4.6 • 716 Ratings
🗓️ 1 November 2023
⏱️ 5 minutes
🧾️ Download transcript
Today is Wednesday, November 1, and we're looking at Skims vs. Spanx.
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1:03.7 | Thank you. McMillan Online Community. From Wondry, I'm David Brown, and this is Business Wars Daily on this Wednesday, November 1st. |
1:09.0 | Today, a successful shapewear company attempts to expand its |
1:12.4 | customer base. Let's go back to 2019. The year Skims was founded by Kim Kardashian and Swedish entrepreneur |
1:20.8 | Yenzgrid. The biggest name in shapewear, Spanx, was dominating the market, but Kardashian |
1:26.6 | saw an opportunity. Spanx sizing was |
1:29.8 | relatively limited, and the shapewear came in a few standard colors, making it difficult to match |
1:35.0 | varying skin tones. Well, skims set out to solve all that by offering women's underwear and |
1:40.8 | shapewear in nine color options and sizes from extra extra small to 5x. And while it |
1:47.7 | certainly didn't hurt that Kardashian was a massive celebrity, customers pounced. Skim's initial |
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