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Power Law company profile

KREAM

eCommerce & Marketplaces · Seongnam-si, South Korea · Founded 2020

Kream.co.kr is a South Korean online retail startup that specializes in the sale of trendy and high-end fashion items, particularly footwear and clothing. The company operates in the e-commerce market, serving a broad range of clients, from fashion enthusiasts to casual shoppers looking for quality and stylish products. The business model of Kream.co.kr is based on e-commerce retailing. They source a wide variety of products from popular brands such as Nike, Adidas, The North Face, and Supreme, among others. The company offers these products to consumers through their online platform, providing a convenient and accessible shopping experience. Kream.co.kr makes money by purchasing products at wholesale prices and selling them at retail prices. The difference between the purchase price and the selling price is the company's gross profit. Additionally, they also offer exclusive products, which can command higher prices due to their limited availability and unique designs. The company's website also mentions a 10% cashback program, which suggests that they have a customer loyalty program in place. This strategy not only encourages repeat purchases but also enhances customer retention. In summary, Kream.co.kr is a digital-first retailer that capitalizes on the growing trend of online shopping, offering a wide range of fashionable products from well-known brands. Keywords: E-commerce, Online Retail, Fashion, Footwear, Clothing, South Korea, Customer Loyalty Program, High-End Brands, Exclusive Products, Online Shopping.