Exact(4)
Because shoppers will be looking for higher-quality items, a better range of products and branded names, he said.
That's how it's able to sell its higher-quality items for less than you'd see in a traditional retail environment, the company says.
Cladwell, a minimalist clothing app, helps customers curate a wardrobe of fewer, higher-quality items, with a stated goal of crusading against the fashion industry's wastefulness.
More often, the bigger name stores will have better deals on higher-quality items.
Similar(56)
Leading the pack are high-quality items that have broad name recognition.
But she said the main reason prices blew past the estimates was the unexpected demand for rare, high-quality items bearing the museum's stellar provenance, she said.
"We engineered a way for customers to be able to buy high-quality items at a good price," says Callede. "We did this by working with designers to create items which we then put straight on our website.
But in order for it to work well and for the long term, you'll need to spend some time and money upfront to find high-quality items that fit.
Investors on Wednesday's call also questioned whether McDonald's, long known for inexpensive Happy Meals and supersizing, suffered from a wider image problem, and whether its restaurants had enough credibility to sell high-quality items like premium burgers.
Its ability to sense new trends and churn out high-quality items is far superior to other operators," says Michael Jacobs, an analyst at Dresdner Kleinwort Wasserstein, an investment bank.
Lark Mason, chairman of Asia Week New York, said he thought that the pre-sale estimates "were not modest" but even they had not captured the strength of demand, which could be explained by a growing number of wealthy Chinese buyers chasing rare, high-quality items.
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