Register now for VISIONS Summit: NYC – June 10

Mary Meeker Posts a Bond for Her Chart Crimes

PLUS: The Retail Apocalypse Gets a French Manicure đź’…
June 6, 2025
Future Commerce Co-Founders Phillip Jackson and Brian Lange share their real-time responses to the Mary Meeker AI report. 

‍Welcome to Friday, futurists.

Chart crimes are afoot, and we're not talking about Comic Sans in a quarterly earnings deck. 

This week, we went live to tear apart Mary Meeker's latest AI opus, and boy, did we find some statistical shenanigans worthy of a data analyst's worst nightmares. (While solving some audio issues on a live stream.)

Two major takeaways from our forensic chart examination:

First, comparing AI's "90% adoption in 3 years" to the internet's "90% adoption in 23 years" is a false equivalence of the highest order.

AI got to piggyback on decades of existing digital infrastructure, login systems, and user behavior. The internet had to build everything from scratch, including convincing the government that public cryptography wasn't a national security threat.

Second, beware studies that compare 5,179 customer support agents to 1,118 scientists and call it meaningful productivity analysis. That's not data science: that's statistical malpractice.

Watch our full data demolition on LinkedIn or YouTube if you enjoy watching grown men get unreasonably excited about methodology failures.

—Phillip

Champagne Wishes, Caviar Dreams, and the Future of Department Stores

Most US department store shoppers are suffocating under mountains of merchandise and feeling the isolation of mostly vacant stores. But in the heart of Manhattan’s Financial District is a (French) beacon of hope. A luxury destination equal parts art, culture, commerce, and cuisine. It’s Printemps. 

Champagne bars stand alongside checkout counters, boudoir fitting rooms replace fluorescent stalls, and couture fashion is curated like pieces from a museum archive. The flagship embraces retail as an art form, technology as a silent enabler, and a source of cultural inspiration, not just commerce.

Our latest Member Brief provides a comprehensive overview of the new Printemps location, featuring commentary and analysis from Jack Stratten of Insider Trends and Melissa Gonzalez of MG2 Advisory, two experts in the field of store design and experience.

As they outline what makes this new destination so impactful, the question isn’t so much whether American department stores can replicate Printemps' luxury model—it's whether they can adopt its core philosophy of prioritizing depth over breadth, and experience over transaction.

The Department Store Renaissance has arrived, but can America’s cultural fixtures of the past rise to the occasion?

GET THE MEMBER BRIEF

alexa chung in burberry festival gear
Image: Burberry

Burberry Gets (Indie) Sleazy. The luxury fashion brand is continuing its push to boost brand relevance by launching a new campaign centered on festival season. Indie sleaze queen and fashion muse Alexa Chung stars in the campaign alongside Cara Delevingne, Goldie, and even Oasis frontman (and hot-head) Liam Gallagher and his kids. Set in an open, muddy field, the creative is a clear nod to the mess of festival culture, and is timed a few weeks before Glastonbury, the UK’s biggest music fest.

Burberry has steered away from ultra-luxe, polished campaigns and is instead embracing more authentic and cultural campaign themes. “Wrapped in Burberry” has been an ongoing narrative thread, with the brand showing real people donning Burberry plaid. 

Curiously, Hunter boots are featured in the campaign, which entered administration (the UK equivalent of bankruptcy) in 2023. Hunter was subsequently acquired by Authentic Brands Group. Future Commerce’s own Brian Lange wrote about post-memesis saturation of brands, including Hunter and Stanley 1913 (and others), in “Post-Memesis Washout.”

Image from @morningbrew on Instagram 

‍Fast-Fashion Sticker-Shock. Were Trump tariffs all it took to get US consumers to give up fast-fashion? According to market intelligence firm Sensor Tower, they’re saying goodbye to Temu and Shein in droves to bypass jarring fees: from March to May, Temu’s daily active user rate dropped 52%, while Shein’s fell 25%. 

But will the shift away from $9 lounge sets and $7 sandals be a long-term reality? Although the Trump administration has closed the de minimis loophole, the president yesterday revealed that he and Chinese leader Xi Jinping had a “very positive” first meeting and that Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer will hold additional trade talks with Chinese representatives soon. 

Late last month, Trump and Jinping agreed to lower their respective tariffs for a 90-day period to support further negotiation: the US tariffs on Chinese goods went from 145% to 30%, while China reduced taxes on US goods from 125% to 10%.

Get Crafty. Michaels continues to benefit from the deaths of its industry counterparts. First, the arts and crafts retailer responded to Party City’s closure by expanding its party supply selection by up to 200%, including balloons. Now, it has scooped up the intellectual property (IP) of Joann after its January 2025 bankruptcy. With this deal, Michaels will add Joann’s Big Twist brands to its portfolio so it can broaden  its fabric, sewing, and yarn assortment. Michaels has seemingly become an all-in-one destination for creative projects, from flower arrangements to DIY weddings.

Bringing Joann’s IP into the mix will help broaden Michaels’ reach and relevance, especially among loyal Joann customers who are seeking a reliable source for their fabric and sewing needs. That is, if the retailer actually plans to do anything meaningful with the IP.

Mass Meta A(I)dvertising. Meta may have said goodbye to seamless in-platform checkout, but it continues to go all-in on AI-powered advertising. The Wall Street Journal reported that the company plans to add to its existing rolodex of AI-powered tools for advertisers by powering the entire creative process, from concept to optimization. There are widespread implications on what this will mean for consumers, who will likely be hit with an onslaught of same-same content and creative. 

And while industry players report that these new offerings will be a boon for small- and medium-sized businesses who don’t have the size or scale to expand their ad operations, we can’t help but question what this means for how brands show up in-feed (and beyond), and what it means for ad performance. If consumers are going to be fed nearly-identical “AI-approved” campaigns, ad resonance and impact will undoubtedly take a hit. Brands will essentially be in a creative prison of their own making, something retail strategist Melissa Minkow explored in this week’s Insiders.

Subscribe to The Senses.

Commerce futurism.
Straight to your inbox.

Thank you for being a risk-taker.
Oops! Something went wrong while submitting the form.
Share This Post

Commerce futurism for the risk-takers.
Straight to your inbox.

By clicking Subscribe you're confirming that you agree with having The Senses delivered to your email address.
Thank you for subscribing.
Oops! Something went wrong while submitting the form.
By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. View our Privacy Policy for more information.