Retail Consultant and Trusted Advisor | Merchandising | Product Creation | Sustainability | Corporate Retail Strategy | Speed to Market | Supply Chain | Board Member | RETHINK Retail Global Expert
The latest edition of 🗞 The Merchant Life...is written by RSG co-founder, Dr. Raj Dhiman. 🔸 🔸 🔸 Like George Costanza, I don’t drink wine. I drink Pepsi. Well, diet Pepsi. I love the stuff. Skip the can and just stick it to my veins. Diet pop isn’t the only thing that I like about the Pepsi brand. The parent company, PepsiCo, churns out high caliber CEO’s like it does corn chips. I’ll name a few CEO’s who are part of the Soda Mafia: Brian Cornell of Target, Lauren Hobart of DICK'S Sporting Goods, Vivek Sankaran of Albertsons, Mary Dillon of Foot Locker. According to Fortune, PepsiCo cranks out rockstar talent due to an intense focus on identifying and developing high performers. The process is deliberate and systematic. The company ID’s their high-potential talent and throws them in the deep end, so to speak. Talent is challenged, mentored and given room to fail. Also, you don’t have to be in the corporate office to be considered a high-performer….even truck drivers can be identified as one. Oh, and you’ll love this, PepsICo. has an expectation that executives understand the business as a whole. Being confined to one’s own business unit is a no no. That sounds superior to one and done leadership workshops and handing out meaningless certificates of completion. So, why would this matter to you? Liza was quoted in The Business of Fashion article last week discussing the “sales floor to c-suite” pipeline in retail. Specifically, how this pipeline is drying up. This isn’t earth-shattering news given that Fortune, NYT and Forbes published articles in early 2023 about the same topic. But, it does bear repetition. There was a time where future retail leaders were groomed at companies like Lord + Taylor, Abraham & Strauss and Macy's. People were able to work their way up and take on various roles. And unlike, Dr. Dhiman, I do love a great glass of🍷 Grab your glass and continue reading the latest edition of The Merchant Life --> https://lnkd.in/egKBPZD7 #retail #retailnews #businessoffashion #stores #ceos #succession #leadership
Retail Consultant and Trusted Advisor | Merchandising | Product Creation | Sustainability | Corporate Retail Strategy | Speed to Market | Supply Chain | Board Member | RETHINK Retail Global Expert
3moShoutout to Sheena Butler-Young for reaching out for her latest article in The Business of Fashion --> https://www.businessoffashion.com/articles/workplace-talent/fixing-retails-sales-floor-to-c-suite-pipeline/