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Lululemon's AI Leadership Gamble | Fast Five Shorts · Omni Talk Retail

• 0:00
  Lululemon
• 0:00
  names
• 0:01
  its
• 0:01
  first
• 0:01
  C
• 0:02
  level
• 0:02
  AI
• 0:03
  officer
• 0:04
  according
• 0:04
  to
• 0:04
  Retail
• 0:05
  Touchpoints.
• 0:05
  Lululemon
• 0:06
  has
• 0:06
  tapped
• 0:07
  AI
• 0:07
  and
• 0:07
  retail
• 0:08
  veteran
• 0:08
  Ranju
• 0:09
  Das
• 0:10
  for
• 0:10
  a
• 0:10
  newly
• 0:10
  created
• 0:11
  position
• 0:11
  of
• 0:12
  Chief
• 0:12
  AI
• 0:13
  and
• 0:13
  Technology
• 0:13
  Officer
• 0:14
  effective
• 0:14
  September
• 0:15
  2,
• 0:16
  2025.
• 0:16
  So
• 0:17
  effective
• 0:17
  yesterday,
• 0:18
  Lululemon's
• 0:19
  current
• 0:19
  CIO,
• 0:19
  Julie
• 0:20
  Averill,
• 0:20
  will
• 0:21
  leave
• 0:21
  the
• 0:21
  company
• 0:21
  next
• 0:22
  month
• 0:22
  to
• 0:22
  pursue
• 0:22
  other
• 0:23
  to
• 0:23
  pursue
• 0:24
  other
• 0:24
  opportunities
• 0:25
  as
• 0:25
  part
• 0:26
  of
• 0:26
  a
• 0:26
  planned
• 0:26
  leadership
• 0:27
  transfer
• 0:27
  position.
• 0:28
  Das,
• 0:29
  who
• 0:29
  will
• 0:29
  report
• 0:30
  to
• 0:30
  CEO
• 0:30
  Calvin
• 0:31
  McDonald,
• 0:31
  has
• 0:31
  over
• 0:32
  two
• 0:32
  decades
• 0:32
  of
• 0:32
  leadership
• 0:33
  experience,
• 0:33
  including
• 0:34
  driving
• 0:34
  AI
• 0:34
  first
• 0:35
  innovation
• 0:35
  in
• 0:35
  healthcare,
• 0:36
  financial
• 0:37
  and
• 0:37
  consumer
• 0:38
  technology.
• 0:38
  He
• 0:39
  was
• 0:39
  CEO
• 0:39
  and
• 0:39
  founder
• 0:40
  of
• 0:40
  Swan
• 0:40
  AI
• 0:41
  Studios
• 0:42
  and
• 0:42
  served
• 0:43
  as
• 0:43
  CEO
• 0:43
  of
• 0:43
  Optum
• 0:44
  Labs,
• 0:44
  the
• 0:45
  R&D
• 0:45
  arm
• 0:46
  of
• 0:46
  UnitedHealth
• 0:46
  Group.
• 0:47
  I
• 0:47
  can't
• 0:47
  stop
• 0:47
  thinking
• 0:47
  about
• 0:48
  Billy
• 0:48
  Madison.
• 0:48
  Stop
• 0:48
  staring
• 0:49
  at
• 0:49
  me,
• 0:49
  Swan.
• 0:50
  Prior
• 0:50
  to
• 0:50
  the
• 0:50
  position,
• 0:51
  he
• 0:51
  spent
• 0:51
  nearly
• 0:52
  eight
• 0:52
  years
• 0:52
  at
• 0:52
  Amazon,
• 0:53
  ultimately
• 0:53
  serving
• 0:54
  as
• 0:54
  GM
• 0:54
  for
• 0:54
  Amazon
• 0:55
  AI
• 0:55
  Services.
• 0:57
  And
• 0:57
  he
• 0:57
  also
• 0:57
  has
• 0:57
  held
• 0:57
  engineering
• 0:58
  and
• 0:58
  leadership
• 0:59
  roles
• 0:59
  at
• 0:59
  Barnes
• 1:00
  and
• 1:00
  Noble.
• 1:01
  And
• 1:01
  this
• 1:02
  is
• 1:02
  also
• 1:02
  our
• 1:02
  A
• 1:02
  and
• 1:03
  M.
• 1:03
  Put
• 1:03
  you
• 1:03
  on
• 1:03
  the
• 1:04
  spot.
• 1:04
  Question
• 1:05
  of
• 1:05
  the
• 1:05
  week.
• 1:06
  Are
• 1:06
  you
• 1:06
  ready?
• 1:07
  Yes.
• 1:08
  Let's
• 1:08
  do
• 1:08
  it.
• 1:09
  All
• 1:09
  right,
• 1:10
  here
• 1:10
  it
• 1:10
  is.
• 1:10
  At
• 1:10
  Amazon
• 1:11
  and
• 1:11
  Swan
• 1:12
  Labs,
• 1:13
  and
• 1:13
  perhaps
• 1:13
  even
• 1:13
  at
• 1:14
  Optum,
• 1:14
  Ranju
• 1:15
  was
• 1:15
  dealing
• 1:16
  with
• 1:16
  an
• 1:16
  organization
• 1:17
  where
• 1:17
  tech
• 1:17
  or
• 1:17
  data
• 1:18
  were
• 1:18
  at
• 1:18
  the
• 1:18
  center
• 1:19
  of
• 1:19
  the
• 1:19
  value
• 1:20
  that
• 1:20
  was
• 1:20
  delivered.
• 1:21
  This
• 1:21
  is
• 1:22
  a
• 1:22
  mindset
• 1:22
  that,
• 1:23
  that
• 1:23
  from.
• 1:23
  This
• 1:24
  is
• 1:24
  a
• 1:24
  mindset
• 1:24
  shift
• 1:25
  from
• 1:25
  virtual
• 1:26
  to
• 1:26
  a
• 1:26
  physical
• 1:27
  supply
• 1:27
  chain.
• 1:28
  How
• 1:28
  will
• 1:28
  he
• 1:29
  translate
• 1:29
  that
• 1:30
  experience?
• 1:30
  And
• 1:30
  how
• 1:30
  will
• 1:31
  AI
• 1:31
  bring
• 1:31
  value
• 1:32
  to
• 1:32
  the
• 1:32
  physical
• 1:32
  world
• 1:33
  at
• 1:33
  Lululemon?
• 1:36
  Well,
• 1:37
  A
• 1:37
  and
• 1:37
  M,
• 1:38
  better
• 1:38
  you
• 1:38
  than
• 1:38
  me.
• 1:40
  I,
• 1:40
  I
• 1:41
  think
• 1:41
  A
• 1:41
  and
• 1:41
  M
• 1:41
  is
• 1:41
  right.
• 1:41
  I
• 1:42
  mean,
• 1:42
  these
• 1:42
  are
• 1:42
  very
• 1:42
  different
• 1:43
  applications.
• 1:45
  But
• 1:45
  I
• 1:45
  actually
• 1:46
  love
• 1:46
  Ranju's
• 1:47
  pedigree
• 1:48
  as
• 1:48
  seems
• 1:48
  CTO
• 1:49
  for
• 1:49
  Lululemon,
• 1:50
  because
• 1:50
  I
• 1:50
  think
• 1:51
  that
• 1:51
  it
• 1:51
  allows
• 1:51
  Lululemon
• 1:52
  to
• 1:52
  start
• 1:53
  thinking
• 1:53
  like
• 1:53
  a
• 1:53
  tech
• 1:54
  company
• 1:54
  instead
• 1:55
  of
• 1:55
  just
• 1:56
  an
• 1:56
  apparel
• 1:57
  company.
• 1:58
  I
• 1:58
  like.
• 1:59
  There's
• 1:59
  another
• 2:00
  competitor
• 2:00
  in
• 2:00
  the
• 2:00
  space,
• 2:00
  Fabletics,
• 2:01
  who
• 2:01
  actually
• 2:02
  considers
• 2:03
  themselves
• 2:03
  a
• 2:03
  tech
• 2:04
  company
• 2:04
  first.
• 2:05
  They
• 2:05
  built
• 2:05
  their
• 2:06
  own,
• 2:06
  you
• 2:06
  know,
• 2:06
  supply
• 2:07
  chain.
• 2:07
  They
• 2:07
  built
• 2:08
  their
• 2:08
  own
• 2:08
  engine,
• 2:08
  their
• 2:09
  own
• 2:09
  customer
• 2:10
  inspiration
• 2:11
  engine.
• 2:12
  They
• 2:12
  built
• 2:12
  their
• 2:12
  own
• 2:12
  point
• 2:13
  of
• 2:13
  sale
• 2:13
  systems.
• 2:13
  Like
• 2:14
  they've
• 2:14
  always
• 2:14
  been
• 2:15
  a
• 2:15
  tech
• 2:15
  company
• 2:15
  first.
• 2:15
  And
• 2:16
  I
• 2:16
  wonder
• 2:16
  what,
• 2:17
  what
• 2:17
  Ron,
• 2:17
  you
• 2:17
  can
• 2:17
  bring
• 2:18
  to
• 2:18
  Lululemon
• 2:18
  to
• 2:19
  help
• 2:19
  them
• 2:19
  think
• 2:19
  differently,
• 2:20
  to
• 2:20
  get
• 2:21
  a
• 2:21
  better
• 2:21
  grip
• 2:21
  on
• 2:21
  supply
• 2:22
  chain,
• 2:22
  to
• 2:22
  get
• 2:22
  a
• 2:23
  better
• 2:23
  grip
• 2:23
  on
• 2:23
  what
• 2:23
  to
• 2:23
  manufacture,
• 2:25
  you
• 2:25
  know,
• 2:25
  what
• 2:25
  stores
• 2:26
  to
• 2:26
  drop
• 2:26
  product
• 2:26
  in.
• 2:27
  Like,
• 2:27
  this
• 2:27
  is
• 2:27
  an
• 2:27
  area
• 2:28
  that
• 2:28
  Lululemon
• 2:29
  has
• 2:29
  not
• 2:29
  been
• 2:29
  successful
• 2:30
  in
• 2:30
  yet.
• 2:31
  But
• 2:31
  I
• 2:31
  think
• 2:32
  maybe
• 2:32
  Ronju,
• 2:32
  with
• 2:33
  his
• 2:33
  diverse
• 2:33
  kind
• 2:33
  of
• 2:34
  AI
• 2:34
  background,
• 2:35
  will
• 2:35
  help
• 2:36
  each
• 2:36
  department
• 2:36
  within
• 2:37
  Lululemon
• 2:38
  understand
• 2:39
  where
• 2:39
  AI
• 2:39
  can
• 2:40
  support
• 2:40
  the
• 2:40
  most
• 2:41
  and
• 2:41
  how
• 2:42
  to
• 2:42
  really
• 2:42
  be
• 2:42
  thinking
• 2:44
  of
• 2:44
  the
• 2:44
  product
• 2:44
  of
• 2:45
  Lululemon,
• 2:46
  not
• 2:46
  just
• 2:46
  the
• 2:46
  products
• 2:46
  that
• 2:47
  they're
• 2:47
  selling.
• 2:47
  In
• 2:48
  their
• 2:48
  store.
• 2:49
  The
• 2:49
  biggest.
• 2:49
  Watch
• 2:50
  out
• 2:50
  for
• 2:50
  me,
• 2:50
  though,
• 2:51
  I
• 2:51
  will
• 2:51
  say.
• 2:52
  And
• 2:53
  what
• 2:53
  caught
• 2:53
  my
• 2:53
  attention
• 2:53
  about
• 2:54
  this
• 2:54
  headline
• 2:54
  was
• 2:55
  that
• 2:55
  they're
• 2:55
  putting
• 2:55
  AI
• 2:56
  in
• 2:56
  his
• 2:56
  title.
• 2:57
  And
• 2:58
  I
• 2:58
  don't
• 2:58
  know
• 2:59
  that
• 2:59
  I
• 2:59
  would
• 2:59
  have
• 2:59
  done
• 2:59
  this
• 3:00
  if
• 3:00
  I
• 3:00
  was
• 3:00
  leadership
• 3:01
  at
• 3:01
  Lululemon,
• 3:02
  because
• 3:02
  I
• 3:02
  think
• 3:02
  it
• 3:03
  signals
• 3:03
  to
• 3:03
  me,
• 3:03
  like,
• 3:04
  this
• 3:04
  is
• 3:04
  the
• 3:04
  AI
• 3:05
  guy,
• 3:06
  you
• 3:06
  know,
• 3:07
  who
• 3:07
  everybody
• 3:07
  should
• 3:08
  go
• 3:08
  to
• 3:08
  about
• 3:08
  AI
• 3:09
  or
• 3:09
  like,
• 3:09
  who's
• 3:10
  expecting,
• 3:11
  you
• 3:11
  know,
• 3:11
  I.
• 3:12
  To
• 3:12
  kind
• 3:12
  of.
• 3:12
  Or
• 3:13
  to
• 3:13
  be
• 3:13
  the
• 3:13
  person
• 3:13
  that
• 3:13
  people
• 3:14
  go
• 3:14
  to
• 3:14
  for
• 3:14
  AI
• 3:14
  And
• 3:15
  I.
• 3:15
  I
• 3:15
  want
• 3:16
  all
• 3:16
  of
• 3:16
  my
• 3:16
  leaders,
• 3:17
  especially
• 3:18
  throughout
• 3:18
  Lululemon,
• 3:19
  I
• 3:19
  want
• 3:19
  them
• 3:19
  to
• 3:20
  be
• 3:20
  looking
• 3:20
  at
• 3:20
  how
• 3:20
  they
• 3:21
  can
• 3:21
  apply
• 3:21
  AI
• 3:22
  individually.
• 3:23
  I
• 3:23
  don't
• 3:23
  think
• 3:23
  there
• 3:23
  should
• 3:23
  be,
• 3:23
  like,
• 3:24
  one
• 3:24
  person
• 3:24
  at
• 3:25
  the
• 3:25
  company
• 3:25
  who's
• 3:25
  kind
• 3:26
  of
• 3:26
  the.
• 3:26
  The
• 3:27
  guru.
• 3:28
  So
• 3:28
  my
• 3:28
  hope
• 3:29
  is
• 3:29
  that
• 3:29
  Ranji
• 3:30
  will
• 3:30
  be
• 3:30
  able
• 3:30
  to
• 3:31
  kind
• 3:31
  of
• 3:31
  partner
• 3:31
  with
• 3:31
  all
• 3:32
  the
• 3:32
  leadership
• 3:32
  across
• 3:33
  various
• 3:33
  teams
• 3:33
  at
• 3:33
  Lululemon
• 3:34
  to
• 3:34
  really
• 3:35
  help
• 3:35
  them
• 3:36
  figure
• 3:36
  out
• 3:36
  how
• 3:36
  to.
• 3:37
  How
• 3:37
  to
• 3:38
  be
• 3:38
  thinking
• 3:39
  like
• 3:39
  a
• 3:39
  tech
• 3:40
  company.
• 3:40
  How
• 3:40
  we
• 3:40
  thinking
• 3:41
  like
• 3:41
  a
• 3:41
  product
• 3:41
  company,
• 3:42
  not
• 3:42
  just
• 3:42
  thinking
• 3:43
  about
• 3:43
  their
• 3:43
  one
• 3:44
  responsibility
• 3:45
  and
• 3:45
  merchandising
• 3:46
  or
• 3:46
  supply
• 3:46
  chain
• 3:47
  or
• 3:47
  marketing
• 3:48
  or
• 3:48
  stores.
• 3:49
  But
• 3:50
  that's.
• 3:51
  That's
• 3:51
  my
• 3:51
  opinion
• 3:52
  of
• 3:52
  this
• 3:52
  guy
• 3:53
  and
• 3:53
  this
• 3:54
  headline.
• 3:54
  Chris,
• 3:55
  what
• 3:55
  do
• 3:55
  you
• 3:55
  think?
• 3:56
  Yeah,
• 3:57
  I
• 3:57
  mean,
• 3:57
  I.
• 3:58
  I
• 3:58
  disagree
• 3:58
  with
• 3:59
  some
• 3:59
  of
• 3:59
  the
• 3:59
  points
• 3:59
  you
• 3:59
  made
• 3:59
  in
• 4:00
  there.
• 4:00
  Like,
• 4:00
  I
• 4:00
  don't
• 4:00
  think.
• 4:01
  I
• 4:01
  don't
• 4:01
  think
• 4:01
  Lululemon
• 4:02
  needs
• 4:02
  to
• 4:02
  be
• 4:02
  a
• 4:03
  tech
• 4:03
  company
• 4:03
  at
• 4:03
  all.
• 4:03
  I
• 4:04
  think
• 4:04
  Lululemon
• 4:05
  just
• 4:05
  needs
• 4:05
  to
• 4:05
  be
• 4:05
  a
• 4:05
  better
• 4:06
  retailer
• 4:07
  and
• 4:07
  one
• 4:08
  that
• 4:08
  knows
• 4:08
  how
• 4:08
  to
• 4:08
  use
• 4:08
  tech
• 4:09
  to
• 4:09
  its
• 4:09
  fullest
• 4:09
  advantage.
• 4:10
  If
• 4:10
  anything,
• 4:10
  I
• 4:11
  agree
• 4:11
  with
• 4:11
  you
• 4:11
  on
• 4:12
  the
• 4:12
  point
• 4:12
  about
• 4:13
  them
• 4:13
  calling
• 4:13
  out
• 4:14
  AI
• 4:14
  in
• 4:14
  his
• 4:14
  title.
• 4:15
  I
• 4:15
  think
• 4:15
  this
• 4:16
  could
• 4:16
  be
• 4:16
  a
• 4:16
  canary
• 4:16
  in
• 4:16
  the
• 4:17
  coal
• 4:17
  mine
• 4:17
  for
• 4:17
  Lululemon,
• 4:18
  that
• 4:18
  they're
• 4:18
  a
• 4:18
  little
• 4:18
  bit
• 4:19
  lost
• 4:19
  from
• 4:19
  a
• 4:19
  leadership
• 4:20
  perspective.
• 4:20
  Like,
• 4:20
  the.
• 4:21
  The
• 4:21
  results
• 4:21
  have
• 4:21
  not
• 4:21
  been
• 4:22
  good
• 4:22
  of
• 4:22
  late,
• 4:23
  and
• 4:23
  now
• 4:24
  you're
• 4:24
  saying.
• 4:24
  And
• 4:24
  you
• 4:25
  know,
• 4:25
  they're.
• 4:25
  And
• 4:25
  you
• 4:25
  know,
• 4:25
  the
• 4:25
  media
• 4:26
  is
• 4:26
  picking
• 4:26
  this
• 4:26
  up
• 4:26
  from
• 4:27
  Lululemon.
• 4:27
  So
• 4:28
  Lululemon
• 4:28
  is
• 4:28
  telling
• 4:29
  everyone,
• 4:29
  this
• 4:30
  is
• 4:30
  our
• 4:30
  first
• 4:30
  AIC
• 4:31
  suite
• 4:31
  Higher.
• 4:32
  Right.
• 4:33
  So
• 4:33
  that's
• 4:33
  how
• 4:33
  they're
• 4:33
  thinking
• 4:33
  about
• 4:34
  it.
• 4:34
  And
• 4:34
  so
• 4:34
  you're
• 4:35
  right.
• 4:35
  It
• 4:35
  does
• 4:35
  run
• 4:36
  the
• 4:36
  risk
• 4:36
  of
• 4:36
  people
• 4:36
  getting
• 4:37
  too
• 4:37
  far
• 4:37
  afield
• 4:38
  in
• 4:38
  terms
• 4:38
  of
• 4:38
  how
• 4:38
  much
• 4:38
  power
• 4:39
  this
• 4:39
  guy
• 4:39
  gets
• 4:39
  in
• 4:39
  the
• 4:39
  organization,
• 4:40
  what
• 4:40
  he
• 4:40
  wants
• 4:41
  to
• 4:41
  pull
• 4:41
  off.
• 4:42
  And,
• 4:42
  you
• 4:42
  know,
• 4:42
  do
• 4:42
  you
• 4:43
  lose
• 4:43
  your
• 4:43
  focus
• 4:43
  on
• 4:44
  just
• 4:44
  creating
• 4:44
  great
• 4:45
  products
• 4:45
  and
• 4:45
  great
• 4:45
  retail
• 4:46
  experiences
• 4:46
  every
• 4:46
  day,
• 4:47
  which
• 4:47
  is
• 4:47
  what
• 4:48
  Lululemon's
• 4:48
  all
• 4:48
  about.
• 4:49
  Like,
• 4:49
  I
• 4:49
  was
• 4:49
  reading
• 4:49
  today,
• 4:49
  like,
• 4:50
  they're
• 4:50
  just.
• 4:50
  They're,
• 4:50
  like,
• 4:51
  throwing
• 4:51
  the
• 4:51
  kitchen
• 4:51
  sink
• 4:52
  at
• 4:52
  endorsements.
• 4:52
  Like,
• 4:52
  they're
• 4:53
  endorsing
• 4:53
  golf
• 4:54
  and
• 4:54
  Formula
• 4:54
  One
• 4:54
  now
• 4:55
  and
• 4:55
  all
• 4:55
  this
• 4:55
  other
• 4:55
  stuff,
• 4:56
  and
• 4:56
  it
• 4:56
  just
• 4:56
  seems
• 4:57
  like
• 4:57
  it's
• 4:57
  Another
• 4:57
  thing
• 4:58
  that
• 4:58
  potentially
• 4:58
  something's
• 4:59
  just
• 4:59
  not
• 4:59
  right
• 4:59
  under
• 5:00
  the,
• 5:00
  you
• 5:00
  know,
• 5:00
  you
• 5:01
  know,
• 5:01
  under
• 5:01
  the
• 5:01
  covers
• 5:01
  here.
• 5:03
  But
• 5:03
  to
• 5:03
  answer
• 5:03
  that
• 5:03
  question,
• 5:04
  I
• 5:04
  think,
• 5:04
  you
• 5:04
  know,
• 5:05
  if
• 5:05
  he's
• 5:05
  doing
• 5:06
  things
• 5:06
  the
• 5:07
  right
• 5:07
  way.
• 5:08
  The
• 5:08
  value
• 5:08
  I
• 5:08
  see
• 5:09
  with
• 5:09
  AI
• 5:09
  and
• 5:09
  retail
• 5:10
  is
• 5:10
  a
• 5:11
  retail
• 5:11
  in
• 5:11
  general
• 5:12
  throughout
• 5:12
  its
• 5:12
  history
• 5:13
  has
• 5:13
  been
• 5:13
  set
• 5:13
  up
• 5:14
  or
• 5:14
  run,
• 5:14
  assuming
• 5:15
  everything
• 5:15
  runs
• 5:16
  perfectly.
• 5:17
  And
• 5:17
  the
• 5:17
  beauty
• 5:18
  of
• 5:18
  AI,
• 5:18
  which,
• 5:18
  you
• 5:19
  know,
• 5:19
  Julian
• 5:20
  just
• 5:20
  shared
• 5:20
  on
• 5:21
  our
• 5:21
  show
• 5:22
  is
• 5:22
  that,
• 5:23
  you
• 5:23
  know,
• 5:23
  that
• 5:23
  we,
• 5:24
  you
• 5:24
  know,
• 5:24
  just
• 5:24
  shared
• 5:24
  in
• 5:24
  this
• 5:24
  5
• 5:25
  insightful
• 5:25
  minutes
• 5:25
  segment
• 5:26
  with
• 5:26
  us
• 5:26
  is
• 5:26
  that
• 5:27
  AI
• 5:27
  helps
• 5:27
  you
• 5:27
  with
• 5:28
  the
• 5:28
  unpredictable.
• 5:29
  It
• 5:29
  helps
• 5:29
  you
• 5:29
  take
• 5:29
  action
• 5:30
  with
• 5:30
  things
• 5:30
  that
• 5:30
  you
• 5:31
  can't
• 5:31
  expect.
• 5:31
  So
• 5:31
  it's
• 5:32
  tools
• 5:32
  like
• 5:32
  Corso
• 5:33
  or
• 5:33
  Simbi
• 5:34
  with
• 5:34
  its
• 5:34
  robots
• 5:34
  in
• 5:34
  the
• 5:35
  store
• 5:35
  doing
• 5:35
  the
• 5:36
  same
• 5:36
  thing.
• 5:36
  That's,
• 5:37
  that's
• 5:37
  where
• 5:37
  AI's
• 5:38
  value
• 5:38
  is
• 5:39
  inherently.
• 5:39
  And
• 5:39
  there's
• 5:40
  a
• 5:40
  ton
• 5:40
  of
• 5:40
  value
• 5:40
  in
• 5:40
  the
• 5:40
  store
• 5:41
  side.
• 5:41
  There's
• 5:41
  a
• 5:41
  ton
• 5:41
  of
• 5:41
  value
• 5:41
  in
• 5:41
  the
• 5:42
  marketing
• 5:42
  side,
• 5:42
  which
• 5:42
  everyone
• 5:42
  always
• 5:43
  talks
• 5:43
  about.
• 5:43
  But
• 5:44
  in
• 5:44
  the
• 5:44
  store
• 5:44
  side
• 5:45
  especially
• 5:45
  and
• 5:46
  on
• 5:46
  the
• 5:46
  inventory
• 5:46
  side,
• 5:47
  I
• 5:48
  can
• 5:48
  help
• 5:48
  you
• 5:48
  with
• 5:49
  what
• 5:49
  is
• 5:49
  unpredictable
• 5:50
  and
• 5:50
  that's
• 5:50
  the
• 5:50
  value
• 5:50
  I
• 5:51
  see.
• 5:51
  And
• 5:51
  hopefully
• 5:52
  that's
• 5:52
  what
• 5:52
  he
• 5:53
  can
• 5:53
  do
• 5:53
  to
• 5:53
  help
• 5:54
  them
• 5:54
  become
• 5:54
  a
• 5:54
  better
• 5:54
  retailer
• 5:55
  versus
• 5:55
  I
• 5:55
  think
• 5:56
  becoming
• 5:56
  a
• 5:56
  better
• 5:56
  tech
• 5:56
  company.
• 5:57
  That's
• 5:57
  where
• 5:57
  I
• 5:57
  take
• 5:57
  issue
• 5:58
  with,
• 5:58
  with
• 5:58
  that
• 5:58
  positioning.
• 5:59
  Yeah,
• 6:00
  I
• 6:00
  think,
• 6:00
  I
• 6:00
  think
• 6:00
  it's
• 6:01
  hard
• 6:01
  to
• 6:01
  draw
• 6:01
  the
• 6:01
  lines
• 6:02
  right
• 6:02
  now
• 6:03
  clearly
• 6:03
  because
• 6:04
  I
• 6:04
  think
• 6:04
  that
• 6:04
  tech
• 6:05
  is
• 6:05
  important
• 6:06
  to
• 6:07
  having
• 6:07
  them
• 6:08
  have
• 6:08
  better
• 6:08
  grasps
• 6:09
  on
• 6:09
  inventory
• 6:10
  and
• 6:10
  the
• 6:10
  products
• 6:10
  that
• 6:11
  they're
• 6:11
  creating.
• 6:11
  Like,
• 6:11
  I
• 6:12
  think
• 6:12
  it's,
• 6:12
  it's,
• 6:13
  it's
• 6:13
  a
• 6:13
  good
• 6:14
  hire
• 6:14
  ultimately
• 6:14
  for
• 6:15
  Lululemon,
• 6:15
  like
• 6:16
  I
• 6:16
  said
• 6:16
  in
• 6:16
  the
• 6:16
  beginning
• 6:16
  because
• 6:17
  I
• 6:17
  think,
• 6:18
  yeah,
• 6:19
  I
• 6:19
  think
• 6:19
  he
• 6:19
  will
• 6:19
  start
• 6:19
  to
• 6:20
  get
• 6:20
  those
• 6:20
  teams
• 6:21
  to
• 6:21
  stop
• 6:21
  thinking
• 6:21
  just
• 6:22
  about
• 6:22
  like
• 6:23
  what
• 6:23
  product
• 6:23
  we
• 6:24
  should
• 6:24
  put
• 6:24
  and
• 6:24
  just,
• 6:25
  you
• 6:25
  know,
• 6:25
  following
• 6:26
  our
• 6:26
  day
• 6:26
  to
• 6:26
  day
• 6:27
  operations
• 6:28
  and
• 6:29
  just
• 6:29
  pushing
• 6:29
  out
• 6:30
  product.
• 6:30
  Because
• 6:30
  that's
• 6:30
  not
• 6:30
  working
• 6:31
  to
• 6:31
  your
• 6:31
  point.
• 6:31
  Like
• 6:32
  that's
• 6:32
  not,
• 6:33
  that's
• 6:33
  not
• 6:33
  helping
• 6:33
  Lululemon
• 6:34
  be
• 6:34
  successful.
• 6:35
  They've
• 6:35
  got
• 6:35
  inventory
• 6:35
  overages
• 6:36
  right
• 6:36
  now
• 6:36
  that
• 6:36
  they're
• 6:37
  dealing
• 6:37
  with.
• 6:38
  They've
• 6:38
  got
• 6:38
  a
• 6:38
  dupe
• 6:39
  category
• 6:40
  or
• 6:40
  a
• 6:40
  dupe
• 6:40
  factor
• 6:40
  that's
• 6:41
  coming
• 6:41
  in
• 6:41
  that's
• 6:42
  undercutting
• 6:42
  them
• 6:43
  for
• 6:43
  price.
• 6:43
  Like
• 6:43
  I
• 6:44
  think,
• 6:44
  I
• 6:44
  think
• 6:44
  it
• 6:44
  is
• 6:45
  important
• 6:45
  for
• 6:45
  them
• 6:45
  to
• 6:46
  have
• 6:46
  a
• 6:46
  leader
• 6:46
  like
• 6:46
  this,
• 6:47
  especially
• 6:47
  with
• 6:47
  his
• 6:48
  AI
• 6:48
  background
• 6:48
  to
• 6:49
  help
• 6:49
  them
• 6:49
  better
• 6:50
  address
• 6:50
  each
• 6:50
  of
• 6:51
  those
• 6:51
  areas.
• 6:51
  So
• 6:51
  maybe
• 6:51
  not
• 6:52
  a
• 6:52
  tech
• 6:52
  company,
• 6:52
  but
• 6:53
  just
• 6:53
  getting
• 6:53
  them
• 6:53
  thinking
• 6:54
  differently
• 6:54
  about
• 6:54
  how
• 6:55
  they're
• 6:55
  deploying
• 6:55
  tech
• 6:55
  to
• 6:56
  make
• 6:56
  the
• 6:57
  stores
• 6:57
  and
• 6:57
  customer
• 6:58
  experience
• 6:58
  better.
• 6:59
  Yeah.
• 7:00
  Which
• 7:00
  is
• 7:00
  just
• 7:00
  the
• 7:00
  standard
• 7:01
  function
• 7:01
  of
• 7:01
  the
• 7:01
  CTO's
• 7:02
  job
• 7:02
  at
• 7:02
  the
• 7:02
  end
• 7:03
  of
• 7:03
  the
• 7:03
  day.
• 7:03
  Right.
• 7:03
  That's
• 7:04
  so
• 7:04
  funny
• 7:04
  about
• 7:04
  this.
• 7:05
  Any
• 7:05
  CTO
• 7:05
  worth
• 7:06
  his
• 7:06
  salt
• 7:06
  has
• 7:07
  to
• 7:07
  understand
• 7:07
  AI,
• 7:08
  right?
• 7:08
  Why
• 7:08
  does
• 7:08
  he
• 7:09
  need
• 7:09
  it?
• 7:09
  I
• 7:09
  don't
• 7:10
  know.
• 7:11
  You
• 7:11
  would
• 7:11
  think,
• 7:11
  right?
• 7:11
  Yeah.