What’s ahead for retail: how retail CEOs are navigating a more complex environment

Goldman Sachs Exchanges

Julia McGonagle

Business

4.4 • 1K Ratings

🗓️ 5 March 2024

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

Retailers are facing a more complex environment in 2024, say Goldman Sachs’ Tim Ingrassia, co-chairman of Global Banking & Markets’ Global Mergers & Acquisitions business, and Vishaal Rana, a managing director in the Cross Markets Consumer Retail Group, who discuss the deal-making landscape and the challenges facing investors and consumers. Ingrassia and Rana also join Ted Decker, chairman, CEO, and president of The Home Depot, and Dave Kimbell, the CEO of Ulta Beauty, on a panel held at the annual Retail Industry Leaders Association CEO Forum, to discuss the industry’s challenges and opportunities.

Transcript

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0:00.0	After the pandemic forced retailers to reinvent themselves to meet changing consumer behaviors,
0:05.2	the economic backdrop is more constructive today.
0:08.0	So what are the implications for companies, investors, and consumers in 2024?
0:12.4	I think we're going to be in the first year of money. investors and consumers in 2024.
0:12.5	I think we're going to be in the first year of micro influence where we'll be back to retail of old
0:19.4	where the actions of
0:25.0	of COVID, the actions of the economy,
0:27.2	the actions of COVID, the actions of consumers
0:30.8	writ large.
0:32.1	So we're going from macro to what retail has always been, which is micro.
0:36.4	I'm Allison Nathan and down with Goldman Sachs is Tim and Grasse, co-chair
0:52.8	of the Investment Bank's Global Mergers and Acquisitions business, and
0:56.1	Vichal Rana, from the Investment Bank's Consumer Retail Group, to talk about
1:00.2	the evolution, challenges, and opportunities facing the retail industry.
1:04.3	We'll also hear from Ted Decker, the chairman, CEO and president of Home Depot, and Dave Kimball,
1:09.8	the CEO of Ulta Beauty, who joined them on a panel that was recorded at the Retail Industry
1:14.6	Leaders Association CEO Forum in Tucson, Arizona in late January.
1:19.1	We'll first turn to Tim and Vichal who are joining me in the New York studio.
1:22.1	Tim Vichal, welcome to the program.
1:23.0	Happy to be here.
1:24.0	Thank you.
1:25.0	So let's start with the state of the consumer.
	...

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