EP258 - Retailer Owned Brands and Other News  CPG’s and other traditional houses of brands, have not had a lot of recent success launching new brands. Challenger brands get a lot of buzz, but they are struggling to scale. Meanwhile, retailers are quietly launching new “owned brands” every year that sell over $1B. In this episode we cover the latest owned brand news from Amazon, Target, and Bed Bath & Beyond. Episode 258 of the Jason & Scot show was recorded live on Monday March 29, 2021. http://jasonandscot.com Join your hosts Jason "Retailgeek" Goldberg, Chief Commerce Strategy Officer at Publicis, and Scot Wingo, CEO of GetSpiffy and Co-Founder of ChannelAdvisor as they discuss the latest news and trends in the world of e-commerce and digital shopper marketing. Transcript Jason: [0:24] Welcome to the Jason and Scott show this is episode 258 being recorded on Monday March 29th 2021 I'm your host Jason retailgeek Goldberg and as usual I'm here with your co-host Scot Wingo. Scot: [0:40] Hey Jason and welcome back Jason Scott show listeners Jason hope you're having a good week and you have no blockages like the Suez Canal. Jason: [0:48] I know this was a bad week to plan a vacation in the canal. Scot: [0:51] Do you do you often vacation in the count. Jason: [0:56] I haven't yet but you know I was thinking about it there was a super funny tweet I saw on Twitter though that some some someone wrote everyone's anti Godzilla and told there's a twenty two hundred thousand ton boat that can't be moved. Scot: [1:09] Yeah and then I saw I think they got it kind of dislodge today and then the wind blew it back into it's original position I I can't tell what's the truth anymore like parody has become so close to reality but I saw that as if it was new so I think he is still jammed is that your understanding or do you think. Jason: [1:27] I don't have an understanding but that would make sense because I would say that recent news reports were conflicting about whether it was still blocked or not so that maybe, that's the story maybe it got unblocked and then re blocked, it is I have clients that are pretty bummed though because it's a it's a pretty big deal our as you know our supply chain is super, just in time and so when a major thoroughfare like that gets blocked like it has an impact on product availability over here. Scot: [1:57] Yeah yeah it's yeah the the pictures that show the boats waiting it's just amazing how many how many cargo-carrying boats are just jammed up because of this one single point of failure worse popped. Jason: [2:07] Yeah and the plan B is not ideal it's a so long way around. Scot: [2:14] Yeah yeah it's amazing to then you can see a lot of the boats aren't doing that now because they kind of have to. Jason: [2:19] Yeah I know you're a better investor than me but I've actually been buying into a lot of pirate stocks because I think this actually puts a lot of that cargo. In Pirate territory yeah. Scot: [2:31] I didn't know you could buy a pirate ATF that's so smart. Jason: [2:35] I'm lying but I wish I was that cool. Scot: [2:38] Cool well tonight's episode we wanted to keep it kind of light and fluffy and just catch everyone up on some news because it's been a while since we have done a news episode. And of course it wouldn't be a Jason Scott show without some Amazon so here's some. Jason: [2:59] News your margin is their opportunity. Scot: [3:08] Jason I'm usually our Amazon Fanboy here but this one I really wanted to kick over to you for your perspective you've been tracking the entrance of Walmart into the healthcare space and Amazon his announced recently that they are going to expand the what they call quote-unquote Amazon care you know to not only all their employees but employees at other companies what do you make of that. Jason: [3:34] Yeah it's it it's a pretty big expansion so. For the very few people that haven't listened to every single episode The the Reader's Digest version of Amazo