Sprouts’ New CEO, Costco Exits Its Marketplace & Ulta Is Told To Get The Flock Out | Fast Five

In this week’s Omni Talk Retail Fast Five, sponsored by the A&M Consumer and Retail Group, Mirakl, Ocampo Capital, Quorso, Veloq, and R&S Logistics, Shelley Huff is back again, joining Chris Walton for another round of Fast Five fun. The former Serta Simmons CEO and Walmart executive, now CEO and Co-Founder of the Interval, joins Chris to discuss:

• Amazon’s latest limited-time grocery storefront for Labor Day and whether these smaller, occasion-based sales events are smart incremental share-building moves or just a gimmick that doesn’t move the needle. (Source)

• Ulta Beauty’s social media backlash over its use of Flock Safety’s automated license-plate reader technology at a small number of stores, and whether retailers can justify surveillance technology as a tool against organized retail crime while managing the inevitable public backlash. (Source)

• Costco quietly shutting down Costco Next, its member-only online marketplace, and what the move says about the role marketplaces should play in club retail. (Source)

• Sephora piloting a new “Drop Shop” storefront on TikTok Shop, featuring exclusive monthly product drops and livestream shopping events, and why brands may see more opportunity in social commerce than traditional marketplaces. (Source)

• Sprouts Farmers Market naming President and COO Nick Konat as its next CEO as comparable-store sales turn negative, and what his priorities should be as he takes the reins in January. (Source)

The episode isn’t all retail, with Chris and Shelley also talking about Labor Day weekends, Zach Bryan, the movie Obsession, NFL predictions, and why Producer Ella says she’s a marketer’s dream when it comes to finding great products.

Find all of Ella’s Product Picks of the Week here.

P.S. Be sure to check out all our other podcasts from the past week here, too: https://omnitalk.blog/category/podcast/

P.P.S. Also be sure to check out our podcast rankings on Feedspot.

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