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0.000378357926598621 -0.00321604237608768 -0.00699962164207335 -0.0155126749905411 -0.0079455164585697 -0.00756715853197122 -0.00681044267877411 -0.00832387438516833
Stock impact report

Why Category Creators Win Even In Down Markets [Forbes]

Warby Parker Inc. (WRBY) 
Company Research Source: Forbes
In a recession or challenging market, pulling back often seems the obvious choice for company leaders. Consumers are typically more cautious with their spending, and the future is uncertain. Yet success is possible for companies that break the mold and redefine their space. These “category creators” can break through even in down markets. It's true, downturns punish imitators. In these situations, oversaturated markets and companies competing on existing value are often punished. And still, down markets reward innovators who create new categories—because they redefine value, not just compete on it. Many iconic companies redefined their space when capital was tight. Consider Airbnb, launched in around the Great Recession. Look at Uber Stripe or Warby Parker . Each of these companies redefined their space at a time when capital was tight. Creating a new category can result in high performance, even in times of economic stress. When the market contracts, differentiation can expand Show less Read more
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