• Warby Parker Is Reportedly Planning for an IPO Later This Year

    13 days ago - By Hypebeast

    Warby Parker is now planning for an initial public offering in the U.S. that could come as early as this year. According to new reports , the prescription eyewear company is currently in talks with various advisers on a potential listing, although discussions are still at an early stage. The company raised $120 million USD in its most recent round of funding back in 2020, which pushed its total valuation to $3 billion USD. Warby Parker hopes to surpass this with the launch of an IPO. When reached out for comment, a company spokesperson responded without confirming or denying the rumors...
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  • Keeping customers wait in line can cost U.S. retailers up to 100 billion per year

    Keeping customers wait in line can cost U.S. retailers up to 100 billion per year

    13 days ago - By Fashion United

    A new survey conducted by report by virtual wait line and appointment booking software provider Quidini reveals that, in the U.S., 25 percent of respondents said they are “much more likely” to avoid entering stores or are more likely to walk out of stores without buying anything because of lines for service.
    An additional 28 percent of consumers said they were “more likely” to do so, according to Quidini's 2,000consumers survey. Their calculations indicate U.S. retailers are losing a total of 100 billion dollars per annum in immediate lost revenue opportunity as a result.
    In fact, more...
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