Eyewear company Warby Parker announced on Monday revenues for the first quarter increased by more than 10%, as the U.S. firm continues to expand its retail network, despite profits swinging back to red.
Warby Parker announced on Thursday total revenues lifted 37% for the full year 2021, on the back of a 22% spike in active customers, taking the eyewear brand's consumer base to 2.2 million for the twelve months.
The New York-based company, which offers subscription boxes with apparel, footwear and accessories for kids, launched its IPO on Thursday, joining a rush of fashion-focused businesses that have gone public this year.
Following its IPO in August, the digital-first eyewear retailer has reported net revenue of $137.4 million for the third quarter, an increase of 32.0% compared to $104.1 million in the same period in the previous year.
The Chico, California-based womenswear company popular with millennial and Gen-Z consumers, announced on Monday that it is launching its initial public offering with 5.75 million shares of its common stock.
Fashion rental company Rent the Runway on Monday made public its paperwork for a U.S. stock market flotation, joining a bunch of retailers looking to cash in on the record boom in capital markets since last year.