Latest / Omni Talk Retail / Is Walmart’s AI Reset the Future of Retail Leadership? | Fast Five Shorts

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Is Walmart’s AI Reset the Future of Retail Leadership? | Fast Five Shorts · Omni Talk Retail

• 0:00
  Walmart
• 0:00
  announces
• 0:01
  sweeping
• 0:02
  leadership
• 0:02
  changes
• 0:02
  as
• 0:03
  incoming
• 0:03
  President
• 0:03
  and
• 0:04
  CEO
• 0:04
  John
• 0:05
  Furner
• 0:05
  reorganizes
• 0:06
  the
• 0:06
  company
• 0:07
  to
• 0:07
  focus
• 0:07
  on
• 0:07
  AI
• 0:08
  driven
• 0:08
  retail
• 0:09
  transformation.
• 0:10
  According
• 0:10
  to
• 0:10
  a
• 0:10
  Walmart
• 0:11
  press
• 0:11
  release,
• 0:11
  the
• 0:11
  Board
• 0:12
  of
• 0:12
  Directors
• 0:12
  has
• 0:12
  elected
• 0:13
  new
• 0:13
  leaders
• 0:13
  to
• 0:14
  Walmart
• 0:14
  Inc.
• 0:14
  S
• 0:14
  Executive
• 0:15
  Council
• 0:16
  with
• 0:16
  all
• 0:16
  changes
• 0:16
  effective
• 0:17
  February
• 0:17
  1,
• 0:18
  2026.
• 0:19
  Seth
• 0:19
  Diller
• 0:20
  is
• 0:20
  elevated
• 0:20
  to
• 0:21
  Executive
• 0:21
  Vice
• 0:22
  President
• 0:22
  and
• 0:22
  Chief
• 0:23
  Growth
• 0:23
  Officer
• 0:23
  for
• 0:24
  Walmart
• 0:24
  Inc.
• 0:24
  Overseeing
• 0:25
  global
• 0:25
  enterprise
• 0:26
  platforms
• 0:26
  including
• 0:27
  Walmart
• 0:27
  Connect,
• 0:28
  Walmart
• 0:28
  plus
• 0:29
  Walmart
• 0:29
  Data
• 0:29
  Ventures,
• 0:30
  Vizio
• 0:30
  and
• 0:31
  a
• 0:31
  global
• 0:31
  marketplace
• 0:32
  platform.
• 0:32
  David
• 0:33
  Gugina,
• 0:33
  currently
• 0:34
  EVP
• 0:34
  and
• 0:34
  Chief
• 0:35
  E
• 0:35
  Commerce
• 0:35
  Officer
• 0:36
  for
• 0:36
  Walmart
• 0:36
  US
• 0:36
  becomes
• 0:37
  President
• 0:37
  and
• 0:37
  CEO
• 0:38
  of
• 0:38
  Walmart
• 0:39
  US.
• 0:40
  Under
• 0:40
  his
• 0:40
  leadership,
• 0:41
  Walmart
• 0:41
  built
• 0:41
  industry
• 0:42
  leading
• 0:42
  delivery
• 0:42
  capabilities
• 0:43
  serving
• 0:43
  95%
• 0:44
  of
• 0:44
  US
• 0:45
  households
• 0:45
  in
• 0:45
  under
• 0:46
  three
• 0:46
  hours.
• 0:47
  And
• 0:47
  Chris
• 0:47
  Nicholas
• 0:48
  moves
• 0:48
  from
• 0:48
  President
• 0:49
  and
• 0:49
  CEO
• 0:49
  of
• 0:49
  Sam's
• 0:50
  Club
• 0:50
  to
• 0:50
  President
• 0:50
  and
• 0:51
  CEO
• 0:51
  of
• 0:51
  Walmart
• 0:52
  International
• 0:53
  succeeding
• 0:53
  Kath
• 0:53
  McClay
• 0:54
  while
• 0:55
  Latrice
• 0:55
  Watkins
• 0:55
  becomes
• 0:56
  the
• 0:56
  new
• 0:56
  President
• 0:57
  and
• 0:57
  CEO
• 0:57
  of
• 0:58
  Sam's
• 0:58
  Club
• 0:58
  US
• 0:59
  furnish
• 1:00
  stated
• 1:00
  quote
• 1:00
  as
• 1:01
  AI
• 1:01
  rapidly
• 1:02
  reshapes
• 1:03
  retail,
• 1:03
  we
• 1:03
  are
• 1:03
  centralizing
• 1:04
  our
• 1:04
  platforms
• 1:05
  to
• 1:05
  accelerate
• 1:06
  shared
• 1:06
  capabilities,
• 1:06
  freeing
• 1:07
  up
• 1:07
  our
• 1:07
  operating
• 1:08
  segments
• 1:08
  to
• 1:08
  be
• 1:08
  more
• 1:09
  focused
• 1:10
  on
• 1:11
  and
• 1:11
  closer
• 1:11
  to
• 1:12
  our
• 1:12
  customers
• 1:12
  and
• 1:13
  members.
• 1:13
  End
• 1:13
  quote.
• 1:13
  Whew.
• 1:14
  That
• 1:14
  was
• 1:15
  a
• 1:15
  big
• 1:15
  read
• 1:15
  for
• 1:15
  me
• 1:16
  to
• 1:16
  start
• 1:16
  out
• 1:16
  the
• 1:16
  day.
• 1:17
  Yep,
• 1:17
  we're
• 1:17
  gonna
• 1:17
  put
• 1:17
  you
• 1:17
  on
• 1:18
  the
• 1:18
  spot
• 1:18
  straight
• 1:18
  away
• 1:18
  too,
• 1:19
  which
• 1:19
  is
• 1:19
  typical
• 1:19
  on
• 1:20
  this
• 1:20
  show.
• 1:20
  It
• 1:20
  feels
• 1:20
  like
• 1:20
  the
• 1:20
  A
• 1:21
  and
• 1:21
  M
• 1:21
  can
• 1:21
  consumer
• 1:21
  and
• 1:22
  retail
• 1:22
  group
• 1:22
  is
• 1:22
  liking
• 1:22
  to
• 1:23
  start
• 1:23
  us
• 1:23
  off
• 1:23
  each
• 1:24
  week
• 1:24
  with
• 1:24
  their
• 1:24
  questions.
• 1:25
  So
• 1:25
  here
• 1:25
  it
• 1:25
  is,
• 1:25
  the
• 1:26
  put
• 1:26
  you
• 1:26
  on
• 1:26
  the
• 1:26
  spot
• 1:27
  question
• 1:27
  of
• 1:27
  the
• 1:27
  week
• 1:27
  from
• 1:27
  A
• 1:28
  and
• 1:28
  M.
• 1:28
  With
• 1:29
  these
• 1:29
  changes,
• 1:30
  John
• 1:30
  appears
• 1:31
  to
• 1:31
  be
• 1:31
  organizing
• 1:32
  for
• 1:32
  continued
• 1:32
  push
• 1:33
  and
• 1:33
  disruption
• 1:34
  in
• 1:34
  the
• 1:34
  digital
• 1:34
  space
• 1:35
  in
• 1:35
  Walmart's
• 1:36
  next
• 1:36
  era.
• 1:37
  Stepping
• 1:37
  back
• 1:38
  for
• 1:38
  organizations
• 1:39
  both
• 1:39
  large
• 1:39
  and
• 1:39
  small,
• 1:40
  they
• 1:40
  they're
• 1:40
  hitting
• 1:41
  your
• 1:41
  HR
• 1:41
  expertise.
• 1:42
  What
• 1:42
  is
• 1:42
  your
• 1:42
  take
• 1:43
  on
• 1:43
  the
• 1:43
  proliferating
• 1:44
  Chief
• 1:45
  Growth
• 1:45
  Officer
• 1:46
  role
• 1:46
  across
• 1:46
  retail
• 1:47
  and
• 1:47
  cpg?
• 1:48
  And
• 1:48
  what
• 1:48
  must
• 1:49
  be
• 1:49
  true
• 1:49
  for
• 1:49
  it
• 1:50
  to
• 1:50
  successfully
• 1:50
  add
• 1:51
  incremental
• 1:51
  value
• 1:52
  alongside
• 1:53
  executive
• 1:53
  decision
• 1:54
  makers
• 1:54
  like
• 1:54
  business
• 1:54
  unit
• 1:55
  presidents,
• 1:56
  CMOs
• 1:57
  and
• 1:57
  heads
• 1:57
  of
• 1:57
  sale.
• 1:58
  Better
• 1:58
  you
• 1:59
  than
• 1:59
  me,
• 1:59
  my
• 1:59
  friend.
• 2:00
  The
• 2:00
  floor
• 2:00
  is
• 2:01
  yours.
• 2:02
  Yeah,
• 2:02
  that
• 2:02
  is
• 2:02
  a
• 2:03
  long
• 2:03
  question
• 2:04
  of
• 2:04
  the
• 2:05
  week.
• 2:05
  My
• 2:05
  favorite
• 2:06
  part
• 2:06
  of
• 2:06
  this
• 2:06
  headline
• 2:06
  is
• 2:07
  actually
• 2:07
  the
• 2:07
  part
• 2:07
  that
• 2:07
  says
• 2:08
  they're
• 2:08
  freeing
• 2:08
  up
• 2:08
  our
• 2:09
  operating
• 2:09
  segments
• 2:10
  to
• 2:10
  be
• 2:10
  more
• 2:10
  focused
• 2:11
  on
• 2:11
  and
• 2:11
  closer
• 2:11
  to
• 2:12
  the
• 2:12
  customer.
• 2:14
  That's
• 2:15
  the
• 2:15
  part
• 2:15
  that
• 2:15
  stands
• 2:15
  out
• 2:15
  to
• 2:15
  me.
• 2:16
  I
• 2:16
  don't
• 2:16
  think
• 2:16
  any
• 2:16
  of
• 2:16
  these
• 2:17
  promotions
• 2:18
  necessarily
• 2:18
  the
• 2:18
  people
• 2:19
  that
• 2:19
  were
• 2:19
  promoted
• 2:19
  to
• 2:19
  different
• 2:20
  roles,
• 2:20
  I
• 2:20
  don't
• 2:20
  think
• 2:20
  all
• 2:20
  of
• 2:21
  that
• 2:21
  is
• 2:21
  totally
• 2:21
  surprising.
• 2:22
  Walmart
• 2:23
  has
• 2:23
  a
• 2:23
  strong
• 2:23
  bench.
• 2:23
  They
• 2:24
  have
• 2:24
  for
• 2:24
  a
• 2:24
  while.
• 2:25
  Obviously
• 2:26
  these
• 2:26
  are
• 2:26
  people
• 2:26
  that
• 2:26
  are
• 2:26
  really
• 2:27
  qualified
• 2:27
  to
• 2:27
  take
• 2:28
  on
• 2:28
  these
• 2:28
  new
• 2:28
  initiatives.
• 2:29
  I
• 2:30
  think
• 2:30
  the
• 2:30
  change
• 2:30
  in
• 2:30
  Seth's
• 2:31
  role
• 2:31
  to
• 2:32
  Chief
• 2:32
  Growth
• 2:32
  Officer,
• 2:33
  I
• 2:33
  think
• 2:33
  previously
• 2:34
  he
• 2:34
  was
• 2:34
  Chief
• 2:34
  Revenue
• 2:35
  Officer.
• 2:36
  It
• 2:36
  almost
• 2:37
  feels
• 2:37
  like
• 2:38
  a
• 2:38
  natural
• 2:38
  progression
• 2:39
  to
• 2:39
  me.
• 2:39
  So
• 2:39
  I
• 2:39
  hate
• 2:40
  to
• 2:40
  say
• 2:40
  it's
• 2:40
  not
• 2:40
  huge
• 2:41
  news,
• 2:41
  but
• 2:42
  that
• 2:42
  feels
• 2:43
  like,
• 2:43
  okay,
• 2:43
  that's
• 2:43
  the
• 2:43
  next
• 2:44
  step
• 2:44
  for,
• 2:44
  for
• 2:44
  them
• 2:45
  to
• 2:45
  have
• 2:45
  someone
• 2:45
  that's
• 2:45
  truly
• 2:46
  focused
• 2:46
  on
• 2:46
  the
• 2:47
  expansion
• 2:47
  and
• 2:47
  the
• 2:47
  growth
• 2:48
  opportunities
• 2:48
  inside
• 2:49
  of
• 2:50
  the
• 2:50
  new
• 2:50
  platforms.
• 2:51
  We'll
• 2:51
  say,
• 2:52
  you
• 2:52
  know,
• 2:53
  there's
• 2:53
  so
• 2:53
  many
• 2:53
  initiatives
• 2:54
  in
• 2:54
  today's
• 2:54
  retail
• 2:55
  that
• 2:56
  it's
• 2:57
  easy
• 2:57
  to
• 2:57
  get
• 2:58
  caught
• 2:58
  up
• 2:58
  in
• 2:58
  those
• 2:59
  expanded
• 2:59
  offers
• 2:59
  because
• 3:00
  they
• 3:00
  are,
• 3:01
  they
• 3:01
  offer
• 3:01
  huge
• 3:01
  margins,
• 3:02
  they're
• 3:02
  a
• 3:02
  really
• 3:02
  smart
• 3:02
  play,
• 3:03
  they're
• 3:03
  doing
• 3:03
  wonderful
• 3:04
  things
• 3:04
  for
• 3:04
  the
• 3:04
  industry.
• 3:04
  Right.
• 3:05
  But
• 3:05
  a
• 3:06
  move
• 3:06
  like
• 3:06
  this
• 3:06
  to
• 3:06
  me
• 3:07
  says
• 3:07
  that
• 3:08
  staying
• 3:09
  focused
• 3:09
  on
• 3:10
  those
• 3:10
  initiatives
• 3:11
  and
• 3:11
  the
• 3:11
  expanded
• 3:12
  platforms
• 3:13
  cannot
• 3:13
  come
• 3:14
  at
• 3:14
  the
• 3:14
  expense
• 3:15
  of
• 3:16
  understanding
• 3:18
  the
• 3:18
  customer,
• 3:19
  the
• 3:19
  focus
• 3:19
  and
• 3:20
  the
• 3:20
  clarity
• 3:20
  that
• 3:20
  the
• 3:21
  operators
• 3:21
  need
• 3:21
  to
• 3:21
  take
• 3:22
  care
• 3:22
  of
• 3:22
  their
• 3:22
  customers.
• 3:23
  So
• 3:23
  that's
• 3:23
  why
• 3:23
  that's
• 3:23
  the
• 3:23
  part
• 3:24
  of
• 3:24
  the
• 3:24
  headline
• 3:24
  that
• 3:24
  stands
• 3:24
  out.
• 3:25
  Now,
• 3:25
  to
• 3:25
  really
• 3:25
  answer
• 3:26
  A&M's
• 3:26
  question,
• 3:29
  his
• 3:29
  decision
• 3:30
  to
• 3:30
  add
• 3:30
  the
• 3:30
  title
• 3:31
  of
• 3:31
  Chief
• 3:31
  Growth
• 3:32
  Officer,
• 3:32
  again,
• 3:32
  that
• 3:32
  doesn't
• 3:33
  feel
• 3:33
  totally
• 3:33
  new
• 3:34
  and
• 3:34
  it's
• 3:35
  a
• 3:35
  new
• 3:35
  title,
• 3:35
  but
• 3:36
  to
• 3:36
  me
• 3:36
  it's
• 3:36
  just
• 3:36
  saying,
• 3:37
  like,
• 3:37
  hey,
• 3:37
  we
• 3:37
  want
• 3:37
  someone
• 3:37
  focused
• 3:38
  in
• 3:38
  how
• 3:38
  we
• 3:39
  expand
• 3:39
  these
• 3:39
  platforms,
• 3:40
  but
• 3:40
  we
• 3:40
  do
• 3:41
  not
• 3:41
  want
• 3:41
  it
• 3:41
  to
• 3:41
  fall
• 3:41
  on
• 3:42
  operations.
• 3:42
  We
• 3:43
  want
• 3:43
  operations
• 3:43
  to
• 3:43
  stay
• 3:44
  focused
• 3:44
  on
• 3:44
  execution.
• 3:45
  Right.
• 3:48
  I
• 3:48
  think
• 3:49
  there
• 3:49
  are
• 3:49
  more
• 3:50
  opportunities
• 3:50
  to
• 3:51
  grow
• 3:51
  the
• 3:51
  business
• 3:52
  day
• 3:52
  by
• 3:52
  day.
• 3:52
  And
• 3:53
  without
• 3:53
  that
• 3:53
  dedicated
• 3:54
  function,
• 3:54
  without
• 3:54
  that
• 3:54
  dedicated
• 3:55
  title
• 3:55
  and
• 3:56
  accountability,
• 3:57
  I
• 3:58
  think
• 3:58
  there's
• 3:58
  an
• 3:58
  option
• 3:58
  for
• 3:58
  this
• 3:59
  to
• 3:59
  turn
• 3:59
  into
• 3:59
  chasing
• 4:00
  shiny
• 4:00
  objects
• 4:00
  and
• 4:01
  seeing
• 4:01
  what
• 4:01
  sticks
• 4:01
  rather
• 4:02
  than
• 4:02
  real
• 4:02
  strategy
• 4:03
  and
• 4:04
  direction.
• 4:06
  Again,
• 4:06
  this
• 4:07
  was
• 4:07
  a
• 4:07
  long
• 4:07
  question,
• 4:07
  so
• 4:07
  my
• 4:08
  answer
• 4:08
  is
• 4:08
  going
• 4:08
  to
• 4:08
  be
• 4:08
  long
• 4:08
  too.
• 4:09
  I'm
• 4:09
  like,
• 4:09
  how
• 4:09
  do
• 4:09
  I
• 4:09
  hit
• 4:10
  all
• 4:10
  of
• 4:10
  these?
• 4:10
  Right,
• 4:11
  yeah,
• 4:12
  no,
• 4:12
  you're
• 4:12
  doing
• 4:12
  great
• 4:12
  though.
• 4:12
  And
• 4:13
  I've
• 4:13
  got
• 4:13
  a
• 4:13
  ton
• 4:13
  of
• 4:13
  follow
• 4:13
  up
• 4:14
  questions
• 4:14
  for
• 4:14
  you,
• 4:14
  so
• 4:14
  keep
• 4:14
  on
• 4:15
  going.
• 4:15
  I
• 4:15
  see
• 4:16
  you
• 4:16
  nodd
• 4:17
  and
• 4:17
  your
• 4:17
  facial
• 4:17
  expressions
• 4:18
  changing,
• 4:18
  so
• 4:18
  I
• 4:18
  can't
• 4:18
  wait
• 4:19
  to
• 4:19
  hear
• 4:19
  them.
• 4:20
  So
• 4:20
  for
• 4:20
  this
• 4:20
  role
• 4:20
  to
• 4:21
  really
• 4:21
  make
• 4:21
  a
• 4:21
  difference,
• 4:22
  what
• 4:22
  needs
• 4:22
  to
• 4:22
  be
• 4:22
  true
• 4:23
  for
• 4:23
  it
• 4:23
  to
• 4:23
  successfully
• 4:24
  add
• 4:24
  incremental
• 4:25
  value
• 4:26
  alongside
• 4:26
  execute
• 4:27
  or
• 4:28
  executive
• 4:29
  decision
• 4:29
  makers?
• 4:29
  Right.
• 4:30
  That
• 4:30
  was
• 4:30
  the
• 4:30
  question
• 4:30
  that
• 4:30
  was
• 4:31
  asked.
• 4:32
  I
• 4:32
  hate
• 4:32
  to
• 4:33
  say,
• 4:34
  I
• 4:35
  hate
• 4:35
  for
• 4:35
  this
• 4:35
  to
• 4:35
  be
• 4:35
  such
• 4:36
  a
• 4:36
  simple
• 4:36
  answer,
• 4:36
  but
• 4:36
  I
• 4:37
  really
• 4:37
  think
• 4:37
  it
• 4:37
  comes
• 4:37
  down
• 4:37
  to
• 4:37
  clarity
• 4:38
  and
• 4:38
  accountability.
• 4:39
  Right.
• 4:40
  It
• 4:40
  just
• 4:40
  feels
• 4:41
  like
• 4:41
  if
• 4:41
  we're
• 4:42
  going
• 4:42
  to
• 4:42
  add
• 4:42
  this
• 4:42
  Chief
• 4:42
  Growth
• 4:43
  Officer
• 4:43
  and
• 4:43
  if
• 4:43
  this
• 4:44
  is
• 4:44
  a
• 4:44
  huge
• 4:44
  focus,
• 4:44
  is
• 4:45
  it
• 4:45
  actually
• 4:46
  going
• 4:46
  to
• 4:46
  take
• 4:47
  a
• 4:47
  lift
• 4:47
  from
• 4:47
  the
• 4:48
  operators
• 4:49
  or
• 4:49
  is
• 4:49
  it
• 4:49
  going
• 4:49
  to
• 4:49
  be
• 4:49
  another
• 4:50
  person
• 4:50
  and
• 4:50
  team
• 4:51
  sitting
• 4:51
  in
• 4:51
  the
• 4:51
  meeting?
• 4:52
  Right.
• 4:52
  Is
• 4:52
  it
• 4:53
  going
• 4:53
  to
• 4:53
  allow
• 4:53
  them
• 4:54
  to
• 4:54
  like,
• 4:54
  who
• 4:54
  owns
• 4:55
  the
• 4:55
  P
• 4:55
  and
• 4:55
  L?
• 4:56
  Who
• 4:56
  owns
• 4:56
  the
• 4:56
  execution?
• 4:57
  Who
• 4:57
  gets
• 4:58
  to
• 4:58
  make
• 4:58
  the
• 4:58
  decision
• 4:58
  at
• 4:59
  the
• 4:59
  end
• 4:59
  of
• 4:59
  the
• 4:59
  day?
• 4:59
  For
• 4:59
  all
• 4:59
  of
• 5:00
  these
• 5:00
  platforms,
• 5:01
  is
• 5:01
  this
• 5:02
  totally
• 5:02
  lifted
• 5:02
  off
• 5:03
  of
• 5:03
  operations
• 5:03
  or
• 5:04
  how
• 5:04
  do
• 5:04
  they
• 5:04
  collaborate
• 5:05
  together?
• 5:05
  And
• 5:06
  I
• 5:06
  mean,
• 5:06
  time
• 5:07
  will
• 5:07
  tell,
• 5:07
  but
• 5:07
  if
• 5:07
  I
• 5:08
  had
• 5:08
  to
• 5:08
  guess,
• 5:08
  Walmart
• 5:09
  has
• 5:09
  a
• 5:09
  good
• 5:09
  plan
• 5:09
  here
• 5:10
  and
• 5:10
  we'll
• 5:10
  see
• 5:10
  those
• 5:10
  new
• 5:10
  initiatives
• 5:11
  continue
• 5:11
  to
• 5:11
  grow
• 5:12
  and
• 5:12
  expand
• 5:12
  with,
• 5:13
  with
• 5:13
  this
• 5:13
  title.
• 5:15
  That's
• 5:15
  really
• 5:15
  interesting
• 5:16
  to
• 5:16
  me,
• 5:16
  Jen.
• 5:16
  Like,
• 5:16
  you
• 5:16
  know,
• 5:17
  I
• 5:17
  think
• 5:17
  your
• 5:17
  point
• 5:17
  about
• 5:18
  operations
• 5:18
  versus
• 5:19
  new
• 5:19
  growth
• 5:19
  initiatives
• 5:20
  is
• 5:20
  really,
• 5:20
  is
• 5:20
  really
• 5:21
  a
• 5:21
  good
• 5:21
  one
• 5:21
  too.
• 5:21
  And
• 5:21
  when
• 5:22
  I
• 5:22
  look
• 5:22
  at
• 5:22
  like,
• 5:22
  what's
• 5:22
  under
• 5:23
  his
• 5:23
  purview,
• 5:24
  the
• 5:24
  only
• 5:24
  one
• 5:24
  where
• 5:24
  I
• 5:25
  feel
• 5:25
  like
• 5:25
  the,
• 5:26
  the
• 5:26
  murky
• 5:26
  landscape
• 5:27
  hierarchically
• 5:28
  gets
• 5:28
  a
• 5:28
  little
• 5:28
  clouded
• 5:28
  is
• 5:29
  with
• 5:29
  Marketplace.
• 5:30
  But
• 5:30
  Marketplace,
• 5:30
  for
• 5:31
  the
• 5:31
  most
• 5:31
  part,
• 5:31
  they've
• 5:31
  done
• 5:31
  a
• 5:31
  pretty
• 5:32
  good
• 5:32
  job
• 5:32
  of
• 5:32
  keeping
• 5:33
  that
• 5:33
  self
• 5:33
  contained
• 5:34
  and
• 5:34
  coordinating
• 5:34
  the
• 5:35
  effort
• 5:35
  across
• 5:35
  the
• 5:35
  organization.
• 5:36
  So
• 5:36
  that
• 5:36
  doesn't
• 5:36
  scare
• 5:36
  me.
• 5:37
  But
• 5:37
  the
• 5:37
  other
• 5:37
  ones,
• 5:38
  those
• 5:38
  feel
• 5:38
  really
• 5:38
  separate
• 5:39
  to
• 5:39
  me.
• 5:39
  Like,
• 5:39
  you
• 5:40
  know,
• 5:40
  like
• 5:40
  he's
• 5:40
  probably
• 5:40
  in
• 5:40
  charge
• 5:41
  of,
• 5:41
  I'm
• 5:41
  guessing,
• 5:41
  you
• 5:41
  know,
• 5:42
  the,
• 5:42
  the
• 5:42
  Walmart1,
• 5:43
  the
• 5:44
  OnePay
• 5:44
  platform,
• 5:45
  which
• 5:45
  I
• 5:45
  think
• 5:45
  just
• 5:45
  last
• 5:46
  week
• 5:46
  they
• 5:46
  said
• 5:46
  is
• 5:46
  worth
• 5:46
  $4
• 5:47
  billion,
• 5:47
  which
• 5:48
  is,
• 5:48
  which
• 5:48
  is
• 5:49
  astronomical
• 5:49
  when
• 5:49
  you
• 5:50
  think
• 5:50
  about
• 5:50
  that
• 5:50
  from
• 5:50
  a
• 5:50
  valuation
• 5:51
  perspective
• 5:51
  against
• 5:52
  other
• 5:52
  retailers.
• 5:53
  Like,
• 5:53
  that's
• 5:53
  more
• 5:53
  than
• 5:53
  some
• 5:54
  retailers
• 5:54
  that
• 5:54
  are
• 5:54
  out
• 5:54
  there.
• 5:55
  So
• 5:55
  I
• 5:55
  think
• 5:55
  it
• 5:55
  makes
• 5:56
  sense
• 5:56
  that
• 5:57
  they're
• 5:57
  doing
• 5:57
  this.
• 5:57
  I
• 5:57
  think
• 5:58
  it's
• 5:58
  a
• 5:58
  smart
• 5:58
  move
• 5:59
  by
• 5:59
  Walmart.
• 5:59
  The
• 6:00
  question
• 6:00
  that
• 6:00
  I
• 6:00
  had
• 6:00
  for
• 6:00
  you
• 6:01
  though
• 6:01
  is
• 6:02
  do
• 6:02
  you
• 6:02
  think,
• 6:03
  should
• 6:04
  other
• 6:04
  retailers
• 6:05
  do
• 6:05
  this
• 6:05
  too,
• 6:06
  or
• 6:06
  is
• 6:06
  this
• 6:07
  unique
• 6:07
  to
• 6:07
  Walmart
• 6:08
  and
• 6:08
  Amazon
• 6:09
  and
• 6:09
  maybe
• 6:10
  just
• 6:10
  a
• 6:10
  few
• 6:10
  others?
• 6:12
  I
• 6:12
  think
• 6:14
  retailers
• 6:14
  that
• 6:15
  are
• 6:15
  looking
• 6:15
  forward
• 6:16
  and
• 6:17
  seriously
• 6:18
  committed
• 6:18
  to
• 6:19
  investing
• 6:19
  in
• 6:20
  these
• 6:20
  growth
• 6:21
  platforms,
• 6:21
  alternative
• 6:22
  growth
• 6:22
  platforms.
• 6:23
  Right,
• 6:23
  right.
• 6:23
  I
• 6:23
  think
• 6:23
  it's,
• 6:24
  I
• 6:24
  don't
• 6:24
  think
• 6:24
  it's
• 6:24
  a
• 6:24
  bad
• 6:24
  idea.
• 6:25
  I
• 6:26
  do
• 6:26
  think
• 6:27
  right
• 6:27
  now
• 6:27
  there
• 6:28
  are
• 6:28
  probably
• 6:28
  a
• 6:28
  select
• 6:28
  few
• 6:29
  and
• 6:29
  it's
• 6:29
  the
• 6:29
  larger
• 6:30
  players
• 6:30
  like
• 6:30
  you're
• 6:30
  talking
• 6:31
  about,
• 6:31
  the
• 6:31
  Walmarts,
• 6:31
  the
• 6:31
  Amazons,
• 6:33
  a
• 6:33
  few
• 6:33
  others
• 6:33
  that
• 6:34
  I
• 6:34
  can
• 6:34
  think
• 6:34
  of
• 6:34
  that
• 6:35
  could
• 6:35
  be
• 6:35
  investing
• 6:36
  in
• 6:36
  this
• 6:36
  if
• 6:37
  they're,
• 6:38
  if
• 6:38
  they're
• 6:38
  ready
• 6:39
  to
• 6:39
  truly
• 6:39
  become.
• 6:40
  I
• 6:41
  mean,
• 6:41
  there's,
• 6:41
  there's
• 6:41
  like
• 6:41
  two
• 6:42
  organizations
• 6:42
  going
• 6:42
  on
• 6:43
  here,
• 6:43
  right?
• 6:43
  There
• 6:43
  are
• 6:44
  the
• 6:44
  store
• 6:44
  footprint
• 6:45
  and
• 6:45
  then
• 6:45
  there's
• 6:45
  all
• 6:45
  of
• 6:45
  the
• 6:46
  platforms
• 6:46
  you're
• 6:46
  talking
• 6:46
  about.
• 6:47
  So
• 6:47
  I
• 6:47
  think
• 6:47
  the
• 6:47
  answer
• 6:47
  is
• 6:48
  yes,
• 6:48
  they
• 6:49
  should,
• 6:49
  if
• 6:49
  they're
• 6:50
  ready
• 6:50
  to
• 6:50
  play
• 6:50
  in
• 6:50
  that
• 6:51
  space.
• 6:51
  But
• 6:51
  no,
• 6:52
  they
• 6:52
  don't
• 6:52
  need
• 6:52
  to
• 6:52
  add
• 6:52
  it
• 6:53
  if
• 6:53
  they're
• 6:53
  simply
• 6:53
  dabbling
• 6:54
  in
• 6:54
  retail
• 6:55
  media.
• 6:55
  Right.
• 6:56
  That's
• 6:56
  very
• 6:56
  different.
• 6:57
  That's
• 6:58
  a
• 6:58
  really
• 6:58
  good
• 6:58
  point.
• 6:58
  And
• 6:59
  the
• 6:59
  reason
• 6:59
  I
• 6:59
  asked
• 6:59
  that
• 6:59
  question
• 7:00
  too,
• 7:00
  because
• 7:00
  it's
• 7:00
  going
• 7:00
  to
• 7:00
  come
• 7:00
  up
• 7:01
  when
• 7:01
  we
• 7:01
  talk
• 7:01
  about
• 7:01
  the
• 7:01
  quiet
• 7:02
  logistics
• 7:02
  platform
• 7:03
  too
• 7:03
  here
• 7:03
  in
• 7:03
  a
• 7:03
  few
• 7:04
  minutes,
• 7:04
  like
• 7:04
  there's
• 7:05
  been
• 7:05
  a
• 7:05
  lot
• 7:05
  of
• 7:05
  starts
• 7:05
  and
• 7:05
  stops
• 7:06
  and
• 7:06
  that
• 7:06
  we're
• 7:06
  going
• 7:06
  to
• 7:06
  sell
• 7:07
  our
• 7:07
  technology
• 7:07
  to
• 7:08
  other
• 7:08
  retailers,
• 7:08
  arena,
• 7:09
  or
• 7:09
  to
• 7:09
  create
• 7:10
  other
• 7:10
  business
• 7:10
  ventures
• 7:11
  as
• 7:11
  well.
• 7:11
  So
• 7:11
  I
• 7:11
  think
• 7:11
  you're
• 7:12
  right.
• 7:12
  Like,
• 7:12
  I
• 7:12
  would
• 7:12
  agree
• 7:13
  with
• 7:13
  you
• 7:13
  too.
• 7:13
  Like,
• 7:13
  I
• 7:14
  think
• 7:14
  there's
• 7:14
  probably
• 7:14
  fewer,
• 7:15
  there's
• 7:16
  probably
• 7:16
  a
• 7:16
  handful
• 7:16
  of
• 7:16
  retailers
• 7:17
  that
• 7:17
  should
• 7:17
  probably
• 7:17
  take
• 7:18
  this
• 7:18
  approach
• 7:18
  because
• 7:18
  how
• 7:19
  many
• 7:19
  of
• 7:19
  them
• 7:19
  can
• 7:19
  actually
• 7:19
  create
• 7:20
  new
• 7:20
  businesses
• 7:20
  on
• 7:21
  the
• 7:21
  size
• 7:21
  and
• 7:21
  scale
• 7:21
  of
• 7:21
  a
• 7:21
  Walmart
• 7:22
  or
• 7:22
  an
• 7:22
  Amazon
• 7:22
  is
• 7:23
  probably
• 7:23
  a
• 7:23
  pretty
• 7:23
  big
• 7:23
  question.
• 7:25
  Yeah,
• 7:25
  I
• 7:25
  mean,
• 7:25
  for
• 7:25
  me,
• 7:26
  like,
• 7:26
  my
• 7:26
  quick
• 7:26
  take
• 7:27
  on
• 7:27
  the
• 7:27
  headline,
• 7:27
  like,
• 7:27
  I'm
• 7:27
  not
• 7:28
  surprised.
• 7:28
  I
• 7:28
  think
• 7:28
  those
• 7:28
  moves
• 7:29
  make
• 7:29
  sense.
• 7:29
  The
• 7:29
  one
• 7:30
  big,
• 7:30
  the
• 7:30
  one
• 7:31
  thing
• 7:31
  that
• 7:31
  sticks
• 7:31
  out
• 7:31
  to
• 7:31
  me
• 7:32
  just
• 7:32
  from
• 7:32
  an
• 7:32
  organizational
• 7:33
  perspective
• 7:33
  is
• 7:34
  Kath
• 7:34
  McClay
• 7:34
  and,
• 7:35
  and
• 7:35
  what
• 7:35
  happens
• 7:35
  to
• 7:36
  her.
• 7:36
  And
• 7:36
  there
• 7:36
  was
• 7:36
  a
• 7:36
  lot
• 7:36
  of
• 7:36
  rumors
• 7:37
  going
• 7:37
  on
• 7:37
  at
• 7:37
  FMI
• 7:38
  about
• 7:38
  where
• 7:38
  she's
• 7:38
  going
• 7:39
  next,
• 7:39
  which
• 7:40
  we'll
• 7:40
  wait
• 7:40
  to
• 7:40
  see
• 7:40
  if
• 7:40
  those
• 7:41
  play
• 7:41
  out
• 7:41
  the
• 7:42
  way
• 7:42
  people
• 7:42
  were
• 7:43
  telling
• 7:43
  me.
• 7:43
  I
• 7:43
  heard
• 7:43
  from
• 7:44
  multiple,
• 7:44
  multiple
• 7:44
  people
• 7:45
  where
• 7:45
  she's
• 7:45
  going
• 7:45
  next.
• 7:46
  So.
• 7:46
  So
• 7:47
  I
• 7:47
  can't
• 7:47
  wait
• 7:47
  to
• 7:47
  find
• 7:48
  out.
• 7:48
  But.
• 7:48
  But
• 7:49
  yeah.
• 7:49
  And
• 7:49
  then
• 7:49
  the
• 7:49
  only
• 7:49
  other
• 7:49
  thing
• 7:50
  I'd
• 7:50
  say
• 7:50
  too,
• 7:50
  David
• 7:50
  Gugina.
• 7:51
  Yeah,
• 7:51
  I
• 7:51
  kind
• 7:51
  of
• 7:51
  called
• 7:51
  it.
• 7:52
  Like,
• 7:52
  a
• 7:52
  friend
• 7:52
  of
• 7:52
  mine
• 7:52
  said,
• 7:53
  who
• 7:53
  do
• 7:53
  you
• 7:53
  think
• 7:53
  it's
• 7:53
  going
• 7:53
  to
• 7:53
  be
• 7:54
  like,
• 7:54
  a
• 7:54
  day
• 7:54
  before?
• 7:54
  I
• 7:54
  think
• 7:55
  she
• 7:55
  had
• 7:55
  insight
• 7:55
  that
• 7:55
  they
• 7:55
  were
• 7:56
  going
• 7:56
  to
• 7:56
  make
• 7:56
  the
• 7:56
  announcement.
• 7:56
  And
• 7:57
  I
• 7:57
  like,
• 7:57
  texted
• 7:57
  and
• 7:57
  I
• 7:58
  was
• 7:58
  pretty
• 7:58
  proud
• 7:58
  that
• 7:59
  I
• 7:59
  got
• 7:59
  that
• 7:59
  one
• 7:59
  right,
• 7:59
  too,
• 8:00
  Jen.
• 8:00
  So,
• 8:00
  and
• 8:01
  then
• 8:01
  with
• 8:01
  Kath
• 8:01
  Maclay,
• 8:01
  I
• 8:02
  didn't
• 8:02
  really
• 8:02
  think
• 8:02
  about
• 8:02
  that
• 8:02
  aspect
• 8:03
  of
• 8:03
  what's
• 8:03
  happening
• 8:03
  there
• 8:04
  and
• 8:04
  I
• 8:04
  wasn't
• 8:04
  at
• 8:04
  fmi,
• 8:05
  so
• 8:05
  we'll
• 8:05
  have
• 8:06
  to
• 8:06
  see
• 8:06
  if
• 8:06
  the
• 8:06
  rumors
• 8:07
  come
• 8:07
  to
• 8:07
  fruition.