Tariffs, Transformation, and Target's Tumult at the Top with Guest Co-Host Ethan Chernofsky

The Remarkable Retail Podcast kicks off Season 11 with a powerful episode featuring a first-ever guest co-host: Ethan Chernofsky, Chief Marketing Officer of Placer.ai.

The episode opens with a lively discussion of tariffs and trade turbulence, a recurring theme reshaping global retail strategies. Ethan shares data-driven insights from Placer.ai on how consumer behavior is shifting under economic uncertainty, while Steve highlights how pricing power and category positioning determine which retailers can weather cost pressures. Together, they unpack what’s next as outsized tariffs hit key markets like India, Brazil, and Switzerland.

The conversation then pivots to retailer performance, starting with Target’s leadership shake-up. Steve critiques the choice of an insider CEO while Ethan provides Placer.ai traffic data showing continuing traffic declines. The group debates Target’s future—whether its famed “Tar-zhay” positioning can be revived by refocusing on differentiation. From there, they contrast Target’s struggles with Walmart’s momentum, exploring how digital sales, retail media, and membership growth continue to power the world's largest retailer's outsized performance..

Speaking of Amazon, the trio examines the company’s great expanded same-day grocery delivery, setting up a fresh battleground with Walmart. They also analyze the broader bifurcation of retail, where premium players and discounters gain share while middle-market brands face mounting challenges.

Moving on the episode digs into the most talked about stories making headlines. Topics include the Cracker Barrel rebrand backlash, American Eagle’s bold Sydney Sweeney campaign, and the AI battle for talent, which borders on the ridiculous..

Finally, the team peers around the corner, curious about whether iconic brands in transition such as Gap, Kohl’s, Macy’s, Nordstrom, and Bloomingdale’s can regain any traction in the fae of growing headwinds. They also discuss shifting enclosed mall dynamics of malls. Ethan underscores that while A-class malls thrive with innovative tenants, some moribund B-class centers are finding new life by reinventing themselves.

Steve's Forbes article: Can Target Regain It's Mojo?

https://www.forbes.com/sites/stevendennis/2025/08/21/can-target-regain-its-mojo/

CNBC: How retail accounting could distort profitability as tariffs take effect.

https://www.cnbc.com/2025/08/18/retail-earnings-how-accounting-could-change-profitability-amid-tariffs.html

Spinal Tap: This Goest To 11

https://youtu.be/4xgx4k83zzc?si=mOgH7MBTeF4nj6BZ

Registration is open for a special webinar featuring Steve in conversation with Placer AI's Head of Analytical Research RJ Hottovy. From changing shopping patterns to emerging market opportunities, shifting consumer demand continues to reshape the industry. So don't miss this data-driven session unpacking the most important trends defining today’s marketplace and the strategies leading brands are using to win retail's future. It's all brought to you by Placer.AI and It all happens on Tuesday September 29 at 1pm ET..

Register here today:

https://www.placer.ai/discover-events/discover-shifting-consumer-demand

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 2026 and continues to be a ReThink Retail Top Retail Expert for the fifth year in a row.