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Styletread's steps to become a $100 million business South Australian allegedly pledges allegiance to IS South Australian allegedly pledges allegiance to IS Lee Munro doesn't own that many pairs of shoes but admits to being a little bit fixated. "At various times I've been obsessed with what's on people's feet on the streets and looking down," he says. "I'm often looking at feet not faces."  It's all market research for Munro who is the managing director of Styletread, Australia's largest online shoe retailer, which just hit the milestone of $100 million in revenue since it was founded in 2010.  รองเท้า แฟชั่น 41 The 34-year-old has been looking at shoes for most of his life as a member of Australian shoe royalty, the Munro family. Lee Munro is the managing director of Styletread.   His father Graham Munro first started making shoes in Melbourne more than 50 years ago and continues to head up the family business along with his mother Kerrie who is the lead designer for the Munro Group's inhouse brands. His brothers Jay and Bill both run other parts of the family business and Munro says "it's in your blood and we've been fortunate enough as a group to grow." Munro says the online shoe retailer is ready for Amazon's arrival.   Munro says there are certain advantages to being part of a close-knit private family business. Styletread is Australia's largest online shoe retailer.  "You can have a barney and a blow-up but knowing there's not going to be permanent damage," he says. "We were raised in a family where you had to have thick skin anyway so that helped. We do have our differences but there is always a resolution, there is always a way to overcome it. Family is more important to us than the business."  Family may come first but business is booming.  The Munros acquired Styletread, from founders Mark Rowland and Bjorn Behrendt in 2013 when the online retailer had revenue of $13 million.  Under Lee Munro's stewardship the business has grown to turnover of $23 million last financial year, a significant slice of the Australian online shoe market, valued by Ibisworld at $364 million last year.  Family is more important to us than the business. "I think the initial founders did an amazing job of promoting the business and it was visionary at the time to offer free delivery and free returns so they managed to scale the business quite quickly," Munro says. "The issue they had is they didn't have the business model and economics right to make that growth sustainable.

For the original version including any supplementary images or video, visit http://www.smh.com.au/small-business/entrepreneur/styletreads-steps-to-become-a-100-million-business-20170519-gw8jm0.html

Albeit, the feature is using (human) stylists too, at least for now, to help train what Amazon surely hopes will be entirely robotic style recommendations down the line. The app will also suggest clothes for users to buy based on their style selections — opening up another revenue stream for Amazon, and one that could prove pretty sticky if Echo Look delivers on its promise of furnishing users with a personal stylist whose killer feature is the ability to shop tirelessly on your behalf. This new voice-controlled, Internet connected Echo camera is designed to condition users to feed it with the training data Amazon needs to build a fashion savvy AI. As data grabs go, it’s exceedingly well dressed. As I wrote in July 2015 , adding a camera to Echo makes perfect sense for Bezos’ massive fashion ambitions. With an eye to see you, Echo Look promises to contain your self-image better than a mirror by claiming to know which of your outfits is the fairest of them all. Fashion is often sold as something feel good and confidence building — a way to belong and blend in within a peer-group. But equally style can be deliberately different; the essence of individual self expression. So whether there’s an AI that can usefully cater to all those different facets remains to be seen.

For the original version including any supplementary images or video, visit https://techcrunch.com/2017/04/29/how-echo-look-could-feed-amazons-big-data-fueled-fashion-ambitions/

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