48 min listen
An Insider's View of Retail Venture Capital with XRC Labs' Al Sambar
An Insider's View of Retail Venture Capital with XRC Labs' Al Sambar
ratings:
Length:
43 minutes
Released:
Dec 13, 2022
Format:
Podcast episode
Description
With the penultimate episode of Season 5 we pause briefly to celebrate reaching our 100th episode milestone, before taking an insider's view of the dynamic world of retail tech and consumer investing with Al Sambar, a deeply experienced industry executive who now serves as a General Partner at XRC Labs.We get a fast-paced primer on how venture capital works and XRC's particular focus on early stage investing. Al helps us understand the process for discovering and sorting through those start-ups with the greatest disruptive potential before getting a behind the scenes view of how XRC's investment thesis has evolved over the years. We then take a look ahead at what trends will shape retail innovation in the future, with key take-aways for retail executives, budding entrepreneurs, and venture capital investments.But first we dip into the week in retail news, including how the holiday season seems to be unfolding, perhaps to a game of what Michael calls "discount chicken." We make a return trip to the Wobbly Unicorn Corner and news of some serious stumbling as well as promising signs from the likes of Stitch Fix, Rent the Runway, Chewy, Blue Apron, and Getir. We close highlighting the remarkable results from Lululemon and the staggeringly high valuation of Fanatics.Catch Steve and Michael at NRF's Big ShowAbout AlAs XRC Labs’s General Partner, Al Sambar leads business strategy and development for the NYC tech accelerator. A leader in innovation, Al previously held the role of Managing Director at Kurt Salmon’s North American Retail and Consumer Group. For more than 20 years, Al has been providing retailers and consumer companies with strategic planning, organizational design, consumer insights and operating performance improvement services, with deep specialization in omni-channel retailing and global brand management. About UsSteve Dennis is an advisor, keynote speaker and author on strategic growth and business innovation. You can learn more about Steve on his website. The expanded and revised edition of his bestselling book Remarkable Retail: How To Win & Keep Customers in the Age of Disruption is now available at Amazon or just about anywhere else books are sold. Steve regularly shares his insights in his role as a Forbes senior contributor and on Twitter and LinkedIn. You can also check out his speaker "sizzle" reel here.Michael LeBlanc is the Founder & President of M.E. LeBlanc & Company Inc and a Senior Advisor to Retail Council of Canada as part of his advisory and consulting practice. He brings 25+ years of brand/retail/marketing & eCommerce leadership experience, and has been on the front lines of retail industry change for his entire career. Michael is the producer and host of a network of leading podcasts including Canada’s top retail industry podcast, The Voice of Retail, plus Global E-Commerce Tech Talks , The Food Professor with Dr. Sylvain Charlebois and now in its second season, Conversations with CommerceNext! You can learn more about Michael here or on LinkedIn. Be sure and check out Michael's latest venture for fun and influencer riches - Last Request Barbecue, his YouTube BBQ cooking channel!
Released:
Dec 13, 2022
Format:
Podcast episode
Titles in the series (100)
The Customer is the Channel with guest Rob Mills, EVP, Chief Technology, Digital Commerce and Strategy Officer at Tractor Supply Company: “Silos belong on farms.” - Bob Thacker, former, Sears VP Marketing We're moving on to the 3rd of the "8 Essentials of Remarkable Retail": Harmonized, which revolves around the idea that we must drop our channel-centric thinking, processes and metrics, embrace the blur that is shopping today and see the customer as the channel. "Harmonized" retail moves us beyond omni-channel. It's not about being everywhere--or simply providing a seamless experience--we have to show up in remarkable ways in those moments that matter the customer journey. When we not only resolve discordant notes, but focus on "amplifying the wow" in our customer's experience, we can orchestrate an intensely relevant and memorable set of outcomes. With our special guest, Rob Mills, part of the senior leadership team at Tractor Supply Co. we talk about the success Tractor has had d by Remarkable Retail