James Khuri is an American businessman and entrepreneur who has been developing successful businesses for more than 20 years. He is the CEO of nine firms that center on a variety of industries, including retail shops, real estate, e-commerce platforms, and manufacturing goods and distribution.
Khuri’s experience in business and industry spans a wide range of disciplines, making him one of the most well-rounded businessmen in the country. James Khuri is the CEO of Khuri Enterprises and FJ Holdings, he currently resides and works in Los Angeles CA.
James Khuri is a wildly successful entrepreneur who has been developing successful, innovative businesses and business models for more than 20 years. He is currently the CEO of Khuri Enterprises and FJ Holdings. What makes James so successful is his innovative thinking and ability to see opportunities where others don’t. He started his first business at the age of 21, and he’s been growing it ever since. With vast knowledge in a variety of industries, James is always looking for new ways to bring value to his clients and employees.
When asked about what the future of the business world looks like he said, “During the pandemic, it has become more evident that E-Commerce will be the future of shopping and receiving goods. This is one thing I do not think will change once everything settles. For this reason, I have decided to focus my time and energy on investing in E-Commerce. Although I do not think the commercial real estate market is going anywhere or doesn’t deserve my time or investments- I see great opportunity in E-Commerce and want to make sure I have early investments in this booming industry.”
Khuri believes that accessibility to products is something that was highlighted during the pandemic and will not be going away, “people are used to receiving an item at their door steps a day or two after purchasing, why would they want or expect anything different?” he says. Shipping times have gotten shorter and shorter, Walmart-Online even offers same day delivery, making the competition for retail brick and mortar stores and even other online businesses extremely tight. It has been two years since the pandemic started, people are online shopping all day every day and Khuri does not believe that will end after the pandemic ends.
The world of online shopping, from Walmart Online to doordash or instacart or small business on etsy are not going anywhere. Today’s consumer is not what it was 10 years ago, people are looking for convenience. Many people are now working from home and the option to have almost anything delivered to your front door is becoming extremely efficient for all parties involved. Everyone’s lives are getting more and more busy so why go grocery shopping when an Instacart shopper can do it for you? Or grab all of your household essentials on Walmart Online and have them delivered the next day (sometimes even the same day!)? There are entire businesses that run solely online and use their social media presence for marketing and online shops to purchase. The technology in E-Commerce is advancing, people are able to virtually try on clothes, take quizzes to find out which product is best, read/leave reviews, talk with a specialist and more. Businesses are wondering what is the point of having a brick and mortar location with rent prices constantly increasing. James Khuri is recognizing this and his new goal for the next couple years is to make strong investments in E-Commerce businesses and technology that supports it.
In March and April of 2020 E-Commerce stores were booming, so much so that many many products were out of stock and back ordered. People could not leave their house to get essentials, and with everyone being at home those essentials were very much needed- even more than before. Warehouses became flooded with orders but with limited workers, supply and demand were off balance. While business was great and money was coming in, other problems were arising. There weren’t enough people to fulfill the countless orders and the shipping and receiving from other countries was extremely slow.
This is a major worry of E-Commerce shops; how to navigate unforeseen and uncontrollable issues that may arise. In 2021 the ports were shut down so many ships were left stuck with millions of products that were supposed to be delivered to warehouses and then delivered to homes. This is an ever changing problem that arises with E-Commerce shops, but once these problems are solved- business quickly picks up and is back to normal
Since the beginning of the pandemic, businesses have adjusted and adapted to the new E-Commerce world. “Businesses are ready now more than ever, if one thing came out of the pandemic it is that a business can be created, run, and operated from the comfort of your home” James says. Many online businesses began during the pandemic as many people were out of work and left to entertain and keep busy. The ideas and aspirations of starting a business or a side project were finally able to come out and in turn many unique services and products surfaced the internet.
What does this mean for retail stores?
“Retail Stores are still essential, people are still looking to go into a store; shop, try on clothes, look at a selection- that experience is not ending, but E-Commerce is going to be equally as big. People love convenience, so for every retail store; an online presence is also important. Say a person is traveling and stops in a specialty fragrance store, they love the product they purchased but now cant purchase again unless they visit that city again. The business just lost a life-long customer. The best way to fix this problem is to have an E-Commerce site where products can be purchased and shipped anywhere in the country or in the world!” James Khuri says.
What does this mean for investors?
James Khuri responds, “For the past 20 years my focus has been on commercial real estate, I have put my efforts, money and time into investing in spaces where businesses can grow, host and have a place for work. The thought of E-Commerce being the wave of the future at first was a bit scary to me, but you have to move with the changes or else you will get left behind. Taking on this new challenge and seeing it as an opportunity is how I believe every investor should approach E-Commerce. Since it is somewhat a new industry and only going to be growing bigger and bigger it is a great time to invest. Understanding what is sustainable in the E-Commerce world is of the utmost importance. Sustainability in the E-Commerce space can look like diverse offerings, innovative technology or unique services. Investing in the E-Commerce space is a great way to diversify your investments and invest in the future. Everyday more and more people are looking to purchase online and start an online business so allocating money to these spaces will be very beneficial.”
Interviews and PR by Matt Peters and Team.
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