The American eyewear brand Warby Parker was established in 2010 by Jeffrey Raider, Andrew Hunt, David Gilboa, and Neil Blumenthal. The business is well-known for its trendy, high-quality eyewear that is sold directly to customers via its retail locations and website. The business of the company has expanded over the years and has been profitable from the beginning.
In 2018, Warby Parker’s valuation was believed to be $3 billion, and the business was on track to bring in $250 million that year, according to a CNBC report. The business reported in 2019 that it has completed a fundraising round for $245 million, raising its valuation to $3 billion. A virtual try-on function on the company’s website as well as sunglasses and contacts have been added to the company’s product offerings.
The company Zenni, which competes with it, is expanding its operations in the eyeglasses sector. According to its website, Zenni ships its goods from a factory in China, and the transit time varies according on the destination. However, for an additional cost, the company provides faster shipping choices.
Customers can return their glasses to Zenni for a full refund or exchange within 30 days of delivery thanks to their return policy. Customers must possess a current prescription, which can be submitted on the company’s website throughout the ordering procedure.
In summary, Warby Parker is a successful and expanding company in the eyewear sector. Its direct-to-consumer business strategy, competitive pricing, and chic designs have allowed it to stand out from its rivals. Another expanding company is Zenni, which provides reasonably priced eyewear and has a helpful return policy. Both businesses are excellent choices for customers seeking reasonably priced, high-quality eyewear.