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Revenue distribution of DTC brands

Sujay Seetharaman
Sujay Seetharaman
Sep 19, 2019
Min Read

Direct-to-consumer (DTC) sales has been one of the most significant trends in the consumer goods industry in the last few years. This has been fueled by the rise of online commerce as a sales channel and by social media for DTC branding and customer engagement. Many of the most talked-about consumer brands now - Glossier, Warby Parker, Everlane, Bonobos - all started as digital-first eCommerce companies selling to consumers without any intermediaries such as wholesalers or retailers.Any eCommerce company that owns its branding, designing and production activities can be classified as a DTC eCommerce company. However, what we’re seeing as many upstart brands scale their DTC efforts is that DTC is not a segment by itself, rather it is an astute “launch and growth approach” for brands to depend less on retailers’ distribution.By that definition, the DTC brands market is not just the ‘Digitally Native Vertical Brands’ (DNVBs) that have shot to fame and success. Many traditional B2B2C brands such as Nike and branded retail chains such as Gap or Timberland are also aggressively pursuing digital DTC strategies. There are an estimated 1000+ DTC companies that have collectively raised about $4 billion in venture capital since 2012, and about $1 billion of that was raised in 2018 alone!In this blog post, we look at the revenue distribution of DTC companies. For the purpose of this analysis, we analyzed our proprietary database of 20,000+ DTC brands.

Annual revenue distribution of DTC companies

DTC Brands Revenue Distribution

The first thing that caught our eye was that unlike generic eCommerce (much of which is multi-brand retail and marketplace sites) where the long-tail dominates (83% of eCommerce is skewed towards long-tail), companies with annual revenue between $1M-$10M dominate among DTC brands. Secondly, more companies are making $10M-$25M in revenue (13.5% of the TAM) compared to the generic eCommerce market size wherein the corresponding revenue segment’s share is a mere 0.9% of TAM. Of the 390+ unicorns mapped by CB Insights, there are at least 20 D2C brands that have made it to the club - Allbirds, Peloton, Casper, Warby Parker, Glossier, Rent the Runway, Stitch Fix, Hims, Away to name a few. Download free eCommerce market research reports like this. We value your feedback, let us know if there are any suggestions/corrections below. For customized eCommerce market research reports reach out to us at sales@pipecandy.com 🙂


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hm.com
HQ Location: Beaverton, Oregon, United States Of America, 97005
hm.com, operated by H & M Hennes & Mauritz AB, is an internationally-focused online store that generates eCommerce net sales primarily in Germany as well as in the United States and the United Kingdom. With regards to the product range, hm.com achieves the greatest part of its eCommerce net sales in the “Fashion” category.
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Arts and Entertainment, Business and Consumer Services, Business and Industrial, Consumer Electronics, Health and Fitness
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hm.com funding details
Total venture and debt funding raised by hm.com from accredited investors.
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