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Jill on Money with Jill Schlesinger

Coronavirus: Boxed CEO Part Two

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.61.8K Ratings

🗓️ 30 August 2020

⏱️ 14 minutes

🧾️ Download transcript

Summary

Today is part two of an interview with Chieh Huang, the CEO of Boxed, an online and mobile membership-free wholesale retailer that offers direct delivery of bulk-sized packages. Founded in 2013, there’s really one simple idea behind Boxed: make shopping for bulk easy, convenient and fun, so you can focus on the things that really matter. But there’s much more going on behind the scenes, especially in the HR department, and that’s really what got me interested in having this conversation. Chieh Huang has such a refreshing perspective when it comes to his employees that it’s hard not to be a fan. Have a money question? Email me here. Please leave us a rating or review in Apple Podcasts. "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

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0:00.0

Welcome to the Jill on Money Coronovirus Market Update. It is Sunday August 30th. Oh my gosh, the end of August, who could believe it?

0:12.0

Today we are playing the second part of our

0:14.2

interview with the CEO of Boxed. His name is Chee Wong and in this part of our

0:20.8

interview we're discussing how he views his employees and how he believes

0:27.2

everyone who works for him should have some sort of voice in the conversation.

0:32.3

Here's more of our interview with Chee Wong. sort of voice in the conversation.

0:32.5

Here's more of our interview with Che Wong.

0:35.1

So what is Boxed?

0:37.6

And I'll tell everyone why I fell in love with Jay in a second.

0:40.2

So Boxed is an online warehouse club.

0:42.2

So you take all the big things that you could buy at, you know,

0:45.7

Costco, B.J. and Sam's Club.

0:48.3

Except, you know, all the heavy stuff, we deliver right to your door,

0:51.2

two days or less for 90 plus percent of our customers

0:53.7

free shipping for 97 percent of our customers and overnight shipping for

0:58.1

43 percent of our customers across the country so it's kind of like bringing that

1:01.9

warehouse club experience to your pocket. For you when you first the barriers of entry are entry are low but the barriers of entry are low

1:08.0

but the barrier for success is kind of high because you are basically competing

1:12.3

against Amazon and everyone else.

1:14.4

So talk about that a little bit.

1:15.8

Yeah, so I look back and I just think, what were we thinking?

1:19.7

You know, in a lot of ways, you know, geez, I mean, we're a little bit naive, probably a lot of ways you know she's I mean we're a little bit naive probably a lot of

...

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