Product Innovation

“New is your novel idea that will probably be the reason why people will try this product, and it will probably also fail.”

“People think a lot about innovation on product. Like, how do I innovate the product? And I think now we're getting to the point where people are saying, OK, products are basically commoditized. Now people are thinking, how do I innovate on marketing? Great. Bu…”

“I think not only 20, 24, but the past three years were like the lowest amount of innovation in the store. Because you couldn't really launch new products in stores and consumers were not really buying a lot of new things.”

“The greatest innovations are when you find a new technology and you change not just the product and how you use it, but you change the business model. Those are always the most disruptive changes.”