FabFitFun surpasses $200 million in revenue as it hits million-customer milestone [TechCrunch Blog]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: TechCrunch Blog
At least one million people will be receiving the next FabFitFun box as the Los Angeles company surpasses $200 million in revenue and continues its run as one of the startups to watch in the Los Angeles tech community. As it renews its focus on media — doubling down on new programming in a bid to reach further into repeatable revenue through subscriptions that encompass more than just retail — the company is trying to frame itself as more than just makeup and accessories in a box. “When we think of the potential behind the business … there are a few businesses in the world for whom membership is a no brainer. Netflix is, Spotify is and we think FabFitFun is a no brainer,” said Daniel Broukhim co-founder and co-chief executive of FabFitFun. FabFitFun expands its video reach with a new experiment in live programming The company’s reach spans demographics and geography, according to co-chief executives (and brothers) Daniel and Michael Broukhim,
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- M's page on the SEC website