Theo Paphitis Quotes

Like most people, there are things I love about Amazon. It's cheap, it's fast, and it's at my doorstep. But Amazon will never replace the important role my local indie plays in my community.

I believe that Amazon is going to destroy the box stores... and when box stores go under, restaurants go under, the movie theaters go under, the gas stations go under. You become ghost towns.

When I first started doing work on how the Internet is affecting commerce, like a lot of people, I was really excited by this nearly perfect market.

Well, another market is being created now out of Internet technology.

The internet population is going up and up. I am confident that this will be a huge market.

Regardless of how it's done, transaction costs will continue to plummet as computers get more powerful. Low transaction costs are a wonderful thing if you're in the transaction business. They're wonderful for consumers too, making it cheaper and easier to buy things and creating new things to buy.

And what most people don't understand is the bulk of business in this country is small business.

Small business is crucial. I think we talk so much about large businesses, they're well represented; they talk well for themselves. But most people work for small businesses; most wealth that stays in a community gets generated from them.

Over many generations, fortunes in the business world were made through buying and selling products in physical stores. Internet fortunes have been made buying and selling products online.

If people support independently owned small businesses in their community, they can make a difference.

E-commerce is applicable to Russia, just as it's applicable to any other market.

There's no locality on the web - every market is a global market.

Brick and mortar businesses - and the communities that depend on them - cannot continue to bear an unfair sales tax burden from which their on-line competitors are effectively exempt.

We know that trade doesn't just help Wall Street or even just Main Street; it also helps businesses on the side streets, such as Elston Avenue in my home district.

Offline, anything is expensive. Online is much cheaper, usually, to do almost anything.

We have a wonderful district with lots of fun little stores and companies and farms.

I am incredibly passionate about craft but am just as passionate about supporting local craft companies.

When we look at the investment decisions into the city of Compton, the small business community and global corporations and retailers and all of those types of services that decide to come into the community to serve it, they look at the perception, how does the brand work with the local community.

E-commerce is a powerful means to connect the unconnected to global trade.

Supermarkets must not eliminate the individual retailers and market roads like the Northcote.

The digital economy is impacting us in a big way.

What's changed in New York, and what made us really change our thinking about New York, is that the different neighborhoods are becoming more important as shopping destinations than they used to be.

Art.com is a fantastic opportunity to move into the consumer space, as we have the content and now we have the means to go to the consumer and sell to them directly.

I grew up in Oxnard, CA, and I went to a church called St. Paul, where I was playing drums. My mom had a strawberry company. The whole town of Oxnard is basically built on produce, and more particularly, strawberries.

I think, as e-commerce grows as a category, most e-commerce companies are focused on women because they are the decision makers and the consumers. When you think of e-commerce, and fashion is a big part of that, women are much more in tune with what other women are looking for online.