Membership retail is a very quickly growing industry. Adam Goldenberg saw this trend all the way back in 2010 when he founded his latest successful business venture, JustFab. JustFab is a VIP membership company that revolves around fashion and clothing.
Customers that are members have access to the latest fashion trends when it comes to both clothing and fashion accessories on Crosscut.vc. Customers that are members pay a membership fee and then have access to huge savings on clothing. Some of the clothing is up o 0 off. This can mean huge savings to someone who shops a lot and uses the service often. In fact, the membership fee can even pay for itself through the savings in a lot of cases.
This is a business model that the Los Angeles CEO phenom has brought to the fashion world. He has partnered with many of the most popular brands online. Adam Goldenberg is especially known to have great partnerships with huge e-commerce based clothing companies like Fabletics, the Kate Hudson owned daily athletic wear company.
Goldenberg hasn’t just used his great idea of a membership-based fashion company to make JustFab a quick success. He has a lot of experience as a winning CEO. He has applied knowledge that he has gained from his previous ventures to his latest company to make it a huge success. JustFab actually received over $50 million in funding just last year on top of its success in regards to sales at https://www.vbprofiles.com/people/adam-goldenberg-540345f3fccfb1045402ff96.
The first thing that Goldenberg understands about running a successful company is the value of metrics. One of the best aspects of Goldenberg’s style when it comes to metrics when uses them is how quickly he reacts to them. He is not afraid to trust information and numbers that he is given in order to make a quick decision and help his company increase growth or prevent losses.
Goldenberg first burst on the scene in the LA business community with Gamer’s Alliance. This company was a network for gamers. It was way ahead of its time in the late 1990s. He ran the company until 1999 until he sold it off. He then started an internet branding company that he ran until 2010. He has learned from his past successes and mistakes with his previous companies to make JustFab a hit.