| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
71 |
| Employees |
300 |
| Revenues (TTM) (Millions $) |
309 |
| Net Income (TTM) (Millions $) |
-168 |
| Cash Flow (TTM) (Millions $) |
5 |
| Capital Exp. (TTM) (Millions $) |
4 |
Business Description
Boxed Inc, also known as Boxed Wholesale or simply Boxed, is an online bulk grocery retailer based in the United States. Founded in 2013 by four tech entrepreneurs (Chieh Huang, Jared Yaman, Christopher Cheung, and William Fong), Boxed aims to provide its customers with a vast selection of high-quality products at competitive prices, with the added convenience of home delivery. Initially launched as a mobile-friendly site that specifically catered to city dwellers and millennials, Boxed has now expanded its services nationwide.
Boxed Inc gained popularity early on by pioneering the concept of bulk e-commerce, making the bulk buying of groceries easier and more affordable for people across the country. Unlike traditional brick-and-mortar stores such as Costco or Sam's Club, Boxed does not charge a membership fee, and customers can browse and purchase its products through its website, mobile app, or even via voice-activated devices like Amazon's Alexa. Boxed also allows customers to buy their products individually or in bulk, with discounts for larger orders.
Boxed's inventory consists of a wide variety of products, including grocery items, household essentials, health and beauty products, and even office supplies. Some of the most popular items include snacks, beverages, cleaning supplies, and pantry staples. Boxed also offers a selection of private-label products, which are mainly organic or natural products, as well as upscale brands that offer unique products not found in other stores.
Boxed's main focus is on customer service and convenience. Its straightforward and user-friendly interface allows customers to browse and purchase products easily, and there is always a clear and concise description of each product, including its price, size, and nutritional information. Customers can also use the 'autoship' feature to set up regular deliveries of their favorite products, ensuring that they never run out of the items they need.
In addition to offering quality products, Boxed also takes pride in its commitment to social responsibility. The company has implemented a number of eco-friendly initiatives, such as using recycled packaging and minimizing waste. Boxed also donates a portion of its profits to various charitable organizations, such as Feeding America and No Kid Hungry.
Overall, Boxed Inc has revolutionized the way people buy groceries online, offering an expansive selection of quality products at competitive prices with the added convenience of home delivery. Its success can be attributed to its focus on customer satisfaction, convenience, and social responsibility, making it one of the most innovative and customer-centric companies in the e-commerce industry.
Company Address: 451 Broadway, Floor 2 New York 10013 NY
Company Phone Number: 586-5599 Stock Exchange / Ticker: NYSE BOXD
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