Steve Dennis and Michael LeBlanc are joined by guest co-host Neil Saunders, Managing Director , GlobalData, to unpack the passing of David Simon, Saks’ strategy shift, NRF’s “toppy” 2026 forecast, and the escalating delivery wars. Then, live from the ShopTalk 2026 stage, Steve chats with Bret Taylor, OpenAI Board Chair and Co-Founder & CEO of Sierra, as he explains how AI agents are transforming retail into a conversational, always-on customer experience.
Steve Dennis and Michael LeBlanc are joined by guest co-host Neil Saunders, Managing Director and retail analyst at GlobalData, bringing his signature analytical rigour and on-the-ground store insights to a wide-ranging discussion of the week’s biggest retail developments and the future of AI-powered commerce.
For our feature interview, Steve sits down live at ShopTalk with Bret Taylor, Chairman of OpenAI and CEO and co-founder of Sierra. Taylor outlines how AI agents are emerging as the new “digital front door” for retail, unifying customer interactions into a single intelligent interface.
Bret explains the shift from rule-based automation to agentic systems capable of reasoning and decision-making, enabling retailers to deliver faster, more personalized, and more empathetic experiences. From instant warranty claims to seamless delivery scheduling, AI agents are redefining customer service and turning friction points into loyalty drivers.
The episode opens with a reflection on David Simon's impact on Simon Property Group and mall reinvention. Neil and Steve discuss how Simon proved physical retail can remain productive and relevant when well managed. The conversation then turns to Saks Global’s decision to reverse several planned store closures, with Steve & Neil highlighting the strategic interplay between retailers and landlords.
The group connects this to broader industry dynamics, including the risks of anchor tenant closures and the importance of maintaining mall ecosystem vitality.
A key moment comes as Saunders weighs in on the NRF’s 2026 retail forecast, labelling it “toppy.” The trio challenges the assumptions behind the optimistic outlook, citing cautious retailer guidance, constrained consumer spending, and macroeconomic uncertainty. Saunders’ perspective reinforces a growing disconnect between industry forecasts and operational reality.
The discussion shifts to the intensifying race for ultra-fast delivery, as Amazon, Walmart, and others push one-hour and same-day fulfillment. Saunders provides a grounded view of consumer behavior, noting that while demand for immediacy is growing, the economics remain challenging and uneven across the retail landscape.