Innovation Labs: Innovate or Die
Until recently, only a select few retail heavy hitters have been able to successfully grow with technological changes and gain strategic advantage. In order to stay relevant, major retailers today are investing in labs and other research-and-development (R&D) efforts to help them predict the shape of their markets. For retailers, as Jeff Roster of Gartner Research says, "the era of intentional innovation and agility has arrived."
- Companies:
- Amazon.com
- Wal-Mart
- Places:
- United States
John Grech is currently the Head of Retail Partnerships at Loop Commerce leading sales, business development and growth for the company. Loop is powering GXM for leaders like Target, Neiman Marcus, Vera Bradley, Coach, Kate Spade Michael Kors, and others. Prior to Loop, he was Co-Founder of Iterate Studio, a venture designed to close the gap on how retailers and brands access early-stage startup innovation. Essentially, Walmart Labs for everyone else and delivered as a service.
