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" ... Chavan- Our aim was in 2020 to open two stores coast to coast. So in October, we officially launched our San Francisco store. Subsequently, we decided to open at the Oculus in NYC, one of the most iconic shopping centers, not just in the US but also in the world. We had the opportunity for this prime placement in the main hall next to Apple, John Varvatos, Mont Blanc, to name a few. We signed the lease in early November and had the Grand Opening for the store on November 20. Usually, you get three months to open a store of this size. We frantically got to work, put our heads down, and were able to merchandize and open the store before Thanksgiving. So our skeleton crew opened this beautifully designed store within three weeks. ... "
" ... In my case the merchants were able to use this information to understand my context and to predict my likes and preference and then steer me to rugs that best fit me and my wife. And this is precisely what leading retailers do with Big Data: they gather diverse stores of information to truly understand the context of each customer interaction and then decide on the most appealing merchandize, the best price point or the right marketing offer. Within three or four questions, the rug merchants were able to dramatically improve their odds of showing me a rug I'd want to buy, because those three or four questions had been tested and vetted over years of experience with thousands of buyers similar to me. ... "