The Modern Retail Podcast Target CEO out, Amazon doubles down on grocery, and Bullish's Mike Duda on scaling founder-led brands
Aug 23, 2025
Mike Duda, an investor at Bullish with expertise in early-stage consumer brands, joins the discussion. They delve into Target's CEO transition and its implications amid a shifting retail landscape. Duda shares insights on the challenges facing startups, such as fundraising in a tight market and innovative marketing strategies. He emphasizes the importance of reducing reliance on costly digital advertising. The conversation also highlights Amazon's grocery advancements and the effects of changing consumer sentiment on retail brands.
AI Snips
Chapters
Transcript
Episode notes
Target's Troubles Are Multi-Factored
- Target's recent sales drop and store issues reflect a mix of tariffs, boycotts, and messy in-store execution.
- Board changes alone likely won't fix traffic loss without operational and assortment improvements.
Boycott Is Hitting Loyalty Hard
- The ongoing DEI-related boycott has meaningfully reduced Target foot traffic and can't be dismissed as a short blip.
- Many loyal customers now prefer alternatives aligned with their values, prolonging the recovery challenge.
Amazon Re-Ups Grocery With Same-Day Push
- Amazon is doubling down on grocery with free same-day fresh delivery to 1,000+ cities and plans for 2,300 areas.
- Grocery remains low-margin and operationally complex, so success depends on logistics and integration with Whole Foods.