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Issued Saturday, September 12, 2026 · 09:00 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 Generate Your Program in 30 seconds → Marketing Safety →
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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 Community Play Sep 12, 5:02 AM EDT
Reformation
Modern Retail ↗

Active customers grew 23% in first public earnings call

Reformation reported a 23% increase in active customers during its first earnings call as a publicly traded company, per Modern Retail.

ReadingThe steal: active customers (repeat buyers, not one-time triers) are the number Wall Street watches. To grow this tier, stop spending on acquisition and fold your biggest margin into retention — weekly emails tied to the customer's last purchase date, in-box reorder codes, early access to drops for the repeat cohort. Reformation's 23% came from turning the base into the sales force.
MY STASH TAKEA 23% jump in active customers is not a campaign flex — it's proof that a brand's own audience is outpacing new buyer spend. Most teams still chase acquisition like it's 2019. Reformation showed the math: lock the people you have, watch them compound. If your repeat rate is under 30%, you're leaving money on the table while chasing strangers.
WatchWatch for Reformation to tie active-customer growth to a specific retention mechanic in the next quarterly call.
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retentionloyaltyrepeat-buyersdtc
HENRI IV Influencer & Seeding Sep 12, 5:02 AM EDT

MrBeast campaign drove measurable traffic lift in back-to-school push

Old Navy's back-to-school campaign with MrBeast showed early promise with a documented traffic bump, per Marketing Dive.

ReadingThe steal: partner with a creator whose audience demographic matches your repeat buyer. Measure traffic, not just views. Old Navy didn't pay MrBeast for impressions — they paid for a traffic event. Run a small budget test with micro-creators (10K–100K followers) in your category, track URL clicks to cart, not social engagement metrics. The creators with the highest click-to-add rate become your Q4 roster.
MY STASH TAKEMost teams still book creators and cross their fingers. Old Navy measured the traffic. That's the difference between a vanity play and a paid channel that works. The insight buried in this: a creator's follower count means nothing if those followers don't shop. Test cheap, measure clicks and adds to cart, repeat with the winners.
WatchWatch Old Navy expand creator deals into holiday season and tie each partnership to a specific conversion metric.
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creatorinfluencertrafficconversion
MACALLAN 1926 Bundling Play Sep 12, 5:02 AM EDT

Crystal clutch bundled with comedy series for major US market entry

Cadbury paired a crystal clutch collectible with a comedy series for a major US campaign, per Marketing Dive.

ReadingThe steal: bundle your product with a cultural event or show the target already consumes. The physical object becomes the proof of fandom. Produce the clutch in small batches, tie availability to episode drops, let FOMO do the work. This is not product placement — it's a collectible that commands a secondary market. Run pre-order waitlists for each batch, sell out, watch resale prices climb, use that as proof to stock shelves.
MY STASH TAKECadbury could have just run ads during the show. Instead they made the clutch. Now the comedy is an ad for the clutch, and the clutch is an ad for the comedy. That's the shape of a real partnership — both sides move. For a smaller brand, find a podcast or creator series your audience watches, design one small collectible, drop it in three batches tied to episode dates, and watch it move.
WatchWatch for Cadbury to release limited clutch variants tied to specific episodes or seasons.
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collectiblebundlecultural-partnershiplimited-edition
LOUIS XIII Event & Experiential Sep 12, 5:02 AM EDT
Westman Atelier
Glossy ↗

Founder credibility took IRL with ShopMy affiliate pop-up model

Westman Atelier and ShopMy launched a multi-day pop-up to flex the founder's credentials as a tastemaker, per Glossy.

ReadingThe steal: if your founder has a point of view (in beauty, fashion, food, or home), host a mini-pop-up where attendees can buy your product AND three to five complementary brands the founder endorses. Charge vendors a small cut, cover the pop-up cost, and position your brand as the traffic driver. The founder becomes a curator, not just a merchant. Run this quarterly in three cities and measure founder mentions in attendee posts.
MY STASH TAKEMost beauty brands hide the founder behind the product. Westman Atelier put her at the center — as a taste editor. That's harder to scale but it sticks. If you're a solopreneur brand, this is your move: one pop-up per season in a city where your repeat buyers live, invite other makers, let your taste be the glue. Attendees leave with your product and a story about what the founder curates.
WatchWatch for Westman Atelier to expand pop-up frequency and measure affiliate revenue contribution.
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experientialfounderpop-uptaste-curation
PAPPY 23 Community Play Sep 12, 5:02 AM EDT

Couch Committee social format tied college football viewership to snack moment

Cheez-It convened a 'Couch Committee' during college football season, per Marketing Dive.

ReadingThe steal: during a live event your audience watches (sports, awards show, reality TV), launch a live social account or hashtag where fans can comment and your brand responds in real time. Stock snacks in-frame, make it part of the show. This works for any product tied to a viewing moment — beer, chips, pizza, energy drinks. Run it for four weeks during peak season, measure engagement per post, fold the winning format into the next live event.
MY STASH TAKECheez-It didn't sponsor the game — they showed up as a friend in the couch. That's the move a smaller brand can copy. Pick a live event your audience already watches, create a social account that runs commentary, make your snack visible in every post, engage with fans in real time. The format is free to run. The payoff is you own the second screen.
WatchWatch for Cheez-It to measure Couch Committee engagement against direct sales during game windows.
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sociallive-eventcommunityengagement
JOHNNIE BLUE Retail & Shelf Play Sep 12, 5:02 AM EDT

Retail media profit growth hit highest level since 2021

Kroger reported its strongest retail media profit growth since 2021, per Modern Retail.

ReadingThe steal: if you sell through a grocer with a retail media network (Kroger, Target, Walmart), run a small test: bid for a shelf-banner placement in the category aisle for two weeks during peak shopping day. Measure foot traffic (the grocer's system shows this), compare to your baseline cart adds. If shelf placement lifts adds by 15% or more, budget for a full-season run. This is cheaper than DTC paid ads and you're reaching in-store buyers already decided to shop.
MY STASH TAKERetail media is the quiet thing eating everyone's lunch. It used to be: buy shelf space, hope people find it. Now the shelf itself is an ad network. If you're a brand paying for Instagram ads to drive web traffic, but you also distribute through grocery, you're missing the faster conversion. In-store buys move faster at lower CAC.
WatchWatch for smaller DTC brands to shift spend from Facebook/Google into retail media networks as grocery chains expand ad inventory.
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retail-mediapaid-placementin-storegrocer
WELL POUR Retail & Shelf Play Sep 12, 5:02 AM EDT
Walgreens
Modern Retail ↗

Digital in-store screens repositioned as retail media unit

Walgreens is pushing digital in-store ad placements as a bigger part of its retail media business, per Modern Retail.

ReadingThe steal: Walgreens is still early. If you have a product that sells through drug stores, test a small screen placement in two to three stores for two weeks. Measure redemptions (coupons or promotions can be embedded), not just views. If redemption is above 3%, roll into more locations. This is lower competition than Google or Facebook because most CPG brands haven't figured out drug-store retail media yet.
MY STASH TAKEThis is watch territory. Walgreens tried digital screens before and they underperformed. This time they're being more careful about placement and measurement. It's not a done deal yet. But if they crack it, in-store screens become a real channel for CPG. Worth testing small now before the cost climbs.
WatchWatch for Walgreens to publish performance metrics on the new digital screen placements within 90 days.
Read full analysis → Original ↗
retail-mediadigital-displayin-storeemerging
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