
To help millennials declutter their shopping, Figliulo & Partners is debuting its own product review site. Quiddity offers recommendations in product categories like blenders, mattresses and renters’ insurance through a proprietary algorithm that computes scores based on expert and customer reviews, brand heritage and retail category. The site, similar to Wirecutter and Consumer Reports, launches this week.
“We thought we can create an experience that gives them all the information they want at their fingertips, but with the storytelling,” says Mark Figliulo, founder and CEO of F&P. Consumers, particularly urban millennials, he says, have a fragmented shopping experience that offers too much information.
As younger consumers change their shopping habits and startups offer more e-commerce sites, there is more interest in product reviews to pare things down. In 2016, The New York Times bought review site Wirecutterand its sister site, Sweethomefor $30 million, for example. According to reports, the site was bringing in between $10 million and $20 million a year at that time.
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