YouTube interview excerpt in which an unnamed speaker (SPEAKER A) reflects that timing was their luckiest break for a luxury-goods e-commerce business: they joined in summer 2016 and attribute success to a contemporaneous shift in consumer sentiment toward buying luxury items online.
Summer of 2016.
Consumers became comfortable buying luxury goods online (around 2016).
What would you consider your luckiest break that you've had so far in with this business? I think there was a couple lucky breaks. If we did this business 10 years before, 10 years after, I don't think we would have succeeded. So your timing is a lucky break. Timing. The timing was just perfect. I joined in 2016, summer of 2016. And there was right around that time, there was a huge shift in consumer sentiment in terms of consumers are getting comfortable buying luxury goods online. And it was. That's when it really started to pick up.
