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The kind of Legacy vendors that have been known for these retail media networks like citrus add which is owned by my parent company and then pretty oh but there were also, 37 startups that were you know launching new businesses to help either retailers, manager retail media Network or Brands advertised on a retail media Network so. [20:30]
Episode Summary: In this episode, Jason “Retailgeek” Goldberg and Scot Wingo dive deep into Amazon’s first quarter results for 2024, analyzing the company’s performance in various segments such as retail, offline and online sales, marketplace, AWS, and advertising. I’ll be doing store visits in all those cities.
32:56] They’re moving they didn’t say numbers but in my mind, they were like a twelve thousand SQ grocer and Kroger is like a 20,000 SQ grocer so they’re there it sounds like they’re moving up to that 20,000 skus. [33:10] 24:03] Buy them from Google for 20 billion dollars.
That works those cohorts stick and then they can work on the economics because that’s gonna bring more advertisers per order because the more average more orders and more. GTV is going to bring more cpgs in that want to advertise against that then you could argue accelerating Revenue growth accelerating profitable unit economics.
That’s a pretty big shot you know most most Grocers are doing these like 224 our windows, um and they’re complaining about sales being wildly unprofitable and so for Kroger to you know who like hasn’t had an awesome service level before to say hey we’re going to deliver in 30 minutes is, it’s an interesting promise I.
Scot: [50:37] Yeah I had a drop cam and I can never get the nest thing took over and. So I did a test order and exactly like wish the promise ship date was like 21 days. So instacart launched a whole sort of portfolio that they call the connected stores which are kind of all these back at back of house. [9:02]
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