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What Retail Will Look Like in 5 years with Richard Baum of Consumer Growth Partners
Richard Baum is the Managing Partner at Consumer Growth Partners (CGP), a private equity firm that specializes in helping companies with high growth potential to sell or monetize their business. Richard is a Harvard Law School graduate and he studied Economics at the University of Michigan where he graduated magna cum laude.
Prior to Consumer Growth Partners (CGP), Richard spent over 15 years as one of Wall Street’s leading equity research analysts covering the specialty retailing sector at Credit Suisse First Boston, Goldman Sachs, and Sanford C. Bernstein.
In this episode…Are online marketplaces starting to replace brick and mortar stores? Retailers are moving into online marketplaces at lightning speed because of the extent of their reach but for Richard Baum, while they do offer convenience, products sold in physical stores still have an upper hand in key areas of the retail market such as product quality assurance and brand equity.
Richard Baum is the Managing Partner at Consumer Growth Partners and for him, selling on Amazon is a great idea but it isn’t the end-all and be-all for the companies who are looking to sell their products. He also says that while big brands should consider getting into partnership deals with Amazon to protect their brand credibility, small businesses should focus on establishing their brand in Amazon’s volatile retail environment.
Eric Stopper sits down with Richard on this week’s episode of The Buy Box Experts podcast where Richard talks about his perspective on the banning of adult product ads, what a non-Amazonable product is, why luxury items opt-out of Amazon, and what the future holds for the retail market in the next five years. Stay tuned.
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By Joseph Hansen and James ThomsonRichard Baum is the Managing Partner at Consumer Growth Partners (CGP), a private equity firm that specializes in helping companies with high growth potential to sell or monetize their business. Richard is a Harvard Law School graduate and he studied Economics at the University of Michigan where he graduated magna cum laude.
Prior to Consumer Growth Partners (CGP), Richard spent over 15 years as one of Wall Street’s leading equity research analysts covering the specialty retailing sector at Credit Suisse First Boston, Goldman Sachs, and Sanford C. Bernstein.
In this episode…Are online marketplaces starting to replace brick and mortar stores? Retailers are moving into online marketplaces at lightning speed because of the extent of their reach but for Richard Baum, while they do offer convenience, products sold in physical stores still have an upper hand in key areas of the retail market such as product quality assurance and brand equity.
Richard Baum is the Managing Partner at Consumer Growth Partners and for him, selling on Amazon is a great idea but it isn’t the end-all and be-all for the companies who are looking to sell their products. He also says that while big brands should consider getting into partnership deals with Amazon to protect their brand credibility, small businesses should focus on establishing their brand in Amazon’s volatile retail environment.
Eric Stopper sits down with Richard on this week’s episode of The Buy Box Experts podcast where Richard talks about his perspective on the banning of adult product ads, what a non-Amazonable product is, why luxury items opt-out of Amazon, and what the future holds for the retail market in the next five years. Stay tuned.