FIGS Expands Into Physical Retail With The Opening Of Its First Community Hub
Portfolio Pulse from Benzinga Newsdesk
FIGS, Inc. (NYSE:FIGS), a direct-to-consumer healthcare apparel and lifestyle brand, has announced the opening of its first permanent physical retail space, the Community Hub, on November 3, 2023. The hub is located in the Century City Mall, Los Angeles, close to multiple healthcare institutions. The move is in response to the desire of its community to experience FIGS both online and in-person. The company plans to open its next Community Hub in Philadelphia's Rittenhouse Square in the first half of 2024.
November 02, 2023 | 9:23 pm
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FIGS' expansion into physical retail could potentially increase its revenues and strengthen its brand presence. The move is likely to be positively received by its community, which could lead to increased customer loyalty and sales.
FIGS' expansion into physical retail is a significant move for the company, which has so far been primarily online. This could potentially increase its revenues as it provides an additional channel for sales. Furthermore, the move is likely to be positively received by its community, which has expressed a desire for in-person experiences. This could lead to increased customer loyalty and sales. However, the success of this move will depend on the execution of the retail strategy and the response from the community.
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