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External Analysis : Warby Parker

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Introduction
Warby Parker is a company that focuses on designing, manufacturing, and selling inexpensive glasses to consumers. The creation of the company is partly due to the eyewear industry being controlled largely by one company, Luxottica. Luxottica sold eyewear products at an inflated price and the creators of Warby Parker thought that there should be a much less expensive alternative while still offering quality eyewear products to customers. Warby Parker was created as an alternative to Luxottica’s high prices. Many people around the world are in need of functional glasses, and a lot of those people do not have the money to be able to afford overpriced glasses. Warby Parker was established in 2010 and has been enjoying an expanding consumer base since that time.

External Analysis The eyewear industry is a tough industry to break into with the giant of Luxottica that has been dominating the competition and it has constantly been looming over it in recent years eager to buy up any threatening competitor that emerges. This section of the paper examines the eyewear industry in terms of consumers, competitions, market/submarket and the existing marketing environment along with highlighting any existing trends.
Consumers
The global eyewear market is anticipated to continue to grow in the next six years due to an increased number of people experiencing visual deficiencies and also as the general population continues to age (Grand View Research, 2014). Eyewear consumers

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