Business of Home Podcast

Retail is broken. Michele Varian and Jay Norris aim to fix it

Episode Summary

Michele Varian and Jay Norris, the founders of Guesst, discuss what effect out-of-control rents have had on the design world, why the internet broke the wholesale model, and how COVID-19 will reset the retail equation.

Episode Notes

Michele Varian and Jay Norris are the founders of Guesst, a tech platform that allows brands, retailers and landlords to connect in new ways. In addition to being an entrepreneur, Michele is also the owner of a beloved New York design shop that she recently relocated from SoHo to Brooklyn to escape skyrocketing rents. As a broker in the commercial real estate world, Jay saw the rent crises unfold from the other side of the table. Together with host Dennis Scully, they discuss what effect out-of-control rents have had on the design world, why the internet broke the wholesale model, and how COVID-19 will reset the retail equation. This episode is sponsored by The Urban Electric Company.