FIGS Expands its Retail Footprint to the East Coast with the Opening of its Second Community Hub
Location in Philadelphia’s Rittenhouse Neighborhood Connects the Local
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FIGS Expands its Retail Footprint to the
FIGS’ Community Hubs reimagine the retail experience by providing healthcare professionals the opportunity to shop for their apparel in a way that never previously existed. They create opportunities for healthcare professionals to connect with FIGS and each other on a deeper level. Through events and programming focused on what’s most important to the FIGS community, they also celebrate healthcare professionals and provide opportunities to share their stories and learn.
The Rittenhouse Community Hub is purposefully designed to bring to life FIGS’ mission – to serve those who serve others. At over 4,200 square feet covering two floors, it is approximately four times larger than FIGS’ first Community Hub in
“We are thrilled to be opening our second Community Hub, and we’re especially excited to do it in Philadelphia,” said
The Rittenhouse Community Hub builds on the success of FIGS’ Los Angeles Community Hub. Since its opening in
FIGS opened the Rittenhouse Community Hub during the 2024 Olympic and Paralympic Games as an activation for its historic FIGS x
FIGS takes a disciplined approach to its retail strategy, continuously learning and refining along the way, as it seeks to be present for healthcare professionals everywhere they are. FIGS anticipates expanding this strategy with the opening of additional Community Hubs in 2025 and beyond.
Forward-Looking Statements
This press release contains various forward-looking statements about the Company within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that are based on current management expectations, and which involve substantial risks and uncertainties that could cause actual results to differ materially from the results expressed in, or implied by, such forward-looking statements. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking. These forward-looking statements generally are identified by the words “anticipate”, “believe”, “contemplate”, “continue”, “could”, “estimate”, “expect”, “forecast”, “future”, “intend”, “may”, “might”, “opportunity”, “outlook”, “plan”, “possible”, “potential”, “predict”, “project,” “should”, “strategy”, “strive”, “target”, “will” or “would”, the negative of these words or other similar terms or expressions. The absence of these words does not mean that a statement is not forward-looking. These forward-looking statements address various matters, including the Company’s plans with respect to its Rittenhouse Community Hub; the Company’s belief that an omnichannel experience is the future; the Company’s intention to take a disciplined approach with its retail strategy; the expectation that Community Hubs will host events and provide programming; and the opening of additional Community Hubs in 2025 and beyond; all of which reflect the Company’s expectations based upon currently available information and data. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, the Company’s actual results, performance or achievements may differ materially from those expressed or implied by the forward-looking statements, and you are cautioned not to place undue reliance on these forward-looking statements. The following important factors and uncertainties, among others, could cause actual results, performance or achievements to differ materially from those described in these forward-looking statements: the Company’s ability to maintain its historical growth; the Company’s ability to maintain profitability; the Company’s ability to maintain the value and reputation of its brand; the Company’s ability to attract new customers, retain existing customers, and to maintain or increase sales to those customers; the success of the Company’s marketing efforts; the Company’s ability to maintain a strong community of engaged customers and Ambassadors; negative publicity related to the Company’s marketing efforts or use of social media; the Company’s ability to successfully develop and introduce new, innovative and updated products; the competitiveness of the market for healthcare apparel; the Company’s ability to maintain its key employees; the Company’s ability to attract and retain highly skilled team members; risks associated with expansion into, and conducting business in, international markets; changes in, or disruptions to, the Company’s shipping arrangements; the successful operation of the Company’s distribution and warehouse management systems; the Company’s ability to accurately forecast customer demand, manage its inventory, and plan for future expenses; the impact of changes in consumer confidence, shopping behavior and consumer spending on demand for the Company’s products; the impact of macroeconomic trends on the Company’s operations; the Company’s reliance on a limited number of third-party suppliers; the fluctuating costs of raw materials; the Company’s failure to protect proprietary, confidential or sensitive information or personal customer data, or risks of cyberattacks; the Company’s failure to protect its intellectual property rights; the fact that the operations of many of the Company’s suppliers and vendors are subject to additional risks that are beyond its control; and other risks, uncertainties, and factors discussed in the “Risk Factors” section of the Company’s Quarterly Report on Form 10-Q for the quarter ended
About FIGS
FIGS is a founder-led, direct-to-consumer healthcare apparel and lifestyle brand that seeks to celebrate, empower, and serve current and future generations of healthcare professionals. We create technically advanced apparel and products that feature an unmatched combination of comfort, durability, function, and style. We share stories about healthcare professionals’ experiences in ways that inspire them. We build meaningful connections within the healthcare community that we created. Above all, we seek to make an impact for our community, including by advocating for them and always having their backs.
We serve healthcare professionals in numerous countries in
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