. The collaboration, announced Thursday (Feb. 27), will bring five “Warby Parker at Target” outposts to stores around the country, and comes at a time when Target and other retailers are dealing with consumer pullbacks. “We’ve long offered our guests well-designed products at a value, and our latest shop-in-shop partnership with Warby Parker continues that tradition,” Christina Hennington, Target’s executive vice president and chief strategy and growth officer, said in a news release
Target Corp. is teaming up with Warby Parker Inc. to add the trendy eyeglasses shop inside a handful of stores this year in a bid to boost the chain's flagging store traffic.
Warby Parker, Inc., a manufacturer and e-retailer of prescription and non-prescription eyewear, was assessed a $1.5 million civil monetary penalty for a 2018 credential stuffing attack on customer accounts impacting about 200,000 individuals.
In December 2018, OCR launched an investigation after Warby Parker reported a data breach.
Warby Parker is Hiring for 253 Jobs on Simplify!
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About Warby Parker
Industries
Consumer Goods
Company Size
1,001-5,000
Company Stage
IPO
Total Funding
$842.9M
Headquarters
New York City, New York
Founded
2010
Warby Parker is Hiring for 253 Jobs on Simplify!
Find jobs on Simplify and start your career today