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Issued Sunday, September 13, 2026 · 15:00 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 Influencer & Seeding Sep 13, 11:02 AM EDT
Molson Coors
Digiday ↗

Molson Coors ditched TV workflows, quadrupled creator engagement in months

Molson Coors partnered with Movers+Shakers to overhaul its creator approval and deployment process, moving from legacy broadcast timelines to rapid-response creator speed, per Digiday.

ReadingThe steal: most brands have a creator budget but a broadcast approval chain. Audit your sign-off path — if a creator brief takes more than three business days to greenlight, you're leaving 4x engagement on the table. Map the exact people who touch a creator deal and remove anyone who doesn't add a final yes. Test one campaign with a 48-hour approval window and measure engagement lift against your normal workflow. The faster your yeses, the faster creators move.
MY STASH TAKEEvery mid-size brand I talk to has this problem: a spreadsheet of creator partnerships that move at a snail's pace because legal, compliance, and brand guard every word. Molson Coors proved the opposite works. They didn't hire more creators or spend more; they got out of the way. That's the move almost nobody will copy because it feels risky — but the math is brutal. Quadrupled engagement is not a creative win, it's an operational one. Check your approval chain this week.
WatchWatch for other CPG brands adopting the same model and measuring time-to-first-content as a KPI.
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creatoroperationsspeedapproval
HENRI IV Community Play Sep 13, 11:02 AM EDT
Reformation
Modern Retail ↗

Reformation grew active customers 23% in first earnings call as public company

In its debut earnings report as a public company, Reformation cited a 23% year-over-year increase in active customers, emphasizing the strength of its retained customer base to Wall Street, per Modern Retail.

ReadingThe steal: when Reformation pitched Wall Street, they didn't lead with revenue growth or subscriber adds — they led with active customers. That's a retention play disguised as a scale play. If you track active customers (not just new customers or total customers), you have proof of a moat. Calculate your own active customer growth and test mentioning it in your next investor pitch, partnership conversation, or even in your email footer. Investors and wholesalers trust brands with proven repeat. Count it, own it, cite it.
MY STASH TAKEMost physical-product brands obsess over unit sales and revenue. Reformation switched the conversation to the one metric that actually matters — people who buy from you more than once. That's harder to fake and harder to get wrong. If you're a smaller brand trying to pitch wholesalers or bring on partners, your active-customer growth is a better argument than your top-line. Count only customers who've bought in the last 12 months. That number is your moat.
WatchWatch for more apparel and DTC brands citing active customer growth as their primary success metric in earnings and investor materials.
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retentioncustomerloyaltymetrics
MACALLAN 1926 Retail & Shelf Play Sep 13, 11:02 AM EDT
Caliwater
BevNet ↗

Caliwater leads cactus water category, accelerates largest retail push to date

Caliwater, the No. 1 cactus water brand in U.S. multi-outlet retail, announced its largest retail expansion in company history, per BevNet.

ReadingThe steal: don't ask for retail expansion until you own the category. Caliwater became the number-one cactus water brand in multi-outlet retail first. That leverage — that proof of sell-through — is what got them their largest expansion. If you're in a growing category, your job is to be the clear leader in that category before you pitch bigger chains. Use smaller retailers as proof, then walk those numbers into bigger ones. Category leadership opens the door to distribution.
MY STASH TAKEMost brands chase retail by pitching their features. Caliwater did the opposite: they became the undisputed category leader first. That's a totally different conversation with a buyer. You're not asking them to take a bet on your brand — you're asking them to stock the category leader they're already losing customers to. That's a selling conversation, not a pitching conversation.
WatchWatch for Caliwater's shelf-space expansion to hit major grocers and whether they defend market share against new cactus water entrants.
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retailcategorydistributionexpansion
LOUIS XIII Influencer & Seeding Sep 13, 11:02 AM EDT

Old Navy's MrBeast back-to-school campaign drove traffic lift with creator

Old Navy partnered with top YouTuber MrBeast for a back-to-school campaign that showed early promise, including a documented traffic bump, as Gap Inc.'s retailer restructures its creator strategy, per Marketing Dive.

ReadingThe steal: when you pitch a creator partnership to internal stakeholders, don't lead with reach or impressions. Lead with the traffic metric that matters to your business — store visits, site sessions, or add-to-cart lift. MrBeast's audience doesn't care about Old Navy; but the people who saw his content and visited Old Navy do. Test a creator campaign with a unique code or landing page so you can count the traffic yourself. Measure it. Show the number. That's how creators go from one-off deals to core budget.
MY STASH TAKEOld Navy is a big retailer making a smart move: they're betting on creators instead of broadcast. But what matters is they're actually measuring it. Too many brands do a creator deal, assume it worked because the creator has millions of followers, and move on. Old Navy measured the traffic lift. That's the move. If you're running a smaller campaign, pick one creator and track exactly what they drive. One person driving real traffic is worth ten people with big follower counts and no attribution.
WatchWatch for Old Navy to expand this model beyond back-to-school and tie more creator deals to traffic and conversion metrics.
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creatorretailtrafficattribution
PAPPY 23 Retail & Shelf Play Sep 13, 11:02 AM EDT
Walgreens
Modern Retail ↗

Walgreens adds digital in-store ad screens, tightens ad placement targeting

Walgreens announced plans to add digital screens with advertising capabilities in stores and focus on higher-performing ad placements as it expands its retail media business, per Modern Retail.

ReadingThe steal: if you sell through a retailer with a growing media network, ask them which in-store placements get measured and which don't. Digital screens are trackable; traditional shelf signage isn't. Offer to co-invest in a digital placement test (endcap digital ads, checkout screen ads) with performance guarantees. That deal is more attractive to retailers than a static display because both of you can see what moved. Run a two-week digital ad test, measure foot traffic and sell-through, show the number to the retailer, then expand.
MY STASH TAKERetail media networks are becoming the real lever for brands. Not because it's new, but because it's finally trackable. Walgreens is smart to tighten their placements instead of just adding more screens. Most retailers would just stuff the store with ads. Walgreens is learning which ones actually work, which means they'll charge more for the good spots and eventually force brands into performance-based deals. Get ahead of it now.
WatchWatch for other major pharmacy and grocery chains to add digital in-store networks and tie placement pricing to performance.
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retailmediadigitalin-store
JOHNNIE BLUE Retail & Shelf Play Sep 13, 11:02 AM EDT

Kroger's retail media business reports strongest profit growth since 2021

Kroger reported its best retail media profit growth since 2021, signaling the increasing centrality of its ad business to the grocery chain's bottom line, per Modern Retail.

ReadingThe steal: if you're selling CPG or food products through major grocers, your media spend in their ad network is now as important as your promotional spend. Ask your retail contacts directly: what is the CPM for your brand's placements, and how does it compare to competitors? Then calculate the ROI — if you spend $1 on a Kroger ad impression, how much incremental revenue do you drive? If you can't answer it, your account manager will. That number determines whether media should come out of brand budget or trade budget.
MY STASH TAKEGrocery chains have finally figured out what was obvious five years ago: they have better first-party data than any ad platform. They know who's buying what, when, and where. Kroger's retail media profit surge isn't about innovation — it's about scaling what already works. If you're a brand selling through them, you need to shift budget into their ad network. The days of negotiating shelf space purely through direct relationships are ending.
WatchWatch for smaller regional grocers to launch or expand their own retail media networks to compete with Kroger.
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retail mediaprofitabilityadvertising
WELL POUR Influencer & Seeding Sep 13, 11:02 AM EDT
Stack Influence
USA Today ↗

Stack Influence claims top micro-influencer platform ranking in 2026

Stack Influence, a vetted creator network platform, reports it has surpassed 11 creators in its roster and cites itself as the top micro-influencer platform in the USA, per USA Today.

ReadingThe steal: if you're running product seeding or small creator partnerships, micro-influencer platforms can aggregate supply and quality. Before you sign up, ask for three case studies from brands similar to yours and ask what actual ROI (not reach) they drove. Don't evaluate the platform on its own claims — evaluate it on third-party creator results. One documented win beats ten platform promises.
MY STASH TAKEEvery platform claims to be number one at something. Stack Influence says micro-creators, which is actually a smart wedge — there's real demand for 10k-100k accounts that move product without the MrBeast price tag. But I'd want to see real campaign data before I put budget there. Watch this space, but verify before you commit.
WatchWatch for Stack Influence to publish creator earnings data or brand case studies that prove creators and brands actually move budget through the platform.
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micro-influencerplatformcreator network
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