Former Vice Chairman of Target discusses the future of retail

Everything is changing

This Square One interview (a Harvard Law School podcast) with Jerry Storch is a unique opportunity to hear a senior business leader’s perspective on current changes in the retail business environment.

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Storch’s discussion with host, Romeen Sheth, was spirited and enlightening. The experiences and foresight shared during the conversation may be helpful for retail and brand owners alike. The podcast is one that I follow regularly, but this particular episode is one that deserves to be heard by retail business owners.

Highlights

  • Taking both Target and Toys R Us online
  • Details on the lawsuit between Amazon and Toys R Us
  • Thoughts on emerging technologies
  • Surviving as a retailer today
  • Investing in retail
  • Economic disruption

Storch also touched on the timeline of events surrounding Target’s approach to selling products online.

He discussed what it took to get Babies R Us online and whether or not he thought it was a bad decision to partner with Amazon in 2002.

There was an interesting value comparision between the deals Amazon had with Babies R Us and with Target.

Then he took a forward looking view on what retail will look like in a few years, how mandatory minimum wage
might affect economic change and unempoyment… and much much more

Square One is a podcast series run by the Harvard Association for Law & Business (HALB), one of the largest run student organizations at Harvard Law School. They connect with senior Executives to discuss their careers and how they got to where they are today.

Jenn is the Founder and CEO of Cotton Babies. She holds an Executive MBA from Washington University. She was awarded Ernst & Young’s Entrepreneur of the Year award in the Emerging Category for the Central Midwest Region in 2011. Among many other awards, she recently received a 2017 YWCA Leader of Distinction Award for Entrepreneurship. Jenn holds many patents on various inventions in a number of different countries and is listed as one of 50 Missourians You Should Know. She is particularly fascinated by languages, chickens, and children (she has four) when she’s not reading economics journals.

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