Forbes Contributor Interview: Luxury Fashion Redefined & Futuristic Shopping Experience
An interview from Sep 2020 –
“Where Entertainment Happens, Shopping Follows…”
Forbes Contributor Richard Kestenbaum believes the next evolution in retail is when people come for entertainment not shopping, but they end up spending and buying: “Think about ‘The Las Vegas Model’. Retail should focus on experience first: create a unique facility where the majority of the space is for entertainment and there are many forms of entertainment, including theme park for children.”
Kestenbaum covers topics in retail, fashion, consumer insights and has been an investment banker for over 35 years focusing on M&A deals for the retail and consumer goods industry. He has sold popular online fashion shopping site Shopbop to Amazon. He also appears regularly in print and other media as well as industry panels and speaking programs. Kestenbaum received his MBA with a concentration in Finance from Harvard University.
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