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Jet.com’s Impossible Success Story
Jet.com is an exciting success story showcasing that what may seem impossible and risky investment at first can turn into an indisputable success in a matter of a short period of time. The small company that began its operations as a risky start up merely 2 years ago, is now sold at an unprecedented evaluation ($3.3 Billion) to the world’s largest retail corporation. When the company launched on July 21, 2015, its CEO, Marc Lore was quoted saying that the company’s goal is to compete with Amazon. A very bold statement at the time. Yet, the innovative founder who previously sold its former business (diapers.com) to Amazon, had a reason to remain positive. He set an ambitious, detailed plan to assure that the attempt will carry the hype it had created through its immense marketing efforts..
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Bedbathandbeyond.com Expert Review
Bed Bath & Beyond Inc. and subsidiaries (“BBB”) operates a chain of retail stores under the names Bed Bath & Beyond in the United States, Canada and Mexico, as well as, World Market, Cost Plus World Market, Christmas Tree Shops, and That!, Harmon, Harmon Face Values and buybuy BABY in the United States. The Company is also a partner in a joint venture, which operates retail stores in Mexico under the name Bed Bath & Beyond. The Company was founded by Warren Eisenberg and Leonard Feinstein in 1971 when they opened their first store in northern New Jersey called Bed ‘n Bath. By 1985, the Mr. Eisenberg and Feinstein were operating 17 stores in the New York metropolitan area and California. They also opened their first superstore in 1985 and changed their name to Bed Bath & Beyond. Through its retail stores the Company sells a wide assortment of domestics merchandise and home furnishings primarily for the bedroom and bathroom. The Company's over 1,400 stores principally range in size from 15,000 to 50,000 square feet, with some stores exceeding 80,000 square feet. Bed Bath & Beyond has 1,014 locations in 2014. Additionally, the Company includes Linen Holdings, a business-to-business distributor of a variety of textile products, amenities and other goods to customers in the hospitality, cruise line, food service, healthcare, and other industries. The Company’s objective is to be the customer’s first choice for products and services in the categories offered, in the markets in which the Company operates. The Company’s strategy is to achieve this objective through excellent customer service, an extensive breadth and depth of assortment, everyday low prices and introduction of new merchandise offerings, supported by the continuous development and improvement of its infrastructure. Financials: Bed Bath & Beyond is a publicly traded company on the NASDAQ under the symbol “BBBY”. The Company’s stock price was trading at $73.54 as of review date. The stock’s low point over the last year was $54.96. BBB’s fiscal year end is March 1st. Trailing twelve months as of 11/29/14 Revenue is $11.75B, Gross Profit of $4.57B and EBITDA of $1.79B. As of quarter end 11/29/14, BBB had $1.18B of Cash on their balance sheet. BBB has a Market Cap of $13.35B and 181.57M shares outstanding. The Company has exhibited single digit Revenue growth over the last 3 fiscal years and their Net Income has remained relatively flat year over year. Analysts that cover BBB expect similar modest revenue and profitability growth in the future. The Company appears to be at the mature stage of it’s life cycle as evidenced by it’s single digit growth year over year. The Company’s modest Revenue growth appears to be a result of new store openings, approximately 13 new stores openings on average per year, as well as an increase in e-commerce sales. The Company’s Revenue is largely dependent on the recovery of the Housing Market, which has seen in improvement since the most recent economic downturn.
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Woot.com Expert Review
Founded on 2004 by former CEO Matt Rutledge, WOOT! is considered one of the earliest and most popular “one deal” online retailers. The theory behind its business strategy was creating focus, hype and differentiation despite the competitive e-commerce conditions. This agenda led Woot’s founders to employ the “one-deal-a-day” notion as their business model. This model created the focus needed for offering aggressive deals with up to 70% in savings for the end consumer. The focus was possible given the narrow array of products offered at a given day. Consumers who took advantage of these deals were then incited to visit the site and shop again via sophisticated e-mail marketing approach. This unique shopping experience included unconventional product descriptions in which products were described through humorous short stories written by the sites’ content writers. (At the same time, more serious, technical information was provided below the Woot-written description). The combination of highly attractive deals with well executed social media approach created an immediate hype among consumers. On June 30th 2010, the growing popularity of the site led to its acquisition by one of the worlds’ largest internet retailers - Amazon for $110 million. Since the acquisition, the company had gone through major changes, six of its key founder executives including the CFO Rene Gonzalez, the CTO Luke Duff, and CEO Matt Rutledge left the company. Apart from the changes in management, the business model had a significant impact as well. The website began offering a large array of consumer products on a daily basis including a selection of wine, shirts, home goods, electronics and more.
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Jomashop.com Review
Jomashop is a leading high-end accessories online store. It specializes in luxury watches such as Rolex, Breitling and Cartier. It is uniquely differentiated as the store with the largest variety of watch models available online. Jomashop has been in business for 29 years but began its online business only in 2000. Apart from watches the website is also known for its luxury pens, handbags, and crystal art pieces. The company is currently managed successfully by Osher Karnowsky. In 2015 the company made news by adopting automated software for online protection against fraudulent transactions. This move has helped the company reduce customer verification times from 2-3 days down to 2-3 hours. It also allowed the company to attract international sales more aggressively and resulted in higher revenue figures in recent years.
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Jet.com Review
Jet.com is a newly lunched online marketplace. While researching the website it was clear that its founders were attempting to deliver a fresh and seamless shopping experience to the end consumer. The website is specifically designed for those shopping online on a daily basis. Although, as a start it focuses on regularly consumed household items such as beverages, kitchen and food products browsing through the categories reveals a list of vast variety of products including: clothing, furniture, sporting goods and consumer electronics, and more. Jet.com is able to achieve this abundancy of inventory by partnering with many individual and local businesses in different industries. Pricing policy and business model Shopping at jet.com requires a membership. To become a member, users are asked to pay an annual fee of $50. The website does provide its newly acquired customers with a free 90 days trial. In return members are promised to gain access to prices that are 5-15% cheaper than everywhere else online and free 2-days shipping service on a selected collection of products (mainly groceries) for orders above $35. is also part of the service offered along with the membership.
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