The issue (discussed below and on a recent RetailWire post) is why retailers struggle to hire college grads. This conversation has been going on as long as I can remember (almost 40 years in the industry), and it’s hard to lay all of the blame on industry consolidation. Here’s my point of view:
Consolidation isn’t unique to the retail industry. It’s the same challenge faced by the airline industry, the financial services industry and many other examples over the past 25 years. To some degree, retailing faces the same recruiting challenge that it always has: For B-school grads (BA or MBA), are there better-paying industries with bigger growth potential, especially now in the tech sector? Until this chronic issue is addressed, the revolving door of familiar CEO faces will look a lot like the “usual suspects” coaching NBA teams.