EP320 - News, First Half Recap, Early Holiday Preview

Update: 2024-09-17

Description

http://jasonandscot.com

0:23 Welcome Back After Hiatus
2:51 Upcoming Events in Retail
7:28 GroceryShop
16:02 Retail Growth Trends
21:28 Concerns for Holiday 2024
30:27 The De Minimis Provision
40:27 TikTok's Impact on E-commerce

In this episode of The Jason and Scot Show, we discuss the current state of retail and e-commerce.

We analyze macroeconomic factors impacting the retail landscape, noting a 3.4% growth in core retail and a maturation of e-commerce, dominated by giants like Amazon and Walmart. We address consumer sentiment heading into the holiday season and the potential influences of the upcoming election and interest rate changes.

The episode also covers the role of AI in enhancing personalization experiences, challenges faced by dollar stores, and supply chain issues. We conclude with insights into Amazon’s recent earnings and their strategies to engage younger consumers through TikTok Shops.

Join your hosts Jason "Retailgeek" Goldberg, Chief Commerce Strategy Officer at Publicis, and Scot Wingo, CEO of GetSpiffy and Co-Founder of ChannelAdvisor as they discuss the latest news and trends in the world of e-commerce and digital shopper marketing.

Download the complete 54 page deck of all my insights from the US Dept of Commerce Retail Data for the first half of 2024 here https://rgeek.co/retail2024

Transcript

[0:23 ]

Welcome Back After Hiatus

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[0:23 ]Welcome to the Json and Scott show this is episode 320 being recorded on Monday september 16th 2024 I'm your host Jason retail gee Goldberg and as usual I'm here with your co-host Scott Wingo.

[0:38 ]Hey Jason and welcome back after a very long time, Jason and Scott show listeners Jason our last show was an early May so it's been about a little over a 4-month hiatus and when people ask me I always blame you do you blame me.

<button class="action-link" tabindex= "-1">Jason</button>

[0:57 ]I do blame you and I'm bitter because in my mind. Nobody's really complaining to you but like I I've gone called out on stage by like I've I've been heckled by people that are like what are you going to do a new show.

[1:15 ]It's part of our it's it's a Nintendo like strategy where you you dribble you know if you could really constrain Supply scarcity that drives demand so yeah.

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[1:25 ]Yeah it it we are we are playing 3 dimensional chess in a world of checkered players.

[1:31 ]Exactly the the real reason is as Chief digital Innovation retail and payments and grocery officer your title's gotten bigger and your your more famous your allies on a plane I can never record because I'm like how about now he's like Paris how about now Australia how about now India so you've been flying all over the world.

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