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Everlane needed to open stores because ‘basically’ no online-only companies are profitable, CEO says – CNBC

Everlane, a socially minded clothing company, needed to open brick-and-mortar stores because “basically” no online-only companies are profitable, CEO Michael Preysman told CNBC’s Jim Cramer. Preysman, who founded Everlane in 2011, made his remarks to the “Ma…

Everlane, a socially minded clothing company, needed to open brick-and-mortar stores because “basically” no online-only companies are profitable, CEO Michael Preysman told CNBC’s Jim Cramer.
Preysman, who founded Everlane in 2011, made his remarks to the “Ma…
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