Retail

Marc Lore says brands like Warby Parker can’t be created by large retailers

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Marc Lore, CEO, Walmart eCommerce

Scott Mlyn | CNBC

Walmart‘s former e-commerce chief Marc Lore sees a hot market for direct-to-consumer retailers such as Warby Parker and Allbirds, which offer something special that mass merchants such as Walmart are having a hard time replicating.

“Their products resonate with customers — a certain demographic — that are difficult for big mass merchants to replicate,” Lore said in an interview with CNBC’s “Tech Check” on Wednesday.

“Those companies will continue to grow and get bigger, and it’s difficult for mass retailers to replicate those types of brands inside,” he said. “If they were to do a private label, or something like that, it’d be really…



Source cnbc.com

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