[Exclusive] Wholesale pure-player Boxed to grow by 40%

An article by La rédaction

Publication

11 October 2021 à 11h35

Updated on 20 December 2024 à 15h56

Reading time

2 minutes

Publication: 11 October 2021 à 11h35, Updated on 20 December 2024 à 15h56

Reading time: 2 minutes

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An article by La rédaction

Publication

11 October 2021 à 11h35

Updated on 20 December 2024 à 15h56

Reading time

2 minutes

Publication: 11 October 2021 à 11h35, Updated on 20 December 2024 à 15h56

Reading time: 2 minutes

Share
Copy link Share on LinkedIn Share on Bluesky Share on Facebook Share on WhatsApp
Add to reading list Remove from reading list
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Although it remains smaller than Sam’s Club and Costco, the online retailer Boxed is showing insolent growth in the online wholesale sector.

According to a source close to the matter, its turnover is expected to grow by 40% this year to reach US$350 million in 2021, but the site will remain in the red. In 2020, its gross margin (14%) was roughly equivalent to Costco’s in 2020. Boxed delivers to individuals and businesses from its robotic warehouses, but does not charge a subscription fee....

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