Forbes Names 30 Under 30 Millennials who Stand Out in Retail & E-Commerce in 2016
Thirty young entrepreneurs have recently been chosen by Forbes Magazine to be part of their "30 Under 30" in the retail and e-commerce category. This year, 30 millennials from the long-list of nominees were honored for their contributions in venture funding by establishing state-of-the-art e-commerce platforms and Main Street brick-and-mortar stores.
Aside from launching e-commerce platforms, these young individuals are also responsible for transforming media sites into customer bases. They also created low-priced, custom-made and luxury products and made a retail supply chain more transparent, Forbes noted.
These young entrepreneurs and creative leaders were chosen by a panel of judges including fashion designer and self-made billionaire Tory Burch, actress and The Honest Co. co-founder Jessica Alba, Gilt Group and Glamsquad co-founder Alexandra Wilkis Wilson and our first ever Under 30 alumna judge, women's workwear designer Carrie Hammer, who made the inaugural retail list in 2015 for featuring "role models, not runway models" in her shows during the Fashion Week.
Among this year's standouts is 27-year-old Tyler Haney. She is a former track athlete who became obsessed with functional athletic fabrics while studying at Parsons School of Design in New York. She launched her workout clothing line called Outdoor Voices and has secured $8.1 million in venture since the launch. She also got free publicity from Lena Dunham and Leandra Medine.
Megan Grassell is also a highly-notable young entrepreneur and the youngest member included on the list. This 20-year-old businesswoman created Yellowberry, a lingerie company that offers a comfortable line of bras and underwear for young girls. The company's anti-Victoria's Secret aesthetic has also landed her a collaboration with American Eagle's Aerie. While 27-year-old Georgia Tech engineering grad Candace Mitchell has innovated the multibillion-dollar African-American sector through her company, Techturized Inc.
Christine Souffrant, on the other hand, created a mobile network called Vendedy to digitize the street market economy. The 26-year-old Haiti-born was also the recipient of Gates Foundation's prestigious Millennium Scholarship. While 28-year-old twin brothers Adam and Ryan Goldston created their APL brand of high-end fashionable sneakers by using patented performance technology. Their shoes and athletic apparel and accessories are sold everywhere, increasing their revenues to 3,500 percent annually.
Despite the fact that the majority of this year's list are women, there are also several talented young men who are making waves in retail and e-commerce. And in addition to Goldston twins is Satish Kanwar. The 29-year-old Toronto native and Shopify director has been influential in introducing e-commerce software outfit to the company's biggest partnerships, which include Facebook and Pinterest's "Buy" buttons. According to Betakit, Shopify takes pride in being one of the most successful IPO in 2015. And today, it has a market cap of over $2.5 billion.
For the complete list, click here.