Disclosure certainty 4/5 debate potential 1/5

Universal Standard grew 60% YoY without heavy paid customer acquisition

Polina Veksler · HIBT Lab! Universal Standard: Polina Veksler · Aug 11, 2022 · at 35:55

Universal Standard CEO Polina Veksler describes the brand's disciplined expansion strategy focused on customer retention rather than aggressive acquisition.

0:00 / 0:12exact quote · 12.8s
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“So we were still growing at about 60% year over year since we started, but we were never one of those startups that focused a lot on customer acquisition.”

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More from Polina Veksler

Disclosure
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…”
Polina Veksler Aug 11, 2022 ▶ 29:59 HIBT Lab! Universal Standard: Polina Veksler
Assertion Contradicted
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.”
Polina Veksler Aug 11, 2022 ▶ 16:25 HIBT Lab! Universal Standard: Polina Veksler
Insight
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.”
Polina Veksler Aug 11, 2022 ▶ 24:51 HIBT Lab! Universal Standard: Polina Veksler
Prediction Not checkable as stated
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…”
Polina Veksler Aug 11, 2022 ▶ 38:54 HIBT Lab! Universal Standard: Polina Veksler
Assertion Supported
Veksler: About 70% of American women wear size 14 and above
“About 70% of American women are size 14 and above.”
Polina Veksler Aug 11, 2022 ▶ 12:09 HIBT Lab! Universal Standard: Polina Veksler
Assertion Supported
Veksler: The average woman in the US wears a size 18
“The average woman in the U.S. Is a size 18”
Polina Veksler Aug 11, 2022 ▶ 12:21 HIBT Lab! Universal Standard: Polina Veksler
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