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Sep 16, 2019 “What online-only business is really profitable? Basically none of them. It’s that dirty secret. That’s what Everlane CEO Michael Preysman said last week at CNBC Jim Cramer on why Everlane is opening stores. The statement is a complete overthrow for Mr Preysman, who said The New York Times in 2012 he preferred …

September 16, 2019 “Which online-only business is really profitable?” Basically none of them. It’s that dirty secret. So said Everlane CEO Michael Preysman last week for CNBC Jim Cramer to explain why Everlane is opening stores. The statement is a complete reversal for Mr. Preysman, who said The New York Times in 2012 that he …