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Latest podcast episodes about merchants

NRL Boom Rookies
Question Time - Reptile Merchants

NRL Boom Rookies

Play Episode Listen Later Aug 11, 2022 72:58


It's time for another Question Time!This week;Paul Green's tragic passingManase Fainu found guiltyCoal Train Cup#RookieTakesWho are some of the corniest athletes/coaches in sport and are any of them cornier than Russell Wilson? If you could only watch 1 movie for the rest of your life what would it be?What are your top three movie or TV dogs? In honour of Dylan Edwards' 100th game who would be in your Merchants 17 and why? Which NRL Big Man is most likely to grill on the roof?Support us on Patreon at: https://www.patreon.com/nrlboomrookiesBuy merch at: https://rugbyleaguemerch.com/collections/boom-rookies Our GDPR privacy policy was updated on August 8, 2022. Visit acast.com/privacy for more information.

Drinks Adventures
McWilliam's Wines aftermath: Introducing the new owners

Drinks Adventures

Play Episode Listen Later Aug 11, 2022 29:11


Season 6 of the Drinks Adventures podcast featured a documentary episode on https://drinksadventures.com.au/2020/08/09/mcwilliams-wines-concludes-143-years-of-family-ownership-s6e4/ (The Rise and Fall of McWilliam's Wines). There are some loose ends for us to tie up, as the 143-year-old company's anticipated sale to Prcstnt Asset Management https://drinksadventures.com.au/2020/12/10/mcwilliams-wines-sale-falls-over/ (ultimately fell over). In this episode, you'll meet the winery's new owner, Calabria Family Wines, which was established in the Riverina in 1945 by Italian immigrants Francesco and Elisabeth Calabria, and is today led by second generation family member, Bill Calabria AM. Bill is still on the winemaking team today, and he joins us this episode along with his sons Andrew Calabria, the company's sales and marketing manager, and Michael Calabria, general manager. The year 2022 was pivotal for Calabria, as the company acquired the McWilliam's Wines brand and Hanwood Winery along with Deakin Estate and La La Land Wines, cementing it among the largest family-owned wine groups in Australia. Vintners & Co. Merchants is the new distribution arm of the company representing Calabria Family Wines' international distribution partnerships and https://drinksadventures.com.au/2022/08/01/fontanafredda-barolo-partners-with-calabrias-vintners-co-merchants/ (includes the Italian brands Fontanafredda), Canti and Librandi, prestigious Portugal port house Dow's, Argentinian winery Dona Paula, and renowned French champagne producer Champagne Deutz. “We have rapidly expanded from a single producer-owned and operated wine company to a wine group housing some of Australia's best-loved wine brands and a selection of diverse international wine distribution partnerships," Andrew Calabria said in a statement. The new brands and products will be serviced by the Calabria Family Wine Group sales team, which has added seven new members, mainly from McWilliam's Wines. Calabria also appointed sixth generation family member, Scott McWilliam, as global brand ambassador for the McWilliam's brand. And first up this episode, I asked Scott what had happened since that supposed 2020 sale of McWilliam's, which seemed like a done deal.

Living Wholehearted Podcast With Jeff and Terra
Episode 141: A roadmap for LESS conflict using the Core Values Index (part 2 of 2-part series)

Living Wholehearted Podcast With Jeff and Terra

Play Episode Listen Later Aug 9, 2022 41:56


This second part of the Core Values Index series addresses the very heart of conflict. Did you know every wiring has a unique type of conflict strategy? Using the wisdom of the Core Values Index, Jeff and Terra explore how our unique wiring gives us clues about why we act the way we do and how we can better navigate our relationships - at home, at work and in the community. If you missed episode 140, make sure you listen before diving into this one.   If you are not familiar with the Core Values Index, the Mattsons have used this time-tested assessment for the last 12 years in their counseling and organizational development practices, helping parents, couples, families and organizational teams grow in their understanding of self and others. The CVI is over 97% reliable and helps us understand what motivates us and what brings anxiety. Listen in as Jeff and Terra share insight about how Merchants, Builders, Innovators and Bankers navigate conflict. This conversation is sure to help you understand your wiring and grow in compassion and empathy for yourself and others.   For more information about the Core Values Index, listen to episodes 2-5 of the Living Wholehearted Podcast   Jeff Mattson (MA ORGL) and Terra Mattson (MA LPC, LMFT) are the husband and wife team who co-founded Living Wholehearted and Courageous Girls. Living Wholehearted is a professional counseling and organizational leadership development firm outside Portland, Oregon, and Courageous Girls is a global movement and curriculum helping moms walk with their daughters at every stage of their growing years. Terra is a Licensed Marriage and Family Therapist, Licensed Professional Counselor, Executive Coach, speaker, and author of Courageous: Being Daughters Rooted in Grace (David C. Cook, 2020). Jeff is a former pastor, executive coach, organizational development consultant, and speaker. Together they co-authored Shrinking the Integrity Gap: Between What Leaders Preach and Live (David C. Cook, 2020).   As spokespeople for ChristianParenting.org and national speakers, they are now reaching millions of leaders and parents. Their audience is expanding daily with new initiatives like the American Association for Christian Counselors' Nathan Project, helping pastors live with integrity, and the Christian Parenting Dear Mattsons YouTube series, answering real parenting questions from real parents. With two decades of experience in leadership coaching and trauma-informed therapy, they have the privilege of training and equipping leaders in for-profit and not-for-profit spheres, helping them address the people-issues that keep them up at night. They believe that wherever you go, who you are matters more than your title.   Terra recently partnered with Christian Parenting to create one-to-one courses for moms to walk with her daughter at every stage of her growing years. It's called “A Christian Parenting Guide: Helping Moms Raise Confident Daughters”. Go to CPGUIDES.ORG to learn more. To connect with Jeff & Terra Mattson and Living Wholehearted, go to: Instagram @TerraMattson @Living_Wholehearted @MyCourageousGirls Facebook @WeAreLivingWholehearted @MyCourageousGirls Websites LivingWholehearted.com MyCourageousGirls.com TerraMattson.com   Resources Shrinking the Integrity Gap Shrinking the Integrity Gap e-Course Courageous: Being Daughters Rooted in Grace Dear Mattsons Helping Moms Raise Confident Daughters

TIME's The Brief
Amid China's Protests, Nancy Pelosi Says the U.S. Will Not Abandon Taiwan... and More Stories

TIME's The Brief

Play Episode Listen Later Aug 3, 2022 27:04


Included in this episode: 1. Amid China's Protests, Nancy Pelosi Says the U.S. Will Not Abandon Taiwan 2. Column: Critical Race Theory's Merchants of Doubt 3. At a Nevada Gas Station, Charles Koch Aims to Remind Voters of the Good Ol' Days .

Meeple Nation Board Game Podcast
MN 434 Merchants of the Dark Road

Meeple Nation Board Game Podcast

Play Episode Listen Later Aug 3, 2022 34:45


Meeple Nation Episode 434 This week we are talking about Merchants of the Dark Road, a 1-4 player game designed by Brian Suhre, released through Elf Creek Games, and plays in 60-120 minutes. Come join us at the game table.

TIME's Top Stories
Column: Critical Race Theory's Merchants of Doubt

TIME's Top Stories

Play Episode Listen Later Aug 3, 2022 11:57


What is more divisive than outlawing basic descriptive facts about American history?

Living Wholehearted Podcast With Jeff and Terra
Episode 140: Living by our design through the lens of the Core Values Index (part 1 of 2-part series)

Living Wholehearted Podcast With Jeff and Terra

Play Episode Listen Later Aug 2, 2022 36:24


Living with integrity is not just about living from the right motives. It's about living within one's design and learning to love your limits. Have you ever wondered how your wiring impacts the way you communicate, your energy levels, your passions, your anxieties and your greatest contributions to any community? This week, Jeff and Terra take time to share insights, based on their experience using the Core Values Index (CVI), that will impact every relationship that matters to you. If you are not familiar with the Core Values Index, the Mattsons have used this time-tested assessment for the last 12 years in their counseling and organizational development practices, helping parents, couples, families and organizational teams grow in their understanding of self and others. The CVI is over 97% reliable and helps us understand our innate wiring. Listen in as Jeff and Terra share a bit about the four CVI types: Merchants, Builders, Innovators and Bankers. Listen in on this two week series to help you better understand who you are, how you operate, and next week, how you can better navigate conflict!   For more information about the Core Values Index, listen to episodes 2-5 of the Living Wholehearted Podcast.   Jeff Mattson (MA ORGL) and Terra Mattson (MA LPC, LMFT) are the husband and wife team who co-founded Living Wholehearted and Courageous Girls. Living Wholehearted is a professional counseling and organizational leadership development firm outside Portland, Oregon, and Courageous Girls is a global movement and curriculum helping moms walk with their daughters at every stage of their growing years. Terra is an Executive Leadership Coach, Licensed Marriage and Family Therapist, Licensed Professional Counselor, speaker, and author of Courageous: Being Daughters Rooted in Grace (David C. Cook, 2020). Jeff is a former pastor, executive coach, organizational development consultant, and speaker. Together they co-authored Shrinking the Integrity Gap: Between What Leaders Preach and Live (David C. Cook, 2020).   As spokespeople for ChristianParenting.org and national speakers, they are now reaching millions of leaders and parents. Their audience is expanding daily with new initiatives like the American Association for Christian Counselors' Nathan Project, helping pastors live with integrity, and the Christian Parenting Dear Mattsons YouTube series, answering real parenting questions from real parents. With two decades of experience in leadership coaching and trauma-informed marriage and family therapy, they have the privilege of training and equipping leaders in for-profit and not-for-profit spheres, helping them address the people-issues that keep them up at night. They believe that wherever you go, who you are matters more than your title.   Terra recently partnered with Christian Parenting to create one-to-one courses for moms to walk with her daughter at every stage of her growing years. It's called “A Christian Parenting Guide: Helping Moms Raise Confident Daughters”. Go to CPGUIDES.ORG to learn more. To connect with Jeff & Terra Mattson and Living Wholehearted, go to: Instagram @TerraMattson @Living_Wholehearted @MyCourageousGirls Facebook @WeAreLivingWholehearted @MyCourageousGirls Websites LivingWholehearted.com MyCourageousGirls.com TerraMattson.com   Resources Shrinking the Integrity Gap Shrinking the Integrity Gap e-Course Courageous: Being Daughters Rooted in Grace Dear Mattsons Helping Moms Raise Confident Daughters

Good Christadelphian Talks Extended
Matthew Blewett - Class 5: Pictures: Merchants of Babylon

Good Christadelphian Talks Extended

Play Episode Listen Later Aug 2, 2022 47:39


Class 3 from this series was used in GCT Episode 202

FOCUS
Episode 407: Understanding the New PCI Standards for Higher Ed

FOCUS

Play Episode Listen Later Aug 2, 2022 21:35


The latest version of the Payment Card Industry Data Security Standard (PCI DSS) was recently released and higher ed institutions should start preparing to comply. Adherence to the new PCI DSS 4.0 will require colleges and universities to update how they manage PCI compliance campuswide. To outline the major points of the new standards and how to approach, FOCUS podcast invited Walid Barakat to share his expertise on the subject. Barakat is the senior vice president of IT governance, risk, and compliance at Global Payments, where he and his team are responsible for PCI compliance, merchant compliance, IT risks, and cloud business. What is PCI DSS 4.0? Like past standards, PCI DSS 4.0 is a set of payment security regulations for organizations (merchants) that process transactions with payments cards. Merchants are partnered with an assessor to understand the maturity level of their security and advise in ways to strengthen security programs. PCI DSS 4.0 is a complete rewrite of the existing 3.2.1 standard, created with feedback from the PCI community. Requirements have been restructured to include the intent behind them and how to validate them. With this fresh new look at security standards, the goal of PCI DSS 4.0 is to ensure security year-round. “There are some new requirements to really drive best practices, recommendations, and enhanced accountability for organizations to maintain compliance year-round,” said Bakarat. “Not just when it's time for the assessment, or working directly with an assessor.” What institutions can expect The latest version of PCI standards includes clearer requirements, more testing guidance, and the opportunity for institutions to work with an assessor to tailor the validation approach to their unique environment. The new regulations place greater ownership on merchants, encouraging campuses to review their security posture to see how controls are being met. When it comes to the timing of PCI DSS 4.0 implementation, institutions are offered a multi-phase approach. The first phase begins in March 2024 with a small set of requirements focused on defining roles and responsibilities and higher-level risk posture. This will set them up for remaining requirements that will become effective in March 2025. Institutions will need to minimize their security profile, which can be done with multi-factor authentication (MFA). Ensuring that MFA, appropriate security controls, and firewalls are properly in place and documented minimizes the scope and threat vector for PCI assessing and overall security risk. The PCI Council has made PCI DSS 4.0 available to the public, which means anyone who accesses the council website can easily confirm how they've been using documentation, see a comparison to prior standards, and see published awareness documents and FAQs. The importance of assessors and ISAs Barakat suggests two ways for institutions to go about processing PCI DSS 4.0 and moving towards compliance. The first is to take advantage of the time between now and 2024 to partner with the assessor to understand what the current security posture is and take their guidance under consideration. The assessor will be able to show institutions where they might need to provide additional emphasis and maturity in controls. The second approach is training current staff members to become internal security assessors (ISAs). With an ISA, institutions are able to have someone who already knows the ins and outs of systems be trained by the PCI Council's program to understand standards, the overall PCI process, and what is needed for reports on compliance. The council will also offer free PCI DSS 4.0 training to all ISAs, making it even easier for compliance to take place. Final advice Barakat's final advice to colleges and universities is to always have defined roles and responsibilities among staff and make sure everyone is able to understand how their daily tasks add to compliance. He also advises institutions to make good use of documentation for more streamlined assessments. A transparent relationship with the assessor and listening to their guidance throughout the entire year are also key. Find additional resources on PCI DSS 4.0 here. Looking for tips on how to build a strong PCI foundation? Download TouchNet's PCI Explained eBook for an introduction to payment card terminology, how payments are processed, and best practices in building resources and processes vital to streamlining PCI compliance. Special Guest: Walid Barakat.

The Jason & Scot Show - E-Commerce And Retail News
EP294 - Amazon Q2 Earnings

The Jason & Scot Show - E-Commerce And Retail News

Play Episode Listen Later Aug 1, 2022 52:55 Very Popular


EP294 - Amazon Q2 Earnings . Episode 294 is a breakdown of Amazon's Q2 2022 earnings. Episode 294 of the Jason & Scot show was recorded on Sunday July 31, 2022. http://jasonandscot.com Join your hosts Jason "Retailgeek" Goldberg, Chief Commerce Strategy Officer at Publicis, and Scot Wingo, CEO of GetSpiffy and Co-Founder of ChannelAdvisor as they discuss the latest news and trends in the world of e-commerce and digital shopper marketing Transcript Jason: [0:23] Welcome to the Jason and Scot show this is episode 294 being recorded on Sunday July 31st 2022 I'm your host Jason retailgeek Goldberg and as usual I'm here with your co-host Scot Wingo. Scot: [0:38] Hey Jason and welcome back Jason and Scott strip show listeners well we have had a plethora of vacations Jason did a business trip he's going to report on over it in our F and then I had a little covid situation so it's been The Universe has been trying to keep us from podcast so it's great to be back in the saddle tonight Jason. Jason: [0:59] I am thrilled to be chatting with you on a rare Sunday night this is unusual for us. Scot: [1:04] It is it is usually we watch our Disney movies have a little popcorn in called an evening but tonight we're going to throw down a podcast. Jason: [1:11] We I feel like we need to get ahead a little bit because you know there's a new Game of Thrones series coming soon. Scot: [1:16] I know and Lord of the Rings we got a lot a lot of geekdom kind of happening all at once here. Jason: [1:23] Exciting stuff and even more exciting than all of that Scott I'm super grateful that you're feeling well and recovered but mental picture for our listeners I have a mild version of what Jason considers a tan for the show which is super rare. Scot: [1:40] Wow and that is because you went to a that summer in RF show that's out in a ranch somewhere tell us about that. Jason: [1:48] Yeah I doubled down so I had a week of vacation in Upper Lake Michigan and then I went straight from there as one does when you work hard to a quote-unquote work trip which is in Ranchos Palos Verdes at The Tiara new resort on the beach in southern California. Scot: [2:07] Cool and then so I've been turning our F of n this time of year that was called the merchandise or the merch conference is that what you want to. Jason: [2:16] You are old school so originally when shoppbs.org and NRF were two separate entities shoppbs.org had a, fall summer event at this Resort that was exclusively focused on like digital merchandising and you're exactly right it was a great event called the merch Summit. And so this is kind of the spiritual successor to that than in a ref also had a event at the same time of year that was called the CIO Summit where all the cios got together and so they've kind of mashed those two events together change them a little bit try to make it even more inclusive and they now call it an RF Nexus and so it's focused on, really forward-looking Trends and technologies that are relevant to e-commerce professionals to digital leaders to cios and to see a Moe's so there was a you know kind of like senior execs across it marketing and. Digital all in attendance. Scot: [3:17] Nice nicer than what was the was there a topic to the event or what. Jason: [3:24] So there are a range of forward-looking topics. Like probably the trend that topic that got brought up most were various aspects of the metaverse and some of those conversations came very close to getting me kicked out of the. Scot: [3:43] Because you are. Jason: [3:45] Because I've become. Scot: [3:46] VR headsets. Jason: [3:47] I become a huge cremation. I know that's shocking to listeners who find me like wildly optimistic but you know we had a lot of outside speakers talking about the metaverse and. Spoiler alert I think the metaverse is super interesting it absolutely could be an important part of the future and when people say metaverse they're mostly talking about three things that don't necessarily go together but can which is. In ftes and blockchain stuff they're talking about the actual metaverse which is kind of like you know virtual reality and they're also talking about web 3.0. [4:24] And so they brought in a bunch of authors and subject matter experts, that are super bullish and are like it's a foregone conclusion that the future is with three and everyone's going to abandon web 2 and if you haven't already gone your, wheezes and secured your property in the metaverse then you're stupid and you're going to lose huge sums of money. And I disagree with most of that like I feel like it's. Wildly more up in the air than that and like at the moment first-movers that have tried to do Commerce things in the meadow verse have made more mistakes than not and so I spent a fair amount of time. Like debunking some of those claims and highlighting some of the catastrophic mistakes that people have been making when they when they try to make a splash in the metaverse Without Really knowing what they're doing and, I choose to believe that the attendees appreciated that counter perspective but I don't think some of the speakers appreciated being challenged. Scot: [5:20] What to do a deep dive where you essentially just dumped on the metaverse Jason dumps on the metaverse. Jason: [5:27] Well or. Scot: [5:28] Be part of our curmudgeon series. Jason: [5:29] Yeah a dose of reality about them again it could be a big thing I'm not saying it's not I'm just saying it's not a guaranteed big. And then a close cousin of that that I spoke was, the future of artificial intelligence for Commerce and I'm kind of and we've talked about this before but I'm kind of a curmudgeon on that as well only because. I think focusing on artificial intelligence is kind of silly like to me artificial intelligence is a tactic not an outcome and there are a bunch of super exciting outcomes that are, made much better by using artificial intelligence and so I talked about some use cases that I'm super excited about. But but I you know caveat that with they're not super exciting just because of the math that causes them to be artificial intelligence their super exciting because they help people find more stuff to buy and have more successful shopping trips. Scot: [6:26] Cool well that's that's definitely out there and we have history on the show of given our listeners more of the hot truth of what's going on right now so it was a it was a really interesting second quarter reporting period so we wanted to spend the bulk of our time today reporting on that I want you to lay the scene for us mr. US Department of Commerce what what's what are the things feeling like there and then you know I think we're all pretty red in on the macro that consumer confidence is like what 10 20 year lows inflation's at 40 year highs we had two quarters of negative growth that used to be called recession but no longer is called a recession. So yeah so. So that's kind of the macro backdrop and then then I saw you had done your normal really great analysis of the US Department of Commerce what's that looking like. Jason: [7:18] Yeah and there's not a lot like super game-changing in the in the monthly data from the US Department of Commerce I like is you just kind of called out I feel like we've just made this transition from. Overheated economy due to stimulus and extra covid demand and certainly a greater level of uncertainty and fluctuation but like in general, really robust retail sales to now we're having really robust retail sales because of inflation and so you know, looking at the numbers they're pretty consistent with the last couple months of numbers we've seen and so in general like July retail sales were up 8.3% from July of last year, and year-to-date all retail sales from from January through July of this year are up 8.8%, from July of last year so ordinarily we would expect retail to be up. [8:11] I'll call it you know three to four and a half points so being up 8.8 is a. Significantly higher growth obviously a chunk of that growth is. Fairly attributed to inflation and people having to spend more. But you know inflation is kind of I feel like is misunderstood and people talk about about it being one number consumers spend a bunch of money on a big basket of goods and the amount of inflation on each item in that basket of goods. Varies wildly right so the amount of inflation we're seeing in gasoline. And certain food items is really high consumer electronics are actually deflating it's a you'll get a cheaper TV this year than you did last year right so. So you know if you break down in a segments. Segments that have high inflation and you know we're negatively affected by the pandemic the last couple of years are killing it right now so it's a great time to own a gas station like that. Gas stations are up 50% year-over-year. Scot: [9:10] Yes cool and then it's too early to get the online number from the US Department of Commerce right that that's got it. Jason: [9:17] Yeah we don't have the quarterly number but the proxy that we do get is this like non-store sales and that's a nine point six percent from last year so we're where the brick-and-mortar number is up more than you would usually expect the. The non-star sales are e-commerce is up even higher but, probably a little lower than you would ordinarily expect we're kind of used to that kind of twelve to fifteen percent growth in the so you know 10% growth is a is a little bit lower. Scot: [9:50] That's because we're that they've got a comp problem because last year was such a surgery or with covid. Jason: [9:54] Exactly exactly. Scot: [9:56] Okay so that's one set up and then the other one was for some reason we've entered this interesting period where Snapchat is one of the first companies to report and. Jason: [10:06] They need to change that by the way. Scot: [10:07] Yeah I don't think that's her they like it. Because in our Recaps they've been kind of the first one to take it on the nose and it wasn't any different this quarter so July 21st they came out. And it was just a total mess and lower and a poop show because last quarter they basically said we got a handle on this we know what's going on with ID fa. You know I'm going to another Victory lap on this because I feel like you and I were like super early on I DFA and it's really coming home to roost and interesting ways and Snapchat continues to be a, non beneficiary of those changes but then addition to that, you're more in that business that I am but I've got to imagine that when you see recessionary head winds and and everyone's tucking in their expenses one of the first things that you look at is your ad spend right and you know maybe it's not a great place to be if you're Snapchat basically saying hey you know we're not really good anymore and measuring what's going on with your ads because it feels like I guess people would cut that they've also become you know one of the smaller platforms so I imagined. They're probably out on experimental ring of AD spend and maybe they get cut from that too so they had a double whammy of both kind of micro meaning I DFA and then macro softness so that was just a total total nightmare quarter for them. Jason: [11:33] No do it wasn't pretty 100% agree like I do think we call the that I DFA was going to be pretty substantial to some of these businesses but I do think. Some of there's like there they were mostly trying to blame it all on IDF a and I do think there's some softness in. Digital marketing spend right now right I guess you go into recession it's not the right thing to do but you know a lot of people that are nervous about their economic future are you know slow down their marketing spend right and it's kind of like when when you start to Skid on the ice. You know it's not very smart to hit the brakes but it's human nature to hit the brakes and and you know some people people are doing that right now and I think some of their their softness and then you know some of the softness in the other AD platforms we're going to talk about, is is related to that recessionary fear and the ongoing impact of the various privacy initiatives. Scot: [12:30] Yes so then we were all like okay that's that's Snapchat maybe it's isolated and then we had five days till Google was going to announce, or / alphabet there called a whole I will always call them Google and then there was a surprise announcement on July 24th Walmart basically came out and said hey we need to update our guidance that they had already lowered, for the quarter and they basically said sales are decent but profits are going to be way below kind of what we were talking about and they specifically called out some inventory problems so the CEO they now have everyone has a there's like 16 CEOs at Walmart or something but the CEO of us said, there's probably 20 percent of inventory if you could just wish it away and make it disappear you would, and then around that same time Target also came out and I think there's was even more severe, and then Walmart called out apparel as a problem area where basically I guess when you look at kind of your your wallet where you're spending money there's always, can't live without groceries but you can live without like that 10th pair of socks or, or a new outfit or something like that so it seems like consumers are definitely slowing down dramatically on the apparel side did you parse anything else out of the Walmart announced. Jason: [13:51] Yeah I mean I feel like those are the main two takeaways I Walmart in particular like they're got they reduce their guidance from like eleven percent profit 21 percent profit right so pretty meaningful and essentially what they said is a we're starting to see significant changes in consumer Behavior as a result of the recession and or as a result of the inflation I should say and the the specific behavior we're seeing is people are spending more on Essentials and less on non-essentials and the non-essentials are more profitable for us so our mix is getting less profitable which is why we're adjusting our guidance and it also means that we have too much of these non essentials we were already you know heavy on them because we over ordered, during all the supply chain crisis and now we're having trouble moving them so Walmart didn't say this but a lot of other pundits have said this like you can expect to see all these Goods at Walmart and Target start to really get discounted and in one weird way, that's potentially good news for the economy because that that could actually help counter some of the inflation that everyone's talking about. Scot: [14:56] Yeah yeah 10% profit change at Walmart's like a 40 billion dollar number. Jason: [15:02] Yeah I will say and you you're the stock market guy I'm not right so not shocking you come out and you revise your guidance in significantly down like that and not tracking your stock takes a pretty big haircut right so everyone wrote articles talking about the dipping the stock I happen to pick the stock right before we went on the show and its back it's completely rebuilt. Scot: [15:23] Yeah it's always better to take your medicine and then if you're going to do it kitchen sink it and throw in some stuff because it's an expectation machine not necessarily an absolute. Machine okay so then everyone was like well that's not good but maybe it's isolated to stores let's see what Shopify does well then well then Google came out and Google was mixed probably less bad than people thought so their Core Business which is people going to google.com and typing in stuff it exceeded expectations but their ad business and then their YouTube business were under pressure and they basically kind of counteract that each other where they did talk about you're more macro head runs around the ad world and that advertisers were pulling back so they kind of, added on to that Snapchat message of some softness with ad spend. Jason: [16:11] Yeah and just for Google followers I would add you know they're interested in comments Commerce particularly interesting just remember like the president of Google Commerce recently left, Bill ready to go to Pinterest right so they haven't announced a new head yet like I'm expecting them to call me any day so we'll see where that goes but previously one of the things they'd really been leaning into was YouTube for Commerce and they've added a ton of Commerce capability to YouTube and it it varies it doesn't seem like that paying off quite yet in the Google world. Scot: [16:47] Yeah and then everyone's like well let's see what Shopify does in so let's see after market close 26 was Google and then everyone was expecting Shopify to do something the next morning well then that evening Toby put out a Blog post saying hey we're laying off 10% of folks and then I was like oh boy that's not good the quarter must be really really bad. And it was really interesting to his credit I think Toby did a really good job in his blog post it's never easy to do these types of layoffs and I thought he did an exceptional job of laying out, why and essentially taking the blame for it basically saying he made a bet that this would be a pull forward it was you know. [17:32] And then when you're in the thick of it you do that was our logical, thing to think could happen and instead now we're reverting to the mean and they've gotten way out of their skis what did you think about and then the next morning because he had taken their medicine, it wasn't quite as bad and then Wall Street actually likes it when Shopify gets rid of expenses because they've added there, that's like a thousand people to them that they laid off our 10% so they've grown their head count up to this kind of astronomical 10,000 folks and then they, is one of those little quizzical because then they said you know it's not going to change our ability to innovate or do anything basically so then you're kind of like wow I wonder wonder hey how's it feel to be one of those thousand people here in that part of the message and then be you know what did they do that you didn't really need them and they were in the sales they have all these content management people so kind of not developers not product and so part of their message was they were going to double triple down on on product development and adding features. Jason: [18:33] Yeah I'll be interested to see how it plays out I got a ton of pings after that announcement because everybody did a Victory lap on my corpse right like everybody's calling and going ha ha mr. e-commerce guy e-commerce was an anomaly like it was it was big during the the pandemic but but now it's all gone see even Toby like over-invested in e-commerce and then he had to come out and say that he Comer sucks now. And so a I got a bunch of those kind of troll tweets that I had to respond to. And you know I have my own kind of issues / concerns with Shopify so a I would say. That shopify's actually been slower than I would like to see in product development leading up to this and in particular they have a product that's aimed at more Enterprises and less. Tiny businesses that's called the Shopify plus and most of the folks I talked to that have. Invest in Shopify plus I've been pretty disappointed with the rate of innovation and product development on that platform and a bunch of the people that got laid off. [19:38] Where the teams associated with Shopify plus so that seems. Interesting to me and I will tell you that like in Toby's announcement he published this this US Department of Commerce Economic Development. Which of course you and I are super familiar with and we talked about all the time but eat accurately represented it right like that there's, e-commerce has been at the certain rate and during the you know from 2022 2022 we had this crazy Spike and you know if you look at where it is now and you draw a dotted line to the growth you would have expected before the the pandemic like the. The line is barely above where you would have expected so they called that regressing to the mean and you know gosh we exuberantly over-invested in now that it's come back to the mean we have to right-size. And so the only thing that's wrong with that graph is it's kind of a it visually doesn't represent, the huge amount of growth that's in the mean like the mean is very high so, from 2022 2022 we added four hundred and twelve billion dollars a year of e-commerce sales so e-commerce in United States of America Grew 61% From 2022 2022, so when when Shopify another say oh man we covid dim boost e-commerce as much as we thought we only grew 61 percent over the last two years. [21:06] Um like how many people did you hire right like you did you you didn't add 61 percent to their their staff commensurate with that growth. So yeah I just I take exception with people that think. That this data in some way shows some some significant softness and the other thing I would say is all of these graphs that these people are talking about they all like to show the percentage of e-commerce to Total retail and. It's easy to overlook and forget the fact that the denominator in that that ratio has been fluctuating wildly because of covid-19. Scot: [21:42] Yeah yeah and then you know the other thing that mrs. is the it's like almost like a pie chart where you don't see the absolute dollars so so percentages are a tricky thing it's gonna be a better way to visualize it. One scary thing is maybe we don't revert to the mean like a week the you know the lines we haven't had enough time to know until that start sticking up you know we won't know if we're back on the mean or not who knows. Google. Jason: [22:11] I know for sure but I get you know like I will do it maybe a Shopify deep dive at some point but like to me Shopify does is. Great product for small businesses it caters to this long tail in my biggest gripe with Shopify as an investor is always that they never tell you what they're stainless or sales are like they never tell you how well last year's customers did this year they just tell you the gmv of all the customers they currently have and so as far as We Know, more than 50% of their customers go out of business every year and then you know 50% of new mom and pop start a smart start a business and sign up with Shopify so the unlike a lot of other retail platforms that report their their data and when they grow we can kind of assume e-commerce grew shopify's growth can be 100% attributed to turn we just don't know. Scot: [23:00] Yeah so then it was Thursday morning the 27th and meta formerly known as Facebook announced and that was a poop show so they had a myths of top and bottom and their second quarter of declining growth they threw the kitchen sink in there IDF a they're seeing macro issues Sheryl Sandberg is leaving and this has been announced for a while and then all the Talking Heads were like oh my God you know she when out of the top this is kind of the end of Facebook so that was that was pretty pretty negative sentiment there and then that brings us to the main topic we want to talk about which is after hours on Thursday Amazon announced. Jason: [23:41] And Scott one thing before you jump in the Amazon like you forgot the most important thing about meta. Scot: [23:46] What. Jason: [23:48] The Kardashians are mad at them. Scot: [23:50] Oh yes they changed Instagram in Kim's I don't I haven't tracked this you know it better than I do. Jason: [23:56] Yeah I'm just well it is an interesting thing will do another show about this at some point but like Instagram is has probably been the crown jewel of men of for a while and you know Instagram is getting a lot of competition from Tick Tock that the news feed and Tick-Tock is a lot more our rhythmic so the content you see is less related to who you particularly follow and more what the robots think they want to show you and the you know can monetize and so Facebook to try to follow suit is changing Instagram to be more algorithmic and less based on your followers and so if you're a mega influencer with 30 million followers you don't like that right like if you're Kim Kardashian you want everyone to see all of your content because they followed you you don't want them to see some unknown person that did something viral. And so the change that Instagram made is to be more like Tick-Tock and you know some of these big big influencers that benefited from the old model understandably don't like it in are criticizing it. Scot: [25:01] Got it yeah we should definitely do a Kardashian deep dive how fun will that be. Jason: [25:06] Yeah yeah finally be able to let Kylie on the show and so she'll stop bugging us. Scot: [25:12] Good. Okay so if you've been listening this recap there's two words I haven't said and those are beat and raised so then Thursday night Amazon came out and everyone was like oh boy this is gonna be bad and there was a CNBC person who actually like a lot of names Josh and. He was basically he they do this little lunch time. They have this investment committee they call it and he's had a short on Amazon because he kept thinking they were going to miss Q2 he basically said look with Walmart and Target basically reporting the way they have. To think Amazon would do differently means they have some totally different customer base I just don't think that's the case so Amazon surprised everyone with a beat and raised quarter. So how did they do that with all this you know we've got Walmart Surprise Miss Shopify surprise Miss Google. Less worse meta terrible Snapchat total disaster in an Amazon just kind of came out and surprised everyone. [26:16] So so one way to think about Amazon is this very unique business and there's not a lot of. That you know another company like this that they have this portfolio of businesses they have built and they're all intertwined but. They have I imagine they have this is my mental model is they have dials where they can turn up and down this portfolio of businesses because they're all intertwined and that's one of the benefits of keeping this stuff together like when PayPal and eBay were together there are some operational Dynamics there that you could use to you know if you hit a certain speed bump or something you could navigate that better, so Amazon has these things so they've got the core retail business which is lower margin it's a retail business still profitable on its own but. [27:02] Not a great business but a good business and but like a massive scale you know hundreds you know what three hundred million dollars plus annualized then you've got a third party Marketplace business that we talk a lot about. Very profitable, doing really well you've got a smaller ad business super profitable doing really well growing rapidly AWS the cloud component now merchant services which is essentially the monetization of the, Center asset you had to build for the first piece. And my mental model is what they basically said was well we're heading into this period where we've got all these recessionary things consumers Under Pressure let's dial back on first party and dial-up third party. And that really won the day so so what they did is the third party as a percent they don't really give us. The gmv of each of these things that the total sales in each bucket they give you a unit mix so the unit mix was at an all-time high I need a fact check on this I'm 99% sure this is right. Five 57% third party versus first party the highest previous that was last quarter at 55%. They may say let's 2% how could that really make that big a difference well. [28:18] That's actually big because when a hundred dollars moves from the first party bucket and you and I have talked about this a million times but just to recap for listeners in the first party bucket the accounting is a dollar is a dollar of Revenue. The third party Amazon doesn't get to recognize the hundred dollar widget that sold they only get to recognize their commission or take rate which is about 10%. So they lose 90 dollars if a doubt if a widget moves between those things and Revenue. But that ten dollars that's left is pure profit it's almost like 99% profit so so if you really want to you know juice profits you move things from the 1p bucket the 3p buck. So and then also tell us about Prime. Jason: [29:06] Yeah so Prime is a little confusing this year because it was in July and historically that's when Prime day has always been except this weird covid era that we've had so you know if you if you go back to 2020 they canceled Prime day in July and instead had it in October and then the following year in 2021 they went back to Summer but instead of having it in July I like they always have they had it earlier in June which is a big deal because it's a quarter earlier it's Q2 instead of Q3 so we're looking at Q2 this year we're competing against a cue to that had prime day in it and this year Prime day is in Q3 so this year Brenda is back to Mid July which July 12th and 13th so a lot of extra work and verbal gymnastics for the poor cf0 on the earnings calls. Scot: [30:03] Yes there was no benefit from Prime in the quarter so that didn't really it neither hurt or helped. So even though third-party carried the day and I kind of theoretically so let's say. Yeah let's say you're running one of these really large retail businesses and you're either a store based or a e-commerce base I feel like Amazon because they have their products in a central location they can be much more dynamic because you know think of the store networks that Target and Walmart have almost like an edge Network. [30:37] And that product gets pushed out to the edge and then if you need to Pivot for some reason well you've got a tough decision you can you can pull the product back it's not really desistance not really designed for that it's mostly returns comes back not like let me yank all the sweatshirts out of a you know store number 292 or something. Or you have to liquidate them and then you end up with this problem that you call so if your Edge is full of stuff that's not really moving right now, you can't really. Change that rapidly you know you've got like a 60 90 day cycle to flush that out clear room for the stuff that's going to work so I think that even even though they did turn up these higher-margin pieces to win the day I think being an e-commerce oriented retailer gives them a lot more flexibility in a world where inventory and consumer behaviors are changing rapidly do you agree or disagree with that. Jason: [31:34] Yeah no I I mean I feel like they're their breath of offerings and monetization make them much safer than most other retailers they have more levers to pull in more knobs to dial. Scot: [31:49] And then the other thing and you know here one of the reasons I started spiffy is because we had talked so much on this show about the bifurcation where K seal Obama has come on and. Talked about the value and the consumer and the convenience or any consumer and a lot of that data came from 08-09 the quote-unquote Great Recession and you know what we learned during that recession is there is a consumer that is largely immune from recessionary and in that point time we didn't have inflation but I think I think that's kind of the same. Same kind of Stew if you will of macroeconomic stuff that the consumer has to face whereas the value are going to Consumer was really impacted by it. So I will also another argument I have is that that guy Josh on CNBC was wrong there is a separate customer now surely there's overlap and what not. But Amazon has captured all if not you know. 98% of that convenience or any consumer and you know that is a great place to be when you have a lot of these recessionary wins because they're not as impacted as the value or any consumer. Jason: [32:57] Yeah no I do I think you're 100% right like this gets complicated because these are such large numbers but the way I think of it there's 240 million households in the United States of America there is more than 100 million. Prime households right so the you know a significant chunk of America shop Amazon and have Prime, 190 million households shop Walmart so basically all you know the vast majority of America except for rich people in New York and California shop Walmart so you can't talk about oh, there's a Walmart customer and there's an Amazon Customer because the vast majority of customers go to both places but. [33:38] There's a core customer that spends most of their money at these two places that is likely very different right so there's these these higher net worth individuals that spend the bulk of their discretionary money Amazon that are way more insulated from inflation than the average Walmart consumer that spends the bulk of their money there and then. A big difference in this inflationary period is if you're a cord customer that shops at Walmart or Target. You have more economic instability so you're spending more of your dollars on Essentials versus nice to haves right and guess where you get your Essentials Walmart and Target like that's still where you get your food. And so at Walmart the mix shifts right instead of buying a cool outfit you're buying more proteins for your family. But that that Amazon customer is both more affluent and therefore less impacted by by inflation and they probably don't get their protein from Amazon. Right so like we Amazon doesn't see their quote-unquote essential spending they only see their discretionary spending so they don't have the same. Dynamics like causing their mix to shift to less profitable mixes in a recession so I do think in that way. The economic headwinds facing Walmart and Target are very different than the ones facing Amazon. Scot: [35:05] You know if you are getting your protein from Amazon it's probably at a Whole Foods where I have a feeling that consumers pretty resilient based on. Jason: [35:13] Yeah which and again people do but like a see a statistically insignificant period of like whole food is less than 4% of the grocery market so yeah. Scot: [35:23] Well our are like Kroger and those folks feeling I don't track them as. Jason: [35:27] Yeah the so again they have less discretionary right so yeah they're they're doing pretty well like they're benefiting like a lot of the items in Kroger are impacted by inflation so there's their sales are up um the you know. They're like the discretionary retailers are losing more dollars to the grocer so it's I'm not saying that that the grocer particularly love the current circumstances they're in but but they are like if you navigate them right there economically favorable. Scot: [36:03] But then because it's not Walmart where interest or you're making the toys there's there's a loser somewhere and it's pie like a Macy's and JC Penney you're probably going to get hammered I would imagine because there's you know if Walmarts telling us people aren't buying much apparel than this kind of start Rippling through all these other places. Jason: [36:18] Yeah or I'll give you an even more painful example Bed Bath & Beyond. Scot: [36:22] Yeah yes Father they're not doing well. Okay let's peel the onion on this a little bit so Revenue grew 7.2 percent year-over-year to 120 1.2 billion and that exceeded the expectations of 119 billion by about 2 billion. So not a huge huge beat but again it was such a bad setup that that it seemed like. You know what a miracle in somewhere North America this is really interesting when you kind of look inside of Revenue North America came in at 74 billion and then expectation was sixty seven billion so that was a really that was almost like a 10% Len. But then International was a miss it was 27 verses 32 billion. Everything I forgot to say that the top and everything we do is outside of the impact of financial currency moves so it's called X FX and Wall Street parlance which which is important because the, currency moves are gyrating around like crazy right now so you swirl that together and that's where you get your North America was up seven, International is all five so that's how you get your two billion dollar win but it's really interesting because if you look at Amazon's North America they were up 14 percent year-over-year which Compares very favorably to your US Department of Commerce data. Jason: [37:44] Yeah yeah no that's a and again like, I look at this all in Aggregate and say this is a solid quarter in a challenging climate for Amazon and yeah they have performed the the industry average despite being one of the largest players. Scot: [38:04] Yeah and then you know a mere like less than a week after Walmart said they were going from kind of ten percent to one percent profit margin Amazon's gross margins improved 45 percent year over year versus the consensus 43 percent so that, that was the one that really yeah I think people are like well if they make revenues surely they're going to go out and readjust their profits and it's going to be really hard so they came in with an operating income of 3.3 billion and this was in our Sunday called out an incremental for billion of increased cost but that was offset from improved fulfillment center Ops so I think what's going on is they built out the Fulfillment center capacity so crazily and they'll since the pandemic they were basically just standing them up and just you know getting stuff out as quickly as possible. [38:51] And then this quarter they kind of came back and where they use this phraseology invest in Harvest so they go in these different modes so they're able to come out of invest mode and look around and say well. You know in 2020 we sure we're setting up fulfillment centers kind of crazily lets you know we need to tweak, this this and this and then I want to have billion dollars of operational efficiency came out of that they called out some areas that are increasing and expense are. Ews expenses so those sit there and use a lot of electricity which a lot of electricity is off fossil fuels and then I think I think computers are getting more expensive I guess that must be a chip related thing you said Electronics but that's probably like big screen TVs anyway. Then obviously they called out fuel as an area and then they have a particularly large amount of money going into digital. With the funding with digital content with the funding of The Lord of the Rings series coming out and then they also bought Thursday Night Football so they called those out is as expense items. And as I mentioned at the top third-party one today. And then looking inside of there we talked about that seller Services grew nine point one percent year over year to twenty seven point four billion and I think whenever any of these things, grow faster than the Baseline of 7% and they're higher-margin they're going to drop that much more dollars to the bottom line. [40:20] So there was that and then I don't know anything about ads so I'll kick that one over to you. Jason: [40:27] Yeah speaking of things that drop Towers to the bottom line so that the ad units is a reminder is a. This business Amazon has had for a while but only broke out as a separate segment recently and so now it's fun to see it every quarter so it Q2 of 2022 was up 21% versus, the second quarter last year, um if you add up the last four quarters of Ed Revenue its thirty four billion dollars in ads than Amazon selling and Amazon doesn't tell us the profitability of these individual segments but most people estimate that like. [41:06] Worst the advertising business is probably a 75% gross margin business so, 75% gross margins on thirty four billion dollars makes the ad business more profitable than AWS for Amazon so, um Healthy Growth again you think about all the other people selling ads Google Facebook snap, um you know really struggling but Amazon you know continues to grow and they're already the third largest advertising Network in the US so, that's pretty impressive, side note you know every other retailer in the world is trying to replicate this this new ad business than Amazon has invented and they're all doing it you know with great success at a much smaller scale. Um so that you know the ad dollars are shifting from these, kind of top of funnel content providers to these bottom of the funnel retail networks that have first-party data and don't have all these idea of a. Problems that the others are facing so that's. [42:10] The ad business you know separately Amazon Amazon has this subscription business which is mostly Prime but a few other things mixed in there and, you would expect that to be slowing down because they've you know hit they've saturated they probably have half of us households have Prime accounts but that's still growing at 14% which again. [42:31] Is pretty impressive and I think that's a picking up the rate of growth from last quarter so it's super interesting impressive to me that these, these plati sticky Echo systems are particularly strong and Amazon and then of course everyone always talks about AWS, you know I get and we'll talk about this later but we get all these annoying tweets that like oh the only profitable part of Amazon is a WS and it's great it is great right and revenue there was almost 20 billion dollars in nineteen point seven billion, which is well ahead of the confessed consensus estimates it's a decent margin business so I think there is a lot of hardware and electronic electricity, behind that business but it's still pretty high margins and you know a lot of the world hasn't moved to the crowd yet so it WS has a lot of, Headroom in its Tam but a lot of folks were worried that in these economic uncertainty times that I see shops would be slowing down their migration in the cloud and therefore AWS would, would take a hit and I want to say Microsoft announced a slower rate of growth before Amazon so there was an expectation there that might not be an awesome number and and again it was pretty solid solid beat for for AWS. Scot: [43:52] Yeah so that's kind of the different operating units and then, you know again wall Street's kind of a what have you done for me lately so then everyone's like well this is an anomaly surely surely you're not going to be able to repeat this and everyone said number one stop calling me Shirley and then number two Amazon put out Q3 guidance and basically both the revenue of that guidance and the prophet were well ahead of what Wall Street had been thinking. The the revenue guidance was 125 to 130 billion which at the midpoint is 15 percent growth so are one was was quite pleased by that it basically made it feel like they were feeling very strong because remember this is all 727 so Amazon's got 27 date they got about a third of the quarter already in the books and it basically was a signal Amazon saying yeah we feel pretty good about the quarter right now and Amazon had prime day in the books as well so that was good and then. [44:54] Do anything Wall Street loves more than a beat and then raised so the beat is current quarter and then the Rays was the going forward quarter is Abby trays in a buyback so then they also said oh and by the way we bought 3.3 billion dollars worth of stock in the quarter because we felt like the price the stock was was kind of left so so that was all very very well received and and really made Amazon stand out from from me up substantially from the other both retailers and add companies that had previously reported. Jason: [45:27] Yeah so. Scot: [45:28] And then you got Mean Tweets go. Jason: [45:30] Yeah so here's what's annoying so I would say that that's a terrific quarter for Amazon given the economic climate and you know frankly exceeded my expectations and in a number of areas. But you do know there's room for lots of different interpretation and a bunch of folks on Twitter like zoomed in on the profitability of the US retail sector was down and you know they jump on this whole like see this is what we've always been saying retails unprofitable it's a loss leader for Amazon, you know really Amazon is just about a WS and this like you know Silly retail thing is just a sideshow and there's no way to make money on it. How do they get away with a lot sweeter thing Jason don't I have that right like I got a bunch of tweets like that and I didn't respond because. I'm not articulate enough to answer in a short tweet so hopefully it will make everyone listen to this this whole podcast, but I would say you guys are all wow like it was a terrific quarter for Amazon retail like and there's two things you're missing Gap profit is not the same thing as how many dollars flow to your bank account right like, um you know how much money Amazon decides to invest in new warehouses that are going to pay off in the future dramatically affects their. [46:51] And so it's almost silly to look at Gap profit to say whether Amazon retailers a good business or not but more importantly. Um all these profitable businesses that everyone's talking about exist only because of retail right so that ad business I just talked about. [47:10] People aren't coming to Amazon to consume ads they're coming to Amazon to buy stuff in the ad show up right, um and the other business that's impossible for Amazon to lose money on that's growing wildly is merchant services that you hit on, um the merchant services are because Merchants want to sell stuff on Amazon on the retail platform and so it's a little when people are talking about oh gosh the retail business and Amazon's a loser but the ad business is profitable, that's a little bit like saying. The content creation business in b.c. is a total loser but the ad business at MBC is a winner right like know that they're only able to sell ads because they create that content and in the same way. Amazon is only able to make money on Merchant Services and ads and to some extent on subscriptions because of this, vibrant strong retail business um that you know has more favorable characteristics than a lot of other big retailers in this current inflationary potentially recessionary environment so I'm sorry guys I just I think you're wrong and wildly oversimplifying Amazon's business model and economic circumstances. Scot: [48:22] Yet another framing that's kind of fun is after retails been around for what like I guess even longer but I get I was here Sears like 150 years or something. And you have all that history and it took Jeff Bezos to figure out hey you can actually glom on these really profitable high margin businesses and make the whole thing better and there's a synergy synergy inside of there that enables you to like they did this quarter where they can dial things up and down don't you think Walmart had more of that right now or Target or you know Macy's or any of these other retailers so so in a way I think they're missing the point there to just pick out this one piece that can't be unintegrated and say that it's doing bad because you have to take the whole enchilada because they designed you know retail 2.0, by mixing all these things together in a unique way no one figured out till they did. Jason: [49:21] Yeah no hundred percent so so Props to Amazon and keep on keeping on. I did want to I think we're over on time but I just wanted to just like briefly hit on a couple non earnings related topics just to wet people's whistle so. Hey we talked about prime day there's a pretty significant week that there's going to be a second prime Day this year so a lot so a number of journalists have seen internal documents. That talked about a thing called Prime Early Access sale which is scheduled to happen this fall. And so most of us interpret that as likely going to be October which again is when they accidentally had Prime in 2020 because of covid-19. So look for more there but like potentially Amazon will have a second prime day to me that's really interesting because. I feel like the first Prime day at this point is mostly about comps and people turn to match last year's Prime day and it's I'm not sure it's necessarily totally additive but adding a new sail if it. [50:26] Works and capture sales in October that could be interesting so. I found that super interesting Amazon launched a new product that maybe is only cool to me but it's called retail store analytics and this is they're taking all the data from all the cameras and all the just walk out stores and they're selling it back to the brands. So you know just like a you know a cpg can go to Amazon and find out how many glances they got on their their product detail page and how many add to carts they got, they can now find out in a Whole Foods how many people looked at their package on the Shelf versus how many people bought it so there, they're monetizing all the customer insights they're getting from these brick-and-mortar stores using all those cameras which I thought was pretty cool. And then the last thing I'll leave people with is there were some significant articles talking about internal week memos about Amazon trimming its private label and its private label largely being. Unsuccessful and Amazon potentially moving away from private label and. Like I don't think those articles are wrong but I would just throw 11 piece of caution when you interpret those articles. [51:35] I've seen no evidence that Amazon's moving away from any of its successful private-label initiatives, so so what's happening Amazon has a huge amount of private labels they have a ton of Brands they invented a bunch of them never got traction never caught on never had significant sales and I do think they're doing a rationalization of all of those, but there still are Amazon private label brands, they're doing quite well and it appears the Amazon is doubling down on those so I guess what I would say is that they're really focused on the head tail private labeled it's doing well in there, they're kind of rationalizing the long tail that was not doing well so that is all of the Amazon news, and it's a good thing because we've blown through our lot of time once again as always if you found this episode valuable we sure would appreciate that five star review on iTunes. Scot: [52:33] Thanks everyone and until next time. Jason: [52:37] Happy commercing!

Paymentandbanking FinTech Podcast
#388 Auslaufmodell PSP?

Paymentandbanking FinTech Podcast

Play Episode Listen Later Jul 29, 2022 40:02


Ingo Blum, Expert Payment Orchestration & Online Marketplaces bei aye4fin, stellt den klassischen Payment Service Provider auf den Prüfstand. Wie zukunftsfähig sind die althergebrachten Zahlungsdienstleister angesichts des Insourcing-Trends bei großen Händlern?

IBS Intelligence Podcasts
Ep497: How B2B payment technology is changing and what it means for businesses

IBS Intelligence Podcasts

Play Episode Listen Later Jul 28, 2022 11:24


Pat Bermingham, CEO, AdflexStraight-through-processing (STP) is buyer-initiated, removing the processing burden from the supplier and allowing prompt reconciliation of transactions and greater control over cash flow, not to mention added security and process efficiency. These advantages are being thrown into stark focus at present, given the current unsettled global economy and offer benefits to all businesses but perhaps especially to SMEs, providing an automated and frictionless process to accept and send payments, thereby engendering better business relationships and faster growth. Pat Bermingham, CEO of Adflex, discussed STP with Robin Amlôt of IBS Intelligence.

DTC POD: A Podcast for eCommerce and DTC Brands
#210 - Alex Plugaru: Gorgias CTO - Building & Learning from serving 10,000+ Merchants

DTC POD: A Podcast for eCommerce and DTC Brands

Play Episode Listen Later Jul 28, 2022 49:09


Alex Plugaru is the CTO & cofounder of Gorgias, the customer service tool born from Techstars NYC program. Gorgias now has 9K+ customers (including some of the most well-known brands), $25M ARR, a global team of 230+ people, and $75M in fundraising. Before starting Gorgias in 2015, Alex worked as a web developer at various companies. This episode is brought to you by OpenStore: Visit https://open.store to get a free, no-obligation offer for your e-commerce business from OpenStore in 24 hours. Have any questions about the show or topics you'd like us to explore further?Shoot us a DM; we'd love to hear from you.Follow us for content, clips, giveaways, & updates! DTCPod InstagramDTCPod TwitterDTCPod TikTok Alex Plugaru - Co-Founder & CTO GorgiasRamon Berrios - CEO of Trend.ioBlaine Bolus - COO of OmniPanel

MONEY FM 89.3 - The Breakfast Huddle with Elliott Danker, Manisha Tank and Finance Presenter Ryan Huang
Mind Your Business: Are merchants prepared to deal with rising shopper expectations for a smooth checkout experience

MONEY FM 89.3 - The Breakfast Huddle with Elliott Danker, Manisha Tank and Finance Presenter Ryan Huang

Play Episode Listen Later Jul 27, 2022 13:44


Checkout abandonment is currently a $4 trillion problem for online retailers. With revenue numbers on the line, it is no wonder that solving the issue of shopper abandonment is important for merchants.  But what can merchants do to mitigate their cart abandonment issues?  Liat Beng Neo, Co-Founder & CEO, Arrow shares some possible solutions and more.  See omnystudio.com/listener for privacy information.

The Modern Customer Podcast
What's Next For Return Logistics

The Modern Customer Podcast

Play Episode Listen Later Jul 26, 2022 29:01


What's Next For Return Logistics Returns are a part of doing business for retailers, especially as e-commerce grows and shoppers have more options than ever before. But that doesn't mean the return process has to be difficult for retailers or consumers. As e-commerce grows and transforms, so too does return logistics. David Sobie is the co-founder and vice president of Happy Returns, a leader in return logistics. Instead of the old method of customers having to print a label, package their item, and ship it back to the retailer, Happy Returns offers box-free and printer-free returns at its 5,000-plus Return Bars. Items from numerous retailers are collected for instant refunds and then shipped back to a central processing center for sorting.  Customer experience doesn't end when a customer makes a purchase. The post-purchase experience includes fast and straightforward returns and significantly impacts a customer's overall perception of the brand. When returns are easy, customers tend to make more purchases and expand their relationships. Returns affect both merchants and customers. And with the challenges of traditional returns come opportunities to improve the entire post-purchase experience. Shoppers don't want to have to package and send a return and wait for their refund or exchange. Merchants are faced with the expensive and logistically complex returns process. But in the end, Sobie says return logistics is really about giving shoppers the best possible experience to increase lifetime value and loyalty. Returns aren't going away, and the future of return logistics helps merchants find the most cost-effective way for shoppers to return their items. But returns can be incredibly expensive for retailers. Shoppers expect returns to be free, which means that merchants cover the cost. However, Sobie says that an increasing number of merchants are moving towards creating options for returns. There should always be a free option for returns, and Sobie suggests subsidizing the least expensive option for retailers. The future of return logistics includes innovative technology and sustainability. Instead of sending each package individually, companies can combine items to lower the return shipping cost and environmental impacts. The future also requires merchants to think outside the box, such as by offering return kiosks at other stores and providing instant refunds. As long as there's e-commerce, there will be returns. Brands that embrace the post-purchase customer experience and innovate return logistics open the door to cost savings and customer loyalty.   The data is right in front of you. Leveraging the power of information can take your marketing efforts from a shot in the dark to a home run.    Blake Morgan is a customer experience futurist, keynote speaker, and author of the bestselling book The Customer Of The Future. For regular updates on customer experience, sign up for her weekly newsletter here.

Un Millón al Mes
133. ¿ El emprendedor tiene sueldo ?

Un Millón al Mes

Play Episode Listen Later Jul 26, 2022 27:23


En este episodio de Somos Merchants contestaremos la pregunta del millón de dólares: ¿ El emprendedor tiene sueldo ? Y la respuesta es sencilla: Si. Esto dependiendo de las circunstancias en las que se encuentra tu negocio, pero lo más sano siempre es que tu como emprendedor también consideres pagarte cuando tu negocio ya esté listo para hacerlo.Muchas veces damos todo por nuestro emprendimiento y queremos que todas las ganancias se reinviertan, pero como lo dijimos en capítulos pasados, el negocio es un hoyo negro que absorberá todo el capital que ingrese en el. Aquí te daremos algunos consejos de lo que puedes hacer para lograr esto y que tu negocio se vuelva solvente para pagar colaboradores y tu también tener un sueldo fijo.¿Ya te uniste a la red más grande de Merchants de Latinoamérica?¿Qué estás esperando ?Visita: https://www.somosmerchants.com /

TechCrunch Startups – Spoken Edition
Fairbanc provides BNPL for micro-merchants in Indonesia

TechCrunch Startups – Spoken Edition

Play Episode Listen Later Jul 25, 2022 3:48


“Buy now, pay later” (BNPL) startups have gained traction by targeting consumers, but BNPLs for businesses are also starting to take off.

#TWIMshow - This Week in Marketing
[Ep118] - YouTube Partners With Shopify & Expands In-Stream Commerce Tools

#TWIMshow - This Week in Marketing

Play Episode Listen Later Jul 25, 2022 15:40


1. LinkedIn Business Manager is Now In Public Beta - The LinkedIn Business Manager was announced in June and finally the public beta was announced this week. Unlike invite-only betas, our public beta is open to all marketers who want to use Business Manager.The new business manager dashboard allows advertisers who manage multiple ad accounts to grant access to ad accounts and pages, create and edit campaigns, manage pages, and create reports.Matched audiences allow you to retarget your website visitors, and upload lists of accounts or emails to target within LinkedIn. Through the new Business Manager, you can share those matched audiences across all accounts.You can create a Business Manager account here. When you move your current ad accounts under the Business Manager umbrella, all settings including current campaigns and billing remain the same.2. Twitter Posts Lower Revenue Despite Adding 9 Mil Users - Twitter added 9 million new daily active users in Q2'2022, taking it to 238 million total mDAU. Most of the new growth has come from international markets, with Twitter only adding 2 million new users in the US. In terms of its ‘rest of the World' stats, Twitter hasn't provided a breakdown of where its newest 7 million users have come from, but Japan and India remain its second and third largest user bases, after the US.In terms of revenue, Twitter brought in $1.18 billion in Q2, a decrease of 1% year-over-year.3. Snapchat Added 15 Million New Users - Snap Inc. has posted its Q2 2022 numbers, which show a steady increase in usage, but slower growth on the revenue side. First off, on users – Snapchat added 15 million more users in Q2, taking it up to 347 million daily actives. Though Snapchat has seen significant growth in India, there was virtually no growth in the North American market.Average revenue per user remains relatively low in other markets, especially in the ‘Rest of the World' category, where Snap added the majority of its new users.4. Meta Launches Small Business Studios Project - Meta has launched a new Small Business Studios project, which will provide both online and in-person training elements to help small businesses make the most of their marketing efforts across both Facebook and Instagram. Build Your Brand workshop: An online workshop providing creative inspiration and branding guidance to small businesses using Facebook and Instagram. This workshop champions a customer mindset and dives in on business branding, how to build copy and creative when creating a post and then deciding what to post. Reels School: A course designed for small businesses to simplify Reels creation while expanding their audience reach and helping achieve business goals. Photography virtual workshop: Since building great creative can feel daunting, this training pairs small businesses with an expert to teach owners how to make great, low-cost and low-lift images that are made for mobile. In addition to this, you can also sign-up to get a one-on-one business support session with someone from Meta's Small Business Team, which could provide some valuable insight into how to maximize your Facebook and Instagram presences.It's also one of the only ways that you might be able to speak to a real person within Meta, which could see it flooded with non-brand-building queries. Either way, you can register for the initiative here.You can learn more about Meta's Small Business Studio programs and content here.5. Facebook Changing The News Feed - “One of the most requested features for Facebook is to make sure people don't miss friends' posts. So today we're launching a Feeds tab where you can see posts from your friends, groups, Pages and more separately in chronological order. The app will still open to a personalized feed on the Home tab, where our discovery engine will recommend the content we think you'll care most about. But the Feeds tab will give you a way to customize and control your experience further.”Facebook's main UI will now be split into a ‘Home' feed, which will primarily focus on recommended content to keep you entertained, while you'll also have a new ‘Feeds' tab, where you'll be able to view the latest posts in different categories, including ‘Favorites', ‘Friends', ‘Groups', etc.The move shifts the Facebook experience more into line with TikTok, which calls itself an ‘entertainment app', not a social network.6. Instagram Adds In-Chat Payment Feature - Now you can make purchases and track orders directly in chats with small businesses on Instagram in the US. The new process will enable businesses to request payment within a message thread, with users then able to transfer funds, right then and there, streamlining purchase. Users will be able to use Meta Pay (the payment system formerly known as ‘Facebook Pay') to complete their purchase, with businesses then able to maintain connection on updates and details as the order is processed. It's essentially the same as payment transfers between friends, which have been available in Messenger since 2017. Now, businesses will also be able to tap into that same capacity.7. Discovering Local Business On Instagram - Instagram's location maps are now searchable, making it easier to discover places and businesses in your geographic area. Previously, the map experience on Instagram was limited to discovering posts tagged with nearby locations.This update to Instagram maps makes it possible to find popular establishments near you and filter businesses by categories.Finding businesses on the Instagram map is as simple as searching for the name of a city and dragging the map around. When you find a location you're interested in, you can save it for future reference or follow the Instagram account to keep it top of mind.Locations are not pre-populated or user-submitted, like on Google Maps. As a business, the only way to get found on the Instagram map is to have a professional account filled in with your contact information.In practice, the new Instagram Maps experience is similar to discovering Google Business Profiles on Google Maps. The Instagram experience is more engaging in some ways, as you can see all kinds of visual content published by the business and interact with them directly. You can even see content shared by other customers, provided they add the appropriate location tag. The only thing lacking from the experience is customer reviews.8. Instagram Converting All Videos Under 15 Mins To Reels - Instagram will automatically convert all video posts shorter than 15 minutes into Reels. This change applies to new videos only. Existing videos shorter than 15 minutes will remain as video posts. The Video and Reels tabs on your Instagram profile will join as one when this change rolls out in the coming weeks.9. Latest IG Features: Templates, Boosts & More - New features for Reels include: Enhanced remixes - Instagram is enhancing the remix feature for Reels, which allows you to react to videos from other users. Now, you'll be able to remix public photos and record your reaction to them as a Reel. For the first time, you'll be able to add your recording after the original clip instead of having both pieces of content appear simultaneously. New templates - You can now create Reels using templates, which preload audio and clip placeholders so you can add your photos or video clips. A new Dual template lets you record video with your phone's front and back camera at the same time. The ability to boost Reels as ads - Businesses can now boost Reels within the Instagram app by turning them into ads. To boost a Reel, it must be 100% original content, less than 60 seconds long, and recorded in the 9:16 (vertical) aspect ratio. After publishing it, you can boost a Reel by viewing your content and tapping Boost Post. Boosting a Reel gives you access to engagement insights exclusive to advertisements. Boosted Reels appear in the Instagram main feed, Stories, the Reels tab, and the Explore page. 10. TikTok Adds Auto-Caption & Translation - TikTok's auto captions will appear at the lower left hand side of the screen, adding important context to the viewing experience, especially in sound off environments.TikTok's also added new translations for captions and descriptions, which could help users around the world engage with more clips.Finally, TikTok's also adding translations for text-based stickers and overlays to provide even more context for non-native speakers.Both of TikTok's new translation tools will initially support English, Portuguese, German, Indonesian, Italian, Korean, Mandarin, Spanish and Turkish, so there's a range of translation options to consider, which could spark entirely new, global trends.P.S: TikTok says that it's in the early stages of rolling out these new tools, which are available on select videos at present.11. Google Auto-Upgrading Smart Shopping Campaigns To Performance Max - Google has begun to roll out automatic updates converting Smart Shopping campaigns into Performance Max. Google will send a notification about 2-3 weeks before the updates take effect and provide a specific date when your campaigns will be converted. Google says when your campaigns are self-upgraded using the tool or automatically upgraded, learnings from your previous Smart Shopping campaigns carry over to your new Performance Max campaigns to maintain consistent performance. Your campaign settings will also automatically transfer.If you don't want to wait for Google and prefer to update your campaigns on your own, you can use the “one-click” upgrade tool.12. Now You Can Add FAQ's To Your Google Business Profile - Google has added a new feature to help businesses automated some of the responses to questions submitted through their Google Maps and Google Search business listings. This new feature is part of your Google Business Profile and can be managed under the FAQs section of the messaging section.13. Hey Google!, Will I Rank Lower If I Am On A Shared Web-Hosting? - Google's John Mueller again said on Twitter "using a shared IP address is fine" for SEO and Google Search ranking purposes. "There is no SEO advantage to using a unique IP address," he added.14. YouTube Partners With Shopify & Expands In-Stream Commerce Tools - YouTube has announced a partnership with Shopify which enables Shopify merchants to feature their products across their YouTube channels and content. Using the Google Channel app within your Shopify add-on tools, you'll now be able to activate YouTube Shopping, and connect your YouTube account to easily display products from your Shopify inventory. Shopify merchants will be able to display their products on YouTube in three ways: Live streams - Merchants can tag and pin products at key points during a livestream, and picture-in-picture playback means consumers can watch while they check out Videos - Merchants can show a curated list of products in a product shelf below on-demand videos Store tab - A new tab will be added to a merchant's YouTube channel, featuring their entire selection of products Merchants will need at least 1,000 subscribers to qualify for these options, while there are also requirements around appropriate content and channel strikes.In addition to this, YouTube's also added new tools within the ‘Shopping' tab in YouTube Studio, in order to help creators manage how their products are tagged and appear across their channel. 

Strange New Worlds of Dimension X Minus One OTR
Episode 1955: X Minus One 1957-07-18 #103 The Merchants of Venus

Strange New Worlds of Dimension X Minus One OTR

Play Episode Listen Later Jul 22, 2022 21:53


Haven't shared one of these in awhile.

Un Millón al Mes
132. Los Mitos del Ecommerce

Un Millón al Mes

Play Episode Listen Later Jul 20, 2022 28:28


Hoy hablaremos de los mitos relacionados con el comercio electrónico. Que podríamos decir que son obstáculos al momento de emprender y que muchas veces tenemos miedo de hacerlo por temor a no saber que hacer al momento de enfrentarlos.Lo que les vamos a explicar hoy es que si existen pero son efímeros, ¿ Qué queremos decir con esto ? Que están en tu mente, dando vueltas en tu cabeza pero no necesariamente tienes que realizarlos al momento de emprender tu negocio.En este episodio te compartimos 6 mitos que generalmente atormentan al emprendedor y que muchas veces no tienes que realizarlos forzosamente.¿ Y tú ya eres parte de la comunidad más grande de Merchants de América Latina ?Únete gratis en https://www.somosmerchants.com y forma parte de la comunidad con la certificación Shopify Education Partner.

Joanie Stahls Field Notes
Heaven Land Devotions - The Road of Hazarmaveth

Joanie Stahls Field Notes

Play Episode Listen Later Jul 18, 2022 45:09


Thank you for supporting this ministry, I lovingly refer to as "The Little Green Pasture." Click here: PayPal: http://paypal.me/JoanStahl Please prayerfully consider becoming a ministry partner: Patreon: https://www.patreon.com/joaniestahl **Contact Email: jsfieldnotes@gmail.com **Send Donations To: Joanie Stahl - P.O. Box 1386 - 205 Avenida Del Mar - San Clemente, Ca. 92674 **Subscribe to me on Rumble: https://rumble.com/c/c-534183 **Subscribe to me on Bitchute: https://www.bitchute.com/channel/YOjK... The time we have been given to live on this world is never easy. In fact today I was looking at Psalm 80. In The Complete Jewish Bible, it is referred to as " "Set in 'lilies" a testimony of Asaph." The Lily breaks through hard ground after rain. Psalm 80 is hard ground. It is full of the hardness of suffering with others and for others. All who have ever suffered in this world of ours understand this Psalm when they read it. They have walked on this hard ground. But the lilies break through the hardness of that purposeless (as it may seem) pain, with a sudden up-springing of hope and joy. When we understand what it took for them to live and bloom through the hardest soils we take a rich lesson. We live in a hard place called earth. Life here is the hard ground we walk on. It is the same ground Christ walked on. Let us take heart, He has gone before us "and has set us in the way of His steps." I was reading today about a man in the line of Shem named Hazarmaveth in Genesis 10:26. His name means "dwelling or court of death." Shem is in the lineage of Jesus Christ. History records that where Hazarmaveth settled, his name was preserved in a province until today. They are an ancient people in the modern Southern Arabian nation of Yemen. This is what I discovered. On the scorching face of that land are towns and cities built entirely of mud bricks. It is a blistered land, naked to the sun, covered for miles with sand, broken stones, or bare rock, almost waterless, almost treeless. But one of the high roads of the Old World is the trade route from India and Persia to Egypt and Syria, and to other countries around the Mediterranean. The trade route ran through Hazarmaveth, and it supplied its own fragrant contribution to that ancient-world of commerce, a contribution not great in extent but vast in significance. You see incense trees grew along the barren plateaus and in the dry riverbeds. Merchants came from as far as Persia to find this precious gum. It is believed the frankincense and myrrh the wise men offered to our Savior may have grown in that burning land. And also that which gave fragrance to the ointment Mary poured upon Jesus' hair and feet. As well as the spices that the women laid among the linen for His burying. Our time here will see suffering, and we travel along the road Hazarmaveth where we gather myrrh and frankincense to offer spiritually unto God in prayer. Our prayers are perfumed with what we gather through suffering. Our offerings and gifts of love to God with thanksgiving are given with hands "dripping with myrrh" of our costly trials and pain. I think that is why it says in Song of Solomon 3:6, " Who is this coming out of the wilderness Like pillars of smoke, Perfumed with myrrh and frankincense, With all the merchant's fragrant powders?" "Men will never be great in theology until they are great in suffering." ~Charles Spurgeon --- Support this podcast: https://anchor.fm/joanie-stahl/support

Two Wood for a Wheat
94. Guild of Merchant Explorers & Ugly Duckling Games

Two Wood for a Wheat

Play Episode Listen Later Jul 18, 2022 61:59


Today on Two Wood for a Wheat, we review the Guild of Merchant Explorers, the medium weight flip and place filler about exploring new lands and creating settlements before the end of the age. Then we're discussing ugly ducklings, the ugly board games that we love.00:02:23 Merchants of the Dark Road00:04:11 Wonderland's War, Rising Sun, Quacks of Quedlinberg00:05:41 Space Station Phoenix, Race for the Galaxy, Beyond the Sun00:06:32 Messina: 134700:08:06 FEATURE REVIEW The Guild of Merchant Explorers00:16:27 Kingdom Builder, Trails of Tucana00:17:52 Tiny Towns00:19:34 Hallertau00:22:14 Gloomhaven00:28:52 FEATURE DISCUSSION Ugly Ducklings00:29:23 Acquire00:29:59 Anno: 180000:31:22 My City00:32:02 Kingdom Builder00:33:04 Beyond the Sun00:34:06 Tasty Humans00:34:57 Castles of Burgundy00:35:59 Terra Mystica00:36:51 Boonlake, Cloudage, Maracaibo00:38:47 Signorie00:39:58 Imperial Steam00:42:40 Steam, 18XX00:43:28 Beyond the Sun00:44:32 Coffee Trader00:46:57 Carpe Diem00:48:56 Food Chain Magnate00:49:37 Horseless Carriage00:50:38 Tyrants of the Underdark00:52:59 Race for the Galaxy00:56:53 Space Station PhoenixAsk us a question at TwoWoodForAWheat@gmail.comLeave us a review on Apple podcasts: https://tinyurl.com/y2eyvquxRead Tony's blog: https://boardgamegeek.com/user/maxlongstreet/blogs

The Centennial 38 Podcast
xGoal Merchants

The Centennial 38 Podcast

Play Episode Listen Later Jul 14, 2022 37:33


The Rapids drew 1-1 to Orlando City in a midweek MLS game. Jared and Juan take a look at what the result says about the season.

Swipe!
SWIPE Special Edition: Top Gun Merchants meet in DC to strategize,lead, educate and ensure payment profitability.

Swipe!

Play Episode Listen Later Jul 13, 2022 26:14


Learn how attending the Payments Ed Forum can be a game changer for your business!  

Merchants of Novigrad
Merchants of Novigrad #34 feat. GaBane

Merchants of Novigrad

Play Episode Listen Later Jul 13, 2022 130:02


In this episode of our Gwent podcast, Merchants of Novigrad, our hosts interrogated GaBane regarding his opinions of the latest expansion - Black Sun.

Promenade Merchants: A Star Trek Podcast
Promenade Merchants Podcast# 54: An Honest Strange New Worlds De-brief, with a side of Romulan Ale

Promenade Merchants: A Star Trek Podcast

Play Episode Listen Later Jul 12, 2022 68:22


We wrap up a good long run of podcasts with new Star Trek to talk about with some brutal honesty. The Romulans are an important part of Star Trek history, and we highlight them in Old Business. Strange New Worlds was always the show that both Heather and David weren't as excited about as other […] The post Promenade Merchants Podcast# 54: An Honest Strange New Worlds De-brief, with a side of Romulan Ale appeared first on Delta Juliet Mike Media.

Payments on Fire
Episode 171 - How Wallets Are Transforming The Global Payments Landscape And What Merchants Should Do About It - Chuck Huang, Citcon

Payments on Fire

Play Episode Listen Later Jul 12, 2022 39:18


Chuck Huang, Founder and CEO of Citcon, joins George Pebody and Yvette Bohanan on this episode of Payments on Fire® to chat about digital wallets across the globe. Listen in to hear their thoughts on where the industry is headed as the consumer payment choice continues to diversify.

WBAP Morning News Podcast
WBAP Morning News: Bill Dendy

WBAP Morning News Podcast

Play Episode Listen Later Jul 12, 2022 8:02


Higher gasoline prices have led stations to raise the holds they put on cards by as much as 40%, a change that means overdraft risks for some.   Pain at the gas pump goes beyond the high prices: Gas stations are also putting bigger holds of up to $175 on customers' cards when they swipe.  When drivers insert a credit or debit card at the pump, the gas station doesn't know how much fuel they will buy and it places a hold on the account for an amount set by the gas station. Merchants authorize the payment networks to lift the hold once the final total of the payment is determined, though the holds can take hours and sometimes longer to settle—raising risks of overdraft penalties for debit-card users and eating into credit limits during the holds.See omnystudio.com/listener for privacy information.

Alabama's Morning News with JT
AS GAS PRICES SURGE, STATIONS NOW HOLD UP TO $175 OF YOUR MONEY WHEN YOU SWIPE

Alabama's Morning News with JT

Play Episode Listen Later Jul 12, 2022 6:20


Higher gasoline prices have led stations to raise the holds they put on cards by as much as 40%, a change that means overdraft risks for some. Pain at the gas pump goes beyond the high prices: Gas stations are also putting bigger holds of up to $175 on customers' cards when they swipe. When drivers insert a credit or debit card at the pump, the gas station doesn't know how much fuel they will buy and it places a hold on the account for an amount set by the gas station. Merchants authorize the payment networks to lift the hold once the final total of the payment is determined, though the holds can take hours and sometimes longer to settle—raising risks of overdraft penalties for debit-card users and eating into credit limits during the holds.JT talks with CPA and Money Manager BILL DENDY

The World Crypto Network Podcast
The Bitcoin Group #313 - Crypto Rebound - ETF Again - Merchants - BlockFi Bailou

The World Crypto Network Podcast

Play Episode Listen Later Jul 10, 2022 91:21


NEW site: https://www.worldcryptonetwork.com/WCN CLIPS: https://www.youtube.com/channel/UClCE3eOYr4pQ1CTMGZPNt1w/videosWCN MERCH: http://shop.worldcryptonetwork.com/Subscribe to the WCN Audio Podcast on Itunes:https://podcasts.apple.com/us/podcast/the-world-crypto-network-podcast/id825708806----------------------------------------------------------------------------------FeaturingDan Eve (https://twitter.com/cryptopoly)Josh Scigala (https://twitter.com/JScigala)Ben Arc (https://twitter.com/arcbtc)and Thomas Hunt (https://twitter.com/MadBitcoins)THIS WEEK:Former Crypto Billionaire Insists Bitcoin Will Soar To $250,000https://www.msn.com/en-us/money/news/former-crypto-billionaire-insists-bitcoin-will-soar-to-24250000-within-next-18-months/ar-AAYP6CSAn ETF that will allow investors to bet against bitcoin is set to launch this week as the cryptocurrency plunges 70% from its peakhttps://www.msn.com/en-us/money/markets/an-etf-that-will-allow-investors-to-bet-against-bitcoin-is-set-to-launch-this-week-as-the-cryptocurrency-plunges-70-25-from-its-peak/ar-AAYHTqOCoinbase Launching 'Nano' Bitcoin Futures via Derivatives Exchangehttps://decrypt.co/103717/coinbase-launching-nano-bitcoin-futures-via-derivatives-exchangeIbex Onboards 85 Merchants In Miami To The Bitcoin Lightning Networkhttps://bitcoinmagazine.com/business/ibex-onboard-85-merchants-in-miami-to-bitcoin@BlockFi signed a term sheet with @FTX_Official to secure a $250Mhttps://twitter.com/BlockFiZac/status/1539216594383028224______________________________________________World Crypto Networkhttps://www.worldcryptonetwork.com/On This Day in World Crypto Network Historyhttps://www.worldcryptonetwork.com/onthisday/WCN: Hosts & Guestshttps://www.worldcryptonetwork.com/tag/Person/WCN: Topichttps://www.worldcryptonetwork.com/tag/Topic/WCN Clips - YouTubehttps://www.youtube.com/channel/UClCE3eOYr4pQ1CTMGZPNt1w/videosWorld Crypto Network Store | Teespringhttps://teespring.com/stores/world-crypto-network-store-----------------------------------------------------Please Subscribe to our Youtube Channelhttps://m.youtube.com/channel/UCR9gdpWisRwnk_k23GsHfcA

Secrets To Scaling Online
Ep 352: Using AI To Attain Higher Conversion Rates With Shauli Mizrahi, Rep.AI

Secrets To Scaling Online

Play Episode Listen Later Jul 8, 2022 20:05


Since marketing costs are getting higher and higher, now's the time to make sure to choose the right tools that give the greatest results. In this episode, Shauli Mizrahi of Rep.AI talks all about Rep and how it helps eCommerce websites with their sales.Listen and learn in this episode!KEY TAKEAWAYS FROM THIS EPISODERep is the first AI-powered sales associate for eCommerce websites.The costs of ad spend for eComm brands are getting higher and higher and it's increasingly becoming less profitable, making it harder for merchants to survive.Rep tries to understand which customers are about to leave your website, approaches them, and starts a conversation that fits where these customers are in the sales funnel.Merchants are given a 14-day free trial and AB tests are done to see results.Rep also tries to understand what can help customers get the right product for them.Discount offering is one of the top-selling and best-performing flows that Rep has.When a customer asks for a discount, there is a good chance that they will buy at that moment.The more products a store has, the better Rep performs. Rep is a fully-managed service. You just need to provide information and the team does all the work for you.Be the best at what you do and make it happen.Recommended App: Jira https://www.atlassian.com/software/jira Yotpo https://www.yotpo.comRecommended Audiobook: Billion Dollar Whale by Bradley Hope and Tom Wrighthttps://www.amazon.com/Billion-Dollar-Whale-audiobook/dp/B07G9JJ6TB https://www.audible.com/pd/Billion-Dollar-Whale-Audiobook/1478948000 Today's Guest:Shauli Mizrahi is a co-founder and the CTO of Rep.AI.Rep.AI is an AI-powered sales associate for eCommerce websites.Connect and learn more about Rep here:Website: https://www.hellorep.ai This month's sponsor is Rep AI. Rep is the world's first-ever AI-powered sales associate for e-commerce websites. It's a sales-focused chatbot that uses AI to automatically identify and approach disengaged customers with a contextual and personalized conversation to upgrade customer experiences and increase sales. Just like in brick-and-mortar, it recommends products, answers product-related questions, and even upsells. So hit https://hellorep.ai/upgrowth and get a 2-week free trial + 50% off for your first 12 months.We love our podcast community and listeners so much that we have decided to offer a free eCommerce Growth Plan for your brand! To learn more and how we can help, click here:upgrowthcommerce.com/growIf you've been paying attention and your brand is ready to GROW, apply now to be the one new brand we take on this month!https://upgrowthcommerce.com/apply

Gateway to E-Commerce
S2 E09: Why Merchants Should Avoid "Blacklists" in Name and Practice

Gateway to E-Commerce

Play Episode Listen Later Jul 8, 2022 10:26


For years, the fraud industry has been using the terms “blacklist” and “whitelist” to identify customers whose transactions would be automatically declined or approved by a given merchant. We think it's time for a change. Listen now or check out the show notes: https://gatewaytoecommerce.clear.sale/episodes/why-merchants-should-avoid-blacklists-name-and-practice

The Jason & Scot Show - E-Commerce And Retail News
EP293 - E-commerce leadership changes and news

The Jason & Scot Show - E-Commerce And Retail News

Play Episode Listen Later Jul 7, 2022 43:07 Very Popular


EP293 - E-commerce leadership changes and news Episode 293 previews Amazon no good, dirty, rotten, Q2. Including why Amazon's much hailed SCOT software may have led them astray (not a surprise given the name). We also discuss the recent leadership changes at Amazon, Google, Pinterest, and Bed Bath & Beyond. Episode 293 of the Jason & Scot show was recorded on Thursday June 30, 2022. http://jasonandscot.com Join your hosts Jason "Retailgeek" Goldberg, Chief Commerce Strategy Officer at Publicis, and Scot Wingo, CEO of GetSpiffy and Co-Founder of ChannelAdvisor as they discuss the latest news and trends in the world of e-commerce and digital shopper marketing. Transcript Jason: [0:23] Welcome to the Jason and Scot show this is episode 293 being recorded on Thursday June 30th 2022 I'm your host Jason retailgeek Goldberg and as usual I'm here with your co-host Scot Wingo. Scot: [0:38] Hey Jason and welcome back Jason Scott show listeners Jason this is a start-up land it's like a triple witching we have the end of the month the end of the quarter and the end of the first half so too it's a big day to be making sure you're hitting your opening so that's what I've been doing today how is your summer been. Jason: [0:59] Less XLE than yours it sounds like. Scot: [1:02] Oh I've seen you in that department of Commerce data comes out so. Jason: [1:13] I don't know maybe I feel like we should move it to like python or are something more more hip for the geeky kids. But I am I'm having a great summer there's been plenty of New Avengers and Star Wars content on in it's fun to see some people in person there have been a few more in person events, I'm a little stressed tonight though there's a big day for listeners is being recorded on on June 30th, and Twitter is sun setting my Twitter clients that I use numerous times a day tonight so it's, it's possible that a lot of people that are used to getting spammed all day by me on Twitter are going to go into withdrawal tomorrow. Scot: [1:56] No you're gonna have to use the app like the rest of us mere citizens. Jason: [2:01] Yeah yeah the neophytes I have to jump in with the unwashed masses and the vanilla Twitter client or some other third-party client if any listeners have a personal favorite I'm open to suggestions. Scot: [2:15] Yeah they're not a lot of good ones whatever you do don't sign up for that paid service because it just makes your tweets take 10 times longer to go out it's like the opposite of a feature. Jason: [2:25] Yeah doesn't sound that appealing. Scot: [2:27] It's supposed to keep you from drunk Tweeting or something but then like you just kind of forget that they're all cued up out there waiting. Jason: [2:34] My best Tweets are the advised ones. Scot: [2:37] Yeah yeah your best ones are grumpy grumpy old Jason once where you're like all right digital on the get the most interaction. Cool well we wouldn't be a Jason and Scot show without some Amazon news. Jason: [3:00] News new your margin is there opportunity. Scot: [3:07] Yeah there's a lot going on at Amazon one of the. If you kind of remember back in our queue to 2022 recap from their earnings they talked a lot about how they had over built their capacity for warehouses so that's the first time they've done that since, oh I don't know 1995 and that was just like a line in an earnings call well now we're starting to see that they're closing warehouses there's been reports of them closing between five and ten warehouses I've heard they're closing delivery stations and figuring all that out one of the funny topics is a lot of folks started contacting me and realize said things like hey did you know your mention and this Amazon article is like what, what turns out they have this technology they've developed called the supply chain optimization Technologies, abbreviated sco T which happens to be my name. Jason: [4:04] And for newest nur's that's actually the correct way to spell Scott is it not. Scot: [4:08] It is yeah it was the 60s and my dad thought it would be fun to have a unique name and it's he was right it's made me infinitely google-able so I have a lot of very easy to find on the Google. I'm very envious of my friend Michael Jones who is impossible to find on Google so so no anonymity for me, but anyway you know what's interesting is and I want to read this little excerpt from a Wall Street Journal article a thousand or something, you and I both know at Amazon because they have this engineering culture they try to take people out of most decision-making process sometimes they call it hands off the wheel so they have all these AI like one time we had a guest on that told us how you know frequently a vendor will be negotiating with an Amazon buyer through a chat and it's a bot on the other side of the the chat not a human. So they have this technology called Scott and what it does is it makes three different projections for basically the orders for looking out into the future it does a high medium and low and during the pandemic. [5:12] The high wasn't high enough so they were kind of taking the high and adding some percentage to it and building out the Fulfillment infrastructure and everything based on what this a I did well because the a I had never seen a pandemic and it obviously it couldn't keep up with the upside of the pandemics demand curve it didn't see the downside of the demand curve coming either, and then I think the humans you know when you when you have your, pilot like six to eight quarters into adding 10% to what this thing does and nailing it. You know they also didn't anticipate this in the bottom fell out and that's one of the reasons why you know they just kind of too, kept taking the Scott forecast adding 10 to 20% and then suddenly they found themselves kind of with their skis out over a cliff. This is really interesting that kind of in a way that the an AI gone wrong kind of caused some of the problems here so I thought that was kind of funny. Jason: [6:09] Yeah I mean like the synopsis here is that Scott is the biggest money sink in Amazon. Scot: [6:18] It's true yep I like to think because they listened to the podcast they named it in honor of me and somewhere in there is a robot named Jason I'm sure. Jason: [6:26] Because you are their Nemesis yeah. Scot: [6:28] Yeah retailgeek it's hard to do an acronym for retailgeek but I'm sure someone there is is working on. Also you know as listeners know there's a new CEO and the jassy and there have been a lot of high-profile departures and it's not clear if he's cleaning house or. Um you know these these issues stocks down a lot of the compensation that Amazon is from stock-based compensation and then, you know someone has to be accountable for these problems so they had there was kind of this domino effect so there was right one Jesse took over there was two other people that were are parents Bell and Wilkie and they left, and then just recently this year a 23 year old veteran Named Dave Clark left and he ran the whole consumer business. Interestingly he went to a company that's been in the news a lot called Flex Port their CEO has been on CNBC and the all in podcast talking about how to fix the supply chain problems. So that's that's interesting that he was able to see your Flex Port was able to lure away a 23 year old Amazon bet. So there was some Sour Apples on the way out Dave Clark told someone that Jesse's just a, terrible micromanager and yeah he'd been there 23 years and shouldn't have to be micromanage and that kind of thing. [7:51] And then they announced that this the guy that ran North America consumer who previously had reported to Dave Clark his name is Doug Harrington he was moving up into that role, what caused a further chain reaction for those people that didn't get the Dave Clark opening one of those was Alicia bowler Davis she was SVP of global consumer, and she went to this online pharmacy called Alto Pharmacy and then Dave Bozeman he went to he was the VP of Amazon transportation services kind of the middle mile so she was if I understand she was Last Mile and he was middle mile, so they both left so that's interesting that the Fulfillment center they've been building out and to the key Executives for the last five years or so left those not clear if that was because of this build out and someone had to be accountable or if they got picked away or what's going on there, so a lot of changes in Amazon at the upper echelons and yeah some chaos here as they re adjust for the new post covid normal. Jason: [8:54] Yeah and I mean almost feels like there's a little bit of a perfect storm of reasons for that senior leadership to start to turn right which historically they have had very little turn by the way right through most of their history but you know the the founder departs as you point out there's a ton of the overwhelming majority of compensation is, stock equity and is that becomes less valuable like those jobs are. Are less sticky you know and there's just the rates of growth at Amazon are are naturally slowing down and it's, you know for a lot of people that you know are used to being the Rockstar that's you know constantly doubling your business and growing really fast it's not as much fun to. To manage their downturns and you know at best slower rates of growth. Scot: [9:45] Yeah and then you notice some changes coming in the grocery side. Jason: [9:50] Yeah so grocery ends up being kind of a really interesting part of this whole Amazon churn so the first thing to know is the new head of consumer that did win Doug Harrington, had previously started Amazon Fresh at Amazon so so, he is a grocery guy and his pre Amazon experience is with webvan which is sort of the original digital grocer. So he is a pure digital grocery guy obviously he's had brought more recently he's had broader roles it. It Amazon. Then then just grocery but you know one would assume that Amazon Fresh is near and dear to his heart that's the only brick-and-mortar concept that still. Sort of in play and growing at an Amazon so that's kind of interesting and historically there's been kind of a tension between Amazon Fresh which is. The grocery business Amazon built organically and Whole Foods, the grocery business that Amazon bought right and there have been times when they seemed like they were smashing them together and then there are times when they're pulling them apart and at the moment they're opening a chain of Amazon Fresh doors that compete with Whole Food. [11:02] You would assume Whole Foods is kind of upmarket expensive grocery and Amazon Fresh is meant to be well Market but like when it washed Amazon Fresh was a little more mid-priced, then we expected and Whole Foods is kind of moving down price a little bit more than you might expect so it's all, it's all been interesting they fight a lot over over Revenue recognition for online grocery orders and it's I would argue it's a confusing customer experience right now because you can order a. Assortment of items with different prices and different service levels from Amazon Fresh and from Whole Foods. So it'll be interesting does Amazon fresh wind because that's Doug Harrington's baby or you know does he at least. [11:44] Put more more stock in solving that problem you know I would argue digital grocery is the biggest white space in the kind of digital retail thing and so it. It's not bad for Amazon that they have a senior leader that understands that space so it's that's going to be interesting, and then on the whole food side the you know the founder of Whole Foods has remained in places the CEO which is kind of surprising given that when was the acquisition 2017. [12:12] Five years ago so five years sounds like a suspicious number for an urn out but. The you know he stuck he was the founder he stuck with a company for a long time like culturally he's, kind of different than Amazonian so when one might not have expected him to last that long but now there's a new CEO which is a long time Lieutenant of his Jason Bushnell boo shell rather and, whether this is the first initiative from Jason or it's a coincidence like Whole Foods has kind of announced that they are pivoting their pricing strategy in really focusing on, improving their value prop and reducing their prices and obviously there's a lot of Economic headwinds and there's kind of a. You know a big big segment of consumers that are concerned about the economy so superficial you go oh yeah it's obvious. That Whole Foods would want to get cheaper but I would actually argue. That we've really seen and shout-out to our friend Steven Dennis we've really seen like this very overt bifurcation of the consumer and there's a bunch of consumers that like do not appear to be changing their shopping Behavior based on inflation and, economic concerns and then there's a bunch of value-oriented consumers that are very overtly changing their shopping behaviors and you would. [13:33] You know a lot of luxury brands are actually raising their prices right now and doing quite well and so you'd almost expect to see Whole Foods lean into that affluent consumer, and Amazon Fresh you know try to try to Target that that value went into consumer but it appears they both have decided to go after value. Scot: [13:51] Yeah it's super confusing as a consumer to figure out and sometimes what I want I want for things and it'll split the cart between the Whole Foods in the prime and like then then it's a hot mess at that point. Jason: [14:04] Yeah I can't get my weekly shop from either one like I like some of the items and my weekly shop are not available from Whole Foods and some are not available from Amazon Fresh it's annoying. Scot: [14:14] Yeah. Jason: [14:14] To add further customer confusion so Amazon Fresh is Amazon's grocery store concept what you might have thought that there'd be a bunch of benefits to being a Prime member and shopping in Amazon Fresh. But you'd be wrong until recently like there were no special Prime benefits for Amazon Fresh Shoppers and so they just launched last week a new program which is kind of a. It's I would almost call it like a traditional retail grocery Affinity program you basically get 20% off on a lot of. On an undisclosed random list of thousands of items where they call everyday essentials if you're a Prime member shopping at Amazon Fresh So this is you know I mentioned that Amazon Fresh didn't come out. Quite as good a value as I was expecting well this is the big move to maybe make them you know compete more directly with with Aldi and. Scot: [15:08] Caught another thing I wanted to pick your brain on is a couple folks have tagged us on social media because they have seen the prime pay badging and new payment mechanism out in the wild have you had a chance to play with that. Jason: [15:22] I have and I confess I'm I'm a little more perplexed than I was when it first launched so maybe like the 30-second recap, um you know Amazon announced this new beta pilot called Prime pay and it's essentially letting third-party sellers that are not selling on Amazon. [15:46] Accept Amazon pay and. Offer Prime benefits and have your orders fulfilled from fulfillment by Amazon. [15:59] Like if their Prime members right so if your Shopify Merchant in you're selling cat litter, you know you can have a bad you know and someone's a Prime member and they're on your Shopify site you can say hey check out with your Amazon pay and and you know get your goods in one day or even same day, if our cat litter is in the Amazon Fulfillment Network and that's that was when they announced this beta and they didn't provide a lot of the details. You know my first reaction was that's a shot directly across the bow of Shopify. Who had been making a lot of traction with shop pay and was making a lot of noise if not traction with their fulfillment systems and now you know Amazon swooped in and said hey don't screw around with these, you know barely scaled fulfillment things just put all your goods in the Amazon's fulfillment and when you sell it from Shopify will ship the order or when you sell it on Amazon will ship the order, and will give you access to the. The biggest bet best digital wallet in the US market which is Amazon pay right and I thought that was super interesting and I was frankly really curious. If Shopify was even going to allow its Merchants to use it which. It would have been way off brand for Shopify to not allow that but you have to imagine they didn't want to vote. Scot: [17:18] Yeah. Jason: [17:20] And so now fast forward a few months and we've seen the first betas in the live in in, live in the world and they are all Shopify Merchants so first question answered at least for now Shopify is allowing its merchants, to use prime pay but there's a huge Nuance in Prime pay that I kind of missed when the beta was first announced but now it's glaring at me, um Prime pay will only fulfill your goods if you're already a Prime member. So when they first saw this I thought oh my gosh they just captured the whole 3pl market and no other 3pl is going to have any room because you're not going to be able to compete with the service level of Amazon and the convenience of the aggregated inventory and then the bonus of. Of the Amazon digital wallet on top of all that that it was just going to be too compelling a value prop and so everybody every small seller in the world is just going to rely on Amazon for all those Services game over. But. There's about 100 million Prime members and there's about 240 million households in the US so there's still an awful lot of households that do not have Prime. And if you're a Shopify Merchant and you want to sell something to any of those households that don't have Prime. You can offer Prime pay for the Prime members but you have to have an alternative 3pl to fulfill for the non Prime members. So they really haven't put any of the other 3pls out of business at all they've just stolen some of their volume. Scot: [18:49] Yeah yeah Anderson more more complexity. Jason: [18:53] Yeah yeah so it's going to be interesting to see how it all plays out, but it yeah shout out to our friend Joe a Marketplace poles they always have great content and, he was the first one in the made me aware of some of these betas in the wild and he found the cat lady's.com and I'm not going to ask how he he. Scot: [19:14] Put me there. Jason: [19:17] But Joe I'm a fan and props to you. Scot: [19:21] Your fan of Joe or the cat ladies are both. Jason: [19:23] Now both originally Joe but now I my my love has expanded to the cat ladies. Scot: [19:29] Do they really sell kitty litter. Jason: [19:31] I believe they do or at least like artificial grass. Scot: [19:35] Yeah that's definitely in the crap category hey hey I'll be here all night, another thing that Amazon announced that I know you're excited for because you're actually moving so this is a great time to buy some cabling and some new mesh network key things they announced Prime Day this year it's going to be July 12th and 13th and then they promptly have started pushing the deals out like right now like just today and yesterday I've been getting flooded with emails that say, they have a new brand for it and they call it early Amazon Prime Day deal exclusives so it feels feels a little desperate to be honest with you that you know they set up this big shopping holiday and now they're kind of, pushing the deals out with a before then I don't know if they're trying to juice Q2 or if there. One school of thought is if we're going into this recessionary period the more dollars you can grab out of that shrinking wallet due to inflation as well, get them sooner versus later so maybe they had set this up before things the macro deteriorated now they're kind of like wow I wish we could set this earlier let's go ahead and get some deals out I may be reading too much into that but I don't ever remember them kind of they've always had you know. Black Black Friday and January or early October kind of things holiday deals in early but I've never seen them, push Prime day as hard and early as they are now. Jason: [21:00] Yeah I mean they always have had some pre-primed a deals like it's not completely unheard of but I agree with you the volume seem significantly higher and it's funny that we still call it Prime day right because for a long time is over it went from like Prime day to Prime 18 hours to Prime two days and now it's starting to feel like Prime month. Um which is interesting I don't know this comes into play, there are some consumer surveys out there that show less interest in Prime day than years past right and you're comping against a tough Prime day in a very different economic environment and so like it's possible that there's some concern like Amazon's rate of growth has slowed and everything else it's possible possible that there's some concern, that. That you know Prime day won't have the it's for sure going to have a spike but that it won't have the same spike it has in years past, um and you know so they're they're trying to you know find ways to Goose it more I you know. I don't know I do think one of the interesting Dynamics there's kind of like two opposite forces that happen on Prime day like secretly. The stuff that sells best on Prime day are Amazon. [22:20] But the penetration on those Amazon products you know continues to be higher so that that like. The what the law of large numbers just means like. You know not you can't sell a smart speaker to as many people as you used to be able to do because everyone has a heck of a lot of smart speakers right and they're they're frankly getting so cheap that it's not as big a win when they do sell one. And so then the other half is this long tail in there like one of the problems there so many sellers on Amazon there so many Lightning Deals that like the signal-to-noise ratio in the, the awareness of some particular good deal and the scarcity of a deal like all of those things that you would normally do that a normal you know brick and mortar retailer with you know constrain inventory, would do for a sale like they just don't work as well. For this Marketplace model and so I do think it's tricky to keep the hype and you know we've seen you know Prime day was modeled after singles day we've definitely seen singles day lose some momentum still a big deal but rate of growth slowing significantly and reasonably that will see that at Prime Day to all that being said the way to think about prime day is it's it's two days of sales in one day which is kind of a big deal. Scot: [23:38] Yeah and then I thought this was interesting that Amazon announced that they're going to use some of that data that we've been collecting in their stores that don't have a check out the just walk out technology and they're going to be selling some of that data to Brands so they can basically say to our brand hey 800 consumers walked by your product three picked it up and put it back on the shelf and you know of those three they read the ingredients and then they put it back on the shelf and and then presumably there are some action ability to that data what what do you think about that. Jason: [24:16] Yeah so I think it's really interesting you know way before there was just walk out technology like we were starting to get some some very early technology to give us some insight about how consumers behaved in stores right so you were starting to get some like, smarter people measuring things that could do heat mapping and and you know we were getting these I could GI tracking technologies that we'd put on on a small subset of customers to kind of understand how they browse through a store, because you know frankly for the last 100 years of Shopper marketing we mostly have been based on these like urban legends about how Shopper shop, and not having a lot of data and then e-commerce comes along and suddenly you've got super granular data about how people pick products and what they glanced at and didn't buy and what they added to their card and then check out and what they you know added to their card and then took out of their car like all of this pre buying behavior that we get in e-commerce, we've never really had in the store and you know the Technologies and the methodologies these match Panel test all these different studies we used to do we're really sort of Kluge, and so a lot of us have said hey one of the secret benefits of just walk out technology is that by accident, it collects all of this really valuable consumer data about how people behave, before they get to the cash register or before they consummate their purchase since they're I guess there is no cash. [25:41] Um and you know we've talked about that being a useful Advantage for Amazon and that they're probably using it too, um sort of inform how they design these new store Concepts, and so now like so many other things than Amazon does they take this this. [25:59] Like you know competitive advantage that they have and they turned it into a product and sell it to other people so now they're selling those. Those Shopper insights to cpgs and you know you're a cpg trying to figure out how people decide to pick your cat litter versus someone else's cat litter on the cat litter shelf in a retail store. Um [26:21] Kroger won't tell you a lot about how they make that decision because Kroger doesn't know but now you can get real data from Amazon about how they make that decision and Amazon and you can probably assume that there's a similar path to purchase at Kroger so, suddenly like Amazon becomes the market research firm for all of the Shopper marketing so I do think that's super interesting, um they're not alone Walmart actually has a store that's heavily instrumented like this that they watch first that's called them, the intelligent retail lab store that you know it's kind of a it doesn't have just walk out technology but it has thousands of cameras and sensors and they sell data from that store through their data licensing arm which is called illuminate if I'm remembering right. And then you know Amazon launched a new product. [27:09] Nine days ago on the 21st that I'm really excited about this called Amazon marketing stream and Amazon marketing stream is, a much higher volume more granular api-based, access to all of the marketplace shopping data so that's you know data on traditional Amazon shopping that like, previously was locked up or you could only get for your own brand or you could you know you can only get in Amazon premium services. Now it gets plugged into pack view in all of these of these digital media tools you get all this real-time visibility to have people are making purchase decisions and then at the same time. They're rolling out this that same kind of data for how people are making purchase decisions in a brick-and-mortar store, super long answer but I think this is kind of a big deal and I do think this is the future is kind of replacing, like urban legends and opinions about how consumers behave with actual data about how they really are. Scot: [28:11] You do you think this stuff is kind of stand-alone or they're going to build this is going to be kind of feeding into this ad Network because they seem to be really putting a lot of effort into Excel. Jason: [28:20] Yeah I do so I think there's only so much so many brands that are so I'll tell you who's not in a position to buy that data is all the digital native startups that then cut a deal to get you know distribution through. Right against the big cpg brands that can afford like have budgets to buy that data and then you know they have so much like institutional. Impediments that then you know they all talk about how much wonder they are with that data but it's really hard for them to act on that data and do anything different than they historically have. And so I think the best way to make that data actionable is you know to filter that data into. New audiences and new ad formats for retail media networks right so like I think there's a natural. Fit between those. Those two products so I'm sure we'll see more Integrations in that but I do think for really smart marketers and in particular the folks that are involved in customer experience design, the the raw data is is super useful and and you know gives gives Brands a competitive advantage that are able to get it and take action on. Scot: [29:30] Cool did you so that's where we are on Amazon any non Amazon news. Jason: [29:39] Yeah just a couple of things to keep our show in its it's tidy timebox format we talked a lot about executive changes so in my mind there are two other huge executive changes, in our industry this week. There's a guy that we've talked about on the show several times Bill ready who's the in X PayPal guy in X PayPal mafia guy. That red Commerce for the last couple of years at Google and he just announced that he's leaving Google to become the new CEO at Pinterest so the, the founder is stepping out of the CEO role at Pinterest and they're bringing over Bill ready, and to be honest that has the pundants whipped up into a lather because everyone's like oh man Bill ready is a Commerce guy he was PayPal he was head of Commerce a Google Now the fact that the Pinterest is bringing a you know a dedicated Commerce guy in the lead the company, it's the most overt sign yet that you know Pinterest thinks it's future is Commerce. Scot: [30:39] Yeah which I think it's driven by the IDF a stuff don't you. Jason: [30:44] Yeah yeah again harder to make a living on ads when you can't show the efficacy of the ads quite as well and you can't Target the ads quite as well and so it becomes much more appealing to say, you know let's monetize our Audience by selling stuff to our audience directly and also that you know gives you that first party data that then you know keeps you, well immersed in the in the advertising business so I think for any of these. Free hydrographic social media sites it's a, it's a perfectly reasonable hypothesis to explore to say hey we got to figure out how to play really well at Commerce and make Commerce part of our core offering and certainly you know Pinterest is doing that they've talk forever about how, how much higher buying intent that their users have then other other social networks Tick-Tock is leaning heavily into it snap is leaning heavily into it it's a perfectly reasonable hypothesis, the one unfortunate truth is nobody's been particularly successful at it yet and. Have they not been successful because they just haven't gotten the execution right or is it because the consumer doesn't really want that like I honestly think that's an open question I don't think it's a foregone conclusion that Commerce can save all these social media networks I mean it's worth trying, but I think the jury's going to be out and I will say the. [32:10] The sort of part of this the bill ready transition that's not talked about that I'm frankly more interested in is to me one of the companies that. His best position to win a Commerce and is underperforming at Commerce the most is the company Bill ready as weaving its Google and you know, bluntly like I don't think Google has made a ton of Commerce progress over the over the last two years that bill ready has been there it's going to be interesting like will Google replace him will they replace him with a, Google Insider will they replace them with another Commerce person will that person have some new ideas like you know will they be able to find a way to kind of Marshall some of the inherent assets Google has and be better at Commerce oh my God I'd love to see Google lean into in-store Commerce more and help solve search and you know all of these retail media Network opportunities for brick-and-mortar retailers like I feel like there's a lot of untapped. Opportunity there that I've been surprised to see Google not succeed at and so it'll be like is this a new chance for Google to start anew. Scot: [33:20] Yeah and then you know it's also interesting so if your Pinterest board and you're like we need an e-commerce Guru the PayPal Mafia thing is good but that was quite a while ago and Google hasn't. Done a ton so I would be hiring somebody to Amazon expects you know it'll be interesting to see what if. Because there's so many floating around what if some of them one of them ended up at Google that would be dug be kind of really interesting to see if Amazon has own Minion. Jason: [33:49] Especially when yeah if Flex Port can get a super senior SS team member. Scot: [33:53] Yeah why can't Google yeah it's kind of weird right, yeah and then you know to watch someone that maybe had a chip on their shoulder that said hey I didn't get a promotion I'm gonna I'm going to you know use all these assets that Google has and bring them to bear I think the reason why is when these people interview at these bigger companies be at a meta a Google or whatnot. You know there's not a board sea level and board level focus on it you know 21 if you're a Google. The sacred cow is the add thing and if you if you say something like you know what I want to divert 20% of traffic to this new thing then you know if you're not going to do that so so startups from probably more attractive because they have more flexibility and they're not stuck kind of in that innovators dilemma like some of the other systems are. Jason: [34:50] Yeah think about that that'll be my deep thought for today yeah so I think that one is super interesting I'm gonna continue to follow that closely one side note like Pinterest has previously hired a bunch of other, I'll call them like Commerce stars and like one that stands out to me is. The chief technology officer from Walmart I moved to Pinterest Jeremy King and so I mean there's you know this is not the first. White indication that Commerce is an important Initiative for Pinterest so we'll we'll see how Bill does there I hope he does well so one other transition that I'm getting a lot of calls about these last couple days, is Bed Bath & Beyond just had their quarterly their Q2 earnings report and it was atrocious, so their same-store sales were down like 24 or 25 percent their e-commerce was down like 23%, um and you know folks may remember like a year or two ago they forced out the. [35:52] One of the founders is CEO and they brought in a turnaround CEO this guy Mark Triton and I talked a lot about Mark Triton he was like very credibly one of the architects of targets exclusive, brand strategies and so he was, the chief Merchant that helped launched a bunch of products at Target that were wildly successful and he left Target to become the CEO of this struggling retailer, Bed Bath & Beyond shortly after they hired Mark Triton they got a new activists board member Ryan Cohen who bought a big chunk of. Bed Bath & Beyond Ryan was one of the founders of chewy and made a bunch of his money there he was like a principal shareholder and on the board at GameStop during all the, the craziness with Robin Hood and GameStop and Bone all that stuff and so, like Ryan kind of inherited Mark as his turnaround CEO and simultaneous with these like very disappointing Q2 earnings, they announced that Mark would be leaving and they appointed an interim CEO who's a Sugo of who's a, already a board member at Bed Bath and Beyond and former CEO from like Goff Smith and several other retailers. So [37:20] What I have found interesting about all this it's a really difficult situation but Bethenny on Xena in a tough situation. [37:29] And they certainly aren't performing very well and they have a lot of cooks there at the moment with with conflicting ideas about where to go but I have seen a lot of pundits kind of. Like dancing on Mark Triton's grave and talking about what a horrible higher this was and how stupid it was for Bed Bath and Beyond Beyond to go after this this. Exclusive brand strategy that Mark was trying to execute and how like oh obviously this was doomed from the beginning and anyone could have seen this wasn't going to work. Um and kind of writing him off and personally I feel like that's a little unfair like II. Mark certainly turned out not to be the right CEO for the circumstances the Bed Bath & Beyond was in but I actually think that that, you know Bed Bath & Beyond needs to invent a reason for people to go there and spoiler it's not the 20% off coupon anymore, um it's not the treasure hunt anymore, like you're not going to win on assortment as a big box like against Amazon right and so one of the smart ways to win against Amazon is to sell stuff that people want that Amazon doesn't have and if you can invent desirable products, that's a smart strategy and every big retailer in America is trying to execute that strategy and Mark like frankly has been better than most of executing that strategy I think. [38:52] That strategy kind of sucks when you're hemorrhaging your customer base people don't have a reason to come to your store and then you, execute the first wave of your private label products and they all get trapped on a boat off the coast of Long Beach and never make it to the store right and so I don't know of in a different era if Mark strategy would have worked. Ed Bed Bath & Beyond I don't think it was an unsound strategy you know it just right you probably needed a CEO who's a lot more focused on being good at supply chain and cost-cutting and was willing to make some hard decisions about. Curating the store assortment and stuff like that to kind of cut costs. Before you got around to launching these products and you know horrific timing that you tried to launch all these products like you do as a. During a huge supply chain disruption so I don't know what do you think you think it was a doom strategy. Scot: [39:47] I don't think the externalities are hard to pick out you know so you go from a supply chain crisis into a inflation. No stagnation spiral this is like a it's a really rough rough rough hand that he was dealt for sure. Jason: [40:04] Yeah yeah so I don't know I do think they're a bunch of other retailers that really aspire to launch more products so I have a feeling that you'll see Mark glance I'm somewhere pretty soon because I think he has a skill set that. That will be in demand and then it does not appear they're calling Sue an interim CEO I don't think anyone thinks she's the, the future of Bed Bath & Beyond so I think they're they are out there doing a CEO search it's going to be interesting to see what kind of person, what you know will step up to that challenge right now. Scot: [40:33] While you were talking about it kind of the crazy idea popped in my head you know these these Amazon FBA acquisition vehicles have all seemed to hit the skids pretty hard thrashy oh and what not, yeah there's a there's a path where maybe they buy one of those if you wanted to like parachute in 500 private label Brands to try and restore that, that's one acquisition path that you can take to become interesting I don't know if you know if that makes any sense for the categories or whatnot but that would be an interesting, way to solve that problem with an acquisition. Jason: [41:09] Yeah no I do think there's something there and I think just the. You know I'm not sure you want to hire a traditional product Centric Merchant driven CEO. You know for a traditional product Centric company you know that's kind of losing its way right like you probably need some complementary skills they add something new to the mix and you're right like there's kind of a big remix going on in the world right now there's a bunch of digital Talent from you know the Amazons and Google's of the world this spinning off there's a bunch of digital Talent from all these, kind of startup ecosystems that you know we're we're playing in the Amazon Echo System and now we're less appealing and in the the you don't have to be a roll ups are a perfect example of all those, you know I think a bunch of those guys you know and and women will probably find, their next career opportunities taking what they know and taking it to a different kind of business than kind of just recreating what they've been doing. Scot: [42:10] Totally agree we will see. Jason: [42:12] In e-commerce guy solving Carwash for the world or. Scot: [42:15] Crazy crazy talk you do cat litter I'll do car washes. Jason: [42:20] That sounds like a great plan and that sounds like a great place to leave it because it's happened again we've used up all our allotted time, but as I always have you found the show helpful or it was entertaining to scream at how wrong we were into your podcasting client then you could reward us for that entertainment by jumping on iTunes and leaving us that five star review. Scot: [42:44] Thanks everybody and until next time. Jason: [42:48] Happy commercing.

Fraudology Podcast
Visa 2023 Chargeback Rule Changes: A "Blessing" or a "Curse" for CNP merchants?

Fraudology Podcast

Play Episode Listen Later Jul 7, 2022 65:10


Fraudology is presented by https://seon.io/ (SEON). 3 weeks ago, Visa made an announcement....that they were going to make an announcement about chargeback rule changes for 2023 on 2 webinars beginning the following week. In their pre-announcement, they stated the rule changes would be a welcome change for online merchants, who have been long plagued with 1st party fraud ("friendly fraud") chargebacks, that continue to rapidly increase. There was a buzz & excitement among enterprise merchants and online payments & fraud experts, hopeful that this information would reduce 1st party fraud chargebacks in the eco-system, and bring more fairness to CNP merchants in the chargeback process. But, after the webinars commenced, merchants were confused. Did they understand them correctly? Will this be the game-changing "solution" to reducing this issue as promised? In this episode, Karisse puts on her chargeback nerd "hat" and provides a deep dive into the rule changes as she understood them. Will these changes benefit merchants in a reduction of lost revenue due to friendly/1st party fraud? How will these changes impact chargeback recovery (representment) rates? Is Visa's solution that they suggest, the only way to solve this issue? *All information within this episode are Karisse's interpretations of what was shared by the Visa Risk team on the webinar for MRC members on 6-23-22, and the public-facing webinar on 6-28-22; all opinions & open questions are her own or were shared with her by fraud & payments professionals for enterprise-level merchants requesting anonymity. For the rule change information straight from Visa, the MRC webinar can be accessed by MRC members in their member library or will be available on the Visa Merchant website soon. For questions, contact your acquirer or your Visa representative (if you have one). If a representative from Visa is willing to join Karisse on a future episode of Fraudology to correct any of this information and/or answer additional questions, please reach out via LinkedIn. Fraudology is hosted by Karisse Hendrick, a fraud fighter with decades of experience advising hundreds of the biggest ecommerce companies in the world on fraud, chargebacks, and other forms of abuse impacting a company's bottom line. Connect with her on https://www.linkedin.com/in/karissehendrick/ (LinkedIn) She brings her experience, expertise, and extensive network of experts to this podcast semi weekly, on Tuesdays and Thursdays.

The Derivative
Cotton the Canary, Why it's a leading indicator, and how it's traded with Ron Lawson

The Derivative

Play Episode Listen Later Jul 7, 2022 84:32


Are the Fed's hikes starting to dampen inflation? Oil, grains, and metals have all fallen from their highs. But the rarely spoken of Cotton market was one of the first to crack…falling from 1.58/lb to 0.95/lb in just a few short days. We're digging into this sharp drop and just why and how Cotton is involved in seemingly everything with RCM's very own cotton king, LOGIC Advisors Ron Lawson. In this episode, Ron is giving us the low down on how and why he believes it's not Dr. Copper which acts as the global economic barometer, but how Cotton is the real Canary and leading indicator on global demand. In between those talks, we're covering all things Cotton including crop insurance, irrigated vs dry land, the scam that was Pima and Egyptian Cotton, the process of cotton – which countries have it, which want it, ginning it, spinning it, dyeing it, global commodity merchant co's pushing it around, and even micro-plastics, climate change, and how Cotton always flows to the cheapest labor source. Finally, we're walking in some high Cotton putting Ron in the hot seat. Will we ever get the growth back? Tune in to get these critical hot takes — SEND IT! Chapters: 00:00-02:00 = Intro 02:01-07:10 = Welcome to Ernie's Tin Bar 07:11-26:16 = Cotton market Selloff, the lack of demand, and Crop Insurance Payouts 26:17-42:20 = Who has the cotton? Where is it going? The Touch, the Feel, the Process of Cotton 42:21-55:34 = Merchants, Ginners, and Spinners: The players in the cotton game 55:35-01:11:45 = Pima & Egyptian Cotton, Technologies & Standards 01:11:46-01:16:38 = UC Davis - Is all Wine starting to taste the same? 01:16:39-01:24:32 = Hottest Take: We'll get the Growth Back Check out and sign up for LOGIC newsletters here and for more information visit their website at logicadvisors.com Don't forget to subscribe to The Derivative, and follow us on Twitter at @rcmAlts and our host Jeff at @AttainCap2, or LinkedIn , and Facebook, and sign-up for our blog digest. Disclaimer: This podcast is provided for informational purposes only and should not be relied upon as legal, business, or tax advice. All opinions expressed by podcast participants are solely their own opinions and do not necessarily reflect the opinions of RCM Alternatives, their affiliates, or companies featured. Due to industry regulations, participants on this podcast are instructed not to make specific trade recommendations, nor reference past or potential profits. And listeners are reminded that managed futures, commodity trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. For more information, visit www.rcmalternatives.com/disclaimer

The Daily Crunch – Spoken Edition
Pinterest launches new shopping features for merchants

The Daily Crunch – Spoken Edition

Play Episode Listen Later Jul 7, 2022 3:30


Pinterest announced today that it's rolling out new merchant features, including product tagging on Pins and a Pinterest API for Shopping. The company says all of the new features are designed to make it easier for merchants to create engaging shopping experiences for users. With the new Pinterest API for Shopping, merchants will get access […]

The Gamecasters: A Board Gaming Podcast About Board Games
Episode 93: 7 Wonders Architects, Sobek 2p, Picture Perfect, Prehistories, Merchants of Magick - Top 5 Games That Primarily Use Cards

The Gamecasters: A Board Gaming Podcast About Board Games

Play Episode Listen Later Jul 6, 2022 194:13


Hey there, Gamers, and welcome to episode 93! In today's episode we talk all about a bunch of games, we get to hear Natalie's "combo" story for Ryan; Jeff talks about his feelings on fireworks; Natalie savagely eviscerates Terra Mystica on the Boardgame Beatdown; we play an Association Station and then end the show with our Top 5 Games that use cards as the primary mechanism. There's a lot in this one! Enjoy! -The Gamecasters

Geek Shock
Geekshock #645 - Teenage Mutant 900 Pound Elvis

Geek Shock

Play Episode Listen Later Jul 2, 2022 97:51


On this episode we do a double secret giveaway for tier 2 (Quinoa Salad) members (with AMAZING theme music composed by Fact Check Andy), and discuss the James Bond movies, Jumanji: Welcome to the Jungle, Roku, the Mystic Aquarium in Connecticut, Rule of Wolves by Leigh Bardugo, Book 4 of Rebirth of the Fallen by JR Konkol, Everything Everywhere All at Once, Knights of the Dinner Table, Cerebus the Aardvark, Eastman & Laird's TMNT, buying stuff on Kindle, Obi-Wan Kenobi, the Elvis movie, the Geekshock crew's real life Elvis stories, Smuggler's Cove by Martin Cate, Haggling at the Meepleville Board Game Flea Market, why you don't bring Vlarg to a car dealership, Merchants of the Dark Road board game, Cameron Diaz was apparently retired, our problematic IMDB, a star wars home theater that comes with a free mansion at Disney, The Electric State, the final season of See, Harley Quinn season 3, Top Gun: Maverick, James Rado, and whatever the hell you want us to doodle for you.  It's time for a gloriously Torgo-less Geekshock!

The Arsenal Opinion - by Le Grove
PATREON LATE RELEASE: RAPHINHA, LISANDRO, STANDARDS MERCHANTS PT II

The Arsenal Opinion - by Le Grove

Play Episode Listen Later Jul 1, 2022 80:10 Very Popular


THIS VIDEO ORIGINALLY POSTED ON WEDNESDAY VIA OUR EXCLUSIVE PATREON.SIGN UP HERE: https://www.patreon.com/TheArsenalOpinionHERE'S THE DETAILS ON THE SHOW:JOHNNY, PEDRO AND MATT CHAT ABOUT ALL THE LATEST GOSSIP IN THE WORLD OF ARSENAL. ENJOY AND SUBSCRIBE! Get bonus content on Patreon See acast.com/privacy for privacy and opt-out information.

AppleInsider Daily
06/30/2022: Select merchants now offering 4% Apple Card Daily Cash until July 31... and more news

AppleInsider Daily

Play Episode Listen Later Jun 30, 2022 4:01 Very Popular


Tune in to our HomeKit Insider podcast covering the latest news, products, apps and everything you need for a smart home. Subscribe in Apple Podcasts, Overcast, or just search for HomeKit Insider wherever you get your podcasts. Apple Podcasts: https://podcasts.apple.com/us/podcast/homekit-insider/id1515834398 Spotify: https://open.spotify.com/show/6NdU3vOKmP6pMpViTfM2ij Overcast: https://overcast.fm/itunes1515834398/homekit-insider Google Podcasts: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5maXJlc2lkZS5mbS9ob21la2l0aW5zaWRlci9yc

Jeff Mendelson's One Big Tip Podcast
E244 - Innovative programs are available to help deal with the financial pressures you are experiencing, both personally and professionally | with Jen Lee

Jeff Mendelson's One Big Tip Podcast

Play Episode Listen Later Jun 28, 2022 19:10


Many people are dealing with financial pressures that were not a part of their lives before Covid. Jen Lee, a credit strategist and debt attorney helps clients create feasible solutions to get their finances back on track without filing for bankruptcy. Co-Author of Preventing Credit Card Fraud: A Complete Guide for Everyone from Merchants to Consumers, Jen knows the shame people experience when they have financial difficulties. By addressing the elephant in the room right away, Jen removes the uncomfortable parts of the conversations, allowing her clients to be solution-oriented. Listen to this episode of the One Big Tip podcast, and discover alternate solutions for the financial stressors you may be experiencing. Jen Lee of Jenleelaw.com is the person you want on your side when you have a credit or debt problem. Having come up in the field during the 2009 housing crisis and recession, Jen took a unique approach to her talents and combined her love of numbers with her legal degree. With over 70% of Americans having debt and credit card problems, bankruptcy filings were high. Jen realized that there were alternate solutions as long as you kept an open mind and could move past the social stigma associated with credit card debt.  The first step in tackling debt in either your personal or professional life is setting up goals and benchmarks that you want to reach. Often, people's issues can be solved rather quickly, but they tend to fall back into the same patterns that created the debt initially. One thing that stood out to Jen was that most people aren't struggling because they are trying to keep up with the Joneses. Most people are in debt due to divorce, medical bills, or something unexpected that drained them financially. Jen works with her clients by creating a list of options. Always starting with the least aggressive solution, such as budgeting, to the most aggressive or last resort, such as filing for bankruptcy. Jen looks at the situation from a pure numbers perspective without any emotions attached. It's easy for her to see where there is spending that can be cut, but like with everything in life, the best approach is the one you will use consistently. Whichever option Jen chooses with her clients, she tries to ensure that it doesn't affect the roof over their heads. Many people talk about debt consolidation, but that is not always the best choice due to the high-interest rates the programs charge. Another option that's not always the best is writing the debt off via bankruptcy. Many people forget the tax implications associated with bankruptcy. Keep in mind that writing debt off doesn't mean it doesn't hit your credit score, and if it does go on your credit report, it affects your score for many years until it falls off. When Jen takes you on as a client, the first step she has you do is add up all the debt you have. Once you have a precise number of your entire debt, you approach the situation differently. The next step in using Jen's framework is to stop using credit cards to fund your lifestyle. She pushes her clients to live strictly within their monthly income without using their credit cards as a clutch. After that, she encourages them to make more than just the minimum payment due every month, so you bring down the principle. That's the only way to truly make a dent in a large balance that rolls over with interest month after month. Another strategy that Jen uses with her clients is committing to paying off one credit card at a time. This makes your debt more manageable. The longer you continue with this practice, the fewer credit card balances you have to pay down. Jen typically recommends paying off the card with the highest interest rate first. If you realize that you have a large amount of debt and can't pay it off with your monthly income, bankruptcy becomes a viable solution. Most AmericansSupport the show

Expert Dojo
257 How Benjamin Makes Banking for Merchants Simple and Rewarding

Expert Dojo "The Art of Startup War"

Play Episode Listen Later Jun 28, 2022 49:38


Our platform connects merchants and consumers with sharable cash rewards so that merchants get more paying customers.   A financial platform that connects brands, customers, and influencers with sharable cash rewards.   Benjamin helps merchants with their existing customers by inviting them to join Benjamin and assign them branded cards for free. Merchants can attach different kind of loyalty discounts to cards and increase your customer loyalty even more and build brand awareness when customers show your card. Benjamin offers long-term revenue share and cash back from any purchase made.    Comes with a powerful set of reports that allows merchants to see exactly what impacts and return-on-investment your campaign is having, no matter where you are. If you have the next big idea, apply to the Expert Dojo Accelerator:   www.expertdojo.com

Whispers of Oxenfurt: A Witcher Podcast
The Witcher 3 - Novigrad Side Quests Part I - Episode 17

Whispers of Oxenfurt: A Witcher Podcast

Play Episode Listen Later Jun 27, 2022 62:35


Video Show available here - The Witcher 3 - https://www.youtube.com/watch?v=Kyfyayd9YDE&t=16s This episode covers the quests Cabaret, Carnal Sins, A Matter of Life and Death, and Now or Never. Whispers of Oxenfurt episodes available here - https://drive.google.com/drive/folders/1D5zNrsLAVRLULhjOTu42Q12fR1XuGs8Z?usp=sharing Brett's appearance on Merchants of Novigrad - https://www.youtube.com/watch?v=Xv2NKvzzVZU&t=2785s All comments, questions, and interactions Discord with an "On the Path" channel - https://discord.gg/XBcSrM3SNY Twitter - https://twitter.com/witcherpodcast Email - witcherpod@gmail.com Instagram - https://www.instagram.com/witcherpod Where you can find Lucy Twitter - https://twitter.com/lucyjrobyn Twitch - https://www.twitch.tv/lucyjrobyn YouTube - https://www.youtube.com/c/lucyjrobyn Where you can find Brett Twitter - https://twitter.com/thefoxbride4 Twitch - https://www.twitch.tv/thefoxbride All sounds are from The Witcher 3 and The Witcher 3 soundtrack.

Media-eval: A Medieval Pop Culture Podcast

Media-eval ventures to Valholl as Sarah and returning guest Miti von Weissenberg tackle 2022 film The Northman! Join us as we explore masculinity, gender, slavery, race, and vengeance in the film and in the real Norse past. CW for discussion of sexual assault (which is not graphically depicted in the film but is thematically important) and for discussion of white nationalism (which is relevant to the audience response to the film and to attitudes toward the Vikings in general). 
Want to learn more about the context for the film? 

Check out some classic Icelandic revenge sagas: The Saga of the People of Laxardal and Bolli Bollason's Tale. Transl. Keneva Kunz. London: Penguin Books, 2008  1903 Translation into English: https://sagadb.org/laxdaela_saga.en2    Njal's Saga. Transl. Robert Cook. London, Penguin Books, 2008.   1861 translation into English free and online: https://sagadb.org/brennu-njals_saga.en    Read some excellent scholarship on the Vikings and Scandinavia:   Brink, Stefan, in collaboration with Neil Price. The Viking World. London: Routledge, 2012.   Callmer, Johan, Ingrid Gustin, and Mats Roslund, eds. Identity Formation and Diversity in the Early Medieval Baltic and beyond : Communicators and Communication. The Northern World : North Europe and the Baltic, c. 400-1700 AD. : Peoples, Economics and Cultures: Volume 75. Leiden: Brill, 2017.   Clements, Jonathan. A Brief History of the Vikings (The Last Pagans or the First Modern Europeans?) London: Hachette, 2005.     Duczko, Wladyslaw. Viking Rus : Studies on the Presence of Scandinavians in Eastern Europe. Brill, 2004. Frank, Roberta. “The Invention of the Viking Horned Helmet” in International Scandinavian and Medieval Studies in Memory of Gerd Wolfgang Weber: Ein runder Knäuel, so rollt' es uns leicht aus den Händen, ed. Michael Dallapiazza, Olaf Hansen, Preben Meulengracht-Sørensen, and Yvonne S. Bonnetai, 199-208. Trieste: Edizioni Parnaso, 2000.    Jarman, Cat. River Kings. A New History of the Vikings from Scandinavia to the Silk Roads. London: William Collins, 2021.     Jóhanna Katrín Friðriksdóttir. Valkyrie. The Women of the Viking World. London: Bloomsbury, 2020.     Price, Neil. The Viking Way: Magic and Mind in Late Iron Age Scandinavia. Oxford: Oxbow Books, 2019.   Price, Neil, Charlotte Hedenstierna-Jonson, Torun Zachrisson, Anna Kjellstrom, Jan Stora, Maja Krzewinska, Torsten Guenther, Veronica Sobrado, Mattias Jakobsson, and Anders Gotherstrom. “Viking Warrior Women? Reassessing Birka Chamber Grave Bj.581.” Antiquity 93, no. 367 (February 1, 2019): 181–98. doi:10.15184/aqy.2018.258.  Price, Neil. Children of Ash and Elm: A History of the Vikings. New York, Basic Books, 2020.  Samson, Vincent. Les Berserkir. Les Guerriers-Fauves dans la Scandinavie ancienne, de l'Âge de Vendel aux Vikings (VIe-XIe Siècle). Villeneuve-d'Ascq: Universitaires du Septentrion, 2011.     Weiss, Daniel. “The Viking Great Army.” Archaeology 71, no. 2 (2018): 50–56.   Winroth, Anders. The Age of the Vikings. Princeton: Princeton University Press, 2014.    Winroth, Anders. The Conversion of Scandinavia: Vikings, Merchants and Missionaries. New Haven: Yale University Press, 2012.   Social Media: Twitter @mediaevalpod E-mail: media.evalpod@gmail.com Find Miti at @MvonWeissenberg Rate, review, and subscribe!

XChateau - Navigating the Business of Wine
Making Fine Wine Transparent, Efficient, & Safe w/ James Miles, Liv-ex

XChateau - Navigating the Business of Wine

Play Episode Listen Later Jun 22, 2022 50:01


Seeing the opportunity of bringing solutions in the financial markets to fine wine, James Miles, CEO and Co-Founder of Liv-ex, launched the London International Vintners Exchange (“Liv-ex”). Through standard contracts, guaranteed trades, and a plethora of data, Liv-ex is making the fine wine market more transparent, efficient, and safe. Though the Liv-ex 100 and 1000 indices are what it may be best known for, it is an end-to-end trading platform. Listen to James explain it all as well as market trends on this episode of XChateau! Detailed Show Notes: Liv-ex backgroundFounded in 2000Based on the similarities between wine and stocks, leverages financial solutions for wineMission - make the fine wine market more transparent, efficient, and safeAn exchange for wine - London International Vintners Exchange (Liv-ex is the acronym) - an end-to-end solution to buy and sell wine, including price discovery, trading, and logistics to ship wine globallyCustomers (merchants) in 42 countries, Liv-ex doesn't compete and sell to restaurants, hotels, or represent producersTrading on Liv-exAn order matching system - customers place buy and sell orders on the platformBids are firm, cannot cancel orders - a new concept for wine, which is usually “subject to availability”Created standard contract for wine trading - includes condition, when to pay, and when it will be deliveredThe order book is a queuing system - 1st based on price, 2nd by the time of bid, the book is always openWine traded on the platform2010: £55M traded across 1,000 wines - 97% Bordeaux, top 10 Bordeauxs + DRC = 70%2022: £100M traded across 15,000 wines - Bordeaux ~35%, Burgundy, ~25-30%, Champagne / Italy ~10%, CA growing; France still ~70-75%Transactions are growing ~20% per year, but avg price is decliningMerchants>580 merchants on the platform2022 - UK ~35%, Europe ~40%, USA - ~15%, Asia ~10%Fastest growth - USA, Europe, slowest - AsiaProvenance/condition of winesJoining Liv-ex requires review by the membership committee - look at financials, where wines are bought, etc.Has data-sharing initiatives with customersHas special contract for older / rarer wines (takes into account more information)Liv-ex DataLiv-ex Fine Wine 100 index - tracks most traded wines, uses production and scarcity weighting vs. just price (multiplies price by # of cases and depreciates this over time; price is mid-point of bid-offer spread or last transaction price)Liv-ex 1000 - price-weighted, top 100 wines and last 10 physical vintages, breaks down to regional indicesIf no price from the platform takes price from customer listings or valuation committeeAn active market in ~15,000 wines but tracks ~350k winesCustomers have ~$1.5B of wine actively marketingMarket trendsBurgundy is the big winner; Champagne & Italy did well, especially w/ US tariffsTop increases: DRC, Roumier, Leflaive, Selosse, Salon, top Italian wines / BarolosEverything w/ a hint of Leroy doing well (e.g., Arnoux Lachaux has risen 4x having worked for Leroy in the past)Wine has been doing well so far against macro headwinds (e.g., Brexit, tariffs, Covid, war, inflation), and physical assets are an excellent place to beBusiness modelMembership fee - based on features used and amount of data consumedTrading fee - 2-3% commission on both sides, usually ~5% of total trade (low vs alternatives - wholesaler - 10-20%, auctions - 25-30%, importer/agent - 30%+)Settlement fee (per unit fee) for logistics Get access to library episodes See acast.com/privacy for privacy and opt-out information.