Wayfair Latest Online Store to ‘Get Real’
Business Wars Daily
Audible
4.6 • 717 Ratings
🗓️ 12 October 2018
⏱️ 5 minutes
🧾️ Download transcript
Summary
Today is Friday, October 12, and we’re looking at Wayfair vs. Amazon.
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Transcript
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| 0:49.3 | One, three. From Wondery. |
| 1:09.6 | I'm David Brown, and this is Business Wars Daily, and it's just about the weekend, everyone. |
| 1:12.2 | Looks like we're going back to the future. |
| 1:17.9 | Online players are opening up brick and mortar stores or displaying their stuff in big box chains. The latest is online furniture giant Wayfair, which just announced two pop-up holiday |
| 1:24.2 | stores in Massachusetts and New Jersey. In 2002, founders Niraj Shah and Steve |
| 1:30.3 | Conine believe the then-crazy idea that shoppers would buy furniture online. Well, it turns out |
| 1:37.5 | they were right, but it's not easy. Yeah, the company had revenues of almost $5 billion last year, |
| 1:43.6 | but it has numerous competitors, |
| 1:45.9 | and even with billions in revenues, it still hasn't turned to profit. |
| 1:51.0 | Now the company is conceding that maybe some of us still want to see and touch a couch before we buy it. |
| 1:59.5 | Last year, Wayfair began offering 3D in-room imaging. Using its app, |
... |
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