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Millennials Think They Invented Everything

Future Commerce · June 18, 2021 · 55 min

Summary

This episode challenges the notion that many 'modern' ecommerce concepts are new, highlighting their historical precedents. It provides valuable context for DTC brands and ecommerce professionals, urging them to understand the roots of retail strategies and adapt them for the contemporary landscape rather than reinventing the wheel.

Key takeaways

Themes

dtc strategyretail & omnichannelshopify & ecommerce platformsbrand & content

Topics covered

ecommerce historybnpl market segmentationshopify ecosystem expansionpaula's choice dtc modelretail innovation evolution2pm dnvb list analysis

Episode description

Despite what millennials may believe, the retail services and models far predate the app economy. From food delivery and meal kits, to flash sales, most modern digital experiences have vestiges from a simpler time. PLUS: Breakdown of the Paula’s Choice acquisition by Unilever. Listen now!

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Frequently asked about this episode

What does this episode say about dtc strategy?
Many 'new' digital commerce tactics like flash sales and meal kits have historical retail equivalents; understanding these origins can inform current strategy.
What does this episode say about retail & omnichannel?
Shopify's expansion beyond its core platform, integrating with Google Shopping and Facebook without requiring a Shopify store, signals a significant shift in the platform's ambition.
What does this episode say about shopify & ecommerce platforms?
The BNPL market is segmenting, with players like Afterpay, Affirm, and Klarna carving out distinct offerings; closely monitor their evolution as physical retail reopens.
What does this episode say about brand & content?
Paula's Choice, launched in 1995, demonstrates that direct-to-consumer and online brands predate much of the internet era, emphasizing the importance of core business models over solely digital innovation.
What does this episode say about dtc strategy?
The "DMVB DTC Hot List" rankings are dynamic and may not always reflect perceived brand strength, prompting a deeper look into the underlying metrics and criteria for brand evaluation.

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