Veksler: Universal Standard recently reached profitability
Polina Veksler · HIBT Lab! Universal Standard: Polina Veksler · Aug 11, 2022 · at 35:33
Polina Veksler, co-founder and CEO of apparel brand Universal Standard, discusses the company's financial model and path to sustainable growth.
0:00 / 0:03exact quote · 3.1s
720p mp4 · rendered on demand · StarZero watermark
“Yes, we recently reached profitability.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Polina Veksler
VCs rejected Universal Standard's inclusive pitch, urging a plus-size-only model
“The response was that this is going to be really difficult. And look, they're not wrong, because inclusive fashion has traditionally been very difficult, but that it was going to be very costly, the inventory was going to be impossible to manage, consumers are…”
Veksler: US inclusive-size apparel market is about $100 billion
“It's about a hundred billion dollar market, and that's just in the U.S. Just in the U.S.”
Universal Standard blended manufacturing costs by making size 18 its medium
“The average woman in America is a size 18, so that should be our medium, and we would then manufacture clothing up and down from that, and then making that size 18 our medium, we were able to blend our costs from the very beginning.”
Veksler: Inclusive fashion brands will master the model within 5 to 10 years
“I do believe that in five years or 10 years from now, these brands that are venturing into inclusivity and trying this, they will get it right, because fashion is only moving in this direction, and inclusivity is the future of fashion, so those brands who I th…”