Latest / Omni Talk Retail / Kroger's Sunk Cost Trap, Ulta's Mirakl & Why Klarna's Walmart Deal Is 'One' For The Ages | Fast Five

Transcript

Kroger's Sunk Cost Trap, Ulta's Mirakl & Why Klarna's Walmart Deal Is 'One' For The Ages | Fast Five · Omni Talk Retail

0:01
The
0:01
Yammetalk
0:02
Fast5
0:02
is
0:02
brought
0:02
to
0:02
you
0:03
with
0:03
support
0:03
from
0:03
the
0:04
A
0:04
and
0:04
M
0:04
Consumer
0:04
and
0:05
Retail
0:05
Group.
0:05
The
0:06
A
0:06
and
0:06
M
0:06
Consumer
0:06
and
0:07
Retail
0:07
Group
0:07
is
0:07
a
0:07
management
0:08
consulting
0:08
firm
0:09
that
0:09
tackles
0:09
the
0:09
most
0:10
complex
0:10
challenges
0:11
and
0:11
advances
0:12
its
0:12
clients,
0:12
people
0:13
and
0:13
communities
0:14
for
0:14
their
0:14
maximum
0:15
potential.
0:15
CRG
0:16
brings
0:16
the
0:17
experience,
0:17
tools
0:18
and
0:18
operator
0:18
like
0:18
pragmatism
0:19
to
0:19
help
0:19
retailers
0:20
and
0:20
consumer
0:21
products
0:21
companies
0:22
be
0:22
on
0:22
the
0:22
right
0:22
side
0:22
of
0:23
disruption
0:25
and
0:25
Miracle,
0:26
the
0:26
catalyst
0:27
of
0:27
Commerce.
0:28
Over
0:28
450
0:29
retailers
0:29
are
0:30
opening
0:30
new
0:30
revenue
0:31
streams
0:31
with
0:31
marketplaces,
0:32
dropship
0:33
and
0:33
retail
0:33
media
0:34
and
0:34
succeeding
0:35
with
0:35
Miracle
0:36
unlock
0:37
more
0:37
products,
0:38
more
0:38
partners
0:39
and
0:39
more
0:39
profits
0:40
without
0:40
the
0:40
heavy
0:41
lifting.
0:41
What's
0:42
holding
0:42
you
0:42
back?
0:43
Visit
0:43
miracle.com
0:44
that's
0:45
mirakl.com
0:47
to
0:47
learn
0:47
more
0:48
and
0:48
Simbi
0:49
Simbee
0:49
powers
0:50
the
0:50
most
0:50
retail
0:51
banners
0:51
in
0:51
the
0:51
world
0:52
with
0:52
today's
0:53
only
0:53
multimodal
0:54
platform
0:54
for
0:54
in
0:54
store
0:55
intelligence.
0:56
See
0:56
how
0:56
Albertsons,
0:57
BJ's
0:57
Spartan
0:58
Nash
0:58
and
0:58
Wakefern
0:59
win
0:59
with
0:59
AI
0:59
and
1:00
automation@simbirobotics.com
1:02
that's
1:03
s
1:03
I
1:05
and
1:06
Infios.
1:07
At
1:07
Infios,
1:07
they
1:08
unite
1:08
warehousing,
1:09
transportation
1:09
and
1:10
order
1:10
management
1:11
into
1:11
a
1:11
seamless,
1:12
adaptable
1:13
network.
1:13
Infios
1:14
helps
1:14
you
1:15
stay
1:15
ahead
1:15
from
1:16
promise
1:16
to
1:17
delivery
1:17
and
1:18
every
1:18
step
1:18
in
1:19
between.
1:19
To
1:20
learn
1:20
more,
1:20
visit
1:20
infios.com
1:22
or
1:22
meet
1:22
them
1:22
at
1:23
Shop
1:23
Talk
1:23
Spring
1:24
in
1:24
Booth
1:24
1908
1:25
and
1:25
see
1:25
how
1:25
they
1:26
relentlessly
1:26
make
1:27
supply
1:27
chains
1:27
better.
1:28
And
1:28
finally,
1:29
Ocampo
1:29
Capital.
1:30
Ocampo
1:31
Capital
1:31
is
1:31
a
1:31
venture
1:31
capital
1:32
firm
1:32
founded
1:33
by
1:33
retail
1:33
executives
1:34
with
1:35
the
1:35
aim
1:35
of
1:35
helping
1:36
early
1:36
stage
1:36
consumer
1:37
businesses
1:37
succeed
1:38
through
1:38
investment
1:39
and
1:39
operational
1:40
support.
1:40
Learn
1:41
more@ocampocapital.com
1:44
hello,
1:45
you
1:45
are
1:45
listening
1:46
to
1:46
Omnitalk's
1:47
Retail
1:47
Fast
1:47
Five,
1:48
ranked
1:48
in
1:48
the
1:48
top
1:48
10%
1:49
of
1:49
all
1:49
podcasts
1:50
globally
1:50
and
1:50
currently
1:51
the
1:51
only
1:51
retail
1:52
podcast
1:52
ranked
1:52
in
1:53
the
1:53
top
1:53
100
1:53
of
1:54
all
1:54
business
1:54
podcasts
1:55
on
1:55
Apple
1:55
Podcasts.
1:56
The
1:56
Retail
1:56
Fast
1:57
Five
1:57
is
1:57
the
1:57
podcast
1:57
that
1:58
we
1:58
hope
1:58
makes
1:58
you
1:58
feel
1:59
a
1:59
little
1:59
smarter,
2:00
but
2:00
most
2:00
importantly,
2:01
a
2:01
little
2:01
happier
2:01
each
2:02
week
2:02
too.
2:02
And
2:03
the
2:03
Fast
2:03
5
2:03
is
2:04
just
2:04
one
2:04
of
2:04
the
2:04
many
2:04
great
2:05
podcasts
2:05
you
2:05
can
2:05
find
2:06
from
2:06
the
2:06
Omni
2:06
Talk
2:06
Retail
2:07
Podcast
2:07
Network
2:08
alongside
2:08
our
2:08
Retail
2:09
Daily
2:09
Minute,
2:09
which
2:09
brings
2:10
you
2:10
a
2:10
curated
2:10
selection
2:11
of
2:11
the
2:12
most
2:12
important
2:12
retail
2:12
headlines
2:13
every
2:13
morning
2:14
and
2:14
our
2:14
Retail
2:15
Technology
2:15
Spotlight
2:16
series,
2:16
which
2:16
goes
2:16
deep
2:17
each
2:17
week
2:17
on
2:17
the
2:18
latest
2:18
retail
2:18
technology
2:19
Trends.
2:20
Today
2:20
is
2:20
March
2:21
19,
2:22
2025.
2:22
I'm
2:22
your
2:23
host
2:23
Ann
2:23
Bazinga.
2:24
And
2:24
I'm
2:25
Chris
2:25
Walton
2:26
and
2:26
we
2:26
are.
2:26
Here
2:27
once
2:27
again
2:27
to
2:27
discuss
2:28
all
2:28
the
2:28
top
2:28
headlines
2:29
from
2:29
the
2:29
past
2:29
week
2:30
making
2:30
waves
2:31
in
2:31
the
2:31
world
2:31
of
2:31
omnichannel
2:32
retailing.
2:34
Chris
2:34
Things
2:35
are
2:35
just
2:35
rare.
2:36
Rearing
2:36
to
2:36
go,
2:37
Rearing
2:37
to
2:37
go.
2:37
Rearing
2:38
to
2:38
go
2:38
in
2:38
Raring
2:39
to
2:39
go.
2:39
Raring
2:40
to
2:40
go.
2:40
Yeah,
2:40
that
2:41
sounds
2:41
very
2:41
Irish
2:42
coming
2:42
off
2:42
St.
2:42
Patrick's
2:42
Day.
2:43
My.
2:43
I
2:43
know
2:43
Irish
2:44
ex
2:44
used
2:44
to
2:44
say
2:44
that
2:45
all
2:45
the
2:45
time.
2:45
We're
2:45
raring
2:45
to
2:46
go,
2:46
Chris.
2:46
Raring
2:47
to
2:47
go.
2:47
What
2:47
are
2:48
you
2:48
rare
2:48
to
2:48
go
2:48
for,
2:48
Ed?
2:49
Because
2:50
it's
2:50
Shop
2:50
Talk
2:50
next
2:51
week.
2:51
Already
2:52
it's
2:52
upon
2:52
us.
2:53
It's
2:53
coming.
2:54
And
2:55
tomorrow,
2:56
I
2:56
want
2:56
to
2:56
make
2:56
sure
2:56
that
2:57
everybody
2:57
listening
2:58
knows
2:58
we
2:58
have
2:58
a
2:59
special
2:59
LinkedIn
3:00
Live
3:00
event
3:00
tomorrow
3:01
at
3:01
11am
3:02
Central,
3:03
12pm
3:03
Eastern.
3:04
We
3:04
are
3:05
going
3:05
to
3:05
bring
3:06
you
3:06
exclusive
3:07
interviews
3:08
with
3:08
some
3:09
of
3:09
the
3:10
top
3:11
retail
3:12
technology
3:13
providers
3:14
that
3:14
you
3:14
must
3:15
see
3:15
at
3:16
Shop
3:16
Talk
3:16
next
3:16
week.
3:16
Are
3:17
you
3:17
getting
3:17
excited
3:17
for
3:17
that,
3:18
Chris?
3:18
Oh,
3:19
heck
3:19
yeah,
3:19
I
3:19
am.
3:19
And
3:20
I
3:20
mean,
3:20
and
3:20
one
3:20
of
3:20
them
3:20
is
3:21
actually
3:21
featured
3:21
in
3:22
one
3:22
of
3:22
this
3:22
week's
3:22
headlines,
3:23
too,
3:23
so
3:23
I
3:23
can't
3:23
wait
3:24
to
3:24
talk
3:24
about
3:24
that.
3:24
But,
3:25
yeah,
3:25
no,
3:25
we
3:25
got
3:26
a
3:26
whole
3:26
host
3:26
of
3:26
great
3:27
companies
3:27
we're
3:27
planning
3:27
to
3:27
preview.
3:28
But
3:29
you
3:29
know
3:29
what
3:29
else
3:29
I'm
3:29
excited
3:30
about?
3:30
And
3:30
because
3:30
I
3:30
want
3:31
to
3:31
give
3:31
them
3:31
some
3:31
props
3:31
here
3:32
before
3:32
we
3:32
get
3:32
started,
3:33
this
3:33
is
3:33
definitely
3:34
the
3:34
year
3:34
the
3:34
robot,
3:35
you
3:35
know,
3:36
Kroger,
3:37
you
3:37
know,
3:37
number
3:37
one
3:38
grocer
3:38
in
3:38
America,
3:39
is
3:39
piloting
3:39
robotics
3:40
in
3:40
their
3:41
stores
3:41
with
3:41
our
3:41
friends
3:41
at
3:42
Simbi.
3:42
That's.
3:43
That's
3:43
huge
3:44
news.
3:44
So
3:45
that
3:45
was
3:45
our
3:45
sponsor
3:46
for
3:46
getting
3:46
that
3:46
to
3:47
roll
3:47
out.
3:47
That's
3:47
awesome.
3:48
Yes.
3:49
Big
3:49
time.
3:49
Big
3:49
time.
3:50
I'm
3:50
really
3:50
excited
3:51
to
3:51
kind
3:51
of
3:51
stick
3:52
by
3:52
them
3:52
and
3:52
find
3:52
out
3:53
how
3:53
things
3:53
are
3:53
going.
3:53
You
3:53
think
3:54
we'll
3:54
get
3:54
the
3:54
inside
3:54
scoop
3:55
somehow?
3:56
Oh,
3:56
I.
3:56
I
3:57
think
3:57
so.
3:57
And
3:57
I
3:57
think
3:58
you
3:58
and
3:58
I
3:58
are
3:58
dialed
3:58
in
3:59
on.
3:59
On
3:59
the.
3:59
On
3:59
all
4:00
things
4:00
robotics.
4:00
But,
4:01
you
4:01
know,
4:01
I'm
4:02
taking.
4:02
I'm
4:02
taking
4:02
a
4:02
victory
4:03
lap
4:03
for
4:03
the
4:03
year
4:03
the
4:03
robot,
4:04
too.
4:04
And
4:04
I
4:04
may
4:04
not
4:04
be
4:04
the
4:05
retail
4:05
profit
4:06
Doug
4:06
Stevens,
4:06
but
4:07
I
4:07
think
4:07
I've
4:07
definitely
4:08
got
4:08
the
4:08
core.
4:08
I
4:09
think
4:09
I've
4:09
courted
4:09
the
4:09
market
4:09
on
4:10
the
4:10
Omnichannel,
4:10
Oracle,
4:11
and.
4:11
What
4:11
do
4:12
you
4:12
think?
4:12
Oh,
4:12
yeah,
4:14
I
4:15
do,
4:15
but
4:15
people
4:16
are
4:16
ditching
4:16
Omni
4:17
Channel,
4:17
Chris,
4:17
So
4:18
that's.
4:18
It's
4:18
got
4:19
a
4:19
short
4:19
lifespan.
4:19
You're
4:20
going
4:20
to
4:20
have
4:20
to
4:20
come
4:20
up
4:20
with
4:20
something
4:21
a
4:21
little
4:21
more
4:22
the
4:22
Unified
4:23
Commerce
4:23
unicorn.
4:24
Should
4:24
I
4:24
be
4:24
that?
4:25
Shout
4:25
out
4:25
to
4:25
my
4:25
friend
4:26
Ben
4:26
Miller.
4:26
He'll
4:26
appreciate
4:27
that
4:27
joke,
4:27
but.
4:30
All
4:30
right,
4:30
Ed.
4:30
Well,
4:30
should
4:31
we
4:31
do
4:31
this
4:31
week's
4:31
headlines?
4:32
Yeah,
4:32
let's
4:33
get
4:33
to
4:33
it.
4:34
All
4:34
right.
4:34
Awesome.
4:34
Today's
4:35
headlines
4:35
are
4:35
brought
4:35
to
4:36
you
4:36
by
4:36
Commerce
4:37
Next.
4:37
Join
4:38
Ann
4:38
and
4:38
me
4:38
at
4:38
Commerce
4:39
next
4:39
on
4:39
June
4:40
24
4:40
to
4:40
June
4:41
26
4:41
at
4:41
the
4:41
New
4:42
York
4:42
Hilton
4:43
Midtown.
4:43
It's
4:44
the
4:44
place
4:44
to
4:44
be
4:44
for
4:45
2,700
4:46
retail
4:46
innovators
4:47
with
4:47
75
4:48
plus
4:48
sessions
4:49
and
4:49
top
4:49
notch
4:49
networking.
4:50
Head
4:51
to
4:51
commercenext.com
4:52
and
4:52
use
4:52
code
4:53
omnitalk
4:53
all
4:54
one
4:54
word
4:54
for
4:55
10%
4:55
off
4:56
your
4:56
general
4:56
admission.
4:56
Or
4:57
if
4:57
you're
4:57
a
4:57
retailer
4:58
or
4:58
brand,
4:59
you
4:59
can
4:59
grab
4:59
a
5:00
free
5:00
ticket.
5:01
So
5:01
go
5:01
online,
5:02
register
5:03
and
5:03
don't
5:03
miss
5:03
it.
5:04
All
5:04
right
5:04
in
5:04
today's
5:05
Fast5.
5:06
And
5:06
we've
5:07
got
5:07
news
5:07
on
5:07
as
5:08
I
5:08
mentioned
5:08
before,
5:09
Ulta
5:09
Beauty
5:10
launching
5:10
a
5:10
new
5:11
digital
5:11
marketplace.
5:12
Wayfair
5:13
opening
5:13
its
5:13
second
5:14
large
5:14
format
5:15
store
5:15
in
5:15
Atlanta,
5:16
Klarna
5:16
becoming
5:17
Walmart's
5:17
exclusive
5:18
buy
5:19
now,
5:19
pay
5:19
later
5:20
partner
5:20
and
5:20
Marc
5:21
Lorre's
5:21
startup
5:22
Wonder
5:22
once
5:22
again
5:23
going
5:23
on
5:23
an
5:23
acquisition
5:24
spree,
5:25
this
5:25
time
5:25
acquiring
5:26
Tastemade
5:27
for
5:27
a
5:27
cool
5:28
$90
5:29
million.
5:29
But
5:30
we
5:30
begin
5:30
today
5:31
with
5:32
rather
5:32
interesting
5:33
news
5:33
out
5:33
of
5:33
Kroger
5:34
on
5:34
the
5:34
other
5:34
side
5:35
of
5:35
things.
5:35
And
5:36
yes,
5:37
let's
5:38
go
5:38
on
5:38
to
5:39
headline
5:39
number
5:39
one.
5:39
Chris
5:40
Kroger
5:40
is
5:41
launching
5:41
a
5:42
standalone
5:43
e
5:43
commerce
5:43
business
5:44
unit.
5:44
You
5:45
heard
5:45
it
5:45
right.
5:46
According
5:46
to
5:46
Grocery
5:47
Dive,
5:47
Kroger
5:47
has
5:47
formed
5:48
a
5:48
business
5:48
unit
5:48
centered
5:49
on
5:49
its
5:49
online
5:49
operations
5:50
and
5:51
promoted
5:51
its
5:52
chief
5:52
information
5:52
officer
5:53
to
5:53
head
5:54
the
5:54
new
5:54
team,
5:54
the
5:54
supermarket
5:55
chain
5:55
announced.
5:56
The
5:56
group
5:56
brings
5:57
together
5:57
the
5:57
personnel,
5:58
quote,
5:59
contributing
5:59
to
5:59
every
6:00
aspect
6:00
of
6:00
the
6:00
online
6:01
customer
6:01
experience,
6:02
end
6:02
quote.
6:02
For
6:02
Kroger.
6:03
Yael
6:04
Cosset,
6:05
who
6:05
previously
6:06
served
6:06
as
6:06
the
6:06
company's
6:07
chief
6:07
digital
6:07
officer
6:08
before
6:08
becoming
6:09
senior
6:09
vice
6:09
president
6:09
and
6:10
CIO
6:10
of
6:10
Kroger
6:11
in
6:11
2019,
6:12
will
6:12
lead
6:12
the
6:13
e
6:13
commerce
6:13
unit
6:14
as
6:14
executive
6:14
vice
6:15
president
6:15
and
6:15
chief
6:15
digital
6:16
officer.
6:17
Kroger
6:17
Chairman
6:18
and
6:18
newly
6:18
appointed
6:19
CEO
6:19
Ron
6:20
Sergeant
6:20
said
6:20
in
6:20
a
6:21
statement,
6:21
quote,
6:22
accelerating
6:22
Kroger's
6:23
e
6:23
commerce
6:23
growth
6:23
is
6:24
a
6:24
top
6:24
priority.
6:25
As
6:25
the
6:25
architect
6:25
of
6:26
Kroger's
6:26
digital
6:27
strategy,
6:27
Yale
6:27
will
6:28
continue
6:28
to
6:28
make
6:28
it
6:29
easier
6:29
for
6:29
customers
6:30
to
6:30
shop
6:30
our
6:30
fresh,
6:31
affordable
6:31
food,
6:32
end
6:32
quote.
6:33
Chris,
6:34
I
6:34
got
6:35
a
6:35
two
6:35
parter
6:36
double
6:36
header
6:37
for
6:37
you.
6:38
Two
6:38
parter
6:39
Number
6:39
one,
6:40
do
6:40
you
6:40
agree
6:40
with
6:41
Kroger's
6:41
decision
6:42
to
6:42
create
6:42
a
6:43
standalone
6:43
e
6:43
commerce
6:44
unit?
6:45
And
6:45
number
6:45
two,
6:46
you're
6:46
getting
6:46
the
6:46
A
6:46
and
6:46
M
6:46
put
6:47
you
6:47
on
6:47
the
6:47
spot
6:47
question,
6:48
which
6:48
is
6:50
it
6:50
seems
6:51
like
6:51
this
6:51
formal
6:52
organization
6:52
of
6:52
Kroger's
6:53
e
6:53
comm
6:54
business
6:54
is
6:55
long
6:55
overdue,
6:56
especially
6:56
with
6:56
the
6:57
ocado
6:57
struggles.
6:58
What
6:58
do
6:58
you
6:58
think
6:59
this
6:59
says
6:59
that
6:59
they
7:00
put
7:00
their
7:00
chief
7:00
information
7:01
officer
7:01
atop
7:02
it
7:02
versus
7:03
an
7:03
operational
7:04
leader?
7:05
Please.
7:06
All
7:06
right,
7:07
Dazzle,
7:07
nice
7:08
delivery
7:08
on
7:08
that
7:08
one
7:08
too.
7:09
And
7:09
to
7:09
get
7:09
this
7:09
show
7:10
started
7:10
off
7:10
right.
7:10
All
7:10
right,
7:11
man,
7:11
I'm
7:12
going
7:12
to
7:12
come
7:12
out
7:12
hot
7:13
on
7:13
this
7:13
one.
7:13
And
7:13
I
7:14
think
7:14
my
7:14
Buddy
7:14
Carl
7:15
on
7:15
LinkedIn
7:16
who
7:16
messaged
7:16
me
7:16
about
7:16
this
7:16
story,
7:17
you
7:17
know
7:17
I
7:17
have
7:17
two
7:17
friends
7:18
named
7:18
Carl
7:18
on,
7:19
you
7:19
know
7:19
that
7:19
with
7:20
K's
7:20
too,
7:20
which
7:20
is
7:20
just
7:20
random
7:22
Carl.
7:22
But
7:23
but
7:23
anyway,
7:23
I'm
7:24
coming
7:24
out
7:24
Hot.
7:24
I'm
7:24
coming
7:24
out
7:25
of
7:25
the
7:25
gates
7:25
hot
7:25
on
7:25
this
7:25
one.
7:26
And
7:26
first
7:27
off,
7:27
I.
7:28
I
7:28
don't
7:28
like
7:28
this
7:28
move
7:29
at
7:29
all.
7:30
And
7:30
secondly,
7:31
to
7:31
get
7:31
to
7:31
the
7:31
A
7:31
and
7:32
M
7:32
question,
7:33
I
7:34
don't
7:34
agree.
7:34
I
7:34
don't
7:35
agree
7:35
that
7:35
the
7:35
premise
7:36
of
7:36
this
7:36
move
7:36
is
7:37
long
7:37
overdue.
7:37
I
7:38
don't
7:38
agree
7:38
with
7:38
the
7:38
premise
7:38
that
7:39
this
7:39
move
7:39
is
7:39
long
7:39
overdue
7:40
either.
7:40
Really?
7:41
Okay,
7:42
Yeah,
7:42
I
7:42
do,
7:42
100%.
7:43
I
7:43
say
7:43
that
7:43
for
7:43
a
7:43
couple
7:43
of
7:43
reasons.
7:44
So,
7:44
one,
7:45
this
7:45
flies
7:45
in
7:45
the
7:46
face
7:46
of
7:46
whatever
7:46
you
7:46
want
7:46
to
7:47
call
7:47
it,
7:47
good
7:47
omnichannel,
7:48
unified
7:48
commerce,
7:49
whatever
7:49
the
7:49
heck
7:49
the
7:50
buzzword
7:50
is,
7:50
harmonized
7:51
retailing,
7:51
shout
7:52
out
7:52
to
7:52
Steve
7:52
Dennis.
7:52
It
7:53
flies
7:53
in
7:53
the
7:53
face
7:53
of
7:53
that.
7:54
It
7:54
just
7:54
does,
7:55
as
7:55
you
7:55
know.
7:56
And
7:56
this
7:56
is
7:56
coming
7:56
from
7:56
someone
7:57
who
7:57
piloted
7:58
an
7:58
omnichannel
7:59
organization
7:59
structure
8:00
at
8:00
Target
8:01
to
8:01
help
8:01
them
8:01
develop
8:01
their
8:02
omnichannel
8:02
approach,
8:03
an
8:03
approach
8:03
that
8:03
others
8:04
sense,
8:04
like
8:05
Walmart
8:05
have
8:05
adopted.
8:06
So
8:07
I
8:07
can
8:07
tell
8:07
you
8:07
firsthand,
8:08
this
8:08
is
8:08
really
8:09
the
8:09
only
8:09
way
8:09
to
8:09
go.
8:09
Because
8:10
doing
8:10
it,
8:10
doing
8:11
it
8:11
the
8:11
opposite
8:11
way
8:11
with
8:12
a
8:12
standalone
8:12
division
8:13
creates
8:13
all
8:13
kinds
8:14
of
8:14
disjointed
8:15
problems
8:15
in
8:15
the
8:15
organization.
8:16
So
8:17
just.
8:17
And
8:17
priorities.
8:18
Yeah,
8:18
yes,
8:19
Right,
8:20
priorities.
8:20
Everything
8:21
like,
8:21
yes,
8:22
focus.
8:22
You
8:22
start
8:23
getting
8:23
turf
8:23
battles,
8:24
everything.
8:24
So
8:24
strategically,
8:26
I
8:26
just
8:26
fundamentally
8:27
disagree
8:27
with
8:28
the
8:28
organizational
8:28
approach.
8:29
But
8:30
second,
8:30
I
8:30
think
8:30
there's
8:31
another
8:31
big
8:31
issue
8:32
here
8:32
and
8:32
that
8:33
it's
8:33
that
8:33
I
8:33
worry
8:34
that
8:34
Kroger
8:35
is
8:36
falling
8:36
into
8:36
what
8:36
I
8:36
call
8:37
what
8:37
what
8:37
many
8:37
would
8:38
call
8:38
the
8:38
sunk
8:38
cost
8:39
trap.
8:40
They
8:41
made
8:41
the
8:41
big
8:41
Ocado
8:42
investment.
8:42
They
8:43
don't
8:43
appear
8:43
to
8:43
have
8:43
gotten
8:44
the
8:44
return
8:44
that
8:44
they
8:45
wanted.
8:45
So
8:45
now
8:46
they're
8:46
throwing
8:46
good
8:46
money
8:47
after
8:47
bad
8:47
and
8:48
good
8:48
people
8:49
after
8:49
bad.
8:49
So
8:50
it's
8:50
a
8:50
classic
8:50
case
8:51
from
8:51
the
8:51
first
8:52
year
8:52
of
8:52
business
8:52
school
8:52
of
8:53
what
8:53
not
8:53
to
8:53
do
8:54
because
8:54
you're
8:55
doubling
8:55
down
8:55
on
8:56
trying
8:56
to
8:56
fix
8:56
the
8:56
mistakes
8:57
of
8:57
your
8:57
past.
8:58
Which
8:58
also
8:58
explains
8:59
why
8:59
they're
8:59
putting
8:59
someone
9:00
that
9:00
they
9:00
trust
9:01
with
9:01
a
9:01
good
9:01
track
9:02
record
9:02
to
9:02
try
9:02
to
9:02
fix
9:03
it.
9:03
But
9:03
to
9:03
A
9:03
M's
9:04
question,
9:05
how
9:05
much.
9:05
How
9:06
much
9:06
can
9:06
a
9:06
digital
9:07
guy
9:07
fix
9:07
what
9:08
is
9:08
essentially
9:08
a
9:09
piece,
9:09
that
9:09
being
9:09
ocado,
9:10
of
9:11
a
9:11
much
9:11
larger
9:12
puzzle
9:13
for
9:13
how
9:13
Kroger
9:14
gives
9:14
its
9:14
consumers
9:14
what
9:15
they
9:15
want.
9:16
So
9:16
this
9:16
move,
9:17
you
9:17
know,
9:17
net.
9:17
Net,
9:18
particularly
9:18
in
9:18
the
9:18
absence
9:19
of
9:19
a
9:19
former
9:20
CEO
9:21
or
9:22
the
9:22
absence,
9:22
there's,
9:23
you
9:23
know,
9:23
they
9:23
just
9:23
had
9:23
to
9:23
get
9:23
rid
9:24
of
9:24
their
9:24
CEO
9:24
so
9:24
they
9:24
have
9:25
to
9:25
see
9:25
some
9:25
guy
9:25
in
9:25
place.
9:26
Right.
9:26
It
9:26
seems
9:27
like.
9:27
I
9:27
mean,
9:27
this
9:28
seems
9:28
like
9:28
it
9:28
could
9:28
be
9:28
the
9:28
start
9:29
of
9:29
a
9:29
dumpster
9:29
fire,
9:30
to
9:30
be
9:30
honest.
9:30
I
9:31
just
9:31
don't
9:31
get
9:32
this
9:32
at
9:32
all.
9:32
And.
9:33
But
9:33
I
9:33
don't
9:33
know.
9:34
What
9:34
do
9:34
you
9:34
think?
9:34
Talk
9:34
me
9:34
off
9:34
the
9:35
leg?
9:35
No,
9:35
I
9:36
think
9:36
this
9:36
is
9:36
a
9:36
really
9:36
Dubious.
9:37
I'm
9:37
not
9:37
going
9:37
to
9:37
talk
9:37
you
9:38
off
9:38
the
9:38
ledge
9:38
today,
9:39
Chris.
9:39
No,
9:39
because
9:39
you're
9:40
not
9:40
going
9:40
to
9:40
be
9:40
my
9:40
balance.
9:41
No,
9:42
because
9:42
this,
9:42
to
9:43
me,
9:43
felt
9:43
like
9:43
a
9:43
move
9:44
that
9:44
you
9:44
would
9:44
make
9:44
in
9:44
1999.
9:45
Like,
9:46
the.
9:46
The
9:47
real
9:47
problem
9:48
for
9:49
me
9:49
in
9:49
this,
9:49
in
9:50
this
9:50
whole
9:50
story
9:51
is
9:52
every
9:52
aspect
9:53
of
9:53
the
9:53
online
9:54
customer
9:54
experience.
9:55
Like,
9:55
yeah,
9:56
that's
9:56
the
9:56
problem
9:57
here.
9:57
It
9:57
should.
9:58
I
9:58
don't
9:58
think
9:58
we
9:58
can
9:58
think
9:59
in
9:59
channels
9:59
like
10:00
this
10:00
anymore.
10:00
I
10:00
mean,
10:01
that's
10:01
the
10:01
whole
10:01
point
10:01
of
10:02
this
10:02
move
10:02
towards
10:03
unified
10:03
commerce.
10:03
Like,
10:04
people
10:04
aren't
10:04
just
10:05
doing.
10:05
No,
10:06
no.
10:06
Consumer
10:07
of
10:07
Kroger
10:07
is
10:08
just
10:08
shopping
10:08
online
10:08
or
10:09
just
10:09
shopping
10:09
in
10:10
store.
10:10
It's
10:10
about
10:11
the
10:11
total
10:11
experience.
10:12
And
10:13
the
10:13
success
10:13
of
10:14
any
10:14
of
10:14
these
10:14
grocery
10:15
businesses
10:15
depends
10:16
on
10:16
a
10:16
strategy
10:17
that's
10:17
focused
10:17
on,
10:18
you
10:18
know,
10:18
meeting
10:19
the
10:19
customer
10:19
at
10:19
all
10:19
these
10:20
touch
10:20
points.
10:20
So
10:21
I
10:21
think
10:21
it's.
10:22
It
10:22
just
10:22
seems
10:23
strange.
10:23
The
10:23
other
10:24
thing
10:24
that
10:25
I
10:25
would
10:25
add
10:26
is
10:26
Yale
10:27
has
10:27
been
10:27
in
10:28
this
10:28
role
10:28
at
10:29
Kroger.
10:29
He's
10:29
done
10:29
a
10:29
tremendous
10:30
job,
10:30
but
10:31
look
10:31
at
10:31
all
10:31
the
10:32
stuff
10:32
that
10:32
he
10:32
has
10:32
underneath
10:33
him,
10:33
too.
10:34
Oh,
10:35
go
10:35
ahead.
10:35
No,
10:36
no,
10:36
you
10:36
keep
10:36
going.
10:36
No,
10:37
you
10:37
got.
10:37
No,
10:37
I'm
10:37
right
10:38
with
10:38
you.
10:38
You
10:38
keep
10:38
going.
10:39
Yeah.
10:39
Like,
10:40
he's
10:40
in
10:40
charge
10:41
of
10:41
Retail
10:42
Media,
10:43
8451
10:44
Insights
10:44
and
10:44
Content,
10:45
Financial
10:46
services,
10:46
personal
10:47
finance.
10:48
Like,
10:48
how
10:49
I
10:49
get
10:50
that
10:50
you
10:50
have
10:50
to
10:50
ladder
10:51
up
10:51
and
10:51
there's
10:51
people
10:51
that
10:51
are
10:52
underneath
10:52
him.
10:52
But
10:53
again,
10:53
this
10:53
just
10:53
seems
10:54
like
10:54
way
10:54
too
10:54
many
10:55
competing
10:55
priorities.
10:56
And
10:56
especially
10:57
when
10:57
you
10:57
throw
10:57
things
10:57
like
10:57
retail
10:58
media
10:58
and
10:59
like,
10:59
insights
10:59
and
11:00
content
11:00
and
11:00
financial
11:01
services
11:01
into
11:01
the
11:01
mix.
11:02
Like,
11:02
those
11:02
are
11:02
huge
11:03
sources
11:03
of
11:04
revenue
11:04
for
11:04
Kroger
11:05
and
11:05
for
11:05
any
11:06
future
11:06
that
11:06
Kroger
11:07
has.
11:07
And
11:07
so
11:08
I
11:08
feel
11:08
like
11:08
this
11:09
is.
11:09
This
11:09
is
11:09
just
11:09
asking
11:10
too
11:10
much
11:11
of
11:11
one
11:11
person.
11:12
And
11:12
in
11:12
a
11:13
way
11:13
that
11:13
just
11:13
exactly
11:14
like
11:14
you
11:14
said,
11:14
Chris,
11:15
like,
11:15
there's
11:15
too
11:15
many
11:15
competing
11:16
interests,
11:17
priorities.
11:18
And
11:19
I
11:19
don't
11:20
know
11:20
how
11:20
you
11:21
set
11:21
Yale
11:21
up
11:22
here
11:22
for
11:22
success,
11:23
but
11:24
it
11:24
just.
11:24
It
11:24
seems
11:25
like
11:25
the.
11:25
The
11:26
totally
11:27
wrong
11:27
way
11:27
to
11:28
be
11:28
thinking
11:28
about
11:28
it.
11:30
And
11:30
especially
11:30
given,
11:31
you
11:31
know,
11:31
coming
11:32
out
11:32
of
11:32
all
11:32
the
11:33
news
11:33
that's
11:33
happened
11:34
at
11:34
KRoger
11:34
with
11:34
the
11:34
CEO
11:35
leaving,
11:35
the
11:35
failed
11:36
merger
11:36
with
11:36
Albertsons,
11:37
like,
11:37
it
11:37
just
11:37
feels
11:38
like
11:38
a
11:39
place
11:39
where
11:39
they're.
11:39
They're
11:40
just,
11:40
like,
11:41
putting
11:41
all
11:41
their
11:41
faith
11:41
in
11:42
Yale
11:42
and
11:42
not
11:42
setting
11:43
them
11:43
up
11:43
for
11:43
success.
11:44
Yeah.
11:44
And
11:45
what
11:45
I
11:45
was
11:45
going
11:45
to
11:45
say,
11:45
what
11:46
you
11:46
got
11:46
me
11:46
thinking
11:46
about,
11:46
too,
11:47
is
11:47
like,
11:47
I
11:47
actually.
11:48
There's
11:48
a
11:48
little
11:48
bit
11:49
from
11:49
this
11:49
story
11:49
that
11:49
actually
11:49
makes
11:50
me
11:50
question
11:50
how
11:50
well
11:51
Yale
11:51
is
11:51
actually
11:52
done
11:52
in
11:52
his
11:52
job,
11:52
too.
11:53
Because
11:53
if
11:53
you
11:53
think
11:53
about.
11:54
If
11:54
you
11:54
think
11:54
about
11:54
meeting
11:55
the
11:55
needs
11:55
of
11:55
the
11:55
omnichannel
11:56
consumer.
11:56
Right.
11:57
There's
11:57
the
11:57
front
11:58
end
11:58
side
11:58
of
11:58
it
11:58
and
11:59
there's
11:59
the
11:59
back
11:59
end
11:59
side
11:59
of
12:00
it.
12:00
The
12:00
back
12:01
inside
12:01
of
12:01
it
12:01
clearly
12:01
hasn't
12:02
been
12:02
working.
12:02
But
12:02
you're
12:02
saddled
12:03
with
12:03
a
12:03
big
12:03
investment
12:04
that
12:04
you
12:04
made
12:04
where
12:04
the
12:05
infrastructure
12:05
is
12:05
the
12:06
infrastructure.
12:06
So
12:06
there's
12:06
only
12:07
so
12:07
much
12:07
you
12:07
can
12:07
do
12:07
about
12:08
that.
12:08
So
12:08
then
12:08
you
12:09
get,
12:09
then
12:09
you
12:09
start
12:09
to
12:10
say
12:10
to
12:10
yourself,
12:10
okay,
12:11
was
12:11
it
12:11
not
12:11
working
12:11
because
12:12
they
12:12
haven't
12:12
marketed
12:12
right
12:13
or
12:13
they
12:13
don't
12:13
have
12:13
the
12:13
experience
12:14
right.
12:15
To,
12:15
to
12:16
get
12:16
the
12:16
volume
12:16
they
12:17
need
12:17
to
12:17
make
12:17
the
12:18
investment
12:18
pay
12:18
off
12:19
in
12:19
the
12:19
way
12:19
that
12:19
they
12:19
want?
12:20
So,
12:21
so
12:21
it's
12:21
one
12:22
of
12:22
those,
12:22
you
12:22
know,
12:22
it's
12:23
one
12:23
of
12:23
those
12:23
two
12:23
things.
12:24
And
12:24
so
12:24
like
12:24
if
12:24
it's
12:24
the,
12:25
if
12:25
it's
12:25
the
12:25
latter,
12:25
then
12:26
you're
12:26
like,
12:26
well,
12:26
wait
12:26
a
12:27
second,
12:27
is
12:27
this
12:27
the
12:27
guy,
12:27
the
12:28
right
12:28
guy
12:28
to
12:28
run
12:28
it?
12:28
If
12:28
they
12:28
haven't
12:29
been
12:29
able
12:29
to
12:29
figure
12:29
out
12:29
the
12:29
marketing
12:30
and
12:30
the
12:30
front
12:30
end
12:30
experience
12:31
of
12:31
this,
12:32
to
12:32
make
12:32
it
12:32
work
12:32
and
12:33
to
12:33
get
12:33
it
12:33
in
12:33
the
12:33
consumer,
12:34
because
12:34
they've
12:34
tried
12:34
these
12:34
online
12:35
only
12:35
plays
12:36
in
12:36
markets
12:36
and
12:36
they've
12:37
had
12:37
to
12:37
shut
12:37
those
12:37
down,
12:37
they've
12:38
had
12:38
to
12:38
close
12:38
facilities.
12:39
So
12:39
for
12:39
some
12:40
reason
12:40
they're
12:41
not
12:41
getting,
12:41
even
12:42
though
12:42
they're
12:42
talking
12:42
about
12:42
how
12:43
much
12:43
their
12:43
digital
12:43
volume
12:44
is
12:44
growing,
12:44
it's
12:45
not
12:45
growing
12:45
to
12:45
the
12:46
extent
12:46
that
12:46
they
12:46
actually
12:47
want
12:47
to
12:48
make
12:48
this
12:48
a
12:48
cardo
12:49
investment
12:49
pay
12:49
off
12:49
in
12:49
the
12:50
way
12:50
that
12:50
they
12:50
want
12:50
in
12:51
the
12:51
right
12:51
areas
12:51
of
12:51
the
12:51
country.
12:52
So,
12:52
so
12:53
there's
12:53
just
12:54
so
12:54
much
12:54
going
12:54
on
12:54
here,
12:55
which
12:55
makes
12:55
this
12:55
story
12:56
so
12:56
bizarre
12:57
to
12:57
me.
12:58
Yeah,
12:58
I
12:59
totally
12:59
agree.
12:59
Yeah,
13:00
I
13:00
mean,
13:00
oh,
13:01
good
13:01
luck
13:01
to
13:01
you,
13:02
Kroger
13:02
team.
13:02
I
13:02
don't
13:03
know
13:03
what
13:03
else
13:03
to
13:03
say
13:03
at
13:04
this
13:04
point.
13:05
Yeah,
13:05
it
13:05
sounds
13:05
like,
13:05
I
13:05
mean,
13:06
God,
13:06
they
13:06
got
13:06
to
13:06
get
13:06
somebody
13:06
in
13:07
there
13:07
quick
13:07
now
13:07
because
13:08
this
13:08
could
13:08
just
13:08
blow
13:08
up
13:09
in
13:09
their
13:09
face
13:09
here
13:09
over
13:09
time.
13:10
All
13:10
right,
13:10
headline
13:11
number
13:11
two.
13:11
Ulta
13:12
Beauty
13:12
is
13:12
launching
13:13
a
13:13
third
13:13
party
13:14
marketplace.
13:15
According
13:15
to
13:15
Chainstorage.
13:16
On
13:16
a
13:16
dedicated
13:17
page
13:17
of
13:17
its
13:17
E
13:17
commerce
13:18
site,
13:18
Ulta
13:19
Beauty
13:19
announced
13:19
that
13:20
Ulta
13:20
Beauty
13:21
Marketplace
13:21
is
13:21
scheduled
13:22
to
13:22
open
13:22
in
13:22
the
13:23
fall
13:23
of
13:23
2025.
13:24
The
13:25
retailer
13:25
said
13:25
that
13:25
the
13:25
marketplace
13:26
will
13:26
be
13:26
a
13:26
curated
13:27
platform
13:27
offering.
13:28
Is
13:29
any
13:29
marketplace
13:29
ever
13:29
not
13:29
curated,
13:30
by
13:30
the
13:30
way?
13:30
And
13:31
a
13:31
curated
13:31
platform
13:32
on.
13:32
I
13:32
think
13:32
it's
13:32
a
13:32
dig
13:33
towards
13:33
Walmart.
13:34
I
13:34
think
13:34
people
13:34
just
13:35
say
13:35
curated
13:35
platform.
13:35
Walmart
13:36
and
13:36
Amaz
13:36
because
13:37
they're
13:37
just
13:37
like
13:37
Walmart
13:37
and
13:38
Amazon
13:38
will
13:38
let
13:38
anybody
13:39
on
13:39
the
13:39
platform.
13:40
So
13:41
that's
13:41
what
13:41
I
13:41
get.
13:41
Take
13:42
from
13:42
that
13:42
side.
13:43
I
13:43
think
13:43
it's
13:43
a
13:43
merchant
13:43
thing
13:44
too.
13:44
Honestly,
13:44
too.
13:45
I
13:45
think
13:45
it's
13:45
both.
13:46
And
13:46
they
13:47
kind
13:47
of
13:47
cut
13:47
from
13:47
the
13:47
same
13:47
cloth
13:48
too.
13:48
But
13:48
the
13:49
platform
13:49
will
13:49
offer
13:49
a
13:50
quote
13:50
cutting.
13:51
Will
13:51
offer
13:51
quote
13:51
cutting
13:52
Edge
13:52
tools
13:53
and
13:53
powerful
13:54
tech
13:54
end
13:54
quote.
13:55
As
13:55
well
13:55
as
13:55
dedicated
13:56
support
13:56
from
13:56
a
13:56
Marketplace
13:57
team.
13:57
Ulta
13:58
is
13:58
accepting
13:58
applications
13:59
via
13:59
a
14:00
digital
14:00
form
14:00
on
14:00
its
14:01
site
14:01
and
14:01
said
14:01
more
14:01
information
14:02
is
14:02
coming
14:03
soon.
14:03
Ulta
14:04
Beauty
14:04
Marketplace
14:04
also
14:05
runs
14:05
on
14:05
a
14:05
platform
14:06
from
14:06
digital
14:06
marketplace
14:07
technology
14:07
provider
14:08
Miracle,
14:09
a
14:09
longtime
14:10
sponsor
14:10
of
14:10
this
14:11
podcast,
14:11
I
14:11
might
14:11
add.
14:12
And
14:13
what
14:13
do
14:13
you
14:13
think
14:14
is
14:14
propelling
14:14
Ulta
14:15
to
14:15
jump
14:15
on
14:16
the
14:16
Marketplace
14:16
bandwagon?
14:17
Like
14:17
so
14:18
many
14:18
others,
14:19
this
14:19
is
14:19
such
14:19
a
14:20
smart
14:20
move
14:21
because
14:22
for
14:22
the
14:22
first
14:22
time
14:22
as
14:23
an
14:23
Ulta
14:23
customer,
14:24
it
14:24
allows
14:25
me
14:25
to
14:25
access
14:26
all
14:26
of
14:26
the
14:27
makeup
14:27
and
14:28
health
14:28
and
14:28
beauty
14:28
and
14:29
wellness
14:29
products
14:29
that
14:29
I
14:30
want
14:30
in
14:30
one
14:30
spot.
14:31
There's
14:32
still,
14:32
you
14:32
know,
14:33
it's,
14:33
it's
14:33
just
14:34
like
14:34
the
14:34
grow.
14:34
It's
14:35
very
14:35
analogous
14:36
to
14:36
grocery.
14:36
Like,
14:37
I
14:37
can't
14:37
get
14:38
all
14:38
my
14:38
groceries
14:39
at
14:39
Kroger
14:40
or
14:40
at
14:41
Walmart.
14:42
I
14:42
still
14:42
make
14:42
a
14:42
stop
14:43
at
14:43
Trader
14:43
Joe's
14:43
or
14:43
Sprouts
14:44
or
14:44
these
14:44
other
14:44
places.
14:45
And
14:45
that's
14:45
still
14:45
very
14:45
much
14:46
the
14:46
case
14:46
when
14:47
it
14:47
comes
14:47
to
14:47
beauty.
14:48
And
14:48
so
14:48
what
14:48
I
14:48
love
14:49
about
14:49
this
14:49
is
14:49
that
14:49
it
14:49
allows
14:50
me
14:50
now
14:50
to,
14:51
you
14:51
know,
14:51
get
14:52
the,
14:52
the
14:53
like
14:53
luxury
14:54
cosmetics
14:54
brands
14:55
that
14:55
I
14:55
shop
14:55
at
14:55
Ulta
14:56
for,
14:56
but
14:56
then
14:57
it
14:57
also
14:57
gives
14:57
me
14:57
access
14:58
to
14:58
all
14:58
of
14:58
these
14:58
D2C
14:59
brands.
15:00
It
15:00
also
15:00
gives
15:00
me
15:00
access
15:01
potentially
15:01
to
15:02
drug
15:02
brand
15:02
brands
15:03
too.
15:03
And
15:04
I
15:04
can
15:04
use
15:05
my
15:05
Ulta
15:05
loyalty
15:06
points
15:06
on
15:07
this
15:07
stuff,
15:07
like
15:07
it's
15:08
taking
15:08
and
15:08
making
15:09
the
15:09
best
15:10
possible
15:10
shopping
15:11
experience
15:11
for
15:11
me.
15:12
Not
15:12
to
15:12
mention
15:13
there's
15:13
all
15:13
the
15:13
money
15:14
they
15:14
can
15:14
make
15:14
from
15:14
retail
15:15
media
15:15
from
15:15
all
15:15
of
15:15
these
15:16
new
15:16
brands
15:16
that
15:16
they're
15:16
bringing
15:17
on
15:17
their
15:17
platform.
15:18
And
15:18
finally,
15:19
I
15:19
think
15:19
the
15:20
beauty
15:20
of
15:20
this
15:21
is
15:21
that
15:21
never
15:22
before
15:23
has
15:23
a
15:23
retailer
15:24
in
15:24
this
15:24
category
15:25
been
15:26
able
15:26
to
15:26
see
15:26
some
15:27
of
15:27
the
15:27
adjacencies
15:28
that
15:28
are
15:28
happening
15:29
with
15:29
their
15:30
brand
15:30
that
15:31
with
15:31
products
15:32
that
15:32
are
15:32
outside
15:32
their
15:32
four
15:33
walls.
15:33
Like,
15:33
Ulta
15:34
knows
15:34
that
15:34
I
15:34
buy
15:35
this
15:35
moisturizer
15:36
and
15:36
this
15:37
foundation
15:37
and
15:38
this
15:38
concealer.
15:39
But
15:39
they
15:39
haven't
15:39
been
15:39
able
15:39
to
15:40
see,
15:40
like,
15:40
what
15:40
products
15:40
am
15:41
I
15:41
shopping
15:41
for
15:41
in
15:42
drug.
15:42
What
15:42
products
15:43
am
15:43
I
15:43
shopping
15:44
for
15:44
online
15:44
with
15:45
like
15:45
a
15:45
specialty
15:46
retailer?
15:46
And
15:46
so
15:46
I
15:46
think
15:47
this
15:47
is
15:47
just
15:48
creating
15:48
a
15:48
flywheel
15:49
for
15:49
Ulta
15:49
that
15:50
will
15:50
just
15:50
propel
15:51
them
15:51
into
15:51
the
15:52
future.
15:52
And
15:52
I,
15:53
I
15:53
absolutely
15:54
love
15:54
it.
15:54
But
15:55
Chris,
15:55
I'm
15:55
not
15:56
the
15:56
merchant
15:56
of
15:56
the
15:56
group.
15:57
So
15:57
tell
15:57
me
15:57
what
15:58
your
15:58
thoughts
15:58
are.
15:58
Like,
15:59
what
15:59
are
15:59
there
16:00
complexities
16:00
to
16:00
this
16:01
that
16:01
I'm
16:01
not
16:01
thinking
16:02
about
16:02
when
16:02
it
16:02
comes
16:03
to
16:03
like
16:03
the
16:04
curated
16:04
marketplace?
16:06
No,
16:06
I
16:06
think
16:06
you
16:06
nailed,
16:07
I
16:07
think,
16:07
I
16:07
mean,
16:07
I
16:07
thought
16:07
you,
16:08
I
16:08
thought
16:08
you
16:08
nailed
16:08
it.
16:08
I
16:09
think
16:09
you
16:09
know
16:09
what
16:09
you're
16:09
essentially
16:10
getting
16:10
at.
16:10
And
16:10
I
16:11
was
16:11
going
16:11
to
16:11
bring
16:11
this
16:11
up
16:11
later,
16:12
but
16:12
you
16:12
actually
16:12
made
16:12
me
16:12
think
16:12
about
16:12
it
16:13
now.
16:13
I
16:13
was
16:13
going
16:13
to
16:13
bring
16:13
it
16:13
up
16:13
in
16:14
the
16:14
fifth
16:14
headline,
16:14
but,
16:15
you
16:15
know,
16:15
I
16:15
go
16:15
back
16:15
to
16:15
the
16:15
podcast
16:16
we
16:16
did
16:16
with
16:16
Claire
16:16
Cherry
16:17
on
16:17
Investor
16:17
perspectives
16:18
in
16:18
retail,
16:19
and
16:19
if
16:19
you
16:19
haven't
16:19
listened
16:19
to
16:19
that,
16:20
folks,
16:20
it's
16:20
a
16:20
really
16:20
great
16:20
one.
16:21
And
16:21
she
16:21
changed
16:22
my
16:22
thinking
16:22
about
16:23
many
16:23
of
16:23
the
16:23
trends
16:23
that
16:23
are
16:24
happening,
16:24
or
16:24
at
16:24
least
16:24
opened
16:25
my
16:25
eyes
16:25
to
16:25
them.
16:25
And,
16:25
you
16:26
know,
16:26
I
16:26
think
16:26
what
16:26
you're
16:26
getting
16:26
at
16:26
here
16:27
is
16:27
there's
16:28
so
16:28
much
16:28
activity
16:29
on
16:29
social
16:29
media,
16:29
so
16:29
many
16:30
startup
16:30
brands
16:30
on
16:30
kind
16:31
of
16:31
the
16:31
hell,
16:32
the
16:32
kind
16:32
of
16:32
the
16:33
food
16:33
or
16:33
beauty
16:33
products
16:34
as
16:34
medicine
16:35
kind
16:35
of
16:35
trend
16:35
like
16:35
to.
16:36
For
16:36
healthy,
16:37
live,
16:37
healthier
16:37
living.
16:38
Right?
16:38
Yeah.
16:38
So
16:39
as
16:39
a,
16:39
as
16:39
Ulta,
16:40
there's
16:40
no
16:40
way
16:41
that
16:41
you
16:41
can
16:41
keep
16:41
up
16:42
on
16:42
those.
16:42
And
16:43
there's
16:43
no
16:43
way
16:43
also
16:44
you
16:44
don't
16:44
want
16:44
to
16:45
invest
16:45
in
16:45
them
16:45
on
16:45
a
16:46
national
16:46
nationwide
16:47
store
16:47
rollout
16:47
either.
16:48
It's
16:48
just
16:48
silly.
16:48
So
16:49
you.
16:49
But
16:49
you
16:49
want
16:49
to
16:49
give
16:49
your
16:50
customer
16:50
access
16:50
to
16:51
those,
16:51
and
16:51
that's
16:51
essentially
16:52
what
16:52
they're
16:52
doing
16:52
here.
16:53
So
16:53
I
16:53
don't
16:53
know.
16:54
And
16:54
I
16:54
come
16:54
back
16:54
to
16:54
it.
16:55
So
16:55
the
16:55
other
16:55
point
16:55
that
16:55
I
16:56
make
16:56
too,
16:56
is
16:56
we've
16:57
talked
16:57
about
16:57
this
16:57
being
16:57
the
16:58
year
16:58
of
16:58
the
16:58
robot.
16:58
My
16:59
God,
16:59
it's
16:59
also
16:59
the
16:59
year
16:59
of
17:00
the
17:00
marketplace.
17:00
I
17:01
mean,
17:01
in
17:01
the
17:01
last
17:02
three
17:02
months,
17:02
since
17:02
the
17:03
start
17:03
of
17:03
2025,
17:03
we've
17:04
got
17:04
best
17:04
Buy,
17:04
Janie
17:05
and
17:05
Jack,
17:05
now
17:06
Ulta.
17:06
And
17:07
for
17:07
me,
17:07
I
17:08
mean,
17:08
ultimately,
17:08
to
17:08
me,
17:09
I
17:09
think
17:09
the
17:09
rationale
17:10
for
17:10
a
17:10
marketplace
17:11
is
17:11
so
17:11
simple
17:11
for
17:11
the
17:12
reason,
17:12
and
17:12
it
17:12
goes
17:13
to
17:13
what
17:13
you
17:13
were
17:13
just
17:13
saying,
17:14
but
17:14
they're
17:14
much
17:15
easier
17:15
to
17:15
do
17:15
than
17:15
they
17:15
ever
17:16
were
17:16
before,
17:16
you
17:17
know,
17:17
and
17:17
hence,
17:18
because
17:18
of
17:18
companies
17:19
like
17:19
Miracle,
17:19
they
17:20
just
17:20
make
17:20
standing
17:20
them
17:20
up
17:21
much,
17:21
much
17:21
easier.
17:21
Right.
17:22
Two,
17:23
as
17:23
a
17:23
retailer,
17:24
to
17:24
your
17:24
point,
17:24
you
17:24
don't
17:24
own
17:24
the
17:25
inventory,
17:26
so
17:26
you
17:26
can
17:26
give
17:26
your
17:26
customers
17:27
more
17:27
options,
17:27
which
17:28
digital,
17:28
as
17:29
we've
17:29
said
17:29
a
17:29
thousand
17:30
times,
17:30
and
17:30
you
17:30
hit
17:30
on
17:30
this
17:30
too,
17:31
is
17:31
about
17:31
personalization
17:32
and
17:32
options,
17:33
and
17:33
therefore
17:34
you
17:34
get
17:35
high
17:35
added
17:36
margin
17:36
from
17:36
doing
17:37
this.
17:37
And
17:37
then
17:38
third,
17:38
which
17:38
is
17:38
the
17:38
point
17:38
we
17:39
haven't
17:39
really
17:39
talked
17:39
about
17:39
yet,
17:40
third
17:40
is
17:40
retail
17:41
media,
17:41
like
17:42
Ulta's,
17:42
growth
17:43
is
17:43
slowing.
17:43
So
17:44
it
17:44
wants
17:44
sales
17:44
and
17:45
retail
17:45
media
17:45
to
17:46
be
17:46
the
17:46
bump
17:46
to
17:47
help
17:47
juice
17:47
its
17:47
performance,
17:48
clear
17:48
and
17:48
simple.
17:49
And
17:49
I
17:49
think
17:49
every
17:50
retailer
17:50
is
17:50
starting
17:50
to
17:50
see
17:51
that.
17:51
And
17:51
that's
17:52
why
17:52
you're
17:52
seeing
17:52
this
17:52
growth.
17:52
And
17:53
that's
17:53
why,
17:53
I
17:53
mean,
17:53
honestly,
17:54
2025,
17:55
man,
17:55
it's
17:55
explosive
17:56
on
17:56
the
17:56
marketplace
17:56
front.
17:57
Yeah,
17:57
Yeah,
17:58
I,
17:58
I
17:58
am
17:59
very,
17:59
very
18:00
happy
18:00
with
18:00
this.
18:00
And
18:01
you're
18:01
pumped
18:01
about
18:01
this?
18:02
I
18:02
am.
18:02
Well,
18:02
I
18:03
just,
18:03
I
18:03
think
18:03
that
18:03
the
18:03
loyalty
18:04
angle
18:04
is
18:05
so
18:05
smart,
18:05
too.
18:06
Like,
18:06
I
18:06
think
18:07
this
18:07
is
18:07
the
18:07
category
18:08
where
18:08
loyalty
18:09
really,
18:09
really
18:10
matters.
18:11
And
18:11
the
18:12
points
18:12
that
18:12
you
18:12
get,
18:12
like
18:13
my,
18:13
my
18:13
purchasing
18:14
decisions
18:14
in
18:14
the
18:15
locations
18:15
that
18:15
I'm
18:15
choosing
18:16
to
18:16
purchase
18:16
from
18:17
are
18:17
driven
18:17
by
18:18
my
18:18
loyalty
18:18
points
18:19
that
18:19
are
18:19
associated
18:20
with,
18:20
you
18:20
know,
18:21
with
18:21
Ulta.
18:21
So
18:22
I'm
18:22
making
18:23
choices
18:23
about
18:23
that.
18:24
And
18:24
now
18:24
that
18:24
I
18:24
have
18:24
so
18:25
much
18:25
more
18:25
to
18:25
choose
18:26
from
18:26
from
18:27
the
18:27
online
18:27
marketplace
18:28
and
18:29
being
18:29
able
18:29
to
18:29
get
18:29
all
18:29
those
18:30
brands
18:30
in
18:30
one
18:30
spot,
18:30
I
18:30
think
18:31
is,
18:31
is
18:31
another
18:32
thing
18:32
that
18:32
you
18:32
can't
18:32
discount
18:33
here
18:33
with
18:33
the,
18:33
with
18:34
the
18:34
marketplace
18:34
standing
18:35
up.
18:35
And
18:36
to
18:36
your
18:36
point
18:36
before
18:36
too,
18:37
like
18:37
if
18:37
I
18:37
know
18:37
that,
18:38
if
18:38
I
18:38
know.
18:38
And
18:38
so
18:39
like
18:39
for
18:39
example,
18:39
if
18:39
I
18:39
know
18:39
you're
18:40
buying
18:40
a
18:40
beauty
18:40
product,
18:41
like
18:41
I
18:41
imagine
18:42
there's
18:42
some
18:42
correlation
18:43
there
18:43
with
18:43
what
18:43
food
18:43
you
18:44
want
18:44
to
18:44
buy.
18:44
So
18:44
the
18:44
CPGs
18:45
are
18:45
going
18:45
to
18:45
probably
18:46
want
18:46
to
18:46
advertise
18:47
on
18:47
this
18:48
platform
18:48
from
18:49
a
18:49
retail
18:49
media
18:49
perspective.
18:50
So,
18:50
so
18:51
I
18:51
mean
18:51
it
18:51
just,
18:51
it
18:52
just
18:52
gives
18:52
so
18:52
many
18:52
angles
18:53
to
18:53
scale,
18:53
you
18:53
know,
18:53
the
18:54
retail
18:54
media
18:54
play
18:55
as
18:55
well.
18:55
It's
18:55
fascinating.
18:56
Yeah,
18:56
high
18:57
frequency,
18:57
it's
18:58
like,
18:58
it
18:58
makes
18:58
so
18:59
much
18:59
sense
18:59
especially
19:00
coming
19:00
out
19:00
of
19:01
grocery,
19:01
like
19:02
this
19:02
is
19:02
the
19:02
next
19:02
high
19:03
frequency
19:04
place
19:04
that
19:04
you're
19:05
purchasing
19:05
over
19:06
and
19:06
over
19:06
and
19:06
over
19:06
again.
19:06
And
19:06
so
19:07
the
19:07
data
19:07
is,
19:07
you
19:08
know,
19:08
almost
19:08
as
19:09
valuable
19:09
now
19:10
as
19:10
grocery
19:11
store
19:11
data.
19:11
It's
19:11
like
19:12
one
19:12
of
19:12
the
19:12
second
19:13
categories
19:13
that
19:13
people,
19:14
after
19:14
that,
19:15
that
19:15
people
19:15
are
19:15
shopping
19:16
again
19:16
and
19:16
again
19:16
and
19:16
again.
19:17
So.
19:18
All
19:18
right,
19:18
well,
19:18
let's
19:18
move
19:19
on
19:19
to
19:19
headline
19:19
number
19:19
three.
19:20
Wayfair
19:21
plans
19:21
to
19:21
open
19:21
150,000
19:23
square
19:23
foot
19:23
store
19:23
in
19:23
Atlanta
19:24
in
19:24
2026
19:25
according
19:26
to
19:26
chain
19:26
Storage.
19:27
Yet
19:27
again,
19:28
the
19:28
online
19:28
home
19:29
furnishings
19:29
giant
19:29
will
19:30
open
19:30
its
19:30
second
19:30
large
19:31
format
19:31
store
19:31
at
19:31
the
19:32
District
19:32
at
19:32
Howell
19:33
Mill
19:33
shopping
19:34
center
19:34
in
19:34
Atlanta.
19:35
Set
19:35
to
19:35
open
19:36
in
19:36
2026,
19:37
the
19:37
150,000
19:38
square
19:38
foot
19:38
space
19:38
will
19:39
offer
19:39
an
19:39
immersive
19:40
one
19:40
stop
19:40
shopping
19:41
destination
19:42
for
19:42
all
19:43
things
19:43
home.
19:44
The
19:44
Atlanta
19:44
store
19:44
will
19:45
mark
19:45
Wayfair's
19:45
second
19:46
large
19:46
format
19:46
location.
19:47
The
19:47
first
19:47
one
19:48
of
19:48
course
19:48
opening
19:49
in
19:49
May
19:49
of
19:49
2024
19:50
at
19:50
Eden's
19:51
Plaza
19:51
in
19:51
Wilmat,
19:52
Illinois.
19:53
And
19:53
the
19:54
Wilmette
19:54
store
19:54
has
19:54
reportedly
19:55
delivered
19:56
outstanding
19:56
results,
19:57
contributing
19:57
to
19:58
sales
19:58
from
19:58
the
19:58
state
19:58
of
19:59
Illinois
19:59
growing
20:00
more
20:00
than
20:00
15%
20:02
faster
20:02
than
20:03
the
20:03
US
20:04
overall
20:04
from
20:05
the
20:05
store
20:05
launch
20:05
through
20:06
the
20:06
end
20:06
of
20:06
2024,
20:07
Wayfair
20:08
said.
20:09
Chris,
20:09
on
20:09
a
20:09
scale
20:10
of
20:10
one
20:10
to
20:10
10,
20:10
how
20:11
much
20:11
do
20:11
you
20:11
like
20:11
the
20:11
idea
20:12
of
20:12
Wayfair
20:13
expanding
20:14
to
20:14
yet
20:15
another
20:15
large
20:16
format
20:16
store
20:16
for
20:17
footprint?
20:18
Oh,
20:18
and
20:19
I'm,
20:19
can
20:20
I
20:20
say
20:20
11?
20:20
I
20:21
think,
20:21
I
20:21
don't,
20:21
I
20:21
don't
20:21
know
20:21
if
20:21
there's
20:22
a
20:22
number
20:22
above
20:22
11
20:23
actually,
20:23
you
20:23
know,
20:23
I
20:23
don't
20:23
know.
20:24
Spinal
20:24
Tap,
20:25
I
20:25
mean,
20:25
tapped
20:25
us
20:25
out
20:25
at
20:26
11,
20:26
but
20:26
I
20:26
think
20:26
I
20:27
would.
20:27
Say
20:27
11
20:27
is
20:27
appropriate.
20:28
Sure,
20:28
sure.
20:29
But
20:29
Tell
20:29
us
20:30
why.
20:31
And
20:31
you
20:31
know,
20:32
and
20:32
you
20:32
know,
20:32
I
20:32
mean,
20:33
you
20:33
know
20:33
this
20:33
better
20:33
than
20:34
anybody
20:34
probably
20:35
on
20:35
a.
20:35
On
20:35
a
20:35
degree
20:36
that
20:36
I
20:36
probably
20:36
won't
20:36
even
20:36
share
20:37
on
20:37
this
20:37
podcast.
20:37
But,
20:38
you
20:38
know,
20:38
I've
20:39
got
20:39
a
20:39
little.
20:39
There's
20:39
a
20:39
little
20:39
Walton
20:40
Wayfair
20:40
history
20:41
going
20:41
back
20:41
here.
20:41
So
20:41
after
20:42
we
20:42
finished
20:42
up
20:42
our
20:42
store,
20:43
the
20:43
future.
20:43
Yeah,
20:44
after
20:44
we
20:44
finished
20:44
up
20:44
our
20:44
store,
20:45
the
20:45
future
20:45
work.
20:45
This
20:46
is
20:46
back
20:46
in
20:46
2017,
20:47
so
20:47
eight
20:47
years
20:47
ago,
20:48
I
20:49
met
20:49
with
20:49
Wayfair
20:49
CEO
20:50
Nerd
20:50
Shine
20:51
and.
20:51
And
20:51
talked
20:52
to
20:52
him
20:52
about
20:52
heading
20:52
up
20:52
his
20:53
physical
20:53
store
20:53
efforts.
20:53
And
20:54
at
20:54
the
20:54
time,
20:54
I'll
20:54
never
20:54
forget
20:55
it,
20:55
I
20:55
was
20:56
very
20:56
bullish
20:57
on
20:57
them
20:57
going
20:57
after
20:58
Ikea
20:58
directly
20:59
with
20:59
a
20:59
larger
20:59
format
21:00
store
21:01
because
21:01
of
21:02
their.
21:02
Their
21:02
distribution
21:03
network
21:03
and
21:03
their
21:04
expansive
21:05
aesthetics
21:05
that
21:05
they
21:05
could
21:06
offer
21:06
their
21:06
consumer
21:06
relative
21:07
to
21:07
Ikea.
21:08
And
21:08
he
21:09
thought
21:09
I.
21:09
He
21:09
thought
21:09
I
21:10
was
21:10
nuts.
21:10
Like,
21:10
he
21:10
thought
21:11
I
21:11
was
21:11
crazy.
21:11
He
21:12
literally
21:12
laughed
21:12
when
21:13
I
21:13
told
21:13
him.
21:13
Was
21:13
it
21:13
from
21:14
that
21:14
idea
21:14
or
21:15
just
21:15
you
21:15
and
21:15
your
21:16
personality?
21:17
No,
21:17
I.
21:17
It
21:17
was
21:17
that
21:18
idea.
21:18
It's
21:18
like
21:18
he
21:18
was.
21:19
He's
21:19
basically
21:19
like,
21:20
no
21:20
way.
21:20
Well,
21:21
now
21:21
he's
21:21
like,
21:21
no,
21:21
no,
21:22
we're
21:22
gonna
21:22
go
21:22
small.
21:23
We're
21:23
gonna
21:23
go
21:23
small
21:24
and
21:24
we're
21:24
gonna
21:24
experiment.
21:24
I'm
21:25
like,
21:25
fine,
21:25
you
21:25
can
21:25
do
21:25
that,
21:26
but
21:26
it's
21:26
not
21:26
gonna
21:26
work.
21:27
And
21:27
here
21:27
we
21:27
are
21:28
eight
21:28
years
21:28
later,
21:29
and
21:30
the
21:30
idea
21:30
appears
21:31
to
21:31
be
21:31
working.
21:31
People
21:32
are.
21:32
Here's
21:33
the
21:33
other
21:33
thing.
21:33
I
21:33
asked
21:34
Placer
21:34
AI
21:34
to
21:34
pull
21:35
some
21:35
data
21:35
for
21:35
me
21:35
on
21:35
this.
21:36
People
21:36
are
21:36
lingering
21:36
in
21:36
this
21:37
store
21:37
longer.
21:37
They're
21:37
lingering
21:38
in
21:38
the
21:38
store
21:38
on
21:38
average,
21:39
50
21:39
minutes
21:39
compared
21:40
to
21:40
an
21:40
average
21:40
home
21:40
furnishing
21:41
experience
21:41
of
21:41
40
21:42
minutes.
21:42
And
21:43
it
21:43
appears
21:43
to
21:43
be
21:43
driving
21:44
sales
21:44
in
21:44
Illinois,
21:45
as
21:45
you
21:45
mentioned.
21:45
And
21:46
so
21:46
why.
21:47
And
21:48
why
21:48
was
21:48
this
21:48
the
21:48
right
21:49
way
21:49
to
21:49
go?
21:49
Because
21:50
furniture
21:50
shopping,
21:51
I've
21:51
said
21:51
this
21:51
a
21:52
thousand
21:52
times
21:52
on
21:52
the
21:52
show,
21:53
and
21:53
I
21:53
think
21:53
you're
21:53
finally
21:54
coming
21:54
around
21:54
to
21:54
it,
21:54
because
21:55
I
21:55
know
21:55
we've
21:55
had
21:55
some
21:55
debate
21:56
on
21:56
this,
21:56
but
21:57
it's
21:57
a
21:57
big
21:58
fricking
21:58
chore
21:58
that's
21:59
built
21:59
around
21:59
the
21:59
big
22:00
moments
22:00
in
22:00
your
22:00
life.
22:01
And
22:01
Wayfair
22:02
has
22:02
a
22:02
ton
22:02
of
22:02
breadth
22:02
and
22:03
variety
22:03
that
22:03
it
22:04
can
22:04
offer
22:04
to
22:05
help
22:05
people
22:05
get
22:05
this
22:06
chore
22:06
done.
22:07
So
22:07
keep
22:07
in
22:08
mind,
22:08
here's
22:08
the
22:08
other
22:08
point.
22:09
Wayfair
22:09
sales
22:10
base.
22:10
I
22:10
hadn't
22:11
thought
22:11
about
22:11
this
22:11
in
22:11
a
22:12
while.
22:12
Wayfair
22:12
sales
22:13
base
22:13
is
22:13
$12
22:14
billion.
22:15
A
22:15
15%
22:16
uplift
22:17
from
22:17
the
22:17
right
22:18
store
22:18
concept
22:19
on
22:19
that
22:19
base
22:20
only
22:20
adds
22:20
to
22:21
that.
22:21
And
22:21
so,
22:21
quite
22:22
honestly,
22:22
15%
22:23
feels
22:23
low
22:23
actually,
22:23
too,
22:23
when
22:24
you
22:24
think
22:24
about
22:24
physical
22:25
versus
22:25
digital
22:25
commerce,
22:26
you
22:26
know,
22:26
in
22:26
the
22:27
long
22:27
run.
22:28
So,
22:28
net.
22:28
Net,
22:29
I
22:29
love
22:29
it.
22:30
And
22:30
I
22:30
would
22:31
say
22:31
my
22:31
one
22:32
final
22:32
closing
22:32
thought,
22:32
because
22:33
I
22:33
Got
22:33
to
22:33
get
22:33
the
22:33
dig
22:33
into
22:33
is
22:34
I'd
22:34
say
22:34
to
22:34
my
22:34
buddy
22:34
Nerd,
22:35
why
22:36
the
22:36
heck
22:36
did
22:36
it
22:36
take
22:36
you
22:37
so
22:37
long?
22:37
Like
22:37
why.
22:38
Why
22:38
are
22:38
we.
22:38
Why
22:38
are
22:38
we
22:38
see.
22:39
Why
22:39
are
22:39
we
22:39
waiting
22:39
here
22:39
eight
22:40
years
22:40
to
22:40
see
22:40
this
22:41
when
22:41
the
22:41
idea
22:41
was
22:42
there
22:42
beforehand?
22:43
But
22:43
anyway,
22:43
maybe
22:44
because
22:44
they
22:44
had
22:44
it.
22:45
They
22:45
had
22:45
the
22:45
same
22:45
curse
22:46
that
22:46
everybody
22:46
has
22:47
been
22:47
in
22:47
where
22:47
they
22:47
thought
22:47
that
22:48
their
22:48
independent
22:48
owned
22:49
brands
22:49
meant
22:49
more
22:50
to
22:50
people
22:50
than
22:50
they
22:51
really
22:51
do
22:51
too.
22:52
I
22:52
mean
22:52
that
22:52
was
22:52
the
22:53
thing
22:53
you.
22:53
They
22:53
went
22:54
into
22:54
those
22:54
all
22:54
modern
22:55
and
22:55
like
22:55
small
22:55
format
22:56
stores
22:56
thinking
22:57
that
22:57
people
22:57
would
22:57
recognize
22:58
those
22:58
Wayfair
22:58
brands
22:59
but.
22:59
Or
23:00
not,
23:00
I
23:00
don't
23:00
know.
23:00
But
23:01
I
23:01
think
23:02
it
23:02
was
23:02
more
23:02
than
23:02
that.
23:02
I
23:02
think
23:02
it
23:02
was
23:02
more
23:03
like
23:03
they're
23:03
very
23:03
left
23:03
brain
23:04
organization,
23:04
very
23:04
E
23:04
commerce
23:05
centric.
23:05
They
23:05
just
23:05
want
23:06
to
23:06
dip
23:06
their
23:06
toe
23:06
and
23:07
experiment
23:07
in.
23:07
Whereas
23:08
at
23:08
the
23:08
end
23:08
of
23:08
the
23:08
day
23:08
to
23:09
have
23:09
a
23:09
physical
23:09
concept
23:10
that
23:10
works,
23:10
you
23:10
have
23:10
to
23:11
have
23:11
a
23:11
point
23:11
of
23:11
view.
23:12
You
23:12
have
23:12
to
23:12
have
23:12
a
23:12
reason
23:13
why
23:13
you
23:14
can't
23:14
just
23:14
experiment
23:15
piecemeal.
23:15
You've
23:15
got
23:15
to
23:15
come
23:16
up
23:16
with
23:16
the
23:16
whole
23:16
concept.
23:17
Sounds
23:18
like
23:18
they've
23:18
done
23:18
that,
23:18
they're
23:19
refining
23:19
it.
23:20
I
23:20
can't
23:20
wait
23:20
to
23:20
see
23:20
it.
23:21
You've
23:21
seen
23:21
it
23:21
in
23:22
Chicago.
23:22
So
23:23
I
23:23
mean,
23:23
what's
23:23
your
23:23
take
23:24
here?
23:24
I
23:24
listen,
23:25
I
23:25
think
23:25
that
23:26
the
23:26
most
23:26
important
23:27
thing
23:27
here,
23:27
which
23:28
is
23:28
kind
23:28
of
23:28
again
23:29
like
23:29
just
23:29
a
23:30
no
23:30
duh
23:31
analysis,
23:32
is
23:32
that
23:32
this
23:32
fills
23:33
a
23:33
very
23:33
important
23:34
white
23:34
space
23:34
in
23:35
the
23:35
furniture
23:35
market
23:36
where
23:36
if
23:36
you
23:37
are
23:37
a
23:37
person
23:38
shopping
23:38
for
23:38
well
23:39
designed
23:39
furniture
23:40
right
23:40
now,
23:41
it's
23:41
either
23:41
Ikea,
23:42
where
23:42
you're
23:43
getting
23:43
cheap
23:43
stuff
23:44
that's
23:44
not
23:44
going
23:44
to
23:44
last
23:45
a
23:45
long
23:45
time
23:45
but
23:45
looks
23:46
good,
23:46
or
23:47
you're
23:47
going
23:47
in
23:47
the
23:47
opposite
23:48
direction
23:48
and
23:48
you
23:48
have,
23:49
you
23:49
know,
23:49
West
23:50
Elm
23:50
Ashley
23:51
Furniture
23:52
Restoration
23:52
Hardware
23:53
or
23:54
you
23:54
have
23:54
to
23:54
go
23:54
to
23:54
Marketplace
23:55
really
23:55
right
23:55
now
23:56
like
23:56
to
23:56
get
23:57
used
23:57
versions
23:57
of
23:58
the
23:58
high
23:58
quality
23:59
stuff.
24:00
There's
24:00
nowhere
24:00
that
24:01
you
24:01
can
24:01
go
24:01
with
24:02
confidence.
24:03
Like
24:03
there's
24:03
still
24:03
a
24:04
lot
24:04
of
24:04
people
24:04
who
24:04
will
24:05
not
24:05
buy
24:05
a
24:06
couch
24:06
on
24:07
Wayfair.
24:07
Like
24:07
they
24:07
just
24:08
don't
24:08
want
24:08
it.
24:08
They're
24:08
not
24:08
going
24:09
to.
24:09
It's
24:09
still
24:09
a
24:09
price
24:09
point
24:10
that's
24:10
high
24:10
enough
24:11
to
24:11
not
24:11
give
24:11
them
24:12
the
24:12
confidence
24:13
and
24:13
the
24:13
hassle
24:14
really.
24:14
Like
24:14
the
24:14
convenience
24:15
is
24:15
the
24:15
second
24:15
part.
24:15
Like
24:16
not
24:17
only
24:17
is
24:17
this
24:17
stuff
24:18
like
24:18
assembled
24:19
in
24:20
most
24:20
cases
24:20
like
24:21
or.
24:21
Or
24:21
you
24:22
just
24:22
have
24:22
to
24:22
screw
24:22
like
24:23
legs
24:23
on.
24:23
If
24:23
you're
24:24
thinking
24:24
about
24:24
like
24:24
a
24:24
couch
24:25
from
24:25
Wayfair
24:26
versus
24:27
the
24:27
IKEA
24:28
alternative
24:29
of
24:29
spending
24:29
the
24:29
whole
24:29
afternoon
24:30
like
24:30
no,
24:30
no,
24:30
no,
24:31
no.
24:31
This
24:31
is
24:31
serving
24:31
a
24:32
need
24:32
for
24:32
well
24:32
designed
24:33
furniture
24:33
at
24:33
a
24:34
middle
24:34
of
24:34
the
24:34
road
24:35
price
24:35
point.
24:35
And
24:36
it's
24:36
more
24:36
convenient.
24:37
Like
24:37
you
24:37
can
24:37
take
24:37
some
24:38
of
24:38
this
24:38
stuff
24:38
home
24:38
Same
24:39
day.
24:39
You
24:39
also
24:39
could
24:40
return
24:40
it
24:40
to
24:41
the
24:41
store
24:41
same
24:42
day.
24:42
Like,
24:42
it's
24:43
no
24:43
wonder
24:43
that
24:43
they're
24:43
able
24:44
to
24:44
do
24:45
a
24:45
good
24:45
business
24:45
that
24:46
we're
24:46
seeing
24:46
a
24:46
15
24:47
increase
24:47
in,
24:48
in
24:48
sales
24:48
in
24:49
Illinois
24:49
alone.
24:50
And
24:50
then
24:51
the
24:51
last
24:51
part,
24:51
too,
24:52
that
24:52
I,
24:52
I
24:53
don't
24:53
know
24:53
for
24:53
sure,
24:54
but
24:54
I'm
24:54
curious.
24:54
And
24:55
we'll
24:55
talk
24:56
to
24:56
Fiona
24:57
Tan
24:57
on
24:57
my
24:57
panel
24:58
next
24:58
week
24:58
at
24:58
Shop
24:58
Talk.
24:59
But
24:59
I'm
24:59
also
24:59
wondering
25:00
if
25:00
they
25:01
aren't
25:01
able
25:01
to
25:01
now
25:02
correlate
25:02
data
25:03
from
25:03
in
25:03
store,
25:04
like
25:04
somebody
25:04
actually
25:05
sitting
25:05
on
25:05
the
25:05
couch
25:06
with,
25:06
like,
25:06
the
25:06
online
25:07
reviews
25:07
for
25:08
something,
25:08
like,
25:09
why
25:09
didn't
25:09
somebody
25:10
buy
25:10
the
25:10
couch
25:11
in
25:11
the
25:11
store
25:12
and
25:12
why?
25:12
Or
25:12
like,
25:13
you
25:13
know,
25:13
if
25:13
the
25:13
reviews
25:14
were
25:14
bad
25:14
online,
25:15
like,
25:15
people
25:15
won't
25:15
buy
25:16
that
25:16
thing.
25:16
How
25:17
can
25:17
they
25:17
take
25:17
the
25:17
data
25:18
from
25:18
what
25:18
people
25:18
are
25:19
experiencing
25:19
and
25:19
what
25:19
their
25:20
habits
25:20
are,
25:20
what
25:20
they're
25:21
buying
25:21
or
25:21
not
25:21
buying
25:22
in
25:22
store,
25:22
and
25:22
correlate
25:23
that
25:23
with
25:23
what
25:23
people
25:24
are
25:24
doing
25:24
or
25:25
not
25:25
doing
25:25
on
25:25
the
25:25
website?
25:26
That's
25:27
something
25:27
that
25:27
I
25:27
wonder,
25:28
like,
25:28
as
25:28
AI
25:29
comes
25:29
into
25:30
the
25:30
fold
25:30
and
25:30
helps
25:30
people,
25:31
like,
25:31
distill
25:32
this
25:32
information,
25:33
like,
25:33
will
25:33
they
25:33
be
25:34
able
25:34
to
25:34
improve
25:34
their
25:35
omnichannel
25:35
operation
25:36
overall
25:36
because
25:37
they
25:37
have
25:37
both
25:38
data
25:38
sources
25:39
to
25:39
support,
25:39
you
25:39
know,
25:40
the
25:40
sales
25:41
or,
25:41
or
25:42
lack
25:42
thereof
25:43
of
25:43
their
25:43
product?
25:44
Yeah,
25:45
and
25:45
I
25:45
can
25:45
tell
25:45
you
25:45
don't
25:45
even
25:46
need
25:46
AI
25:46
for
25:46
that.
25:46
I
25:46
mean,
25:46
I
25:46
was
25:47
doing
25:47
that
25:47
back
25:47
at
25:47
Target
25:48
with
25:48
a
25:48
project
25:48
called
25:48
Digital
25:49
Denver
25:49
where
25:49
we
25:50
just
25:50
did
25:50
showroom
25:50
of
25:51
lawn
25:51
and
25:51
patio
25:51
furniture,
25:52
and
25:52
the
25:52
items
25:53
in
25:53
the
25:53
store
25:53
immediately
25:54
exploded
25:54
online.
25:55
So,
25:55
yes,
25:56
you
25:56
should
25:56
be
25:56
able
25:56
to
25:56
correlate
25:57
your
25:57
data
25:57
for
25:57
what
25:57
you're
25:58
showing
25:58
in
25:58
store.
25:58
And
25:58
if
25:59
it's
25:59
not
25:59
getting
25:59
a
25:59
bump
26:00
online,
26:00
get
26:00
it
26:00
the
26:01
hell
26:01
out
26:01
of
26:01
the
26:01
store
26:01
as
26:02
quickly
26:02
as
26:02
possible
26:02
and
26:02
replace
26:03
it
26:03
with
26:03
something
26:03
else.
26:04
So,
26:04
yeah,
26:04
there's
26:04
just
26:05
so
26:05
many.
26:06
There's
26:06
so
26:06
many
26:06
smart
26:07
ways
26:07
that
26:08
a
26:08
store
26:08
can
26:08
amplify
26:09
your
26:09
experience.
26:10
The
26:10
one
26:10
caveat
26:10
I
26:11
have
26:11
about
26:11
the
26:11
story
26:11
is
26:12
the
26:12
15
26:12
sales
26:13
lift
26:13
on
26:13
why
26:13
the
26:14
store
26:14
is
26:14
working.
26:14
Seems
26:15
a
26:15
little
26:15
bit
26:16
thin
26:16
to
26:16
me
26:17
because
26:18
you
26:18
want
26:18
the
26:18
store
26:18
to
26:18
work
26:19
on
26:19
its
26:19
own,
26:19
you
26:20
know,
26:20
as.
26:20
As
26:20
well
26:21
as
26:21
for
26:21
it
26:21
to
26:21
work
26:22
in
26:22
the
26:22
long
26:22
term.
26:22
So
26:22
you've
26:23
got
26:23
to
26:23
figure
26:23
out
26:23
how
26:23
to
26:23
make
26:23
it
26:24
a
26:24
profitable
26:24
venture
26:25
in
26:25
and
26:25
of
26:25
itself.
26:26
Otherwise
26:26
it'll
26:26
be
26:26
too
26:26
expensive
26:27
to
26:27
operate.
26:27
So
26:28
that's
26:28
the
26:28
one
26:28
part.
26:28
But
26:29
again,
26:29
it's
26:29
only.
26:29
It's.
26:30
I
26:30
don't
26:30
even
26:30
think
26:30
it's
26:31
been
26:31
open
26:31
a
26:31
year
26:31
yet.
26:31
So
26:32
we'll
26:32
see
26:32
as
26:32
they
26:32
roll
26:33
this
26:33
out
26:33
and
26:33
refine
26:33
the
26:34
concept
26:34
and
26:34
get
26:34
it.
26:35
Get
26:35
it
26:35
understood
26:35
more
26:36
fully.
26:36
All
26:36
right.
26:37
Headline
26:37
number
26:37
four,
26:38
Klarna
26:38
will
26:38
be
26:39
the
26:39
exclusive
26:41
provider
26:41
of
26:41
Buy
26:41
now,
26:42
pay
26:42
later
26:42
loans
26:43
for
26:43
Walmart,
26:43
taking
26:44
a
26:44
coveted
26:44
partnership
26:45
away
26:45
from
26:46
its
26:46
rival
26:46
Affirm.
26:48
According
26:48
to
26:49
cnbc,
26:49
Klarna
26:50
will
26:50
provide
26:50
loans
26:50
to
26:51
Walmart
26:51
customers
26:51
in
26:52
stores
26:52
and
26:52
online
26:53
through
26:53
the
26:53
retailer's
26:54
majority
26:54
owned
26:55
fintech
26:55
startup,
26:56
OnePay.
26:57
OnePay,
26:57
which
26:58
updated
26:58
its
26:58
brand
26:59
name
26:59
from
26:59
One
27:00
just
27:00
this
27:00
month,
27:01
will
27:01
handle
27:01
the
27:02
user
27:02
experience
27:02
via
27:03
its
27:03
app,
27:03
while
27:03
Klarna
27:04
will
27:04
make
27:04
underwriting
27:05
decisions
27:05
for
27:05
loans
27:06
ranging
27:06
from
27:06
three
27:07
months
27:07
to,
27:07
to
27:07
36
27:08
months
27:08
in
27:08
length
27:09
and
27:09
with
27:09
annual
27:09
interest
27:10
rates
27:10
from
27:10
10%
27:11
to
27:11
36%.
27:12
The
27:12
new
27:12
product
27:13
will
27:13
be
27:13
launched
27:13
in
27:13
the
27:13
coming
27:14
weeks
27:14
and
27:14
will
27:14
be
27:14
scaled
27:15
to
27:15
all
27:15
Walmart
27:16
channels
27:17
by
27:17
the
27:17
end
27:17
of
27:17
the
27:18
holiday
27:18
season
27:18
or
27:19
by
27:19
the
27:19
holiday
27:19
season,
27:19
not
27:20
the
27:20
end
27:20
of,
27:20
but
27:20
by
27:20
the
27:21
holiday
27:21
season
27:22
likely
27:22
leaving,
27:23
leaving
27:23
it
27:24
the
27:24
retailer's
27:25
only
27:25
buy
27:25
now,
27:26
pay
27:26
later
27:27
option
27:27
by
27:27
year
27:28
end.
27:28
And
27:29
I'm
27:29
curious,
27:29
are
27:30
you
27:30
surprised
27:30
at
27:30
all
27:31
with
27:31
Walmart's
27:31
decision
27:32
to
27:32
tie
27:32
itself
27:33
to
27:33
one
27:33
exclusive
27:34
buy
27:34
now,
27:34
pay
27:35
later
27:35
provider
27:35
like
27:35
Klarna?
27:37
You
27:38
know,
27:38
I
27:38
was
27:39
more
27:39
surprised
27:39
I
27:40
guess
27:40
that
27:40
they
27:40
made
27:41
the
27:41
move
27:42
away
27:42
from
27:42
a
27:43
buy
27:43
now,
27:43
pay
27:43
later
27:44
provider
27:44
that
27:44
they
27:45
had
27:46
a
27:46
pretty
27:46
established
27:47
relationship
27:47
with.
27:48
Like,
27:48
I
27:49
can't
27:49
imagine
27:49
that
27:49
that
27:50
was
27:50
a
27:50
very
27:50
easy
27:51
move.
27:52
So
27:52
I
27:52
think
27:52
there
27:53
must
27:53
be
27:53
some
27:54
good
27:54
things
27:54
that
27:55
Klarna
27:55
is
27:55
bringing
27:55
to
27:56
the
27:56
table
27:56
here
27:57
that
27:57
get,
27:58
that
27:58
have
27:58
made
27:59
Walmart
27:59
who
27:59
I
27:59
think
28:00
is
28:00
a
28:00
very
28:00
smart
28:01
retailer
28:02
and
28:03
is
28:03
making
28:03
some
28:03
smart
28:04
moves
28:04
with
28:04
this,
28:05
their,
28:06
their
28:06
one
28:06
arm
28:07
of
28:07
the
28:07
business
28:08
that
28:09
we're
28:09
maybe,
28:09
and
28:09
maybe
28:10
we're
28:10
not
28:10
reading
28:10
about
28:10
all
28:11
those
28:11
in
28:11
the
28:11
article.
28:12
I
28:12
think
28:13
it
28:13
comes
28:14
down
28:14
to
28:14
the
28:14
best
28:15
thing
28:15
here
28:15
for
28:15
Walmart
28:16
customers
28:16
is
28:17
that
28:17
nothing
28:17
changes
28:18
for
28:18
them
28:18
like
28:19
they
28:19
are
28:19
still,
28:20
we
28:20
can
28:20
still
28:20
use
28:21
one
28:21
without
28:22
having
28:22
to
28:22
sign
28:23
up
28:23
for
28:23
anything
28:23
additional.
28:24
Like
28:25
I
28:25
stay
28:25
in
28:25
the
28:25
Walmart
28:26
app
28:26
and
28:26
I
28:26
have
28:27
to
28:27
imagine
28:27
that
28:27
that
28:27
was
28:28
part
28:28
of
28:28
the
28:28
terms
28:29
of
28:29
this
28:29
agreement
28:29
where
28:30
like,
28:30
you
28:30
know,
28:30
Klarna
28:31
is
28:31
just
28:31
doing
28:31
the
28:32
underwriting
28:32
here.
28:33
They're
28:33
not
28:33
changing.
28:33
Like
28:34
I
28:34
don't
28:34
have
28:34
to
28:34
sign
28:34
up
28:34
for
28:35
a
28:35
Klarna
28:35
account
28:36
and
28:36
leave
28:36
the
28:37
Walmart
28:37
app
28:37
and
28:37
like
28:38
it's
28:38
just,
28:38
it's
28:39
frictionless
28:40
for
28:40
the
28:40
consumer.
28:41
It's
28:41
just
28:41
taking
28:41
away
28:42
maybe
28:42
something
28:42
that
28:42
Klarna
28:43
is
28:43
just
28:43
better
28:43
at
28:44
than
28:44
Walmart
28:45
is.
28:46
And
28:46
I
28:46
think
28:47
the
28:47
other
28:47
thing
28:47
here
28:48
is
28:48
that
28:48
this
28:49
is
28:49
also
28:49
a
28:49
big
28:49
deal
28:49
for
28:50
Klarna.
28:50
Like
28:50
they're
28:51
a
28:51
more
28:51
global
28:52
company
28:52
but
28:53
now
28:53
signing
28:53
on
28:53
Walmart,
28:54
now
28:54
they
28:54
have
28:55
visibility
28:56
into
28:56
the
28:56
large,
28:57
you
28:57
know,
28:57
the
28:57
largest
28:58
US
28:58
market
28:59
with
28:59
Walmart
29:00
and
29:00
now
29:00
comprehensively,
29:01
like
29:02
they
29:02
have
29:02
that
29:02
selling
29:03
point
29:03
for
29:03
any
29:04
other
29:04
retailer
29:04
that
29:04
they
29:04
go
29:05
off
29:05
of
29:05
that
29:05
they
29:05
have
29:05
the
29:05
most
29:06
global
29:06
data
29:07
which
29:07
gives
29:07
them,
29:08
you
29:08
know,
29:08
much
29:08
more
29:08
opportunity.
29:10
And
29:10
I
29:10
wonder
29:11
if
29:11
it
29:12
doesn't
29:12
help
29:13
to
29:14
make
29:14
it
29:14
more
29:14
easier
29:15
to
29:15
spot
29:15
bad
29:15
actors
29:16
too.
29:16
So
29:17
like,
29:17
if
29:17
I
29:17
know,
29:18
you
29:18
know,
29:18
somebody's
29:19
using
29:19
Klarna
29:20
at
29:20
a
29:20
retailer,
29:21
you
29:21
know,
29:21
in
29:22
Europe
29:22
and
29:22
somebody's
29:22
using
29:23
Klarna
29:23
in
29:24
Walmart,
29:24
like,
29:25
will
29:25
they
29:25
have
29:25
better
29:26
visibility
29:26
to
29:27
that
29:27
dashboard
29:27
of,
29:27
of,
29:28
of
29:28
maybe
29:29
people
29:29
that
29:29
are
29:29
not
29:30
using
29:30
this
29:30
service
29:31
effectively
29:32
or
29:32
who
29:32
are
29:32
not
29:32
paying
29:33
back
29:33
their
29:33
loans?
29:34
Like,
29:34
does
29:34
that
29:34
give
29:34
them
29:35
greater
29:35
visibility
29:35
too?
29:36
I
29:36
don't
29:36
know
29:36
that
29:36
for
29:37
sure,
29:37
but
29:37
it
29:37
would
29:38
be
29:38
something
29:38
that
29:39
I'd
29:39
be
29:39
curious
29:39
about.
29:40
But
29:40
were
29:40
you
29:41
surprised?
29:41
Like,
29:41
where,
29:42
where
29:42
do
29:42
you
29:42
think
29:42
about
29:43
this?
29:44
Yeah,
29:44
when
29:44
I
29:44
first
29:44
read
29:44
the
29:45
headline,
29:45
I
29:45
actually
29:45
was
29:45
a
29:45
little
29:46
surprised
29:46
because
29:46
I
29:46
do
29:47
see
29:47
a
29:47
world,
29:47
or
29:47
at
29:48
least
29:48
I
29:48
thought
29:48
I
29:48
saw
29:48
a
29:49
world
29:49
where
29:50
Klarna
29:50
Affirm,
29:51
Sezzle,
29:51
Navy
29:52
NPL
29:52
provider
29:53
are
29:53
like
29:53
Visa,
29:54
MasterCard,
29:55
Discover,
29:55
American
29:56
Express.
29:56
They're
29:56
just
29:56
an
29:57
option
29:57
that
29:57
you
29:57
can
29:57
use
29:58
to
29:58
pay
29:58
wherever
29:58
you
29:58
want.
29:59
And
29:59
ultimately
29:59
in
29:59
the
30:00
long
30:00
run.
30:00
But,
30:01
but
30:01
then
30:01
I
30:01
dug
30:01
in
30:02
and
30:02
I
30:02
think
30:02
it's
30:02
a
30:03
really
30:03
smart
30:04
move
30:04
from
30:04
Walmart
30:05
because
30:05
it's
30:05
basically,
30:05
it's,
30:06
it's
30:06
a
30:06
land
30:07
grab,
30:07
it's
30:07
a,
30:07
it's
30:08
a
30:08
positioning
30:08
of,
30:08
of
30:09
one
30:09
pay
30:09
to
30:10
be,
30:10
you
30:10
know,
30:11
the
30:11
thing
30:11
that
30:11
Walmart
30:12
customers
30:12
use,
30:14
you
30:14
know,
30:14
and
30:14
one
30:14
pay
30:15
for
30:15
those
30:15
unfamiliar,
30:16
according
30:16
to
30:16
CNBC
30:17
and
30:17
the
30:17
statistics
30:17
they
30:17
put
30:18
in
30:18
the
30:18
article.
30:19
You
30:19
know,
30:19
it's
30:20
a
30:20
standalone
30:20
business
30:21
venture
30:21
of
30:21
Walmart
30:22
and
30:23
it
30:23
has
30:23
a,
30:23
currently
30:23
has
30:23
a
30:24
valuation
30:24
of
30:24
over
30:25
$2
30:25
billion.
30:26
And
30:26
here's
30:26
the
30:26
other
30:26
part
30:26
I
30:26
didn't
30:27
know.
30:27
And
30:27
its
30:28
revenue
30:28
already
30:28
is
30:29
at
30:29
$200
30:30
million
30:31
a
30:31
year.
30:32
That's
30:32
nuts.
30:33
So
30:33
this
30:33
deal
30:33
to
30:34
me
30:34
is
30:34
about
30:34
powering
30:35
one
30:35
pay,
30:36
as
30:37
in
30:37
one
30:37
pay
30:37
powered
30:38
by
30:38
Klarna
30:38
like
30:38
you
30:39
said.
30:39
So,
30:39
and
30:39
Walmart
30:40
has
30:40
millions
30:40
of
30:40
people
30:41
going
30:41
through
30:41
its
30:41
stores
30:42
every
30:42
day.
30:42
If
30:42
it
30:42
can
30:43
get
30:43
people
30:44
using
30:44
its
30:44
payment
30:45
capabilities,
30:46
not
30:46
just
30:46
in
30:46
Walmart
30:47
but
30:48
also
30:48
throughout
30:49
the
30:49
world,
30:50
that
30:50
means
30:51
huge
30:51
growth
30:51
potential.
30:52
This
30:52
is
30:52
a
30:52
growth
30:52
strategy,
30:53
folks.
30:53
This
30:53
is
30:54
what
30:54
I
30:54
talk
30:54
about.
30:54
This
30:54
is
30:54
what
30:55
I
30:55
hit
30:55
Target
30:55
over
30:55
the
30:55
head
30:55
for
30:56
all
30:56
the
30:56
time.
30:56
This
30:57
is
30:57
a
30:57
growth
30:57
strategy.
30:58
That's
30:58
why
30:58
Walmart
30:59
is
30:59
so
30:59
impressive
31:00
here.
31:00
And
31:01
the
31:01
other
31:01
part,
31:01
and
31:02
I
31:02
don't
31:02
know
31:02
if
31:02
you
31:02
tried
31:02
it,
31:02
but
31:03
I
31:03
tried
31:03
it
31:03
yesterday.
31:04
It
31:04
is
31:05
so
31:05
easy
31:05
to
31:05
sign
31:06
up.
31:06
It
31:06
took
31:06
me
31:06
less
31:07
than
31:07
three
31:07
minutes
31:07
to
31:08
get
31:08
signed
31:08
up
31:08
for
31:08
it.
31:09
I
31:09
got
31:09
a
31:09
10
31:09
credit
31:10
immediately.
31:11
I
31:11
can
31:11
get
31:11
another
31:11
50
31:12
credit
31:12
if
31:12
I
31:13
do
31:13
some
31:13
other
31:13
things
31:13
really
31:14
quickly
31:14
as
31:14
well.
31:16
So
31:16
it's,
31:17
you
31:17
can
31:17
see
31:17
where
31:18
this
31:18
is
31:18
going.
31:19
You
31:19
know,
31:19
Walmart
31:20
wants,
31:20
I
31:20
mean,
31:20
it's
31:21
Kind
31:21
of
31:21
a
31:21
page
31:21
out
31:21
of,
31:21
like,
31:22
Elon
31:22
Musk
31:23
and
31:23
his
31:23
Tesla
31:24
payment
31:24
thing.
31:24
Oh,
31:25
boy.
31:25
Walmart
31:25
wants
31:25
to
31:25
be
31:25
the
31:26
payment
31:26
conduit.
31:27
Yes.
31:27
You
31:27
know,
31:27
for
31:28
America,
31:28
essentially.
31:30
And,
31:30
and
31:30
God,
31:31
you
31:31
can
31:31
see
31:31
how
31:31
you
31:32
can
31:32
actually
31:32
start
31:32
to
31:33
see
31:33
how
31:33
this
31:33
could
31:34
play
31:34
out.
31:34
And
31:34
so
31:35
for
31:35
that
31:35
reason,
31:35
I
31:35
think
31:35
it's
31:35
actually
31:36
a
31:36
really
31:36
smart
31:36
move
31:37
that
31:37
they're
31:37
just
31:37
tying
31:37
themselves
31:38
to
31:38
one
31:38
partner,
31:38
because
31:38
that,
31:39
that's
31:40
the
31:40
goal
31:40
here
31:40
at
31:40
the
31:41
end
31:41
of
31:41
the
31:41
day,
31:42
is
31:42
just
31:42
giving
31:42
your
31:42
customers
31:43
something
31:43
they
31:43
can
31:43
rely
31:43
on.
31:44
You
31:44
don't
31:44
need
31:44
to
31:44
give
31:44
them
31:44
a
31:45
lot
31:45
of
31:45
options
31:45
at
31:45
the
31:45
end
31:45
of
31:45
the
31:46
day
31:46
either.
31:46
So
31:46
just
31:46
give
31:46
them
31:47
something
31:47
they
31:47
can
31:47
rely
31:47
on
31:48
so
31:48
you
31:48
can
31:48
focus
31:48
on
31:49
building
31:49
that
31:50
out.
31:50
Super,
31:51
Super
31:52
Smart
31:52
by
31:53
Walmart.
31:53
I,
31:53
I
31:53
love
31:54
this
31:54
story.
31:54
Yeah.
31:55
And
31:55
so
31:55
easy.
31:56
Like,
31:56
it's
31:56
so
31:57
easy
31:57
whether
31:57
you're
31:58
checking
31:58
out
31:58
at
31:58
the
31:58
store,
31:59
like,
31:59
you
31:59
can
31:59
tap
32:00
one
32:00
page,
32:00
like
32:01
on
32:01
your
32:01
phone,
32:01
if
32:01
you're
32:02
using
32:03
your
32:03
wallet.
32:03
Right.
32:04
It's
32:04
so,
32:05
so
32:05
simple
32:06
to
32:06
do.
32:06
And
32:06
that's
32:07
what
32:07
I
32:07
love
32:07
the
32:07
most
32:07
about
32:08
this.
32:08
Like,
32:08
there's
32:09
no
32:09
messing
32:09
around.
32:09
It
32:10
just
32:10
kind
32:10
of
32:10
further
32:11
establishes
32:11
that
32:12
relationship
32:12
and
32:13
that
32:13
trust
32:13
in
32:13
Walmart
32:14
as
32:14
a
32:14
retailer,
32:15
too.
32:15
So.
32:16
All
32:17
right,
32:17
speaking
32:17
of
32:18
Walmart,
32:18
let's
32:19
talk
32:19
about
32:19
an
32:19
ex
32:20
Walmarter.
32:21
Headline
32:21
number
32:21
five.
32:22
Wonder.
32:23
Marc
32:23
Laurie's
32:24
food
32:24
delivery
32:24
startup,
32:25
Chris,
32:25
once
32:25
known
32:26
for
32:26
its
32:26
fleet
32:26
of
32:27
kitchens
32:27
on
32:27
wheels,
32:28
said
32:28
it
32:28
has
32:28
acquired
32:29
the
32:29
media
32:30
company
32:30
tastemade.
32:31
According
32:32
to
32:32
the
32:32
Wall
32:32
Street
32:32
Journal,
32:33
the
32:33
purchase
32:33
price
32:34
was
32:34
around
32:34
$90
32:35
million.
32:35
Man,
32:36
I
32:36
want
32:36
Mark
32:36
Laurie
32:37
money.
32:37
How
32:37
do
32:37
I
32:38
get
32:38
Mark
32:38
Laurie
32:38
money?
32:38
Chris,
32:39
how
32:39
do
32:39
we
32:39
do
32:39
it?
32:40
Because
32:41
it
32:41
sounds
32:42
amazing.
32:43
Timberwolves,
32:44
you
32:44
know,
32:45
Tastemade
32:45
gotta
32:46
know
32:46
how
32:46
to
32:46
sell
32:47
treads.
32:49
Buy
32:49
whatever
32:49
you
32:50
want.
32:50
Okay,
32:51
well,
32:51
according
32:51
according
32:52
to
32:52
people
32:52
familiar
32:53
with
32:53
the
32:53
transaction
32:54
here,
32:55
the
32:55
deal
32:55
is
32:55
also
32:56
the
32:56
latest
32:56
step
32:57
in
32:57
Wonder's
32:57
effort
32:58
to
32:58
create
32:58
a
32:59
meal
32:59
time
33:00
super
33:00
app,
33:00
encompassing
33:01
elements
33:02
such
33:02
as
33:02
takeout
33:02
delivery,
33:03
meal
33:04
kits,
33:04
and
33:04
now
33:05
an
33:05
international
33:05
production
33:06
company,
33:07
content
33:07
studio
33:08
and
33:08
advertising
33:09
business.
33:09
Wonder
33:10
in
33:10
2023
33:11
put
33:11
the
33:11
kibosh
33:12
on
33:12
its
33:12
plan
33:12
to
33:12
build
33:13
a
33:13
nationwide
33:14
fleet
33:14
of
33:14
kitchens
33:15
and
33:15
vans
33:15
that
33:16
cooked
33:16
hot
33:16
curbside
33:17
meals.
33:17
Shifting
33:17
to
33:18
a
33:18
less
33:18
costly
33:19
model,
33:19
its
33:19
flagship
33:20
business
33:20
now
33:20
offers
33:21
pickup
33:21
delivery
33:22
and
33:22
dine
33:22
in
33:23
from
33:23
multiple
33:23
restaurant
33:24
brands,
33:24
prepping
33:25
dishes
33:25
in
33:25
a
33:25
large
33:25
central
33:26
kitchen
33:26
and
33:26
cooking
33:27
them
33:27
to
33:27
order
33:27
at
33:27
38
33:28
restaurant
33:29
locations.
33:29
It
33:30
also
33:30
acquired
33:30
the
33:31
meal
33:31
kit
33:31
brand
33:31
Blue
33:32
Apron
33:32
in
33:32
2023
33:33
and
33:33
the
33:33
food
33:34
delivery
33:34
startup
33:35
Grubhub
33:35
in
33:35
2024.
33:36
The
33:37
acquisition
33:37
means
33:37
viewers
33:38
who
33:38
want
33:38
to
33:39
watch
33:39
a
33:39
famous
33:40
chef
33:40
make
33:40
her
33:41
signature
33:41
pasta
33:41
on
33:42
a
33:42
tastemade
33:42
streaming
33:43
channel,
33:43
for
33:43
example,
33:44
may
33:44
soon
33:45
be
33:45
able
33:45
to
33:45
easily
33:46
order
33:46
the
33:46
dish
33:46
to
33:46
their
33:47
door
33:47
through
33:47
Wonder
33:48
Grubhub
33:49
or
33:49
Blue
33:49
Apron?
33:50
Tastemade
33:51
co
33:51
founder
33:51
and
33:51
CEO
33:52
Larry
33:52
Fitzgibbon
33:53
said.
33:54
Chris,
33:55
does
33:55
Wonder's
33:56
Taste
33:56
made
33:56
acquisition
33:57
make
33:57
you
33:57
more
33:58
or
33:58
less
33:58
inclined
33:59
to
33:59
buy
33:59
into
34:00
Wonder's
34:00
super
34:00
app
34:01
for
34:01
mealtime
34:02
positioning?
34:03
Oh,
34:04
man,
34:04
the
34:05
super
34:05
app
34:06
positioning.
34:07
No,
34:08
but
34:08
I
34:08
want
34:09
to
34:09
explain
34:09
that,
34:09
Ann.
34:09
And
34:09
I'm
34:10
dying
34:10
too.
34:11
But
34:11
yeah,
34:11
first
34:11
of
34:12
all,
34:12
the
34:12
valuation
34:13
for
34:13
Wonder
34:14
is
34:14
out
34:14
of
34:14
control.
34:14
I
34:14
mean,
34:15
three
34:15
and
34:15
a
34:15
half
34:15
billion,
34:16
I
34:16
think
34:16
they
34:16
said
34:17
2022
34:17
is
34:18
the
34:18
last
34:18
valuation,
34:18
if
34:18
memory
34:19
serves,
34:19
and
34:19
don't
34:19
quote
34:20
me
34:20
on
34:20
this,
34:20
but
34:20
I
34:20
feel
34:20
like
34:20
Walmart
34:21
acquired
34:21
jet
34:22
for
34:22
3.6
34:23
billion.
34:23
If
34:23
I'm
34:23
not
34:23
mistaken,
34:24
it
34:24
was
34:24
something
34:24
like
34:24
around
34:25
that.
34:25
So,
34:25
like,
34:26
so
34:26
this
34:26
is.
34:26
This
34:27
is
34:27
like
34:27
nuts.
34:27
It's
34:27
out
34:28
of
34:28
control.
34:28
But
34:29
I
34:29
gotta
34:29
tell
34:29
you,
34:30
Anne,
34:30
like,
34:30
I
34:31
don't
34:31
know,
34:31
maybe
34:31
I
34:31
hit
34:31
myself
34:32
on
34:32
the
34:32
head
34:32
last
34:32
night
34:33
as
34:33
I
34:33
was
34:33
getting
34:33
out
34:33
of
34:33
the
34:33
shower
34:34
or
34:34
something,
34:34
but
34:35
I
34:35
kind
34:36
of
34:36
more
34:36
and
34:36
more
34:37
like
34:37
what
34:37
he's
34:37
trying
34:37
to
34:38
do
34:38
here.
34:38
But
34:39
instead
34:39
of
34:39
the
34:39
super
34:40
app
34:40
for
34:40
meal
34:40
time,
34:41
my
34:42
handle
34:42
would
34:42
be
34:42
like
34:42
a
34:42
personalized
34:43
on
34:43
demand
34:44
chef
34:44
for
34:45
anyone
34:45
that
34:45
wants
34:45
one.
34:46
That's
34:46
really,
34:46
I
34:47
think,
34:47
what
34:47
hooks
34:48
me
34:48
here.
34:48
I
34:48
love
34:48
that.
34:50
Meal
34:50
time,
34:50
I
34:50
just
34:51
don't
34:51
get
34:51
that.
34:51
I'm
34:51
like,
34:51
what
34:51
is
34:52
that?
34:52
But
34:52
if
34:52
you
34:53
give
34:53
me
34:53
a
34:53
personalized
34:54
chef
34:54
for
34:54
everyone,
34:55
if
34:55
anyone
34:55
in
34:55
the
34:55
world
34:56
can
34:56
have
34:56
a
34:56
personalized
34:56
chef,
34:57
that's
34:57
cool.
34:59
And,
34:59
and
34:59
Lori,
35:00
like
35:00
I
35:00
mentioned
35:00
earlier
35:00
at
35:01
the
35:01
show,
35:01
he's
35:01
hitting
35:01
on
35:02
all
35:02
the
35:02
trends
35:02
here.
35:02
He's
35:03
hitting
35:03
on
35:03
food
35:04
is
35:04
medicine,
35:05
the
35:05
inspirational
35:06
social
35:06
commerce
35:06
and
35:07
conversational
35:08
commerce
35:08
angles
35:09
as
35:09
well.
35:09
So
35:10
you
35:10
know,
35:11
how.
35:11
But
35:12
the.
35:12
Mike,
35:12
my
35:12
one
35:12
question
35:13
with
35:13
this
35:13
though,
35:13
is
35:14
how,
35:14
how
35:14
in
35:15
the
35:15
world
35:15
does
35:15
anyone
35:15
ever
35:16
make
35:16
money
35:16
with
35:16
that
35:17
idea?
35:17
Like,
35:17
the
35:18
logicians
35:18
of
35:18
it
35:18
seem
35:19
just
35:19
impossible
35:19
to
35:20
line
35:20
up
35:20
all
35:20
the
35:20
ingredients
35:21
to
35:22
be
35:22
everyone's
35:22
chef
35:23
on
35:23
demand.
35:24
But.
35:24
But
35:25
maybe
35:25
there's
35:25
like
35:25
a
35:25
middle
35:26
ground
35:26
here,
35:26
an
35:26
in
35:27
between
35:27
position
35:27
that
35:27
Wonder's
35:28
trying
35:28
to
35:28
go
35:28
for,
35:28
that
35:29
I
35:29
just
35:29
don't
35:29
understand
35:30
yet.
35:30
And
35:30
so,
35:30
like,
35:31
but
35:31
just
35:31
on
35:31
the
35:31
pure
35:32
audacity
35:32
side
35:33
of
35:33
venture
35:34
capital,
35:34
going
35:35
after
35:35
something
35:35
big
35:36
and
35:36
bold
35:36
for
35:36
an
35:37
idea
35:37
that
35:38
has
35:38
a
35:38
hook
35:38
and
35:39
could
35:39
work.
35:40
I
35:40
think
35:41
for
35:41
that
35:41
reason,
35:41
I
35:41
think
35:41
it's
35:42
a
35:42
great
35:42
idea
35:43
and
35:43
I
35:43
actually
35:44
like
35:44
it.
35:44
And
35:44
I
35:44
don't
35:44
know
35:45
what's
35:45
wrong
35:45
with
35:45
me.
35:45
I
35:45
don't
35:46
know
35:46
if
35:46
I
35:46
have
35:46
a
35:46
fever.
35:47
I'm
35:47
having
35:47
a
35:47
fever
35:47
dream.
35:48
I
35:48
don't
35:48
know.
35:48
But
35:49
I
35:49
actually
35:49
like
35:50
something
35:50
that
35:50
Mark
35:51
Lorre's
35:51
doing
35:52
now.
35:52
I
35:52
think
35:53
people
35:53
need
35:53
to
35:53
be
35:54
cognizant
35:54
of
35:54
just
35:55
how
35:55
big
35:55
they
35:55
need
35:55
to
35:55
get
35:55
behind
35:56
this
35:56
idea.
35:56
Which
35:57
he's
35:57
very
35:57
good
35:57
at
35:58
doing.
35:58
But
35:59
fundamentally,
36:00
as
36:00
a
36:00
concept,
36:01
I,
36:01
I,
36:01
I
36:02
like
36:02
it
36:02
in
36:02
principle.
36:03
Okay.
36:04
But
36:04
I,
36:04
so
36:05
I,
36:05
one,
36:05
I
36:05
love
36:06
your,
36:06
your
36:06
I,
36:07
your
36:07
concept
36:08
of
36:08
like
36:08
democratizing
36:09
personal
36:10
chefs
36:10
for
36:10
all
36:10
people.
36:11
But
36:11
Chris,
36:11
like,
36:12
if
36:12
you
36:12
had
36:12
a
36:12
personal
36:13
chef,
36:13
what
36:13
is
36:14
the
36:14
beauty
36:14
of
36:15
having
36:15
that
36:15
personal
36:16
chef?
36:17
Like,
36:18
the
36:18
beauty
36:18
of
36:18
it
36:18
is
36:19
like
36:19
all
36:19
the
36:19
ingredients
36:20
that,
36:21
and
36:21
again,
36:21
you're
36:21
gonna,
36:21
there's
36:22
gonna
36:22
be
36:22
have
36:22
to
36:22
be
36:22
a
36:22
high
36:22
willingness
36:23
to
36:23
pay
36:23
for
36:23
this
36:23
too.
36:24
But,
36:24
but,
36:25
but
36:25
the
36:25
beauty
36:26
of
36:26
it
36:26
is
36:26
that
36:27
the
36:27
beauty
36:28
of
36:28
it
36:28
is
36:28
like,
36:28
you
36:28
know,
36:28
if
36:28
you
36:29
have
36:29
dietary
36:29
restrictions
36:30
or
36:30
whatever
36:30
you're
36:30
in
36:31
the
36:31
mood
36:31
for,
36:31
you
36:31
can
36:31
go
36:32
on
36:32
the
36:32
app,
36:32
you
36:32
can
36:33
get
36:33
in,
36:33
you
36:33
can
36:33
actually
36:34
just
36:34
look
36:34
through
36:34
your
36:34
social
36:34
media
36:35
feed
36:35
and
36:35
you
36:36
know,
36:36
with
36:36
AI
36:36
it
36:37
should
36:37
over
36:37
time
36:37
be
36:37
able
36:37
to
36:38
understand
36:38
all
36:38
those
36:38
things.
36:39
So
36:39
it
36:39
can
36:39
serve
36:39
me
36:39
up
36:40
like
36:40
10
36:40
things
36:40
I
36:40
find
36:40
inspiring
36:41
for
36:41
dinner.
36:41
Boom.
36:42
Click
36:42
it.
36:42
I
36:43
want
36:43
it.
36:43
Here
36:43
it
36:43
comes
36:43
to
36:44
my
36:44
house.
36:44
That's,
36:45
that's
36:45
kind
36:45
of
36:45
cool.
36:46
Yeah.
36:46
Well,
36:47
what
36:47
you're
36:47
getting
36:48
to,
36:48
and
36:48
the
36:48
question
36:49
that
36:49
I
36:49
was
36:49
asking
36:50
you
36:50
is
36:50
really,
36:50
you
36:51
have
36:51
choice
36:51
because
36:52
right
36:52
now
36:53
when
36:53
you
36:53
get
36:53
home
36:54
and
36:54
you
36:54
want
36:55
something
36:55
to
36:55
eat,
36:55
you
36:56
either
36:56
have
36:56
the
36:56
option
36:57
of
36:57
making
36:58
it,
36:58
ordering
36:59
all
36:59
the
36:59
ingredients,
37:00
or
37:00
going
37:00
to
37:00
the
37:00
store
37:01
to
37:01
get
37:01
all
37:01
the
37:01
ingredients,
37:02
or
37:03
doordashing
37:04
something
37:04
and
37:05
you
37:05
know,
37:05
you're
37:05
getting
37:05
the
37:06
best
37:06
case
37:06
scenario.
37:07
And
37:07
so
37:07
what
37:07
I
37:07
actually
37:08
really
37:08
like
37:08
about
37:09
this
37:09
is
37:09
that
37:10
when
37:10
you
37:10
look
37:10
at
37:10
all
37:10
the
37:10
pieces
37:11
that
37:11
Lori's
37:12
bringing
37:12
together
37:12
here,
37:13
he's
37:13
bringing
37:14
in
37:14
the
37:14
more
37:15
opportunity
37:15
and
37:16
choice
37:16
for
37:17
the
37:17
consumer.
37:17
I
37:18
think
37:18
it
37:18
still
37:18
plays
37:19
on
37:19
Gen
37:19
Z,
37:20
especially
37:20
their
37:21
willingness
37:21
to
37:21
like
37:22
door
37:22
dash
37:23
anything.
37:24
They'll
37:24
doordash
37:24
food
37:25
instead
37:25
of
37:25
making
37:25
it.
37:25
But
37:26
instead
37:26
of
37:26
worrying
37:27
of
37:27
paying
37:27
the
37:28
fees
37:28
to
37:28
have
37:28
that
37:29
meal
37:29
prepared,
37:30
you
37:30
could
37:30
also
37:31
potentially
37:31
be
37:31
like,
37:32
you
37:32
know
37:32
what?
37:32
I,
37:33
I'm
37:33
in
37:33
the
37:33
mood
37:33
for
37:33
tacos
37:34
tonight.
37:35
And
37:35
you
37:35
can
37:35
do
37:36
Blue
37:36
Apron
37:36
to
37:37
your
37:37
house
37:37
in,
37:38
you
37:38
know,
37:38
no
37:38
time
37:39
at
37:39
all.
37:39
You.
37:39
And
37:40
maybe
37:40
that's
37:40
a
37:40
little
37:40
bit
37:40
less
37:41
than
37:41
ordering
37:42
prepared
37:42
tacos
37:43
from
37:43
your
37:43
local
37:43
taco
37:44
restaurant.
37:44
Like
37:45
there,
37:45
I
37:45
think
37:45
it's
37:45
g
37:46
giving
37:46
people
37:47
a
37:47
little
37:47
bit
37:47
of
37:47
an
37:48
ability
37:48
to
37:48
lever
37:48
up.
37:49
So
37:49
cook
37:49
it,
37:49
you're
37:50
saying,
37:50
if
37:50
you
37:50
want.
37:50
Exactly,
37:51
exactly.
37:52
So
37:52
I
37:52
think
37:52
that's
37:53
the
37:53
smart
37:53
thing
37:53
here.
37:54
Or
37:54
you
37:55
know,
37:55
you're
37:55
getting
37:55
inspired
37:56
by,
37:56
like
37:56
you
37:56
said,
37:57
watching
37:57
a
37:57
cooking
37:57
video
37:58
and
37:58
you
37:58
want
37:58
to
37:58
do
37:58
that
37:59
thing.
37:59
Do
37:59
you
38:00
want
38:00
to
38:01
make
38:01
it
38:01
yourself
38:01
that
38:02
night
38:02
or
38:02
do
38:02
you
38:02
want
38:02
it
38:03
to
38:03
come
38:03
prepared
38:04
for
38:04
you?
38:04
Like,
38:04
I
38:05
think
38:05
it's
38:05
taking
38:05
all
38:06
of.
38:06
Those
38:06
trade
38:06
offs,
38:07
all
38:07
that.
38:07
Yeah,
38:07
exactly.
38:08
That
38:08
you
38:09
cannot
38:09
do
38:09
right
38:10
now.
38:10
And
38:10
that's
38:11
where
38:11
it's
38:11
like,
38:12
if
38:12
we're
38:12
using
38:13
the
38:13
term
38:13
super
38:13
app,
38:14
I
38:14
think
38:14
that's
38:14
where
38:15
the.
38:15
The
38:15
beauty
38:15
of
38:16
this
38:16
is,
38:16
not
38:16
that
38:16
it's
38:16
going
38:17
to
38:17
be
38:17
like
38:17
solving
38:17
all
38:18
of
38:18
your
38:18
problems
38:18
and
38:19
you
38:19
only
38:19
have
38:19
one
38:20
app
38:20
that
38:20
you're
38:21
like,
38:21
it's
38:21
not
38:21
Alibaba
38:22
or
38:22
something
38:22
in
38:23
China.
38:23
It's
38:23
really
38:23
just
38:24
how
38:24
do
38:24
you
38:24
figure
38:25
out
38:25
how
38:25
to
38:25
give
38:25
people
38:26
the
38:26
most
38:26
cost
38:27
benefit
38:28
and
38:28
convenience
38:29
benefit
38:29
here
38:30
to
38:30
get
38:30
what
38:30
they
38:30
want
38:31
in
38:31
a
38:31
shorter
38:32
amount
38:32
of
38:32
time
38:32
that
38:32
Blue
38:33
Apron
38:33
couldn't
38:33
do
38:33
on
38:34
their
38:34
own,
38:34
GrubHub
38:34
can't
38:35
do
38:35
on
38:35
their
38:35
own.
38:36
And
38:36
now,
38:37
finally,
38:37
you
38:38
have
38:38
an
38:39
advertising
38:39
platform
38:40
where
38:41
all
38:41
of
38:41
these
38:41
brands
38:42
now
38:42
can
38:43
potentially
38:44
come
38:44
in
38:44
to
38:45
help,
38:45
maybe
38:45
even
38:46
subsidize
38:46
some
38:46
of
38:46
those
38:47
delivery
38:47
fees
38:48
like
38:48
that.
38:48
All
38:48
of
38:49
this
38:49
money
38:49
is
38:49
being
38:50
fueled
38:50
into
38:51
this
38:51
organization
38:51
to
38:52
again,
38:52
continue
38:53
to
38:53
provide
38:53
maybe
38:54
more
38:54
opportunities
38:55
now
38:55
for
38:56
consumers
38:56
to
38:56
get
38:57
this
38:57
at
38:57
a
38:57
lower
38:57
price.
38:58
Like
38:58
you.
38:58
You
38:58
watch
38:59
the
38:59
full
38:59
video
39:00
or
39:00
the
39:00
full
39:00
ad
39:00
like
39:01
we
39:01
do
39:01
on
39:01
YouTube,
39:01
and
39:01
then
39:01
you
39:02
get
39:02
$5
39:03
off
39:03
at
39:03
the
39:03
end
39:04
your
39:04
delivery
39:05
or
39:05
you
39:05
get
39:05
free
39:05
delivery.
39:06
Like,
39:06
there's
39:06
so
39:06
many
39:07
levers
39:07
here
39:08
that
39:08
I
39:08
think
39:08
Mark
39:09
Laurie
39:09
is.
39:09
Is
39:09
very
39:10
smartly
39:11
positioning
39:11
for
39:12
the
39:12
next
39:12
generation
39:13
of
39:13
food
39:14
consumption
39:14
and
39:14
ordering.
39:15
So
39:15
that's.
39:16
That's
39:16
where
39:16
I
39:16
think
39:17
the
39:17
magic
39:17
really,
39:18
really
39:18
comes
39:18
into
39:19
play
39:19
here.
39:19
Yeah,
39:20
yeah,
39:20
right.
39:21
Yeah.
39:21
No,
39:21
you
39:21
bring
39:21
up
39:21
some
39:21
good
39:21
points.
39:22
The
39:22
devil's,
39:22
of
39:22
course,
39:22
in
39:22
the
39:22
details
39:23
of
39:23
can
39:23
you
39:23
actually
39:23
make
39:23
this
39:24
work
39:24
at.
39:24
Oh,
39:25
God,
39:25
like.
39:25
Like
39:26
assembling
39:26
all
39:27
those
39:27
ingredients
39:27
and
39:28
getting
39:28
them
39:28
to
39:28
be
39:28
able
39:28
to
39:29
do
39:29
this?
39:29
It
39:29
just
39:29
seems,
39:30
like,
39:30
impossible
39:31
to
39:31
me
39:31
without,
39:32
you
39:32
know,
39:32
charging
39:33
just
39:33
a
39:33
hell
39:33
of
39:33
a
39:33
lot
39:33
of
39:33
money.
39:34
But
39:34
I
39:34
don't
39:34
know.
39:34
Maybe.
39:35
But
39:35
I
39:35
think
39:36
the
39:36
point
39:36
you're
39:36
bringing
39:36
up,
39:36
though,
39:36
is
39:37
really
39:37
interesting.
39:37
Is
39:37
like,
39:38
you
39:38
know,
39:38
the
39:38
one.
39:38
It
39:39
is
39:39
a
39:39
universal
39:39
point
39:40
of
39:40
friction.
39:40
Food,
39:41
you
39:41
know,
39:41
and
39:41
what
39:41
we
39:42
eat
39:42
is
39:43
constrained
39:43
by
39:43
what
39:44
we
39:44
have
39:44
available
39:44
and
39:45
what
39:45
we
39:45
know
39:45
how
39:45
to
39:45
do.
39:46
And
39:46
so
39:46
this
39:46
is
39:47
eliminating
39:47
that
39:48
point
39:48
of
39:48
friction
39:49
in
39:49
people's
39:49
lives,
39:50
potentially
39:50
as
39:51
a
39:51
concept,
39:51
because
39:51
it
39:52
gives
39:52
you
39:52
choice.
39:52
And,
39:53
you
39:53
know,
39:53
what
39:53
does
39:53
Bezos
39:54
always
39:54
say?
39:54
Choice
39:54
is
39:55
one
39:55
of
39:55
the
39:55
universal
39:55
truths
39:56
of
39:56
the
39:57
human
39:57
psyche.
39:57
And
39:58
so
39:58
I
39:58
think
39:58
you're
39:58
hitting
39:58
on
39:58
it.
39:59
And
39:59
I
39:59
think,
39:59
yeah,
40:00
so
40:00
we
40:00
both
40:00
like
40:00
this.
40:01
I'm
40:01
surprised.
40:01
I
40:01
was
40:01
kind
40:02
of
40:02
surprised
40:02
that
40:02
you're
40:02
kind
40:02
of
40:03
in
40:03
on
40:03
this,
40:03
too.
40:03
So
40:04
that's
40:04
fascinating.
40:05
Well,
40:06
at
40:06
this
40:06
point
40:06
in
40:06
time,
40:07
like,
40:07
if
40:07
Mark
40:07
Laurie
40:08
is
40:08
going
40:08
to
40:08
do
40:08
it,
40:08
I
40:08
need
40:09
to
40:09
learn
40:09
a
40:09
thing
40:09
or
40:10
two.
40:10
He
40:10
needs
40:10
to
40:10
write
40:10
a
40:11
book
40:11
so
40:11
we
40:11
can
40:11
all
40:11
learn
40:12
how
40:12
to.
40:12
How
40:12
to
40:12
just
40:13
like,
40:13
open
40:13
our
40:13
mouths
40:14
and
40:14
no
40:14
Words
40:15
come
40:15
out
40:15
and
40:15
people
40:15
just
40:15
start
40:16
throwing
40:16
money
40:16
at
40:16
us.
40:17
This
40:17
is.
40:17
I,
40:17
I
40:18
need
40:18
to
40:18
figure
40:18
out
40:18
how
40:18
to,
40:19
how
40:19
I
40:19
can
40:19
make
40:20
a
40:20
career
40:20
out
40:20
of
40:20
that.
40:21
So
40:21
I'll
40:21
follow.
40:21
Interesting.
40:22
Until
40:22
this,
40:23
yeah,
40:24
until
40:24
the,
40:24
until,
40:25
you
40:25
know,
40:25
until
40:25
we
40:26
find
40:26
out
40:26
what
40:26
happens,
40:26
you
40:26
know,
40:26
we'll
40:27
probably
40:27
follow
40:27
him
40:27
on
40:27
the
40:27
next
40:28
one
40:28
too.
40:28
It's
40:28
an
40:28
interesting
40:29
pivot
40:29
though,
40:29
too.
40:30
Like,
40:30
you
40:30
know,
40:30
they
40:30
start
40:30
out
40:30
with
40:31
the
40:31
food
40:31
trucks
40:31
and
40:31
we're
40:31
always
40:32
like,
40:32
how's
40:32
that
40:32
going
40:32
to
40:33
scale?
40:33
You
40:33
can't
40:33
scale
40:34
that.
40:34
You
40:34
can't
40:34
have
40:34
food
40:34
trucks
40:35
everywhere.
40:35
You
40:35
know,
40:36
that's
40:36
just
40:36
not
40:36
economical
40:37
because
40:37
you
40:37
need
40:37
one
40:37
everywhere
40:38
you
40:38
go.
40:38
But,
40:38
you
40:39
know,
40:39
if
40:39
they
40:39
can
40:39
find
40:39
a
40:40
centralized
40:40
kitchen,
40:40
you
40:40
know,
40:41
and
40:41
figure
40:41
this
40:41
out.
40:41
I
40:41
don't
40:42
know.
40:42
I,
40:42
I.
40:43
Greater
40:43
men
40:43
than
40:44
you
40:44
and
40:44
greater
40:44
men
40:45
and
40:45
women
40:45
and
40:45
everyone
40:46
else
40:46
than
40:46
you
40:46
and
40:46
I
40:46
have,
40:47
have,
40:48
have
40:48
probably
40:48
more
40:49
experience
40:49
on,
40:49
on
40:49
the,
40:50
the
40:50
cloud
40:50
kitchen
40:51
aspect
40:51
of
40:51
this
40:51
and,
40:52
But,
40:52
God,
40:52
I,
40:53
it's
40:53
audacious.
40:54
Okay,
40:55
well,
40:55
we're
40:55
going
40:55
to
40:55
move
40:55
from
40:56
cloud
40:56
kitchens
40:57
to
40:57
Irish
40:57
pubs,
40:58
so
40:58
let's
40:58
go
40:59
to
40:59
the
40:59
Lightning.
41:00
Now
41:00
we're
41:00
talking
41:02
question
41:02
number
41:02
one
41:03
for
41:03
you.
41:03
Heineken
41:04
is
41:04
helping
41:04
fourth
41:05
generation
41:05
Irish
41:06
pub
41:06
owner
41:06
Joe
41:07
Joseph
41:07
Josie
41:08
McLaughlin,
41:09
who
41:09
owns
41:09
McLaughlin's
41:10
Bar,
41:11
to
41:11
find
41:12
his
41:12
next
41:12
successor.
41:13
The
41:13
only
41:14
requirement
41:15
that
41:15
Josie
41:16
has
41:16
here
41:16
is
41:16
that
41:16
you
41:17
must
41:17
have
41:17
the
41:17
last
41:18
name
41:18
McLaughlin.
41:19
Chris,
41:19
I'm
41:20
wondering,
41:20
would
41:21
you
41:21
consider
41:21
changing
41:22
your
41:22
last
41:22
name
41:22
From
41:23
Walton
41:23
to
41:23
McLaughlin
41:24
to
41:24
save
41:24
this
41:24
man's
41:25
family
41:25
bar
41:25
and
41:26
move
41:26
to
41:26
Western
41:27
Ireland
41:27
for
41:28
a
41:28
new
41:28
career
41:29
as
41:29
a
41:29
barkeep?
41:30
Too
41:31
right,
41:31
I
41:31
would
41:31
add.
41:32
Too
41:32
right
41:32
I
41:32
would
41:32
add.
41:33
And
41:33
as
41:33
Irish
41:33
would
41:33
say,
41:34
I
41:34
might
41:34
as
41:34
well
41:34
be
41:34
hung
41:34
for
41:35
sheep
41:35
as
41:35
I
41:35
am
41:35
hung
41:35
for
41:36
a
41:36
lamb.
41:36
Because
41:37
I
41:37
mean,
41:37
my
41:37
question
41:38
would
41:38
be,
41:38
how
41:38
long,
41:39
how
41:39
long
41:39
does,
41:40
how
41:41
long
41:41
does
41:41
it
41:41
take
41:41
to
41:42
do
41:42
the
41:42
name
41:42
change?
41:43
I
41:43
don't
41:43
know
41:43
if
41:43
they'd
41:43
want
41:43
me
41:44
running
41:44
a
41:44
bar.
41:44
I
41:44
don't
41:45
know
41:45
if
41:45
I'd
41:45
actually
41:45
want
41:45
to
41:46
at
41:46
the
41:46
end
41:46
of
41:46
the
41:46
day.
41:46
But
41:46
yeah,
41:47
sign
41:47
me
41:47
up.
41:48
Oh,
41:48
my
41:48
God,
41:50
man.
41:51
Yeah.
41:51
Yeah.
41:51
Why
41:51
didn't
41:51
you
41:52
know?
41:52
I
41:52
don't
41:52
get
41:52
that,
41:52
I
41:53
don't
41:53
get
41:53
that
41:53
expression.
41:54
Yeah,
41:54
it
41:54
just
41:55
means
41:55
like
41:55
that.
41:56
I
41:56
don't
41:56
know,
41:56
let's
41:56
look
41:57
it
41:57
up
41:57
later.
41:57
I
41:57
can't
41:57
explain
41:58
it
41:58
either,
41:58
but
41:59
I,
41:59
I
41:59
know
42:00
I
42:00
become
42:00
Seamus
42:01
O'Walton
42:01
for
42:01
an
42:02
Irish
42:02
bar.
42:02
Yes.
42:02
100.
42:03
All
42:03
right.
42:04
God.
42:04
Next
42:04
one.
42:05
Unimpressed
42:05
Mariah
42:06
Carey
42:07
went
42:07
viral
42:07
this
42:07
week
42:08
for
42:08
her
42:08
reaction
42:08
to
42:09
I
42:09
heart
42:09
music
42:10
to
42:10
iheartradio
42:11
music
42:12
awards
42:12
2025
42:13
tribute.
42:14
What
42:15
is
42:15
one
42:15
time
42:15
you
42:16
remember
42:16
not
42:16
reacting
42:17
to
42:17
something
42:17
the
42:17
way
42:18
those
42:18
around
42:18
you
42:19
expected
42:19
that
42:19
you
42:20
should?
42:21
I'm
42:22
Wondering
42:22
if
42:23
you
42:23
had
42:23
something
42:23
in
42:24
mind
42:24
when
42:25
you.
42:25
Like,
42:25
I
42:25
didn't.
42:26
If
42:26
there's
42:26
something.
42:27
Okay.
42:27
I
42:27
was
42:27
like,
42:27
I'm
42:28
trying
42:28
to
42:28
think
42:28
if
42:29
I've
42:29
done
42:29
that.
42:30
Like,
42:30
when
42:30
we've
42:30
been
42:30
working
42:31
together,
42:32
the
42:32
only
42:32
thing
42:32
I
42:32
could
42:33
think
42:33
of
42:33
was
42:33
my
42:33
30th
42:34
birthday.
42:34
But
42:34
that
42:35
is
42:35
a
42:35
long
42:36
story.
42:36
I
42:36
had
42:36
a.
42:37
My
42:38
husband
42:38
at
42:38
the
42:38
time
42:38
had
42:38
a
42:39
surprise
42:39
birthday
42:39
party
42:40
for
42:40
me,
42:41
and
42:42
it
42:43
was
42:43
like,
42:43
there's
42:44
a
42:44
lot
42:44
of
42:44
things.
42:44
He
42:45
held
42:45
it
42:45
on
42:45
my
42:46
dad's
42:46
birthday,
42:47
which.
42:48
And,
42:48
yeah,
42:49
I
42:49
don't.
42:50
We'll
42:50
have
42:50
a
42:50
drink
42:50
and
42:51
talk
42:51
about
42:51
this
42:51
for
42:52
a
42:52
much
42:52
longer
42:53
time,
42:53
because
42:53
there's
42:53
a
42:54
lot
42:54
of
42:54
things
42:54
that.
42:56
That
42:56
did
42:57
not
42:57
go
42:57
right
42:58
at
42:58
that
42:58
party.
42:59
We'll
42:59
just
42:59
say
42:59
that
43:00
you're
43:00
not
43:00
stoked
43:00
by
43:00
the
43:01
attempt.
43:01
Yeah,
43:02
no,
43:02
I
43:02
was
43:02
not
43:03
surprised.
43:03
I
43:04
was
43:04
concerned.
43:05
We'll
43:05
put
43:05
it
43:05
that
43:06
way.
43:06
So
43:06
anyway,
43:07
that
43:07
was
43:08
the
43:08
first
43:08
thing
43:08
that
43:08
came
43:09
to
43:09
mind.
43:09
So
43:11
I
43:12
didn't
43:12
have
43:12
anything
43:12
in
43:12
my
43:12
history
43:12
about
43:13
this.
43:13
No,
43:13
I.
43:14
I
43:14
honestly.
43:14
I
43:14
know.
43:15
I
43:15
can't
43:15
even
43:15
think
43:15
of
43:15
one
43:16
now,
43:16
so.
43:16
Yeah.
43:17
All
43:17
right.
43:18
All
43:18
right,
43:19
Chris.
43:19
The
43:20
Four
43:20
Seasons
43:20
resorts
43:21
are
43:21
offering
43:22
a
43:22
20.
43:22
Or.
43:23
Sorry,
43:23
a
43:23
$200,000
43:25
excursion.
43:26
Not
43:26
20,000.
43:27
No,
43:27
no.
43:28
That
43:28
takes
43:28
you
43:29
via
43:29
private
43:30
jet
43:30
to
43:30
all
43:30
three
43:31
of
43:31
their
43:31
locations
43:32
where
43:32
White
43:32
Lotus
43:33
seasons
43:33
one
43:34
through
43:34
three
43:34
have
43:35
been
43:35
filmed.
43:36
If
43:36
you
43:36
had
43:36
$200,000
43:37
to
43:37
spend
43:38
on
43:38
a
43:38
vacation,
43:38
is
43:39
this
43:39
a
43:39
trip
43:40
that
43:40
you
43:40
would
43:40
consider.
43:42
My
43:42
God,
43:43
yes,
43:43
100%.
43:44
And,
43:44
yeah,
43:45
if
43:45
I
43:45
had
43:46
$200,000
43:46
to
43:47
spend
43:47
frivolously
43:48
on
43:48
stuff
43:48
like
43:48
this.
43:48
Yes,
43:49
100%.
43:49
I
43:50
mean,
43:50
white
43:50
Lotus
43:51
is
43:51
the
43:51
best
43:52
vacation
43:52
porn
43:53
that
43:53
there
43:53
is.
43:54
My
43:54
question
43:54
is,
43:55
where
43:55
is
43:55
season
43:55
four
43:56
and
43:56
where
43:56
do
43:56
you
43:56
think
43:56
they
43:56
go?
43:56
I
43:57
mean,
43:57
I
43:57
kind
43:57
of
43:57
want
43:57
them
43:58
to
43:58
do,
43:58
like,
43:58
the
43:58
mountain
43:59
or
43:59
skiing
43:59
version,
43:59
but
44:00
I
44:00
don't
44:00
know
44:00
if
44:00
you
44:00
can
44:00
make
44:00
that
44:01
sexy
44:01
enough.
44:01
I
44:02
don't
44:02
know.
44:02
You
44:02
know?
44:03
Like,
44:03
I.
44:03
I
44:03
don't
44:03
know,
44:04
but
44:04
I'm
44:04
curious.
44:05
We.
44:05
You
44:05
know,
44:05
my
44:05
wife
44:06
and
44:06
I
44:06
debate
44:06
that
44:06
all
44:07
the
44:07
time.
44:07
Like,
44:07
where
44:07
is
44:07
the
44:08
next
44:08
one
44:08
going
44:08
to
44:09
be?
44:09
You
44:09
know,
44:09
we're
44:09
like,
44:10
yeah,
44:10
the
44:10
Maldives.
44:11
Go
44:11
to
44:11
the
44:11
Maldives.
44:12
Like,
44:12
what
44:12
do
44:12
you
44:12
do?
44:13
You
44:13
know?
44:13
Or.
44:13
Or
44:14
South
44:15
America,
44:16
probably.
44:17
Yeah.
44:17
Where's
44:17
it
44:17
going
44:18
next?
44:18
You
44:18
know,
44:18
But.
44:19
But,
44:19
yeah,
44:19
that.
44:20
So,
44:20
yes,
44:20
100%.
44:21
Yeah,
44:22
I'm
44:22
all
44:22
about
44:22
it.
44:23
All
44:23
right,
44:23
last
44:24
one.
44:24
The
44:25
Happy
44:25
Gilmore
44:26
2
44:26
trailer
44:27
is
44:27
out.
44:27
And
44:29
your
44:29
three
44:30
favorite
44:30
Adam
44:31
Sandler
44:31
movies,
44:33
Billy
44:34
Madison.
44:35
That's
44:35
where
44:35
I
44:35
remember.
44:36
When
44:36
you
44:36
were
44:36
seeing
44:37
Carl,
44:37
do
44:37
you
44:37
remember
44:37
that
44:38
reference
44:38
where
44:39
he's
44:39
like,
44:39
carl?
44:40
Yeah.
44:41
Carl's
44:41
trying
44:42
to
44:42
tell
44:42
him
44:42
he
44:42
can't
44:42
spend
44:42
his
44:43
money.
44:44
Billy
44:44
Madison.
44:45
Happy
44:45
Gilmore
44:46
and
44:46
then
44:46
Uncut
44:47
Gems.
44:47
I
44:48
loved
44:48
that
44:48
movie.
44:49
I
44:49
love
44:49
Uncut
44:49
Gems.
44:49
That
44:49
was
44:50
in
44:50
my.
44:50
My
44:50
three,
44:50
too.
44:51
Yeah.
44:51
What
44:51
are
44:51
yours?
44:52
Yeah,
44:53
mine
44:53
are
44:55
Happy
44:55
Gilmore,
44:56
probably
44:56
Happy
44:57
Gilmore
44:57
number
44:57
one,
44:58
Uncut
44:58
Gems
44:58
number
44:59
two,
44:59
and
45:00
then
45:00
Big
45:00
Daddy
45:01
number
45:01
three,
45:01
I
45:01
like.
45:02
Oh,
45:02
that
45:03
was
45:03
cute,
45:03
too.
45:04
I
45:04
forgot
45:04
about
45:04
that
45:04
one.
45:05
But
45:05
no,
45:06
Billy
45:06
Master
45:07
all
45:07
the
45:07
Way,
45:07
too.
45:07
I
45:08
don't
45:08
remember
45:08
what
45:08
that's
45:08
called,
45:08
but
45:09
he
45:09
did
45:09
that
45:09
basketball
45:10
movie,
45:10
too,
45:10
which
45:11
I
45:11
can't
45:11
for
45:12
the
45:12
life
45:12
of
45:12
me
45:12
remember
45:12
the
45:12
name
45:13
of
45:13
it,
45:13
but.
45:13
Yeah,
45:13
no,
45:13
he's
45:14
got
45:14
a.
45:14
He's
45:14
got
45:14
a.
45:15
Quite
45:15
the
45:15
encyclopedia
45:16
of
45:16
good
45:17
films.
45:18
And
45:18
you're.
45:19
You're
45:19
not
45:19
coming
45:19
to
45:20
my
45:20
bar
45:20
mitzvah
45:21
was
45:21
actually
45:21
very
45:21
good,
45:22
too.
45:22
You're.
45:22
You're
45:23
absolutely
45:23
not
45:23
invited
45:24
to
45:24
my
45:24
bar
45:24
mitzvah.
45:25
It's
45:25
like
45:25
his
45:25
whole
45:25
family's
45:26
in
45:26
that
45:26
movie.
45:26
It
45:26
was
45:27
very,
45:27
very
45:27
well
45:27
done.
45:28
Yeah,
45:28
I
45:28
thought
45:28
it
45:28
was
45:29
Wedding
45:30
Singer's
45:30
good,
45:30
too.
45:30
And
45:31
that's
45:31
another
45:31
good
45:31
one.
45:32
You
45:32
know,
45:32
Remember
45:32
the
45:32
Wedding
45:33
Singer?
45:33
That
45:33
almost.
45:34
Or
45:34
what
45:34
was
45:34
the
45:34
Bobby
45:35
Boucher
45:35
one,
45:36
too?
45:37
The
45:38
Water
45:38
Boy.
45:39
The
45:39
Water
45:39
Boy.
45:40
Yeah,
45:40
that
45:40
one
45:40
was
45:40
funny.
45:41
That
45:41
was
45:41
a
45:41
good
45:41
one,
45:41
too.
45:42
I've
45:42
never
45:42
seen.
45:42
They're
45:42
all.
45:43
The
45:43
Water
45:43
Boy.
45:43
They're
45:44
all
45:44
good.
45:44
Yeah,
45:45
he's.
45:45
He's
45:45
a
45:45
unique
45:46
talent.
45:46
They're,
45:46
they're.
45:47
They're
45:47
all.
45:47
They're
45:48
all
45:48
marginally
45:48
good.
45:48
Some
45:48
are
45:49
marginally
45:49
better
45:49
than
45:49
others.
45:50
All
45:50
right,
45:50
happy
45:50
birthday
45:51
today
45:51
to
45:52
Bruce
45:52
Willis,
45:53
Theo
45:53
Vaughn.
45:54
Shout
45:54
out
45:55
to
45:55
him
45:55
for
45:55
making
45:55
the
45:55
podcast.
45:56
And
45:56
to
45:56
the
45:57
woman
45:57
who
45:57
made
45:57
Shower
45:58
Crying
45:58
an
45:58
art
45:59
form
45:59
in
45:59
the
45:59
Big
45:59
Chill,
46:00
the
46:00
great
46:00
Glenn
46:01
Close.
46:01
And
46:01
remember,
46:02
if
46:02
you
46:02
can
46:02
only
46:02
read
46:02
or
46:03
listen
46:03
to
46:03
one
46:03
retail
46:03
blog
46:04
in
46:04
the
46:04
business,
46:04
make
46:04
it
46:05
Omnitok,
46:05
the
46:05
only
46:05
retail
46:06
media
46:06
outlet
46:06
run
46:07
by
46:07
two
46:07
former
46:07
executives
46:08
from
46:08
a
46:08
current
46:08
top
46:08
10
46:09
US
46:09
retailer.
46:10
Our
46:10
Fast
46:10
Five
46:10
podcast
46:11
is
46:11
the
46:11
quickest,
46:12
fastest
46:12
rundown
46:12
of
46:12
all
46:13
the
46:13
week's
46:13
top
46:13
news.
46:14
Our
46:14
daily
46:14
newsletter,
46:15
the
46:15
Retail
46:15
Daily
46:15
Minute,
46:16
tells
46:16
you
46:16
all
46:16
you
46:16
need
46:16
to
46:16
know
46:17
each
46:17
day.
46:17
Stay
46:18
on
46:18
top
46:18
of
46:18
your
46:18
game
46:18
as
46:19
a
46:19
retail
46:19
executive
46:19
and
46:19
also
46:20
regularly
46:20
feature
46:21
special
46:21
content
46:22
that
46:22
is
46:22
exclusive
46:22
to
46:23
us
46:23
and
46:23
that
46:23
Ann
46:24
and
46:24
I
46:24
take
46:24
a
46:24
lot
46:24
of
46:25
pride
46:25
in
46:25
doing
46:25
just
46:26
for
46:26
you.
46:26
Thanks
46:26
as
46:27
always
46:27
for
46:27
listening
46:27
in.
46:27
Please
46:28
remember
46:28
to
46:28
like
46:28
and
46:28
leave
46:29
us
46:29
a
46:29
review
46:29
wherever
46:29
you
46:30
happen
46:30
to
46:30
listen
46:30
to
46:30
your
46:31
podcast
46:31
or
46:31
on
46:31
YouTube
46:32
can
46:32
follow
46:32
us
46:33
today
46:33
by
46:33
simply
46:33
going
46:33
to
46:34
YouTube.com
46:35
omnitalkretail
46:37
so
46:38
until
46:38
next
46:38
week,
46:38
we'll
46:38
be
46:39
out
46:39
at
46:39
Shop
46:39
Talk,
46:40
broadcasting
46:40
from
46:41
the
46:41
Expo
46:42
hall
46:42
floor.
46:43
Until
46:43
then,
46:43
on
46:44
behalf
46:44
of
46:44
all
46:44
of
46:44
us
46:44
at
46:45
omnitalk,
46:45
as
46:46
always,
46:46
be
46:46
careful
46:47
out
46:47
there.