One of Grailed’s most loyal users says the platform “has developed into a buyer’s site that neglects the needs of its sellers”, and he’s had enough. He’s gauging interest in creating a new site that addresses Grailed’s two biggest problems: high seller fees and lowballers.
Far from being a mere passion project, this is targeting a timely business opportunity – and they’ve got a clear idea of who their target customer is (and where they’re often found in August).
Where the Nikes, Adidases, and even Under Armours of the world are complacent, Outlier picks up the technical clothing slack.
Neil Blumenthal and Dave Gilboa: “Warby’s next step could be telemedicine, and we want to be a pioneer.”
Having already conquered branding, retail, and product, Warby Parker is eyeing new frontiers as it gears up for international expansion and an inevitable IPO. One big opportunity for growth: telemedicine.
While some brands — for whom an IPO is merely a matter of time and an obvious next step — are tight-lipped and coy about their intentions to go public, The RealReal’s CEO Julie Wainwright is forthright on the matter.
Wilson has been forthcoming on Kit and Ace’s missteps in a PR push aimed to both raise his profile and build momentum for the debut of his new clothing brand arriving this fall.
As we tend to emphasize frequently, she’s always on the mark, and fewer reporters, save for Forbes’ Vivienne Decker, do it better when covering the modern luxury sector than Ms. Segran.