PROFILE

Verlin Youd

SVP Global Sales, Theatro
Verlin is a global retail technology solution executive with 20 years of successful retail industry and software experience. He is currently SVP Global Sales for Theatro, an innovative start-up dedicated to driving efficient and effective communication across the entire workforce, especially hourly workers.

Verlin has held senior executive positions at a number of innovative solution providers, including Verizon, SCOPIX, SAP, Motorola, IBM, and Systech Retail Solutions. As Managing Principal at Verizon Verlin was responsible for delivering value to the largest retail clients. At SCOPIX Verlin was SVP Sales, Marketing & Delivery and drove high ROI value using video analytics and business intelligence. A Retail, Wholesale & Transportation at SAP, Verlin was responsible for the global retail, wholesale, and transportation solutions portfolio and business. Prior to SAP, Mr. Youd was the VP/GM of Global Industry Solutions for Motorola where he led strategies and initiatives across all target industries including Retail, Wholesale, and Transportation, as well as Manufacturing, Energy and Utilities, Healthcare and Field Mobility. Verlin held the same position at Symbol Technologies prior to Motorola’s acquisition in 2007. He also spent time at IBM and Systech Retail Systems (now part of Oracle & Omnicorp), where he held a variety of executive and management roles in roles in sales, marketing, solutions, channels, product management, and development.

Verlin holds a BS in Finance from Brigham Young University, and an MBA from The University of North Carolina at Chapel Hill. He resides with his family in North Carolina where he is active in local community groups, activities and charitable organizations, including the Retail Orphan Initiative (RetailROI) where is enjoys focusing on initiatives in Haiti, his second home.

All opinions expressed by Verlin are his own, and not those of his current employer.
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  • Posted on: 11/02/2017

    Gillette’s odd promo delivers some very weird results

    Interesting approach and issues. It seems like the perfect excuse to include something in the package that basically says "Sorry if we got your birthday wrong, but enjoy the free razor on us as we are confident it will be a great experience for you too!"
  • Posted on: 11/02/2017

    ‘Tis the season to hype those Christmas deals

    Everyone has come to expect that Christmas (or holiday season) push to start as soon as Halloween is over, meaning November 1. That said, its not just about promotions that start on November 1, but intentional marketing, communications and expectation setting for either immediate promotions and/or promotions to come later. Building demand through relevant messaging of value and excitement for promotions to come soon is just as important as promotions that start today. It is critical in addressing competitors starting promotions early but who could also be risking early season profits and late season sales.
  • Posted on: 06/19/2017

    Why are so many associates being deprived of tech by their employers?

    Thanks for sharing some really interesting studies and an excellent discussion question. First, let me apologize in advance for for the length of my response, but this is a personal passion and I welcome any and all comments to my response below.Several issues have been identified by others, including cost, training, ROI models and the like. I agree, and would also add several other factors that combined have created a significant barrier to deployment, a barrier that is being breached right now:1. Mobile devices to this point have required the associate to use their hands, taking away much of their ability to to help a client consider and compare merchandise. You need your hands to help customers find, try on, and purchase merchandise therefore associates must be able to use the technology without occupying their hands.2. Mobile devices to this point have all had a screen, requiring the associate to occupy their eyes, causing them to miss opportunities to engage shoppers and some intimidation factor for shoppers who don't want to disturb an associate who seems to be occupied already. Voice recognition technology has finally advanced to become a real option to replace screen heavy applications.3. Mobile devices have been cumbersome to carry due to weight and size. Even cell phones worn on the belt can get in the way, not to speak of challenges for women and men wearing nicer clothing required in some retail environments. If you remove the screen, and drive innovation in power efficiency, devices can be much smaller, lighter, and truly wearable.4. Mobile devices have created a risk of loss as often they have a market value outside of the retail environment, with the like of phones, tablets, even more enterprise class devices that have a secondary market value. This can be addressed with a solution that is very industry specific in function and form as well as able to be completely disabled when it has left the retail environment.5. In most cases, the deployment of mobile devices has required a significant up front capital expense or at best a multi-year lease obligation. Given the multiplier factor identified by others, this becomes a heavy and risky proposition. Packaged SaaS solutions that include hardware, software, and services can assist in addressing this issue, letting retailers use them when they have value and just turn them off when they don't.6. Despite advances and investments in WiFi, there are some challenges in both coverage and the applications' ability to handle moving between access points (APs) in a dynamic retail environment. Innovation continues in this area and recent developments offer much better capabilities and performance.There are solutions that are starting to address the issues listed above. Solutions that are hands-free, screenless, voice driven, smaller/lighter and far more wearable, have drastically reduced external market value. Hardware, software and services all packaged in a pay as you go SaaS model and designed to perform in a distributed WiFi environments are in market now. For one example, see www.theatro.com, a technology being piloted and deployed by a number of well known retailers who understand the issues of the past and see the benefits moving forward.I believe mobile devices are at another tipping point, and fueled by additional investment in both consumer and enterprise wearables, there will be a dramatic increase in use as retail winners capitalize on innovation and market trends to drive business results long imagined.(Again, sorry for response length.)
  • Posted on: 06/19/2017

    Will the Bonobos acquisition give Walmart a fashion edge?

    Peter, maybe you've nailed it on the head. They may be buying to get additional digital competency, business model innovation, and incremental customers.
  • Posted on: 06/19/2017

    Will the Bonobos acquisition give Walmart a fashion edge?

    Makes total sense to me. Walmart has to continue to be relevant to the current as well as target markets and this kind of acquisition seems to meet the qualities of a good acquisition; strong management, strong brand, strong operating model, complimentary competencies, complimentary customers along with a bit of overlap, and likely earnings positive. If Walmart is going to remain competitive, let alone relevant in the future, they must be making moves like this. Interested to see their next moves too.
  • Posted on: 06/01/2017

    Should Amazon buy Macy’s?

    To be honest -- having thought about this all day I have had moments where I think it is brilliance and other moments where I think it would be sheer folly. It could be either based strategy and assumptions of business/execution model. Consider what it would look like if each Macy's store became both a showroom and hyper-local distribution center for on-line purchases. It does sound beyond crazy, but some of the best innovations have looked that way at the outset.
  • Posted on: 01/06/2017

    What will the sale of Craftsman mean for Sears and Stanley Black & Decker?

    Great move on the part of Stanley Black & Decker and it will be interesting to see how they position the brand and if they keep the lifetime warranty that has kept the Craftsman brand where it remains even with the years of challenges at Sears/Kmart. As for what it means for Sears/Kmart, it's really just the latest step in a long, slow decline of the retail side and the ongoing investment strategy of Mr. Lampert. Sad to see a brand like Sears and Kmart die a long slow death, but the world changes and Mr. Lampert seems to have a strategy to maximize value.
  • Posted on: 01/06/2017

    What would an American Apparel acquisition do for Amazon or Forever 21?

    I am agreeing with Paula -- it's a good buy for Amazon with an established brand that still retains equity value with teens and young adults. It would be interesting to see how Amazon treats the 200-plus brick-and-mortar stores in their bid ... maybe they would become mini local distribution centers?
  • Posted on: 08/30/2016

    J.Crew to sell inside Nordstrom

    Disclosure: I am sure that my views are biased based on number of purchases that have been made by Youd family members at both J.Crew and Madewell stores over the last 10 years.Sure, J.Crew is struggling right now, however the history of specialty clothing retailers in general would have predicted the current state as part of the pattern of success and struggle that seems to be the "sine wave" that besets players in this industry. There are plenty of examples of those who have succeeded, struggled, succeed, and struggled again.That said, J.Crew's sister company, Madewell, has been in Nordstrom stores for a while, along with Top Shop and several other specialty retail brands that have their own stores. Certainly the experience with Madewell has informed both J.Crew and Nordstrom in deciding to work as partners.Partnership is a critical part of the business strategy that is required for success, in retail and many other industries today. Kudos for J.Crew and Nordstrom for trying ... and here's to hoping that they succeed, or almost as good — that they fail fast.
  • Posted on: 08/29/2016

    ConAgra, Unilever mull delivering meals to the home

    Could be just me, but in any other industry/market these innovators would be natural acquisition targets by larger, well established brands looking to capitalize on the innovation and drive their own business growth, i.e. technology, pharma, transportation, etc. Based on plenty of examples, success would be based on not destroying the value of the innovator while leveraging the economies/scale of the acquirer! Makes for a good business strategy for big brands working to stay relevant.
  • Posted on: 08/18/2016

    Have consumers accepted dynamic pricing?

    It is never wise to make a customer feel captive or regret the purchase from the outset. Dynamic pricing often poses this risk.The only place where dynamic pricing works, using the word "works" loosely, is where consumers feel like they have very few alternatives or that the alternatives aren't any better; think buying airline tickets. Even then, consumers make the purchase begrudgingly and are willing to spend substantial time trying to find other alternatives that offer better value, i.e. benefits of buying a Southwest ticket with no baggage fee, no change fee, no refund fee, etc.Dynamic pricing may be a short-term benefit to the seller but has a high probability of damaging customer loyalty for the future -- probably a bad idea.
  • Posted on: 07/26/2016

    White lies, sales fibs and the customer experience

    Honesty has always been and always will be the best policy, especially in the brave new world, or really the back to the future world, of retail. It's all about relationships, the experience, and the value — over the long term and not just one single transaction. As mom said, it takes a lot less energy, or corporate resources in this case, to tell the truth rather than lie, whether a white lie or not.
  • Posted on: 07/26/2016

    Why has retail’s transition to data-driven enterprises been so arduous?

    Some great observations already, so I'll try to add constructively to the discussion. Risking over simplification, I believe it comes down to the old adage that any successful business solution, including analytics, needs the right combination of people, process, and technology — quite often in that order.People - Retailers need the right executive vision and alignment throughout the organization to truly leverage analytics to compete. Retailers need to break down the oft mentioned organizational silos and fiefdoms required to use a common view of the truth, including the analytics. Retailers need to invest in the skills, both hiring and internal development, and have the patience to see value come to fruition - not expecting miracles after 90 days.Process - Retailers have struggled for years to solve the challenge of master data. Analytics are just as difficult if not more so. Retailers need to define a process to gather data, apply analytics appropriately, acquire both data and analytics where they don't have the ability to generate it themselves. Retailers need to recognize that they may not have all of the capabilities needed internally, and work with trusted partners to secure the data, analytics, and processes required to use effectively.Finally, Technology - Retailers need to get off the perpetual technology evaluation merry-go-round, choose a technology to apply and either succeed or fail fast at a targeted analytics initiative. Try a few quick, targeted, applications of analytics — keeping scope and scale small — and show success. Small successes both embolden teams and help justify the budget needed to move forward in a larger and more meaningful way.In the end, those who master the use of analytics will be the retail survivors. It's proven true in other industries and will be true in retail as well. I'm excited to see those who get it done.
  • Posted on: 07/15/2016

    Amazon declares victory – Prime Day II concludes

    It seems the success of Amazon Prime Day went well beyond Amazon themselves. Of course, by the numbers it was a success for Amazon. Additionally, some other retailers had great success as they responded and took advantage of shoppers energized by the hype. A retailer I work with, that will remain unnamed, ended up with one of the highest sales weeks of the year — as they had prepared promotions to target shoppers already looking for deals due to Amazon marketing and hype and took it to the bank. Well done!
  • Posted on: 07/15/2016

    What is Starbucks baking up with its latest investment?

    As one who enjoys the non-coffee offerings at Starbucks, I am hoping for a winner too.

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