The Prof G Pod with Scott Galloway Prof G Markets: Target and Walmart Earnings, Hedge Funds and Pinterest, and Estée Lauder Buys Tom Ford
15 snips
Nov 21, 2022 
Ed Elson, a savvy media analyst known for his market insights, joins to discuss contrasting earnings from Target and Walmart, with Target's struggles in brand strategy taking center stage. They dive into the intriguing surge of hedge funds investing in Pinterest and whether typical investors should care about their moves. Additionally, they explore Estée Lauder's bold $2.8 billion acquisition of Tom Ford, discussing its implications for the luxury market and providing valuable advice for entrepreneurs considering when to sell their businesses.
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Walmart's Winning Strategy
- Walmart's recent success is partly due to its product mix focused on groceries.
- This focus is advantageous during inflation as consumers prioritize essential spending.
CEO Blame Game
- CEOs often attribute success to their strategies but blame external factors for failures.
- Scott Galloway points out this tendency, suggesting Target might be overstating the impact of theft.
Target's JetBlue Model
- Target should emulate JetBlue's strategy of offering value with added appeal instead of competing directly with Walmart on price.
- Target can leverage its existing strengths in store experience and brand curation to differentiate itself.