Modern Retail Rundown: Amazon is reportedly launching a Temu-like section, Fancy Food Show takeaways & Walgreens store closures

This podcast episode explores Amazon's response to emerging players like Shein and Temu by launching a discount section on its website, offering cheap items shipped from China. This move aims to attract customers and keep up with the competition in the ever-changing retail landscape. The episode also discusses Amazon's plan to implement a dropshipping method and its need to adapt to emerging fulfillment models. Additionally, the episode highlights the dominance of global flavors and better-for-you formats in the food and beverage industry, as observed at the Specialty Food Association's trade show in New York. The discussion further touches on the importance of taste in branding and marketing, as well as Walgreens' decision to close stores and cut prices in response to the changing retail landscape.