What we think the numbers are saying is that the frequency and retention of existing customers is not anywhere near where it needs to be for the model to work in our opinion.
More Quotes from Tom Courtney:
It's fairly niche-y, it's not going to be a broad based business model that can succeed in a lot of different categories.Tom Courtney
I don't think that the name-your-own-price model was a consumer-friendly, easy way to buy products. It was all about squeezing out a little bit of price savings and for that you gave up service, selection and convenience. I don't think a large enough group of customers were willing to do that.
Tom Courtney
What that means is that when everything is all said and done, this thing is going to be a much smaller business than people thought. We're not saying none of it the model works we're saying it's only going to work for a small group of customers, relative to what people thought.
Tom Courtney
My head was exploding, my stomach ripping, and even the tips of my fingers ached. The only thing I could think was, If I live, I will never run again
Tom Courtney
Has Wall Street paid too much for Amazon Investors bid the stock up too much in anticipation of it growing faster than it's going to grow. But if Amazon keeps executing and making progress in keeping costs down, it can still work.
Tom Courtney
In the fourth quarter of calendar 1999, sales grew 170 percent year-over-year. In the second quarter they just reported, sales grew 84 percent. So, if you went back six months, Amazon's market capitalization when they generated that 170 percent growth was probably around 25 to 30 billion. Today it's 15 billion,
Tom Courtney
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Based on Topics: Opinions QuotesLogic is the beginning of wisdom, not the end.
Leonard Nimoy
Life for rent means that my life isn't really my own, I only rented it for a while, but if I don't manage to buy it, to own it, then nothing of what I think is mine is really mine.
Dido Armstrong
Man's unhappiness, as I construe, comes of his greatness; it is because there is an Infinite in him, which with all his cunning he cannot quite bury under the Finite.
Thomas Carlyle