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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 · 06:00 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.

Read the full analysis →
ISABELLA'S ISLAY Distribution Play Aug 28, 2:03 AM EDT
Birkenstock
MSN Money ↗

DTC revenue outpaced wholesale; full-year growth forecast raised to 15%

Birkenstock (NYSE: BIRK) raised its full-year revenue growth forecast to 15% in constant currency after Q3 beat, with DTC sales outselling wholesale per the earnings report.

ReadingThe steal: the brand did not cut wholesale — it simply grew DTC faster. Wholesale still exists; it just became the slower lane. A small brand can test this by running a flash sale on owned email lists and tracking which channel moved the needle. If DTC pulls ahead by even 5 percentage points in a quarter, the math tells you to double down on the owned funnel and let wholesale become the floor, not the ceiling.
MY STASH TAKEBirkenstock proved a 1970s heritage sandal could command full-price retail if the customer trusted the source. The move was not new — it was just ruthlessly honest math. Most brands keep wholesale open out of habit, not because it moves the needle. Birkenstock did the math first and moved money second. That order matters.
WatchWatch for Birkenstock to open flagship retail in key cities next, locking down the experience layer.
Read full analysis → Original ↗
distributiondtcwholesalechannel-mix
HENRI IV Brand-Story Play Aug 28, 2:03 AM EDT
Dr Pepper
Marketing Dive ↗

Fansville universe drives outcomes while keeping brand conversation fresh

Dr Pepper's ongoing Fansville campaign maintains relevance and measurable ROI by layering new characters and plotlines into a persistent fictional world rather than swapping creative entirely each year, per Marketing Dive.

ReadingThe steal: do not retire a creative universe after it works once. Layer the next chapter. A small brand with a named founder or character can run the same play — introduce a secondary character in month two, a small conflict in month four, resolution in month six. The universe costs less to produce in year two than year one, but the audience commitment is higher. Test this by keeping one character constant across three social posts and tracking engagement lift versus one-off posts.
MY STASH TAKEMost brands treat creative like a t-shirt line — drop it, move on. Dr Pepper treats it like a TV show. Boring on paper. Terrifying in market because competitors are still doing the t-shirt thing. If you have even a whisper of a brand story — the founder's origin, a product quirk, a user type — you have a Fansville waiting to happen.
WatchWatch for Dr Pepper to extend Fansville into gaming or interactive content next.
Read full analysis → Original ↗
brand-storycreative-strategyaudience-retentioncontinuity
MACALLAN 1926 Retail & Shelf Play Aug 28, 2:03 AM EDT
Bath & Body Works
Retail Dive ↗

E-commerce returns to growth after seasonal rebound

Bath & Body Works e-commerce returned to growth momentum, per Retail Dive, after a seasonal promotional lift and inventory refresh.

ReadingThe steal: seasonal brands leak margin by pushing inventory online too late or in wrong bundles. Map your peak three selling windows for the next year (holiday, back-to-school, summer) and set inventory and email sends 60 days before, not 30 days after, the peak. Run a test bundle that appears only online, not in retail — measure if it depletes faster because it is exclusive. If exclusivity drives velocity, you have a wedge to drive margin back into e-commerce.
MY STASH TAKEBath & Body Works has the luxury of seasonal rhythms — most brands try to flatten demand. If your product has a natural season, lean into it instead of fighting it. Send the email four weeks early, not one week late.
WatchWatch for Bath & Body Works to test subscription or loyalty-exclusive seasonal drops next.
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seasonalecommerceinventory-timingmargin
LOUIS XIII Event & Experiential Aug 28, 2:03 AM EDT
Carhartt
Digiday ↗

NFL partnership through stadium construction workers, not athlete endorsements

Carhartt aligned with the NFL through the tradespeople building Highmark Stadium rather than signing athletes, per Digiday and Modern Retail.

ReadingThe steal: do not sponsor the main stage — sponsor the people building the stage. If your brand serves a working audience, find the infrastructure or construction projects happening in your region and offer to outfit the crew. Film it. Post it. The audience sees their own world validated, not interrupted. For a smaller brand, this means finding local construction, renovation, or festival-build projects and offering product. The crew becomes the influencer, the project becomes the context, and authenticity costs less than a traditional sponsorship.
MY STASH TAKEThis is what happens when a brand stops chasing eyeballs and starts serving them. Carhartt did not try to make construction workers love football — it just made sure Carhartt showed up where the real work happens. That is not clever. It is honest.
WatchWatch for Carhartt to expand into infrastructure sponsorships beyond sports venues.
Read full analysis → Original ↗
experientialauthenticityaudience-alignmentsponsorship
PAPPY 23 Social Proof Play Aug 28, 2:03 AM EDT
Starbucks
Marketing Dive ↗

Martha Stewart ads reframe Pumpkin Spice Latte from basic to iconic

Starbucks used Martha Stewart and actor Belmont Cameli in tongue-in-cheek social content that directly addressed the 'basic' perception of the Pumpkin Spice Latte and reclaimed it, per Marketing Dive.

ReadingThe steal: when your product gets stereotyped, do not deny it — recruit someone whose taste is unquestionable to embrace it. Starbucks could have said 'the PSL is sophisticated,' and nobody would believe it. Martha Stewart saying 'yes, and' reframes the narrative in one post. For a smaller brand, if your product is called 'cheap' or 'basic,' find one credible voice in your space who will wear it openly and let their reputation do the work. Not a paid ambassador — a genuine user. Film it. Post it. Let the stereotype die by being co-opted.
MY STASH TAKEThis is the opposite of the usual move. Most brands run from stereotype; Starbucks ran toward it and brought Martha Stewart with them. That takes guts and taste.
WatchWatch for Starbucks to extend this tone into other seasonal launches.
Read full analysis → Original ↗
social-proofcelebrityperceptionnarrative
JOHNNIE BLUE Community Play Aug 28, 2:03 AM EDT

Unifying marketing and digital under one chief customer officer role

Kohl's created a new chief customer officer role uniting marketing and digital teams, per Marketing Dive, to break silos and drive consistent omnichannel experience.

ReadingThe steal: if marketing reports to one silo and e-commerce to another, you are shipping a fractured customer experience. A small brand can test this by running one promotion across email, social, and web and timing them to hit the same day — not staggered, not testing one channel at a time. If the coordinated push outperforms historical channel-by-channel sends by even 10%, you have proof that alignment is worth the org change. Do not wait for a title; start acting like the channels are one team.
MY STASH TAKEMost retailers have enough smart people to see the silo problem. The hard part is the org restructure — power, budget, egos. Kohl's pulled the trigger. Worth watching if the move actually shows up in their customer experience or if it is a title with no teeth.
WatchWatch for Kohl's to announce integrated campaign wins or channel performance data.
Read full analysis → Original ↗
omnichannelorganizationcustomer-experiencealignment
WELL POUR Retail & Shelf Play Aug 28, 2:03 AM EDT

New beauty assortment includes almost no Black-owned brands despite emergence focus

Target's refreshed beauty assortment aims to promote emerging brands but includes very few from Black entrepreneurs — of 90 listed brands, representation is negligible, per Modern Retail.

ReadingThe steal: if you are a Black-owned or underrepresented beauty brand, do not wait for Target's next refresh. Build your own direct channel, run a paid social test with $500, and measure if you can acquire a repeat customer for under $15. If yes, you have proof of concept — use that to approach independent retailers, Sephora, or direct-to-consumer channels. Retail discovery is slowing; owned channels are faster. Proof moves faster than equity statements.
MY STASH TAKEThis is not a scandal — it is a pattern. Retail curation defaults to lazy. If you are outside the default network, the move is to build yours. Waiting for representation is not a strategy.
WatchWatch for Black-owned beauty brands to accelerate DTC and partnership strategies with independent retailers.
Read full analysis → Original ↗
retail-curationequityrepresentationchannel-strategy
TUMIYETIPATAGONIATITLEISTCALLAWAYVINEYARD VINESCUTTER & BUCKCOLUMBIANIKEUNDER ARMOURNORTH FACECARHARTTSTANLEYHYDRO FLASKS'WELLMOLESKINELEATHERMANBOSEJBLAPPLE TUMIYETIPATAGONIATITLEISTCALLAWAYVINEYARD VINESCUTTER & BUCKCOLUMBIANIKEUNDER ARMOURNORTH FACECARHARTTSTANLEYHYDRO FLASKS'WELLMOLESKINELEATHERMANBOSEJBLAPPLE
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