Unlocking Retail Media

Retail Revolution: Navigating the Future with Matt Nichols

Nov 12, 2025
In this discussion, Matt Nichols, a partner at Commerce Ventures and seasoned retail-tech investor, dives into the booming world of retail media and AI's transformative role. He highlights how COVID accelerated the shift to in-house retail media and why executives are prioritizing it as a revenue stream. Topics include AI-driven search optimization to boost ROI, the rise of agile supply chain models, and the creative potential of chat shopping as a future e-commerce frontier. Nichols also shares insights on Amazon's enduring advantage in fulfillment.
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ADVICE

Prepare Sites For AI Discovery And Transactions

  • Bring AI-powered search and capabilities to your site to keep shoppers on your domain.
  • Prepare feed management and transactional tooling so AI platforms can find and transact your products.
INSIGHT

AI Will Replace Keyword Tagging

  • AI will shift search from keyword tagging to LLM-driven associations that surface relevant products.
  • Retail media can grow if bidding and formats evolve to match language-based queries rather than keyword lists.
ADVICE

Optimize For Outcomes, Not Keywords

  • Shift campaign objectives from keyword bids to outcome-focused goals like selling more of a product.
  • Use AI to self-optimize placements and bids rather than relying on manual keyword guesses.
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