Retail & Consumer
Has the tidal wave of born-digital upstart brands killed traditional retail? Are these “game-changing” newbies everything they seem, or is something else going on? Scott Friend and Mark Weikel, two serious OGs, still on the front line of retail’s undulating landscape, give us a peek behind the curtain to help us figure out “…the f#*k is going on here?!?"
OPERATOR Mark Weikel | Retail Whisperer
Mark Weikel served as President and Chief Executive Officer of Retail Optical North America at Luxottica Group SA from January 2013 to March 2014 and Senior Business Advisor from March 2014 to December 2014. Mark was President and General Manager for Lenscrafters at Luxottica Group SA from January 2011 until January 2013. Mr. Weikel joined Luxottica in February 2010 as Senior Vice President and General Manager of Sunglass Hut North America. Prior to joining Luxottica, Mark was Chief Operating Officer of Lord & Taylor from 2007 to 2008. He held a variety of leadership roles including Chief Operation Officer and President of Victoria’s Secret, from 2003 to 2007.
Before that he held a variety of leadership roles with the May Department Stores Company, including Chief Financial Officer and Chairman for Foley’s Department Stores. His other directorships include: OneSight, a non-profit organization since April 2012. The Gymboree Corporation November 2014 to September 2017, and 2020 On-Site Optometry, Inc. from December 2015 – January 2017. The Magic House, since December 2016, Tractor Supply Company Board member, audit and compensation committees 2014 - present.
INVESTOR Scott Friend | MD, Bain Capital Ventures
MD, Bain Capital Ventures
Scott joined Bain Capital Ventures in 2006 after selling the company he co-founded, ProfitLogic (a Bain Capital portfolio company), to Oracle. ProfitLogic was the leader in the world of retail analytics and price optimization solutions. Scott was named to CB Insights’ Top 100 Venture Capitalists list in 2017 and 2018. He splits time between Boston and New York City.
Prior to Bain Capital Ventures, Scott was Chairman of the Executive Advisory Board and VP of Marketing and Science for Oracle Retail. Prior to its acquisition by Oracle in 2005, Scott was the President and co-founder of ProfitLogic. In 2005, Scott was named a winner of the Ernst & Young “Entrepreneur of the Year Award” in New England. Scott was also honored in 2004 as one of Chain Store Age’s “40 Under 40” most influential executives in the retail industry, and in 2006 received the Extended Retail Industry “Lifetime Achievement Award.”
Prior to ProfitLogic, Scott held positions at Cognitive Arts, an early pioneer in the e-learning space, The Parthenon Group, a management consulting firm, and IBM, where Scott’s customers were major retailers. Scott received an MBA, with distinction, from Harvard Business School and a BA, magna cum laude, in Electrical Engineering and Economics from Brown University.
Click here to download a full transcript of Episode 2 with Mark and Scott and check back soon, a full web transcript is on it's way!