Quince’s $50 Cashmere, Supply Chain Savvy Beat E-Commerce Curse
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Quince’s $50 Cashmere, Supply Chain Savvy Beat E-Commerce Curse
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About this listen
The consumer price index has risen quickly since early 2020, with some categories seeing steeper price increases, making it hard for consumers to avoid feeling swindled. Quince, an online retailer, has found success by selling low-cost "luxury" goods, cutting out middlemen, and using data analysis and close relationships with manufacturers to keep prices low.
Amanda Mull, Bloomberg Businessweek Senior Reporter writes how Quince's approach to logistics, shipping merchandise directly from manufacturers to customers, has enabled the company to undercut competitors' prices and achieve efficiency unheard of among large apparel retailers.
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