List of Pokémon species introduced in the first generation
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3 episodes with weedle
3 episodes with weedle
3 episodes with weedle
3 episodes with weedle
2 episodes with weedle
2 episodes with weedle
2 episodes with weedle
2 episodes with weedle
Get out your best (and least copper-y) pokemon - please not Weedle, and get ready to help Branden find slash battle his real dad on this extremely unhinged episode. nerdtalkplus.com for more info about the show including where to find Ceej so you can say sexy things to/about him.
Fiiighting Trainers by moonlight... Maaaaking friends by daylight... Never running from a real fight... they are the ones called Pokémon!What do you get when you cross a senile old man who can't remember his own grandson's name, a pair of eleven-year-olds who are cast out into the world to fend for themselves in a never-ending Battle Royale of literal MONSTERS, a pair of people who are out there to destroy you for really no good reason, and the world's most powerful creature (Magikarp)?You get Pokémon Red and Blue, of course!Comin' at ya from the good old Game Boy, we've got Weedle, we've got Rattata, we've even got ourselves an ONYX! Come one, come all, and explore the glory of a world that's just totally ok with kidnapping countless creatures, tossing them into pocket-sized balls, and making them fight for their lives until you decide you're done with them and discard them!So grab your red-and-white ballcap, tell the old man what his grandson's name is, and go off and complete his life's work for him while he hangs out in his lab! IT'S POKEMON TIME!
"You can start late as long as you start! Posey decides to follow a life of crime, Bulbasaur is dancing in the sunlight, and Litwick isn't sure about any of this. Join us every other Friday for another exhilarating episode of Late Starters!" Cast GM - Austin (@SeezyDrop) Calynn - Alex (@Alexandbirds) Ford - Tim (@Remobware) Victor - Kaycie (@Kayciedoom) Pokedex - Jenna (@JennaChil) Music Some of the music used in this production belongs to ©2022 Pokémon. ©1995-2022 Nintendo/Creatures Inc./GAME FREAK inc. The following music was used for this media project: Embrace The Wind by WinnieTheMoog Free download: https://filmmusic.io/song/6685-embrace-the-wind License (CC BY 4.0): https://filmmusic.io/standard-license Artist website: https://linktr.ee/taigasoundprod Open Those Bright Eyes Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 4.0 License http://creativecommons.org/licenses/by/4.0/ Scheming Weasel [Metal Version] (feat. Kevin MacLeod) by Alexander Nakarada Free download: https://filmmusic.io/song/8163-scheming-weasel-metal-version-feat-kevin-macleod License (CC BY 4.0): https://filmmusic.io/standard-license
Mario and Rob discuss the latest news from around the NFL, play a few games of Weedle, and call each other out for a few wide receivers from their rankings for the 2023 season!
Host Luisa Lyons chats with playwright, lyricist, book writer and producer June Rachelson-Ospa and actor-director-choreographer and publisher C. Michael Perry about the musical Welcome to Tourettaville which tells the story of a young boy who is diagnosed with Tourette Syndrome. Topics include the challenges of creating work based on real people, the power of theatre to inspire and heal, and the world of theatre publishing and licensing. June Rachelson-Ospa and Daniel Neiden have collaborated on musical theater projects which include Bollywood and Vine, Bully on You, Gone to Texas, Triangle, Rapunzarella White: A Fairly Fractured Tale, Stupid Wig, S.W.A.K. (Sealed With A Kiss), The Hotel Belleclaire, The Tempest, Trixie Shmoop, True Colors of Weedle, and Welcome to Tourettaville. June won the VSArts Award and have had their work performed at The Kennedy Center; Bergen County Players; The Midtown Children's Musical Theater Festival; Bryant Park, and The Public Theater. June's individual songwriting experiences date back to work sessions with Doc Pomus, and The FUGS Steven Taylor. Her work has been recorded by Grammy legend Dr. John; Peppy Castro; Luther Kent; Jennifer Lewis; Shannon McNally and, most recently, VOICELESS, recorded for animal charities by Broadway stars Ann Crumb, Olga Merediz, and Judy McLane (www.Broadwayvoiceless.com). June was a “POG” for Godspell at Circle in the Square. Investor for the A Christmas Story the Musical (at the Lunt Fontaine) Madison Square Garden. C. Michael Perry was born in Colorado and raised in Chicago, but now lives near Bangor, Maine. He found the theatre in High School and has made a living in theatre, film and television since then. He has worked major network television shows, and as a High School Theatre teacher. He has played in front of live audiences from Chicago to Utah to Canada to Germany and Italy in various plays and musicals; and has received acting awards for many leading and supporting roles. He has served as Director/Choreographer for over 70 shows on the Community, Educational, and Professional level. He is a Composer-Lyricist with over 40 produced/published musicalsSupport the showFilmed Live Musicals is where musicals come home. Use the searchable database to find musicals filmed on stage to watch from the comfort of your living room! Visit www.filmedlivemusicals.com to learn more. Follow us on Facebook, Instagram, Twitter, and YouTube. You can also support the site at Patreon. Patrons get early access to the podcast and site content, no matter how much you pledge. Become a Patron today!Filmed Live Musicals is created by Luisa Lyons, an Australian actor, writer, and musician. Luisa holds a Masters in Music Theatre from London's Royal Central School of Speech and Drama and now lives, works, and plays in New York. Learn more at www.luisalyons.com and follow on Twitter, Instagram, and Facebook.
He's the “taste we love without the cholesterol” - which is the tagline for I Can't Believe It's Not Butter - and probably doesn't describe the namesake Zak Butters with any real sense or accuracy, but his 184 points on the weekend was as smooth and tasty as it could get in SC terms. And another Zach who gorged himself on BUTTERY points without fear of cholesterol was Merrett, who came out and scored a 162 for owners, leaving non-owners (like myself) with their faces pressed up against the virtual SC glass drooling at the prospect. We were vocal on Twitter about him being a BIG captaincy option for good reason, and hope owners heeded our advice and made him captain! And in keeping with the rhyming first names, we had Jack Sinclair smash out a season-high 160! But it wasn't just keepers who were delivering, it was the likes of Humphrey B. Bear finding his voice with back-to-back tons, and Weedle our resident SCE Pokemon, who looked to have evolved into his final form with a BIG 114. Ridiculous! But we can't forget the biggest development to come out of the weekend and that is the news that the Pink, Sweaty Pig has been ruled out with a hamstring strain for “the short term” to quote Melbourne. We discuss all that and more in this week's ep! To become a legend and support us by helping us keep the lights and mic on, head to https://www.patreon.com/supercoachedge and read up for the exclusive perks you get in return. As always, if you love our content, feel free to like and subscribe to our SuperCoach Edge YouTube channel, and rate us via Spotify and Apple Podcasts. Thanks for your support!! ⏱ See below for the timecodes relevant to each segment for easy navigation. 0:00 - INTRO / 3:15 - The Good, The Bad & The Ugly / 15:52 - The Price is Right (Trades) / 59:20 - I'm The Captain Now / 1:19:54 - I Gots To Know (Q&A) ------------ YouTube: https://youtube.com/@supercoachedge Or search SuperCoach Edge Twitter: @supercoach_edge @damoj88 @l_evans_95 FB Group: www.facebook.com/supercoachedge Insta: @supercoachedge TikTok: https://www.tiktok.com/@aflsupercoachedge
Kole, Ben, David, and Jala talk about Pokemon Scarlet, The Case of the Golden Idol, Atari 50, and much more! The Grind: Jala: Persona 5 Royal. Pokemon Scarlet. Ben: God of War: Ragnarok. The Case of the Golden Idol. David: Kenshi. Kole: Signalis. Bonelab. Atari 50. The Multiplayer: What's your first video game memory? The End Boss: Starfox artist is working on a new game. Marvel's Midnight Suns is coming out like right now, much to our surprise. Tetris: The Grand Masters is coming to America for the first time. Elite: Dangerous is getting aliens, officially.
In this episode we discuss the 13th Pokémon, Weedle! We talk about insect venom and animals that can sting with their head!
Gengar the hard taco, Weedle the soft taco, and Alakazam the grilled cheese. Check out projectwarship.org to support Ukraine. --- Support this podcast: https://anchor.fm/threemicz/support
10 ways that you COULD get yourself on to an local grannies will! Join the Patreon to give me a couple quid a month and get access to my books at no extra cost ad video recordings of the shows https://www.patreon.com/worldaroundewe Find all my socials and website here https://www.worldaroundewe.com
In this episode I talk about weedle and its evolutions. I also briefly go over S1E4- Challenge of the samurai. Artwork by: Kurososhi13 on DeviantArt.
GoFest nears but how did we do with Gible? Plus, I swear it wasn't mine mom! I was just holding it for a friend!! -- w/ Hannah & Bret -- Join the Discord! https://discord.gg/RY7EtWQp -- Twitter @AfterDarkrai -- email us AfterDarkrai@gmail.com -- Instagram @InstaPodDog -- A division of Pod Dog podcasts -- Check out our TeePublic store www.teepublic.com/user/teamcyanide -- Intro by Cole Rolland https://www.youtube.com/channel/UC1EnMnHlXsA8X5kKe9B2rcg & Lauren Babic https://www.youtube.com/channel/UCZp0__frllUXP7TVTTfy-Yg --
“The True Colors of Weedle embodies my wish for all people in our world to love and accept themselves and each other no matter what colors we are “June Rachelson-Ospa is an award-winning Book writer and Lyricist for musical theater as well as producer. Her shows have been performed at the Kennedy Center, NYC, NJ, Texas Paris, London, Whidbey Island (Seattle) always receiving wonderful reviews along the way. June was a board member of the League of Professional Theater Women and a member of the Dramatist Guild and ASCAP. She is a former Board member of Theater Resources Unlimited and was Secretary for the New York City Tourette Syndrome Association and the Artistic Director of Identity Theater for 8 years. The True Colors Weedle is her first published book based on her musical. She's thrilled to share it with you today.She co-wrote with Daniel Neiden:Welcome To Tourettaville (Kennedy Center); Rapunzarella White (NYTimes Pick); Tourettaville Cartoon starring Dr. John, Michaël Imperioli and Courage the Cowardly Dog; Bollywood And Vine, Imaginary Boy( ImaginaryBoy.org, Stupid Wig Other work :The Hotel Belleclaire Premiered at the Outcast Theatre in Seattle November 2018 ,The True Colors of Weedle (Book and Lyric), Allison Brewster-Franzetti(Music) Weedle illustrated book on Kindle, The Never-Ending Line (Song Cycle)Jaime Lozano (Composer and Concept) Premiered in Paris and Players, In development Hyde and Seek The Life of Young Master Henry Jekyll, Rockin' The Planet with Peppy Castro (Producer Steve Leber) selected by GoodSpeed Author Colony 2017, Premiered in San Antonio (won a Texas Globe Award) and The Gringo Who Stole Christmas and The Truth Stops Here (In London). As an independent producer her credits include Broadway's Godspell, A Christmas Story the Musical (Lunt Fontaine and Madison Square Garden). June has also mentored special needs children through YMCA After-school Programs and was the Academy Director at AMAS Musical Theatre. June was a board member of the League of Professional Theater Women, Dramatist Guild, ASCAP, she is a former Board member of Theater Resources Unlimited and was Secretary for the New York City Tourette Syndrome Association, Artistic Director of Identity Theater www.identitytheater.com
On this week's episode of Pokedex Pathfinders, we discuss the Weedle family, Andy quizzes Ben, and we contemplate Pokémon you would not want to encounter in real life. Music by DJ Cutman. Please visit DJ Cutman at https://music.djcutman.com/
Time for some pokemon you wouldn't want to sit on! Peter, Sara, and Dave round out the first batch of bug pokemon with Weedle, Kakuna, and Beedrill. Don't forget to stock up on antidotes before giving this one a listen!
It's finally Christmas! And since everyone is not social gathering this year, we've brewed up a very special Christmas podcast cocoa for you to enjoy peacefully inside your own homes. In this episode all Sydney wants for Christmas is a Weedle. She also meets Krampus (virtually) and has her tarot read by the demon himself. Later on we cover Christmas legends and traditions from around the world and Sydney tells us which animals are the worst. And we have an additional clue on who the mysterious -demort's name is.
Episode 203, the thrilling two-hundred and third episode of the PokeProblemsPodcast! There's still more news! In Pokemon Go, tomorrow is Electabuzz Community Day! (There's some synergy going on with Pokemon TV here, too! Watch Electabuzz and Magmar episodes for free!) If you live in Tainan, Kyoto, Auckland, or Busan, next weekend there's a really cool sounding City Spotlight Event on November 22 from 10 AM to 6 PM. New ways to earn Mega Energy are coming! And, until November 16, trading range has increased. Meltan and Melmetal are back in the spotlight! Connect Pokémon GO to Pokémon HOME for a Melmetal That Can Gigantamax! You also get a Mystery Box for Pokémon GO! In Sword and Shield, the Tundra Tourney is happening through November 15, 2020, at 3:59 p.m. PST! Battle with a Pokémon team from the Crown Tundra Pokédex! In Pokemon Masters EX, from November 11, 2020, to November 29, 2020, the Flying-type sync pair Nate & Braviary and the Psychic-type sync pair Bianca & Musharna will be available in the sync pair scout. And, from November 15, 2020, to November 29, 2020, you'll also have the chance to scout Rosa & Delibird and Siebold & Octillery! Canadians can now order from the Pokemon Center!!! New stuff includes a plush of Zarude, the Sandstorm Pokémon! Also… new cards came out… Vivid Voltage! And, do not forget the new Metapod sleeping bag from Bandai Japan... Many things have also come out in the land of Nintendo! The new Game and Watch is here! KINGDOM HEARTS Melody of Memory is here. Just Dance 2021 is out! Fuser is here! League of Legends fans, there's a new K/DA video! Have a private party at Bit Bar in Salem! Avoid the wave in your own private arcade! You can now book the entire restaurant on Tuesday or Wednesday(up to 10 people). Or have the back room just for your group Thursday through Monday (up to 6 people). Prices are wicked reasonable and include game … https://t.co/GNUpUJtb1N pic.twitter.com/ihpWhS4Q9a— Bit Bar Salem (@bitbarsalem) November 13, 2020 Which video game villain would you like to be for a day? @mzsylver @thewolfdoctor— PokeProblems (@pokemoncast) November 14, 2020 Thanks for listening! If you have any questions or comments, we want to hear from you. Tweet, email, or comment on the blog or Facebook to let us know! Follow @pokemoncastTweet!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+'://platform.twitter.com/widgets.js';fjs.parentNode.insertBefore(js,fjs);}}(document, 'script', 'twitter-wjs');!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+'://platform.twitter.com/widgets.js';fjs.parentNode.insertBefore(js,fjs);}}(document, 'script', 'twitter-wjs');
Hello there! Welcome to Professor Jacob's fifteenth lesson on Pokémon biology. We finish Weedle's evolutionary line by discussing Beedrill: the Poison Bee Pokémon. This creature is very feisty and has poisonous stingers used for subduing prey, so please do not attempt to give your Beedrill a high five. And we ask again that you take notes because there's another fun quiz today!
Hello there! Welcome to Professor Jacob's fourteenth lesson on Pokémon biology. We continue Weedle's evolutionary line by discussing the amazingly boring Cocoon Pokémon: Kakuna. Like Metapod, this yellow lump essentially just sits there as the metamorphosis continues within the shell. However, the shell can get very hot while preparing to evolve, so please do not use Kakuna for a game of hot potato. And don't forget, students, there is another pop quiz today!
Hello there! Welcome to Professor Jacob's thirteenth lesson on Pokémon biology. Today, we discuss one of the most interesting Pokémon in the entire Pokédex... NOT! Weedle, the hairy bug Pokémon, is honestly boring as hell. But it loves to eat! So make sure you keep all notebooks away from the floor; otherwise, Weedle (or Mr. Kurtis) will eat the pages. And as always, we have another fun pop quiz today! Nah, who am I kidding... this quiz is as boring as Weedle is. Sorry, Weedle. You're just not as cool as Caterpie.
Wrap up #PokemonGoFest with #ANXGamecast! #PokemonTrainer Stephanie is back to discuss all the latest #PokemonGo #gaming news including Remote Raid invites, a flying #Pikachu and the REAL #TeamRocket...THATS RIGHT! We also review the last two community days featuring #Weedle and #Gastly! If you enjoy our #podcast, please don't forget to like, share and subscribe! #WelcomeHomeGamer #ANXGC #SCFirst #Games #VideoGames #MobileGames #Pokeball #Anime
You can watch the video of this stream on Twitch now... www.twitch.tv/jackitK Or on Youtube later this week... www.youtube.com/jackitkong To enjoy the second half of my Weedle Community Day, I hosted a livestream on Twitch where I hanged around on my Animal Crossing Island while catching Weedle and looking for shinys.
My Weedle Community Day experience was divided into two parts. The part were I go outside and play in a park, and part where I play from home live on Twitch. This episode focuses on clips I recorded of my time in the park while Weedle hunting. The full video experience will be uploaded to Youtube throughout the week, starting with the video form of this tomorrow at 6PM via www.youtube.com/jackitkong
Welcome back Pokemon Go Trainers! Another fun, and exciting Purified Podcast for everyone out there! Please make sure you check us out and give some feedback! Megas makes their way to Pokemon GO as well as more exciting news and battles live! Come on over.Thank You for Listening!This Podcast starts live on Youtube @ Otakuzone Purified Podcast and Twitch.tv/PureLighter, Join us Live for discussions Sunday's @ 8pm EST.We wanna hear from you!!! Feedback is always welcome! Purified Podcast is part of the Professor Network! check us out at https://pokemonprofessor.com/purified-podcast, meet the team and the wonderful work that we do!@PureLighterGO@Christo0517Join our Discord! https://discord.gg/ynzeTdaEmail us @ PurifiedPodcast@gmail.comText or Voicemail: (941) 417-9243Thank YOU!Pokémon And All Respective Names are Trademark and © of Nintendo 1996-2019 Pokémon GO is Trademark and © of Niantic, Inc. Purified Podcast are not affiliated with Niantic Inc., The Pokémon Company, Game Freak or Nintendo. #Pokemon #Pokemongo #PokemonPodcast Purified PodcastIntro Music:The Greatest Bits Pokemon Red and Blue theme (Summertime Remix)Spotify: https://soundcloud.com/thegreatestbits/pokemon-red-and-blue-themeCheck him outSpotify: spoti.fi/2k7NiNGApple Music / iTunes: apple.co/2tASClqGoogle Play Music: bit.ly/2sxTF5VDeezer: bit.ly/2r9tBwxAmazon MP3: amzn.to/2shV6RRSoundCloud: bit.ly/2qkrJQChttps://feeds.buzzsprout.com/883969
Get ready for June's #Pokemon Go Community Day featuring #Weedle with #ANXGamecast! #PokemonTrainer Stephanie is back to discuss all the latest #PokemonGo #gaming news including #MegaEvolutions, new legendary #Pokemon and a virtual #PokemonGoFest! If you enjoy our #podcast, please don't forget to like, share and subscribe! #WelcomeHomeGamer #ANXGC #SCFirst #Games #VideoGames #MobileGames #Pokeball #Anime
On this episode of Stadium Cast, AJ & John endlessly toot their own horn for a job well done in #GOTeamUP and give a brief pat on the back to the EU Emperors for tapping more skillfully than any other team. COVID perks are extended 30 days and June is now jam-packed with super exciting events like Patrat, Numel and Kricketot spotlight hours and the most epic raid hour feature yet--Pinsir! What better month now with Weedle Community Day being a thing? AJ spends an inordinate amount of time blathering on about Cresselia and Escavalier and John interrupts to read AJ's notes out loud. Matt from PvPoke and our very own HouseStark93 bring some sense to the podcast with their take on the Ultra League Meta and the episode winds down with some good ole speculation in--you guessed it--the Speculation Station. EU Emperors crowned #GOTeamUP champions!June updates!GO Fest coming to your couch this July Kakuna's CornerPvPoke's UL starter pack infographicUltra League Approaches!Escavalier and Cresselia deep diveCoach Spotlight - HouseStark93Speculation StationSolstice and Bug eventsPinsir raid eventStunfisk is a mudboi. Galarian Stunfisk is a mudboi. #StadiumGivesBack is Supporting Campaign Zero & #8CantWait || Donate HereIntro/Outro Music - Orbits by Toni Leys @tonileys on Twitter || Credit: https://diversity.moeTransitions & Sound Effects by Epidemic Sound || https://www.epidemicsound.comSupport the Show on Patreon || www.patreon.com/GOStadiumJoin our Discord || https://invite.gg/gostadiumCheck out our Fellow Podcasters: Pokémon Professor NetworkOur PvP PodcastBattle Science PodcastThe Competitive EdgeHosts - AJPilot & JRHonda121Show Art by Rambling Rabbit
Another Fine Podcast on the Giant Size Team Up Network The title is brought to you by mrtamborine19 Welcome to Pokémon GO Podcast! Charles and Joe are back with a most excellent episode. Niantic has promised to donate this year's GO Fest ticket sales to the Black Lives Matter Movement. Zekrom will be making his debut this month along with a special weekend for Latios and Latias. Galarian forms are hatching from 7km eggs, but so are Alolan forms... 32-bit Android devices will no longer be supported soon. All of that incredible content, and of course YOUR feedback and comments! Thanks to our awesome Patrons we will keep producing and improving the Pokémon GO Podcast. With your help everyone “catch ‘em all,” and you can start by going to giantsizeteamup.com/support/ and growing your community! We thank you all, for your support, and we hope you can help us serve you better as the show continues to grow and evolve. Thanks to ALL of our awesome listeners, especially our Patrons. Due to their generous Patronage, we will continue building this great community! Niantic to Donate Pokemon Go 2020 Fest ticket Sales to the "Black Lives Matter" Movement, a minimum of $5 Million Zekrom’s Pokémon GO debut and more in June! Feature updates: Adding stickers to Gifts coming soon; inviting friends to raids coming later this month! Latias and Latios zip back for another Special Raid Weekend event! Certain Pokémon’s Alolan and Galarian forms will soon hatch from 7 km Eggs! The featured Pokémon for June Community Day is Weedle! [UPDATED] We’ll be running small tests for revamping the PokéCoin system Follow Pokémon GO Podcast on Facebook, Twitter, Twitch, Reddit, YouTube, and PokémonGoPodcast.com Hosts: Charles McFall and Joseph ArdPokémon GO Podcast is a proud member of the Giant Size Team Up Network --- Send in a voice message: https://anchor.fm/pokemongopodcast/message Support this podcast: https://anchor.fm/pokemongopodcast/support
Episode 187: The hip hundred and eighty-seven episode of the PokeProblemsPodcast! Pokémon GO - June and July Community Day Results! The votes are in! These Pokémon earned the most votes in our Community Day Twitter poll and will be featured in our upcoming June and July #PokemonGOCommunityDay events! Thanks for voting, Trainers! pic.twitter.com/Yy4F4hIjIV— Pokémon GO (@PokemonGoApp) May 25, 2020 Weedle & Gastly! Don't forget! Downtime on June 1st... And then it's time for the Throwback Challenge. Pokémon GO Fest is Going Online July 25 and 26. This month's research reward is Trapinch. Reshiram is here, and Zekrom will make its Pokémon GO debut June 16. The solstice-themed event will run June 19 to June 24, and the Bug Out event will run June 26 to July 1. June will also have Tuesday Pokémon Spotlights! Tuesday, June 9, 2020: Patrat will be in the spotlight, and you’ll earn twice the XP for evolving Pokémon. Tuesday, June 16, 2020: Numel will be in the spotlight, and you’ll earn twice the Stardust for catching Pokémon. Tuesday, June 23, 2020: Clefairy will be in the spotlight, and you’ll earn twice the XP for catching Pokémon. If you’re lucky, you might encounter Shiny Clefairy! Tuesday, June 30, 2020: Kricketot will be in the spotlight, and you’ll earn twice the Candy for catching Pokémon. In Pokémon Sword and Shield Galarian Ponyta is here as a Mystery Gift pokemon! Last chance on Gigantamax Meowth! You can be the guy with the Lapras! Beach float. Plus, incredibly cute Lapras and Pikachu summertime clothing. In Splatoon 2, Team Ketchup was victorious! And, you can play in the Splatoon 2 North American Open June 2020 tournament, running June 14 and June 21. Register through June 14! https://splatoonus.tumblr.com/post/619043293630775296/the-bonus-one-off-splatoon-2-splatfest-is-a-wrap https://splatoonus.tumblr.com/post/619193382504480768/grab-your-squad-and-get-ready-to-splat-it-out-for In SMITE, Cthulhu has risen! The Overwatch Anniversary continues! The first Overwatch Novel is coming June 2! "The Hero of Numbani" tells the story of Efi and Orisa’s heroic origins! Are you looking for more awesome YouTube video game music? Carlos Eiene makes some awesome tracks! Check out some great covers below: Last week's poll showed that the people love Magikarp a shocking amount. This week's poll is another Pokemon pair-up: This week's poll... which your favorite #selfdestruct -ing ball @Pokemon ? @PokemonGoApp #voltorb #electrode— PokeProblems (@pokemoncast) May 31, 2020 Thanks for listening! If you have any questions or comments, we want to hear from you. Tweet, email, or comment on the blog or Facebook to let us know! Follow @pokemoncastTweet!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+'://platform.twitter.com/widgets.js';fjs.parentNode.insertBefore(js,fjs);}}(document, 'script', 'twitter-wjs');!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+'://platform.twitter.com/widgets.js';fjs.parentNode.insertBefore(js,fjs);}}(document, 'script', 'twitter-wjs');
On this episode of Stadium Cast, AJ & John blather on about their unimpressive Seedot Community Days and AJ explodes into a rant about the June & July Community Day vote results. Throwback research is around the corner and throwaway tickets are available. Mystic7 is featured by Twitch Esports and Niantic and GO Stadium ramps up their Twitch production. Matt from PvPoke gives us the hot takes on GBL both in GL and UL and Toshi gives us his working strategy featuring Lanturn. AJ & John wind down in the Speculation Station with how the Tao Trio will send waves into Master League. Seedot Community Day AftermathAJ spends family time John ignores quarantineJune AND July Community Day vote results are in! The Beedrill propaganda was too strongGhosts will strike againThrowback challenge special researchIf you pay special moneyMYSTIC7 was featured on Twitch Esports and Sponsored by NianticRamping up Twitch production! Tuesday Race to Rank 10, Wacky Wednesday, Thursday Sorcerous Tournament, Friday Road to Rank 10 and Saturday Team Madness Tournament FinalsPokemon GO DOWN June 1st Kakuna’s Corner New Silph Cup! Sorcerous Cup Coach Spotlights - ToshiSpeculation Station - Kyurem, Reshiram and Zekrom are coming to 5 star raidsData miners reveal the movesets... 3 New Dragonbreathers with unique typings Intro/Outro Music - Orbits by Toni Leys @tonileys on Twitter || Credit: https://diversity.moe Transitions & Sound Effects by Epidemic Sound || https://www.epidemicsound.com Support the Show on Patreon || www.patreon.com/GOStadium Join our Discord || https://invite.gg/gostadium Check out our Fellow Podcasters: Pokémon Professor Network Our PvP Podcast Battle Science Podcast The Competitive Edge Hosts - AJ (@squawk1337) & JRHonda121 (@jrhonda121) Show Art by Rambling Rabbit
Another Fine Podcast on the Giant Size Team Up Network The title is brought to you by Jackitk Welcome to Pokémon GO Podcast! Charles and Joe are here with another wonderful episode. Niantic has been dropping the ball on errors lately and these events have been a bit lackluster. I can't help but wonder for the thousandth time if Niantic is too focused on AR development rather than working on the game itself. Weedle will be the community day Pokémon for June and Gastley was chosen for July. GO Fest has official been announced for July 25th and 26th; it will be a ticketed global event. All of that incredible content, and of course YOUR feedback and comments! Thanks to our awesome Patrons we will keep producing and improving the Pokémon GO Podcast. With your help everyone “catch ‘em all,” and you can start by going to giantsizeteamup.com/support/ and growing your community! We thank you all, for your support, and we hope you can help us serve you better as the show continues to grow and evolve. Thanks to ALL of our awesome listeners, especially our Patrons. Due to their generous Patronage, we will continue building this great community! My opinion on throw back challenege : this event couldve been more fun if and proper to be called a "throwback event" if there were wide varieties of spawns rather than impoosible to catch starters and the same 2-3 group spawning Costumed Pokémon checklist Upcoming community days announced Potentially game breaking mechanic in Great Battle League, need further investigation You cannot rejoin a remote lobby if you have 0 remote passes in inventory after exiting Niantic forgot about feature "invite friend to remote raid"? Limited release of Reality Blending and PokéStop scanning coming to AR functionality in select phones Pokémon GO Fest 2020—a completely reimagined virtual event experience is coming July 25 and 26! Follow Pokémon GO Podcast on Facebook, Twitter, Twitch, Reddit, YouTube, and PokémonGoPodcast.com Hosts: Charles McFall and Joseph Ard Pokémon GO Podcast is a proud member of the Giant Size Team Up Network --- Send in a voice message: https://anchor.fm/pokemongopodcast/message Support this podcast: https://anchor.fm/pokemongopodcast/support
PkmnMstrz Podcast 50 Recording Date: May 26, 2020 Release Date: May 26, 2020 I promise, back to original mics next epsode. Welcoming Reshiram to Pokémon GO, and finishing up the two decades of Pokémon celebration Niantic's squeezed into the last 4 weeks. Waiving goodbye to Seedot Community Day, and hello to our next two months of Weedle and Gastly. https://pokemonprofessor.com http://PkmnMstrz.com Reno's done by Koko's Renovations! http://kokosrenovations.com/ Make sure to like, follow and subscribe! • https://bit.ly/PkmnMstrzDiscord • https://bit.ly/PkmnMstrzInstagram • https://bit.ly/PkmnMstrzFacebook • https://bit.ly/PkmnMstrzTwitter • https://bit.ly/PkmnMstrzTwitch • https://bit.ly/PkmnMstrzPatreon • joltsw1tch@outlook.com • SMS: 548-800-5091 • Voicemail: https://anchor.fm/PkmnMstrz/message • Music: Illiad Artist: Density & Time Tune in! https://bit.ly/PkmnMstrzOnApplePodcast https://bit.ly/PkmnMstrzOnBreaker https://bit.ly/PkmnMstrzOnCastbox https://bit.ly/PkmnMstrzOnCastro https://bit.ly/PkmnMstrzOnGooglePodcast https://bit.ly/PkmnMstrzOniHeartRadio https://bit.ly/PkmnMstrzOnOvercast https://bit.ly/PkmnMstrzOnPocketCasts https://bit.ly/PkmnMstrzOnPodcastGuru https://bit.ly/PkmnMstrzOnPodcastRepublic https://bit.ly/PkmnMstrzOnRadioPublic https://bit.ly/PkmnMstrzOnSpotify https://bit.ly/PkmnMstrzOnStitcher https://bit.ly/PkmnMstrzOnTuneIn https://bit.ly/PkmnMstrzOnYouTube Pokémon and all respective names are ™ and © of Nintendo 1996-2019. Pokémon GO is ™ and © of Niantic, Inc. PkmnMstrz are not affiliated with Niantic Inc., The Pokémon Company, Game Freak, or Nintendo. #Pokémon #PokémonGO #Podcast --- Send in a voice message: https://anchor.fm/PkmnMstrz/message
Episode 186: the hysterical hundred and eighty-sixth episode of the PokeProblemsPodcast! This week's news: In Pokemon GO, today is Seedot Community Day. Sunday, May 24, 2020, from 11:00 a.m. to 5:00 p.m. in your local time! The Pokémon GO Throwback Challenge is in its final week! Sinnoh! Get Lucario Hat Pikachu and Shiny Glameow! Don't forget, if you complete all four regional special research, you can join in the Throwback Challenge Champion event for free, happening Wednesday, June 3 to Monday, June 8. If not, you can buy a ticket to the Throwback Challenge Celebration. (You can apparently do both... ?) There are some amazing pokemon appearing as part of this event, including Galarian Meowth and Galarian Stunfisk. The game will be down for many hours June 1st! Uniqlo shirts are now available for you avatar for free! Reshiram is the first of the Unova legendaries coming to Pokemon Go, starting May 26. And voting for the next two community days is happening RIGHT NOW! Trainers, it’s time to cast your vote! The two Pokémon with the most votes will be the featured Pokémon for our next two Community Days! #PokemonGOCommunityDay— Pokémon GO (@PokemonGoApp) May 24, 2020 In Pokémon Sword & Shield, Gigantamax Eevee is here until May 25, when it will be followed by Gigantamax Meowth! Also, get Mystery Gift Pokemon with special hidden abilities, starting this week, starting with Galarian Mr. Mime. May 29 brings Galarian Ponyta, June 5 brings Galarian Corsola, and June 12 brings Galarian Meowth. Don’t forget the 2020 International Challenge May Online Competition Tournament! Today is the last day... but even one battle will get you the sweet Ball Guy avatar shirt! Pokemon TV is currently running a "best of" selection! Pokemon MASTERS features the steel-type sync pair Jasmine & Steelix until June 4. Build-a-Bear just released Jolteon! (Vaporeon is next!!!) LeSportSac has released a Pokemon collection, and it's awesome. Several items are already sold out, including my favorite, the Monster Ball Wristlet, but they expect to get new stock, so keep your eyes open! Don’t forget the Ketchup (vs Mayo Splatfest), happening right now. (Ends today, March 24.) Smite's new Final Boss Battle Pass is here, featuring some exciting skins! Gen Con is officially cancelled, but they will be having online activities! Not sure what to do at home? Pokémon Coloring pagesFinal Fantasy XIV Starter Edition free on PS4 until May 26th . Civilization VI free on Epic Store until May 28th! Forget #Weedle , #Gastly , #sandshrew , and #squirtle ... what @Pokemon do you really want to see for @PokemonGoApp community days?— PokeProblems (@pokemoncast) May 24, 2020 THE MIME DOCTOR and the Curious Mr. Ditto thank you for listening! If you have any questions or comments, we want to hear from you. Tweet, email, or comment on the blog or Facebook to let us know! Follow @pokemoncastTweet!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+'://platform.twitter.com/widgets.js';fjs.parentNode.insertBefore(js,fjs);}}(document, 'script', 'twitter-wjs');!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+'://platform.twitter.com/widgets.js';fjs.parentNode.insertBefore(js,fjs);}}(document, 'script', 'twitter-wjs');
Another Fine Podcast on the Giant Size Team Up Network The title is brought to you by sivilianonbace Welcome to Pokémon GO Podcast! Charles and Joe are together for episode 200! Niantic has brought back voting for the next community day Pokémon and one of the choices is Weedle, so bring on the murder hornets! Reshiram, Zekrom, and Kyurem are the next 3 legendaries raids to be available. Charles and Joe discuss a lot of QOL enhancements suggested by the community and they are some amazing suggestions. All of that incredible content, and of course YOUR feedback and comments! Thanks to our awesome Patrons we will keep producing and improving the Pokémon GO Podcast. With your help everyone “catch ‘em all,” and you can start by going to giantsizeteamup.com/support/ and growing your community! We thank you all, for your support, and we hope you can help us serve you better as the show continues to grow and evolve. Thanks to ALL of our awesome listeners, especially our Patrons. Due to their generous Patronage, we will continue building this great community! Unova’s legendary elite—Reshiram, Zekrom, and Kyurem—are coming to five-star raids! T-shirt avatar items from the UNIQLO UT With Pokémon Collection come to Pokémon GO! Community Day voting is back! Which Pokémon will you choose to be featured during June and July Community Days? Throwback Challenge 2020 Special Research—complete the challenge on a high note! Pokémon Go cannot go back to “normal” Niantic's latest official article includes some sort of yellow circle, potentially showing who is "interested" in raids like we have asked for before Throwback Challenge: Sinnoh - Leek Duck Building experiences from the ground up (literally) - Niantic Your guide to playing Pokémon GO at home is coming soon Follow Pokémon GO Podcast on Facebook, Twitter, Twitch, Reddit, YouTube, and PokémonGoPodcast.com Hosts: Charles McFall and Joseph ArdPokémon GO Podcast is a proud member of the Giant Size Team Up Network --- Send in a voice message: https://anchor.fm/pokemongopodcast/message Support this podcast: https://anchor.fm/pokemongopodcast/support
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Dr. Seuss eat your heart out.It's podcast time guys, and today is half and half for nerd shit vs. real-life content. I was at a wedding, the official BM of the ceremony if you will. Having been married last year I can safely say attending a wedding is probably more fun than hosting one. Yes, not as special as your own wedding, and it's not for you, but daaamn I had very little to do at this wedding besides have fun. Whereas at my own wedding (and I'm sure at lots of yours) a lot of time was spent running the show, dealing with drama/family, kissing your spouse in front a thirsty crowd banging the table and chanting, etc. Anyway it was a nice time, Mazels to two very special peeps in my life. Besides that just expect more wadding into the dad pool. Lil' Art is every bit as cute as ever, but has become nocturnal and avoids sleeping at night at all costs. So that's fun. Complaints are limited though, as wifey definitely is getting the worse end of the stick.Let's talk about Pokemon Sun and Moon. I actually hated this show for a while. I caught the first few eps. when it came out, just couldn't get into it. Smoother (some will say "less detailed") animation styles replaced the more line-heavy anime flavor of its predecessors. The unfamiliarity of another cadre of young protagonists did literally nothing to interest me, and I flaked out. But after binge watching it (because it was on in the background, the baby was sleeping, and no one wanted to move) it grew on me. Now this isn't a Stockholm Syndrome type thing. I just came to the realization that there's weird merits to the show. It's much more self-aware than other previous seasons, allowing for a handful of meta jokes and self referential humor that obviously pays a bit of homage to older viewers. More than that though, the region they are in (Hawaii- I mean "Alola") is totally different from what we've seen. Not just because of the cool island breezes, but this is by far the most dangerous place to be. The humans and Pokemon live much more closely than in the traditionally painted cannon. For example, a gen 1 farm would have pigs/cows/chickens and maybe a Growlithe for protection. In Alola, the farm is Miltanks and any other livestock style creature. Mostly this is fine, but people keep getting attacked by Pokemon. And that's gonna straight up kill someone. It's also a lot of why I watch the show. Most Pokemon irrespective of their type or size, can easily kill a human being with their 4 abilities. Trying to catch a Weedle near you house? Ahh poison sting, guess you're dead. Trying to hike with the family on a local rocky trail? Geodude uses Self Destruct, 16 dead in the area. It's dicey out there.Anyway, Pokemon is neat. Hopefully I'll be able to catch Detective Pikachu soon, but thanks for listening guys and enjoy the groovy June weather while it lasts.Cheers!
Dr. Seuss eat your heart out.It's podcast time guys, and today is half and half for nerd shit vs. real-life content. I was at a wedding, the official BM of the ceremony if you will. Having been married last year I can safely say attending a wedding is probably more fun than hosting one. Yes, not as special as your own wedding, and it's not for you, but daaamn I had very little to do at this wedding besides have fun. Whereas at my own wedding (and I'm sure at lots of yours) a lot of time was spent running the show, dealing with drama/family, kissing your spouse in front a thirsty crowd banging the table and chanting, etc. Anyway it was a nice time, Mazels to two very special peeps in my life. Besides that just expect more wadding into the dad pool. Lil' Art is every bit as cute as ever, but has become nocturnal and avoids sleeping at night at all costs. So that's fun. Complaints are limited though, as wifey definitely is getting the worse end of the stick.Let's talk about Pokemon Sun and Moon. I actually hated this show for a while. I caught the first few eps. when it came out, just couldn't get into it. Smoother (some will say "less detailed") animation styles replaced the more line-heavy anime flavor of its predecessors. The unfamiliarity of another cadre of young protagonists did literally nothing to interest me, and I flaked out. But after binge watching it (because it was on in the background, the baby was sleeping, and no one wanted to move) it grew on me. Now this isn't a Stockholm Syndrome type thing. I just came to the realization that there's weird merits to the show. It's much more self-aware than other previous seasons, allowing for a handful of meta jokes and self referential humor that obviously pays a bit of homage to older viewers. More than that though, the region they are in (Hawaii- I mean "Alola") is totally different from what we've seen. Not just because of the cool island breezes, but this is by far the most dangerous place to be. The humans and Pokemon live much more closely than in the traditionally painted cannon. For example, a gen 1 farm would have pigs/cows/chickens and maybe a Growlithe for protection. In Alola, the farm is Miltanks and any other livestock style creature. Mostly this is fine, but people keep getting attacked by Pokemon. And that's gonna straight up kill someone. It's also a lot of why I watch the show. Most Pokemon irrespective of their type or size, can easily kill a human being with their 4 abilities. Trying to catch a Weedle near you house? Ahh poison sting, guess you're dead. Trying to hike with the family on a local rocky trail? Geodude uses Self Destruct, 16 dead in the area. It's dicey out there.Anyway, Pokemon is neat. Hopefully I'll be able to catch Detective Pikachu soon, but thanks for listening guys and enjoy the groovy June weather while it lasts.Cheers!
EP175 - Hudson Yards and retail earning news Review of Hudson Yards mixed used shopping development in NYC (thye don’t like to call it a mall). Upcoming Shows: Code 6/10 RetailX 6/25 NRF NXT 7/22 Etail East 8/19 Grocery Shop 9/15 Walmart, Macy’s, Kohls earning reports. Direct to Consumer Valuations (Harry’s, Away, and more) Don’t forget to like our facebook page, and if you enjoyed this episode please write us a review on itunes. Episode 175 of the Jason & Scot show was recorded on Tuesday, May 21st, 2019. http://jasonandscot.com Join your hosts Jason “Retailgeek” Goldberg, Chief Commerce Strategy Officer at Publicis, and Scot Wingo, CEO of GetSpiffy and Founder and Executive Chairman of Channel Advisor as they discuss the latest news and trends in the world of e-commerce and digital shopper marketing. Transcript Jason: [0:24] Welcome to the Jason and Scott show this is episode 175 being recorded on Tuesday May 21st 2019 I’m your host Jason retailgeek Goldberg and as usual I’m here with your co-host Scot Wingo. Scot: [0:39] Hey Jason welcome back Jason Scott show listeners. Jason this is one of those rare occurrences which I think is actually not rare this year that we are in the same city so I am up in Chicago you and I just gave an amazing talk to Retail Group about innovation. I’m Wichita that do a deep dive sometime I think I would drop some serious knowledge of their want to thank them for having us up and then we were able to lay down a podcast since I’m up here. Jason: [1:06] Yeah I feel like it’s super distracting to actually get to look at you while I’m talking to you usually it’s just the the picture that I have hanging in front of my desk. Scot: [1:14] Yeah your hair is amazing today I think we referenced in the taco or that you had a Brazilian blowout so it’s looking good. Jason: [1:21] Yeah I’m not going there but I’m glad it worked for you. Scot: [1:23] It’s also chilly here in Chicago I was in nice 90 degree weather down in North Carolina and flu up in my shorts I made that Strategic Air and it’s like 52 and rainy here in Chicago. Jason: [1:35] Exactly but I I would like the record to show that I’m still not ashamed of you because I have brought you to my office in your goofy shorts and Jack. Scot: [1:47] Yeah the other thing I’ve learned is when your Chief Commerce retail strategy digital officer you get Swanky Office Space. Jason: [1:55] Yeah I don’t know I don’t know about that they just don’t know that I’m here so that’s like until they discover me I’m going to. Scot: [2:01] It’s like we work but in Wedding Crashers all together. Jason: [2:05] Exactly exactly show us to talk about this week Scott. Scot: [2:10] Yeah we have some trip reports of you and I have both been to New York recently and went to the Hudson yard new set up there which was pretty cool how did you get to walk around the structure there called I caught the structure I think they’re going to rename it it’s the vessel did you get to walk around and. Jason: [2:32] I did and this is going to be a big problem for me if the new attraction in all malls is hundred and fifty-four staircase structures I’m in a lot of trouble I might have to change my my field because my fitness level is not appropriate for climbing. Scot: [2:47] Yep sadly when we went the line was like 45 minutes to get into the vessel so we pass on the vessel but I did get to go into the I don’t know we’re supposed to call I know they are violently against calling it a mall so we went. Jason: [3:02] Next you shopping space. Scot: [3:04] Yeah I went into the mixed-use shopping space that was good so they have a beta store they’re obviously that you’re on the show, first answer my family down there they really enjoyed the show and then I went with my younger daughter and they had this whole thing called a smart Park, news this whole combination. Art installation space and kind of amusement area, I’m in when we went there they had this really interesting kind of amazed so there’s imagine these sheets hanging from the wall in about a 3000 square foot area you navigate through these things and you kind of confined a lot of little interesting. Art displays inside of there and then there’s a fun mirrored area we can watch everyone kind of getting lost inside of the maze that we enjoyed that. Jason: [3:51] And is it purely to experience or is it also one of these places it set up to take like unique Instagram photos and. Scot: [3:59] There was some of that yes so some of the art installation she likes it in so imagine a column that’s hollowed-out with a seed in it and then a mirror kind of a disco ball mirror on the inside so yes there’s a lot of lot of selfies taken lot of Instagram exciting. Jason: [4:15] Yeah so it’s like taking me I have to be back as. With most malls apologies these days that’s it’s sort of intended to be a mixed-use space so there’s, luxury condos there’s a bunch of retail space, there’s a bunch of Premium food and then there are these sort of experiential spaces inside the vessel is this free one which is this really interesting structure with all these staircases outside there’s one you just mentioned and then it’s not open yet but they’re going to have, it’s very tall tower and they’re going to have I think the highest outdoor deck in the in the in Manhattan. Scot: [4:57] Yeah it’s called The Edge not to be confused with, one of the members of U2 but it’s cool yes cantilever doubt and I believe it’s like 70 or 80 stories up. So it looks like it’s going to be fun and it has an area there so he’s in Las Vegas on if you’ve been to them we’re going to glass bottom to it so not only are you you know I made some behind it in the air but it seems like. Jason: [5:24] Charter member of the ghost bar in Las Vegas. Scot: [5:26] I’ve also been there how about that. Jason: [5:32] Boiler word that means that place is no longer cool when Jason and sky. Scot: [5:36] We’re all in for table service and were the only people there so that’s going to be kind of fun to see what that’s like unless you’re scared of heights than that will not be fun. Jason: [5:47] Into what was your overall impression this development a little controversial. Scot: [5:53] Yes oh my I always go to my wife on this she felt like everything there was crazy expensive so so there’s as you know there’s an anchor stores a band I like to find things that can go on sale and there was like nothing on sale at this entire mixed-use environment so the betta shop was a power favorite another one there is a direct consumer sock company called stance and they were there so that was kind of interesting. Jason: [6:25] I have an inkling why you like them. Scot: [6:26] Yep they have Star Wars socks sadly they did not have them at the location, you know as a operator I just kind of couldn’t get my head wrapped around how many socks should have to sell to pay for the rent so I felt like something like 10,000 pairs a day so I’m not sure you allow these things, I lost four companies and they’re really more of the flagship branding kind of on the p&l versus like a real money maker. Jason: [6:52] Yes what it is going to be interesting to watch the. Anita manhattanites have been a little negative on this base you know they all tend to be tribal and stay in their own neighborhoods and there’s some well-established shopping district either close to where they work or where they habitually shop instead of Hudson yards is in a new, area that doesn’t have a lot of residential so it’s right next to Javits Center it’s coming on the water on the 33rd and 34th, and when you talk to about a manhattanites there like who’s going to go down there. Scot: [7:25] I’m so far away. Jason: [7:26] To go shopping and I always remind them like. Retail here isn’t probably first and foremost for them like it’s meant to be another tourist destination some of the traditional shopping centers for like luxury shopping like Fifth Avenue are actually starting to dying and brands are moving, away from there because their rent has just gotten so crazy, and so these kinds of places are are potentially alternative so I I don’t rule out Hudson you are being successful because of that like all mixed-use properties. What’s really going to make it successful or not is how successful they are at the mixed-use part like if they sell out all the the residential there and they. [8:06] Build a big community of potential customers and the the food is attractive enough to draw people there for date night and stuff. It’ll probably go well if those things end up being a facade and the only reason you’d go there is to shop the beta store or the stand store. There are other beta and stand stores in Manhattan so like I don’t feel like their store assortment is really differentiated like in fact. It’s mostly the assortment you see it at any other sort of a or even being Mall, in the US at this point and we’ll maybe talk about that in a minute the one really Unique Piece of retail there is the Neiman Marcus I’m in the reason I say That’s Unique is because Neiman Marcus is a texas-based, luxury retailer would like 40 stores open the new store and sometime and they haven’t been in the new New York market and so it’s kind of interesting. They’ve been relatively successful in the markets there in but. Opening a new luxury department store in New York is very ambitious because there’s a lot of pretty well-established luxury department stores inside this. You know it’s the newest in there for probably the nicest Neiman Marcus but it’s you know very high-risk high-reward whether they’ll be able to win over manhattanites with their ton of the Dallas Vibe if you will. Scot: [9:29] Yes several New Yorkers I know pointed out the a bit of hypocrisy about it because I think the the state and city gave a lot of development funds to this group I’m actually more than were proposed for Amazon so it’s kind of funny that this was allowed to continue but then you’re bringing Amazon which would actually I have more jobs than a bunch of living and retail space would have to be very interesting to see the the politics of Play-Doh. Jason: [9:54] I mean these kind of Economic Development incentive programs are super dominant in retail and in development and obviously. Why do you think there’s some hypocrisy there I also think it’s somewhat of a self-inflicted wound I mean Amazon dramatically raise the. The the the public awareness and therefore like made themselves as a Target so I maybe don’t have total empathy for them. But that this does dovetail to that the other thing I did in my New York trip is I went to another mall that’s south of Hudson yard called Brookfield Place and the reason I went to. The place is that’s that’s a downtown that’s very near the new World Trade Center. And it’s a similar mall with a very similar assortment of stores and actually I would argue while the food is is much more. New indistinct at Hudson yard the retail mix between Brookfield Place and in Hudson yard is very similar and therefore not differentiated. [10:58] What place has a lot of businesses already in it and they just open the first Amazon go store in Manhattan so for the, all the retail price that’s based in New York and I want to say Bloomberg might even be based in Brookfield Place, this became news because it was their first chance to experience Amazon go in their local market and so I want to see if they did anything different than they’ve done in the other nine Amazon go store. Scot: [11:26] Today was a similar footprint cuz it got like a sassy that got alcohol in some now there’s some big ones and some small ones but they all tend to have prepared meals and kind of more of a convenience store type selection. Jason: [11:39] Yeah I think if you drop those people in the store they wouldn’t be able to differentiate it from any of the other ones it’s definitely on the small end of the footprint. And it does not have alcohol and the one differentiating characteristic you would you would really struggle to noticed so, Manhattan is one of several municipalities that have this local ordinance that retail stores must accept cash. And so big that’s a big controversy for Amazon go stores because they they were not designed to accept cash and so, when Amazon open this store in Manhattan part of the pr round it was oh this is the first go store. That would accept cash so I went there you know amongst other things to see how they they plan to handle that in the answer is badly. Scot: [12:30] What kind of ruins the experience right the whole experience supposed to be totally digital. Jason: [12:33] So again the whole point is like you use the app to show barcode to scan your way into the store you just grab whatever you want and walk out in the cameras automatically charge you for everything and it’s just walk out technology. The pay with cash this time you can’t get through the turnstiles so you have to flag down an associate when you’re outside the store and get them to launch their app and cashew in meaning scan you in as a cash customer. And then when you’re done shopping you have to flag down another employee who’s going to wheel out a portable. Cash register with a cash box to accept your cash and then they’re going to have to walk you out of the car and it just. It’s a very light. Obviously they put a process in place to comply with the ordinance but if people really wanted to pay with cash this is an extraordinary High friction and experience and of course. I like to joke it with Amazon go stores they invented just walk out but they broke just walk in. Because there’s always a line in front of the store people trying to download the app to get in and now there’s people like, turn the flag employees to get cashed in it’s it’s an awkward situation for them I don’t think any of their customers want to use cash I think it’s just an order in this thing. Scot: [13:51] I bet they’re like a podcaster that wants to talk about our turbocash. Jason: [13:57] Exactly I like to pretend that I’m such an irritant that there’s a picture of me in the in the employee room that there probably isn’t. Scot: [14:06] Just a quick note we’re coming up on trade show season I am not going to a lot of trade shows but Jason is so code recode is coming up June 10th and that’s in York. Jason: [14:18] That this year so historically has been in Southern California is the first year they’ve moved it to The Phoenician in Scottsdale Arizona. Scot: [14:26] Should be nice and hot by them the show previously known as Internet retailer Conference & exhibition is now called retail X and that is June 25th I don’t think either of us are you going. Jason: [14:38] If I’m in so that’s in here in Chicago if I if I’m in town I will at 10 but I haven’t. Scot: [14:46] Poops then NRF has a new show called NXT or next and that’s going to be July 22nd etail East is in August 19th Jason speaking at grocery shop which is from the shop talk folks and that is September 15th what he’s thinking about. Jason: [15:04] Back in Vegas I’m moderating a couple of panels and you’ve totally busted me because as I sit here right now I can’t yeah it’s a. Scot: [15:11] I said grocery stuff from side delivery. Jason: [15:15] Transformation of a digital grocery is going to be super exciting don’t miss it. Scot: [15:19] Well it wouldn’t be a Jason Scott show if we didn’t talk about some Amazon news. Jason: [15:24] Amazon news new your margin is there opportunity. Scot: [15:38] A quiet couple of weeks at Amazon couple things we wanted to hit on so one thing I thought was interesting is in India Amazon is testing a travel program this is kind of like what I would look at liked Expedia business model were there, instead of just being a a better site there actually looks like they’re taking inventory so imagine imagine that goes well Amazon Alexa test these things a lot different markets imagine that goes well and in the next couple years imagine you could book your travel through Amazon and you know what can you tell me about that cuz imagines part of prime, I’m the beer that starts your travel habits Amazon so good at all this data processing they can do and they could give them an edge on going out and buying inventory so that the secret of the travel industry is a lot of times it’ll use this data and I’ll go by rooms Expedia will go take inventory risk, and then because they can go and say I was in Chicago’s when he busy and they go buy a bunch of rooms they can solve them and then they can you make a bigger profit or give a bigger discount so you can see Amazon doing some really interesting thing for Prime users wear you can effectively married with data you can effectively you know part of your Prime benefit would be really good hotel room kind of pricing I thought that was interesting. Jason: [17:01] That further expanding the definition of the everything store. And went winning is mounting interesting to me about that is wow they’re pursuing that business model in India that model in the US has become somewhat controversial because you know who is really. Threatening the traditional travel portals here is the Google so you know very hot you you do what you Google. Hotel or flight information and now the incident answer box pops up and you can actually book your travel through that, is answer box a lot of the traffic that would normally flow from Google the Expedia or Travelocity or those sites Google’s now. Started stealing and monetizing and that’s like you know obviously that the traditional travel portals are not in love with it. So that’s an interesting watch another part of the world Amazon acquired a delivery company in the UK called delivery. The main reason I want to bring that up is because it’s really fun to say deliver roof. But this is another one of those businesses that they’re not. As big and in the u.s. delivery was sort of the doordash in the UK there are a meal delivery service in so that that was interesting acquisition as Amazon continues to bolster their. Their breath of offering and their global. Scot: [18:25] Speaking of delivery in Amazon so we talked about on the last show day Amazon in their q1 earnings, announce that they are going to move Prime from two to one day now a lot of that is being driven by this program called the delivery service providers and that’s where they have these really fancy Mercedes sprinters out there they’re kind of like this gray with the orange Amazon smile. I see you like 20 a day in my area I think they, Danish about 20,000 of those next day delivery they talk about an 800 billion dollar investment I think that’s going to be a lot into that program and I think they’re having enough challenge getting people there then now that any Amazon employee that want to set up their own DSP business Amazon will, set them up the game guarantee volumes and then they’ll actually pay their there previous job out three or four months so you know if they’re getting very creative on how they get more people to start these kind of 1099 delivery businesses for. Jason: [19:28] And the way I think that’s got like it’s it’s not a 1099 individual employee delivering stuff from Amazon it it’s essentially. Amazon hiring a franchise business to do deliveries and I think they’re their preferred version of that business has more than one van. Scot: [19:46] Absolutely yeah they want they want employees to go and set up you know a business and hire 10 people and manage the whole thing and, 10 20 30 40 50 people, the first company that did this is FedEx Ground so ground is effectively uses if you go to the dance closely every fax van has kind of been the corner operated by, Jason Chicago delivery company FedEx air is completely owned and operated this broad category there’s a lot of legislation around this, out there the labor market just the labor department actually just opined and said individuals as 1099-r can still be 1099 now we’ll see how long that stays there because it’s in the political world and there’s been a lot of FedEx has done a lot of litigation around the way they do the businesses and that’s that’s pretty. I’m pretty well litigated and if there is a business a true business then it can be kind of 1099 relationship. Jason: [20:46] And this is not so uncommon like obviously a lot of other kinds of businesses are are actually a network or franchisees like a lot of fast food restaurant chains for example and often, when you when you’re in growth mode one of the ways you if your Burger King or McDonald’s that you might grow your franchise footprint is you, you looking at an employee base and go to all those good assistant managers and offer them financing to buy their own, franchise in so I think of this Amazon program is someone on the same one. Scot: [21:18] Yeah where it could bite you is I say you have you know this engineer working on AWS who gets a wild hair and wants to be on. That made a harsh Street place I don’t know how many people I don’t know who they’re actually offering this to my my guess is probably kind of like supervisor enough time in the Fulfillment center so so they didn’t cover that in the Presley’s but I bet there’s a certain type in that yeah if you are a senior developer this probably isn’t available to you. Jason: [21:48] I would say if you were a conspiracy theorist. Amazon is sort of rejiggering they’re the real estate and they’re moving a lot of employees around and one of the things that happens as you have. Sojourn. And so potentially this is also a way to mitigate mitigate some of that turn that some of those employees that maybe wouldn’t have relocated to the new facility that you’re moving their team to stays in the family with one of these business. [22:19] In tow, you sort of wrapping up our Amazon delivery news Amazon of course I made a Big Splash in the US they announced that they were primarily going to, one day delivery and we we’ve talked about this in a previous episode of the show Because of Winn Amazon on their earnings call announce, did they were moving from 2-day delivery free with prime to one day delivery free with prime there was kind of a snarky tweet from Walmart. Saying at that doesn’t sound like you do News free one-day delivery with no Prime Membership would be a much bigger deal. And we all took that to imply that that was something Walmart was working on with but wasn’t prepared to announce. And so now of course they have announced it and, I would say it’s kind of mixed it was not exactly what I expected so they’ve they’ve announced that they’re Walmart has announced that they’re going to provide free one day delivery on orders over $35 which is their usual shipping threshold. In initially in three marker. [23:27] What’s it isn’t that big a deal but they sound like they’re they’re intending it to scale at rapidly so they they intend to reach 75% of the US population by the end of the year. And so you know they I’m calling this the one day Shipping Wars as as both these companies are sort of escalating the. The shipping promise. As we talked about in the previous episode Amazon has a lot of infrastructure to leverage to do this and it’s probably kind of a incremental thing for Amazon, it’s probably going to take a much bigger investment from Walmart and arguably Walmart eCommerce already isn’t profitable so this is probably like, a pretty painful move for Walmart to further a road margins to keep up the service level that that Amazon has offered, are you a Walmart can afford to do that what’s going to be interesting as the rest of the the market right at Walmart and Amazon are both offering one day delivery that’s going to set a new expectation level that all the rest of retailers are going to really struggle to me. Scot: [24:32] Yeah I saw an interview with Mark Lori and another reporter said you must be doing this from the stores and they said no it’s going to be from the warehouses and so it’s interesting so there’s like a whole different set of inventory that will be available for that I’m going to be kind of play this out you know the next kind of domino fall is Target and noble fir Target talk about more than 50% of their stuff is so from the store so what are Target can almost get there faster on the smaller selection of store items by cranking up the ship from store kind of capability. Jason: [25:05] Yeah I think that’s exactly the the trade-off that they each have to make Amazon’s got. North of 400 million skus that they sell now. Several million of those are available for this too and that one day shipping likes them millions of skus in there one day shipping program Target. [25:29] Primarily sells the assortment that they have in the stores now they do have a broader assortment online and and they recently made no news because they’re adding their own Marketplace but all that ship from store, is the store inventory so the overwhelming majority of Target sales are the 60,000 skus that are in a Target store side note. Those those popular shoes are generally the hardest ones to be profitable. And then Walmart has been kind of in-between they have a hundred thousand skews in a typical Walmart store and I assumed that’s what they were going to offer one day on because that would be a pretty painless thing to do is ship from store. And they actually didn’t do that they’re they’re saying that they’re assortment for one day shipping is going to be about 200,000 skews so that’s twice the assortment of a store. They’re shipping from the Fulfillment center it sounds like least initially they’re shipping from existing fulfillment centers but they’re going to have to dramatically expand those performance centers cuz traditionally. Walmart is spread their inventory around there 8 for filament centers in when you order 10 things you may well get three boxes and so what they’re now saying is you’re going to get everything from one for the moment Center and it’s going to be up to. 200000 items that we can promise one day and so essentially what Walmart is really doing is. Adding a bunch of capacity to their existing Adidas e fulfillment centers to offer this new service. Scot: [26:51] There’s a beauty that means just bigger or more robots or more people. Jason: [26:55] So don’t know they haven’t said but I suspect the answer is going to be Automation and the not so much because the automation is more efficient that’s a benefit but. One of the cool things about these automated systems is they stack up higher in so you can get inventory all the way to the ceiling as opposed to just inventory that a person. Marker 02 [27:14] Speaking of Walmart we are entering a peak earnings reporting season for retailers and so Walmart did report their earnings and, is generally pretty good. Their earnings were slightly above expectations of Revenue was slightly below expectations same-store sales were up 3.4% which is right about, we’re the analyst expected them to be and then the big number I always like to watch at Walmart was there eCommerce sales were again up 37% for the quarter so they’ve been in that, 40% range last year they promised 40% for the year and they basically hit it I think they said that that for the year that the growth will still be big this year but slightly lower and so starting off with 37% is probably pretty good. Scot: [28:02] Yeah an Amazon this slow down so Amazon’s kind of in the low 20s now and you Walmart Ecommerce going twice the size of Amazon which will help him catch up now you pointed out on the show a lot that’s coming from grocery so what can I have to see you at some point every store has curbside grocery then it becomes a game to see if you know can you drive more general merchandise and grocery sales do that that e-commerce pipe. Jason: [28:27] Yeah I think Walmart has basically laughed all of their big Acquisitions and so the company against those now but they still only halfway to plug with groceries so they’re still comping against stores that have you just called her the didn’t that goes to ask. Scot: [28:42] Yep and they always do more Acquisitions that always helps with the inorganic I’m so set up going into the earnings was interesting cuz Macy’s surprised books in a positive way same-store sales grew .6% which you know you may say wow that doesn’t sound great but you know I think while she was looking for a flat down and then they you know the the stock reacted positively I visited I actually here in Chicago I visited Macy’s and we went to the one in York is really interesting to see story so in Chicago is pretty start there’s other renovating it so there’s like all these gray sheets hanging around and then, talk to you in theirs is colorful section of the store so it almost felt like story was taking over Macy’s in the signage everywhere and even the one in New York the story really like you. So interesting to see a lot of innovative things are doing at Macy’s. Jason: [29:37] For sure the next one really surprised me is Kohl’s and Kohl’s has been sort of an outlier in the his department store stories they’ve been the one, department store that isn’t completely value-oriented that like has been generally conferring comping pretty favorably, and in particular their same-store sales have comp favorably every quarter for I think the last two years they made a lot of news around their partnership with Amazon and letting you return Amazon packages in the store which they, have said drives a lot of incremental traffic to the stores so they’re a little bit of a earnings darling and they just had their earnings call this morning and. Surprisingly pretty severely down so same-store sales were down 3.4% I think the the initial reaction on the market is the stock really took a hit the management team, talked about my favorite excuse they bring the weather, which to me is always a warning sign and they you know they talked about the risk from tariffs. Potential warning sign at Kohl’s at first first sort of chink we’ve seen in their armor in a while. Scot: [30:49] Yeah I also heard and we’ll talk about JCPenney I heard Kohl’s and JCPenney are trying to dial down promotions in the consumer is not reacting well to that they’re kind of like I’m not coming to your store unless you’re going to give me some kind of a promotion of some kind. Jason: [31:02] Yeah and so I think Kohl’s answer in his earning call is so we’re going to go back to the promotions and if that’s of course a one-way door that you you basically can’t reverse once you educate customers to only shop for the deal your car stuck with that for the rest of your life. Scot: [31:17] Yeah it does so JCPenney also announced today and it was kind of a worse-than-expected situation so they’re the same store sales were down 5.5% revenues down 4.1% I’m so you may ask yourself why is that different will there be the closing stores quickly which which kind of helps and then the bad news is why all this is happening there they’re spending more than expected so they missed on DPS as well Macy’s telephone Tale of Two Cities with Macy’s and Wal-Mart so far really kind of coming out ahead and then Kohl’s and JCPenney I’m coming down behind, I also was announced today in a we try Molly getting here on the show Dress Barn announcer closing 650 stores we’ve had I think we have had more store closures and now started this year than all of last year, so so this kind of in a mulligan is worsening it kind of went was flat from 17 and 18 you’re 19 feels like it’s definitely kind of the snowball is gaining momentum so I think there’s white like 5,000 stores that have been announced and that’s what we did last year. Jason: [32:25] Potentially even a little more now. Scot: [32:27] Yeah so that’s that’s. I kind of used his good news I think we need to kind of clear out this dead underbrush and then build a new retail experiences so we’ll see how that goes. Another we want to spend time on today we kind of touched on it while the whole episode with web episode 174 was about direct-to-consumer digital native vertical Brands but really there’s been a lot of news they’re so we so Perry’s was acquired for 1.6 billion what is interesting things about that acquisition is that we’ve seen this too so I kind of called this analog company buys digital DNA and then what it what do they do with that digital DNA so some of the early ones were PetSmart bought chewy Walmart by jet and they took the leadership of Jet and put him in charge of a lot of things mostly e-commerce and then we saw it with Dollar Shave Club, I think they founder of Dollar Shave Club is now running a pretty big piece of the car and Company there so it was interesting about this announcement is the Harry’s team is going to be running the whole us operations of the clearing company which is shiksa substantially. Jason: [33:45] That’s kind of a pun for the shipping industry. Scot: [33:48] Edgewell Cooks so you know this this is and of course 1.6 billion is nothing to sneeze at so it’s really heating up in this space also a way to raise capital. Jason: [34:03] Yeah where is the another hundred million dollars, I think we talked the last year mid-year they raise about 50 million dollars but what got people’s attention was they raised it a 1.4 billion dollar valuation so I think it was Wellington Capital Management LED this particular round but one of the things they said they’re going to do with this cash is open 50 new stores in a bunch of new markets and potentially introducing new product. Scot: [34:30] Yeah in love and one of the things in the world of venture capital that we look at is this whole unicorn Club so once a company gets up to a billion dollar valuation it’s called The Unicorn there’s not that many of them that’s why I’m so now we’ve got. Between 6 and 8 depending on how you’re counting companies in that club so I’ll just go quickly through it Warby has a 1.75 billion valuation is raised about 300 million allbirds is at 1.4 has raised 77 million weigh at 1.4 billion and has raised a total of 156 Harry’s which was acquired their previous valuation was 1.4 and they raced 250 million eyeglasses at 1.2 billion valuation 187 million raise Casper 1 billion valuation at 340 million raised Dollar Shave Club 1 billion at 163.3 million and finally hymns in kind of the direct-to-consumer pharmaceutical space a billion dollar valuation on about 200 million dollar wrist so. [35:34] You know those are interesting numbers you can kind of look at the multiples there you made a point that was interesting can I sell you on the show you guys should get such a big valuation why would a way not raise more capital and I think you know. Couple things are sometimes these sometimes I sugars are choosing to get in this billion club and then the capital E raised have a lot of negative aspects to it it’s effectively almost like alone so so the people in the investors at that scale will say all right I’ll give you this evaluation but I got all these protections there’s several. Jason: [36:10] Ratchets in the. Scot: [36:11] Yeah there’s there’s they can double dip on participation so there’s like there’s all these things that you can bake in there took the really kind of take their us-20 could be part of it is there is no you don’t want to. Pull down a lot of that kind of capital another thing that could be in there is. Also you could have things that commit to going public so some of this is called mezzanine Capital has kind of a trigger in there that says in 3 years if you don’t come go public or have an exit this thing kind of like explodes on you or it turns into start paying it back. So the other one that I’m seeing is if we pick on a way the big fan of the brand they’re I think they’re actually profitable so when they’re going in and raised in this Capital it’s usually for a very specific purpose that says, Iowa krapfl right now but we want to own we want to open 40 stores that’s going to take 30 million to open those doors so then we’re going to go ahead and kind of little cushion on that and draw down a hundred so you know so is that that could be another reason why there’s not a lot of capital being pulled down. Jason: [37:17] That meant that makes total sense. Scot: [37:20] Another thing I wanted to talk about that that I’m watching really closely is the IPO windows open so we had you know you could argue if it’s successful or not but we had IPOs from lifting, if someone else in our space that is filed to go public is chewy so when you file go public the document you file with the SEC is called the s-1, is pie crust dry reading everywhere it’s kind of a poop sandwich I like to talk about it so so what you know the because of the way the laws are set up, you almost have to discourage people from investing in your company I haven’t gone through this process before so what you do is the bread you have to have kind of like the SEC is in 3 sections the first part is you know All These Warnings you know. And it’s kind of funny that the the buses to financial press boost the Press I’ve noticed retail they kind of focus on those things and they’re like oh my God they could be exposed to all this competition and but you purposely have to make that negative so you avoid lawsuits from someone saying chewy didn’t tell me PetSmart was a competitor blah blah then the delicious middle part is called the management discussion and then you have a bunch of the end so I encourage listeners to kind of open up the two S1 go right to the management discussion and then this really interesting things there I wanted to share. Jason: [38:38] Answer a question for me about the wrist part. You read those sections and it’s super Armageddon the and I sort of imagine that there’s somewhere there’s this really funny we go boilerplate of all the bad things that could happen to a business and so you I suspect you’re not inventing this way from scratch every. Scot: [38:57] Yeah what you do is you look here, so you go out there and you look at all the other risk factors every public company update some annually typically when they do so you have to accuse and then your cat when they do their K they will update the risk factors so I’m sure I’m sure you know what the lawyers did is they went out they looked at all the public retailers and they kind of whittled it down to the most Salient ones her for 2. Jason: [39:19] I’m talking like the population could catch SARS and not go outside and stuff. Scot: [39:25] Yeah yeah you know how lawyers are they want you to just kind of put everything in there. [39:31] Dep so nothing ever comes out of the risk section I can definitely play that easy to add stuff nothing ever comes out. So just some highlights there in just a refresher so so chewy sells obviously pet in the pet category they were acquired by PetSmart in Q2 of 2017 so it was actually kind of a spin out that way and they were founded back in 2011 in the second quarter. [39:58] It was impressive to me was the scale so so chewy is now a 3.5 billion annual revenue company, that was a 2018 Revenue compared to 2.1 billion in 2017 so that’s a 67% year-over-year growth rate, which is pretty impressive now the losses were pretty sizable so I filled it this thing called adjusted ebitda they lost 268 million on that three and a half billion, I’m set that equates to kind of a minus 6.5% margin so snarky folks would say sure anyone could build a business with this going that fast if it’s losing money but the way you think about this, you know this business is trying to get into a very high orbit and when you try to get more of it you have to burn some some people to get there since essentially what they’re doing and if I think if you looked at other companies you don’t like as a post or you know any of these other kind of companies that I’ve got to the scale I think they’ve actually done it in a pretty efficient way. What do you peel the onion on a wire that is another aspect I will also point out is. [41:05] Justin Bieber dies in Oxford or tend not to look at that because you don’t have a lot of control over it there’s all these County roles you can’t control, right so a lot of the stuff that comes out you run your business you think you’re doing a great job is in your adjusted ebitda got worse on there so why would sound of your control so what most companies do as they look at free cash flow which is as an operator while you have more control over and I can’t I can’t control what you’re going to do to my Revenue when it runs in the counting rule that I can control you’re selling more and spending less so there are actually free cash flow was -57 Million so I would argue with a 3.5 billion top-line you’re effectively, cash or break even. Is that that’s a good indicator that that you know this is a really well-run business and those lines that I would imagine unless they accelerate further at that same growth rate they would be free cash flow positive so why is that what was kinda secret while they were the things I love about this management discussion is you get kind of inside the head of the operators and they spend a lot of time in there. [42:07] Talking about subscription spend their version of that is auto-ship so 65.7% of their revenue is on auto-ship which is amazing you may know better than I do what the typical industry averages but I think most retailers that have a subscribe function and it’s probably like in the 10 to 20% range but of course obviously not stitch fix or something like that the whole model I think it’s really impressive for a general merchandise kind of retailer in the category to have so much on auto-ship, they have 10585 active customers another thing will try to put the show notices. A lot of these as ones do really interesting job looking at Kotor analysis so get as an operator I like to look at this because I like to kind of think about how I think about my business and compared to how they think about their business Uber and Lyft had really interesting examples of this. [42:58] What things they show is in their cohort analysis is they’ve been able to take the average sales per customer from 2016 at about $297 today at $334 so it’s nice about that is in addition to acquiring new customers in there, kind of increase the sales from existing customers more than 20% Which is pretty impressive a lot of times that goes down over time so they’ve done a really good job of. Building loyalty from a wallet standpoint and part of it probably is related to this auto-ship program. Jason: [43:35] To me it’s it’s the interesting thing here is they they were acquired a couple years ago by brick-and-mortar retailers and now that retailers spinning them off again as a separate public company in it it seems obvious. There really an outlier in terms of how well they’re performing as a pure play e-commerce site in many ways by, the profitable are not very few. Play companies have gone to that two to three billion dollars in Revenue in almost all Pure Play retailers struggle with the repeat purchases and so, repeat purchases and such a valuable spent per customer and have so much of that locked in Via Auto replenishment. Is terrific, oh, because they’re still not making a lot of money I feel like they’re they’re not getting a lot of credit for all those good things so I’m assuming they’re going public because they feel like. The the stock market will better reward them for their scale even if they haven’t achieved profitability. Scot: [44:35] Yeah could be of value unlock play it could also be you know I don’t think integrated the websites did they so so he’ll be really weird if I’m running petsmart.com I’m probably I’m going to go out on a limb and guess I’m getting my butt kicked by chewy I I can’t imagine that is growing 67% and that 3.5 billion dollars may have seemed like a good idea and then they may actually be good kind of moved to an arm’s length relationship. Spend it out I’m kind of thing that could be part of it as well. Jason: [45:08] So that’s going to be interesting to watch we’re coming up on time but there were a couple of interesting grocery tidbits I wanted to at least. Briefly acknowledged there was an interesting partnership that was announced this week between Lidl and boxed and is a reminder for our listeners Lidl is a highly successful German grocer that’s really focused on low high quality with low cost of goods and they they famously tried to enter the US market a couple years ago and, your your hometown is one of their initial markets, and they weren’t super successful so they kind of slowed down retooled and now they’re getting ready for a second big push in the US, wheedle in a very similar company them all the historically they really focused on No Frills, barebones price in so they therefore completely ignore digital so one of the interesting things to me is as we don’t rely on Chaz in the US they’ve done this interesting partnership with, text in there they’re essentially renting, the Fulfillment of hardware and software the Box built for their own business to do. What to use for grocery fulfillment as part of a digital offering so I’m excited to see, what sort of digital experience Weedle is going to offer when they they relaunch here in the US and it’s going to be fueled by box. Scot: [46:35] Shelby Nursing I get smart on the box side to have differentiated Revenue so they can sell direct to Consumers and also be a technology provider into the grocery. Jason: [46:45] Yeah I was disappointed digital didn’t play any part in their initial launch so I’m pleased to see that they’ve seen the air in their ways there, Kroger announced a new investment arm to invest in these, direct-to-consumer cpg brands that they’re launching into it we talked before. Maybe the most successful venue for launching new branches is inside of a retail store instead of seems like Kroger’s way of getting unlocking some extra value for helping some of these Brands become successful, and then a funny when I saw is Bed Bath & Beyond just launched a new commercial. Which is intended to be humorous. Sort of that commercial where they’re explaining brick-and-mortar shopping to a millennial. Scot: [47:40] Yes it is only a couple is kind of like sitting in bed online shopping and then they’re like trying to encourage them to come to a store so so I thought it was quite interesting to me is somebody like some kind of sign of the apocalypse and realizing that it is nigh in a pond. Jason: [47:54] Yeah I feel I feel like there’s some infection point we used to have the funny commercials where these well-established brick-and-mortar Brands were trying to convince people to buy online so you know, it was the ice shipped my pants campaigns and things like that in the in the early days of e-commerce and now the fact that we’re having to do funny commercials to remind people you can still go to a store and buy something, definitely definitely said something about where we are. And that’s probably why you’re all listening to the show and therefore it’s not going to surprise you that it’s happened again we’ve run out of our, a lot of time so if there’s something you had a question about a want to continue the dialogue we’d encourage you to hit us up on Twitter or jump on her Facebook page and as always if you got bad you out of this episode we sure would appreciate it if you had. 30 seconds jump over to iTunes and give us that five star review we desperately crave. Scot: [48:44] Thanks everyone we appreciate your five star reviews and we will be back next week. Jason: [48:49] And until then happy commercing.
What is a weedle? How cute is it? And why is it important?
One word: MURDERSQUISH. Wait, is that two words? Doesn't matter, because Beedrill MURDERSQUISHED them together. Follow us on Twitter! @PokemonPod @gracerempp @nathanaelsass thepodcastmonsters@gmail.com
Balloo and Darling are back to discuss the Caterpie, Weedle, and Pidgey families. From discussions about avian coifs, to just how big the pokedex says these creepy crawlies are, and a special twist to this week's Mon Appetite, it's Mon Men! From the show, link to wikipedia's entry for Argentavis Magnificens: https://en.wikipedia.org/wiki/Argentavis
Pop goes the Weedle! In this episode Brandon and Collin discuss the first entirely sphere-based pokemon! Along the way, Brandon banishes Collin for committing a cardinal sin, Weedle gets an inspiring half-time speech, and the routes where you can and CAN'T find Weedle are thoroughly analyzed. *WHAT IS ONIX HIDING?*
The Deep Impact to Butterfree's Armageddon, it's Beedril! Obviously we also discuss the great and powerful Weedle and the ominous as anything Kakuna. Yes, I'm aware this is very early but it turns out I need to pay for a pro account if I want to schedule episodes and I have a day job. Take your podcast early and be grateful!
Everyone wants to be the very best, like no one ever was. If you're old enough or nerdy enough to know that that's from the original Pokemon theme song, welcome. You've found your tribe! Come back with us to Pallet Town where this whole mess started when Ash Ketchum met up with Pikachu. Christopher and AJ remember back to their own Poke-Origins, including their first Gameboys, their starting Pokemon and how many dates they missed out on because they brought their nerd badges to school. Who needs sports? Follow us on all the Social Media Things! We're @outofmemorypod pretty much everywhere And if you have questions, comments, corrections or need a pen pal, you can email us: outofmemorypod@gmail.com Reference Links Regular animals WERE in Pokemon:(Christopher was right) https://bulbapedia.bulbagarden.net/wiki/Animals_in_the_Pok%C3%A9mon_world Here's the fascinating, animated story of Satoshi Tajiri: https://www.youtube.com/watch?v=h1tOsta5z5Q
EP089 - Amazon acquires Whole Foods Hot Take Amazon agreed to spend $13.7 billion to buy the grocery store chain Whole Foods Market Inc., which has more than 450 stores. The grocery category is a $795B opportunity in the US that has largely been untouched by digital. Terms of the deal Wall Street reaction Impact on the grocery category Winners and Losers Amazon-Scape that Scot mentions on the show Amazon Deep Dive EP24 Podcast Don't forget to like our facebook page, and if you enjoyed this episode please write us a review on itunes. Episode 89 of the Jason & Scot show was recorded on Friday, June 16, 2017. http://jasonandscot.com Join your hosts Jason "Retailgeek" Goldberg, SVP Commerce & Content at Razorfish, and Scot Wingo, Founder and Executive Chairman of Channel Advisor as they discuss the latest news and trends in the world of e-commerce and digital shopper marketing. New beta feature - Amazon Automated Transcription of the show: Transcript Jason: [0:25] Welcome to the Jason and Scott show this is episode 89 being recorded on Friday June 16th 2017 I'm your host Jason retailgeek Goldberg and as usual I'm here with your co-host Scot Wingo. Scot: [0:39] Hey Jason welcome back Jason Scott show listeners tonight we are disrupting our usual weekly schedule for a new. [0:47] A schedule format that we call a hot take this is going to be an episode where we really go deep on one big news item. [1:11] Unless you're sleeping on a rock that big news item today is Amazon's 13.7 billion dollar acquisition of Whole Foods Jason what do you think pretty crazy day in the world of the e-commerce and Grocery on. Jason: [1:25] It it was it was totally inconsiderate I woke up this morning with a full agenda of things I had to do and this completely disrupted it. Scot: [1:33] Cool so let's kick it off at I'm really curious to hear your thoughts you and I haven't had a chance to talk about it so this is definitely a hot take let me kick it off with a little bit of. Data so the deal was at $42 a share it was announced this morning before the Market opens so that's a 27% premium to the the share price from yesterday. As I mentioned at the top of the show 13.7 billion dollar valuation. [1:59] So Whole Foods has 460 stores they are mostly in the US they do have some stores in other countries, 87000 team members I think the last number I saw I had Amazon at 3:40 340,000 so this puts Amazon well over 400,000 employees, another little nuances there's a 400 million dollar breakup fee and what's interesting about that is the way these deals work is you know they. You you got there you submit a bid you work with a board the board except said but as a public company they have to accept bids from other folks. And a deal of this size has to go through quite a bit of shareholder and Regulatory governmental kind of approvals so. The breakup fee kind of indicates that Amazon felt like there was some risk that there could be a competitor competitive bid and then the market reacted also. Closing at 4286 today so some hedge fund manager out there is willing to pay a little bit more than the $42 a share as kind of a bit of a hedge to see if another bitter comes in so. Now that the kids this could be the start of the drama so I have to kind of see using things happen pretty quickly and within the first 15 to 30 days so. I know relatively quickly if there's going to be another bit or not so that'll be interesting so Jason. Jason: [3:18] What does that is that for a million breakup feet is that in some sort of like a poison pill that makes it less appealing for someone else cuz they would lose the former million value of what they just acquired. Scot: [3:28] Yes so that just means that it has to be 13.7 + .4 so 14.1 so they would have to. Go to have to cover that and it just means that you know it can't be 13.7 one. Really so it's Amazon Amazon's argument on that would be this is how much money were investing in this and the Damage that would cause if you chose another bid so yeah. I don't think it was 5 billion it would be insurmountable but I think it's small enough that it is not really a poison pill. [4:03] Yeah so I'm really curious what your your high-level thoughts are on this since you're kind of real close to the grocery world. Jason: [4:11] Yeah what should I think. Thematically this makes a lot of sense we've talked a lot on the show lately about the grocery business and in my opinion at least that, did the the mass market for grocery is buying line pick up in store or order online pickup in-store in the. That requires you to have shorts and so you know a lot of the traditional retailers with would say hey this is one area where we potentially have a competitive advantage over Amazon, you know they've been in the space for 10 years they haven't captured a lot of market share they don't have a really strong brand for fresh and they don't have any of these stores for pickup in-store so then you know couple months ago we talked about Amazon opening in the, the Amazon fresh pickup location which was their first pilot of a online pickup in-store experience, you know back then we said and if this works if this proves out to be the right model for grocery pretty pretty likely that Amazon will scale and scale at will either, mean by someone that has a lot of stores or open a lot of stores and so you know. Fast forward not very long I think less less time than any of us suspected and Amazon bought 460 stores. To give them great buying like pickup in store locations that overlap there their existing Prime Membership very well and, really bolster their their creds in the fresh-faced and it turns out in in grocery what really drives your selection of the vendor very often is the quality of the perceived quality of the the fresh stuff in the produce and so so like on all the scores at this seems like a. [5:47] A very logical move for Amazon. Scot: [5:52] Cool see you think so the prime pick up hasn't been open long enough to really have much data I don't think so so it's not entirely clear that. That's winner and now they're putting their pedal to metal there may have been something more even opportunistic because Whole Foods had an activist kind of in their rattling some swords their valuation of been down a lot of folks shareholders had one of them to seek a strategic, buyers and they've been struggling because they kind of invented organic category and now every other grocery store has organic, it may not be true organic I don't know the whole Nuance of that but the other perception is out there that now Whole Foods is kind of out there alone with just organic and they're super expensive, so it goes more opportunistic or do you think Amazon sees something with one of these tests they have going on that says scale now. Jason: [6:47] Yeah it will no I think you're certainly right that they haven't had time to collect enough data to have those tests like influence this but like clearly they could have already made the decision that that buy online pickup in-store, is going to be a mainstream delivery model for for grocery and into your point like there's a lot of opportunistic elements here in one, we haven't discussed yet is you know Whole Foods was a little distressed which which presumably affects the price but there's, a lot of new headwinds coming into the grocery space that we're not going to be favorable to Whole Foods so one of the most feared grocers on the planet is this German company called the Lidl, and then they literally just Grand open their first crop of stores on the East Coast this week they plan to have 600 stores in the US, what their model is is super low prices very No Frills on the service but very high quality organic produce so it's, give you that that great quality fresh mostly through private label and and locally-sourced stuff, add an extremely low price and then a lot of markets they've been able to get way below the traditional price leader in so, that's a scary entrance to the US market internationally those guys compete with another German company Aldi quite a bit all the RT has a footprint in the US and they announced last month that they're going to invest. Another I think four billion dollars in the US to dramatically expand their footprint so if you had Whole Foods that was already in a rough spot. [8:19] You got all of these two scary new entrance Aldi and Lidl coming in into the market you have Amazon saying shoot we need a footprint of stores we need more credibility in fresh, to release kale Grocery and you know groceries the biggest. Consumer retail segment that that you know hasn't really been dramatically impacted by digital yet so I feel like it was just sort of a perfect storm of, there was a good acquisition Target that had a lot of reasons to sell an Amazon had some strategic reasons to buy. Scot: [8:52] Cool and then one of those guys owns Trader Joe's right so is it Aldi don't they already own Trader Joe's. Jason: [8:59] I think that's a hold is who you're thinking of. Scot: [9:01] Yeah this whole grocery space everyone owns every other one I most like will what about Food Lion and then it's part of a conglomerate that the kind of rolls up. Jason: [9:10] That absolutely there's a lot of like there's these all were independent little Regional Grocers then and there been already been a lot of consolidation so that you know Kroger is the largest. The stand-alone grocery retail in us that you know they're the result of the ton of of consolidation and then Albertsons Safeway is the second biggest and there they own a bunch of the Regionals including some of the ones you just mentioned and. You know it just goes down from there although there aren't there still is a long tail there still are a lot of small Regional grocery stores that may be only five or six stores in the market. Scot: [9:44] Tell me one of the things I always look to is it's on the Wall Street reports that are out there a lot of them have covered some of the math weave walkthrough, one of the ones that was interesting was that you point it out it's the largest acquisition Amazon history so that's kind of interesting and the question was just this this is me we have a new. Your new world order here is are we going to see some more really big swings kind of a thing that's interesting to think through another one. So Cowan was pretty aggressive and by their math this makes them the number 5 retailer, set for grocery and they did all the math of taking grocery out of Costco and that kind of thing and then they projected Amazon could be in the top three by 2021, and I looked at that that would have to be pretty crazy gross I'm see if I will spreadsheet here I think that got them up till like 80 billion to get the number 3 based on the my back in the boat math. Does this drive with your your kind of understanding of the grocery market. Jason: [10:50] Yeah although like I do think that there's a there's like retail there's a bunch of different definitions of grocery and so like I think there's a couple different size of Market figures out there but but the direction I think that toy makes sense. Scot: [11:06] Cops in woods, what do you think about integration so so let's say you are you know you're Jeff Bezos congratulations you're you're extremely rich and you now own you're going to own Whole Foods what what's your integration plan like at where you take this thing. Jason: [11:24] I think you're going to give away a fire phone with every purchase. Scot: [11:28] Something damn you just left I can have to spend them back up. Jason: [11:31] Got you and maybe a Washington Post subscription. Scot: [11:35] Oh yeah you definitely. Jason: [11:36] No I mean like the real answer is who knows like you know superficially. [11:44] You'd eat a Whole Foods was not very digital you you couldn't order online you know that in fact they Outsource most of their digital Miss to. Our friends at instacart that I'm sure we'll talk about on on this episode and so suddenly you know if your jet pays us the main thing you're going to do is. To help help Whole Foods catch up digitally you may integrate ordering into the the Amazon Fresh order portal or you might create your own portal for Amazon for. [12:14] Foods you're going to. Definitely you know figure out a way to Market that ordering online to your 250,000,000 Amazon members and your you're sixty or seventy million Prime members and all this or two things that maybe even try to offer some prime incentive for shopping at Whole Foods. And you know just really use Amazon scale to sort of fixed some of Whole Foods eels. I feel like it step 1 and then longer-term you know. That's 460 distribution centers that like are in that last mile delivery Zone to a lot of Amazon's most valuable customers so do you start figuring out how to. How to turn Whole Foods into a mini Amazon Prime now Depot of some kind and and use it for distribution for more products do ya. You know start except for the first time accepting, returns from online purchases in a physical presence and you know some of those things right like so they're about to places that can play out there's a lots of potential synergies in the Echo System that you can imagine, that that Amazon could have leverage to make you know all these parts more sticky but like you know I suspect like part of the value prop to to Amazon has to be, that the Whole Foods was sort of a flat ass at and that Amazon has the the unique skills to help resolve that fly and so they they can buy it for the discounted price and then you know turn it into a more valuable asset. Scot: [13:40] How about just kind of blocking and tackling in grocery do you think Amazon can go in there and I certainly not their mindset to be the high price kind of, differentiator for sure and category so you would they go in there and and lower prices so for like Zappos I could argue while they didn't redo that was Apple's Apple still doesn't like the cheapest place to buy shoes so you know. But at the same time I think Amazon probably lies this you can't win grocery bye bye being relatively expensive so curious what you think about that. Jason: [14:13] Yeah I do think that both from Amazon's value proposition and and you know the the typical flywheel that they usually like to, to execute is going to require lower prices that pull more people in that store and then the external pressure that we talked about earlier with you don't Walmart significantly investing and pricing Grocery and all the doubling down and and wheedle entering the market like I don't think, Amazon strategies going to be to sit tight as the premium offering and you know frankly. We've all seen that sitting sitting at the premium price point just just hasn't worked for Whole Foods. Scot: [14:51] Yep what do legal in Aldi do around buy online pickup and delivery today is that an area of innovation for them or it's more just like the the super low prices. Jason: [15:00] So we don't know about Weedle in the US yet like they they 10 offer that in markets where it's heavily adopted so I cuive talk a lot about the UK that being on much more common tomorrow Nolan just turn mine listeners, about 1% of grocery sales in the u.s. is online that 6% in the UK is online and it's mostly click and collect. So they do offer a click & collect in the UK for example all the has not offered really any digital experience in the u.s. today so. You know. It will be interesting to see art like are they looking to be a fast second mover and is the consumers adopt that model they'll jump on it like they did in some of the foreign markets. Will the threat of Amazon cause you know all of these retailers to come to accelerate their digital plans like you know I think that's. Going to be one of the fun things to watch and I should mention the while we've been talking the the Jason Scott show in terms of frantically been trying to get my attention and point out that as usual Scott was right Jason was wrong in. Trader Joe's is owned by all these parent company. Scot: [16:05] Stop stop happen again. [16:12] So one one thing that's interesting is in for listeners that haven't listened every episode first of all shame on you and II of also Prime now is in 46 markets I think last time maybe a couple more they've opened up some International and still it was caught 46 248, and the way they do those deliveries is Amazon has their own Uber like. Driver system called Flex so you know one of the things that it's interesting I know you're a big fan of the Click and Clack model but it seems to me they could scale that up pretty quickly I I've heard that there is. A lot of the demand from drivers cuz it pays orders of magnitude more than an Uber kind of a thing just got better than City and you're you're bringing groceries around and not people and and evidently. People tip better for whatever reason I guess they appreciate groceries more than people so you know it seems to me one thing that could do pretty quickly is have Whole Foods have a better delivery kind of experience where there's no. Charge or it's part of a prime offering would you don't you do you think that's likely or you just start convinced that's kind of. The best way to solve the grocery problem. Jason: [17:21] No I think it's very likely and there's a segment of Shoppers that want that right like both from a geographic Stan, point and from an economic standpoint I just don't think that that segment of Shoppers is the mass market so for sure, Whole Foods in a Musa a reasonable amount of volume in home delivery through their instacart partnership it's it just wouldn't be profitable if the VC's weren't paying instacart to deliver those groceries right inside of certainly. Amazon will be in a much better position to take that over and scale it and add some operational efficiencies there and so I suspect we will see, both better click and collect experiences and better home delivery for you know the customers that want that and and you don't can be home at the right times to accept the deliveries. Scot: [18:09] Cool what when area I kind of read some things about was. In an area that's near and dear to your heart is payments and you know one of the Welsh you guys pointed out that one of the areas that gets the highest complaints about the the Whole Foods experience is waiting in line at the checkout, see the Gammas on could apply some of their payment kind of methodology and then another the first thing I thought about was the ghost or at I know that's not really ready for prime time but, you know there's got to be a lot of automation at the checkout there do you know if you were going to do that Amazon's assets what would you do to speed up that checkout experience. Jason: [18:44] That one of the first things you could do is they could do a Starbucks style digital wallet they've got you know payment information stored for 240 million Americans, it's so they could make it super low friction to use that storage in for me that's that stored information. By showing a barcode on the Amazon mobile app as you go through the cashier and that as they do in the Amazon bookstore for example. So adding that digital wallet that that links to the payment information you already have them fight with Amazon would be a super easy step. The the Go stuff like obviously this is a place where they could ultimately leverage it or deploy it but your point you know I think it's a ways away and I think. That the traditional Whole Foods layout is not going to wind it is not going to be the easiest environment to deploy Amazon go in so I don't think that's something we'll see you in the. [19:40] In the early days but I could certainly imagine that grocery shopping is a whole new reason to have the Amazon app on your your phone and to Leverage. Mobile payments maybe as part of getting you know. Some some from them benefit for checking out right like it essentially Amazon is the world's greatest customer Affinity program and they could bring that to Whole Foods now. Scot: [20:03] Yeah and I haven't had a chance to talk about on the show but they are released this new payment system called Prime reload. That that's pretty nursing so the way that works is minor standing is there they're trying to get people to use Bank transfers instead of credit cards credit cards have a 2% fee Bank transfers are, are very very inexpensive for merchants so the the way it would work is almost like a Starbucks card where do you load a tax dollars on to it at a time draw it down and then you get 2% cash back because Amazon's no longer you know having to fund that credit card transaction, that seems pretty you know applying that to grocery is pretty exciting I've never seen our true percent back kind of program like that and grocery do you think that would be a natural one to kind of play out here. Jason: [20:48] It absolutely could it's interesting like you know we've all been surprised. That is taken Amazon that long in this particular case cuz that's a huge savings for them again all these customers have that stuff store they have a high level of trust with a customer like all the normal impediments that you would think we keep you from. From aggressively shifting customers to to those electronic fund transfers instead of the credit card interchange transfers. It's surprising it's that it's taken Amazon that long so so certainly now that they've done it you can expect them to leverage it in these doors one when nuance. Our friends at the credit card company that are pretty clever and they usually build into their terms of service that have you want to accept their cards you have to promise to give their cards equal weight and equal billing with all other payment methods and so. Like very often it's against, it is is potentially against the terms of service agreement you have with Visa or Amex to offer electronic funds transfers for 2% less, and that's why most retailers don't do that but you can imagine that Amazon at this point has enough volume that they have the leverage in their negotiation and you know it may be that we had to wait this long for the future and Amazon because, it took this long for them to negotiate new new terms and conditions with a credit card companies that allow them to do this. Scot: [22:11] I always heard you couldn't explicitly charge more for credit cards and but I thought maybe they were being sneaky by charging last bit sounds like you think that. Jason: [22:19] So there's consumer protections about charging more right into that can literally be a criminal offence but the, the charging less is is certainly not illegal but again the you know Visa you know knows that you need to accept Visa in so they can say, hey as part of your agreement for accepting Visa you have to promise not to make these other vehicles cheaper. Scot: [22:42] Cool another area that kind of popped my mind when this was announced this because I did that Amazon scaper I took all their brands and put them onto one. One chart. Your folks are listening in her haven't seen that yet it said Billy Billy Amazon skateball one word and it's funny I set down to do that and then I just like started working on. I thought okay I'll have to have an area for all their retail offering so I'll Prime now and all that on there and then. You know this that the other and that's like I'll do the private label stuff now and I thought okay obviously have Amazon Basics and then as I started to kind of go through all the times that I. Founding Father folks talking about different. Private labels there's like 50 private labels at Amazon and a lot of the newest ones are in this kind of grocery category you have wickedly Prime some of them are prime exclusive some aren't. You could talk about Mama Bear and then another interesting thing I didn't know about Whole Foods I'm not a huge Whole Foods Shopper they have a very large private label called everyday 6365, so so another really interesting thing here is Amazon has to pass here they can put their private label stuff into Whole Foods and then they could also. But the everyday. 365 for sale on Amazon and Prime now and fresh and where were all these different mechanisms using private label factored into this at all. Jason: [24:09] I do I think you nailed it like there's a bunch of synergies what will be interesting there is, will the brands get equal-weight like like so the the whole food brands have, probably better consumer recognition today and you mentioned Eglin 365 everyday but there's also this like whole trade and engine to a number of these brands that whole food Shoppers are familiar with will be super, easy to imagine seeing those on Amazon the bigger question is brands that are brand new to Amazon that Amazon's just investing in like happy belly right for nuts and almonds do they keep investing in that or do they you know. Or is there an overlapping 365 degree at the n65 everyday nut pack and they they just adopt the, the whole food one or you know do they take 365 brand and use it for all the Amazon food like they're there lots of permissions I can play out it's going to be interesting to watch but, I would definitely imagine that that private label was another valued aspect of the Steal. Scot: [25:11] Yeah then come expanding from private label out of ring know Amazon has had a lot of, water brands just in general but I'm sure in the cpg category that don't want to sell their one of the most popular or the most. Popular ones we heard about his Honest Company and I would just just out Jessica Alba's company wouldn't sell on Amazon so then Amazon created their own diaper line and some his other things some of that worked Amazon elements in some of the Denton but Amazon seems really want that kind of product, imagine that this gives Amazon just another kind of hammer to say to brands well you know we're going to kick you out a Whole Foods unless you sell your whole assortment at all the Amazon offerings so so there's also kind of an interesting selection angle there do you think that's going to happen. Jason: [25:58] Very well could and don't forget Whole Foods is an incubator for a lot of those socially-conscious products oh. You know that they have a model where like individual entrepreneurs can pitch Whole Foods and Whole Foods might put you in one store or one market and you know if it does well there you could eventually expand to, to their National footprint in so they have this great system for onboarding those Brands like really early in their life and now you know it just. The. The final win isn't getting in the 460 Whole Food stores it potentially is you know getting on the Amazon platform and and reaching turning 40 million customers so. So I absolutely think that that that Amazon will use the Whole Foods leverage with some of these brands. You know to get more of the more the brands they want info in front of more of the customers they want there's also an interesting one one of the most successful private labels out there is the Costco brand Kirkland Anna a fun fact, Amazon sells more Kirkland online then Costco does. [27:06] So they're the biggest distributor the third largest retailer was Jet and after the Walmart jet acquisition jet is actually phasing-out Kirkland off the site and so. Now really interesting thing and you know this is highly speculative but. Could Amazon double down on the Kirkland relationship like could they ever have smaller packs of the Kirkland products in Arnhem propria for club and start selling through Whole Foods. Scot: [27:37] Who who initiated that stoppage at Walmart was at Costco or Walmart who said no mas. Jason: [27:45] Minor standing is that it was that it's a Walmart decision to buy Walmart I assume that's Mark Laurie but but to phase out cuz obviously Sam's. Gladden and Costco are direct competitors. [27:59] Now course is you know Jets also a Marketplace so I'm sure there's still going to be 3p sellers of that stuff. Scot: [28:06] Yeah II. Two kind of specular things about that position I wanted it seems kind of silly to me but I just want to bounce Matthew one was will surely they'll close the stores and just convert him into fulfillment centers that doesn't make sense to me because, you know these stores are chosen to be in high traffic retail areas that's not where you would both of them the sooner that you can ommix don't work. So this was like some of the folks saying this for like clearly you know it. It wouldn't even have like pick up there just be a fulfillment that seems kind of silly to me into the second one was some way to leverage the third party system in Amazon and liquid doesn't make sense in that world is. Yeah the pricing the stuff of filming is really really hard with a physical footprint of the 3p model doesn't really work and physical. So that down didn't really resonate with me either maybe there's some things like with some certain. Yeah maybe like some Farm kind of stuff could be almost like 3p also what I'm more of a commission kind of a thing to help with margins or something but I don't know that down didn't make a ton of sense for me either how do you feel. Jason: [29:12] So there and I don't know Whole Foods does much of this but there is a sort of the analogous thing in Martin to 3p would be sort of consignment sales in, In-N-Out breaking water into their you know there are some grocery that would, try a product on consignment but I don't see that as a big play if they were going to be a big three pleat 3p play it would be some kind of in whistle experience in Whole Foods right like so if you're, shopping the vitamin assortment at Whole Foods and they don't have what you want like. That you know there's a kiosk in there and you know could that now have the entire. Assortment of Amazon and including all the 3p Sellers and you know could be there be some incentive to ship that that product to the store that's better than shipping it to home who knows right. [29:58] But you can see it you can imagine a play like that potentially coming in for sure agree with you there's no way they just bought these two for the real estate to convert to fulfillment centers I think the smarter people are talking about, could it be a store and NFC not could it be exclusively NFC. Scot: [30:14] Yeah even then I mean the Whole Foods I've been in there too pretty jam-packed of people and product it's hard to kind of see him cut enough cutting out much so that for fulfillment center but we'll have to see. Jason: [30:25] No the only way that that works is if there are categories and whole foods that are losers in the Amazon decides to get out of. Scot: [30:31] Yeah definition so. If you projectus forward do you think that Colin is right and we're going to see Amazon kind as a top three grocery player in like in and let's start to kind of move the chess board around what. What happens to SAS mean does Walmart take a run at this does Walmart do anything differently it seems like they've kind of place their Bets with the jet acquisition and and Lori and and some things are doing their densities traditional Grocers react United know you've talked on the show about cougars actually, pretty Innovative and thinking about some different formats and things would tell us going to what you think the three-year chessboard looks like on this. Jason: [31:15] Yeah so I think this is a giant new piece of pressure on that market that's going to fragment, the traditional grocery market right in there will be a few survivors like hard to imagine grocery is a winner-take-all thing where there's one one National provider, but you know they're going to be a few survivors and it's again that long tail of grocery rain that we have right now is likely to go away as all those small players aren't able to compete and so, the young we do projections in the show all the time so I'll throw out some silly ones. I think Walmart is making big bets in the space and is likely to be one of the winners I certainly think Amazon is one of the big three and then the big question about who the turtle in is is, if it's the big and comment that's able to survive and hang on and that would be Kroger or if it's one of these new market entrance that's like all the yearly told it that that takes that third spot, but I would definitely say net net this this was a really bad day at Kroger this was a really bad day at Target you know those guys were already buckling down the hatches cuz they you know they had all this grocery competition coming in the market and you know the last thing you needed is, the world's most disruptive retailer you know dropping dropping 13 billion dollars in your category. Scot: [32:44] Yeah that's a good Segway into kind of the next segment that I call who wins and who loses so if we think about the winners I think kind of obvious ones or Amazon one today I think their market cap went up much more than what they're paying here so effectively. [32:59] Market cap accretive Whole Foods obviously this is a great win for them they get to keep the brand that get to keep the CEO of therein, this like this by the best outcome for them I think they're another one and all kind of say this now and we'll talk about it a little bit later I think consumers when I think you know they're there hasn't been Innovation grocery. For forever you know we we go to the speech place there's a an IGA there which used to be if I know more and I do like a. Was it starts of the day you have this old timey grocery store you go in there and it's no different than our Kroger or a Food Lion or Harris Teeter or or anything like that so there really hasn't been. Tremendous innovation in this category and I think consumers going to win cuz you're going to have more choice and. Amazon is going to come in and really create amazing customer experiences which is what they're really known for and their lower prices sets I think you know as a prime user I'm excited you know. [33:56] I may actually start going to Whole Foods more if I can check out faster or there's some really compelling reason to get me in there to do more stuff any winners that I didn't say anything. Think about. Jason: [34:08] Yeah I know I do think those are the big Winners I got you know I think there's potentially some secondary winners are some of those brands that suddenly get exposure to a lot more more. [34:22] Potential consumer so some of those those like Whole Food suppliers that could send them now you know. Yeah have a much more prominent president positioning on the Amazon the. [34:37] You know again it'll be interesting to see what they do for delivery there you know could be some some winners there in terms of better delivery options and you know I think that's going to be a pretty. Easy Segway to who the losers are right. Scot: [34:51] Yeah and I almost said suppliers but then kind of some of the things I've read kind of say that those suppliers have had a really easy whole time with all foods that they don't really put pressure on them at all and I think those days are over so so they, it may be let's put them on the fence so and I think they win with more distribution but I think they're going to lose with getting kind of the the cram down here that they've avoided for probably 10 years. Jason: [35:17] Yeah although I would argue sometimes those forced to sturdy measures aren't fun and don't feel good but they're not necessarily bad for you. Scot: [35:25] I'm sure we asked the brand that would disagree with you. [35:29] I sold create a third category winners losers and kind of on the fence and put the suppliers in there, let's go to the losers so yeah you hinted about it earlier Whole Foods had a relationship with instacart and, I know that they were an investor in instacart and I don't know if this is rolled out at every store but I think it was it was pretty close and you know, all the dish been in the data out there about the scale of this but instacart was the delivery partner and I can't really see him as on keeping that at all because they already have this Flex thing Amazon likes to vertically in a great whenever they can so it feels like instacart is you know, Banda on the short block for getting kicked out of that it is that you agree and in do you have any more information on that program. Jason: [36:17] Yeah I don't have any more information instacart wasn't in every Whole Foods in and their relationship with slightly different in different markets the level of integration that they had with Whole Foods for example I think there's some pilot markets where the. For the integration was very deep the and I think they are certainly a loser, I would almost say that there the amount they lost today is slightly overblown cuz everyone talks about oh man there this 3 billion dollar valuation company that you know suddenly, is going to go away and I guess I would argue that I don't think they had a sustainable business model yesterday right like an. Not creative data path to profitability you know they mainly exist existed to augment capabilities that retailers should have had natively and and you know. Would probably going to have needed we at some point and so I'm not sure if they had a super viable business model other than 2. Keep taking more VC money to subsidize the cost of delivery and so I think you know their problem was true yesterday they just probably have a lot less Runway to discover that that's their problem today. Scot: [37:28] So they're winners in the Jason world short where austerity is good. Can tell you haven't been an option or Jason. Jason: [37:37] I resemble that remark but. Scot: [37:40] You been on the short into one of those new Cycles. Jason: [37:43] Oh I've been on the the business end of Walmart Bender negotiations many times. [37:50] But yeah I think is this definitely going to affect instacart but you know again I don't think instacart was on some path to a Rosy future before this. Scot: [38:03] Glad I noticed you and I were both mentioned talk to about getting a quote to a reporter and were in that and you mentioned Target what is being pretty heavily impacted talk us to your logic there. Jason: [38:16] Yeah what's up there not a traditional grocery store but that was one of their growth strategies right and so big part of their growth strategies these five signature categories and one of those signature categories is called Wellness. And a big part of Wellness was organic organic food and health food and so won't Target who made a major investment in. Upping their presence in that that market like they do have Grocery and they they've tried to use grocery to drive incremental trips and they haven't been super successful and so again they were one of these guys that were like. Shoot we're trying to win on organic fresh when weedles coming into the market that doesn't feel very good and then you know to have. Amazon partner up with with Whole Foods you know really makes it less likely that that. The target is going to win by by having these these Wellness food products in their stores and then you know we're not talking about alone on this show, Walmart also had an acquisition today of bonobos and that you know. That is probably not not favorable to to Target either and so Target just looks like there. They're standing still in a world where there their traditional competitors are all making you know pretty seismic leaps forward and so that that just can't feel very good at Target today. Scot: [39:38] Yeah I didn't know it but one of the Wall Street notes eyes I saw today said Target Outsource some of the Pharma stuff to CVS and their idea was Target should just Outsource this whole grocery kind of experiment to a Kroger or or someone just so you like actively get out of it ASAP you think that's a viable strategy for Target. Jason: [39:59] It is possible like so again if you know grocery is super thin margins anyway and so if you're not built for those margins like you're using it for traffic and you're losing money so if there's someone else that's willing to take that over for you and you still get the benefit of that traffic and you don't have any of the risk of of the losses. You can imagine that that being the case in. In the health case you know Target tried to run their own pharmacies and in weren't super successful so Outsourcing them you know, what was probably not on the world's most favorable terms to Target and you know I suspect that would also be the case if they had to have Source grocery at this point. Scot: [40:38] How many Target stores have groceries do you do tobacco. Jason: [40:42] I do not know. Scot: [40:43] And then you know how big it is for them isn't like 5% temperature 20%. Jason: [40:49] I also don't know that so I will refrain from taking a guess. Scot: [40:54] Ducks about Kroger are they they definitely were a market cap loser today I think you know one interesting thing is if you add up the market cap from the grocery kind of category 40 billion dollars was lost today so so so not only did Amazon ad, you know plus. Stop about 20 billion to their market cap that they took away 40 out of the market so kind of a positive swing for Amazon of 60 billion there and quiver was one of the, biggest losers in this just from one day Wall Street think so but what kind of more should TJ do you think Kroger is in this puts them in a tough spot. With the same kind of logical Aldi Lidl coming in and now you have this other kind of unknown player. Jason: [41:36] Yeah cuz I got that you know they were one of the largest traditional players in the space and that you know there they were. Under Siege from Walmart and ALDI and Lidl and you know you could really look at what all the illegal do and say man there, they're incrementally better than how we've traditionally done it in the US and so they're going to be a formidable competitor but. Amazon is likely going to be an exponential disrupt or not an incremental one, and so that's that's a lot more pressure on Kroger like Kroger certainly has made some strides in the last year 2 in digital and they've rolled out. Quick List which is their version of Quicken correct in like 3 or 4 hundred stores and you know by all accounts it's been wildly successful but those initiatives what really good in a space when no one was making any digital progress and so you you kind of got to look like the most Progressive of the, the traditional players and now suddenly you Dome, you don't want that Progressive and so that that you know that's going to be tough at Kroger that's a formidable new competitor in in the space and they're the incumbent. Scot: [42:47] When I was surprised at for Milwaukee respectables Costco I think last I looked they were down about 10% or so yeah the. I just don't think of them as grocery because you know your. If you think about the layout of that store maybe a quarter of it is grocery but but clearly I must be missing something what what is this cause for them. Jason: [43:11] Yeah so you know that this gets into the definition of grocery right like so what, what percentage of their products are at risk there the least digital company on the planet right like there, executives are still talking about how we don't really want to encourage people to go online because we'd way rather than come to the store and you know there, there you'll be easy to make fun of them were it not for the fact that they're wildly successful. So you know to put things in perspective Walmart's the largest retailer in the US largest retailer in the world woman has 4,000 stores Costco's the second largest retailer in the US they have 727 stores. [43:53] So they're there that you know they're doing well and they have a formula that works well for their their customers. You know they sell products that are now going to be in competition with Whole Foods Amazon Amazon going to make Whole Foods better and that you know that like just has to have some effect on Costco what is interesting. Yo Costco probably does not look at Whole Foods is a direct competitor right like both from from the the products that. Are high velocity in both both stores are very different and the size of the packs are dramatically different as well and so the the Costco assortment looks a lot closer like Costco grocery products with a lot more like. Amazon grocery products in terms of being cost-efficient to ship right like you want to ship the 36 pack of toilet paper not the 4 pack of toilet paper. [44:48] So you know it'll be a little interesting if the combination of Amazon in Whole Foods means that more of those packs are available to more more Whole Foods customers but. But I think. At this point like I don't think this is a game changer for Costco it's just you know another aggressive competitor trying to seek wallet share. Scot: [45:10] Yeah and then the big ones Walmart so in the Amazon deep dive we did pretty early on to remember that was owed on that one. Jason: [45:18] I don't you should have prep me for the show we should have like rehearsal or something. Scot: [45:23] This what happens when I do a hot take so anyway we did this episode called Amazon Deep dive will have put it in the show note so you can find it a little bit easier he was one of our first 10 episodes or so in there we talked about. Jason: [45:38] Episode 24 Amazon Deep dive. Scot: [45:40] Oh yes I remember it so well and one of the things you and I talked a lot about is the fact that when you just look at Amazon. Revenue numbers it's like 160 million for this year as was projected, but inside of there is that third-party DMV which I think you have to kind of unpack, so one of the things I like to do is say if you take Amazon one p and 3p for this year you actually get up to 300 billion dollars and then now we're going to layer in 16, from Whole Foods so you really have a 2017 Amazon that could. [46:16] If this deal goes through it again this kind of enough they won't get the benefit of a whole year but think of run rates Dow BS 316 billion dollar kind of Revenue run rate company. Walmart estimated revenue for this year is 485 so Walmart is still considerably bigger than the. Find energy of Amazon in Whole Foods but number one if you take grocery out. Amazon's already bigger than Walmart in the number to the disparity of the growth rates is about 20%. And the kind of project that out not too far I think it's like two and a half years then with this acquisition Amazon. Could be bigger than Walmart all in including grocery by you know call it 2020.com so that that's. Pretty amazing and that that assumes there's no other big acquisition no what if what if I don't know what else is buyable out there from from that standpoint, it seems like some of these things are almost unbuyable like a Kroger I don't think either Walmart or Amazon could buy that or and it sounds like Trader Joe's and so he's other International ones are so big internationally that they can't be acquired so but even without an acquisition I think the. [47:28] We are going to see Amazon has a shot at being bigger than Walmart by 2020 if my math holds up so is Walmart Loser on this or you know I think it's kind of overblown with what's your take on this. Jason: [47:40] Yeah I think in the short-term like again nobody likes seeing their competitors get better I'm sure Wal-Mart looked at Amazon as as. Like their most significant competitor and so then to see them enter a space that Walmart's enjoyed a lot of success and then Amazon hasn't had a lot of success in. Like that you know that I'm sure nobody's thrilled that that's happening at Walmart I do think they're well-positioned to be one of the survivors so if you if you look at this move in the long run and say oh this is going to force a lot more. Industry consolidation and only the people that are able to adapt an offer good digital experiences to their customers are going to survive and you know only people that able to offer like really good products at really good prices. And with all these good digital touch points are going to survive you know Walmart has the resources to do all those things but remains to be seen whether they will or not. A lot of these other retailers don't and so like well I'm sure in the short run this isn't favorable and you know I think. They made an acquisition today and they probably would have liked a happy new cycle about. I have Progressive they're being in digital and making great progress and buying you know increasingly bigger bigger and more profitable digital companies and I think that that news I got totally obliterated by. By this much bigger acquisition that that Amazon did so you know I'm sure in the short run that that didn't feel good. [49:01] But yeah I think what we are setting up is going to be the Epic retail Battle of our careers which is. You know going to be this this Amazon vs Walmart. Scot: [49:13] Anyone else we've left off the loser list so just a couple of throw out there I saw in the stock Recaps SVU gets mentioned a lot and I guess that's super value but they seem to be, I'm kind of micro cap on this I'm not sure what's going on with those guys. But they were down like 16% and almost feel like something else caused it and then a couple I thought about are some of these pure digital folks that are kind of tangential to this space Blue Apron box, any any thoughts around those guys or any other folks you think her potential losers from this do. Jason: [49:48] Yeah I don't know that those are like I think of anything their acquisition prospects may have just got in a little kiss right like because. Again Amazon is going to do more Progressive things more quickly than the grocery retailers are used to doing and so even in an Amazon doesn't do any Acquisitions and they build all these features out organic. The the other significant retailers are going to need to make Acquisitions to keep Pace with Amazon right and so you could imagine. Amazon launching you know their own meal service and that making Blue Apron look like more of an acquisition Target now you know they're going through a IPO right now so. So you know I don't I don't know how that complicates all that but you could certainly imagine. You know box being a box acquisition being a defensive play to stay in the digital realm in competition with with Amazon with the you know Prime Pantry type type experience. Scot: [50:44] Crinkle one area that I saw that was interesting and I kind of. Talked about of the top the show is there's a couple articles out there saying that this is going to trigger this huge antitrust kind of thing and, it is weird angle they all took was there worried about job is being cut at Whole Foods that's not really any choices about any trust as more about will consumers be harmed and I just don't think yeah sure Amazon's really big but Amazon is like. Not even a player in grocery or. Physical retail if if Aldi Commerce is 10% and Amazon is a third of that 10% and that's being generous if you unpack the DMV most people don't need to do that so maybe they would say 25% of that 10 billion. Microscopic thing and it doesn't feel like there's some Monopoly being built here and even. Even then they'll be like number 5 and groceries so do you think there's antitrust risk your. Jason: [51:40] Yeah well so I should caviar this by saying that every single lawsuit I've been in for antitrust with a doj I've lost. So so so take my opinion with a grain of salt but that that being said I don't think this is an antitrust issue I don't even think they're going to look at it that hard because it is the space is just too wildly fragmented you know. You like from that you know most of the, the buzz and the the disruption in the fear about this is not liked by looking at the numbers and adding them up it's. By Young speculating about the the strength and skill sets of of Amazon being applied to this new category in the more serious way and you know the doj is not going to have an opinion on that they're just going to look at it and say. That just doesn't fundamentally you know a road choice for consumers and you know therefore be bad for consumers. Scot: [52:34] Awesome those were the the big kind of points I wanted to hit on this hot take anything else you wanted an. Jason: [52:40] Well it's you talked about some of the market cap losers I was I took a quick look at it Walmart's market cap and it seems like they're down exactly 13 billion dollars which would have been enough for this acquisition. [52:53] So like here's a crazy question like since people could still bid on this like. Couldn't couldn't form Walmart step into this the the bidding like I don't feel Whole Foods would be near as valuable to Walmart as it as it is to tie Amazon but could they do it as a defensive market cap play or is that all likely to. To settle out and not be. Scot: [53:14] Yeah market cap it doesn't actually give you dollars to spend on something sensible apples and oranges so you know their challenge probably would be. I think they have enough cash I think their challenge would be the creativeness of it you know Walmart is held to a very pristine EPS number and if that changes our goes down that has a much more dramatic impact on their stock than anything, so sorry I almost think that that would be a problem and you know so so I don't know. [53:50] I don't think that would drive it if they want to do it it's going to be up crap we got to kind of get in here and keep this a set from Amazon kind of thinking yeah I think the I think they. I think if they actually won it would actually hurt their stock worse than what you seen because my guess would be they would have to lower their numbers pretty effectively and you know the thing is I don't think Walmart knows how to go. Whole Foods office their playbook doesn't really work in his whole different customer but but you know so I think they're going to have to your list let's pretend they want it they ended up spending. [54:24] 17 billion dollars I think that's going to be diluted and. In the way Walmart get Side by Wall Street. Gets Amplified almost by like a thousand so I think they would actually lose like 60 billion of market cap or something pretty substantial if they had to come out with a pretty deleted Acquisitions or weird way, we were played those board games where you can come like getting a 3-way trap I feel like Walmart may be a little bit of a three-way trap here if they really think through them plication of of. Of this site if you're Amazon you may actually be okay for them to go but by this and spend more and it's kind of like a win-win for Amazon. Jason: [55:01] Very interesting okay well Scott I have enjoyed ripping with you on the exciting news for today. Scot: [55:10] Yeah yeah we appreciate you guys, coming in for the hot take and hope you don't mind a little bit of extra Jason Scott show this week so we will be keeping track of this as it develops at you know where your go-to source for e-commerce news, and this is something we'll be watching very closely. Jason: [55:28] Yep and if you have any thoughts about the news or feedback about the show we'd love to hear from you on Facebook and if you enjoyed the episode feel free to write us a review on iTunes until next time happy commercing.
EP088 - PwC Partners Steven Barr and Byron Carlock Steve Barr (@Steven_J_Barr) is a partner in the Consumer Markets practice at PwC, and sits on the NRF Board of Trustees. Byron Carlock is a partner who leads the Real Estate practice at PwC. We sat down with Steve and Byron to talk about the current state of the US retail market and what the future may look like. In this interview, we discuss, Mallageddon, Omnichannel, Grocery, Mobile, and of course Amazon. PwC Consumer Markets Homepage PwC Real Estate Homepage Don't forget to like our facebook page, and if you enjoyed this episode please write us a review on itunes. Episode 88 of the Jason & Scot show was recorded on Thursday, June 15, 2017. http://jasonandscot.com Join your hosts Jason "Retailgeek" Goldberg, SVP Commerce & Content at SapientRazorfish, and Scot Wingo, Founder and Executive Chairman of ChannelAdvisor as they discuss the latest news and trends in the world of e-commerce and digital shopper marketing. New beta feature - Google Automated Transcription of the show: Transcript Jason: [0:25] Welcome to the Jason and Scott show this episode is being recorded on Thursday June 15th 2017 I'm your host Jason retailgeek Goldberg and as usual I'm here with your Cohoes Scot Wingo. Scot, Steve, And Byron: [0:39] Hey Jason and welcome back Jason is got show listeners, Jason tonight we have two guests on the show that are going to help us better understand some of the retail and real estate dynamics that we've been talking about here in 2017 first we have Steve bar Steve is an over 20 year veteran of pricewaterhousecoopers which I'll call PWC from here on out, where he is focused on the consumer Market Steve is a frequent for contributor on topics around retail Brands and cpg he's also on the Board of Trustees for an RF, we also have Byron Carlock and he is the national partner and real estate practice leader with PWC and Works close to the Steve to understand physical retail Trends and how they impact commercial real estate industry he's been at PWC since 2012 welcome Steve and Byron. [1:28] Thank you John long long time listener first-time caller. Jason: [1:34] We are excited to have you guys on the show and we always like to get things started by giving a listeners a little bit of a perspective about your backgrounds and how you came into your rolls so maybe Steve we can start with you you want to tell us how you got here. Scot, Steve, And Byron: [1:49] Yeah it's good it's really great to be with you so I leave the consumer markets practice at pricewaterhousecoopers which includes our retail practice are consumer packaged Goods practice. And our travel and tours and practice. The practice includes our advisory Consulting business and our traditional audit and tax practice I've spent my entire career focused primarily in the retail and consumer space and like I said I'm glad to be with you tonight. Jason: [2:18] Traffic in Byron. Scot, Steve, And Byron: [2:20] Sure and I'm on Byron Carlock I leave the national real estate practice I came to the firm from industry five years ago. And spent the first half of my career with the Trammell Crow family a prominent real estate family based in Texas with many companies in the various. Real estate categories of office retail multifamily. Hospitality industrial and then I ran three routes for a sponsor before coming to the farm. I also lead the practice across our lines of Services of. Assurance tax and advisory my jobs almost as fun as Steve's but I'm more the dirt guy and so I'm watching our industry go through an interesting metamorphosis especially in the retail category. [3:10] Awesome well as the the dirt guy Byron let me kick it off to you and you know so 2017 is you've been an issue for a while and I've got a majun this is kind of, what is the most brutal years you seen us as relates to Store retail you seen over 5000 stores announced that are closing this year we've had folks on the podcast that say we can get to 10000, and you're in that Plies Mall closures in the 20 to 30% range over the next two years, watch County help us frame it giving your long exposure to the market and in the physical retail side how, what are you seeing out there is it the worst year you ever seen in and any other pontifications would love to hear. [3:51] Sure I'm going to put it in more of an evolutionary disruption time frame because I think it's very interesting to sit back and realize. The 90% of retail sales still happen in brick-and-mortar. And so although e-commerce is the fastest-growing phenomena in retail it's still only 10%. Of the total spend and so what happens in brick and mortar is very important. And certainly worth watching and you're right the store closures are going to be big we can get 7700 somewhere around in there so you're right between 5 and 10000 and the square footage vacated you know in the tens of millions of square feet. But what's interesting for the real estate. [4:36] For the Realtek perspective is on that which is vacated it's an offer it's an opportunity for landlords to rehab and reposition. Answer there's National articles you know this week in the Wall Street Journal talking about. The mall might not have any retailers in it and some of the different uses that that real estate is finding as landlords reposition the real estate. So I'm coming at it from a bit more bullish perspective from the brick-and-mortar perspective in that I think we'll see New Uses even though those vacancies will. [5:16] Eradicate certain retail Concepts week we refer to sometimes as the mediocre in the middle. [5:24] Got it 60 what's your take on kind of where we are from a 30000 foot kind of you. It's interesting one of the things Byron and I chat about frequently is the question of whether were over stored or under demolished in life what I, yeah and what I mean by that is there are some great properties and some great locations. I really just don't have the right retail for for today's consumer. Transformation there is no question and you guys wouldn't have any back on the show if we didn't acknowledge that. There is some significant headwinds for certain retailers but we have a number of our clients and I'll lean with Byron toward some level of optimism because the number of our clients. Or investing in some very unique properties focusing on. Experience and press partnering in ways that might be non-traditional from a historical standpoint but really connect with with today's consumer. Jason: [6:34] Yes what's really interesting you know I feel like I am definitely on your guy side of the fence as a pro brick-and-mortar guy Scott is really the, the digital doom-and-gloom guy on the cough but I think even he concedes that the brick-and-mortar is going to continue to be a really important part of the mix I will say however that, I do start getting nervous cuz you mentioned that average, 10% of sales are online in a lot of segments that are important like particularly in the malls. [7:06] That that percentage is more like 15 or 20% and 15 or 20% feels like an inflection point when it can really disrupt a category. [7:16] Yeah do you think we're going to see some some actual category disruption or do you think it's just going to be the the weakest players in each of those categories that that we see go away. Scot, Steve, And Byron: [7:27] Steve began alluding to it's all about the experience so it's that category. Can create an experience in a reason for someone to be on the showroom in the store and experiencing the product and learning about it then that disruption can be stalled if not why why take the time out of your busy schedule to get. And so the consumer needs a reason to be welcomed into the store and feel as though it's a worthwhile experience. [7:54] Yeah and I guess I would have to serve two thoughts the first would be you know in addition to the numbers you shared we're actually seeing. Many of our clients have their. Or their their direct businesses grow. 20 to 30% in the end in fact as you both know well. Some have even grown in the in the 40 50% range and something that said we called the last two holidays. And you know those have come true so we're seeing there's no question we're seeing the massive shift. The other point I would make and having listened to your show for quite some time I know when I open up the topic of omni-channel. I think there's a lot of people that talk about on the channel and I don't think many retailers are are are doing that well. But I do feel as if the retailers are on a continuous journey of improvement. And some of the retailers are starting to do it well but I continue to be very disappointed with. With many of the store base retailers often my family gets tired of shopping with me because often what I do is I walk into the store. You know what I'm doing, my work thinks and I walk as if I'm just any consumer and trying to feel is it what's what's that experience for me if I've done things like buy online pickup in-store and I continue. [9:30] Be amazed at how many stores make it very inconvenient for, the consumer to really have that buy online pickup in-store experience difficult to find a parking spot, if I have an impulse purchase or a different need there isn't a separate checkout Lanes sometimes it's very hard to find the the, the pickup spot within the store and so we really do need to see the Retailer's transform at the store level, and counterbalance, the convenience that comes with online shopping but like I said I think some are starting to do it well and others, if they don't do it you know I think they're going to add to that list of of dead banners bankruptcies and store closures. Jason: [10:22] Yeah it it is shocking how much bad omni-channel there still is out there I know I have the luxury of living a few blocks from an Amazon bookstore and so I'm a horrible person, but my soda pass time when I have too much free time on my hands is just to try to go return Amazon purchases at the bookstore. Scot, Steve, And Byron: [10:42] Yeah and what's your experience. Jason: [10:44] That they don't accept returns from Amazon it's me just being mean but are there any retailers you think of that you would point to as a sort of shining beacons of really taking advantage of the wrecking water footprint and doing omni-channel well. Scot, Steve, And Byron: [10:59] Yeah I can think of several I don't know if we're allowed to mention particular client names. Excuse me particular company names but yes there are some they're doing extremely well that make sure you feel like you are welcomed into the store almost as a treasured guests because they know your time starved they know you want special service. Play make you feel like your visit was worthwhile. [11:22] No I mean I don't know I mean for example and I'll give you a couple cuz I think sometimes we can think we can speak in terms of examples but you know what Gucci is doing at the upper end this year. Is a game-changer and when you go in the store and you see something you like you better get it because if you don't get it it may not be there tomorrow. Limited production runs with the special embroidery while statements that become interesting accessories to any outfit. [11:52] It's really a fun experience at the designer level. [11:56] Even all the way down to HomeGoods in a perch who you go in and get to see demonstrations in the cooking kitchen or in the luxury bathroom. And you think wow I want to live like that. And so when you see those experiences that make the product come alive it makes your store visitation worthwhile. [12:19] Now if it's a roll of toilet paper. Are bath soap or laundry detergent the commodity stuff is going to be sold on price and convenient. [12:32] An empire in what would I would add to that is you know so often when we talked about how many Channel I think there's a focus of it being. The online transaction store but also we see some retailers doing an extraordinary job of if I'm in store and they don't have the style or size that I'm looking for, several of the leading retailers are able to access their inventory real-time often with a handheld device. Somewhere you know exactly where I'm shopping and in many cases you know make a commitment to me. How to get that old to The Shopper overnight or if you're in a large urban area in many cases on same day and. Bonobos is an example of that is extraordinary I often go into markets. And two tours in a recent Market visit. Explain that I was shopping or just doing the tour and what was staying at a hotel and didn't want to carry bags and they made a commitment to me that. By the time I was back at my hotel room in Times Square that they would have a package waiting for me so I think it's important to think of, omni-channel you know going going both ways but some some are doing it well. But that also means then that some aren't doing it well and what's especially challenging as same-store sales Decline and there's significant deferred maintenance from Information Systems. [14:14] And investment in store associates in others it almost becomes self-fulfilling for those retailers that just don't have the resources to get it done and that's why I think this is going to be a balance of. The winners are going to continue to win and as Byron a said you'll being stuck in the middle or I would say you know being a struggling retailer. Really something transformational is going to happen or we are going to continue to see a decline but I I do believe those clear winners are there there's no question that they're very bullish on, specific real estate in specific markets at very strategic specifically. Jason: [14:56] Yeah I would definitely agree Steve I think is you alluded to a lot of the. [15:01] The most successful omni-channel experiences with Chompers really require excellent. [15:09] In-store inventory accuracy in so if we see a lot of retailers investing right now in New processes and Technologies and systems to get that that inventory much more accurate so they can use it in a lot more customer experiences. [15:24] Another Trend that I think is interesting an omni-channel I'm curious if either of you have any thoughts. We now seen a couple retailers kind of announced that they're redesigning stores around these omni-channel flows so target has a new store model I don't think they've open one yet but that literally has sort of a. [15:44] A separate entrance for the fast visit you no pickup Goods type stuff. [15:50] And that entrance is literally you know more convenient and separate from the the the full brows customer and I know. [15:59] Starbucks already has a prototype store in their corporate headquarters that's a pure Order ahead pick up in in Branch experience where you literally can't order in in the store. [16:11] Do you see those kinds of trans catching some some wind. Scot, Steve, And Byron: [16:15] And I do know they're working at work harder at making it easier to return. [16:31] Yeah and end, it's actually great example and the reference I made a little little more subtly earlier was it was actually you know to the Target Model by the way I would say is, I'm in a worse thing several of the mass Merchants so you know Walmart and Target really begin to execute. Very well in the store I think those companies would would say there's always an opportunity for continuous Improvement but I think they're realizing, the Strategic imperative, to improve that experience and I'm quite optimistic that the leading retailers are are going to be able to pull it off in fact I think you know I think we're going to start to see, even greater separation but I would expect those retailers, and a few others to to separate themselves and and and do it quite well what will what will be interesting. Will be you know at what page can they do that because. This isn't just about you know onesies and twosies there they're going to have any of these retailers no specific brand they're going to have to transform these stores. Very rapidly. Happened to listen to your most recent podcast and I think that you know the conversation around the period of time that some have forecasted that it might take to transform. You know the Sears locations as as they close United quite an extended time arises I don't think there's enough time to do it at that pace and. [18:05] And he's going to have to make decisions that we're going to have to accelerate this and transform the in-store experience immediately. To continue to stay relevant to smash especially with Amazon. And look while I'm intrigued by how Amazon is is disrupting our world. I'm continuing to be curious at what point will Amazon be disruptive and end. Folk music may think you know I'm a bit crazy because we've seen them as the the disruptor. [18:43] Will the time come when Alibaba and you know enter the US market or will the time come when some transformational player we've seen it in retail and sometimes it's a very long life cycle. [18:55] I really can't stress enough the need for retailers. To accelerate that pace of change and even for the disruptors to continue to disrupt themselves, so thanks for bringing up the the a word it wouldn't be a Jason and Scott show that kind of talk a little bit about Amazon let's take the angle Steve will start with you and then I want you to chime in so, it sounds like your recommendation retailers this to innovate and stay in front and Amazon could be disrupted the what about Brands I know you guys talked to a lot of brands with what do you say to Brands when they're, you know when they're saying hey what what should we do about Amazon and we see people that have a spectrum of their evil adult partner up at all all the way to Univera deep Partnerships with. Curious how you advise folks on them yeah it's Steve I'll go first and Byron if you want to jump in. The age-old question here is that that question of Channel conflict right and not only. For for their own branded stores but in many cases for their Retail Partners from a wholesale perspective and. I'm not sure there's anyone right answer depending on the category I get much of my Amazon information from you two gentlemen. But we know well that as they've entered certain private label categories. [20:26] Steve quickly gas is Amazon a quickly gained a significant market share in a number of categories and I think the the most recent Mary Meeker internet Trends presentation which was fascinating. Was one at one of the latest examples where they talked about Amazon share with batteries and I think the other category she mentioned it was. In the in the baby category so Brands I don't think there's anyone right answer but I think I can tell you this. Our clients are struggling with what to do and how to do it like they're all coming up with. Individual Solutions some are arguing that just like a regular wholesale partner and others are looking to. Come up with unique School offerings and product that not only for Amazon but for there are other wholesale partners and then for their own branded stores. And I think we're going to continue to see folks have that dilemma and as we know there are a number of luxury players or some. Unique players whether it be lvmh or Birkenstock or others that have made choices of not partnering with Amazon or. Disengaging from pretzel prior partnership with Amazon so an interesting Trends to watch but I don't think there is a single answer that it applies to any category Byron I welcome your thoughts. No I think the biggest. The big disruptor to watch there's Walmart I think their acquisition of jet.com and their rationalization of that business into their retail model is the game changer as a southerner you know going to Walmart as a spiritual experience. [22:08] And to make that experience convenient. For those that want to do it over the Internet only broadens their ability to compete head-to-head with Amazon and so I think that's worth watching and when they make returns exchanges and pick up the. Everything like that convenient in the store think about all the distribution Outlets that they've already got on the ground in your neighborhood. [22:34] That make that experience all the easier because I think that's the one who watches the disrupter for the big a in, one thing I've been mean nasty from a commercial real estate perspective here in our region the warehouse kind of segment is really heated up as as e-commerce has grown it is is that a national thing is they're kind of a Spider-Man in balance for that warehouse type space that, it's important for that that amazon-like experience. [23:00] Yes I need for three years running in our emerging Trends publication industrial has been the leading product category and it's obviously, driven by the demand because of because of the importance of fulfillment in the new economy and so industrial is a darling I don't see it changing and the use of that industrial space is already changing to adapt to. The environment related to returns and so you see some industrial parks adding retail elements so, returns of e-commerce merchandiser actually sold out the back of the warehouse. And so it's interesting to see whether or not industrial buildings become. You know many outlet malls in the future as of adjunct service to the customer that is. Using the goods that are moving through those warehouses yeah we have a, but the ability to access for the Planes Trains and trucks during the holiday season has become, very challenging for for you know many of the retailers in MN online providers so it's it's not only a competition for the industrial space but a competition for, all of the components of that supply chain including the last mile. That's right that's very important to note I mean so you got your large you know million-square-foot distribution centers that can be remotely located. [24:37] But you cannot deny the need for smaller spaces close in for last mile delivery and so the competition for four walls that are compatible for that last mile delivery is heating up but it's also using space that might otherwise be underused. And so you're seeing vacant Office Buildings. Turn into last-mile fulfillment centers for pickups and deliveries you're seeing self storage units. I'll be available for you no nighttime delivery. Of the goods from the remote distribution facility and then distributed out by The Last Mile deliver first thing in the morning. And so the use of four walls can be fungible and I think that's one of the things we're learning about this disruption is space can be used for multiple things and it doesn't always fall into the traditional categories that we thought it did. [25:31] Cool and then Steve one last Amazon kind of nuance see if you've talked about how they're going to impact retail and brands, how about the cpg your grocery category you know they've they've got the ghost or we just kind of walk out with things they've got the pickup store that had fresh for a while that's in several cities they've got Prime now Pantry there's almost like eight platforms they're experimenting around so that it seems like they're pretty serious do you think they're going to, going to start to make some inroads there or do you feel like groceries too tough for Amazon. [26:03] I think they're going to make significant inroads in it and it's interesting I'll give you something that I'm watching that may not be obvious to to everybody but you know in in in my day, I'm 52 years old all of the large cpg companies in my life professional Life Time opens, I'm office is and had a mandate to be located in Bentonville and there's no question that continue to be true given, the tremendous strength and capabilities of Walmart which I continue to believe is is is going to do continue to perform well but what we're seeing is the same consumer packaged Goods companies now. Placing folks in Seattle and so Seattle. Seattle the new Bentonville from a cpg standpoint for the additional Bentonville cuz it's not it's not an origin and so that's my signal to say. Cpg companies know it's imperative. Set the alarm with with Amazon and the other thing that we're seeing is our consumer packaged Goods companies are taking a hard look at containers and scuse sizes, wait so that they're optimized for. The Amazon delivery model in really far for everybody's delivery model but there's no question Amazon is is going there I saw a. [27:36] Presentation very recently not not vouching for the numbers but the forecast there was that by, 2023 that Amazon would be the equivalent of 2000 grocery stores, in in in the US which if you compare that to you know that's the comprable size to something like I believe a great example would be like a Kroger so there's no question. That's there going to be a significant player it's also interesting though a little bit off of Amazon but, many listeners may know when you you know well Lidl is is has said they're coming into the u.s. and they're going to open 100 stores in the near-term primarily in the east coast and in a very targeted area, there's going to be continued transformation in the grocery retail space. Far beyond just the the Amazon facts I think they'll be a little effective and some others. Jason: [28:39] Yeah it's I think the grocery space in fresh in particular is going to be super interesting to watch because that feels like a space that no one has really wrapped up yet like you know Amazon has. [28:51] His head the pilots with fresh for a long time but you know isn't. [28:54] In that many markets yet we just seen Walmart put a lot of weight behind digital fresh Kroger but your point like. [29:04] All the I think it said there's they're going to spend four billion dollars incrementally in in the u.s. to grow their grocery business and I think those Weedle stores I think the first grand openings are today. [29:16] Down in the east coast so that seems like a. [29:20] An area where we can see a lot of new store openings and I guess what I'm curious I've heard some people say that. [29:28] Grocery is already more like the the density per capita of grocery is even more over stored than retailing General in the US so does that mean. [29:39] A ton of traditional grocery is going to close to make way for these guys you think that they're going to evolve you think we're the markets going to be able to tolerate. [29:48] All these German Grocers coming in and in serving customers in new ways. Scot, Steve, And Byron: [29:54] Yeah I think my answer would be I think it's going to get to, the in-store experience that in-store experience can be different depending on who the consumer is it could be on the value end. Or it will be on the premium experience and thinking of, the Wegmans of the world are the ages of the world and the Publix where you know when you're in the store is it it is it can often be you know an extraordinary pleasing experience so, look who it is no question their razor-thin margins in grocery retail and it takes, almost Perfection which which several of the leading players on do do quite well but that tells you though there's. There has to be some disruption to come there, Ellen with the growth of online whether it be Amazon or jet.com or now is the German grocer isn't and you know some of the existing players you're not done growing whether you know whether it be. Trader Joe's of the world or some of the regional and National Brands ghetto Kroger and others continue. To transform their stores and do exceptionally well. Jason: [31:10] Yep I think for listeners it's going to be interesting you know traditionally the way we do retail is like the super premium in-store experiences, what for super premium products you know so Byron mention the Gucci example earlier right in the super you know value products tended to come with pretty. [31:29] A value oriented experiences of wheedle is going to be an interesting blend because they're a super low price points which means, the store experience is No Frills you bag your own groceries you have to pay a deposit for the shopping cart cuz they want to make sure you return the shopping cart so they don't have to pay a guy to go get it, but then they're going to have very high quality organic. [31:52] Produce in there and so it it if that's an interesting interesting trade-off to say hey get the high-quality products in the No-Frills environment so I'm going to be watching. Scot, Steve, And Byron: [32:02] I think about yeah but think about what you just said in that which I think Mary's with what Steve was saying earlier their systems mirror their delivery. And so their price point is complemented by what they do versus what the consumer does in order to get that price and I'm going to guess that their systems and become extremely sophisticated on sku management. To know what's going to sell when and so they very cleverly marry a systems and process and experience. [32:34] To the consumers expectation because the consumer pretty much knows what that bargain is when they walk in the store. Jason: [32:41] No and I think you're exactly right Brian Byron there. [32:44] Probably the most quantitative retailer out there in terms of measuring the efficiency of everything. [32:54] Tut in and building the systems and processes to be highly optimized for the experience and value proposition they think customers want so I mean the only question is going to be whether American consumers, want with what with their offering because they're very good at delivering what they offer. Scot, Steve, And Byron: [33:11] Sure it's with an contrast that with the grocery store as a spiritual or Community experience where you go do everything from your wine shopping to your Fresh Foods to that evenings Gourmet takeaway to flowers to a massage. I think I think what what we're seeing is. Experience offerings that fit the taste and budget of the buyer in different location. Jason: [33:36] That makes perfect sense. Scot, Steve, And Byron: [33:38] Steven know it's early yet but your your holiday forecast is widely read and can you give our listeners a little taste of what you're thinking about for holiday this year here here we are in June so I'm asking you about holiday well here we are in June and I will tell you we actually are about, to Launch. Are our first Global holiday survey so you're you're not asking too early here's what I can tell you about holiday in advance I it was interesting two years ago. For our press release when we lost our holiday survey which usually comes out in early October two years ago we we had a message that said, you know an overall same-store sales increase and I know it just simply was a measure, did not matter and it fell flat and I was very surprised that it fell flat so last year. We should have walked away from that but I'm going to go back to it this year because it's simply doesn't matter I'm, I am insanely bored with the holiday forecast to come out and and, you know it comes out from a wide range of constituencies it safe overall holiday sales are going to be up 3 or 4% because that's that's what they say every year when you deal go down earlier, and you take what happened last holiday wear overalls you know online was up 27% but like I said earlier we saw some key players Pro. In the 40 and 50% so I think the there there we should come up with new measures that matter and one of them will be another continued growth. [35:17] Of online which I continue to believe will grow somewhere overall near 20% but even that is is a measure that, blind to the fact that a few folks will continue to grow at a 40 to 50% clip with, with their online offering the other thing is I think we're we continue to be in a mode where consumers are going to spend a portion of their holiday budget especially Millennials on, themselves and on experience friends and family I'm going to a show, or a concert or the like so when we think about holiday I don't think it's right anymore just to look at retail sales but we really need to look at experience and then I think we're going to, pull into our holiday Outlook the growth of post travel airplane travel and Automobiles and so holiday now is, far, a far bigger picture than just retail sales but no question we'll see significant online gross I'm a little bit concerned here in June and we'll see we'll see how right I am that retailers are seeing, there I left and desirable results for year-to-date and that they're going to be, very tight in there ordering for holiday ends over the years my clients you know you never know what the weather's going to be like and you never know what, geopolitical or other events may occur but if we end up having a strong holiday but they were extremely conservative on their ordering they actually may miss on opportunities that the flip side of that is when we seen bad weather and other things. [37:00] When there's too much than they go Promotional and they go promotional early. It really wipes wipes out their holiday self retailers have it have a dilemma because of they look in their crystal ball you know is the glass half-full or half-empty. And we'll see but I do feel good about digital and online continuing to lead the way. [37:25] And I will save some of that contextual I just returned this week from the real estate Round Table in DC which is the Gathering of. 250 of the nation's real-estate CEOs and we had one presentation by a former fed governor and he said the bridge between where we are and holiday is it relates to that ending level is going to be confident. And so when we digest what it's going to take to inspire additional confidence we have to really analyze everything in the. Geopolitical jobs and and mood of the buyer to determine how bullish they will be come November December. Jason: [38:04] Yeah you know what I think there's going to be another one of these interesting ones to watch I think traditionally that's always been true and the consumer spending has index very closely to consumer confidence but it it seems like we're seeing a lot more standard deviation in that that correlation the last couple of years, and I'll be on some other things I'm really nervous about for this holiday season Steve I think you're exactly right, nervous retailers are going to go in with tight inventory but I think one of the other impacts is. [38:35] If 7700 stores truly close before holiday this year that means our friends at Gordon brothers are going to liquidate 7700 stores worth of inventory and, you know that that's going to have an impact on on prices and consumer demand as we as we hit holiday. Scot, Steve, And Byron: [39:00] Is you know not only the Gordon Brothers on the liquidation but for some of the, banners and brands that are continuing but perhaps having to go to the off-price channel to sort of the, today action Ross stores we may see some some really really tremendous deals from a consumer perspective in in the value Channel. Jason: [39:25] And I'm sorry Byron you were going to say something as well. Scot, Steve, And Byron: [39:28] Everyone loves a bargain I'll give her just reminds me of of Stanley Tangers quote years ago and good times people still want to bargain and bad times they need a bargain. And So It Goes liquidations May draw people out to spend in a way that inspires additional confidence so if that is going to be one worth watching because I think there will be a lot of closings and liquidations that. Put some Bargains in the market to get people out to experience those. Jason: [39:54] Yep and I think there was one quarter Larry on that that quote though everyone loves a bargain except for the manufacturers. [40:03] So I didn't want to change topics another topic we have on the show a lot is mobile and. [40:13] In particular you know if. [40:15] If e-commerce is a you know small sliver of total retail sales but it's the fastest growing then you know mobile is a small sliver of digital sales but you know the fastest-growing and you know we've been talking loud about brick and mortar stores. [40:30] What are the things that's really interesting to me about mobile and brick-and-mortar is we've got all these consumers they may be our only spending 10% of their stuff online but. [40:39] 50% of their purchases are being influenced by digital so they're getting used to having all this digital information when they make purchases in the the obvious way to give him that digital information when they make purchases in brick-and-mortar stores is on mobile phone so I guess I'm curious, Evite. [40:56] You guys are seeing anything interesting happening in Mobile and you know if there any experiences that you've that you've seen or that you're optimistic about in terms of Mobile use in stores. Scot, Steve, And Byron: [41:08] It's Steve and there's there's no question that the phrase we often uses is a mobile matters and, Siena resting to Think Through the story I told her earlier in the podcast around how the stores need to transform to keep up with. Digital the same thing is true with respect to mobile and what I mean by that is it's only, a year or two ago and it's unfortunately true for a few retailers today where if I'm in store and I want to use my mobile device. I really get, small version of their website and it's not a mobile design website but the leading retailers have now taken it to one click capabilities, and so those folks that are transforming the mobile experience I had my own personal experience where I will I won't name the retailer but I was at an outdoor retailer and the particular, shoe was on sale I wanted to have that shoe they didn't have it in stock the sale ended that day, they didn't have the in-store capabilities to take care of me so I wanted to buy a my mobile and I was typing on this small keyboard and it was incredibly painful I was able to complete the transaction but there was nothing user-friendly about it, that same retailer is now transformed their mobile site and with one click and using. [42:38] In one of and Apple pay Samsung pay type options truly I think in, two or three very quick clicks, I'm able now to complete the same transaction if all retailers can get to that stage we're going to see explosive growth in Mobile, especially as Millennials and gen Z years continue to take up a larger portion of of the demographic of of the act of shoppers. [43:08] Byron any thoughts on mobile I know I just think alongside that comes the ability to fulfill the order as promised and then make the returns easy if it doesn't work. I think a lot of folks are still working on their systems not only in the handheld convenience that Steve was just referring to but on fulfillment and returns as well. [43:29] Call Ann on the film inside, there's some data out there that indicates UPS and FedEx or not able to keep up with with the demand is that something easier view of thought about and kind of corollary to that is is I've kind of been a long time believer that the Amazons eventually going to, directly compete with those guys would love to hear your thoughts on that too. [43:50] I think it's overwhelming I had to do a return last week and it was a rather large item and I had to get the house and I asked for the time band which is usually 2 hours and it was eight hours and I inquired with the customer service. Representative why is the band eight hours and she started laughing mr. we've got a lot of stuff to pick up today. And we just don't know when we're going to be in your neighborhood and I thought that was you know it was honest but it was also I think indicative of what you were saying. [44:22] Yeah and I don't have any specific use not a specific area of expertise for me but I you know I do believe extraordinary companies find ways to transform themselves in. And I certainly believe all of the companies in the category especially the leading players. They're going to come well prepared for in the context of holiday but overall they're actively transforming their businesses and. Absolutely no question. I think we're in for front floor for quite a battle, quitbit it back to mobile Steve the last year you know we saw for, so two years ago we saw Africa Millennial kind of oriented folks traffic going over 50% last year we saw transactions get there for the millennial kind of audience and, other folks are kind of the past half traffic and getting towards 50% transactions sounds like you follow Alibaba I think there are like north of 80% transactional volume coming from mobile do you think this is another holiday where we kind of Step function up, midnighter is the US going to look different I do think we like to think we stepped up and, I'll put a Shameless plug in for our holiday survey how about we. [45:55] Think about getting back to you in October when we went when we haven't released but it's an area of specific Focus for our upcoming, holiday survey which which I said it being launched and why like I do expect that Trend will be exactly as as you said we'll look forward to sharing our holiday Outlook late September early October. Jason: [46:19] We will certainly take you up on that. Scot, Steve, And Byron: [46:22] Similarly will be releasing emerging Trends in real estate for 2018 and it will have a significant dedication to what's happening in retail that maybe we should maybe we should do a rematch of this in October. Jason: [46:36] That would be terrific let's do this until we get to October where is we're coming up to the end of the show, if you had a you know 30 seconds in the elevator with the CEO of your favorite retailer what's the number one piece of a go to advice you have for retailers this year. Scot, Steve, And Byron: [46:56] Mine would be make the visit special yeah and NN mine would be. [47:06] Focus on the consumer which clearly many of them are doing but in the end if you're taking care of the consumer I think the rest of it will find a way to take care of itself. Jason: [47:20] Yep and then flipping it around what about to the the CEOs of the brands. Scot, Steve, And Byron: [47:29] Yeah and I'll I'll take this one first plan I would say innovate and personalize. And I think if if they're able to if you think of the leading brand whether it be on the electronic side in the Footwear & Apparel side there's no question the leading brands that are. Constantly innovating and focusing on personalization are the clear winners. [47:59] I have to agree 100% with that comment so let's take it out further so we were kind of looking six months for, what's kind of you guys have been in the industry for a while so let's project out to 3 or 5 years what is retail look like you know do we have are we all sitting in our dark basements with VR goggles on like but Jason's doing or are we know what does that experience like are drones to like dropping things we have to catch him, I would love to hear your thoughts Byron let's start with you. [48:31] I think there's some of that that's all I was I was at a luncheon in Dallas couple of weeks ago where Ross Perot Jr shared with us that he has agreed with Uber, to be a pilot for their new Uber Elevate drone system which will be people people delivery and package delivery in and they'll be parking there drones in. In in Dallas and so he feels a little bit like The Jetsons but I think it's a promise just like driverless cars are upon us, and they'll change the way we live the way we do our errands the way we receive our Goods I don't think it'll be overnight but I think it's gradual and will be here before we know it and the groundwork is already being laid for that. [49:16] Yeah and what and what I might add I would show you I just did a market tour to New York and visited the World Trade Center and made a trip up to Columbus Circle so that included, the Apple Store. It at the World Trade Center the Amazon store Columbus Circle and I live in San Francisco and in the Embarcadero Center offices. They've opened a new Sephora store and there was one thing in common from all three of those examples stores were completely full. And the reason the stores were completely false is because they have extraordinary offerings they have exceptional Associates. Innovative products so I believe in three to five years the retailers that continue to do those things are going to continue to have those full stores that we saw and we're going to continue to see them being extremely relevant. Jason: [50:16] Well guys that is a perfect place to leave off I, couldn't agree more and it is happen again we've wasted a perfectly good hour of our listeners time, don't forget listeners you're always welcome to continue the dialogue on her Facebook page and if you like today show feel free to leave us a review on iTunes Steve Byron very grateful for you taking the time to share your insights with us in the listeners. Scot, Steve, And Byron: [50:43] Thank you very much for having us it was a pleasure to join you and I look forward to listening to your next podcast, awesome and just briefly how can people find out more about your your thoughts so you know we talked about the holiday preview that you guys do so would love to if you direct folks there, and any other writing that you guys do that you think would be interesting if you if you have a place people can find that where do they look for you online. [51:12] Www.twc.com. Yeah you can do that and then I occasionally contribute to Forbes probably not as often as I should but I do and I find and I do try to release retail trends, on Twitter and you can find me on my name and then like Byron said that Peter bc.com and we have landing pages both for our real estate practice and also for, our consumer Market practice which includes the retail practice and we'd love to hear from you directly or, folks want to follow us in any one of those medium we'd be thrilled to the follow along with you Ausable position it's. Jason: [51:57] We sure will until next time happy commercing.
The Adventure Week rock event is now upon us! We talk about re rolling movesets and have a call with the winner of our Weedle bounty!
Oops, I forgot to post this earlier today! It’s buggo time on Someone’s PC: A Pokémon Podcast!
Het is echt heel erg zomer, en om nou weer over Pokémon Go te gaan praten, dat gaat wat ver (spoiler: het gebeurt toch.) Er is niks uitgekomen en weinig gebeurd, dus een korte podcast met wat mobile games zoals Phoenix II, Tap my Katamari en daarnaast nog Paragon (zelfs gratis niet zo leuk) en The Detail. Het nieuws is zo mogelijk nog dunner, dus het is een echt komkommerpodcastje deze week. Om maar even aan te geven: hij duurt nog niet eens een uur. Minder dan een uur! Waanzin. Oh: check vooral ‘Scottish Pokémon’ op Facebook, als je ‘m nog niet kent.
FRAMILLLYYYYY!!! It's Word with Friend time and this week's guest is comedian/writer RILEY SILVERMAN (Pajiba, International Waters). Julian and Riley unpack Pokemon Go, various other video games, AND tattoos! (Go to The Honorable Society and get one there they are very good.) Also they get in to music, DB Cooper, and Ancient Aliens. This week's word is WHEEDLE which isn't a Pokemon but Weedle is.
Today on Speaking Human, we augment our reality and roam the earth hunting for monsters like Sandshrew, Weedle and Psyduck, along with the answer to the vital question: How in the name of Pikachu did Pokémon Go become a global craze? Get show notes for this episode and check out past episodes of the Speaking Human podcast by visiting thinkmonsters.com/speakinghuman.
Did you know that #Weedle gorges on food daily? That’s gotta be more interesting than Bulbasaur’s inplants right? Find out on this episode of Magmar Sucks. Hosts: Chris, Aleksandar, David, Joe For more episodes and the full ranking list visit Magmar Sucks on the web. For more on the Pokemon in this episode check out their Bulbapedia page
Weedle, Kakuna, Beedrill
SOOOOONIC Y SU BAAAAAAANDAAA … Sooooonic y su… Hoy con delfín, guerra, metal pesado y rolas 200% japonesas (solo sobrepasados por la excepción de lo que se hace para promocionar Japón en la TV extranjera). Hoy repasamos lo que se necesitaba para poder jugar juegos “de adultos” en los 80s y lo que era el porno en 8Bit. Asistentes: Asher, Mauricio Pastrana, Rolando Cedillo, Artemio Urbina, Pablo Pailles LISTA DE ROLAS 00:02:49 Intro – Leisure Suit Larry (1987) – Sierra Entertainment 00:10:25 Main Theme - Galaga (1981) - Namco 00:18:42 Area 1 - Wario Land (1995) – Nintendo R&D1 00:26:10 Wandering Ghosts – Castlevania: Symphony Of The Night (1997) – Konami 00:32:02 Descent Into Cerberon – Quake II (1997) – Id Software 00:38:40 Rush‘n Attack (1985) - Konami 00:42:29 Hell March 3 – Command And Conquer: Red Alert 3 (2008) – Electronic Arts 00:48:33 Wanda Wanda – Katamary Damacy (2004) - Namco 00:57:56 Another World – Chrono Cross (2000) - Square 01:03:30 Besaid Island – Final Fantasy X (2001) - Square 01:09:47 Left Bank Two – Little Big Planet (2008) – Media Molecule 01:18:02 Meet The Bunny – Mario Galaxy (2007) – Nintendo EAD 01:28:26 Bonds Of Sea And Fire – Xenogears (1998) - Square 01:37:42 Hail From The Past – Castlevania: Portrait Of Ruin (2006) Konami 01:47:13 The Azure Cavern – Deep Labyrinth (2006) – Interactive Brain 01:54:44 Faron Woods – The Legend Of Zelda: Twilight Princes (2006) Nintendo EAD 02:04:10 Walking The Ground - Final Fantasy Four Heroes Of Light (2010) – Square-Enix 02:08:21 Rainbow Road – Mario Kart 64 (1996) – Nintendo EAD 02:17:58 Art Style – Rotohex (2008) - Nintendo 02:25:47 Come With It – Madworld (2009) – Platinum Games 02:36:51 Frog hop – Rhythm Heaven (2009) – Nintendo SPD 02:41:26 Act 3 Part 1 (Original/Cover) – Ninja Gaiden (1989) - Tecmo 02:55:31 Water Temple – The Legend Of Zelda: Ocarina Of Time (1998) – Nintendo EAD 03:05:14 Intro – Sonic Underworld/Sonic y su banda (1999) *Interpretada por Ricardo Silva (Honor a quien honor merece)
After a nightmare of an editing process (don't ask), the podcast is finished and ready for your listening ears. The live streamers got a few treats that had to be edited out, so I apologize for the lack of length on the part of the non-live streamers. Perhaps that's just more incentive to be here when we're recording, eh? ReclusiveDemon joined us this week, along with Dan, Zach, Mitch, Eric, and myself for one of my favorite shows yet. Hope you all enjoy it as much as we did!
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