Amazon, Zappos, Victoria's Secret Among Brands Most Admired by Retail Executives

"I believe there's more innovation out there, but this type of innovation can only be done by small, nimble companies that have the ability to move fast," he said. "Because of their size, small companies can leverage technologies more quickly and efficiently. We've been able to do that at Totsy, and we have 2.5 million consumers after being in existence in almost three years."