An Insider's View of Retail Venture Capital with XRC Labs' Al Sambar

With the penultimate episode of Season 5 we pause briefly to celebrate reaching our 100th episode milestone, before taking an insider's view of the dynamic world of retail tech and consumer investing with Al Sambar, a deeply experienced industry executive who now serves as a General Partner at XRC Labs.

We get a fast-paced primer on how venture capital works and XRC's particular focus on early stage investing. Al helps us understand the process for discovering and sorting through those start-ups with the greatest disruptive potential before getting a behind the scenes view of how XRC's investment thesis has evolved over the years. We then take a look ahead at what trends will shape retail innovation in the future, with key take-aways for retail executives, budding entrepreneurs, and venture capital investments.

But first we dip into the week in retail news, including how the holiday season seems to be unfolding, perhaps to a game of what Michael calls "discount chicken." We make a return trip to the Wobbly Unicorn Corner and news of some serious stumbling as well as promising signs from the likes of Stitch Fix, Rent the Runway, Chewy, Blue Apron, and Getir. We close highlighting the remarkable results from Lululemon and the staggeringly high valuation of Fanatics.

Catch Steve and Michael at NRF's Big Show

About Al

As XRC Labs’s General Partner, Al Sambar leads business strategy and development for the NYC tech accelerator. A leader in innovation, Al previously held the role of Managing Director at Kurt Salmon’s North American Retail and Consumer Group. For more than 20 years, Al has been providing retailers and consumer companies with strategic planning, organizational design, consumer insights and operating performance improvement services, with deep specialization in omni-channel retailing and global brand management.

About Us

Steve Dennis is an advisor, keynote speaker and author on strategic growth and business innovation. You can learn more about Steve on his website. The expanded and revised edition of his bestselling book Remarkable Retail: How To Win & Keep Customers in the Age of Disruption is now available at Amazon or just about anywhere else books are sold. Steve regularly shares his insights in his role as a Forbes senior contributor and on Twitter and LinkedIn. You can also check out his speaker "sizzle" reel here.

Michael LeBlanc is the Founder & President of M.E. LeBlanc & Company Inc and a Senior Advisor to Retail Council of Canada as part of his advisory and consulting practice. He brings 25+ years of brand/retail/marketing & eCommerce leadership experience, and has been on the front lines of retail industry change for his entire career. Michael is the producer and host of a network of leading podcasts including Canada’s top retail industry podcast, The Voice of Retail, plus Global E-Commerce Tech Talks , The Food Professor with Dr. Sylvain Charlebois and now in its second season, Conversations with CommerceNext! You can learn more about Michael here or on LinkedIn.

Be sure and check out Michael's latest venture for fun and influencer riches - Last Request Barbecue, his YouTube BBQ cooking channel!

Join us at the CommerceNext Growth Show in New York June 23rd and 24th with this exclusive discount code for 10% off general admission tickets and FREE retail tickets: Your code is "REMARKABLE" . See you in the Big Apple!

About Us

Steve Dennis is a strategic advisor and keynote speaker focused on growth and innovation, who has also been named one of the world's top retail influencers. He is the bestselling author of two books: Leaders Leap: Transforming Your Company at the Speed of Disruption and Remarkable Retail: How To Win & Keep Customers in the Age of Disruption. Steve regularly shares his insights in his role as a Forbes senior retail contributor and on social media.

Michael LeBlanc is a senior retail advisor, keynote speaker and media entrepreneur. Michael has delivered keynotes, hosted fire-side discussions hosted senior retail executive on-stage in 1:1 interviews worldwide. Michael produces and hosts a network of leading retail trade podcasts, including The Remarkable Retail Podcast, The Voice of Retail The Food Professor, The FEED powered by Loblaw and the Global eCommerce Leaders podcast. He has been recognized by the NRF as a global Top Retail Voice for 2025 and 2025 and continues to be a ReThink Retail Top Retail Expert for the fifth year in a row.