Zulily CEO: Customers happy to trade shipping speed for savings
Can Zulily overtake Amazon, Walmart in the online retail wars?
Zulily CEO Jeff Yurcisin sat down with FOX Business’ Liz Claman for an exclusive interview Wednesday to discuss how his company is taking on Amazon and Walmart.
Zulily is an online shopping site offering fashion, décor and kids’ clothing.
Screenshot of Zulily app
WALMART, TARGET WINNING AS KOHL'S, MACY'S STUMBLE
Zulily has gotten attention for its “Best Price Promise,” which allows customers to find an identical item at Amazon.com or Walmart.com and notify Zulily. Then it will “match or beat” the price, according to the company’s website.
Claman asked if this price-match feature will be enough for “David to slay twin Goliaths” since Amazon is known for offering two-day shipping on many products.
AMAZON TO DOUBLE HOLIDAY HIRING TO 200,000
Screenshot of Zulily app
“The reality is most customers don't need items in 24 hours or 48 hours,” Yurcisin said. “We have found that there are millions and millions of customers who are willing to trade shipping speed for real-dollar savings.”
CLICK HERE TO READ MORE ON FOX BUSINESS
Yurcisin seemed confident Zulily can meet customer needs despite being a smaller organization than others in the industry.
Screenshot of Zulily app
GET FOX BUSINESS ON THE GO BY CLICKING HERE