Kishore Biyani: Quote of the Day

“One has to understand that at the end of the day, e-commerce is also a place where one is buying a product and a brand. In the long term, it’s all about who does it efficiently and what the customer prefers. Even after 20 years of e-commerce in the US, physical is 90% of retail. You can’t get out of physical. You have to use airports, roads, bridges—you can’t have digital or virtual transportation.” – Kishore Biyani, CEO of Future Group, one of India’s largest retailers, quote in Quartz.

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Quote of the Day: Dick Johnson

“The facts are that most of the basketball shoes that we sell never see a basketball court. Most of the running shoes that we sell never see the roads or the trail or the track. They just look really good, and they’re part of the sneaker culture that we really support.” – Dick Johnson, CEO of Foot Locker, reporting that second-quarter sales at existing Foot Locker stores rose 4.7%, via The Wall Street Journal.

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Quote of the Day: Beth Comstock

“Leadership is about navigating tension. Tension is actually good. If everybody on the team thinks something is good, it’s probably not that good. Leadership is about understanding that things are never going to be perfectly balanced, and understanding how to use that tension to move forward.” – Beth Comstock, vice-chairwoman of General Electric, in The New York Times.

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