What Makes Walmart Unstoppable? The Retail Empire Reinventing Itself | Reimagining Retail

Summary

Behind the Numbers: What Makes Walmart Unstoppable? The Retail Empire Reinventing Itself

Episode Title: What Makes Walmart Unstoppable? The Retail Empire Reinventing Itself | Reimagining Retail
Release Date: July 2, 2025
Host: Sara Lebo
Guests: Susie David Canyon, Rachel Wolfe

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Introduction

In this engaging episode of EMARKETER's "Behind the Numbers" podcast, host Sara Lebo delves into the formidable rise of Walmart as a retail giant in 2025. Joined by regular contributors Susie David Canyon and Rachel Wolfe, the discussion explores Walmart's strategic maneuvers, technological advancements, and competitive differentiation that have solidified its position in the ever-evolving retail landscape.

Walmart vs. Amazon: Pricing Strategies and Market Influence

The conversation begins with an analysis of Walmart's recent announcement regarding potential price increases due to tariffs—a move that garnered significant attention.

Rachel Wolfe highlights the strategic timing and implications of Walmart's statement:

“They said this right after Amazon got a lot of flack from President Trump for saying, not even saying, but having a possible plan to display tariff increases on one of their marketplaces. So, you know, the fact that Walmart was open about saying that tariffs would raise prices was notable in that sense.”
[02:13]

Walmart's pricing power is emphasized as a barometer for the broader retail industry:

“Walmart has arguably more pricing power than any other retailer out there. So if they're raising prices, then you can expect most of the retailers to follow suit.”
[02:13]

Differentiating from Competitors: A Multifaceted Approach

Sara Lebo probes into how Walmart stands out amidst rivals like Amazon, Target, and Costco. Susie David Canyon elaborates on Walmart's expansive strategy:

“They compete with everybody from, you know, Home Depots of the world to grocery chains to Amazon. Their membership program, strong private labels, efficient delivery, financial services, and even TV—it's just the list goes on.”
[02:45]

Rachel Wolfe adds that Walmart is shifting to attract a more economically diverse audience, including high-income earners:

“Their fastest growing cohort for the past few quarters has been that high income earner. They are really targeting that consumer with a broader assortment of higher end goods.”
[04:44]

Harnessing Data and Technology for Competitive Edge

A significant portion of the discussion centers on Walmart's data capabilities and technological innovations. Susie David Canyon presents a "pie chart" metaphor to dissect Walmart's success drivers, allocating 50% to data capabilities:

“Their data capabilities... includes their membership program, omnichannel experiences, vast SKU categories, and retail media components.”
[06:24]

Sara Lebo underscores the importance of Walmart's ability to attribute media spend to in-store sales, a challenging feat in retail media:

“Walmart's strength is in its giant footprint, which means it needs to be able to attribute its media dollars to in-store sales. That can be really difficult.”
[07:54]

Innovative Delivery Systems and Consumer Convenience

Rachel Wolfe delves into Walmart's advancements in delivery logistics, particularly the use of advanced geospatial technology:

“They divided geographical areas into hexagonal grids to optimize delivery, increasing access to faster delivery for 12 million more customers.”
[16:32]

The potential of drone delivery is also discussed, albeit with skepticism:

“I'm skeptical. I think that it has its uses, like parents running out of diapers, but in the grand scheme, will drone delivery be a regular part of people's lives? I don't think so.”
[18:17]

Retail Media and Strategic Acquisitions

Walmart's position as the second-largest retail media business in the U.S. is a key highlight. The acquisition of Vizio is examined for its role in expanding Walmart's media capabilities:

“Walmart bought Vizio, a CTV manufacturer, which enhances their retail media business by unlocking more engaged CTV ads and in-store advertising opportunities.”
[19:28]

AI and Technological Enhancements: Sparky and Beyond

Susie David Canyon discusses Walmart's AI initiatives, particularly the introduction of "Sparky," a consumer-facing AI assistant:

“Sparky... helps with reordering, tracking, recommendations, and understanding customer context, which is a game changer.”
[14:21]

Rachel Wolfe contrasts Sparky with Amazon's Rufus, emphasizing its broader utility:

“Sparky is positioned as a general assistant, allowing customers to ask anything and integrating seamlessly with the shopping experience.”
[15:27]

Strategic Partnerships and Future Outlook

The importance of strategic partnerships is underscored by Rachel Wolfe, who cites Walmart's collaboration with American Express Platinum as a pivotal move to access new customer bases:

“Partnering with American Express Platinum helped Walmart gain access to an entirely new customer base that they were under indexing with before.”
[23:40]

Susie David Canyon offers actionable insights for other retailers:

1. Lean into Core Strengths: “Don't sacrifice the things that are adjacent to what you're good at.”
   [21:10]
2. Listen and Adapt: “Analyze data, understand shifting patterns, and pivot where necessary.”
   [21:32]
3. Experiment Fearlessly: “Experiment across every business unit and don’t penalize for failed attempts.”
   [22:49]

Conclusion: The Unstoppable Walmart

As the episode wraps up, it becomes evident that Walmart's relentless pursuit of innovation, strategic use of data, and expansive footprint are key to its unstoppable momentum in the retail sector. The discussions provide a comprehensive look into how Walmart continues to reinvent itself, setting benchmarks for competitors and shaping the future of retail.

Sara Lebo closes with a nod to future episodes and the ongoing journey of Walmart as a retail powerhouse:

“Thank you to our listeners and to our team that edits the podcast. We'll be back next Wednesday with another episode of Reimagining Retail.”
[24:28]

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Key Takeaways

• Pricing Power: Walmart's ability to influence pricing across the retail industry underscores its dominant market position.
• Diverse Competition: Competing across various retail segments allows Walmart to capture a broad customer base.
• Data Utilization: Advanced data capabilities drive personalized experiences and effective retail media strategies.
• Technological Innovation: AI initiatives like Sparky and delivery optimizations are central to Walmart's operational efficiency.
• Strategic Partnerships: Collaborations with entities like American Express enhance Walmart's reach and customer engagement.
• Adaptability: Walmart's willingness to experiment and pivot ensures its continued relevance and growth in a dynamic market.

This episode offers invaluable insights for marketers, retailers, and advertisers aiming to understand the strategies that keep Walmart at the forefront of the retail landscape.

Transcript

[Sara Lebo]

This episode is made possible by Quad. In marketing, everything must work seamlessly or efficiency, speed and ROI all suffer. That's why Quad is obsessed with making sure your marketing machine runs smoothly with less friction and smarter integration. Better marketing is built on Quad. See how better gets done at www.quad.com buildbetter. Hello, listeners. Today is Wednesday, July 2nd. Welcome to behind the Reimagining Retail Marketer podcast made possible by Quad. This is the show where we talk about how retail collides with every part of our lives. I'm your host, Sara Lebo. Today's episode topic is Walmart in 2025. Before we get into that, let's meet today's guests. Joining me for today's episode, we have two regulars. First up, it's Susie. David Canyon. Hey, Susie.

[Susie David Canyon]

Hey, Sarah.

[Sara Lebo]

Also with us, another regular, Rachel Wolfe. Hi, Rachel.

[Rachel Wolfe]

Hey, how you doing?

[Sara Lebo]

Good. Okay, let's jump in. Walmart turned 63 today. So we're going to talk about Walmart. We're also just a few days out from both Walmart and Amazon's summer sales prime for Amazon. Prime's actually turning 10 this year. And Walmart deals for. Well, you can guess who that is. For Walmart deals comes a couple of months after the company made headlines for saying that it may raise prices due to tariffs. Why was it such a big deal that Walmart made this statement that they might raise prices?

[Rachel Wolfe]

Well, I think there's a few factors, right? One is the timing. They said this right after Amazon got a lot of flack from President Trump for saying, not even saying, but having a possible plan to display tariff increases on one of their marketplaces. So, you know, the fact that Walmart was open about saying that tariffs would raise prices was notable in that sense. And also, you know, it's just a barometer for the broader retail industry. Walmart has arguably more pricing power than any other retailer out there. So if they're raising prices, then you can expect most of the retailers to follow suit.

[Sara Lebo]

Yeah, Walmart also, like, potentially has some political sway. I mean, they do have some political sway. They're huge. So the fact that they made that statement showed that some confidence in them wanting to make a statement about tariffs. I started this episode comparing Walmart and Amazon, or at least naming them next to each other. We've also talked in recent podcasts about other competitors like Target and Costco. Is Walmart successfully differentiating itself from its rivals? Susie, why don't you take this one first?

[Susie David Canyon]

I think so. I mean, I think just by their sheer volume and the Fact that they're trying to do so many different things under one brand and that they have like you had used Amazon. But I think they compete with everybody from, you know, Home Depots of the world to grocery chains to Amazon. Their new sort of not so new foray into higher end and into fashion. We'll have them pitted against department stores. I think they're at this intersection of so many different categories all in one place and then tied to that they have the membership program that they're working through. They have a really strong private label that, that in and of itself differentiates them and drives traffic and they're working out the delivery and how to do the last mile in a really efficient way. Plus they have financial arm and TV and it's just the list goes on and on around how they are so much more complete as a organization than many others.

[Sara Lebo]

Yeah, I mean as Target consumers and maybe consumers elsewhere get a little tired of both high prices and then like varied stances from Target, Walmart is taking steps to sort of attract those customers. Now Walmart doesn't make political statements that are any more attractive to say like a liberal customer than targets are, but it does tend to have lower prices or at least the appearance of lower prices. And through private label it's been launching a lot of products that attract the maybe slightly higher end Target shopper.

[Rachel Wolfe]

Yeah, I think it's been a really interesting shift, right, to see how Walmart is bringing in a more economically diverse, I suppose, audience. Their fastest growing cohort for the past few quarters has been that high income earner. And so as Susie said, they are really targeting that consumer with, you know, a broader assortment of higher end goods. Like they just partnered with Rebag so you could buy Hermes bag off of Walmart if you so chose.

[Susie David Canyon]

And I also think, you know, in addition to all of the things that we're talking about, they are really thinking about the customer journey from end to end. Right. So not only how do they get you into the fold, how do they keep you, how do they deliver to you, you and then how do they get you to come back? It helps that they have such a strong hold in grocery and pharmacy. Right. And these are very high purchase frequency, high intent, sort of in some ways because you're, you're going in with a purpose but you're also, they're lower price points so you're also open to be swayed into other brands potentially. But that makes it so much stickier. And they have fuel, I mean they're just endless.

[Sara Lebo]

Fuel's a Big one.

[Susie David Canyon]

Yeah. Doing things to keep people in the fold that they already have and then to get new people with things like Rebag, as Rachel was saying.

[Sara Lebo]

Yeah. I mean, this won't surprise people, but on a day you're fueling up, you're also likely to visit retailers. You're already out and about and you're already spending money. You're likely fueling up as part of a shopping trip. So attaching fuel to a retailer is a great bet. Walmart also has been doing a lot with pet. Susie, I think two years ago you predicted Walmart would lean into pet, and then they did. Am I making that up?

[Susie David Canyon]

I mean, I wouldn't be surprised.

[Sara Lebo]

I feel like I, I think you did that on the podcast.

[Susie David Canyon]

Predictions Circus would not agree. But when Starbucks does have a stablecoin that they launched, be ready. You heard it here first.

[Sara Lebo]

For more on that, listen to the rest of the episodes of the behind the Numbers podcast. But zooming back in on Walmart, we've talked about a lot of different corners of their business. If you were to make a pie that just, that describes what drives Walmart's success, what ingredients would you include and what percentage of each ingredient?

[Susie David Canyon]

I don't mind going first. I have to announce that in true Suzy fashion, I may have taken this in a slightly different direction. Are you making a pie? No, no, I'm still making a pie. I just changed my ingredients to be a little bit more inclusive. So my 50% is their data capabilities. And that's everything from the membership program to how they have so many omnichannel experiences so that they can connect the dots between your in store and online experience, the sheer number of categories and SKUs. I mean, I could go on and on about how much data they're getting from us, but they're also using that data to then refuel back into their system. Right. The retail media component, where they're making, you know, high margin dollars on our data in some ways, if you will. They're using the data to then think about membership components. They're using it to personalize and make recommendations and get us back into their fold. So that was, for me, 50%.

[Sara Lebo]

Yeah. Before you jump into the second half of the pie, I just want to like point out how important that is specifically for Walmart. Walmart's strength, you might be about to say this. Walmart's strength is in its giant footprint, which means it needs to be able to attribute its media dollars to in store sales. That can be really difficult. It can be really difficult. As a retail media business to prove what ads online drove sales in store. And so it's very important that Walmart has that data and that capability. Yes, give me the rest of your pie.

[Susie David Canyon]

So okay, so in addition to data and my 30% is on the tech component. They have a really, really strong technology group and I know they've had some ups and downs in that group but they are able to harness technology to make a really like to think about the consumer experience and the workplace workforce experience in a different way. They're able to make everything feel and seem smoother for on the corporate side, in the store side, on the distribution side, I think they're also using a lot of robotics. We're going to talk a little bit later about their delivery which is all tech related. Their checkout free stores. I think they're spending a lot of time leaning into technology and so that's the 30% and then I have 20% for. I think they're always willing to take a risk and pivot. So you know they're trying live stream shopping. It doesn't always worked. They're trying it in different ways. They tried that rom com. Remember when we talked about it with Blake where it was like shoppable media. They've tried to do flash.

[Sara Lebo]

I forgot about that.

[Susie David Canyon]

Yeah, they really try. They lean in really heavily in influencers and creators for the back to school.

[Sara Lebo]

Yeah, they have a huge influencer program.

[Susie David Canyon]

Yeah. You know they're now the latest I think is that they're doing the dark stores which is new for them.

[Sara Lebo]

Can you explain what a dark store is?

[Susie David Canyon]

Yeah, they're trying to see they're piloting it. So they have just one where a store footprint will be the distribution center. So the most often sold goods in that local area will be going straight to that store which they're calling a dark store instead of going through a distribution center to the store and then to the consumer. But I could go on. Right. They're elevating their private label. They just launched something new, really foreign to them.

[Rachel Wolfe]

Right.

[Susie David Canyon]

They were all about more basics and now they're doing that. So I think for me Those are the three things. Their data, 50%, 30% tech and 20% their willingness to take risks and pivot as needed.

[Sara Lebo]

Okay Rachel, what's in your piece?

[Rachel Wolfe]

So I think my pie is maybe a little bit more conventional just looking at Walmart strengths. So I put 40% I would say to their grocery business because I think that's just a huge driver for them. Right. As Susie was saying before it just gets people into the store. And that is the opening point for all of the other incremental sales they can drive for general merchandise and so on. So 40% there, I would say another 40% again to their overall value strategy. Right. Their ability to pressure suppliers to keep prices low, going back to private label, all the things that they're doing there. And then I guess as part of the whole value offering. Right. What they're doing with convenience and faster delivery. And that kind of goes into the third piece of the pie, which as you mentioned earlier, is their store footprint. Right. It's huge. And not only are a lot of people going to their stores, but they are able to use their stores as fulfillment centers again to get goods to people faster. A crucial part of their retail media proposition. So all of these things I think work together.

[Sara Lebo]

Rachel, you mentioned what Walmart is doing with convenience. What are they doing with convenience?

[Rachel Wolfe]

So I mean, when we think of convenience, I think Amazon often comes up as, you know, the top player. But really Walmart is, I would say, neck and neck with Amazon. They are really pushing their same and next day delivery, but they are reformatting essentially their entire fulfillment system in service of that.

[Sara Lebo]

Yeah.

[Rachel Wolfe]

And so stores are crucial.

[Sara Lebo]

Stores in general are also just obviously convenient. I'm sitting on some soon to be published data right now that says that convenience buying something immediately is the number one reason people go into stores, which I think is unsurprising, but is important. Some other things that we didn't call out specifically that I think could maybe make good toppings for this pie or maybe are folded into some of the ingredients are Walmart's retail media business in particular, it's the second biggest retail media business in the US After Amazon by a long gap, but still after Amazon. And in addition to that, it's marketplace. Walmart has really expanded its marketplace recently and you mentioned this earlier, Suzy, but fuel, gas, I think that that's really important that Walmart has that involved as well. So, Suzy, one of your pie pieces was technology. I want to talk about what technology is most likely to drive Walmart forward and keep them a successful business that's been around for 63 years. So Suzy, why don't you go first again for this one?

[Susie David Canyon]

Sure. So I was assigned Sparky, but I happily took it because I think don't.

[Sara Lebo]

Give away how much we prep for this.

[Susie David Canyon]

I think one of the things we forget in dated companies is that there's this aura of sparkle that comes with headlines and Walmart leaning into all things AI from agentic to genai to regular predictive AI modeling, all of that sort of helps give that allure of newness and more modern. And so Sparky for me is that continuation of that allure. But it is of course more than an allure. It's helping them with their margin. It's guaranteed. They started, if you remember, two years ago, we didn't stop talking about an nrf. The help me plan a unicorn birthday party. Right. They were using their regular search function to understand natural language. It was more than one word searches to help you with something. Right.

[Sara Lebo]

Was that a party for a unicorn or themed unit? Unicorn, themed.

[Susie David Canyon]

Unicorn.

[Sara Lebo]

Okay, you're right.

[Susie David Canyon]

Good, good call out.

[Sara Lebo]

Less fun.

[Susie David Canyon]

Good call out. Then they went. Earlier this year, the more splash. I mean I'm just talking about a couple of the splashy things. So it's no surprise that Sparky came next. Earlier this year they launched Wall E, which is their workforce tool to make the workforce both corporate and in store smarter. And that was everything from how do you make sure that someone in the store can help get to merchandise faster, how do you help with retraining, how do you help with inventory planning, how do you help save time and energy across all parts of their business and make processes a little bit more fluid so that people, the employees have more time to do other higher value quote unquote activities. And so now, not that long ago, earlier in June they launched Sparky, which is a consumer facing smiley face on their app, which I don't know who I was talking about. The Microsoft paperclip helper thing.

[Sara Lebo]

Remember I'm always talking about Clippy. It wasn't me, but I'm constantly talking about Clippy. And all of these brands are launching their own clippies now.

[Susie David Canyon]

Yes. So this smiley face kind of reminds me of that. It didn't succeed then. They were ahead of the time, but maybe it'll succeed now. Clippy. But it's a task based thing doohickey. Right. That's helping you as a customer, whether you're in store or online, as long as you're on the app to get help with whatever you're looking for. And it'll help you do things like reorder track, recommend. But given how big you guys have both talked about their marketplace and how many SKUs they have, having a helper be that knows you and understands you and knows your context and help you get through all of the different SKUs to what you need at the price point you're willing to pay when you need it. I think is really a game changer.

[Rachel Wolfe]

I think what interests me about Sparky as well is that they're positioning it as like a general assistant. So it will help you with your shopping, but you can also ask it general questions like what's the weather? And then, you know, it can give you recommendations based on that or you know, what sports teams are playing tonight. So all of these, you know, tidbits of information that may not come up necessarily in your shopping journey, but the point is just to get you to Walmart and to get you to ask it anything you like.

[Sara Lebo]

How do you guys feel this compares with like Amazon Rufus?

[Rachel Wolfe]

Well, I think like going back to that, you know, Rufus is very much focused on, you know, what does the product do, does it fit your requirements or you know, is the best fit for you. Whereas again, this is feels like more of a general purpose tool that's building to a broader agentic experience.

[Susie David Canyon]

And I think this because it's like layers to the foundation, it really signals that they're willing to use AI to streamline a lot of the different, both internal and consumer facing tasks that are there to help you. And you could even do things like, you know, I'm traveling to so and so in this month, so help me figure out what I need to purchase for that and it'll give you. It's like one level further along than Rufus. That original AI help me plan a one year old's unicorn themed birthday party is like Rufus versus. This is like that next level and.

[Sara Lebo]

The next one will let you plan a birthday party for a unicorn. Rachel, what is it tech you think is driving Walmart forward?

[Rachel Wolfe]

All right, so my assigned.

[Sara Lebo]

Oh my goodness, it sounds like I'm like doling out mandatory assignments. Comments? Everyone has to be on my podcast.

[Rachel Wolfe]

I volunteered for this one. I will say, okay, so we talked about delivery, what Walmart is doing delivery more broadly. But I'm going to hone in on a few of the specifics that they're doing in the space. So they announced in April they totally redesigned really their delivery system using what they call advanced geospatial tech. So basically they divided geographical areas into these sort of hexagonal grids. If you look at it, it looks like a beehive. And the idea is to optimize delivery so that can map a delivery areas more accurately and get orders to consumers faster. So they said by doing this, I think they said 12 million more customers now have access to faster delivery. And the more notable thing is that a single order can now be fulfilled by Multiple stores that are within the grid, as opposed to in the past, you have an order where things were coming from different stores and they would have to come at different times. And so, you know, it's just a less efficient experience. So, you know, I think for them this is kind of a game changer in the way that Amazon's hub and spoke model is a game changer for their fulfillment network. Right. It gets orders to customers faster. It makes the organization as a whole more efficient. And for Walmart, which says that their E commerce business is going to be profitable by this year, I think, you know, this is clearly an important step to get there. And then, you know, as to sort of corollary to that, they are also trialing drone delivery. So that's another way to get stuff to people faster. Whether, you know, people.

[Sara Lebo]

Is drone delivery ever going to happen?

[Susie David Canyon]

I mean, they're piloting it.

[Sara Lebo]

Should these companies, like, stop trying to make drone delivery happen or is it like, maybe it'll catch on?

[Rachel Wolfe]

I mean, I feel like it's. I'm skeptical. I think that it has its uses. You know, the example that keeps getting trotted up is like, parents who run out of diapers and desperately need them, or like, if you need medication flown to you. But I think in the grand scheme of things, will drone delivery be a regular part of people's lives? I don't think so.

[Susie David Canyon]

And, you know, I don't remember what it was that I thought drone can work on certain categories. I don't think Walmart is the right one because they're everywhere. And so if you really need something in a pinch, there's also other things that you can do to get it. But I do think it helps shape consumer perception. Consumers aren't going to understand the Beehive, which is amazing and really, really a big deal, but they are going to be like, oh, and Walmart is trying drone delivery. That's so cool. They must not be so dated and rural. Right. They must be kind of modern and cool.

[Rachel Wolfe]

Yeah. I mean, what they said was that a lot of people who are testing out their service are just interested in it. Like, they're curious as to how it works. And I think probably if you live in any of these neighborhoods and you see drones flying overhead constantly, you might be at least a little bit intrigued.

[Sara Lebo]

This is consistent with my take, which is that I think drone delivery is a brand marketing play to get your brand talked about, seen. But that's okay. That's important. My technology that I was assigned, that I was actually assigned because I went, I chose last. That will drive Walmart forward is its deal with Vizio. So about a year ago Walmart bought Vizio. Vizio is a CTV manufacturer, TV manufacturer. And in doing that Walmart really helped out its retail media business. Not only because it got its hands on a lot more data, but because Walmart accounts for Right now about 8% of retail media spend and growing. It already has excellent data, but it doesn't necessarily have places to put ads for engaged viewers. When we talk about retail media, obviously Walmart has on site retail media ads. Vizio allows for more engaged CTV ads coming directly from Walmart. It also helps unlock more in store ads. Walmart really piloted the like wall of TVs showing ads in store. Having its own TVs in store can help make those ads even more powerful. Connect it to Walmart's own data. Those are some examples of technology that is working really well for Walmart. We also know that its footprint works really well for it. Approximately 90% of the US population lives within 10 miles of a Walmart or Sam's, Walmart's big stat that they have all over their website. Other retailers can't replicate Walmart's footprint. Some grocery stores can, but in large part they just aren't going to be able to match that footprint. What can other retailers replicate?

[Rachel Wolfe]

Well, I think as Susie was saying before, you know, Walmart's willingness to experiment with technology and to lean into the cutting edge, whether it's gen AI in its infancy or now agentic AI, you know, just making sure that they are investing in the tools that will give their employees the opportunity to be more efficient and just make the customer journey more seamless.

[Susie David Canyon]

I had three perfect. I like thinking in threes like the pie. One is to lean into what you're good at, but don't sacrifice the things that are adjacent to what you're good at. So in this instance Walmart is very good at value pricing and very low cost private label. But as they start to think about their changing consumers and customer base, that they are open to other categories. And so retailers should know who your core customer is but what else they're willing to buy, if anything else and try and lean into that. I think you should absolutely, number two, listen to your customers, analyze the data, look at the shifting patterns, understand the macro view, but also what's going on within your screen stores and online properties and all channels really to see what you should be doing to pivot where you can. And third, which is similar to what Rachel said, I think it's really important to experiment across every business unit in store, online, in the corporate offices, and to not penalize people for failed attempts. Like the dark stores might not work. Maybe, you know, they're going to sacrifice some stores that are not amazing stores, but they could still be using those stores as distribution centers and have people shop in them and then they'll just go back to what they were doing before and that's okay.

[Sara Lebo]

Yeah. The difference between Walmart and a smaller retailer though is that Walmart has that money to maybe experiment with for a better term than lose. They have the budget to throw out a new idea and a smaller retailer might not be able to take on that risk.

[Susie David Canyon]

Yeah, but I think every. Absolutely right. Everybody's pockets are different depths. But I think that you can experiment and try new things and do a B testing. You don't need to throw money at something. You can just do AB testing or do, you know, consumer research and ask customers where you can bend more or try new things. I'm pretty sure that some of those GPT tools will be or the gentic tools will be able to help you figure out where you can experiment and it not cost you so much money. If it's not now, it'll be in the very near future.

[Sara Lebo]

Yeah, you can definitely make your own clippy and it can be whatever you want it to be.

[Rachel Wolfe]

Yeah. The only thing I'll add is that I also think that it's important for retailers to think about what strategic partnerships they can make that could, you know, help them boost their business. Whether that's as a retail media company partnering with another platform that has adjacent competencies so you can broaden your appeal to advertisers or. I mean, I think one of the smartest things that Walmart did was to partner with American Express Platinum and that really helped them gain access to an entirely new customer base that they were under indexing with before. So if you can find opportunities like that that will get your company in front of a new audience, that may. We didn't think of you in that way. I think that would be a huge growth opportunity.

[Sara Lebo]

I love that. That's a great note to end on. So thank you so much for being here, Rachel.

[Rachel Wolfe]

Thanks for having me.

[Sara Lebo]

Thank you, Susie.

[Susie David Canyon]

Thank you.

[Sara Lebo]

Thank you to our listeners and to our team that edits the podcast. 90% of these recordings take place within 10ft of one of our editors. Please leave a comment or a review and remember to subscribe to the behind the Numbers podcast. We'll be back next Wednesday with with another episode of Reimagining Retail, an emarketer podcast made possible by Quad.