Some experts are predicting that worldwide, e-commerce is expected to grow by as much as 13 to 25 percent through 2018. That’s why you see a lot of start-up companies that sell items of every kind imaginable. Although these new online shops explode on to the scene, many of them eventually go out of business, except JustFab Inc.
The online subscription fashion retailer is defying the odds, according to an article by the LATimes. The fashion brand sells women’s shoes, handbags, clothing and accessories with a membership sign-up, not an easy concept to maintain for e-businesses. JustFab is sitting pretty with more than four million VIP members based around the world.
The numbers are also looking grand for the brand, with JustFab poised to haul in revenue of $650 million, up from $505 million last year, the company said. Business partners Adam Goldenberg and Don Ressler co-founded JustFab in March of 2010, and in the first quarter of 2016, it turned a profit for the first time.
That’s not all, because there has been a lot of talk about going public with an IPO scheduled in autumn. Recently, Ressler and Goldenberg named Todd Tappin to the position of chief financial officer.
Tappin happens to be a pro at initial public offerings. This is big news, because few subscription companies can ever get to the IPO status level. Growing a subscription base is not easy in the competitive world of e-commerce, but JustFab appears to have found the winning formula. Learn more about JustFab: http://www.entrepreneur.wiki/Don_Ressler
JustFab VIP members are always in charge of their shopping habits and have five days at the beginning of each month to skip buying and not be charged at all. Or members can purchase something at any price. If they fail to take any action, then members are billed $39.95, which can be spent at any time.
JustFab is appealing to online shoppers because of their on-trend styles, great quality and excellent prices. All of JustFab’s items are designed and produced at their large Los Angeles headquarters. Stars like Emily Blunt and Amy Smart all enjoy the JustFab experience.