Dubai urges retail industry need for more women in the boardroom
Dubai, UAE, 21 January 2019: When women dominate the sales process and outnumber men in the workforce, their absence from many boardrooms remains a major issue for the retail industry. Getting the gender balance right is a topic of great importance for retail brands facing new challenges to grab the attention, and retain the loyalty, of todays tech-savvy generation of shoppers.
A recent Women In Retail report states that 60% of retail industry employees are female, while women make or influence 85% of purchases, says Gary Thatcher, CEO and Co-Founder of The Retail Summit, the important new industry event launching in Dubai next month.
Yet only 10% of executive board members are female. This begs the question: can most retailers honestly expect to thrive when their leadership lacks a truly intuitive understanding of its core customer?
Its a question guaranteed to produce lively debate when The Retail Summit brings together more than 60 industry experts and 600 international retailers at Atlantis, The Palm from 13-14 February. In one of the key panel discussions on Gender Diversity In Retail: Breaking The Glass Ceiling, Alia Khan, Chairwoman, Islamic Fashion & Design Council, shares the stage with Julie Hamilton, Coca Colas SVP, Chief Customer & Commercial Leadership Officer and Suzie Wokabie, Founder, Suziebeauty.
One of our main objectives in launching this event is to create a diverse community for the retail sector that supports conversations to foster gender diversity, promote flexible working practices and nurture female talent, says Thatcher.
Held in partnership with the Dubai Chamber of Commerce & Industry and Meydan One, The Retail Summit will further highlight that theme with an evening reception bringing together industry leaders focused on championing women in retail. In a further show of force for women in retail, beauty powerhouse Huda Kattan and sister Mona, the brains behind the hugely successful Huda Beauty brand, come under the spotlight in another panel session themed Social Media: Make Impact, Not Noise.
They join forces with Massimo Piombini, CEO of French fashion house Balmain to reveal how to create internet buzz and delight customers.
This promises to shed light on some fascinating insights into the methods used by leading brands to capitalise on the power of social media, said Thatcher. Todays consumer is more discerning than ever. If they are not engaged and entertained, you have no connection, you will lose their attention and their business.
The Retail Summit was launched in response to digital disruption and the changes in consumer expectations that are transforming retail. Headline speakers include Virgin Group Founder Sir Richard Branson and H.E. Hamad Buamim, President & CEO, Dubai Chamber of Commerce & Industry. Other industry heavyweights addressing the summit will be Julia Goldin, Chief Marketing Officer at the LEGO Group. Goldin is responsible for inspiring the creation of LEGO play experiences which excite and educate children around the world through content, communication and digital channels.
She has led her team to launch the brands award winning safe social media platform for kids called LEGO LIFE; two highly successful movies - LEGO Batman Movie and LEGO Ninjago Movie; and new products which integrate innovative digital technology to enhance play experiences for kids.
The Retail Summit is supported by event partners Dubai Chamber of Commerce & Industry and Meydan One; Innovation partner: Accenture; Silver partners: Black Jack, CBRE, KPMG, Openbravo, SAP, Umdasch and Xpandretail; Strategic partners: BJSS, Cegid, Lava Moments and Nook.
