Future Commerce

"It's Twenty-Bleeping-Eighteen"


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Show notes

Family Date Night at the Olive Garden Special Episode.

Homepod: more like yawn-pod. Plus: retail investment is gaining steam, mobile advertising to overtake traditional advertising, and bye bye sales! Finally, Nike makes the foam sole more personal.

Homepod: nobody cares
  • Actually, people do care: they care to talk about how irrelevant it is.

  • Business insider even gives you 7 reasons not to buy it.

  • It's just a giant ipod and it only works with itunes.

  • Hey, Apple, it's 20 bleepin' 18 already.

  • At least it's more competition for sonos?

  • In episode 1, we talked about Apple's exciting developments. Unfortunately, they haven't followed through of them.

  • The lesson: Apple gonna Apple.

    Amazon Go:
    • Amazon Go is live!

    • 2 weeks from today: we're going to the store and doing a review. Get ready.

    • Bob Schwartz, friend of the pod, stood in line on day 2 of the launch said it worked seamlessly. But caveat: he didn't like the sandwich he bought.

      We're we get all these new listeners?

      • Thanks, new listeners.

      • Thanks, NRF.

      • Thanks, Branden Moskwa, for all of the new listeners.

        The actual "Big News":
        • A lot of positive news in retail.

        • News from NRF: it's not a retail apocalypse, it's just a transformation.

        • The Wall Street Journal reports on a 65 million dollar retail investment in Manhattan. Because Manhattan needs more retail :)

        • But it makes sense to develop your own retail space without being entangled with existing retail lease agreements.

        • A lot of people are redeveloping retail space.

        • Developers taking expensive real estate and turning it into retail space is a really positive sign.  

        • Phillip's family bet: is the new development in the neighborhood going to be a Walgreens? Probably.

          You know what's still relevant? Digital Advertising:
          • Goldman Sachs predicting digital advertising will Account for over half of all advertising globally

          • Facebook and Google probably gobble up 94% of it.

          • Traditional advertising still on the decline.

          • Amazon now has a paid self-service platform for advertising, so does Snapchat.

          • Instagram integrated into Facebook's digital advertising model.

          • They predict video will have a breakout year.

          • Meg Whitman went from CEO of HP to a CEO of a startup of a Jeffrey Katzenberg backed venture called new TV.

          • They're specializing in scripted content under 10 minutes long.

            From Digital to Brick and Mortar:
            • Dollar shave club is opening a pop-up store in London. It looks like a retail experience with an old timey barber shop setup.

            • Ecommerce companies starting to invade larger retail experiences.

            • Potential Future Commerce field trips galore?

            • We're Interested to see how the traditional market responds to this.

            • There seem to be at least 2 responses:

              1: adapt to the new models, like Nordstrom.

              2: stop catering to bargain and passive shoppers, like Michael Kors, Gap, and Ralph Lauren.

              • A disruptor company like Dollar Shave Club is interested in looking at the dollar cost average spent, not the per person purchase.
              • Alexa reminds us that time for this episode is almost over.
                Nike's new foam:
                • Nike's using robots to make their shoes.

                • And specifically, the new React foam running shoe.

                • Instead of taking a sample size of a shoe design, they're creating a perfectly designed shoe.

                • It's an algorithmically designed shoe so that it has the exact same performance for every particular shoe made.

                • This is getting us much closer to what we've been predicting for personalized products.

                • It's Brian's hammer!

                • Nike is boasting a 13% energy return because of the foam sole.

                  Verdict: Future Commerce makes us want to spend way too much money.

                  ...more
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                  Future CommerceBy Phillip Jackson, Brian Lange

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