DOCSLIB.ORG

Shoptalk 2017 Day 2 Takeaways

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Shoptalk 2017 Day 2 Takeaways March 21, 2017 The Fung Global Retail & Technology team is attending Shoptalk 2017 Day 2 Shoptalk 2017 in Las Vegas this week (March 19–22). Described by the organizer as “the next-generation commerce event,” Takeaways: Shoptalk expects more than 5,000 attendees from over 40 countries at this year’s event. 1) E-commerce companies such as Amazon and eBay shared their efforts to improve fulfillment speed. Stephenie Landry, Vice President of Amazon Prime Now, pointed out that instant fulfilment such as two-hour delivery could become the norm for future e-commerce. 2) Retailers are rethinking technologies to help run stores more efficiently and engage customers. Kyle Nel, Founder and Executive Director of Lowe’s Innovation Labs, discussed how Lowe’s is creating a more efficient and engaging shopping experience by introducing autonomous robots at 11 of its retail stores. 3) Marc Lore, President and CEO of Walmart eCommerce US Deborah Weinswig (Walmart’s e-commerce operations), announced on Managing Director, Monday that the company is launching a technology- Fung Global Retail & Technology startup incubator in Silicon Valley to help identify changes [email protected] US: 917.655.6790 that will reshape the retail experience. The incubator, HK: 852.6119.1779 dubbed Store No. 8, will house startups wholly owned by CN: 86.186.1420.3016 Walmart, but run independently. Deborah Weinswig, Managing Director, Fung Global Retail & Technology deborahweinswig@ fung1937.com US: 917.655.6790 HK: 852.6119.1779 CN: 86.186.1420.3016 1 Copyright © 2017 The Fung Group. All rights reserved. March 21, 2017 This week, the Fung Global Retail & Technology team is attending Shoptalk 2017 in Las Vegas during March 19–22. Described by the organizer as “the next-generation commerce event,” Shoptalk expects more than 5,000 attendees from over 40 countries at this year’s event. From new technologies and business models to changes in consumer preferences and expectations, attendees are exploring disruption in the retail industry, particularly its impact on how consumers discover, shop and buy. Below, we summarize our key takeaways from Day 2 of Shoptalk. Day 2 Takeaways 1. E-Commerce Pure Plays are Testing the Limits of Instant Fulfillment E-commerce companies such as Amazon and eBay shared their efforts to improve fulfillment speed. Amazon Prime Now: Stephenie Landry, Vice President of Amazon Prime Now, pointed out that instant fulfilment such as two-hour delivery could become the norm for future e-commerce. Two-day shipping was considered unnecessary just a few years ago, but has become more-or-less expected by the consumer. Since December 2014, Amazon Prime has been providing free two-hour shipping and charging $7.99 for one-hour delivery to members. Currently offered in 45 cities in six countries, the rapid expansion of this service demonstrates the strong demand for instant fulfilment. eBay: President and CEO, Devin Wenig, announced that the company will roll out guaranteed three-day delivery on more than 20 million items. Shoppers will also be able to filter items by one- or two-day delivery. 2. Brick-and-Mortar Stores Still Present a Growth Opportunity, but Require a Major Transformation Although sales from brick-and-mortar stores continue to grow, performance differs vastly among individual retailers. Deloitte Consulting: Kasey Lobaugh, Chief Retail Innovation Officer, shared a study, which indicated that store- based retailers that offer highly differentiated products and performance recorded a five-year compounded annual growth rate (CAGR) of 10.1% in annual revenue over 2010–2015. However those retailers that sell commodity-like products reported an average decline of 0.2% over the same period. Lobaugh shared that access to products and easy returns are two advantages of in- store shopping versus the online channel. Retailers need to continue to improve in the two areas. Source: Fung Global Retail & Technology Deborah Weinswig, Managing Director, Fung Global Retail & Technology deborahweinswig@ fung1937.com US: 917.655.6790 HK: 852.6119.1779 CN: 86.186.1420.3016 2 Copyright © 2017 The Fung Group. All rights reserved. March 21, 2017 Source: Fung Global Retail & Technology Target: As store-based sales still account for the majority of retailers’ sales, investing in stores to create a convenient, exciting and all-channel experience is critical to remain competitive in the current retail environment. Chairman and CEO, Brian Cornell, shared the company’s multi- billion dollar investment initiatives for its stores over the next few years, including remodeling 600 stores, opening small-format stores and improving in-store fulfilment capability. Store remodeling included redesigning in-store displays, store entrances and in-store technologies. 3. Creating a Frictionless Store Experience: Automation and Self-Checkout Retailers are rethinking technologies to help run stores more efficiently and engage customers. Lowe’s: Kyle Nel, Founder and Executive Director of Lowe’s Innovation Labs, discussed how Lowe’s is creating a more efficient and engaging shopping experience. Lowe’s is introducing autonomous robots at 11 of its stores, hoping to create more seamless interactions for customers. The LoweBot, made by Fellow Robots, uses a 3D scanner to detect people as they enter the stores. Shoppers can search for items by asking the bot or typing items into a touch screen. The bot can guide them to those items using smart laser sensors. Lowe’s hopes the bot will also save customers time, as people entering the store often want to know where something is and don’t have time to download an app. Source: Fung Global Retail & Technology Deborah Weinswig, Managing Director, Fung Global Retail & Technology deborahweinswig@ fung1937.com US: 917.655.6790 HK: 852.6119.1779 CN: 86.186.1420.3016 3 Copyright © 2017 The Fung Group. All rights reserved. March 21, 2017 Rebecca Minkoff: Co-Founder and CEO, Uri Minkoff, discussed the company’s partnership with self-checkout startup, QueueHop, to provide self-checkout technology in its stores with the aim of easing the shopping experience. Unlike Amazon Go, there is still a checkout to contend with, but one that shoppers can complete on their own. The millennial fashion brand is hoping to shave off time by creating a more seamless shopping experience, which could spur consumers to go into their stores more often. 4. China and India Represent the Biggest International Opportunities for E- Commerce China and India are showing the most attractive growth potential for e- commerce. China: Driven by high mobile adoption, cheap logistics and an inefficient store-based retail landscape, China has become the world’s largest e- commerce market. By 2020, the number of e-commerce consumers is forecast to outgrow that of the US by threefold. By 2019, 29% of the world’s online shoppers will be Chinese, according to eMarketer. Lee McCabe, Vice President North America at Alibaba Group, encouraged every e-commerce player to think about selling into China at scale, especially through e- commerce marketplaces, which are the dominant online shopping destination for Chinese consumers. Source: Fung Global Retail & Technology India: India also presents a tremendous opportunity in e-commerce. By 2019, 11.6% of the world’s online shoppers will be Indians, which puts the country second on the list after China, according to eMarketer. Devin Wenig, President and CEO of eBay, considers India a great opportunity for eBay, given the growing wealth, supply and demand imbalance in e-commerce and high mobile adoption in the country. Deborah Weinswig, Managing Director, Fung Global Retail & Technology deborahweinswig@ fung1937.com US: 917.655.6790 HK: 852.6119.1779 CN: 86.186.1420.3016 4 Copyright © 2017 The Fung Group. All rights reserved. March 21, 2017 5. Data Analytics Empowers Consumers to Influence Product Curation Retailers have used various data analytics tools to listen to consumer feedback and applied the insights gained to direct their product development. In fact, data plays an ever more central role in retail. This was emphasized in presentations from both eBay and Alibaba, which define themselves as data companies rather than anything else. Source: Fung Global Retail & Technology Data analytics is enabling retailers across categories to provide products that customers want. • Paris Presents Incorporated, a global beauty and personal care company, developed its award-winning, real technique makeup brush sets after analyzing customer reviews and comments that they wanted to have high-quality makeup brush sets at mass-market prices. • Nature Box, an all-natural snack subscription company collects customer feedback for new products for a period of 12 weeks and makes a decision whether or not to continue making the products based on the reviews. • Le Tote, a fashion rental subscription company, uses an extensive rating system to decide what to include in each subscription box each month. 6. Mobile Contactless Payments on the Rise, Bringing Benefits to Retailers Over the past two years, mobile wallets have flooded the market with offerings such as Samsung Pay, Chase Pay, Android Pay, Apple Pay, Amazon Pay, and more. Each of these offers unique benefits to the user and encourages customers to form shopping habits around them. Benefits to the retailers and merchants include: reduces checkout friction with expedited payment, incorporates existing loyalty credit card of a brand or retailer into Apple Pay, provides a single login for registration and transactions, lowers cart abandonment and increases conversion. Deborah Weinswig, Managing Director, Fung Global Retail & Technology deborahweinswig@ fung1937.com US: 917.655.6790 HK: 852.6119.1779 CN: 86.186.1420.3016 5 Copyright © 2017 The Fung Group. All rights reserved. March 21, 2017 Apple Pay: Baris Cetinok, Senior Director of Product Marketing & Management for Apple Pay & iCloud, discussed the rapid growth of Apple Pay adoption in the US. Over the holiday season in 2016, transactions through Apple Pay for both e-commerce and physical retail stores had a 10%–15% higher average order value and a 2x higher checkout conversion rate.
Load more

Recommended publications
  • Amazon Bought This Man's Company. Now He's Coming for Them by Brad Stone January 07, 2015
    Amazon vs. Jet.com: Marc Lore Aims to Beat Bezos... http://www.businessweek.com/printer/articles/24... Bloomberg Businessweek Technology http://www.businessweek.com/articles/2015-01-07/amazon-vs-dot-jet-dot-com-marc-lore-aims-to-beat-bezos Amazon Bought This Man's Company. Now He's Coming for Them By Brad Stone January 07, 2015 (An earlier version of this story ran online.) The historic downtown commercial district of Montclair, N.J., is known for its restaurants, antique shops, and art-house movie theater. It’s not usually home to lavishly funded attacks on the entrenched giants of global e-commerce. Yet on the second floor of a three-story red-brick building on Bloomfield Avenue, across a parking lot from a fancy pizza joint and up an unmarked stairwell, are the offices of one of the biggest bets in the history of online retail: a 100-employee startup called Jet.com. Jet is the brainchild of Marc Lore, the founder and former chief executive officer of Quidsi, a company best known for its most popular website, Diapers.com. He spent years competing with Amazon.com (AMZN) before getting clobbered in a price war and then, in 2010, selling out to the company for $550 million. Lore stayed on at Amazon for more than two years; now he’s preparing to assault it. He wants to reinvent the wholesale shopping club. Jet plans to open for business on a “friends-and-family” basis in January and will start limited sign-ups on Feb. 20. Customers will find just about everything, from clothes, books, and electronics to baby goods and athletic gear.
    [Show full text]
  • Walmart Inc. Takes on Amazon.Com
    For the exclusive use of Q. Mays, 2020. 9-718-481 REV: JANUARY 21, 2020 DAVID COLLIS ANDY WU REMBRAND KONING HUAIYI CICI SUN Walmart Inc. Takes on Amazon.com At the start of 2018, Walmart faced critical decisions about its future as e-commerce continued to explode. Walmart just lost its long-held crown as the most valuable retailer in the world to online leader Amazon. With Amazon’s recent acquisition of Whole Foods for $13 billion, Amazon moved aggressively into the offline world to challenge Walmart in its biggest business, grocery. Walmart was not standing still, making moves like buying Jet.com for $3 billion in 2016. While Walmart’s U.S. e- commerce revenues grew to $11.5 billion in 2017, there was no debate in Bentonville, AR: Walmart remained far behind. The question for Walmart CEO Doug McMillon and Walmart.com head Marc Lore was how to respond to its most aggressive competitor ever (Exhibits 1a and 1b).1 Amazon The Early Years (1994–2001) Jeff Bezos founded Amazon in 1994 to exploit the Internet, still a relatively nascent technology. He determined that selling books online was most promising, because the number of titles available was greater than even the largest brick-and-mortar store could stock. Bezos and his wife drove west to start “Earth’s Biggest Bookstore” in Seattle, WA. Amazon offered 1 million titles for sale on its opening day in July 1995. Next year, the company had over 2.5 million book titles for sale, with revenue doubling every quarter (Exhibit 2).
    [Show full text]
  • Acquisitions: Walmart Vs Amazon Scott Imss
    University of Arkansas, Fayetteville ScholarWorks@UARK Finance Undergraduate Honors Theses Finance 5-2018 Acquisitions: Walmart vs Amazon Scott imsS Follow this and additional works at: http://scholarworks.uark.edu/finnuht Part of the Accounting Commons, Business Administration, Management, and Operations Commons, Corporate Finance Commons, E-Commerce Commons, and the Finance and Financial Management Commons Recommended Citation Sims, Scott, "Acquisitions: Walmart vs Amazon" (2018). Finance Undergraduate Honors Theses. 46. http://scholarworks.uark.edu/finnuht/46 This Thesis is brought to you for free and open access by the Finance at ScholarWorks@UARK. It has been accepted for inclusion in Finance Undergraduate Honors Theses by an authorized administrator of ScholarWorks@UARK. For more information, please contact [email protected], [email protected]. Acquisitions: Walmart vs Amazon by Scott T. Sims Advisor: Dr. Craig Rennie An Honors Thesis in partial fulfillment of the requirements for the degree Bachelor of Science in Business Administration in Finance and Accounting. Sam M. Walton College of Business University of Arkansas Fayetteville, Arkansas May 11, 2018 1 Executive Summary The retail industry is in the process of undergoing major change. Historically big box brick and mortar strategies have dominated, but this is changing in the age of impatience and instant gratification. As consumers want items more conveniently, online retail has taken hold with no semblance of anticipated decline. At the forefront of this transformation are two industry giants: Walmart and Amazon. Walmart finds itself on the side of brick and mortar with 11,718 physical retail locations worldwide. Amazon is dominating the online retail space with control of a staggering 44% of all US e-commerce sales in 2017.
    [Show full text]
  • El Cliente Omnicanal
    El Cliente Omnicanal: Jaume Hugas, November 14th, 2017 1 Source: Kärcher 12% New Dada Dough McMillon President & CEO Wal-Mart San Bruno California 2017 + 20 m SKU´s +10 m SKU´s + $ 99 Marc Lore Per year CEO Wal-Mart E-commerce 2 2017 July 2015 Walmart 90,92 $/sh Amazon 1,125,4 $/sh K 272 b $ K 542 b $ Nov 12th 2017 2017 Rev $136 b + 27% Net Inc b $ 2,4 b + 400 % 2017 AWS Rev $ 12,2 b + 55% 2017 Rev $481 b +0,6% Net Inc $ 22,8 b <5,6%> 2017 Rev Ecom $17,7 b + 29% $ 1,1 b/year 2017 Investment 17,7 b $ +60% wo M&As 2017 4 Retailers 2017 “Stores Closing” 269 (2016) 400 160 138 68 70 50 70 60 60 42 108 552 250 140 110 After E-commerce Apparel, Food is coming! 5 NEW LOGISTIC PARADIGM Total 317 DC´s Total 457 Facilities US 181 DC´s US 297 Facilities CLASSIC LOGISTIC DC´s NEW LOGISTICS FC´s + Centralized Descentralized + New US 13 FC´s Externalized Internalized New US 101 FC´s +10 meters high +3 meters floors Pallets Units, Cases Thousands of SKU´s Millions of SKU´s Full Truck Load Vans & Motocycles Delivery days Delivery hours Fork Lift Robots Stores Population Jaume Hugas, 2017 6 E-commerce Logistics en los 2000´s Dirección de Operaciones Jaume Hugas 19 Fuente: JLL 2015 8 Curbside Bin Kiosk 9 1 0 US 2017 101 Fulfillment Centers + 80 Sorter Centers + 47 Delivery Station 18 Pantry & Fresh + 51 Prime Now Hubs TOTAL 297 Fulfillment Centers 101 Sorter Centers 80 Pantry & Fresh 18 Fuente: Hugas J.
    [Show full text]
  • 2020 Investment Community Meeting Transcript
    Corrected Transcript 18-Feb-2020 Walmart, Inc. (WMT) Investment Community Meeting Total Pages: 80 1-877-FACTSET www.callstreet.com Copyright © 2001-2020 FactSet CallStreet, LLC Walmart, Inc. (WMT) Corrected Transcript Investment Community Meeting 18-Feb-2020 CORPORATE PARTICIPANTS Daniel Binder Suresh Kumar Vice President-Investor Relations, Walmart, Inc. Chief Technology & Development Officer, Walmart, Inc. C. Douglas McMillon Dacona Smith President, Chief Executive Officer & Director, Walmart, Inc. Executive Vice President and Chief Operating Officer - Walmart U.S., Walmart, Inc. Brett M. Biggs Chief Financial Officer & Executive Vice President, Walmart, Inc. Jamie Iannone Chief Executive Officer, SamsClub.com and Executive Vice President of John Furner Membership and Technology, Walmart, Inc. President & Chief Executive Officer-Walmart U.S., Walmart, Inc. Karthik Raghupathy Marc Lore Vice President, Strategy and Business Development, PhonePe President & Chief Executive Officer-Walmart U.S. eCommerce, Walmart, Inc. Kathleen McLaughlin Executive Vice President and Chief Sustainability Officer, Walmart, Inc. Judith McKenna President & Chief Executive Officer-Walmart International, Walmart, Rachel Brand Inc. Executive Vice President-Global Governance, Chief Legal Officer & Corporate Secretary, Walmart, Inc. Kath McLay President and Chief Executive Officer, Sam's Club, Walmart, Inc. ....................................................................................................................................................................................................................................................................
    [Show full text]
  • The Shopping Revolution
    Praise for The Shopping Revolution “ Barbara Kahn has captured what is at stake for those of us who serve customers: As retailers compete for their attention, their expec- tations will continue to increase, and meeting— not to mention exceeding— their expectations will become an ever-higher bar that many will fail to reach. Fortunately, in The Shopping Revolution, Kahn reveals what has enabled today’s most successful retailers to thrive in the face of these challenges. An essential read for anyone who wants to keep pace with their customers and anyone who wants to understand the massive changes underway in retail.” — Neil Blumenthal, co- CEO and co- founder, Warby Parker “ In The Shopping Revolution, Barbara Kahn zeroes in on how a few formidable retailers have gained ascendance and offers advice to retailers on how to develop their own winning strategies. This is rel- evant for anyone who wants to compete with the retail superpowers of today and earn loyal customers. How retailers and brands engage with customers is undergoing a profound transformation and The Shopping Revolution provides a thoughtful framework on how to innovate in the new world of retail.” — Oliver Chen, Managing Director, Cowen and Com pany “ As Barbara Kahn powerfully argues, it is pos si ble to compete in the era of rapidly changing shopping be hav ior. In The Shopping Revolution, Kahn dissects the strategies of leading retailers and offers power ful examples of how success can be achieved. A must- read for anyone who aspires to reach customers today— and tomorrow.” — Marc Lore, CEO, Walmart eCommerce US “ A masterful storyteller, Barbara Kahn expertly unpacks the strategies of today’s seemingly unbeatable retailers.
    [Show full text]
  • Wal-Mart Works to Close Gap Between Itself and Amazon 30 May 2017, by Anne D'innocenzio
    Wal-Mart works to close gap between itself and Amazon 30 May 2017, by Anne D'innocenzio he's confident about the company's momentum and that there's plenty of room for it to thrive. "I can tell you we are happy with the moves we are making, and we are happy with the results," Lore said at the Jet headquarters in Hoboken, New Jersey. "It's about moving fast. It's about innovating. And it's a very big market." He noted that e-commerce sales industrywide are still growing 15 percent per year. Lore led Wal-Mart's acquisitions of specialty online retailers like ModCloth, Moosejaw and ShoeBuy.com, and said he's still looking at In this Wednesday, Sept. 18, 2013, file photo, two Wal- companies that have expertise in categories where Mart employees walk past a sign in the lobby at the Wal-Mart wants to grow faster. Walmart.com office in San Bruno, Calif. Wal-Mart's acquisition of Jet.com is accelerating its progress in e- As Wal-Mart prepares to show off some of its commerce as it works to narrow the gap between itself innovations this week before its shareholder and online leader Amazon. Wal-Mart is betting its online meeting, there are signs that things are starting to future on essentials like produce and groceries and has click. adjusted its shipping strategy. But Amazon keeps innovating too. (AP Photo/Jeff Chiu, File) Sales at Walmart.com rose 63 percent in the first quarter, up from 29 percent growth in the previous quarter and marking its fourth straight quarter of increases.
    [Show full text]
  • White-Hot U.S. Stock Rally Masks Massive Value Swings
    P2JW097000-5-A00100-17FFFF5178F ***** WEDNESDAY,APRIL 7, 2021 ~VOL. CCLXXVII NO.80 WSJ.com HHHH $4.00 DJIA 33430.24 g 96.95 0.3% NASDAQ 13698.38 g 0.1% STOXX 600 435.26 À 0.7% 10-YR. TREAS. À 17/32 , yield 1.656% OIL $59.33 À $0.68 GOLD $1,741.50 À $14.50 EURO $1.1874 YEN 109.74 Netanyahu Gets First Bid to Form Coalition, but Path Is Steep Credit What’s News Suisse Hit Hard Business&Finance On Fund redit Suisse reported Ca $4.7 billion hit from the meltdown of Archegos, Debacle slashed its dividend and said its investment-bank- ing and risk chiefs would Swiss bank reports leave the bank. A1 unit lost $4.7 billion, Big companies aremak- ing plans to stick with city- reduces dividend and center officebuildings, but cuts ties with staff they arecutting back on spaceand driving down BY MARGOT PATRICK rent prices foryearsto come,ananalysis shows. A1 Credit Suisse Group AG re- Merchant groups have ported a$4.7billion hit from formed acoalition to push the meltdown of Archegos forstricter antitrust laws, Capital Management,slashed including measures they hope itsdividend and said itsin- could forceAmazon to spin off vestment banking and risk some of itsbusinesslines. B1 OL chiefs would leave the bank. PO S TheSwisslender wasthe Japan’sToshiba said it PRES hardest hit by the collapse late received a proposal for ac- Y/ last month of Archegos,aU.S. quisition from private-equity family investment firm, with firm CVC, adeal that could MOISK LO itsunit that services hedge be valued at morethan KO funds registering the loss.The $20 billion if completed.
    [Show full text]
  • Walmart Waives White Flag in E-Commerce Battle with Amazon
    Walmart Waives White Flag In E-Commerce Battle With Amazon Walmart Buys Jet.com 08 August 2016 By: Michael Moeser Walmart is spending $3 billion in cash plus $300 million in stock to acquire the e-commerce marketplace start-up Jet.com in an effort to reboot its online business - serious money for a company with a market capitalization of $230 billion. So why spend that kind of money on a start-up that has been around for only one year and its founder has told investors that it won’t be profitable until 2020? The answer is quite simple. It’s just three words. Or 3 companies to be exact: 1. Amazon 2. Alibaba 3. Google Plus one important fact – e-commerce will go from a 9.1% share of total retail sales in 2015 to a 12.4% share in 2020. Retail continues to go digital. Brick and mortar continues its death spiral. Amazon. It has gone from just selling books to anything you can buy at Walmart and more. Amazon had revenues in 2015 of $107 billion while investors are giving its stock a market cap of $365 billion, placing it in the top 5 most valuable companies in the U.S. In comparison, “old world, brick and mortar” Walmart had revenues of $482 billion in 2015, yet is valued at far less than Amazon. The internet retailer has launched Amazon Fresh to deliver groceries next day to your home. It also allows you to shop at neighborhood stores, building on the marketplace environment it has fostered on its website.
    [Show full text]
  • Columbia Law School Magazine Fall 2011
    Fromthe Dean On August 19, David M. Schizer, Dean and the Lucy G. Moses Professor of Law, welcomed the incoming class of J.D. and LL.M. students to Columbia Law School. An edited version of Dean Schizer’s welcoming remarks follows. On behalf of the faculty and graduates of Columbia Law School, pant corruption and incompetence, Hughes so wounded the it is my pleasure to welcome all of you. You are a remarkable New York political establishment that he was the only viable group, and we are very proud to have you with us. Republican candidate for governor left standing in 1906. Or [T]he graduates of this law school are among the most at least that was the assessment of Theodore Roosevelt, who distinguished and influential lawyers in the world. You know was two years ahead of Hughes at Columbia Law School. As the names of many of them, but not all. For example, one president of the United States (and as a former governor of of our graduates was governor of New York, a candidate for New York), TR was Hughes’ most influential supporter. When president of the United States, secretary of state, a judge on Hughes later served as chief justice of the Supreme Court from the Court of International Justice in the Hague, and chief 1930 to 1941, his central preoccupation was the legality of the justice of the United States. How many of you can name the agenda of another Columbia-trained lawyer, Franklin Delano graduate I am talking about? Have you heard of Charles Roosevelt, Class of 1907.
    [Show full text]
  • Katzenberg on Weinstein
    For personal non-commercial use only. Do not edit or alter. Reproductions not permitted. To reprint or license content, please contact our reprints and licensing department at +1 800-843-0008 or www.djreprints.com JOURNAL REPORT © 2017 Dow Jones & Company. All Rights Reserved. THE WALL STREET JOURNAL. Tuesday, October 24, 2017 | R1 A SPOTLIGHT ON MEDIA Katzenberg on Weinstein AND TECHNOLOGY The Hollywood icon also talks about his plan to revolutionize TV Some of the biggest names in media and technology as- sembled in Laguna Beach, Calif., last week for The Wall Street Journal’s fourth annual WSJ D.Live conference. The event kicked off with Arianna Huffington, founder of the Huffington Post and Thrive Global, discussing corporate cul- ture issues at Uber Technologies, where she is a director. ‘The problem is Jeffrey Katzenberg, DreamWorks co-founder and partner at there’s a pack of WndrCo, spoke about Hollywood’s “casting couch” problems in the wake of Harvey Weinstein’s downfall. wolves. He is not a Other highlights included Barry Diller, chairman of IAC/ lone actor in this.’ InterActiveCorp, discussing the likelihood of more regulation for tech giants; Marc Lore, Wal-Mart Stores Inc.’s U.S. e- commerce chief, explaining its acquisition strategy; and Peggy Johnson, Microsoft Corp.’s executive vice president of business development, and Jennifer Nason, J.P. Morgan Chase & Co. global chairman of investment banking, talking about the outlook for tech M&A. A trio of venture capitalists—GGV Capital’s Jenny Lee, Y Combinator’s Sam Altman and Section 32’s Bill Maris—fore- shadowed the future of tech investing, and executives in- cluding Intel Corp.
    [Show full text]
  • Ed Rowland: Walmart Enters Omni-Channel Marketing World
    FEATURE Ed Rowland: Walmart enters omni-channel marketing world Walmart has long been a model of bricks & mortar A reorganisation was in order and in June 2019 success, changing the retail landscape in the US, and to Walmart announced that Jet.com was being folded a certain degree across the world. Meanwhile, Amazon into Walmart.com. Joint teams encompassing retail, became the e-commerce equivalent, and more. Amazon technology, marketing, analytics and products will founder Jeff Bezos once famously said that the Prime report to Marc Lore, founder of Jet.com and CEO subscription was an effort to build a moat around of Walmart eCommerce US. Amazon consumers. Slowly, Walmart is starting to attack the e-commerce moat. And there’s a challenge: Amazon In its earlier years, Jet.com recruited healthcare brand continues to build a deeper moat. owners and “didn’t even mention price.” Instead, Walmart took a page out of Amazon’s playbook with an efficiency Make no mistake the present Amazon moat is deep focus by squeezing shipment costs, offering credit card and wide. Walmart is still 10x smaller that Amazon discounts and waiving return charges. In all, Walmart in the e-commerce world, according to eMarketer.com, was building its own Amazon Prime-type moat. but progress is being made. Central to the strategy has been a very targeted “house of specialties” approach Walmart may need a bigger moat; Amazon’s advertising leveraging the September 2016 $3.3bn Jet.com strength has made the task even tougher. Indeed, Walmart acquisition. Jet.com has served as an overall platform.
    [Show full text]