Not sure if y'all heard:
Birchbox lays off 15% of staff and ends Canada services.
part of Katia's statement:
Part of me is kind of surprised they haven't hit profitability yet, but then part of me isn't. Makes me wonder how sustainable the "subscription" model is for a lot of companies; i have a feeling that companies like Target can eat the cost fairly easily. Glossybox seems to be struggling quite a bit, but they're also very opaque. I wonder about ipsy--