Warby Parker

Warby Parker Inc.
FormerlyJAND Inc.
Company typePublic
NYSEWRBY
IndustryRetail
FoundedFebruary 2010; 14 years ago (2010-02) in Philadelphia, Pennsylvania, U.S.
Founders
  • Jeffrey Raider
  • Andrew Hunt
  • Neil Blumenthal
  • David Gilboa
Headquarters
New York City
,
U.S.
Number of locations
237 (2023)
Key people
RevenueIncrease US$670 million (2023)
Negative increase US$−72 million (2023)
Negative increase US$−63 million (2023)
Total assetsIncrease US$580 million (2023)
Total equityIncrease US$302 million (2023)
Number of employees
3,491 (2023)
Websitewarbyparker.com
Footnotes / references
[1]

Warby Parker Inc. is an American manufacturer and retailer of prescription glasses, contact lenses, and sunglasses, based in New York City. Founded in 2010, it was initially an online-only retailer. It now receives about 90% of its revenue from its 237 physical retail stores, 232 of which are in the U.S. and 5 of which are in Canada.[1] It also offers eye exams.[1] The company has 2.28 million customers, with an average order value of $263.[1] The company's goal is to operate 900 stores.[2]

Warby Parker is headquartered in New York City. The name "Warby Parker" derives from two characters that appear in a journal written by Jack Kerouac.[3]

Warby Parker designs its products in-house and sells them directly to consumers through its website and stores. The company orders its own materials, such as acetate, from Italy and then manufactures frames at the same Chinese factories as competitors such as Luxottica.[4]

  1. ^ a b c d "Warby Parker Form 10-K for the fiscal year ended December 31, 2023". U.S. Securities and Exchange Commission. February 29, 2024.
  2. ^ McMillen, Jenn (August 26, 2024). "The Optics Behind Warby Parker's 600-Store Expansion Plan". Forbes.
  3. ^ O'Connell, Vanessa (July 18, 2012). "Warby Parker Co-Founder Says Initial Vision Was All About Price". The Wall Street Journal.
  4. ^ "Why 4 B-School Students Decided To Found Warby Parker". Disruption. May 17, 2016.