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Ranked by the pour ISABELLA'S ISLAY HENRI IV MACALLAN 1926 LOUIS XIII PAPPY 23 JOHNNIE BLUE WELL POUR
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Issued Friday, August 28, 2026 · 03:00 UTC Edition Every 3h · 6 papers From the chopped neck Latest Issue Archive Corporate AccountsArt Forgotten
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From the desk Why Banks Are Losing the Room The Mathematics of Missing Each Other Biggest Brands in Media: They Spend Earlier
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Pinned · Editor's pick

Why Banks Are Losing the Room

The fee story and the rate story are well covered. The vendor estate banks and their suppliers gorged on in the eighties and nineties is still running, largely unexamined, and it is the part that will not survive scrutiny.

The vendor estate banks and suppliers built in the eighties and nineties is still running on original agreements: accountability that cannot be outsourced, regulators conceding banks cannot leave, oversight by questionnaire rather than custody record, and permissions over shareholder data written before the data existed.

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ISABELLA'S ISLAY Distribution Play Aug 27, 11:02 PM EDT
Birkenstock
MSN Money ↗

DTC revenue outpaces wholesale; raises 2026 forecast to 15% growth

Birkenstock posted a Q3 revenue beat and raised its full-year constant-currency growth forecast to 15%, per MSN Money, driven by DTC outperformance against wholesale channels.

ReadingThe steal: don't optimize for shelf placement first — optimize for direct ownership of the repeat buyer. Birkenstock's forecast lift came from accelerating the channel where they set the price, the messaging, and the data. If you're a physical-product brand and 60% of your revenue still flows through wholesale, your next 15% comes from building the DTC funnel in parallel, not sequentially. Start with the smallest cohort — existing customers — and build email, SMS, and a simple reorder experience before you spend on new wholesale doors.
WatchWatch for Birkenstock to announce a membership or loyalty program tied to DTC repeat rates, or a private wholesale tier for regional partners who hit DTC velocity benchmarks.
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dtcwholesaledistributionretention
HENRI IV Retail & Shelf Play Aug 27, 11:02 PM EDT
Target
Forbes ↗

Target's food unit generated $9 billion in growth; emerging brands now enter via grocery

Target has aggressively expanded its Food & Beverage sector, generating $9 billion in growth, per Forbes, and is now positioning itself as a primary retail platform for emerging food and wellness brands.

ReadingThe steal: Target is not just a department store anymore — it's a retail distributor actively scouting for emerging F&B brands to fill the grocery section. If you make a physical food product and have not pitched Target's emerging-brand buyer, the window is open now. Do not pitch shelf first — pitch test: offer a limited SKU in select stores, run your own promotion, and supply the data. Target buys proof, not pitch decks. Brands that show velocity on test shelves get bigger orders faster than brands that lead with wholesale terms.
WatchWatch for Target to announce a dedicated emerging-brand F&B incubator or accelerator program tied to test-store network.
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retailfoodemerging brandsdistribution
MACALLAN 1926 Brand-Story Play Aug 27, 11:02 PM EDT

Carhartt partnered with the NFL through construction workers, not athletes

Carhartt aligned with the NFL by sponsoring the tradespeople building Highmark Stadium, per Modern Retail, sidestepping traditional athlete endorsement and reaching its core customer directly.

ReadingThe steal: don't align with the celebrity or the audience watching the event — align with the people working it. Carhartt's play moves past sports sponsorship (logos on jerseys) into audience sponsorship (logos on the tools and vests of your actual customer). If you make a product for a trade, a profession, or a primary-audience job, sponsor the work site, not the broadcast. Find a construction project, a manufacturing facility, an event setup, or a service deploy where your customer is working and put your product in their hands on the clock. The audience watching sees the product in action by a real worker, not a paid testimonial.
WatchWatch for Carhartt to expand this model to other major construction or infrastructure projects with media components, or to launch a tradesperson-focused ambassador program.
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brand partnershipaudience alignmentsports marketingtrade brands
LOUIS XIII Retail & Shelf Play Aug 27, 11:02 PM EDT
Hollister
Glossy ↗

Hollister's Target expansion and home category debut drove second-quarter growth above plan

Hollister posted above-expectation results in its first significant U.S. wholesale and category expansion through Target, per Glossy, reaching new customers and contributing to second-quarter performance.

ReadingThe steal: don't choose between category expansion and channel expansion — pair them. Hollister tested home goods at Target, which means new shoppers discovering the brand in the home aisle are already in a high-traffic environment where Hollister's core apparel is also available. If you're a multi-category or adjacent-category brand (apparel to home, beauty to wellness, food to beverage), your fastest new-customer wins come from testing the new category in a new channel simultaneously, using that retailer's traffic to cross-pollinate. Target's new-customer reach accelerates both. Plan the test in one new retail door with one adjacent SKU, supply the data, and scale only if the cross-category lift shows up in the numbers.
WatchWatch for Hollister to announce home category expansion beyond Target or to introduce loyalty incentives connecting apparel and home purchases.
Read full analysis → Original ↗
wholesalecategory expansionretail partnershipcustomer acquisition
PAPPY 23 Retail & Shelf Play Aug 27, 11:02 PM EDT

Target's post-Ulta beauty section attracted new brands to retail for the first time

Target's newly redesigned beauty section in stores and online has drawn many emerging brands to the retailer for their first entry into big-box retail, per Modern Retail.

ReadingThe steal: pitch retailers during category resets, not during normal operations. Modern Retail named this — Target's beauty section redesign drew new brands in because the buyer's mandate was to fill new shelf, not defend existing placements. If you make a beauty or personal-care product, call retail buyers during Q1 (spring reset), summer (vacation season fill), and back-to-school windows. These moments carry less vendor friction because the mandate is volume, not replacement. A pitch that lands on desk during steady-state gets a 'maybe in six months' response. The same pitch during a reset gets a 'send samples to the test kitchen this week' response.
WatchWatch for Target to announce dedicated emerging-brand sections in other categories (wellness, home, apparel) or to run a formal emerging-brand sourcing program.
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retailcategory resetemerging brandsbeauty
JOHNNIE BLUE Pricing Play Aug 27, 11:02 PM EDT
Multi-brand pattern (The Home Depot, Milani Cosmetics, emerging sellers)
Modern Retail ↗

Retail media networks are shifting marketer focus to performance over reach

Modern Retail's 2026 research guide on retail media marketing revealed that marketers are rethinking where they invest and how they measure success, with emphasis moving toward performance attribution over raw audience size.

ReadingThe steal: if you're a product brand buying retail media, stop measuring impressions and start measuring return on ad spend tied to incremental product sales. Modern Retail's research named this shift — high-performers are tying retail media spend to SKU-level sales data, not campaign reach. Run a test: allocate 30% of your retail media budget to one SKU in one region, tie daily spend to daily sales velocity, and adjust bids daily based on unit margin recovered, not click-through rate. Retail media networks are becoming performance channels, not awareness channels. Brands that adopt this mindset win proportionally larger budgets from corporate.
WatchWatch for Amazon Ads, Target, and Home Depot to launch unified reporting dashboards that connect spend directly to in-store or online sales velocity by SKU.
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retail mediaperformance marketingattributionroas
WELL POUR Brand-Story Play Aug 27, 11:02 PM EDT
Morphy Richards
PRNewswire ↗

Heritage appliance brand showcases 90-year legacy at IFA Berlin 2026; emphasis on smart-home positioning

Morphy Richards, a British premium small-appliance brand marking its 90th anniversary in 2026, showcased its latest smart-home product lineup at IFA Berlin, per PRNewswire.

ReadingThe steal: if your brand has been around for decades, do not lead with 'we've been here forever' — lead with 'we've stayed ahead for [years] by doing [specific innovation].' Morphy Richards chose IFA (a ahead of tech showcase) to make the case, not a retro or anniversary event. The audience at IFA is not nostalgic; they're buying into tomorrow. By showing up there with 'smart ideas,' the brand signals it's not resting on legacy — it's actively competing in the future. If you have brand longevity, find the forward-facing event or media channel your target customer uses and tell the story as continuous innovation, not continuous existence.
WatchWatch for Morphy Richards to announce new smart-home product lines or integrations with major IoT platforms in Q4 2026.
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brand heritagepositioningtrade showsnarrative
TUMIYETIPATAGONIATITLEISTCALLAWAYVINEYARD VINESCUTTER & BUCKCOLUMBIANIKEUNDER ARMOURNORTH FACECARHARTTSTANLEYHYDRO FLASKS'WELLMOLESKINELEATHERMANBOSEJBLAPPLE TUMIYETIPATAGONIATITLEISTCALLAWAYVINEYARD VINESCUTTER & BUCKCOLUMBIANIKEUNDER ARMOURNORTH FACECARHARTTSTANLEYHYDRO FLASKS'WELLMOLESKINELEATHERMANBOSEJBLAPPLE
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