Latest / Omni Talk Retail / 2024's Biggest Retail Headlines: 70% Surge in Store Closures and Major Amazon Shifts

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2024's Biggest Retail Headlines: 70% Surge in Store Closures and Major Amazon Shifts · Omni Talk Retail

• 0:00
  Headline
• 0:00
  of
• 0:00
  the
• 0:01
  year.
• 0:01
  And
• 0:01
  Chad,
• 0:02
  you
• 0:02
  get
• 0:02
  to
• 0:03
  start
• 0:03
  this
• 0:03
  one.
• 0:04
  Open
• 0:04
  the
• 0:04
  envelope,
• 0:05
  please,
• 0:05
  sir.
• 0:06
  Here
• 0:06
  we
• 0:06
  go.
• 0:06
  Headline
• 0:07
  of
• 0:07
  the
• 0:08
  year.
• 0:09
  Very
• 0:09
  intrigued
• 0:10
  in
• 0:10
  what?
• 0:10
  I
• 0:10
  love
• 0:11
  the
• 0:11
  sound
• 0:11
  effects
• 0:12
  we've
• 0:12
  got
• 0:12
  going
• 0:12
  on
• 0:12
  for
• 0:12
  this
• 0:13
  show.
• 0:13
  We've
• 0:14
  got
• 0:14
  actual
• 0:14
  envelopes
• 0:15
  opening.
• 0:16
  All
• 0:16
  right,
• 0:17
  interesting.
• 0:18
  Okay,
• 0:19
  so
• 0:19
  US
• 0:20
  retail
• 0:21
  store
• 0:21
  closures
• 0:22
  up
• 0:22
  almost
• 0:23
  70%
• 0:24
  this
• 0:24
  year.
• 0:25
  Wow.
• 0:27
  Yeah,
• 0:27
  kind
• 0:27
  of
• 0:27
  like
• 0:27
  a
• 0:28
  collection
• 0:28
  of
• 0:28
  headlines
• 0:29
  versus
• 0:30
  a
• 0:30
  singular
• 0:30
  one.
• 0:30
  Yeah.
• 0:31
  This
• 0:31
  year
• 0:31
  has
• 0:31
  had
• 0:31
  an
• 0:32
  alarming
• 0:32
  number
• 0:33
  of
• 0:33
  retailers
• 0:34
  continue
• 0:34
  to
• 0:35
  Destore
• 0:35
  in
• 0:35
  the
• 0:36
  U.S.
• 0:37
  you
• 0:38
  know,
• 0:38
  according
• 0:38
  to
• 0:38
  Coresight,
• 0:39
  which
• 0:40
  was
• 0:40
  footnoted
• 0:40
  on,
• 0:41
  on
• 0:41
  this
• 0:41
  envelope.
• 0:42
  Right.
• 0:42
  There's
• 0:42
  been
• 0:42
  over
• 0:43
  3,100
• 0:45
  store
• 0:45
  closures
• 0:46
  through,
• 0:47
  through
• 0:47
  end
• 0:47
  of
• 0:47
  November.
• 0:48
  That's
• 0:48
  up,
• 0:48
  you
• 0:48
  know,
• 0:48
  almost
• 0:49
  70%
• 0:49
  versus
• 0:50
  last
• 0:50
  year.
• 0:51
  45
• 0:52
  retailers
• 0:52
  have
• 0:52
  filed
• 0:53
  for
• 0:53
  bankruptcy.
• 0:54
  There
• 0:54
  were
• 0:54
  25
• 0:55
  last
• 0:55
  year.
• 0:56
  And
• 0:56
  a
• 0:56
  lot
• 0:56
  of
• 0:56
  these
• 0:57
  companies
• 0:58
  had
• 0:58
  years
• 0:58
  of
• 0:58
  just
• 0:59
  store
• 0:59
  proliferation,
• 1:00
  only
• 1:00
  to
• 1:00
  see
• 1:00
  their
• 1:01
  value
• 1:02
  proposition
• 1:02
  threatened
• 1:03
  by
• 1:03
  a
• 1:03
  lot
• 1:03
  of
• 1:04
  channel
• 1:04
  blurring
• 1:05
  occurring
• 1:05
  in
• 1:05
  retail
• 1:06
  more
• 1:06
  broadly
• 1:07
  and
• 1:07
  are
• 1:07
  now
• 1:07
  scaling
• 1:08
  back
• 1:08
  in
• 1:08
  order
• 1:09
  to
• 1:09
  reset
• 1:10
  and
• 1:11
  really
• 1:11
  align
• 1:11
  on
• 1:11
  kind
• 1:12
  of
• 1:12
  strategically
• 1:12
  where
• 1:12
  they're
• 1:13
  going
• 1:13
  to
• 1:13
  compete.
• 1:13
  So
• 1:13
  you
• 1:13
  have
• 1:14
  discount
• 1:15
  players
• 1:16
  like
• 1:16
  Family,
• 1:16
  $99
• 1:17
  cents,
• 1:18
  Big
• 1:18
  Lots,
• 1:19
  the
• 1:19
  whole
• 1:20
  pharmacy
• 1:20
  retail
• 1:20
  space,
• 1:21
  CVS,
• 1:21
  Walgreens
• 1:22
  and
• 1:22
  Rite
• 1:22
  Aid
• 1:23
  all
• 1:23
  alone.
• 1:24
  Even
• 1:24
  the
• 1:24
  convenience
• 1:24
  store
• 1:25
  chain,
• 1:25
  you
• 1:25
  know,
• 1:25
  7
• 1:26
  11,
• 1:26
  to
• 1:26
  a
• 1:26
  lesser
• 1:26
  extent,
• 1:27
  Circle
• 1:27
  K
• 1:28
  and
• 1:28
  then,
• 1:29
  you
• 1:29
  know,
• 1:29
  some
• 1:29
  fashion
• 1:30
  brands,
• 1:30
  Route
• 1:30
  21,
• 1:31
  among
• 1:31
  others.
• 1:32
  Right.
• 1:32
  Those,
• 1:33
  those
• 1:33
  are
• 1:33
  really
• 1:33
  the
• 1:34
  areas
• 1:34
  kind
• 1:34
  of
• 1:34
  driving
• 1:35
  it.
• 1:35
  So
• 1:35
  it's
• 1:35
  a,
• 1:36
  it's
• 1:36
  a
• 1:36
  real
• 1:37
  sign
• 1:37
  of,
• 1:37
  of
• 1:37
  struggle,
• 1:38
  but,
• 1:38
  you
• 1:38
  know,
• 1:39
  indicative
• 1:39
  of
• 1:39
  this
• 1:40
  cumulative
• 1:41
  retail
• 1:41
  network
• 1:42
  which
• 1:42
  is,
• 1:42
  you
• 1:43
  know,
• 1:43
  very
• 1:43
  overstored
• 1:44
  and
• 1:44
  is
• 1:44
  going
• 1:44
  through
• 1:44
  some,
• 1:45
  you
• 1:45
  know,
• 1:45
  level
• 1:45
  of
• 1:45
  course
• 1:46
  correction.
• 1:47
  Yeah,
• 1:47
  that's
• 1:47
  a
• 1:48
  really
• 1:48
  interesting
• 1:48
  one,
• 1:48
  especially
• 1:49
  because
• 1:49
  I
• 1:49
  feel
• 1:49
  like
• 1:49
  we're
• 1:50
  also
• 1:50
  starting
• 1:50
  to
• 1:51
  hear
• 1:51
  about
• 1:51
  more,
• 1:53
  more
• 1:54
  stores
• 1:54
  rethinking
• 1:55
  or
• 1:55
  reinvesting
• 1:56
  for
• 1:56
  2025
• 1:57
  in
• 1:57
  their
• 1:58
  store
• 1:58
  experiences.
• 1:59
  So,
• 1:59
  yes,
• 1:59
  closing
• 2:00
  some
• 2:00
  down,
• 2:00
  but
• 2:00
  really
• 2:01
  getting
• 2:01
  hyper
• 2:02
  focused
• 2:02
  on
• 2:02
  what
• 2:03
  they're
• 2:03
  going
• 2:03
  to
• 2:03
  do
• 2:04
  to
• 2:04
  make
• 2:04
  the
• 2:04
  stores
• 2:05
  that
• 2:05
  still
• 2:05
  exist
• 2:06
  really
• 2:07
  worth
• 2:07
  driving
• 2:07
  traffic
• 2:08
  to.
• 2:09
  Great
• 2:10
  pick.
• 2:10
  Chad
• 2:11
  and
• 2:11
  David,
• 2:12
  let's
• 2:12
  go
• 2:12
  to
• 2:13
  you,
• 2:13
  Dave
• 2:13
  Ritter.
• 2:14
  What's
• 2:14
  your
• 2:14
  headline
• 2:15
  of
• 2:15
  the
• 2:15
  year?
• 2:16
  My
• 2:16
  headline
• 2:17
  of
• 2:17
  the
• 2:17
  year
• 2:17
  is
• 2:17
  that
• 2:18
  Walgreens
• 2:19
  is
• 2:19
  in
• 2:19
  talks
• 2:19
  to
• 2:20
  sell
• 2:20
  itself
• 2:20
  to
• 2:20
  private
• 2:21
  equity
• 2:21
  firm
• 2:22
  Sycamore.
• 2:24
  It's
• 2:24
  a
• 2:24
  good
• 2:24
  one.
• 2:25
  Why?
• 2:26
  About
• 2:26
  a
• 2:27
  decade
• 2:27
  ago,
• 2:28
  Walgreens
• 2:28
  was
• 2:28
  worth
• 2:29
  a
• 2:29
  hundred
• 2:30
  billion
• 2:30
  dollars
• 2:30
  and
• 2:31
  had
• 2:31
  12,000
• 2:32
  stores.
• 2:33
  Earlier
• 2:34
  this
• 2:34
  year,
• 2:34
  they
• 2:34
  announced
• 2:35
  that
• 2:35
  over
• 2:36
  a
• 2:36
  quarter
• 2:36
  of
• 2:36
  its
• 2:36
  stores
• 2:37
  are
• 2:37
  unprofitable.
• 2:38
  Between
• 2:39
  headwinds
• 2:39
  from
• 2:40
  PBMs
• 2:40
  and
• 2:41
  slowing
• 2:41
  retail
• 2:42
  sales,
• 2:42
  its
• 2:43
  stock
• 2:43
  has
• 2:43
  slid
• 2:44
  70%.
• 2:46
  I
• 2:46
  think
• 2:47
  if
• 2:47
  this
• 2:47
  is
• 2:47
  a
• 2:48
  follow
• 2:48
  on
• 2:48
  to
• 2:48
  Chad's
• 2:49
  point
• 2:49
  about
• 2:50
  the
• 2:50
  kind
• 2:50
  of
• 2:51
  winds
• 2:51
  of
• 2:51
  Change
• 2:51
  in
• 2:52
  certain
• 2:53
  segments
• 2:54
  of
• 2:54
  the
• 2:54
  industry.
• 2:55
  But,
• 2:56
  but
• 2:56
  for
• 2:56
  Walmart
• 2:57
  or
• 2:57
  Walgreens
• 2:58
  to,
• 2:58
  to
• 2:58
  offer
• 2:59
  themselves
• 2:59
  up
• 3:00
  for
• 3:01
  sale
• 3:01
  to
• 3:01
  a
• 3:01
  private
• 3:02
  equity
• 3:02
  firm
• 3:02
  is
• 3:03
  pretty
• 3:04
  insane.
• 3:05
  Yeah,
• 3:06
  definitely.
• 3:07
  Kind
• 3:07
  of
• 3:07
  indicative
• 3:08
  of
• 3:08
  what
• 3:08
  we
• 3:09
  were
• 3:09
  talking
• 3:09
  about
• 3:09
  earlier
• 3:10
  with
• 3:10
  store
• 3:10
  closures.
• 3:11
  Just,
• 3:11
  you
• 3:11
  know,
• 3:12
  the
• 3:12
  toughest
• 3:12
  times
• 3:13
  for
• 3:13
  those
• 3:13
  businesses
• 3:13
  are
• 3:14
  changing,
• 3:14
  especially
• 3:15
  with
• 3:15
  a
• 3:15
  lot
• 3:15
  of
• 3:15
  retailers
• 3:16
  moving
• 3:16
  into
• 3:16
  online
• 3:17
  pharmacy
• 3:17
  this
• 3:18
  year
• 3:18
  too.
• 3:19
  Stealing
• 3:20
  some
• 3:20
  of
• 3:20
  that
• 3:21
  share.
• 3:22
  That's
• 3:22
  a,
• 3:22
  that's
• 3:23
  a
• 3:23
  great
• 3:23
  one,
• 3:23
  Dave.
• 3:24
  Chris,
• 3:25
  I
• 3:25
  want
• 3:25
  to
• 3:25
  hear
• 3:26
  yours
• 3:26
  next.
• 3:26
  You
• 3:27
  want
• 3:27
  to
• 3:27
  hear
• 3:27
  mine
• 3:28
  of
• 3:28
  the
• 3:28
  year?
• 3:28
  Yeah,
• 3:29
  I
• 3:29
  don't
• 3:29
  think
• 3:29
  mine's
• 3:30
  as
• 3:30
  good
• 3:30
  as
• 3:30
  Dave's
• 3:31
  actually,
• 3:31
  so.
• 3:31
  And
• 3:31
  I've
• 3:32
  actually
• 3:32
  been
• 3:32
  wondering
• 3:32
  if
• 3:32
  we
• 3:32
  should
• 3:32
  vote
• 3:33
  at
• 3:33
  the
• 3:33
  end
• 3:33
  of,
• 3:33
  like,
• 3:33
  who
• 3:33
  had
• 3:34
  the
• 3:34
  best
• 3:34
  pick.
• 3:34
  But,
• 3:35
  but
• 3:35
  right.
• 3:36
  So
• 3:36
  right
• 3:36
  now
• 3:36
  Dave
• 3:36
  gets
• 3:37
  my
• 3:37
  vote,
• 3:37
  but
• 3:38
  I'll
• 3:38
  share
• 3:39
  mine
• 3:39
  just
• 3:39
  in
• 3:39
  case,
• 3:40
  you
• 3:40
  know,
• 3:40
  somebody
• 3:40
  else
• 3:40
  likes
• 3:41
  it.
• 3:41
  They
• 3:41
  want
• 3:41
  to,
• 3:41
  they
• 3:41
  want
• 3:41
  to
• 3:42
  pick
• 3:42
  it
• 3:42
  over
• 3:42
  days.
• 3:42
  But
• 3:43
  mine
• 3:43
  is
• 3:43
  that
• 3:43
  Amazon
• 3:44
  walked
• 3:44
  away
• 3:45
  from
• 3:45
  its
• 3:45
  just
• 3:46
  walkout
• 3:46
  technology
• 3:47
  in
• 3:47
  its
• 3:47
  grocery
• 3:48
  stores
• 3:48
  and
• 3:48
  in
• 3:49
  place
• 3:49
  of
• 3:49
  smart
• 3:49
  cards,
• 3:50
  too.
• 3:50
  I
• 3:50
  think
• 3:50
  that's
• 3:50
  an
• 3:51
  interesting
• 3:51
  angle
• 3:51
  to
• 3:51
  the
• 3:51
  story.
• 3:52
  You
• 3:53
  know,
• 3:53
  the
• 3:53
  computer
• 3:53
  vision
• 3:54
  system,
• 3:54
  it
• 3:54
  held
• 3:55
  so
• 3:55
  much
• 3:55
  promise
• 3:56
  and
• 3:56
  it
• 3:56
  still
• 3:56
  does
• 3:57
  in
• 3:57
  my
• 3:57
  opinion.
• 3:57
  But,
• 3:58
  but
• 3:58
  the
• 3:58
  walkout
• 3:59
  angle,
• 3:59
  just.
• 4:00
  Consumers
• 4:00
  don't
• 4:00
  care
• 4:01
  about
• 4:01
  it.
• 4:01
  You
• 4:01
  know,
• 4:01
  that's
• 4:01
  what
• 4:01
  we
• 4:02
  learned
• 4:02
  about
• 4:02
  it.
• 4:02
  They
• 4:02
  just,
• 4:03
  it's
• 4:03
  not
• 4:03
  that
• 4:03
  big
• 4:03
  of
• 4:03
  a
• 4:03
  differentiator
• 4:04
  to
• 4:05
  make
• 4:05
  the
• 4:05
  investment
• 4:06
  in
• 4:06
  the
• 4:06
  technology
• 4:06
  work.
• 4:07
  You
• 4:07
  have
• 4:07
  to
• 4:07
  get
• 4:07
  something
• 4:07
  else
• 4:08
  out
• 4:08
  of
• 4:08
  it,
• 4:08
  which
• 4:08
  I
• 4:08
  think
• 4:08
  we'll
• 4:09
  start
• 4:09
  to
• 4:09
  see.
• 4:09
  But
• 4:09
  we'll
• 4:09
  start
• 4:10
  to
• 4:10
  see
• 4:10
  it
• 4:10
  come
• 4:10
  through
• 4:10
  different
• 4:11
  manifestations
• 4:11
  of
• 4:12
  it,
• 4:12
  like
• 4:12
  robots
• 4:12
  in
• 4:12
  store
• 4:13
  or
• 4:13
  other
• 4:14
  applications
• 4:14
  of
• 4:14
  cameras
• 4:15
  throughout,
• 4:15
  throughout
• 4:15
  the
• 4:16
  store.
• 4:16
  It's
• 4:16
  just,
• 4:16
  but
• 4:17
  you
• 4:17
  know,
• 4:17
  it's
• 4:17
  just,
• 4:18
  it's.
• 4:18
  For
• 4:19
  Amazon,
• 4:19
  it's
• 4:19
  going
• 4:20
  to
• 4:20
  work
• 4:20
  in
• 4:20
  stadiums.
• 4:20
  Like
• 4:21
  the
• 4:21
  video
• 4:21
  you
• 4:21
  just
• 4:21
  shot
• 4:22
  out
• 4:22
  at
• 4:22
  Lumen
• 4:22
  Field
• 4:22
  and
• 4:23
  you
• 4:23
  just
• 4:23
  released
• 4:23
  this
• 4:23
  weekend.
• 4:24
  For
• 4:24
  those
• 4:24
  that
• 4:24
  haven't
• 4:24
  seen
• 4:25
  it,
• 4:25
  it's
• 4:25
  going
• 4:25
  to
• 4:25
  work
• 4:26
  in
• 4:26
  environments
• 4:26
  like
• 4:26
  that.
• 4:26
  Environments
• 4:27
  that
• 4:27
  are
• 4:27
  high
• 4:28
  throughput,
• 4:28
  hard
• 4:28
  to
• 4:29
  staff,
• 4:29
  but
• 4:29
  at
• 4:30
  the
• 4:30
  end
• 4:30
  of
• 4:30
  the
• 4:30
  day,
• 4:30
  no
• 4:31
  one
• 4:31
  cares
• 4:31
  about
• 4:31
  just
• 4:31
  walking
• 4:32
  out
• 4:32
  in
• 4:32
  a
• 4:32
  grocery
• 4:32
  store.
• 4:33
  Yeah.
• 4:33
  Chris,
• 4:34
  who
• 4:34
  are
• 4:34
  we
• 4:34
  talking
• 4:34
  to
• 4:35
  this
• 4:35
  year?
• 4:35
  I
• 4:35
  remember
• 4:36
  we
• 4:36
  did
• 4:36
  an
• 4:36
  interview
• 4:36
  with
• 4:37
  somebody
• 4:37
  and
• 4:37
  I
• 4:37
  remember
• 4:37
  you
• 4:38
  specifically
• 4:38
  calling
• 4:39
  out,
• 4:39
  like,
• 4:39
  if
• 4:39
  they
• 4:40
  change
• 4:40
  the
• 4:40
  name
• 4:40
  from
• 4:41
  Just
• 4:41
  Walk
• 4:41
  Out
• 4:42
  Technology
• 4:42
  to
• 4:42
  like,
• 4:43
  just
• 4:43
  strictly
• 4:44
  like
• 4:44
  computer
• 4:45
  vision
• 4:45
  for
• 4:45
  inventory
• 4:46
  accuracy,
• 4:47
  like
• 4:47
  that
• 4:47
  would
• 4:48
  be
• 4:48
  that,
• 4:49
  that
• 4:49
  in
• 4:49
  itself
• 4:49
  is
• 4:50
  like,
• 4:50
  that's
• 4:50
  the
• 4:50
  technology
• 4:51
  angle.
• 4:52
  It's
• 4:52
  just
• 4:52
  the
• 4:53
  wrong
• 4:53
  focus
• 4:53
  or
• 4:54
  wrong
• 4:54
  emphasis.
• 4:55
  Right.
• 4:56
  Yeah,
• 4:56
  right.
• 4:56
  I
• 4:56
  think,
• 4:56
  I
• 4:56
  think
• 4:57
  it
• 4:57
  was
• 4:57
  a
• 4:57
  fast
• 4:57
  five.
• 4:57
  Weekly
• 4:57
  Fast
• 4:58
  five.
• 4:58
  Might
• 4:58
  have
• 4:58
  been
• 4:58
  with
• 4:58
  Ben
• 4:58
  Miller
• 4:59
  or
• 4:59
  Joe
• 4:59
  Laszlo
• 5:00
  too.
• 5:00
  I
• 5:00
  don't
• 5:00
  remember.
• 5:00
  But
• 5:01
  yeah,
• 5:01
  no,
• 5:01
  that
• 5:01
  was
• 5:01
  the
• 5:01
  point.
• 5:02
  Yeah,
• 5:02
  I
• 5:02
  was
• 5:02
  like,
• 5:02
  I
• 5:02
  think
• 5:02
  they
• 5:03
  just
• 5:03
  marketed
• 5:03
  this
• 5:03
  thing
• 5:03
  the
• 5:04
  wrong
• 5:04
  way,
• 5:04
  honestly,
• 5:04
  you
• 5:05
  know,
• 5:05
  because.
• 5:06
  And
• 5:06
  then
• 5:06
  you
• 5:06
  don't,
• 5:06
  you
• 5:06
  don't
• 5:07
  also
• 5:07
  need
• 5:07
  the
• 5:07
  degree
• 5:08
  of
• 5:08
  accuracy
• 5:08
  that
• 5:08
  you
• 5:09
  need
• 5:09
  to
• 5:09
  actually
• 5:09
  make
• 5:09
  sure
• 5:09
  that
• 5:10
  the
• 5:10
  transactions
• 5:10
  are
• 5:10
  happening
• 5:11
  the
• 5:11
  right
• 5:11
  way
• 5:11
  too.
• 5:11
  So
• 5:11
  that's
• 5:12
  got
• 5:12
  to
• 5:12
  be
• 5:12
  cheaper
• 5:12
  as
• 5:12
  well
• 5:12
  if
• 5:13
  you
• 5:13
  were
• 5:13
  to
• 5:13
  pitch
• 5:13
  it
• 5:13
  that
• 5:13
  way.
• 5:13
  But
• 5:14
  I
• 5:14
  don't
• 5:14
  know.
• 5:14
  And
• 5:14
  what
• 5:14
  was
• 5:14
  yours
• 5:15
  though?
• 5:15
  Well,
• 5:16
  no
• 5:16
  one's
• 5:16
  going
• 5:16
  to
• 5:16
  be
• 5:16
  shocked
• 5:17
  if
• 5:17
  they've
• 5:18
  ever
• 5:18
  listened
• 5:18
  to
• 5:18
  our
• 5:18
  show
• 5:18
  on
• 5:19
  my
• 5:19
  retail
• 5:19
  headline
• 5:20
  of
• 5:20
  the
• 5:20
  year
• 5:20
  because
• 5:20
  it
• 5:21
  is
• 5:21
  the
• 5:21
  Google
• 5:21
  Shopping
• 5:22
  updates.
• 5:22
  I
• 5:23
  think
• 5:23
  that
• 5:23
  this
• 5:24
  is
• 5:24
  a
• 5:24
  huge
• 5:25
  thing
• 5:25
  because
• 5:26
  it's
• 5:27
  changing
• 5:27
  the
• 5:27
  way
• 5:28
  that
• 5:28
  it's,
• 5:29
  I
• 5:29
  think
• 5:29
  we
• 5:29
  saw
• 5:30
  this
• 5:30
  year
• 5:31
  the
• 5:31
  beginning
• 5:31
  of
• 5:32
  a
• 5:32
  waterfall
• 5:33
  of
• 5:33
  events
• 5:34
  that
• 5:34
  change
• 5:35
  how
• 5:35
  we
• 5:35
  start
• 5:35
  shopping
• 5:36
  and
• 5:36
  how
• 5:36
  we
• 5:36
  search
• 5:37
  for
• 5:37
  products
• 5:37
  online.
• 5:38
  And
• 5:38
  yes,
• 5:39
  you
• 5:39
  have
• 5:39
  other
• 5:39
  retailers,
• 5:40
  Walmart's
• 5:41
  doing
• 5:41
  this.
• 5:41
  You
• 5:41
  have
• 5:41
  other
• 5:42
  AI
• 5:42
  platforms
• 5:43
  like
• 5:43
  Perplexity
• 5:43
  and
• 5:43
  OpenAI
• 5:44
  that
• 5:44
  are
• 5:44
  also,
• 5:45
  you
• 5:45
  know,
• 5:45
  really
• 5:46
  enabling
• 5:47
  language
• 5:48
  based
• 5:48
  search.
• 5:48
  But
• 5:48
  I
• 5:49
  think
• 5:49
  that
• 5:49
  Google
• 5:50
  still
• 5:50
  owns
• 5:51
  so
• 5:51
  much
• 5:51
  of
• 5:51
  search.
• 5:52
  They're
• 5:52
  still
• 5:52
  the
• 5:52
  first
• 5:52
  place
• 5:53
  that
• 5:53
  we
• 5:53
  go
• 5:53
  as
• 5:53
  consumers
• 5:54
  when
• 5:54
  we're
• 5:54
  looking
• 5:55
  to
• 5:55
  find
• 5:55
  something.
• 5:56
  And
• 5:56
  then
• 5:57
  now
• 5:57
  you
• 5:57
  add
• 5:57
  in
• 5:58
  Google
• 5:58
  Lens
• 5:58
  as
• 5:58
  a
• 5:59
  secondary
• 5:59
  option
• 6:00
  using
• 6:00
  the
• 6:00
  visual
• 6:01
  search
• 6:01
  and
• 6:01
  large
• 6:02
  language
• 6:03
  based
• 6:03
  search.
• 6:03
  I
• 6:03
  think
• 6:04
  this
• 6:04
  is
• 6:04
  a
• 6:04
  huge,
• 6:05
  huge
• 6:06
  component
• 6:06
  to
• 6:07
  how
• 6:07
  we're
• 6:07
  going
• 6:08
  to
• 6:08
  be
• 6:08
  shopping
• 6:08
  in
• 6:09
  2025
• 6:09
  and
• 6:09
  beyond.
• 6:10
  Plus
• 6:10
  you
• 6:11
  also
• 6:11
  add
• 6:11
  in
• 6:11
  some
• 6:11
  of
• 6:11
  the
• 6:11
  other
• 6:12
  things
• 6:12
  that
• 6:12
  they,
• 6:12
  they've
• 6:13
  added
• 6:13
  like
• 6:14
  tracking
• 6:15
  information
• 6:15
  at
• 6:16
  the
• 6:16
  top
• 6:16
  of
• 6:16
  your
• 6:16
  Google
• 6:17
  or
• 6:17
  your
• 6:17
  Gmail
• 6:18
  inbox
• 6:18
  to
• 6:19
  know
• 6:19
  exactly
• 6:19
  when
• 6:19
  products
• 6:20
  are
• 6:20
  coming
• 6:20
  and
• 6:21
  real
• 6:21
  time
• 6:21
  pricing,
• 6:22
  display
• 6:22
  and
• 6:23
  availability
• 6:24
  on
• 6:24
  that
• 6:24
  first
• 6:25
  search
• 6:25
  page
• 6:25
  when
• 6:26
  you're
• 6:26
  searching
• 6:26
  for
• 6:26
  something.
• 6:27
  I
• 6:27
  just,
• 6:27
  I
• 6:27
  think
• 6:28
  we
• 6:28
  have
• 6:28
  to
• 6:28
  give
• 6:29
  huge
• 6:29
  kudos
• 6:29
  to
• 6:29
  Google
• 6:30
  this
• 6:30
  year
• 6:30
  for
• 6:30
  what
• 6:31
  the,
• 6:31
  these
• 6:31
  strides
• 6:32
  that
• 6:32
  they've
• 6:32
  made
• 6:32
  in
• 6:33
  shopping.
• 6:34
  All
• 6:35
  right,
• 6:35
  so,
• 6:35
  so
• 6:36
  I
• 6:36
  think
• 6:36
  so.
• 6:36
  I
• 6:36
  don't,
• 6:36
  I.
• 6:37
  So
• 6:37
  that's
• 6:37
  a
• 6:38
  pretty
• 6:38
  good
• 6:38
  one
• 6:38
  too.
• 6:38
  I
• 6:38
  think
• 6:38
  it's
• 6:39
  between
• 6:39
  David
• 6:39
  and
• 6:40
  Chad.
• 6:40
  You
• 6:40
  get
• 6:40
  the
• 6:40
  tiebreaker
• 6:41
  here.
• 6:41
  Who
• 6:41
  wins
• 6:41
  retail
• 6:42
  headline
• 6:42
  of
• 6:42
  the
• 6:42
  year?
• 6:43
  Ann
• 6:43
  always
• 6:43
  wins.
• 6:44
  Ann
• 6:44
  always
• 6:45
  wins.
• 6:45
  Yeah.
• 6:46
  The
• 6:46
  thing
• 6:46
  I
• 6:46
  love
• 6:46
  about
• 6:46
  my
• 6:46
  partner,
• 6:47
  she's,
• 6:47
  she's
• 6:47
  out
• 6:48
  nothing
• 6:48
  if
• 6:48
  not
• 6:48
  died
• 6:49
  in
• 6:49
  the
• 6:49
  wool
• 6:49
  consistent
• 6:50
  with
• 6:50
  her,
• 6:50
  with
• 6:51
  what
• 6:51
  she
• 6:51
  loves
• 6:51
  and
• 6:51
  talks
• 6:52
  about.
• 6:52
  So.