4 ms·
Not sure why this is getting tons of downvotes. Warby Parker's profitability per retail square foot is one of the highest in all of retail mostly because there
by 09bjb 9y ago
Not sure why this is getting tons of downvotes. Warby Parker's profitability per retail square foot is one of the highest in all of retail mostly because there's such a distance between what their frames cost to make and what they sell them for. Limited choice (Trader Joe's style) and a good sense for the products their target market wants seem to be their secret sauces to pulling off crazy margins on said products.
- swyx 9y ago>profitability per retail square foot is one of the highest are these numbers public? source?
- walterbell 9y agohttps://www.fastcompany.com/3041334/warby-parker-sees-the-future-of-retail https://www.fastcompany.com/3041334/warby-parker-sees-the-fu... "...the company is still averaging about $3,000 per square foot of retail space, a figure that’s in the same breath as Tiffany’s estimated $3,043 ... stores are not profit centers as much as marketing collateral, giant advertisements for Warby Parker’s website. “They’re synergistic,” he says, noting that 85% of Warby retail buyers have already browsed online."
- swyx 9y agoamazing.
- rtpg 9y agoDon't they make most of their money online? If Google opened up a retail shop I'm sure their profit per square foot will be quite high....