{"id":11377,"date":"2024-01-02T07:12:26","date_gmt":"2024-01-02T07:12:26","guid":{"rendered":"https:\/\/dmsretail.com\/RetailNews\/the-modern-retail-podcast-year-in-review\/"},"modified":"2024-01-02T07:12:26","modified_gmt":"2024-01-02T07:12:26","slug":"the-modern-retail-podcast-year-in-review","status":"publish","type":"post","link":"https:\/\/dmsretail.com\/RetailNews\/the-modern-retail-podcast-year-in-review\/","title":{"rendered":"The Modern Retail Podcast year in review"},"content":{"rendered":"<p> <p><a href=\"https:\/\/dmsretail.com\/online-workshops-list\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-496\" src=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png\" alt=\"Retail Online Training\" width=\"729\" height=\"91\" srcset=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png 729w, https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90-300x37.png 300w\" sizes=\"auto, (max-width: 729px) 100vw, 729px\" \/><\/a><\/p><br \/>\n<\/p>\n<div>\n<p>\t\t\t\t<iframe loading=\"lazy\" frameborder=\"0\" height=\"200\" scrolling=\"no\" src=\"https:\/\/playlist.megaphone.fm?e=DIGI9957212369\" width=\"100%\"><\/iframe><\/p>\n<p style=\"font-style: italic; font-size: 1.1rem; text-align: right;\">Subscribe: Apple Podcasts \u2022 Stitcher \u2022 Google Play \u2022 Spotify<\/p>\n<p>The retail world changed a lot in the last twelve months.<\/p>\n<div id=\"piano-cta\">\n<p>Some companies launched, others went bankrupt. Several brands expanded while more than a few contracted. This week on the Modern Retail Podcast, we decided to look back at the biggest themes we observed this year.<\/p>\n<p>Host Cale Guthrie Weissman is joined by senior reporters Melissa Daniels and Gabriela Barkho. The three discuss major trends they saw in 2023 and what it means for the year to come. These include the rise in retail bankruptcies, the current state of venture capital and payment trends on the horizon.<\/p>\n<p>While we don\u2019t have a crystal ball, we do have data from the past year to inform insights about the next twelve months.<\/p>\n<p>Here are a few highlights from the conversation, which have been lightly edited for clarity.<\/p>\n<p><strong>A year of bankruptcies<\/strong><br \/>Daniels: \u201cThe story of the modern bankruptcy can really be told through the lens of the Bed Bath &amp; Beyond story. That was a company that struggled, became a meme stock for a minute and then eventually filed for Chapter 11 \u2014 only to see its IP being bought [up] by competing brands who are now reinvigorating Bed Bath &amp; Beyond and its other partner brand, Byebye Baby, under new ownership.\u201d<\/p>\n<p><strong>A slower year for raising money<\/strong><br \/>Barkho: \u201cThe only exceptions I can think of since pretty much a year ago, December 2022, have been these pretty buzzy brands \u2014 your Poppis, your Goodles of the world. They have these big celebrity backings, they\u2019ve been able to raise those double-digit Series A and even Bs in some cases. But for the most part, the announcements have been pretty small. One thing I hear is [that] maybe some of them are just too small to even announce \u2014 like angel rounds. I won\u2019t name the startup, but one of them just announced like a $500,000 angel round, which, relatively speaking, feels small. But I think if you\u2019re a bootstrapped one- to two-person company, that could be what takes you to the next phase \u2014 or [helps you] to survive in the next 12 to 18 months.\u201d<\/p>\n<p><strong>A focus on loyalty programs<\/strong><br \/>Daniels: \u201cAnother thing I think is going to be big \u2014 and this is sort of payments adjacent \u2014 [is] loyalty and loyalty in payments and loyalty to the brands. They\u2019re connecting your rewards to how you pay. [That\u2019s] something like we\u2019re going to give you credit for how much you buy. I even see brands [offering that] if you recycle your textiles [you] get credit to spend somewhere else, because you\u2019re loyal to that recycling program. So there are all these different ways that we\u2019re coming up to pay that aren\u2019t necessarily your hard-earned cash, but a more loyalty-earned type of payment and credit.\u201d<\/p>\n<p><strong>TikTok grows up<\/strong><br \/>Barkho: \u201cTikTok Shops is now officially a thing that launched earlier this fall \u2014 and it seems like a lot of brands are at the very least trying to figure it out. So TikTok is definitely here to stay and I think we\u2019re probably past that Wild West [era] where brands could just go viral for free and make a bunch of sales.\u201d<\/p>\n<\/div><\/div>\n<p><p><a href=\"https:\/\/dmsretail.com\/online-workshops-list\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-496\" src=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png\" alt=\"Retail Online Training\" width=\"729\" height=\"91\" srcset=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png 729w, https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90-300x37.png 300w\" sizes=\"auto, (max-width: 729px) 100vw, 729px\" \/><\/a><\/p><br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Subscribe: Apple Podcasts \u2022 Stitcher \u2022 Google Play \u2022 Spotify The retail world changed a lot in the last twelve months. Some companies launched, others [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11378,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-11377","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-podcasts"],"_links":{"self":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts\/11377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/comments?post=11377"}],"version-history":[{"count":0,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts\/11377\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/media\/11378"}],"wp:attachment":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/media?parent=11377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/categories?post=11377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/tags?post=11377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}