This episode delivers a timely update on the evolving retail landscape, directly from the ICSC Open Air Centers show. It covers major shifts like Amazon's new brand protection program, Walmart's e-commerce growth and challenges, and the struggles of traditional retailers like JCPenney and Victoria's Secret. For e-commerce operators, it highlights the increasing importance of online marketplaces, last-mile delivery innovation, and strategic platform partnerships.
Key takeaways
Amazon's Project Zero highlights the increasing need for brands to actively manage their presence on marketplaces to combat counterfeiting and protect their intellectual property.
Walmart's significant investment in Online Grocery Pickup (OGP) demonstrates that integrating online and offline experiences, particularly for convenience-driven categories, is critical for large retailers to drive e-commerce growth.
The struggles of JCPenney and Victoria's Secret underscore the ongoing challenges for traditional brick-and-mortar retailers to adapt to changing consumer behaviors and intense competition, emphasizing the need for robust omnichannel strategies.
The emergence of new marketplace models, like Target Plus and Mirakl's funding, indicates that expanding digital assortment through curated third-party sellers is a key growth strategy for retailers.
FedEx's SameDay Bot and Stamps.com's strategic shift highlight the growing focus on last-mile delivery innovation and the potential for new partnerships to reshape logistics in the e-commerce sector.
EP164 - News live from ICSC OAC http://jasonandscot.com Jason & Scot gave a presentation at the International Council of Shopping Centers Open Air Centers show in Austin Texas and got together afterward to record a news update. Amazon Project Zero - New brand protection program Walmart Earnings. Same store sales up 4.2%, E-Com for the quarter up 43% (up 40% for the fiscal year), guidance for next year is that e-com will grow 35%. Profitability of e-commerce continues to be a challenge for Walmart, and they expect that to continue. Walmart stores offering "Online Grocery Pickup" (OGP)_ grew from 800 to 2100 stores this year, and is expected to grow to 3100 next year. JCPenneys Earnings. Revenue down 8.4%, same store sales down -4% (vs. 4.3% expected). They announced the closure of 18 stores, and said to expect more in subsequent years). L Brands Earnings - Victoria's Secret same store sales down 7%, will close 53 stores. FedEx launched a new delivery robot, SameDay Bot Stamps.com dropped it's exclusive deal with USPS, a possible precursor to an Amazon partnership (or acquisition). Target launched Target Plus, a new invite only marketplace to expand Targets online assortment. Marketplace software vendor Mirikl announced a new $<a href= "https://techcrunch.com/2019/02/28/mirakl-raises-70-million-to-manage-the-ma
What does this episode say about retail & omnichannel?
Amazon's Project Zero highlights the increasing need for brands to actively manage their presence on marketplaces to combat counterfeiting and protect their intellectual property.
What does this episode say about amazon & marketplaces?
Walmart's significant investment in Online Grocery Pickup (OGP) demonstrates that integrating online and offline experiences, particularly for convenience-driven categories, is critical for large retailers to drive e-commerce growth.
What does this episode say about supply chain & operations?
The struggles of JCPenney and Victoria's Secret underscore the ongoing challenges for traditional brick-and-mortar retailers to adapt to changing consumer behaviors and intense competition, emphasizing the need for robust omnichannel strategies.
What does this episode say about brand & content?
The emergence of new marketplace models, like Target Plus and Mirakl's funding, indicates that expanding digital assortment through curated third-party sellers is a key growth strategy for retailers.
What does this episode say about retail & omnichannel?
FedEx's SameDay Bot and Stamps.com's strategic shift highlight the growing focus on last-mile delivery innovation and the potential for new partnerships to reshape logistics in the e-commerce sector.
