E-Commerce and Mobile: Nowhere to Go but Uphttp://www.fool.com/investing/general/2013/08/30/e-commerce-and-mobile-nowhere-to-go-but-up.aspx Austin Smith
August 30, 2013
Join the Fool for a conversation with Harvey Kanter, who took over as CEO of online jewelry retailer Blue Nile (NASDAQ: NILE) in March 2012. Harvey came to Blue Nile from Moosejaw Mountaineering, having previous worked at other retailers including Backcountry Travel, Michael's, and Eddie Bauer. Based in Seattle, Blue Nile specializes in engagement rings, and prides itself on educating first-time buyers about diamond quality.
Harvey discusses the realities of being an online retailer, including projections for the growth of online commerce -- especially mobile -- and the prospect of an online sales tax.
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Austin Smith: Obviously, you guys are very online dependent. Right now, depending on how you calculate it, online purchases are only about 10%-15% of bricks-