I am excited to welcome Ken Pilot to E304 of #thePOZcast! Ken is a seasoned retail executive and shares his journey in the retail industry and his experiences as an entrepreneur building Ken Pilot Ventures. He discusses his role in building the Gap outlet business and the challenges he faced. Ken also talks about the failure of Robot Galaxy and the lessons he learned from it. He shares insights on the survival and failure of legacy retailers and the success of Crocs.
Ken discusses the launch of Ken Pilot Ventures and his role as an investor and advisor in the retail technology space. Finally, he talks about his podcast, The Retail Pilot, and his plans for the future. I enjoyed our conversation about podcasting, the greatest retailers of all time, balancing corporate responsibility, and finding one's North Star.
For more on Ken, please check out: https://kenpilotventures.com/theretailpilot
Podcast: https://redcircle.com/shows/64611c4d-85ea-4b6e-95c9-6846db88ab6e
Apple: https://podcasts.apple.com/us/podcast/the-retail-pilot/id1679065325
Youtube: https://www.youtube.com/channel/UC9346QTT9nNXR17WDflyDoA
#thePOZcast is brought to you by our friends at Interseller – the prospecting + outreach platform of recruiters and sellers.
Check out a free demo today! https://bit.ly/2Fbm/BZ
Thanks for listening, and please follow us on Insta @NHPTalent and X @AdamJPosner and all past shows at www.thePOZcast.com
Key Takeaways:
- Innovation and creating an emotional connection with customers are crucial for the success of retail brands.
- Partnerships and collaborations can help brands stay relevant and drive business.
- Listening and asking the right questions are key skills for podcast hosts.
- Being open to unexpected directions and pivoting during interviews can lead to valuable insights.
- The retail industry is evolving with the rise of technology and the importance of comfort and personalization. Preparation and curiosity are key to successful podcasting.
- Mickey Drexler, Roger Farah, and Lou Frankfurt are some of the greatest retailers of all time.
- Companies should balance corporate responsibility while being mindful of polarizing audiences.
- The greatest piece of advice is to enjoy what you do, find humor in your surroundings, and stay positive.
- Honesty and transparency are important values to uphold as a North Star.
00:00 Introduction and Background
03:03 Entering the Retail Industry
08:43 Intrapreneurship at Gap
14:08 Lessons from the Failure of Robot Galaxy
19:31 Survival and Failure of Legacy Retailers
25:51 The Success of Crocs
27:57 Launch of Ken Pilot Ventures
32:48 The Retail Pilot Podcast
38:05 The Key to Podcasting
39:21 Greatest Retailers of All Time
42:19 Balancing Corporate Responsibility
44:20 The Greatest Piece of Advice
45:38 Ken Pilot's North Star