Digiday
The Modern Retail Podcast
The Modern Retail Podcast is a podcast about all the ways the retail industry is changing and modernizing. Every Saturday, senior reporters Gabi Barkho and Melissa Daniels break down the latest retail headlines and interview executives about what it takes to keep up in today’s retail landscape, diving deep into growth strategies, brand autopsies, economic changes and more
Where to listen?
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Episodes
Collars & Co founder Justin Baer on riding the Shark Tank wave 01.06.2023 30:13
Collars & Co is trying to create a new category that's one part casual and one part dressy. The two-year-old apparel startup makes a collared polo shirt, along with other items, and targets predominately well-to-do males. It first got its start on TikTok, but an appearance and subsequent deal on Shark Tank led to a huge increase in sales. "We saw about a 400% increase in the number of visitors," t...
Modern Retail Rundown: Apparel sales rebound, Meta's EU lawsuit & TikTok Shop's traction in Southeast Asia 27.05.2023 30:33
This week's Modern Retail Rundown begins with a discussion about why retailers like URBN and Kohl's are thriving while other apparel players are struggling at the moment. Next is an overview of Meta’s record $1.3 billion privacy lawsuit filed by European Union regulators, as a means to crack down on Facebook's user data sharing. Lastly, we talk about how TikTok Shop is generating buzz among live c...
'There is more whitespace': Parachute founder Ariel Kaye on filling the Bed Bath & Beyond void 25.05.2023 31:55
Parachute doesn't look or feel anything like a Bed Bath & Beyond, but founder and CEO Ariel Kaye thinks her brand represents the next wave of home goods retailers. The stores are certainly smaller and more curated -- and they are focused much more on the experiential than pure conversion. But Parachute is focused on utilizing its growing store base as a way to bring in more customers and become a...
Modern Retail Rundown: Big-box earnings blitz, Instacart's ad growth & Shein's shrinking valuation 20.05.2023 29:10
Earnings season has arrived — and the Modern Retail Rundown dove into all the details. On this week's show, in which the Modern Retail staff discuss the week's biggest industry headlines, we looked at the results of Home Depot, Target and Walmart -- and what they mean for the year ahead. Then, we talk about some new numbers revealed about Instacart's advertising business. Lastly, we discuss Shein'...
'There are so many celebrities and influencers that have millions of followers that can't sell a damn thing': Spritz Society's Ben Soffer on building an alcohol brand beyond its influencer roots 18.05.2023 32:24
Spritz Society rose to fame because of its influencer founder, but the sparkling wine brand is now trying to transcend that. Ben Soffer, perhaps best known on Instagram as the Boy With No Job, ironically does have a job -- he's an alcohol entrepreneur selling canned drinks both online and in over 400 stores in eight states. Soffer is now focused on expanding Spritz Society's wholesale presence and...
Modern Retail Rundown: Warby Parker & Allbirds earnings, Mattress Firm acquired & suburban malls’ revitalization 13.05.2023 26:29
This week's Modern Retail Rundown features an analysis on Warby Parker and Allbirds’ latest quarterly earnings, which show mixed revenue results and losses. Next we give an overview of Tempur Sealy’s acquisition of Mattress Firm, and what it could mean for the overall mattress segment. Finally, we discuss a new story showcasing the way suburban shopping centers are thriving, thanks to hybrid work...
'People wanted to talk about waitlists': How a supply chain bottleneck helped DTC AC brand Windmill go viral 11.05.2023 34:05
For most brands, going to market only being able to sell a few hundred units because of supply chain headaches sounds like a nightmare. But for Windmill, which sells both air conditioners and HVAC filters, this turned into marketing gold. The company first launched in the summer of 2020. "[We] had a really awesome launch plan for 2020 that we had to scrap," said co-founder Mike Mayer. "And so we c...
Modern Retail Rundown: Shopify goes back to basics, 15-minute delivery consolidation & Peloton's revamped digital strategy 06.05.2023 25:07
This week's Modern Retail Rundown starts with an overview of Shopify’s renewed focus on being an e-commerce solution provider, as the company sells off its logistics business. Next, we check in on the state of 15-minute delivery apps, in light of Getir's latest European acquisition. Lastly, a discussion of why Peloton is betting on digital fitness as a long-term revenue stream.
Ebay's chief product officer on growing the legacy marketplace 04.05.2023 28:40
Ebay may be decades old, but the company is still trying to iterate as if it were a startup. "We're still a work in progress, there's still a lot more that we need to change," said Eddie Garcia, eBay's chief product officer. He joined the Modern Retail Podcast this week and spoke about his priorities, and the way the marketplace landscape has evolved. Garcia is an eBay boomerang. He first started...
Modern Retail Rundown: Amazon swings to profit, fast casual's resilience & Target goes all in on curbside returns 29.04.2023 23:07
This week on the Modern Retail Rundown begins with a quick update on Bed Bath & Beyond's closures. Then an overview of Amazon’s latest earnings, which include $9.5 billion in ad revenue. Next up is a look at the state of fast casual dining, and why chains like Chipotle and Subway are thriving despite inflation. Finally, we discuss Target's longtime investment in curbside fulfillment, with the late...
A-Frame Brands CEO Ari Bloom on launching startups with celebrities like John Legend and Naomi Osaka 27.04.2023 39:31
A-Frame Brands is focused on building brands for underserved communities but with big names behind them. And national retail is a big part of its strategy. According to co-founder and CEO Ari Bloom, there's a lot that goes into making a celebrity brand work. But he thinks he's tapped the formula. So far, A-Frame has launched brands with powerhouse names like Dwayne Wade, Gabrielle Union, Naomi Osa...
Modern Retail Rundown: Ikea's expansion plans, David's Bridal Chapter 11 redux & Bed Bath & Beyond's imminent bankruptcy 22.04.2023 24:39
This week on the Modern Retail Rundown, we go into Ikea’s $2.2 billion plan to grow in the U.S., complete with a new store concept and overall footprint expansion. Next, we dive into why David’s Bridal is filing for its second Chapter 11 protection in five years -- despite operating during a booming wedding industry. In other bankruptcy news: an update on a possible filing by Bed Bath & Beyond, fo...
Curie founder Sarah Moret on leveraging QVC to be a national brand 20.04.2023 34:45
Personal care brand Curie looks like a traditional DTC brand at first glance, but has grown thanks to a variety of unorthodox channels. For one, the company has been featured over a dozen times on QVC, and that has helped it reach a brand new and eager audience. What's more, Curie founder and CEO Sarah Moret pitched her brand on Shark Tank -- which gave her both a boost thanks to a deal with Barba...
Modern Retail Rundown: Walmart's urban problem, Amazon's latest vision for Whole Foods & shakeups at Tonal 15.04.2023 26:54
On this week's Modern Retail Rundown, we discuss Walmart's lackluster performance in urban centers, following the retail giant's major Chicago exit. Next, a preview from Amazon CEO Andy Jassy shows that the Whole Foods ownership hasn't panned out well when it comes to Amazon's big grocery ambitions. Lastly, we discuss the latest updates from connected fitness startup Tonal, including a C-suite res...
'Stores have always been a part of our story': Argent CEO Sali Christeson on the women's workwear brand's growth plans 13.04.2023 35:45
Women's workwear brand Argent is back in growth mode. The company first launched in 2016, and saw a precipitous rise over its first few years -- especially thanks to well-known fans of the brand like Hilary Clinton. But the pandemic changed everything -- with people no longer going to work in offices and overall demand plummeting. During that time, said Argent founder and CEO Sali Christeson, "it...
Modern Retail Rundown: L’Oréal scoops up Aesop, American Eagles scales back supply chain investments & Chipotle vs. Sweetgreen 08.04.2023 24:01
On the Modern Retail Rundown we discuss L’Oréal's $2.5 billion Aesop acquisition, the biggest in the beauty giant's history, and what it means for Aesop's previous owner Natura & Co. This week also saw shakeups at American Eagle’s supply chain arm, Quiet Platforms, with its president exiting the company as AE focuses on profitability. Finally, we discuss why Chipotle rushed to sue Sweetgreen over...
'All my eggs in the Facebook basket': True Classic CEO Ryan Bartlett on growing a DTC brand on paid social 06.04.2023 35:45
Men's apparel brand True Classic was able to become a $250 million company -- and it thanks Facebook for its success. "I knew I was going to put all my eggs in the Facebook basket," said co-founder and CEO Ryan Bartlett. Lucky for him, the company launched before the changes to iOS 14, and his thesis worked. The company says it's profitable, has sold over $250 million worth of goods since its laun...
Modern Retail Rundown: Macy's CEO plots an exit, Uber Eats' ghost kitchen cleanup & Telfar’s new pricing model 01.04.2023 29:11
Every week on the Modern Retail Rundown, we analyze the most important news within the retail world. This week's episode starts with a discussion on Macy’s CEO Jeff Gennette's announcement that he will step down next February and what it can mean for the department store's future. Next, we dissect Uber Eats' mission to crack down on low-rated ghost kitchens, to improve food and service quality. La...
Macy's Marc Mastronardi on the department store's revamped brick-and-mortar strategy 30.03.2023 30:05
Macy's is in the process of rethinking its entire store business. Recent moves emphasize this shift: at its most recent earnings, the company said it was focusing on opening more off-mall locations, a distinct shift from its place as a mall stalwart. According to Marc Mastronardi, Macy's chief stores officer, this shift is a long-time coming and indicative of a longstanding strategy to rethink its...
Modern Retail Rundown: More layoffs, Panera Bread's Amazon One rollout & Foot Locker reviving its Nike partnership 25.03.2023 22:58
This week on the Modern Retail Rundown, we analyze the most important news within the retail world. This episode starts out by giving up update on the latest Amazon layoffs, in which the company announced it's cutting 9,000 employees. Next is an overview of Panera rolling out Amazon One's palm checkout, becoming the first major restaurant chain to adopt the tech. The rundown then moves into how Fo...
Saks CMO Emily Essner on building a digital business off of a legacy retailer 23.03.2023 36:21
Saks has big plans to grow its business by focusing on digital initiatives and targeting younger shoppers. The company spun off its digital business from its well-known stores in late 2021. And the retailer says the two-business strategy has worked out: it's acquired 3 million new customers over the last year-plus. According to CMO Emily Essner, it's because Saks is more focused on being new than...
Modern Retail Rundown: SVB's woes, TikTok faces ban threats and H&M gets into resale 18.03.2023 21:26
On this week’s episode of the Modern Retail Rundown, we continue to analyze the latest shakeups in the industry. The program starts by giving an update on Silicon Valley Bank, including a Chapter 11 bankruptcy filing. It then discusses TikTok's recent pressure to sell or face a U.S. ban, and how that can impact retailers and brands' marketing outlooks. Finally, the show looks at how feasible resal...
'Like a car dealership': How Impossible Kicks is trying to become a digital resale empire 16.03.2023 33:34
Sneaker resale marketplace Impossible Kicks is taking a more analog approach to sneaker resale. In a world where most valuable hype beast-esque kicks are sold on platforms like StockX, Impossible Kicks has been focused on opening stores over the last two years. It now has over two dozen locations in ten states, with plans to open seven more this year. But it also is now expanding into online, tryi...
Modern Retail Rundown: Allbirds woes, Shein vs. Temu and the rise of 'premiumization' 11.03.2023 27:26
On this week's episode of the Modern Retail Rundown, the team continues to dissect the new economic realities the retail industry faces. This episode discusses a few hot topics coming out of the retail industry. First up is a look at Allbirds’ first year as a publicly traded company. We then discuss the new Shein vs. Temu rivalry. Finally, we ask why a lot of mainstream brands are reinventing them...
'There were multiple times I thought maybe we won't make it': M.M.LaFleur CEO Sarah LaFleur on the women's wear brand's new store strategy 09.03.2023 34:28
After a difficult 2020 and 2021, women's work apparel brand M.M.LaFleur is once again in growth mode. The company is investing in new stores and showrooms, and says that sales are picking up again after business cratered during the pandemic. "There were multiple times where I thought maybe we won't make it, maybe the business won't survive," said founder and CEO Sarah LaFleur. She joined the Moder...
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