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From the Vault: Ep. 7 - Navigating Retails Changing Landscape - with Deanah Baker
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We're digging into the vault this week to bring back one of our earliest episodes. Andy sat down with Deanah Baker, a former Walmart executive, to talk about the omnichannel challenges of the early 2020s... and one VERY unexpected phone call.
Their discussion highlights the merging of e-commerce and brick-and-mortar operations at Walmart in 2020. This strategic move aimed to harmonize digital and physical shopping platforms, ensuring a seamless customer experience across all channels.
Baker stresses the importance of coherent digital and physical store experiences, where both platforms reflect the same brand essence and customer value proposition. She also outlines the role of innovative technologies like RFID in inventory management, supplier-retailer synergy, the challenges retailers faced (and still do) in adapting to omnichannel retailing, including managing inventory, aligning marketing efforts across channels, and meeting evolving customer expectations. The reduction of SKUs by 35% at Walmart highlights the importance of inventory optimization in improving store layout and product discovery. Baker also discusses her transition from a 32-year tenure at Walmart to founding her consulting firm, Deanah Baker Consulting.
And then there's THAT phone call. No spoilers, listen in for details!
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