SKIMS

SKIMS

Creating the next generation of underwear, loungewear and shapewear. Learn more
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DateInvestorsAmountRound

$5.0m

Seed

$154m

Valuation: $1.6b

Late VC
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$240m

Valuation: $3.2b

Late VC
*

$270m

Valuation: $4.0b

Series C
Total FundingCAD912m

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SKIMS is a forward-thinking company specializing in the design and production of innovative underwear, loungewear, and shapewear. The brand aims to set new standards in the industry by offering solutions that cater to a wide range of body types. SKIMS focuses on creating products that are not only comfortable but also enhance the wearer's natural shape. Their product line includes technically constructed shapewear, stretchable underwear, and versatile loungewear, all designed to meet the needs of modern consumers.

The primary clients of SKIMS are individuals seeking high-quality, comfortable, and stylish undergarments and loungewear. The company operates in the apparel market, specifically targeting the niche of shapewear and comfort-focused clothing. This market has seen significant growth as consumers increasingly prioritize comfort and functionality in their clothing choices.

SKIMS employs a direct-to-consumer business model, primarily selling its products through its website, skims.com. This model allows the company to maintain control over its brand and customer experience while also capturing higher profit margins by cutting out intermediaries. SKIMS generates revenue through the sale of its diverse product range, which includes bras, underwear, bodysuits, leggings, and loungewear sets. The company also offers bundles and sets, encouraging customers to purchase multiple items at once, thereby increasing the average order value.

In summary, SKIMS is a solutions-oriented brand revolutionizing the underwear, loungewear, and shapewear market with innovative, comfortable, and inclusive products. By focusing on direct-to-consumer sales, the company ensures a seamless shopping experience and maximizes profitability.

Keywords: innovative, shapewear, loungewear, underwear, inclusive, direct-to-consumer, comfort, stylish, versatile, body-positive.

Tech stack

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