Scrubs are a notoriously unattractive yet $50 billion global medical apparel industry -- of which $10 billion lies in the U.S. alone. There are 3,000 medical supply stores in the U.S. and gear makers are obligated to sell to retailers thanks to non-compete agreements, barring them from selling directly to consumers. Figs, an online medical apparel retail startup whose backers include former Lululemon (LULU) - Get Report CEO Christine Day, John Fisher, son of Gap (GPS) - Get Report founders and actor Will Smith, is looking to change all that.
Figs' apparel is complete with features that are "focused on function," such as stain repellant, four-way stretch (with yoga waist bands) and odor resistance - using Silver Alloy technology. Typically scrubs sell for between $65 to $90 a set, and Figs is selling shirts for just under $40 and pants for around $45.
This article was written by a staff member of TheStreet.