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BuildDirect lands $27M to challenge brick-and-mortar home improvement stores



 

BuildDirect lands $27M to challenge brick-and-mortar home improvement stores

BuildDirect lands $ 27M to challenge brick-and-mortar home improvement stores
News from Digital Trends:

Look out, Lowes and Home Depot, there’s a new kid on the block – and this kid is smart, web-savvy, and Canadian.

You may not have heard of them before, but Vancouver-based startup BuildDirect is coming up fast. They sell home improvement supplies much like Lowes and Home Depot, but their business model is quite a bit different. Unlike most well-established home improvement retailers, BuildDirect doesn’t run any brick-and-mortar retail locations, and instead does all of its business through the Web. This allows the company to sell building supplies at steep discounts.

While eschewing physical retail locations in favor of an e-commerce platform isn’t particularly new or different, the company says the key to its business is predictive analysis. Using sophisticated data analytics, the company can more effectively predict what customers want and when they want it. The data also helps the company streamline the inefficient home improvement supply chain, thus minimizing shipping distances and driving down prices with bids from a network of different carriers.

And it’s d…………… continues on Digital Trends

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Related News:

Looking To Amazon, BuildDirect Raises $ 30M To Take On Home Improvement …
News from Forbes:

… Read the full article


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