Unlocking Retail Mysteries: AI, Store Locations, and Building Relationships with Ricardo Belmar

08/11/23 • 57 min

Are you ready to unlock the mysteries of the retail world? We certainly are! This episode is a fascinating exploration of the industry, featuring a candid conversation with retail tech advisor Ricardo Belmar. Ricardo's insights from his own journey into the retail industry, which he amusingly stumbled upon, are genuinely enlightening. Let's buckle up and appreciate the significance of good wi-fi in stores through Ricardo's experiences, and understand why executives need to step from their ivory towers into the retail environment.
As we navigate the bustling streets of the retail landscape, we find ourselves in the heart of the diverse establishments in the DC area. It's fascinating how the pandemic has laid bare the concentration of certain retail establishments, shedding light on the essential need for right-sizing stores in strategic locations. From Walmart's sprawling presence across the US to Macy's acquisition strategy that resulted in a surplus of stores - we cover it all. We even take a detour to explore why some areas are surprisingly Apple Store-free.
The episode takes a riveting turn as we dive into the world of AI technology in retail, particularly its role during the pandemic. Ricardo guides us through the labyrinth of AI's use in retail, from how it was leveraged by retailers to how tools like Microsoft Teams were used for innovative solutions. He beautifully illustrates the use of AI and machine learning in creating new products and services, and delves into the potential of influencer partnerships. Ever wondered about the impact of AI on jobs? We've got you covered. As we bring the episode to a close, we dwell on the importance of relationships in retail. Trust us, you don't want to miss this one!
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Connect with Ricardo on LinkedIn: https://www.linkedin.com/in/rbelmar/
Check out Ricardo's podcast, The Retail Razor Show, co-hosted with Casey Golden: https://redcircle.com/shows/retailrazorshow

RetailWire is the retail industry's premier source for news, analysis, and discussion. With a focus on the latest trends, technology, and consumer behavior, RetailWire provides a platform for industry experts and thought leaders to share their insights and perspectives. Whether you're a retailer, supplier, or service provider, RetailWire is your go-to destination for staying informed and ahead of the curve.
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Previous Episode

Exploring the Evolution of Retail and Technology with Dave Wendland: Insights, Innovation, and the Impact of the Pandemic

Prepare to be enlightened as we spend some quality time with Dave Wendland, a recognizable figure in our BrainTrust. This fascinating individual, born and raised in Green Bay, Wisconsin, has journeyed through a noteworthy career trajectory. From a humble beginning as the Director of Marketing for Applied Computer Research to the illustrious position of VP of Strategic Relations for HRG Group, Dave's story is rich with valuable insights. We delve into his life, exploring his passion for technology, his profound understanding of the retail industry, and how his hobbies shape him into the person he is today.
As we tread further, you'll get an exclusive front-row seat to the evolution of retail and technology over the past three decades, as narrated by Dave. His experiences, challenges, breakthroughs, and ‘don’t say no’ attitude are motivational. Dave's father's wisdom has been a guiding light for him, illuminating his path to success. His ability to embrace change and innovation has not only helped him navigate the ebb and flow of the retail industry but also redefine his career along the way.
In the final act of our dialogue, we analyze the pandemic's influence on the beauty and pet sectors, and how retail titan Walmart is reacting to the ever-changing landscape. We'll also discuss the leadership traits of Walmart CEO Doug McMillon, and how seemingly unrelated experiences like group activities, waiting tables, and improv can mold successful leaders. So buckle up and join us as we navigate the future of retail, underscoring the importance of agility and innovation in this dynamic industry!
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Connect with Dave on LinkedIn: https://www.linkedin.com/in/davewendland/
Check out Hamacher Resource Group: https://hamacher.com/

Next Episode

Powerhouse Retail Insights with Liza Amlani: Industry Developments, Consumer Voices, and the Power of Innovation

Welcome to our latest podcast episode where we're thrilled to present Liza Amlani, a powerhouse in the retail industry, who brings with her a wealth of experience from working with big-league brands such as Nike, Holt Renfrew, Ralph Lauren, and Accenture. Now leading her own organization, The Retail Strategy Group, Liza brings her sharp insights and retail acumen to our conversation. We kick off with a deep dive into Liza's journey, peppered with personal anecdotes of her London upbringing, which sowed the seeds of her retail passion.
Unpacking Liza's experiences, we venture into a candid discussion around a failed private label program she was part of, which underlined the importance of the consumer voice. This narrative unfurls into a thought-provoking discussion about the need for brands to form meaningful connections in an ever-saturated retail market. Stay tuned as Liza elaborates on the vital role of consumer insights in the product creation process, and how these insights can lead to products that truly resonate with customers.
Finally, we touch base on the dynamic landscape of the retail industry, where Liza stresses the necessity of assortment planning, and staying responsive to shifts in trends and buying behavior. She also highlights her belief in the need for innovation in retail processes and the potential of AI and machine learning to revolutionize retail. Listen in to Liza's perspective on the exciting developments in material innovation, and the potential of breaking down silos within the retail industry. Don't miss out on this enlightening chat, brimming with actionable insights for everyone in the retail industry.
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Connect with Liza on LinkedIn: https://www.linkedin.com/in/lizaamlani/
Learn more about Retail Strategy Group: https://www.retailstrategygroup.com/

The RetailWire Podcast - Unlocking Retail Mysteries: AI, Store Locations, and Building Relationships with Ricardo Belmar

Transcript

Speaker 100:00:01.804

Welcome to the Retail Wire Podcast .

Speaker 200:00:07.407

Hey everyone , what's going on ? It's Brian back again with another great episode here on the Retail Wire Podcast . We've got another great person in the studio with me today .

Speaker 200:00:16.079

Excellent interview that I'm really looking forward to here .

Speaker 2</