Crate and Barrel

5 statements across 2 episodes · 1 bullish · 0 bearish · 1 people on the record · first statement Feb 20, 2017 by Gordon Segal · across every show →

Everything said about Crate and Barrel, oldest first

Feb 20, 2017 neutral

Assertion Supported

Crate & Barrel ultimately grew to $1.2 billion in annual retail sales

“It's about 1.2 billion a year. And we went from one employee and out of 7000.”

Gordon Segal Feb 20, 2017 ▶ 23:12 Crate & Barrel: Gordon Segal

Nov 18, 2019

Assertion Not checkable as stated

Segal offered half of Crate & Barrel for $10,000 before opening

“I spent six months running around to everyone I knew who had any wealth and offering them half the business for 10,000 dollars.”

Gordon Segal Nov 18, 2019 ▶ 6:16 Crate & Barrel: Gordon Segal (2017)

Nov 18, 2019

Assertion Supported

Crate & Barrel generates about $1.2 billion annually with 7,000 employees

“It's about 1.2 billion a year. And we went from one employee and out of 7000.”

Gordon Segal Nov 18, 2019 ▶ 23:37 Crate & Barrel: Gordon Segal (2017)

Nov 18, 2019 positive

Insight

Crate & Barrel's core thesis: direct European sourcing with standard domestic markups

“Obviously, the motivation of going into business was to find beautiful things for other young people, but if we could buy things from Europe directly, and just mark them up normally as if you bought them domestically, not take a big margin, but take a short ma…”

Gordon Segal Nov 18, 2019 ▶ 4:22 Crate & Barrel: Gordon Segal (2017)

Nov 18, 2019

Assertion Not checkable as stated

Segal's father provided a $7,000 loan to launch Crate & Barrel

“The only person who gave us the money was my father, who lent us 7000 dollars.”

Gordon Segal Nov 18, 2019 ▶ 6:39 Crate & Barrel: Gordon Segal (2017)

Crate and Barrel

Everything said about Crate and Barrel, oldest first

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