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Headline of the Year - What Announcement Mattered Most? | Fast Five Shorts · Omni Talk Retail

• 0:00
  Chris,
• 0:00
  I'm
• 0:00
  going
• 0:00
  to
• 0:00
  go
• 0:00
  back
• 0:01
  to
• 0:01
  you
• 0:01
  to
• 0:01
  start
• 0:01
  on
• 0:01
  this
• 0:02
  one.
• 0:02
  What
• 0:02
  was
• 0:02
  your
• 0:03
  headline
• 0:03
  of
• 0:03
  the
• 0:04
  year?
• 0:05
  Yeah,
• 0:05
  okay,
• 0:06
  this
• 0:06
  one.
• 0:07
  Yeah,
• 0:07
  Walmart's
• 0:08
  back
• 0:08
  at
• 0:08
  it.
• 0:08
  For
• 0:08
  me
• 0:08
  it's
• 0:09
  Walmart
• 0:09
  and
• 0:09
  ChatGPT's
• 0:10
  integration
• 0:11
  and,
• 0:12
  and
• 0:12
  I
• 0:12
  say
• 0:12
  that
• 0:13
  not
• 0:13
  knowing
• 0:14
  what
• 0:14
  the
• 0:14
  hell
• 0:14
  it
• 0:14
  even
• 0:14
  means
• 0:15
  yet.
• 0:15
  Like
• 0:15
  I
• 0:15
  think
• 0:15
  it's
• 0:16
  just
• 0:16
  kind
• 0:16
  of
• 0:16
  been
• 0:16
  announced.
• 0:17
  We
• 0:17
  don't
• 0:17
  know
• 0:17
  it,
• 0:17
  what
• 0:18
  it,
• 0:18
  what
• 0:18
  it's
• 0:18
  going
• 0:18
  to
• 0:19
  look
• 0:19
  like.
• 0:19
  It's
• 0:19
  kind
• 0:19
  of
• 0:19
  amorphous
• 0:20
  in
• 0:20
  terms
• 0:20
  of
• 0:20
  how
• 0:20
  they're
• 0:20
  describing
• 0:21
  it
• 0:22
  and
• 0:22
  meanwhile
• 0:23
  like
• 0:23
  you
• 0:23
  said
• 0:23
  and
• 0:24
  Walmart's
• 0:24
  fortifying
• 0:25
  generative
• 0:25
  AI
• 0:25
  search
• 0:26
  on
• 0:26
  its
• 0:26
  own
• 0:26
  site
• 0:27
  via
• 0:27
  Sparky.
• 0:28
  So
• 0:29
  but
• 0:29
  net
• 0:30
  net,
• 0:30
  I
• 0:30
  think
• 0:30
  this
• 0:30
  announcement
• 0:31
  or
• 0:31
  this
• 0:31
  headline
• 0:32
  is
• 0:32
  important
• 0:32
  because
• 0:33
  one,
• 0:34
  if
• 0:34
  they
• 0:34
  do
• 0:35
  do
• 0:35
  it,
• 0:35
  if
• 0:35
  they
• 0:35
  do
• 0:35
  integrate
• 0:36
  with
• 0:36
  ChatGPT,
• 0:37
  it
• 0:37
  potentially
• 0:38
  hurts
• 0:38
  Amazon
• 0:39
  because
• 0:40
  Walmart
• 0:40
  has
• 0:40
  always
• 0:40
  been
• 0:41
  the
• 0:41
  third
• 0:41
  banana
• 0:42
  to
• 0:42
  Amazon
• 0:42
  and
• 0:43
  Google
• 0:43
  in
• 0:43
  terms
• 0:43
  of
• 0:43
  first
• 0:44
  product
• 0:44
  search
• 0:44
  and
• 0:44
  that
• 0:45
  gives
• 0:45
  Walmart
• 0:46
  some
• 0:46
  entry
• 0:46
  into
• 0:47
  that
• 0:47
  game
• 0:47
  in
• 0:47
  a
• 0:47
  way
• 0:48
  they
• 0:48
  haven't
• 0:48
  had
• 0:48
  before.
• 0:49
  And
• 0:50
  it
• 0:50
  still
• 0:50
  gives
• 0:50
  Walmart
• 0:51
  the
• 0:51
  option
• 0:51
  value
• 0:51
  of
• 0:51
  deciding
• 0:52
  what
• 0:52
  products
• 0:53
  it
• 0:53
  wants
• 0:53
  to
• 0:53
  make
• 0:54
  available
• 0:54
  via
• 0:54
  the
• 0:54
  LLM.
• 0:55
  You
• 0:55
  know,
• 0:55
  for
• 0:55
  example,
• 0:56
  they're
• 0:56
  very
• 0:56
  smart
• 0:56
  to
• 0:57
  not
• 0:57
  allow
• 0:57
  groceries
• 0:58
  into
• 0:58
  that
• 0:58
  equation
• 0:59
  right
• 0:59
  now
• 0:59
  they've
• 0:59
  said
• 0:59
  that
• 1:00
  get
• 1:00
  go
• 1:00
  and
• 1:00
  I
• 1:00
  think
• 1:01
  that's
• 1:01
  a
• 1:01
  really
• 1:01
  smart
• 1:01
  move.
• 1:02
  And
• 1:02
  then
• 1:02
  the
• 1:02
  third
• 1:02
  piece
• 1:03
  I'd
• 1:03
  say
• 1:03
  is,
• 1:04
  you
• 1:04
  know,
• 1:04
  the
• 1:05
  reason
• 1:05
  this
• 1:05
  is
• 1:05
  important
• 1:05
  is
• 1:06
  it
• 1:06
  means
• 1:06
  competitors
• 1:07
  are
• 1:07
  going
• 1:07
  to
• 1:07
  be
• 1:07
  rushing
• 1:08
  in
• 1:08
  there.
• 1:08
  Everyone's
• 1:09
  going
• 1:09
  to
• 1:09
  be
• 1:09
  looking
• 1:09
  at
• 1:09
  this
• 1:10
  now,
• 1:10
  they're
• 1:10
  going
• 1:10
  to
• 1:10
  go
• 1:11
  willy
• 1:11
  nilly
• 1:11
  into
• 1:11
  it.
• 1:12
  They're
• 1:12
  probably
• 1:13
  not
• 1:13
  going
• 1:13
  to
• 1:13
  be
• 1:13
  articulating
• 1:14
  the,
• 1:14
  their
• 1:14
  long
• 1:14
  term
• 1:15
  strategies
• 1:15
  inside
• 1:16
  their
• 1:16
  boardrooms
• 1:16
  that
• 1:17
  well.
• 1:17
  And
• 1:18
  it
• 1:18
  just
• 1:19
  opened
• 1:19
  Pandora's
• 1:20
  box
• 1:20
  effectively
• 1:21
  in
• 1:21
  terms
• 1:21
  of
• 1:21
  how
• 1:22
  retailers
• 1:22
  are
• 1:22
  going
• 1:23
  to
• 1:23
  start
• 1:23
  thinking
• 1:23
  and
• 1:24
  interacting
• 1:24
  with
• 1:25
  these
• 1:25
  LLM
• 1:26
  search
• 1:26
  engines.
• 1:27
  Yeah,
• 1:28
  I,
• 1:28
  I
• 1:28
  gonna
• 1:29
  just
• 1:30
  tag
• 1:30
  on
• 1:30
  to
• 1:30
  the
• 1:31
  end
• 1:31
  of
• 1:31
  that
• 1:31
  Chris,
• 1:31
  because
• 1:31
  my
• 1:32
  headline
• 1:32
  of
• 1:32
  the
• 1:32
  year
• 1:32
  was
• 1:33
  actually
• 1:33
  Etsy
• 1:34
  and
• 1:34
  open
• 1:34
  AI
• 1:35
  teaming
• 1:35
  up
• 1:35
  to
• 1:35
  allow
• 1:35
  transactions
• 1:36
  through
• 1:36
  Chat
• 1:37
  GPT
• 1:38
  because
• 1:38
  of
• 1:38
  the
• 1:39
  impact
• 1:39
  like
• 1:39
  you
• 1:40
  were
• 1:40
  just
• 1:40
  saying.
• 1:40
  I
• 1:41
  think
• 1:41
  that
• 1:41
  we,
• 1:42
  we
• 1:42
  witnessed
• 1:43
  this
• 1:43
  year
• 1:43
  and
• 1:43
  I
• 1:43
  think
• 1:43
  I
• 1:43
  called
• 1:44
  this
• 1:44
  out
• 1:44
  when
• 1:44
  we
• 1:44
  read
• 1:44
  this
• 1:45
  headline
• 1:45
  earlier
• 1:45
  this
• 1:46
  year.
• 1:46
  But
• 1:46
  this
• 1:47
  is
• 1:47
  a,
• 1:48
  a
• 1:48
  you
• 1:48
  know,
• 1:49
  seismic
• 1:50
  shift
• 1:50
  in
• 1:50
  how
• 1:51
  we
• 1:51
  are
• 1:51
  shopping
• 1:51
  as
• 1:52
  consumers
• 1:52
  that
• 1:53
  I
• 1:53
  think
• 1:53
  we're
• 1:53
  going
• 1:53
  to
• 1:53
  look
• 1:53
  back
• 1:54
  on
• 1:54
  the,
• 1:54
  the
• 1:54
  same
• 1:55
  way
• 1:55
  we
• 1:55
  look
• 1:55
  back
• 1:55
  on
• 1:56
  98
• 1:56
  and
• 1:56
  99
• 1:57
  is
• 1:57
  kind
• 1:57
  of
• 1:57
  the
• 1:57
  year
• 1:57
  that
• 1:58
  E
• 1:58
  commerce
• 1:58
  really
• 1:59
  kind
• 1:59
  of
• 1:59
  came
• 1:59
  to
• 1:59
  the
• 2:00
  fore.
• 2:00
  So
• 2:00
  I
• 2:00
  think
• 2:01
  for
• 2:01
  me
• 2:01
  Etsy
• 2:02
  and
• 2:02
  OpenAI.
• 2:02
  While
• 2:03
  Etsy
• 2:03
  wasn't
• 2:03
  maybe
• 2:04
  not
• 2:04
  a
• 2:05
  complex
• 2:05
  retailer
• 2:06
  to
• 2:06
  start
• 2:06
  with,
• 2:07
  I
• 2:07
  think
• 2:07
  that
• 2:07
  really
• 2:08
  was,
• 2:09
  was
• 2:09
  the
• 2:09
  kind
• 2:10
  of
• 2:10
  the
• 2:10
  first
• 2:10
  launch
• 2:11
  of
• 2:11
  this
• 2:12
  new
• 2:12
  wave
• 2:12
  of
• 2:12
  shopping.
• 2:14
  Chad,
• 2:14
  I'm
• 2:15
  going
• 2:15
  to
• 2:15
  let
• 2:15
  you
• 2:15
  close
• 2:15
  us
• 2:16
  out
• 2:16
  here.
• 2:16
  Headline
• 2:17
  of
• 2:17
  the
• 2:17
  year,
• 2:18
  what
• 2:18
  was
• 2:18
  it?
• 2:19
  Yeah,
• 2:20
  Now
• 2:20
  I'm
• 2:21
  seeing
• 2:21
  where
• 2:22
  we're
• 2:22
  going
• 2:22
  to
• 2:23
  converge
• 2:23
  over
• 2:24
  the
• 2:24
  course
• 2:24
  of
• 2:24
  the
• 2:25
  show
• 2:25
  across
• 2:26
  different
• 2:26
  omnis.
• 2:27
  Right,
• 2:27
  but
• 2:27
  let
• 2:28
  me
• 2:28
  put
• 2:28
  a
• 2:28
  pin
• 2:28
  in
• 2:28
  that
• 2:29
  for
• 2:29
  a
• 2:29
  second
• 2:29
  because
• 2:29
  what
• 2:30
  I
• 2:30
  chose
• 2:30
  is
• 2:30
  the
• 2:30
  actual
• 2:31
  headline
• 2:31
  of
• 2:32
  the
• 2:32
  year
• 2:33
  and
• 2:33
  it's
• 2:33
  bigger
• 2:34
  than
• 2:34
  a
• 2:34
  Walmart
• 2:35
  story,
• 2:36
  but
• 2:36
  it
• 2:36
  was
• 2:36
  Doug
• 2:37
  McMillan
• 2:37
  retiring
• 2:38
  and
• 2:39
  taking
• 2:40
  over.
• 2:41
  And
• 2:42
  you
• 2:42
  know,
• 2:43
  so
• 2:43
  I'll
• 2:43
  start
• 2:44
  with
• 2:44
  a
• 2:44
  little
• 2:44
  like,
• 2:45
  you
• 2:45
  know,
• 2:45
  celebrating
• 2:46
  McMillan
• 2:47
  and
• 2:47
  kind
• 2:48
  of
• 2:48
  Walmart
• 2:48
  portion
• 2:49
  of
• 2:49
  it,
• 2:49
  right?
• 2:49
  And
• 2:51
  elevate
• 2:52
  that.
• 2:52
  Right?
• 2:52
  Because,
• 2:53
  you
• 2:53
  know,
• 2:53
  I
• 2:53
  mean,
• 2:53
  listen,
• 2:54
  a
• 2:54
  decade
• 2:54
  ago,
• 2:55
  Walmart
• 2:56
  was
• 2:56
  largely
• 2:57
  seen
• 2:57
  as
• 2:58
  a
• 2:58
  legacy
• 2:58
  retailer
• 2:59
  struggling
• 3:00
  to
• 3:00
  compete
• 3:00
  with
• 3:01
  E
• 3:01
  Commerce
• 3:01
  rivals.
• 3:02
  Right?
• 3:03
  And
• 3:03
  you
• 3:03
  guys
• 3:03
  alluded
• 3:04
  to
• 3:04
  it.
• 3:04
  How
• 3:04
  many
• 3:04
  headlines
• 3:05
  just
• 3:06
  this
• 3:06
  year,
• 3:06
  let
• 3:07
  alone
• 3:07
  the
• 3:07
  last
• 3:07
  couple
• 3:07
  of
• 3:08
  years,
• 3:08
  have
• 3:08
  you
• 3:08
  ended
• 3:09
  with
• 3:09
  statements
• 3:10
  actually
• 3:10
  suggesting
• 3:11
  that
• 3:11
  some
• 3:12
  big
• 3:12
  strategic
• 3:13
  swing
• 3:13
  that
• 3:14
  Walmart
• 3:14
  was
• 3:14
  taking
• 3:15
  is
• 3:15
  giving
• 3:15
  it
• 3:16
  advantage
• 3:16
  over
• 3:17
  Amazon?
• 3:18
  Right.
• 3:18
  Like
• 3:18
  unheard
• 3:19
  of
• 3:19
  maybe
• 3:20
  a
• 3:20
  decade
• 3:20
  ago.
• 3:21
  I
• 3:21
  mean,
• 3:21
  like
• 3:21
  under
• 3:22
  McMillan,
• 3:22
  Walmart
• 3:23
  has
• 3:23
  added
• 3:24
  things
• 3:24
  that
• 3:25
  Amazon
• 3:25
  does
• 3:25
  really
• 3:26
  well,
• 3:26
  right?
• 3:26
  Building
• 3:27
  out
• 3:27
  digital
• 3:28
  commerce.
• 3:29
  They
• 3:29
  got
• 3:29
  Walmart
• 3:30
  plus
• 3:30
  to
• 3:30
  a
• 3:30
  place
• 3:31
  that's
• 3:31
  arguably
• 3:31
  as
• 3:32
  valuable
• 3:32
  as
• 3:32
  Amazon
• 3:33
  Prime.
• 3:34
  They've
• 3:34
  created
• 3:35
  a
• 3:35
  retail
• 3:35
  media
• 3:36
  superpower.
• 3:38
  One
• 3:38
  of
• 3:38
  the
• 3:39
  headlines
• 3:39
  that
• 3:39
  I've
• 3:39
  loved
• 3:40
  over
• 3:40
  the
• 3:40
  last
• 3:40
  year
• 3:41
  or
• 3:41
  so
• 3:41
  is
• 3:41
  like
• 3:41
  them
• 3:42
  buying
• 3:42
  Vizio
• 3:43
  and
• 3:43
  building
• 3:43
  that
• 3:43
  out
• 3:44
  into
• 3:44
  this,
• 3:44
  you
• 3:44
  know,
• 3:45
  retail
• 3:45
  media
• 3:46
  implications.
• 3:47
  Now
• 3:47
  Chris,
• 3:47
  what
• 3:48
  you
• 3:48
  said
• 3:48
  in
• 3:48
  terms
• 3:48
  of
• 3:49
  like
• 3:49
  agentic
• 3:49
  AI,
• 3:50
  right,
• 3:50
  like
• 3:52
  they
• 3:52
  now
• 3:52
  have
• 3:53
  the
• 3:53
  things
• 3:53
  that.
• 3:54
  But
• 3:54
  they
• 3:54
  also,
• 3:54
  sorry,
• 3:55
  have
• 3:55
  the
• 3:55
  things
• 3:55
  that
• 3:56
  Amazon
• 3:56
  does
• 3:56
  not
• 3:57
  advantaging
• 3:58
  them
• 3:58
  with
• 3:58
  the
• 3:58
  brick
• 3:58
  and
• 3:59
  mortar
• 3:59
  footprint.
• 3:59
  Right?
• 4:01
  So
• 4:01
  there's
• 4:01
  all
• 4:01
  of
• 4:02
  that
• 4:02
  dynamic.
• 4:02
  They've
• 4:03
  moved
• 4:03
  upstream
• 4:04
  from,
• 4:04
  you
• 4:04
  know,
• 4:05
  a
• 4:05
  legacy
• 4:05
  low
• 4:06
  income
• 4:06
  consumer
• 4:07
  to
• 4:08
  all
• 4:08
  income
• 4:08
  brackets,
• 4:09
  from
• 4:10
  general
• 4:11
  conservative
• 4:12
  risk
• 4:12
  adversity
• 4:13
  to
• 4:13
  an
• 4:13
  agile,
• 4:14
  fast,
• 4:15
  you
• 4:15
  know,
• 4:15
  fail
• 4:15
  fast
• 4:16
  retailer.
• 4:16
  Right?
• 4:17
  Stocks
• 4:18
  up
• 4:18
  4x
• 4:18
  over
• 4:19
  this
• 4:19
  time.
• 4:19
  All
• 4:19
  these
• 4:20
  things.
• 4:20
  All
• 4:20
  these
• 4:20
  things.
• 4:21
  But
• 4:21
  ultimately
• 4:22
  the
• 4:22
  reason
• 4:22
  I
• 4:22
  picked
• 4:23
  this
• 4:23
  is
• 4:23
  because
• 4:23
  I
• 4:24
  think
• 4:24
  it's
• 4:24
  bigger
• 4:25
  than
• 4:25
  celebrating
• 4:26
  Macmillan
• 4:27
  and
• 4:27
  Walmart
• 4:27
  specifically.
• 4:28
  Right.
• 4:28
  Like
• 4:29
  we
• 4:29
  have,
• 4:30
  we're
• 4:30
  venturing,
• 4:31
  and
• 4:32
  you
• 4:32
  said
• 4:32
  it
• 4:32
  right,
• 4:32
  we're
• 4:33
  venturing
• 4:33
  into
• 4:33
  the
• 4:33
  most
• 4:33
  disruptive
• 4:34
  time
• 4:34
  in
• 4:35
  retail
• 4:35
  since
• 4:35
  the
• 4:36
  advent
• 4:36
  of
• 4:36
  E
• 4:36
  Com.
• 4:37
  Right.
• 4:37
  And
• 4:38
  as
• 4:38
  we
• 4:39
  look
• 4:39
  at
• 4:40
  this
• 4:40
  game
• 4:40
  changing
• 4:41
  tenure
• 4:42
  of
• 4:42
  Doug's
• 4:43
  and
• 4:43
  Sunset,
• 4:44
  that
• 4:44
  sets
• 4:44
  up
• 4:44
  for
• 4:45
  John,
• 4:46
  but
• 4:46
  the
• 4:46
  whole
• 4:47
  industry
• 4:47
  to
• 4:47
  really
• 4:48
  think
• 4:48
  about
• 4:48
  how
• 4:49
  they
• 4:49
  now
• 4:49
  fill
• 4:49
  this
• 4:50
  space
• 4:50
  and
• 4:50
  define
• 4:51
  the
• 4:51
  next
• 4:52
  phase
• 4:52
  of
• 4:52
  retail.
• 4:53
  Call
• 4:53
  it
• 4:53
  this
• 4:54
  post
• 4:54
  Amazon
• 4:55
  disruption
• 4:56
  era,
• 4:56
  how
• 4:56
  that's
• 4:56
  going
• 4:57
  to
• 4:57
  go.
• 4:58
  And
• 4:58
  Fortune
• 4:59
  will
• 4:59
  favor
• 5:00
  those
• 5:00
  who
• 5:00
  make
• 5:01
  similar
• 5:02
  proactive
• 5:04
  structural
• 5:05
  shifts
• 5:05
  that's
• 5:06
  going
• 5:06
  to
• 5:06
  shape
• 5:06
  the
• 5:06
  direction
• 5:07
  of
• 5:07
  the
• 5:07
  industry.
• 5:08
  So
• 5:09
  I
• 5:09
  toast
• 5:09
  you,
• 5:10
  Doug.
• 5:12
  I
• 5:13
  wish
• 5:13
  John
• 5:14
  the
• 5:14
  best.
• 5:14
  Coming
• 5:14
  in.
• 5:15
  And
• 5:16
  we're
• 5:16
  entering
• 5:17
  a
• 5:17
  new
• 5:17
  era.
• 5:19
  Doug
• 5:19
  is
• 5:19
  such
• 5:19
  a
• 5:20
  great
• 5:20
  name
• 5:20
  for
• 5:20
  a
• 5:20
  podcast.
• 5:21
  I
• 5:21
  toast
• 5:21
  you,
• 5:21
  Doug.
• 5:22
  But
• 5:22
  you're
• 5:22
  bringing
• 5:22
  up
• 5:22
  a
• 5:23
  great
• 5:23
  point,
• 5:23
  Chad.
• 5:23
  Like,
• 5:24
  Like,
• 5:25
  Doug
• 5:25
  was
• 5:25
  the
• 5:26
  seemingly
• 5:27
  the
• 5:27
  exact
• 5:27
  right
• 5:28
  person
• 5:28
  for
• 5:28
  Walmart,
• 5:29
  given
• 5:29
  the
• 5:29
  phase
• 5:30
  of
• 5:30
  where
• 5:30
  retail
• 5:31
  was.
• 5:32
  And
• 5:32
  now
• 5:32
  you're
• 5:33
  right.
• 5:33
  We're
• 5:33
  at
• 5:33
  this
• 5:33
  point
• 5:33
  now
• 5:34
  with
• 5:34
  all
• 5:34
  these
• 5:34
  announcements
• 5:35
  that
• 5:35
  Ann
• 5:35
  and
• 5:35
  I
• 5:35
  just
• 5:35
  talked
• 5:36
  about
• 5:36
  regarding
• 5:36
  generative
• 5:37
  AI,
• 5:37
  to
• 5:37
  say,
• 5:37
  okay,
• 5:38
  what
• 5:38
  does
• 5:38
  that
• 5:38
  next
• 5:39
  phase
• 5:39
  of
• 5:39
  retail
• 5:40
  look
• 5:40
  like?
• 5:40
  And
• 5:40
  now
• 5:40
  it's
• 5:40
  John
• 5:41
  Furniture's
• 5:41
  reigns
• 5:42
  to
• 5:42
  drive
• 5:42
  and
• 5:43
  steer
• 5:43
  that
• 5:43
  ship.
• 5:43
  So,
• 5:44
  yeah,
• 5:44
  it's
• 5:44
  crazy.