The latest round of funding for Just Fab has been cited by the New York Times and Wall Street Journal as the weight that tipped the scale over the $1 billion dollar figure. JustFab has been the fastest-growing fashion website in recent times, but their company is planning to expand as much as possible.
This article covers rumors of an IPO, a new CFO and new shopping choices. Subscriptions are JustFab are growing, and their marketing is attracting the most discerning of fashion customers.
#1: Why Is JustFab Popular?
JustFab has steadily grown in popularity since their founding, and the company offers female shoppers clothing that is quite difficult to find elsewhere. Shoppers may subscribe to the JustFab plan that provides clothing attuned to the customer’s style, or customers may shop the catalog as-normal. Learn more about JustFab: https://pando.com/2014/08/28/breaking-justfab-raises-85m-at-what-sources-say-is-a-1b-valuation/
#2: Who May Shop At JustFab?
JustFab has a broad appeal that other clothing warehouses do not possess. Their website offers a wealth of shopping options for customers that include accessories. The fashionable woman may purchase anything and everything they need to look stylish at JustFab, and the website offers prices that are competitive with any other company.
#3: How Much May JustFab Expand?
JustFab may choose to expand quite a lot over the course of the next several years, but their expansion must include further capital funding. An IPO would help the company quite a lot, and they have hired a CFO who has experience with IPOs.
The company does not plan to rush into any decisions, but they do plan to keep moving forward. JustFab may yet have enough cash for future acquisitions given their current plans. Learn more about JustFab: http://blogs.wsj.com/cfo/2016/06/08/fashion-unicorn-startup-justfab-inc-taps-cfo-with-ipo-experience/
The JustFab website has become an Internet sensation that sells clothing and accessories to all-comers. Their company is funded quite well, and they are making strategic decisions that will offer a brighter future.