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However, the online sector has grown from 5% of market share in 2008, to nearly 15% in 2016, with estimates saying it could grow to 25% by 2022. Morgan Hermand-Waiche, founder & CEO of Adore Me, a New York-based start-up specializing in e-commerce lingerie, says his company has seen some of that growth first-hand since the company launched in 2012 out of his Harvard dorm room. I started Adore Me still as a student, my Harvard Business School professors were my first investors, Hermand-Waiche tells FOX Business. Since its inception, [we] have experienced exponential growth. In 2012, our revenues were $1.1 million; in 2013, they grew to $5.6 million; by 2014, we were grossing $16 million; and in 2015, we raked in $42.6 million. We kept a very similar growth rate in 2016, but we cant reveal revenue figures for 2016 yet. Hermand-Waiche says the company is also on track to break a new sales record this Valentines Day, as January 2017 was its biggest sales month to date, leading up to the hallmark holiday of love. "Valentine's day has been crazy. The volume of sales have picked up three to five times on a daily basis compared to a few weeks ago," he adds.
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