What Just Happened

In this podcast episode, Christine Russo welcomes New York State Senator Jessica Scarcella-Spanton, who has been voted the 2023 Staten Island Power 100. Senator Scarcella-Spanton's bill is aimed at making assaults on retail workers a Class D felony. This is for all retail workers; however, at the heart of it, is the small business. The Senator shares the inspiration behind the bill, recounting an incident during her campaign where a deli worker was assaulted during a robbery. She collaborated with a group called C.A.P.S. (Collective Action to Protect Our Stores) to address the increasing concern of assaults on retail workers across New York State. The proposed legislation seeks to make assaulting a retail worker a Class D felony, aligning them with other frontline workers' protections. The Senator emphasizes the importance of safeguarding those who were deemed frontline workers during the pandemic, drawing parallels to protections already in place for bus drivers and other essential workers. Additionally, the podcast touches on a broader legislative approach to address organized retail crime, including bills targeting repeat shoplifting offenses and the sale of stolen goods online. The Senator emphasizes the need for nuanced solutions and an educational campaign to deter potential offenders. Listeners are encouraged to visit Senator Scarcella-Spanton's Senate website and social media for more information and support for the proposed legislation. https://www.nysenate.gov/senators/jessica-scarcella-spanton Bill: https://tinyurl.com/fb3dphcx @nysenator_jss

In this interview with Assemblyman John McDonald on "What Just Happened," the focus is on his bill addressing organized retail crime in New York. The bill proposes the creation of a retail organized crime task force, acknowledging the widespread issue of organized retail theft, amounting to $100 billion nationally and $4.4 billion in New York alone. The task force, with a bipartisan composition, aims to bring together various stakeholders, including representatives from the governor's office, Retail Council, Retail and Wholesale Union, and law enforcement, to collaboratively address the problem.Assemblyman McDonald emphasizes the impact of organized retail theft on businesses, taxpayers, and employees, underscoring the need for a comprehensive approach. The bill seeks to bridge the gap between different levels of government and stakeholders, fostering communication and cooperation to find effective solutions. McDonald also addresses concerns about the urgency of action and the potential effectiveness of proposed measures, highlighting the importance of evidence-based decision-making.The fate of the bill hinges on Governor Hochul's decision to sign it by the week, with McDonald advocating for a thoughtful and comprehensive approach to address organized retail crime in the state.

In this episode of "Fad, Trend and Strategy on What Just Happened," Christine Russo hosts David Marcotte from Kantar Consulting and James Tenser from VSN Media to discuss various trends and strategies in the retail and supply chain industry. The conversation begins with a focus on the challenges in the supply chain, particularly the impact of weakened demand. David Marcotte highlights the ongoing chaos in the supply chain, attributing it to unexpected disruptions like the Panama Canal issues. He emphasizes the return of challenges similar to those faced two years ago, with disruptions in rail, seaports, and altered supply chain timelines. The discussion then shifts to the failure of the trend towards digitalization of the supply chain, with various solutions, including blockchain, not living up to expectations. The persistence of paper-based documentation and a lack of trust in digital solutions are identified as obstacles. Russo steers the conversation to delve into the issues of sustainability regulations in the apparel industry, pointing out the contrast between genuine efforts and challenges in implementing effective controls across the supply chain. The conversation touches upon the lack of uniform regulations and the need for companies to stand up and enforce ethical practices. The episode concludes with a discussion on the concept of near shoring as a strategy to address supply chain challenges. Tenser sees it as a moderate trend that gained traction in response to lessons learned from the early days of COVID-19 disruptions. The hosts express varying views on the effectiveness of near shoring, emphasizing the need for a more resilient and adaptable supply web. The conversation also briefly explores the concept of "Just Walk Out" technology, considering it a fad in certain contexts, while self-checkouts are viewed as a growing trend with potential iterations to come. The hosts touch upon concerns related to organized retail crime, changes in retail store structures, and the potential shift towards a membership-based system. In the end, Christine Russo thanks the guests for their insights, highlighting the engaging and informative nature of the discussion, and expressing her desire to continue such conversations in the future.

In this conversation between Christine Russo and Giovanni Zaccariello, Giovanni discusses the Coach's approach to physical experiences and emphasizes the importance of localization, adapting formats for different regions, and using modularity to design for longevity. Giovanni provides examples, such as the Tabby pop-ups and the Coach Play stores, where experimentation and testing of new ideas occur. Giovanni elaborates on the Coach Play stores' purpose as testing grounds for new concepts, emphasizing the importance of community engagement and localized experiences and highlights the success of Coach Play stores in terms of increased traffic and extended customer stay. The discussion also touches on Coach's celebrity endorsements and a "constellation approach,". Christine draws parallels to the beauty industry's strategy. Giovanni explains the uniqueness of Coach Play stores, their flexible design, and the emphasis on creating a central community hub. Giovanni addresses sustainability within the brand, detailing initiatives like Tomorrow's Vintage, Coach Reloved, and Coachtopia. He shares the brand's circular ecosystem in Coachtopia, where stores are made from scrap materials, creating a unique and sustainable retail experience. Lastly, the conversation explores Coach's approach to apparel and its regional variations. Giovanni explains how the brand balances its core identity as a handbag company while expanding into other categories like apparel and footwear based on regional preferences. He also highlights the importance of omni-channel strategies, especially during the pandemic, and the success of live streaming in China. In summary, the conversation provides insights into Giovanni's role, Coach's innovative approaches to physical experiences, sustainability efforts, and the brand's strategic expansion into different product categories and regions.

In this discussion, Christine Russo hosts Andy Lautato, COO of The Vitamin Shop, and Chris Silver, a Customer Technology Executive, to explore various topics within the retail industry. Both Andy and Chris bring valuable insights from their extensive experience, emphasizing the significance of understanding the retail environment and the challenges faced by employees in stores. They underscore the idea that success in the retail sector hinges on empathizing with the team, listening to their experiences, and recognizing the integral role of the people within the organization. One central theme that emerges is the importance of agility and adaptability. Both guests acknowledge the rapidly changing landscape of the retail industry and advocate for being responsive to customer needs and market trends. They highlight the need for flexible strategies that can evolve with the business. Andy and Chris argue for the incorporation of innovation throughout the company, as opposed to isolating it within a separate department. They suggest that fostering a culture where innovation is part of everyone's role, alongside embracing risk-taking and learning from failure, can lead to successful, continuous innovation. Moreover, the discussion highlights the power of leveraging the wealth of knowledge and experience within the organization. Chris shares examples of how some of the most innovative ideas at Urban Outfitters originated from employees working on the front lines. These individuals, with their deep understanding of the business's daily operations, were best positioned to identify areas for improvement and innovation. By involving employees from various departments and actively listening to their insights, companies can harness the creative potential of their workforce and drive meaningful change. In conclusion, the conversation underscores the vital role of employees and team collaboration in shaping a company's strategies and success within the ever-evolving retail landscape. It highlights the need for a dynamic and adaptive approach to meet customer demands and adapt to changing industry trends while maintaining a strong focus on the people who drive the business forward.

In this conversation between Christine Russo and Barbara Thau, Editorial Director at Co. by the U.S. Chamber of Commerce, Barbara discusses her publication's unique approach to journalism and their focus on small businesses. Co. by the U.S. Chamber of Commerce is an independent publication, separate from the Chamber itself, and it emphasizes providing insights and support to small businesses. Barbara highlights their recent achievement of hosting the first America's top small business gala, with thousands of applicants, regional finalists, and one winner. She also mentions a panel discussion with Meta and Walmart on how large businesses are supporting small businesses in scaling, reflecting a broader industry trend of big businesses seeking growth through partnerships with small businesses. Barbara elaborates on how platforms like Walmart and Meta are providing opportunities for small businesses to grow by leveraging their resources and ecosystems. These platforms offer marketing, marketplaces, and other tools for small businesses to expand. She also notes the changing dynamics in the retail industry, with a focus on local and small businesses becoming increasingly popular, especially in light of the pandemic. Finally, Barbara discusses her role in bridging the gap between big and small businesses, sharing insights from executives of large companies to help small businesses learn and compete effectively in the market. In summary, Barbara Thau and Co. by the U.S. Chamber of Commerce are dedicated to supporting small businesses and promoting their growth by facilitating connections with major corporations and sharing valuable insights on the evolving business landscape, particularly in the retail industry.

In this conversation between Christine Russo and Simeon Siegel, they discuss various aspects of the retail industry, particularly its presence in the stock market. Siegel emphasizes the importance of agreement between retailers and consumers regarding service and value.Siegel also delves into the concept of gross margin as a measure of a brand's health and value, contrasting it with revenue. He discusses the challenges of publicly traded retail companies, which are heavily influenced by consumer spending, and highlights the need for a balance between short-term and long-term financial strategies.Furthermore, the conversation touches on distribution strategies, with Siegel advocating for the importance of wholesale and the need to carefully consider various channels for reaching customers. Overall, the discussion centers around the dynamics of the retail industry and its complex relationship with the stock market.

On What Just Happened Managing Director of International Association of Department Stores - IADS (International Association of Department Stores) Selvane Mohandas du Ménil and I discuss the history and transformation of department stores. He highlights how IADS started as a research-focused organization in the 20th century but adapted to modern challenges by transitioning from being a club to a more practical and relevant tool for its members. Salvane emphasizes the importance of collaboration among department stores globally, addressing common challenges, and staying ahead of industry trends. He also touches on the role of technology and the challenges and opportunities department stores face in the ever-changing retail landscape, emphasizing the need for a clear purpose and a strong digital presence. Selvane also discussed the concept of an omnichannel strategy, where physical flagship stores remain at the core of an ecosystem while leveraging digital tools and channels for enhanced customer engagement. Overall, Selvane's insights revolve around the transformation and adaptation of department stores in response to modern retail challenges, focusing on the importance of clear purpose, collaboration, and a strong digital presence.

Christine Russo hosts a podcast, "What Just Happened," discussing the distinctions between fads, trends, and strategies in retail, with guests Brandon Real and Michael Zakkor. A fad is seen as observational, something seemingly worth following due to its popularity. Trends are analytical, requiring consideration on their integration and potential impact on operations. Strategies are integrations that have tangible results and drive innovation in retailing practices. A significant focus is placed on how these concepts influence retail innovations, with discussions on the operationalization of these innovations and their actual impact on retail businesses, emphasizing the importance of tangible results. The conversation evolves around recognizing innovations worth integrating and identifying those merely riding the wave of popularity, without significant value. The discussion digs deeper into the evolution of retail practices, examining various aspects such as live shopping, unionization, loyalty programs, and the increasing importance of immersive commerce and shoppable content, given that 83% of all internet content consumed is video. The conversation underscores the significance of companies' operational adaptability and the effectiveness of their back-end infrastructures to meet real-time demands. It addresses the implications of unfulfilled promises post-pandemic and delves into the pressing issue of income disparity, with the stark contrast between CEO pays and frontline workers becoming more pronounced. The dialogue wraps up focusing on the value and execution of loyalty programs, stressing the importance of brands maintaining promises and the necessity of execution in maintaining consumer relationships. The interaction between the host and guests offers nuanced insights into the dynamic world of retail, hinting at the necessity for adaptability, consumer loyalty, and innovation in sustaining relevancy in the market. Thank you to guests: Brandon Rael: https://www.linkedin.com/in/brandonrael/ Michael Zakkour: https://www.linkedin.com/in/michael-zakkour-150b865/

Arnie Cohen, CEO of J. Peterman, was welcomed to discuss the transformation of the company's operations and the resurgence of catalog marketing. Cohen spoke about his time at J. Crew and how the experiences and mentorship he received there helped shape his career and influence his leadership and mentoring roles today. He highlighted the significance of catalogs in the current retail environment, citing their essential role in the brand and product messaging. He believes in the 360-ecosystem, where brands need to dynamically impart their messages and offerings to customers as they like and prefer. The discussion also shed light on the constant evolution in the consumer-retail relationship, emphasizing the resurgence of catalogs as an essential medium for brands to impart their brand messages and product offerings. Even in an age dominated by digital media, catalogs have maintained their significance, offering a tactile experience to consumers and serving as reliable, tangible reminders of a brand's offerings. The conversation transitioned to more operational aspects, with Cohen elucidating on the changes and improvements made in J. Peterman's warehouse operations and the incorporation of Cart.com into their tech stack. He detailed the challenges encountered during this transition, including labor and system upgrades, and the practical solutions provided by Cart.com's technological infusion, which drastically improved efficiency, reducing labor requirements and increasing order processing speed. Cohen emphasized the hybrid model proposed by Cart.com, which allowed J. Peterman to maintain their warehouse while implementing Cart.com's systems and processes. This resulted in increased efficiency and reduced costs, allowing J. Peterman to focus more on enhancing their service levels and customer relationships. Arne ended the conversation by reflecting on the industry's challenges, the continuous need for adaptation and innovation, and his optimistic outlook on leveraging technology to enhance operational efficiency and customer satisfaction.