Attention Shoppers: Boxed Wants to Be the Online Costco

Oct. 20 (Bloomberg) -- New York City is gaining ground on Silicon Valley to become a go-to place for business-savvy startups. Boxed, which sends consumers products in bulk without traditional membership fees, is using new technology to solve old distribution challenges. Bloomberg's Shelby Holliday reports in the first installment of the week-long special "New Hack City."

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