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Stock impact report

Warby Parker pushes CX investments in-store and online [Yahoo! Finance]

Warby Parker Inc. (WRBY) 
Company Research Source: Yahoo! Finance
Warby Parker is investing in AI, services and partnerships to deliver standout customer experiences, according to executives on a Q4 2024 earnings call Thursday. The eyeglasses retailer will build on its virtual try-on tool with new AI-powered offerings in the coming months, according to Co-Founder and Co-CEO Neil Blumenthal. One of the planned tools is a recommendation engine that tailors product suggestions based on the customer's facial features and style preferences. Warby Parker saw adjusted gross margin improve in 2024 driven in part to two owned-optical labs capable of fulfilling prescription glasses orders, according to CFO Steve Miller. Greater control over the fulfillment process led to benefits including higher NPS and faster turnaround times. Dive Insight: Warby Parker is refining customer experience across multiple facets of its business as the retailer works to grow its sales momentum. Net revenue rose nearly 18% year over year to $190.6 million in the fourth Show less Read more
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