Has Social Media Killed the Mall? Part 1
Social media may be changing the dynamics of the mall, but a shrewd data cruncher knows it can also be your best resource for increasing both in-store traffic and sales. By leveraging tools that mine data, like that produced by social media, you can better figure out what your customer wants. In part two of this series, I'll talk about the power of technology and social media once prospects are actually in-store — e.g., how can you leverage the smartphone in their hand to make sure they're more than just a window shopper?
Greg Petro is the founder and CEO of First Insight, a provider of real-time predictive information on products that have no sales history.
Greg Petro is founder and CEO of First Insight, a technology company transforming how leading retailers make product investment and pricing decisions.
Greg has a 25-year history in the retail industry with a career spanning merchandising, sales and management. But while at one of the world’s leading supply chain technology firms, he saw a need for retailers and brands to re-engage with consumers to determine which products would be top sellers well before costly investments are made to bring them to market. In 2007, Greg Petro founded First Insight Inc., a technology company that delivers what is now the world’s leading predictive analytics platform for consumer-testing new products. Through engaging consumers online and mining social data, the First Insight platform empowers retailers and brands to introduce the right products at the right price, and target them to the right customers. Today, he serves as its Chief Executive Officer and President. Greg is a member of the Board of Advisors of the Fashion Institute of Technology, as well as a frequent speaker at the graduate business schools of Columbia University and the University of Pittsburgh. Greg also speaks and at a number of industry conferences, where he educates his listeners on how retailers can use technology to identify and deliver what their customers really want. Mr. Petro holds both MBA and Bachelor’s Degrees from the University of Pittsburgh.