Target announced a leadership change: Brian Cornell will become executive chair of the board and Michael Fiddelke will succeed him as CEO. Amazon launched free same-day delivery for fresh groceries to more than 1,000 U.S. cities and towns as part of its grocery expansion. Startup consumer brands are confronting difficult macro conditions, tariffs, and declining consumer sentiment that complicate fundraising and growth. Brands face tougher capital markets and higher customer-acquisition costs. Recommended responses include creative, cost-efficient marketing, reducing reliance on expensive social advertising, expanding the customer acquisition funnel, and seeking alternative fundraising strategies to sustain growth.
This week on the Modern Retail Podcast, co-hosts Gabi Barkho and Melissa Daniels get into the big news of Target CEO Brian Cornell stepping down. Cornell will move over to be executive chair of the board, and be replaced by Target vet Michael Fiddelke. On this week's rundown, the team also discusses the latest investment Amazon is making in its grocery business as it evolves. The company announced free same-day delivery service for fresh groceries to over 1,000 U.S. cities and towns.
Then, for the featured segment, Barkho and Daniels are joined by investor Mike Duda of Bullish for an in-depth conversation about the many challenges startup brands are facing right now. The segment covers the challenges of fundraising and growing a young business, advice on how to market more effectively by spending less on social advertising, and other ways savvy brands can stand out in this tough market.
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