“What online-only company is really profitable? Basically none of them. That’s the dirty secret”
It wasn’t a retail dinosaur who said that, and the quote isn’t from the last millennium, when sceptics questioned whether online retail would ever take off.
The words were Everlane founder Michael Preysman’s, spoken just this month in a CNBC interview.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.