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Money Maze Podcast

144: Retail in the 21st Century: Seb James, CEO of Boots, Discusses Health, Technology, Data and the Customer

Jun 20, 2024
Seb James, CEO of Boots, discusses the future of retail, the role of pharmacies in health systems, customer data personalization, and competition with US tech giants. He also explores Boots' history, strategic moves, challenges in healthcare delivery post-COVID, and the use of technology like AI in the retail sector.
44:30

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Boots utilizes data to tailor customer preferences, enhancing personalized retail experiences.
  • Retailers need to adapt to changing consumer behaviors by focusing on individual preferences over broad segments.

Deep dives

Adapting to Changing Consumer Behavior in Retail

Retail companies like Boots need to adjust to changing consumer behaviors, with products now being discovered through social media. Loyalty to brands and stores has shifted, requiring a flexible approach to meet evolving customer preferences and recommendations.

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