36 Burst results for "Lululemon"
A highlight from The What a Weird Week Show: Sneakers, Chainsaws, Green Slime! Friday, November 10th 2023
"It's the What a Weird Week show for Friday, November the 10th, sneakers, whales and iron claws. Hi, everybody, it's weird. This is like crazy news here. Really weird, weird tale. Well, I got a great show for you today. It was so wonderful. Weird stuff. Hi, friends, I'm Scott, and this is the What a Weird Week show. We do a top 10 countdown of weird news that happened this past week. Maybe some of these stories didn't even show up in your newscast, and now you can get caught up in all the weird stuff. If you want links or things, if you want things, show notes dot page, show notes dot page. All right, let's get it going. What a weird week for Friday, November the 10th season something episode can't remember. Number 10 is the Nike lawsuit. Nike is suing New Balance and Skechers for patent infringement. This is about sneakers and technology in our sneakers. I'm not a lawyer, but my paraphrase is Nike is saying you stole our idea and New Balance and Skechers are saying they're sneakers. They go on your feet. Come on. You don't have the worldwide rights to feet. I don't know. That's kind of it. You can read the article. The link is in the show notes. Quote from the article, Nike's Flyknit technology uses high strength fibers to create lightweight uppers with targeted areas of support, stretch and breathability. End quote. I feel like those are good qualities to have in a shoe that could possibly, if you've ever had smelly shoes going on before in your life, breathability, yes, support. Who doesn't want support? Stretch after the end of a long day and a lot of salt, yes, you want stretch. All good qualities. Nike says whatever is happening there with the other, with their competitors, it is stolen. It is all patented technology that has been stolen. So to be continued on that front, by the way, Nike has already sued Adidas or Adidas, depending where you're at. I don't know how you pronounce it. Puma and Lululemon, they've all been sued by Nike concerning patents on Flyknit technology. Adidas, Adidas and Puma have settled Lululemon. That's a case that is still going on. It's a big old shoe showdown, you guys, a shoe down. I'm scared it's going to drive up the cost of shoes. Next they'll be coming for our Crocs. Number nine is the chainsaw wielding thieves in the news and what they're thieving. It's all of trees. It's all of trees, you guys, they're stealing all of trees. Not maybe what you thought first off when you're hearing chainsaw wielding thieves or whatever. Maybe that's exactly where you went to. I was surprised. I was click baited a little by that headline. The price of olive oil is getting high enough that thieves are thieving that stuff sometimes with chainsaws, chopping off branches or sometimes just chopping down entire olive trees, which is not a sustainable business model. Why is the price of olive oil so high? It's all the things you imagine. You know the answer already. Bad crops, climate change, mercury and retrograde, that one maybe citation needed. We might have to switch to bacon grease instead of olive oil for our delicious salad dressings until this gets solved. Here's a quote from the story. In Greece, a one liter bottle of extra virgin olive oil jumped from eight or nine dollars last year to fifteen dollars this year. That's a lot of money.
Fresh update on "lululemon" discussed on Dateable Podcast
"Hi, friends. Welcome to another episode. Are you all full from Thanksgiving? Are you all wearing elastic waistpants? Which is what I live in. Is it a problem if that's what you were doing before Thanksgiving? No, not at all. Not at all. That's all I own. Now when I see pants with buttons, I'm like, ooh, why? Why would you do that to yourself? I feel like I have to replace my workout pants. And I'm not saying that as someone that's always working out. It's just what I live in now, basically. You know, like I do. OK, so I do Stitch Fix. This is not sponsored by Stitch Fix. This is my personal thing. I thought they would be a great sponsor. Oh, we would love to be sponsored. Yes, I love it because I'm super lazy. In shopping, I used to love shopping, like love it. Like growing up, my grandmother was like, like that was her hobby, basically shopping. And I loved it. And somewhere along the lines, I just lost it completely. And this shirt I'm wearing now is from Stitch Fix. But what's great about it is that they just send you stuff in the mail. You don't have to think about it. But I was saying the other day that I have like way too many sweaters and jeans from them now. And I was like, oh, maybe I should just cancel. And then I was like, I need to actually just redo the quiz or whatever and be like all athleisure, because that's all I need. Yeah, exactly. Like get the staples that you live in. Like what? What are jeans? Like why? Why do people wear jeans? Well, I feel like the staples, like the yoga pants I wear, the problem is because I wear them so frequently, they start to wear down because they're not like nice. I'm not like getting Lululemon and like top tier brands. And I wore one the other day and I wore it out. My partner was like, you should not be in public in that. Because they were like completely like worn down on one side. I'm like, I'm out of pants. Oh, my God. When your partner tells you you should be wearing those pants, you know, it's a dire situation. True, especially a guy. I've also lost my interest in shopping just because it's such a pain in the ass like to go out there and be around people. So I do online shopping, but online shopping is such a crapshoot. You know, it is. That's the problem with it. Yeah, it's kind of annoying. So I do a lot of returns. You're more stylish, though. I feel like at least in L.A. I mean, you probably experienced this moving from S.F. to L.A., but it seems drastic. Drastic. S.F. fashion goes to die. Yeah, as a fashion, there's like a uniform, basically. And you're like, oh, I can just wear this all the time. But yoga pants. Yeah, yoga pants, fleece sweatshirt. Yeah, good company issued logoed sweatshirts. Yeah, you're good here. It's like if you do wear that, then you got to wear like something really crazy on the bottom. You know, it's like part of an outfit. It's a look like a Google hoodie with like the red leather pants. Oh, my God. Taking it that it's no longer fun anymore. Yeah, well, you know, that's all to say that that's nothing related to this episode. We're about to this interview. I was like, it kind of is, you know, appearance reality TV. I don't know. There's a stretch. There's always a stretch if you find one. Sure. Like your reality TV. We talk to the girls from Two Black Girls, One Rose, who have this amazing podcast all about reality TV. They break it down. They do the summaries. They talk about some of the hottest shows out there, and they take it to a whole new level. Like Julie and I can talk about Love is Blind for hours, but they can talk about it for hours. Like they could talk about all of them, not just like the whole gamut of reality TV. And I was kind of thinking about this reflecting back on this episode is on one hand, we can critique reality TV for shaping our reality, so to speak. But on the other hand, reality TV is a mirror, a reflection back of what's going on in modern dating. And sometimes when you look back and when it's reflected back at you. Yeah, it's alarming. You're like, oh, this is a shit that's going on in real life. It's not just for the drama. I'm really glad that we did this crossover. We were also on their podcast, Justine and Natasha. Those are the hosts of Two Black Girls, One Rose. And we were on their podcast to talk about the pick me mentality, you know, like that. I want to be chosen at all costs. And you see that on reality TV. It's like, will I get this next rose? Will I progress the next round? But we also see that in dating culture, because how many times have we heard from people? I just want to get to the next date. I just want to get that text back. I just want to DTR. And sometimes we don't stop and say, like, do I even like this person that I'm working overtime to get their attention? And I'm really glad we did this crossover because you and I were clearly able to bring our expertise on modern dating and they were like, oh, we hadn't thought about it this way. And then they brought their deep dive knowledge about reality TV. We were like, yeah, we had it connected those dots. So, you know, obviously check out us on their podcast, too. But this is a great episode. It made me think about reality TV a little differently. And we're not saying that reality TV mimics dating 100 percent, but it is interesting to see the parallels. I thought you're going to say and we brought our expertise on reality TV as well, which is true. I mean, we we do between Julie and I think we've got some like the popular reality shows covered. I'm so glad I recently turned her to Bachelor in Paradise, which is my favorite show. And I will stand by that is so good. I admit that I have not been a big proponent of The Bachelor. I don't like it. There was a period there was a period. Yes. Like eight years ago. Yes. Yeah. And I was like, I don't know about this. And I actually am a recent convert to reality TV dating shows. Love is Blind is what did it for me. There was something about that show that made me really like get hooked on it. And my partner still doesn't believe me because I always tell him, like, I never really watch this that much. Yes. Thank you. You are vouching for me. He's like, yeah, right. You're always watching reality TV shows. I'm like, now I am. Yes. Yeah, I can I can say several years ago, five years ago, you were not this Julie that I know today. I'm so glad that you come to the dark side. I've gone to trash TV world converted, but it's still they're all social experiments and these are still real people on these shows. So, yes, some of it's contrived and scripted, but there are still reactions that you find very relatable, you know, the insecure and the insecurities come out. I find those moments so relatable because you find that in everyday dating, you know, that's that's what happens the one part. I'm going to tie it back to your stitch fix conversation. So you can tie everything back. That is the skill we have. The one part I do not find relatable at all to reality TV is the amount of makeup and the outfits that they don on these shows. How many hours are they getting ready before they go on camera? Because the cameras are rolling at 6 a.m. So are they up at like three putting on their lashes putting on their nails putting on their fucking face like this is so not relatable. Well, especially love is blind with the first part of the show. They're not even see the people but they're like clearly they're on camera full cocktail dress. Yeah, if this was real dating and I wasn't seeing anyone actually this was kind of covid right? Like you were doing a lot of dates on the phone. I love phone over video because I'm like permission to not get ready at all. Yes, no permission to be in my pajamas doing a date. I mean, if you're going to try to be your truest most authentic self, wouldn't you be lounging in your PJs and you just like bedhead? I don't know. I that's the part that's a disconnect for me because that's not reality. It reminds me of the scene with it in bridesmaids when she wakes up next to the guy, but she goes and gets ready first like puts on makeup and then comes back to bed. It's like, oh, I just woke up like this. That's what it reminds me of. It's so it's like so not real. I feel like there's been multiple scenes in TV shows like yeah, like Marvelous Mrs. Basil they had one too. But okay, there is a little bit of reality of this though, right? Like when we go on dates, I don't know about you. I wear I'm not putting the levels of makeup as these people but I wear more makeup than I normally do. Okay before covid times. I always wear a dress to date. What how often do I wear a dress ever? Exactly, exactly. So we're always kind of putting our best face forward. I know for dates. I know it in some ways I get it. It's a respect thing. You want to you're showing that you respect yourself and you respect the person you're with. So you're putting a little bit more effort that part. I agree with but to go out there and wear the amount of makeup or to wear the outfit that you would not ever wear and it's only a date outfit or a date makeup. Yeah, that's a little misleading for for me, right? So but we all do it all of us do it. We all do wear like the four inch stilettos to date. So like when else would I ever wear? Why would I torture myself in this is such a fucking bait and switch because he's going to get in a relationship with me and I'm going to be a sneakers like all the time. So I kind of got like nostalgic about dating the other day because like one of my friends was telling me how her like sisters back dating and you know meeting people and I'm like, oh, there's like a part of me that misses that right like never knowing what's around the corner what the night will hold. It's fun. It's exciting. But the part of dating that is not is this right the presentation and this like feeling like I'm need to impress someone and it I think this is what makes dating so painful because it's so unnatural like I love dating in covid when I just showed up at the park in my yoga attire because that was natural and I felt comfortable and I was more focused on making a connection with someone then how I would look at how I was presenting and I feel like we get so caught in this stuff that we lose track of it. Why are we actually trying to date in the first? Yes, because we're trying to create the reality TV environment on these first couple of dates, but they're not real because the camera stopped rolling at some point and that face is going to come off at some point. So we got to find a good balance a few weeks ago. I went on a date with this guy and he said do you want this date to be casual or do you want this to be like date date? And I said, let's keep it chill and casual. So we had a really chill like t-shirt and jeans night and I I kind of appreciated that there wasn't a choice and he was able to think about the two different scenarios. So that's an option. Look at you a back out. I know did I just repeat back out there? But I was like, whoa, is this how dating works now? Like you get a choice between two different scenarios is great. Well, I remember like when I was you know in the thick of being super single. I remember going to brunch with our friend Kiana and she was just like I wish there was like this radically honest date where you could lay out everything on the table just like past travas all the deal like everything that's happened. So you just get super real with the person and it's like in theory. I do really like that idea but then it never comes off right because this person is a stranger right and then it just comes off as trauma dumping but I do think like we try to be someone we're not so often and that's what gets in the way. Yep. I used to go on first dates with like a story in mind, you know a persona today. I'm gonna be a flirty dance instructor you a guy and then I'm gonna come in with a story about like a student. So reality TV and like yeah, my date would be entertained but then at the same time be like who the fuck are you just came in hot with all these stories and this like this persona about you. Yeah, I was so fucked up. Oh my God. If anyone is a new listener, you need to go back to the archives. I'm gonna link it in the show notes on this one just so it's easy for people but there is one episode we did back in the day. You know what I'm talking about. It was called dating on a whim because there was a dating app whim back then that's no longer in existence. Yeah, and you may put it out of business. I'm just kidding. We did the opposite for them of what they hoped would happen. No, it was it was actually like I think the best thing that happened for you though because you went in thinking like slaying the date, entertainer, what you just said basically like I'm the persona and the guy that was like I just want you to be real like why are you doing this and it was the wake-up call. He's like that's nice and all but who are you like halfway through the day? Yeah, who are you? But I do actually I guess in the vein of reality TV. I love doing those type of episodes when we've done them because we basically in we had UA and him go on a date and we interviewed both of them and it is the social experiment. It's the same thing that is drawing us to reality TV is just like living and seeing people interact as like this third party and it's like you're almost like getting this like the spy vision into someone's life. If you look at any reality dating show, it's the same progression the first couple dates the conversations like flirty and kind of performative, you know, oh my god, I'm so into my nieces and nephews. I love seeing them for holidays. I bring them all these is like it's that kind of that tone to like you have been taught to your niece and nephew and like yeah, like what are their names you name them and then when insecurities come out that's when the voice the tone of the voice drops you go to a lower octave you start speaking much quieter and then the conversations more about like I don't I don't know where this is going. I don't know how I feel about this person that the authenticity but every reality show goes through that progression same with dating the first couple dates. It's like yeah, I went to school here and I grew up here and I love the snow and I love to hike it's up. Everything is like light light light and then when someone doesn't call you back or there's yeah, there's like some ghosting happening your voice drops like I don't know what the fuck happened. That's the real you that's the real how do we get to that faster? That's always been my question. How do we do it like fast forward to that? I just like who made up I mean some of it's the rules and bad dating books, but I feel like it goes further. It's like someone back in the day decided like this is how dating works and we must do these progressions of steps and present this way. Like how did that even get started? Yeah, it must be some somebody who studied first impressions and said this is how you make a first good impression. Do you remember maybe you don't remember Julie maybe this is like because we're a few years apart. Maybe this all died by the time you entered the job job force, but when I was interviewing for jobs after college, I had to wear full suits. Do you remember that? Yeah, but that was taught to me in college in college like when we did on-campus job interviews. We were all told to buy full fucking suits to wear and now looking back is like what unless you worked on Wall Street. What job would you wear a full fucking suit? It's the same thing with with dating. It's like why are you if you're interviewing for this job? Why are you acting and presenting yourself in a way that you would never act in that job? Well, I remember I brought all my suits when I moved to San Francisco and I quickly realized that I looked like a complete and utter fool here because everything is so casual here right like people would show up in the hoodie if you're in a full suit like you looked ridiculous, but it gives me a little hope for dating. Yeah, this maybe as a culture we're getting there right of saying like you don't need to put on this front. Yeah, we're getting there. No, okay. Okay. Well, we could go on all day, but we get a full episode for you with Justina Natasha. So excited to bring that to you at datable podcast. That's where you find us Instagram TikTok YouTube everywhere. We're all over the place. We are still changing the name of the dateable Facebook group from love at the time of Corona to something else. We have not forgotten about it. We're just trying to find that right name still a discussion, but it's happening. Don't worry, but for now you can find us there too. Yes. Okay announcements. So our finding your person program is still open. We are so excited for everyone that's already joined. We had a good amount of people that are already locked into the program, but we still have a few spots left registration is going to close on Sunday the 3rd. So you have until then to get your spot unless we reach capacity beforehand which has happened in the past and that happens. We'll have to close the registration. So the moral of the story is sign up sooner than later because you may miss your chance and if you're brand new and you have no idea what finding your person is or FYP we can call it for short of it is our flagship program that we've been running now for three years. I think we've been doing it for quite some bit. We've had different cohorts. We probably should start naming these cohorts, but we have had multiple cohorts go through this. We love doing this program. It's all self-paced audio digital workbooks. And then you also get to check-ins with the two of us. So we love to see your progress throughout and there's also a bunch of bonuses you receive too. So we love this program and we're excited to offer it again. Get on it. And if you want to register go to findingyourperson.com. Okay. Well before we keep going, let's hear a message from our sponsors. This episode is brought to you by Factor. It can be hard to find time to cook your everyday meals at the end of the year, especially when your calendar is jam-packed with holiday plans and from all the holiday cooking sometimes you just want a meal that's convenient. Factor is America's number one ready-to-eat meal delivery service that delivers chef-prepared dietitian approved meals straight to your door. 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Not the same lackluster gifts that you could find just anywhere. I may have pulled the trigger and got my mom this adorable book nook since she's such an avid reader, but hopefully she's not listening because that might ruin the surprise and don't tell anyone but I might have gifted some of their jewelry because I was really digging their birth month flower heart necklaces. So cute. There are so many options at Uncommon Goods that make for unique gifts for your entire shopping list. And remember with every purchase you make at Uncommon Goods, they give back $1 to a nonprofit partner of your choice. They've donated more than two and a half million dollars to date. To get 15% off your next gift go to uncommongoods.com slash datable. That's uncommongoods.com slash datable for 15% off. Don't miss out on this limited time offer. Uncommon Goods were all out of the ordinary. It's time to get your checking account to zero with free checking from PenFed. 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A highlight from The Mike and Mark Davis Daily Chat - 10/03/23
"Not just any Fleetwood Mac record, little secondhand news, first track when you put the needle down, when that little Rumors album was released, you heard this, you heard the great Lindsey Buckingham, who is 74 today. Mike, you've caught, you've caught the Mac a few times, have you not? Oh, sure, sure. Love Fleetwood Mac. What a sad, what a sad story because he's so, he's a genius. He's a total genius. And they fired him like four or five years ago. The chemistry was just terrible. He does solo tours now and does some, some Fleetwood Mac stuff, but I just hope he's just not... These stories, these stories about these guys all breaking up and fights and all that. The Eagles, of course, had an epic, epic battle. You know, who they fired, they fired, I guess, the, I mean, they had a big, the two of them, the two founders, I guess, of the Eagles. They broke up and then they came back and, you know, it's like, hey, life is short, you know? That's it. You know what it makes you think about? It makes you think about Aerosmith. Same five guys, 50 years. There you go. You got to get Steven Tyler well again because he like blasted a vocal cord. But anyway, speaking of people who've been together for a long time, here's my buddy. How are you doing? Well, I'm good. I'm just trying to make sense out of the, the rage that the establishment Republicans and the Rhinos and the squishes are exhibiting towards Matt Gaetz. Now, I, I think there's a lot of merit towards the frustration over what Gaetz is trying to do in, in ousting Kevin McCarthy personally. I think Kevin McCarthy has done a great job. I think he's, he's fine. You know, it's a tough conference. It's a tough coalition. You got to hold it together. McCarthy did a great job in helping to identify strong candidates in California and New York, in New York. And without those victories, Marc, we don't have, we don't have a Republican majority in the House. Now, we have a slim majority in the House, slim, four, four people. That's it. All right. So I want to present, and I get it, you know, this is probably giving the Democrats a lifeline. It's ceasing our momentum. This is probably not the most productive thing to happen right now to try to have this crisis over the Speaker of the House. But what the establishment types are saying in their rage, and man, are they mad. I mean, Marc, they're not agitated. They're not, they're livid. I mean, I, I heard this morning, I, I never knew Switzerland could be so angry. Man, for Switzerland, Switzerland's got the knives out in the show before yours. Geneva is on fire. Oh, my gosh, Switzerland is burning. This is a reference, of course, to the always even -handed, neutral, and presidential matters, et cetera, our buddy Hugh Hewitt, who has decided to take a couple of sides, take one side on this. Not so neutral on this issue, is he? I mean, it's just like full -blown, Gates is a clown, he's a fraud, he's a traitor, he's a this, he's a that. I saw a tweet last night that got me thinking, and this is, I think, a reasonable thing to have as part of this conversation. Has Kevin McCarthy fulfilled the promises he made in order to get elected speaker in the first place, or hasn't he? It's a reasonable thing to talk about. It was, you know, Gates and Lauren Boebert and Eli Crane and all these real, you know, sharp -elbowed Republicans got concessions from McCarthy in his bid to become speaker. Remember, I'm old enough to remember that wasn't so easy. That was not long ago. Exactly. And it wasn't that long ago. It wasn't that easy, right? Well, he promised they would pass 12 appropriations bills for a budget, in other words, fiscal responsibility in the budget. He'd give members at least 72 hours to read legislation. Now those are not, that's not onerous and that isn't crazy. So those two promises, well, both of those promises were broken this past weekend. And Gates is saying, you broke your promises and we're going to hold you accountable. Now, does he have a plan? It doesn't really sound like it to me. I don't know who you replace him with. Thank you. And it does hurt the Republican momentum we have. There are over 200 Republicans who are solidly in McCarthy's corner. But Mark, we expect some accountability. We do expect disruption. We do expect people who are warriors and fighting for what we believe in. So it just seems to me that to turn on Matt Gaetz all of a sudden and, P .S., insult the millions and millions of Americans who are rooting for him isn't very productive. Are they rooting for, first of all, your sound, sound logic throughout. Are they rooting for him in this particular tactic or they admiring the lofty standard that he has? And it may not even be all that lofty is like, hey, you made us promises to become speaker. How about keeping those promises? There's an old adage that it's possible for multiple things to be true at the same time. Here are the two things that are true at the same time. Kevin McCarthy has been a very successful, very impactful speaker and deserves a lot of conservative praise for the things he has been able to do. There's thing number one thing. Number two is he might have fudged on some of these things, seems to have fudged on some of these procedural things, and I don't say that to be dismissive of them. Some of these things that he promised the Gang of 10 or whatever they were that were that were holding him up. So in what form is this the only accountability? Is this the only way to call him out? Because all I would ask, and I'll give this back to you in the following way, is if Gaetz tactics are so great and if they are to be admired, what is the end game? What is the plan? Trump's have disruptions a plan, and it's a wonderful plan. Various other people who are disruptors, there's a place they're trying to get you to. Here's what I want to do that is specific. Here's the goal I'm trying to get to. What exactly is the Matt Gaetz end game? I don't know, and I don't know that he knows. I'm not sure he does. I would suggest, I would respectfully submit that the way to deal with these differences is behind closed doors, not to burn it all down. I mean, again, make no mistake. I don't agree with the Gaetz tactic right now. I don't want anybody to be lost on that, but I also strongly disagree with disparaging the spirit with which he's doing it. And again, savage millions and millions of Americans in the process. So listen, I guess Cal's out of the barn. He's called for the vote. The vote's going to come today or tomorrow if they oust McCarthy, which is possible because Democrats are quite capable of adding to this misery right now. Right now, Gaetz needs some Democrats. And if he gets Democrats to support him because they like to sit back and see this kind of dumpster fire, well, McCarthy's out, Mark. Is there an irony there in that Matt Gaetz needs Democrat help to oust a speaker whose worst sin is doing something with Democrat help? Yes. That's a great irony with a capital I. Great way to put it. It really is. And I heard a congressman, you know, a RINO New York congressman on Hewitt this morning and they are again, they are on fire. As you said, Geneva is burning. But this guy pointed out, well, I don't think any of the Democrats are going to want to be associated with this guy, Matt Gaetz. Don't be so sure. Strange bedfellows sometimes. Well, AOC of all people said this week, hey, we're not going to it's not up to us to bail the Republicans out of the mess they're in. Believe me, they're enjoying this. I do agree that this benefits the Democrats. I'm sorry for that. And I hate it. But I also don't like seeing, you know, somebody called a nihilist. I mean, nihilist. You know, it's like and he's anti -American and he's got his daddy's boy and daddy was the Florida. I mean, they're just attacking him personally. I mean, it's it's kind of wild. To see it. There are bigger fish to fry. I want to share with you. You mentioned earlier I was listening to you talk about the plight of the big cities. Horrible story out of Philadelphia. There was a young journalist, an LGBT journalist who was very prolific on X and social media mocking conservatives for being concerned about crime in big cities like his city of Philadelphia. And this guy was even mocking the idea of having a gun to defend yourself in your home. He was mocking and taunting Republicans for criticizing cities like Philadelphia. He loves this Jim Kenney, this sanctuary city mayor. Markie was shot and killed in his home this week. He was murdered seven times, seven bullets put in his body. And of course, the ghouls on social media are dancing on his grave and they're mocking him. Can't do that. But but you must understand that this is life or death, that things are happening in these cities. And I hate it. I hate it for his for obvious for him and for his family, his loved ones. And again, a well -known journalist in Philly, apparently in the LGBT community. But the bottom line is a day before he was murdered, he was literally, you know, poo pooing the idea that we got a crime problem in Philly, mocking the people who are trying to draw attention to the issue to make it better. And it's funny. So did you hear the two things when I was talking about the conversion of Dallas mayor Eric Johnson? He said, listen, we need Republican mayors in our big cities, so I'm going to become one. We also need to elect more of them. And that seems like a ridiculous long shot. How do you get a Republican elected in most of America's big cities? And I don't know the answer to that except to try. A lot of people don't even want to try. We have given up. We have ceded the cities to Democrats. Is that helpful? 70, 80 percent of Americans live in these big cities. Is that helpful to just give up or should we try to it's a marathon, not a sprint. It's an uphill steep climb to try to get some sensible Republican mayors who can save our cities. You spend so much time in New York. I grew up in the suburbs of D .C. I'm in Dallas and Fort Worth all the time. You're in Tampa all the time. Big cities are beautiful. There's no more beautiful city in America than San Francisco. It breaks my heart what happens out there. Should we try to save American cities or say, screw them, get buried under your own bad policies? I'm inclined to say you own it. You live with it. You've got to you inherited this. There's a great column by Douglas Murray of the New York Post called The Fall of Lululemon. How stores have surrendered to looters. He tells the story of how Lululemon fires employees who try to stop shoplifters from walking out with the high end material and merchandise from Lululemon. And a lot of stores are doing this. They're firing any of the employees. They're saying, let them go. Let them walk out. And guess what? When you when that happens, when you encourage it. I mean, it's not a sane society anymore. I mean, call us old fashioned. Law and order is an important thing. It's one thing that people want to steal, but for businesses not to mind being stolen from. Well, but I'm intrigued by the employees thing. And for those that don't know, Lululemon is high end athletic wear, mostly for for women, but not exclusively. And so there's some some an arm load is some serious cash if you're going out the front door. Thousands and thousands of dollars. What do we expect? I mean, if I'm an employee, I'd love to say, well, I'm not going to let this happen, blah, blah, blah. But sometimes these people might be armed. I mean, what these what these stores need is armed guards to prevent this, not employees trying to try and try to go vigilante. Two female Lululemon employees in Atlanta confronted three masked men who pillaged the store. All they did was call the police. Right. I mean, one of the systematically said, you know, what do we want them to do? What do we want? They did call them. They were fired. They were fired for for for OK. Pardon me. Confused host for for calling the police or for not doing more for calling the police. No, they did too much by calling the police. One of the fired employee told the Atlanta Journal Constitution, we are not supposed to get in the way. You're supposed to clear the path for whatever they're going to do. And then it's over. You scan a QR code. We're not supposed to call the police. We're not supposed to talk about it. And Douglas Murray says Lululemon isn't the only company in America that has taken this completely lax approach to its own stock. Well, guess what? Lululemon's on the verge of bankruptcy. They're going out of business. And Douglas Murray writes, you know what? I'm sorry. Count me as one who's not real sympathetic. We're in post consequences America. And this is how Congressman Henry Cuellar gets carjacked. Or it's not the specific because of this, then that because crime is going to happen. But we're going to get more of it in cities where people know they'll get away with it and know that punishment does not await them. And there is a choice that Americans get to make. Republicans are law and order. The Democrats are certainly not, no matter how mad Switzerland gets. Look at that. Look at that call back. Happy Tuesday. And the Mike Gallagher Show lies ahead. Everyone knows that putting money aside and savings is really important. But then what? Should you keep your savings locked in a CD for a higher rate or keep them liquid in a money market? Can your checking account help you save, too? Or is it about creating the right combination? We believe real banking is a conversation. Let's talk about the savings options that are right for you. Learn more at SandySpringBank .com. Member FDIC.
Monitor Show 12:00 08-31-2023 12:00
"Three billion dollars and then they upped that to four and a half billion dollars so the costs associated with them are pretty steep. And I wonder how this plays into ongoing discussions with the United Auto Workers unions with between General Motors, Ford, Stellantis. Yeah absolutely I mean there's a big big discussion point there about EVs and what it means for the workforce of course for these automakers so we'll have more reporting on that coming up. This is Bloomberg. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. This is Bloomberg Markets with Paul Sweeney and Matt Miller. We got a lot of green on the screen here but the volume is light. We constantly underestimate the strength of the US consumer. This is a market that's much more optimistic or bullish than maybe its central bankers are. Breaking market news and insight from Bloomberg experts. There's still some concern out there in the market that there is room for things to deteriorate a little bit more than what they're indicating. As small and medium -sized businesses struggle they don't present as much competition. The supply chain has still got dislocations globally and here in the US. This is Bloomberg Markets with Paul Sweeney and Matt Miller on Bloomberg Radio. Alright coming up in this hour we're gonna talk to Molly Smith she's a US economy editor. We'll talk a little bit of economic news but I really want to get her thoughts on the US Open. She's the big tennis fanatic here in the building so we'll get the latest what's happening out at the US Open in Queens. And then we're gonna talk about the retailers. Brendan Case US retail reporter with Bloomberg News. We're talking about Dollar General's earnings miss and I'm gonna preview the Lululemon earnings coming after the close today. Then ETFs you can never talk about ETFs too much because that's where the money's going. Bill Davis managing partner and portfolio manager at Stance Capital. He's gonna join us to talk about ETF investing where the money is in fact going what strategies are.
Plastic Surgeons Report an Increased Demand for "Designer Vaginas"
"Plastic surgeons around the world are reporting an increasing demand for designer vagina surgeries. The term designer vagina describes vaginal cosmetic surgery procedures that aim to enhance the physical appearance of the labia for the purposes of increasing a patient's confidence and associated reducing discomforts. A chief surgeon from the United Kingdom said that in 2022, he performed double the number of this particular surgery than the year before. He attributed the increase to tight leggings. Sound a little crazy that a woman would elect to have a surgery because her leggings were too tight? Yes, we thought so too. Since 2010, it has become fashionable to wear athletic wear as everyday wear. They call it athleisure wear. Stressing style over function, it might include joggers, leggings, sports bras, yoga pants and shorts. Think Lululemon, Athleta or Fabletics. The athleisure wear market is expected to surpass 842 billion dollars by the year 2028. It seems that its manufacturers have introduced a new fashion trend, the ultra tight leggings. These tight leggings are form -fitting. Some wearers complain of pain, discomfort and chafing. Some are embarrassed from clothing visibility outlining the labia majora, the outer lips of the vulva, commonly referred to as the camel toe. Athleisure wear manufacturers apparently are not willing to accommodate all sizes of labias. So as relief and remedy, women are flocking to purchase their very own designer vagina. The procedure labiaplasty shrinks the labia minora, otherwise known as the flaps on the inside of the vagina, and carries a price tag of more than four thousand dollars. As one surgeon says, it's all really interlinked, choosing a pair of leggings which causes discomfort and which in turn draws attention to the labia and the need for surgery. He noted that 80 % of his patients sought the surgery because of the discomfort of tight clothing. One might call this an interesting phenomenon of a woman's prerogative, but upon closer inspection there's a tattered corner of critical historical layers to peel back. It reveals a dark origin story of how we got here. Guess what villainous beneficiary and it? The patriarchy.
"lululemon" Discussed on Bloomberg Radio New York
"Higher just above $76 a barrel gold is also hired about 1880 and ounce, Bitcoin. It finds a bit out there. Boy, now trading above $17,000 per token so sub movement over the weekend. Let's get some more color on the pre market equity trading. A little bit more markets correspondent for the credit. What are you looking at? Well, we'll start with a company. I feel like we don't do a lot of coverage of Ally Financial. Okay. That's a former General Motors acquisition from G Mac or whatever. Oh, is it? I think. Well, it also a couple of months ago was the one who really warned about credit cards to be car loans, kind of turning over. And that whole concern nevertheless, they got upgraded to neutral from underweight over at piper Sandler saying their headwinds are now priced into the stock, shares rallying off that call up about 1.7% this morning ALL Y is the ticker there. We also got to look at a favorite Bed Bath & Beyond. We know the carnage that it went through last week, specifically. And remember, it is reporting its earnings on Tuesday as well. B, B, B, Y is the ticker. It's up, Paul. Get this by 18 percent in the pre market. So a lot of pain here from last week that seems to be a little bit of a rebound. Remember, this comes as her really looking at a potential bankruptcy on their hands. I remember with the going concern warning from last week. The other one I want to pick up flag to you is Lululemon. Are you a little? I'm a huge fan of Lululemon, the brand. And the product. I don't necessarily wear it myself. But a fan, a little less. So Lululemon shares the taker down about 10% in the pre market. They actually made forecasts that gross margin for the fourth quarter would decline 90 to a 110 basis points Okay, so this is on just rising costs. But here's why it's like taking such a hit. It's 90 to 110 relative to 20 to 20 that they have forecasted. Before. So a massive massive hit there are, of course, meeting with analysts investors of this week, but as a result, there's a little bit of trading and sympathy there because Lululemon, like I said, down about 10%, Nike shares also under pressure, nk down 1.2% and Under Armour as well as the one you want to keep an eye on you, AA down about 2.2%. So a little bit of contagion when you're looking at the retail space. Yep. Absolutely. Athleisure, Tom. Good morning. Athleisure. Totally on top of that. Well, imagine we say good Monday morning to moving to the inflation report on Thursday, really being front and center, but all of a sudden it's an incredibly active
"lululemon" Discussed on Bloomberg Radio New York
"World And they've relied upon getting endorsements by leading professional athletes Is that a strategy we might see from Lululemon They could go ahead and do that as well but keep in mind that lemon doesn't necessarily have the budget that a Nike would have Nike is a $30 billion company in terms of top line greater than that And rule one in 6 billion So what's the catalyst here for getting into this market Again it just seems super competitive And you talked about some of the margin challenges is this just trying to extend the brand value the brand of Lululemon it's another vertical Yeah I think it's the natural adjacent expansion category So they have apparel They have accessories They did test shoes before with APL through a partnership And that did really well So I think since that point they were just trying to craft a line of their own and now finally in 2022 they were able to launch it for women's It's shoes and apparel go hand in hand So it just crossing the customer over into an adjacent category And if you do bring loyal customers into the stores and they can really crush shop from footwear and tap out or Paralympic software You know I'm looking at the FA function on the Bloomberg terminal the financial analysis and it's got some of the forecasts from the street Looking at 2023 their fiscal year January 2023 20% top line growth in fiscal 24 14% top line growth That's pretty darn good What's driving it It's the demand for active or I mean we all lived through the pandemic right There's more yoga pants and everyone's closets So they're ever before And that trend continues even though we're returning to work there's a balance now and the demand for Activewear just continues to grow Interesting stuff Lululemon is the call there Put them Thanks so much for joining us We appreciate it put them intelligence retail analysts coming up on the program The Russell 2000 inflation playbook you're listening to Bloomberg intelligence On Bloomberg radio providing in depth research and data on 2000 companies and 130 industries You can access Bloomberg intelligence via B I go on the terminal.
"lululemon" Discussed on Bloomberg Radio New York
"All right let's get stock specific here and we can do that with our friends at Bloomberg intelligent Lululemon athletica And look at the stock here at LU LU is the symbol It's got a market cap of about $48 billion off about 3% year to date Let's get the story here and we'll bring in Bloomberg intelligence senior retail analyst punam goyle So Lululemon is certainly a brand well well known by many folks out there What's the investment call Yeah As everyone knows for its apparel is now going into shoes which is a new territory for them And we think the shoe opportunity could be a $1 billion just like it was for Under Armour if you would call a year ago when they had stuck into shoes from apparel As they launched shoes which are now out for a woman running shoes that is They have been criticized for the lower margin category that it is So when you think of margins for apparel they're about closer to 58 60% But when you think of shoes they're right under 50% So it is margin dilutive And I think that's where the criticism is We ran the numbers we don't think it's that dilutive If they grow to a $1 billion in sales in ten years that is and their sales for the current business grows at a double digit clip still We the detriment to margin is still less than 50 basis points based on our analysis What's the focus here for Lululemon Who's the target audience for the shoes Is it the athletic shoe market Is it more the leisure shoe market Yeah it's the performance sheer market So they are competing head to head with Nike Adidas for performance shoes But that said the way they're launching the shoe business is interesting They're going after a woman's first So the shoes that are out right now cater to the moment audience which is their core customer And next year they'll introduce the line demand So when you think about Nike and Adidas traditionally for decades they really cater to the male customer And next they've had women choose but it's technically just been maybe a shoe that was crafted for men but now they'll add it in the pink color And the smaller side They've also changed the way they do business but they don't have the lion's share of the women's market like they do for men So lemon does have an opportunity to kind of go into that market and try to grab share Yeah it's interesting You think about some of the big brand advertisers out there that have just worked so hard over decades to build their brands and a lot of them are the shoe companies And I would think that would be make it very difficult for Lululemon to break into What do you think is going to be their competitive advantage That they have the current market right So they already have the active wear Roman customer They're shopping for leggings sweatshirts for sports growth She's already in their stores Now she's left to cross over into shopping footwear And I can tell you from our early channel checks online some of these shoes are already sold out So they are being very well received Oh that's interesting All right so how about the men Because I mean you mentioned Nike and some of the other athletic shoe companies really focusing on the male category Lululemon on the other hand has built its brand value in the with women How are they going to go after the male customer So they are building amends businesses So the focus for the last three years and they have an Analyst Day coming up in the next few weeks They're going to talk about growing men's further And there is a men's policy But it's just not as strong as women Next year when they launch men hopefully they'll have some more data to support the launch for a month But we do think it's going to be a little harder for them to get a mail shopper moving away from their Nikes to a lemon For performance that is You look at the playbook for again the Nikes and they did this is the world And they've relied upon getting endorsements by leading professional athletes Is that a strategy we might see from Lululemon They could go ahead and do that as well but keep in mind that lemon doesn't necessarily have the budget that a Nike would have Nike is a $30 billion company in terms of top line grade and rule one and 6 billion So what's the cattle's here for getting into this market Again it just seems super competitive And you talked about some of the margin challenges is this just trying to extend the brand value the brand of Lululemon into another vertical Yeah I think it's the natural adjacent expansion category So they have apparel They have accessories They did test shoes before with APL through a partnership And that did really well So I think since that point these are just trying to craft a line of their own and now finally in 2022 they were able to launch a turbulence It's shoes and apparel go hand in hand So it just crossing the customer over into an adjacent category And if you do bring loyal customers into the stores and they can maybe crush shop from butler and to apparel or apparel and people wear You know I'm looking at the FA function on the Bloomberg terminal the financial analysis and it's got some of the forecasts from the street Looking at 2023 their fiscal year January 2023 20% top line growth in fiscal 24 14% top line growth That's pretty darn good What's driving it It's the demand for active or I mean we all lived through the pandemic right There's more yoga pants and everyone's closets So they're ever before And that trend continues even though we're returning to work there's a balance now and the demand for Activewear just continues to grow Interesting stuff Lululemon is the call there Thanks so much for joining us We appreciate it putting oil Bloomberg intelligence retail analyst coming up on the program The Russell 2000 inflation playbook you're listening to Bloomberg intelligence On Bloomberg radio providing in depth research and data on 2000 companies and 130 industries You can access Bloomberg.
"lululemon" Discussed on Bloomberg Radio New York
"Community college professor herself admits she's really disappointed but she says she and President Biden have not given up on the needs of students Global news 24 hours a day on air and on Bloomberg quick take powered by more than 2700 journalists and analysts in more than 120 countries I'm Nancy lions This is Bloomberg All right aunt thank you so much You're listening to Bloomberg business We can't answer a longer term stand of it While it all started late Friday I was still in the office a story crossed the Bloomberg about peloton maybe being in play well the stock is definitely reacting today Yeah peloton shares up more than 23% as we speak They were up as much as 31% earlier in the day I mean Ben's side a technology and media analyst for Bloomberg intelligence has been watching this closely I mean joins us on the phone from New York City Okay peloton has just gotten beat up over the last year I mean shares down more than 80% I'm wondering who is the likely suitor if there is one at all That's a very good question Thanks for having me on So I think peloton is peloton's best and but what I mean here by that is there are if they fix the issue that they have been having in the last few quarters even in the last year there is no company that does exactly what they do at the scheduled Is there a leader in the market But looking at the rumors and the news that we've seen any tech company that wants to grow their fitness vertical significantly could be a better or as we discussed earlier companies like Nike also could be a good fit So really depends on those companies and the strategic goal Well Lululemon already has the mirror Would they possibly do another add on so that it kind of improves the variety of offerings that they've got It is possible It will make a good fit if both on your combined And that's why what we wrote in the past is peloton's growth expectations could improve if they are the ones acquiring for instance company like torn or tempo onboard Those are the questions that we talk about most with investors But to your point yes And upper company could have significant synergies with that What about a potential I mean John foley the founder and CEO of peloton something we've spoken to several times over the last few years He owns 85% of controlling shares something like that with peloton It is He maintains control of the company Do they have to get him on board How much of an impediment would he be if a suitor were to come in and say I want to buy peloton Take us into that Yeah 100% I think that's the main question that investors are asking is when we talk to about this deal is if peloton doesn't want to be sold it's not going to be so insiders have majority ownership of as you mentioned voting rights for the company So it will not only have to get the CEO on board but also other insiders but yes if they don't want to be sold it's not going to happen Yeah I just want to clarify one thing He's got 21% of the outstanding shares of the non traded B class shares Okay but it's enough that they've got to get his signing off on it In your view I mean does peloton have to do something some kind of liquidity event here Just to ask the question to the point be shares are typically 20 volts to one class as share So that's why if you have the majority if you have a minority of them you can have higher quality of the company But to your point yes liquidity last year there was 1 billion with some share issuance And our view there is that it's possibly the preparing for M and a But in the near term do they need more liquidity to fix some of the challenges that they have The balance sheet in the balance sheet answer is no But who knows if the demand keeps it weakening what could happen next year I mean what's wrong Is it just like if we take out the pandemic I mean would what would be the peloton company today I mean what's the normal expectation for a company like this and a pandemic Where people were obsessed with it because they couldn't go they could work out elsewhere not everybody because it's an expensive pieces of equipment And what's wrong there is if we can say it along as a term there is when you look at peloton for the fitness vertical that they have or fitness platforms cardio they are doing really well and they'll be in the significant pull forwards and during the pandemic But to grow further than that we need a more than just casual unit strength meditation and things of that sort Now they do have classes for that but they don't have a hard work focus on that So that's why you see the demand has been working on the cards They don't have a good answer or a good alternative to build those members back Okay Apple There's a lot of controversy around this I don't know if I totally see it but take him on Bloomberg quick take earlier today and gave a pretty convincing argument about why this actually would be a good fit for Apple I mean what do you make of Apple potentially buying up the company They've got the cash to do and we know they want to go more into fitness It's really just depends on Apple strategy Because yes up on Amazon both have plenty of resources to get Palatine without the issues But it really depends if the strategy is to grow their fitness ecosystem outside of the app that they both have Including now the hardware which is a major major selling point for a lot of these customers then this is possible but I just am not sure if Apple wants to take into the hardware part of this particular system just yet I agree with that I agree with that assessment because if you think back to the beats acquisition I think it was 2014 about $3 billion It was a pretty big acquisition at the time for Apple They were buying a headphone company but they were really buying that underlying technology that was for the to build the music streaming service that turned into the Apple music streaming platform If you buy peloton in your Apple you're getting a manufacturing and production of bicycles And treadmills It feels kind of weird That doesn't feel very apple like Exactly Non best for making their own products Even though in the next acquisition we were lucky adjacent products to their main product But yes a bike or a treadmill is a little bit just a little bit far fetched But everything is possible they have the resources It really depends if they want to focus on fitness or not But also of course is a leader on what they do for the home fitness So we will see if they decide to take a push on that Hey I mean how much of the stock run up today is just a lot of short covering because right now about 12% of the float is shorted So how much of what we're seeing right now is maybe not necessarily enthusiasm over a deal but just the shorts running crazy No it's a good question I think it's a combination of both And of course as you mentioned in the earlier peloton shares have been down 80% in the peak So it's a combination of both.
"lululemon" Discussed on Bloomberg Radio New York
"So there's also you know new year's resolutions Lululemon another one that's on that on the list And it's not even they're bigger than just a little leisure where now right Right Rebecca their acquisition of mirror has changed with the company kind of looks like talk to us more about why the lemons on the list Yeah definitely Definitely and I think the idea of working out at home might have seemed like a niche thing before the pandemic You know not everyone has an in home gym But losing them in that position is mirror actually was quite well timed This is the at home gym where you can see your workout in the mirror Like peloton they've done really well with that Move them and also has in store events that they've been doing So really I guess the point is more than just yoga pants And that's reflected in the positive outlook I got to say I went for somebody to be like mastered Do you have anything else but yoga pants I mean I know it's more than sugar pants Yoga pants at the top That feels like work wear Hey first solar is also on that list It's been around for a while Why is this one all of a sudden popping up on the list Rebecca Yeah I think one of the things that might be surprising to people who don't follow the solar industry super closely is that it's no longer super expensive I had this reputation of being a space that was just never going to get mainstream but actually solar is the most cost competitive supply source for electric power now And first solar is the largest U.S. solar panel panel maker They're investing at home and abroad and they've just won a major order from the oil major BP and that light JVP which is a renewables company that usually has a share And so they're definitely one to watch Okay let's talk a little bit about the Asia Pacific region and C it's Southeast Asia's biggest gaming and ecommerce company I think people who I don't know might have been following some growth names in the last couple of years with no C because in 2020 it was up nearly 400% but it did not perform that well in 2021 only up 12% Why is it on the list for 2022 Yeah so the thing with these mobile gaming companies like fees that they've got their huge number of players she's got 700 million active.
"lululemon" Discussed on Bloomberg Radio New York
"So there's also you know new year's resolutions Lululemon another one that's on that on the list And it's not even they're bigger than just absolutely leisure wear now right Right Rebecca their acquisition of mere has changed with the company kind of looks like talk to us more about why the lemons on the list Yeah definitely Definitely and I think the idea of working out at home might have seemed like a niche thing before the pandemic You know not everyone has an in home gym But losing that in that position is mirror actually was quite well timed This is the at home gym where you can see your workout in the mirror Like peloton they've done really well with that Move them and also has in store events that they've been doing So really I guess the point is more than just yoga pants And that's reflected in the positive outlook I gotta say I'm waiting for somebody to be like masks or do you have anything else but yoga pants I mean I know it's more than show good pants Yoga pants at the top That feels like work wear Hey first solar is also on that list It's been around for a while Why is this one all of a sudden popping up on the list Rebecca I think one of the things that might be surprising to people who don't follow the solar industry super closely is that it's no longer super expensive It had this reputation of being a space that was just never going to get mainstream but actually solar is the most cost competitive supply source for electric power now And first solar is the largest U.S. solar panel panel maker They're investing at home and abroad and they've just won a major order from the oil major BP and light JVP which is a renewables company that usually has a share And so they're definitely one to watch Okay let's talk a little bit about the Asia Pacific region and C it's Southeast Asia's biggest gaming and ecommerce company I think people who I don't know might have been following some growth names in the last couple of years with no C because in 2020 it was up nearly 400% but it did not perform that well in 2021 only up 12% Why is it on the list for 2022 Yeah so the thing with these mobile gaming companies like sees that they've got their huge number of players she's got 700 million active players for three fire game And now it's branching into all sorts of new services including online grocery delivery and FinTech And so the Google intelligence analyzer saying look they've got 700 million active players of free fire that they can cross market their new services to So that's a huge bonus for them We haven't if we're going through regions We've had U.S. we hit Asia Let's bring it around to emea What's a company with positive sentiment in Europe that we like Rebecca Well it might be kind of surprising that the blue version Bloomberg intelligence analyst has picked a tour operator when so many things are still shut down These pick two E so they are your European tour operator that the I think is poised to benefit from a return to travel And you all remember Thomas cook's failure during the pandemic Investors are a little cautious on tui because they're just want to make sure that it's not going to follow in Thomas cook's footsteps But the tour operators thought restructuring going on is upgrading its technology And it's really changing the way it operates to focus on offering challenge flexibility and access to premium resorts So that's definitely one to look at as people start to emerge from lockdowns and go through the site All right Rebecca Robinhood Man we talked about it a lot last year What do we need to be thinking about with this one Because it made the list Yes So Robinhood is one that we've thought about a lot during the meme stock frenzies in early 2021 But now they're under the thumb of regulators including the potentially the Securities and Exchange Commission And there's a big lawsuit in Massachusetts that could help decide their fate and whether they have to impose stricter investor protection rules So if they lose that's going to be the big negative for Robinhood and if they win while let's see That was Rebecca panty's solutions and strategy senior.
October WSJ Article: 'San Francisco Has Become a Shoplifter’s Paradise'
"So a couple Jason Riley from Wall Street Journal last month October he wrote a piece out how San Francisco has become a shoplifter Paradise Thefts under $950 are effectively decriminalized Okay now you can get a lot of stuff under a 150 bucks I don't know if you've noticed lately TVs are way under $950 I'm not saying they're like the greatest TVs Or they have all the great features But you can a 100% get a big flat screen TV for well under $950 So now if you shoplift TV because you're part of looting or grab and go or fun and games where everyone call you get a TV and it's under 9 $50 you basically you won't get prosecuted They're gonna let you go Why Because they have now this ridiculous idea Prop 47 California bout initiative theft of less than $950 in goods is treated as a nonviolent misdemeanor and rarely prosecuted So stores don't want to get sued they tell people we don't even do it anymore But now when you've got marauding mobs of people going in and stealing things all at once because they're organizing on social media and they're going hey let's meet up at target at 7 o'clock and we'll all go in at the same time and just overwhelm them Four men on Wednesday in California and Santa Rosa fled with $20,000 of merchandise from Apple store In San Jose $40,000 of items were stolen from a Lululemon store That's right they're even stealing yoga pants now I thought yoga pants were so sacred that nobody would ever want to steal them I just know there's certain things in our society that we just don't touch Yoga pants being among those things But clearly not they went and grabbed those as well In Chicago they stole over what I mean how much was it in Chicago now Can I go $25,000 at a village shopping center It's happening all across the country And so now what's happening is employees are quitting as a turning around saying I don't want to deal with this Why would
"lululemon" Discussed on The Drill Down
"Trade for the nineteen ninety s. Yeah look i think a couple of things relates that definitely. I spent seven years. I called the former beers betrayed trade. We got there. We sold our company to get traded ninety nine and i stayed till six and jarrett lillian. Who was my boss and wound up. Being the ceo trade for a period of time we kind of created the brokerage side and help really put brokerage processes procedures into their and we brought the market maker trade way back in the day so i wanna hear all the conversations about payment for flow going away. I'm like just go buy a market maker. You're in that business build a market maker and you'll protect your spreads You know. I took a lot of that stuff that we learned in built at e. trade. That's how we we formed voyager. And that's how my co-founder is the basis for was what we saw in the past and bring to this market but when it comes to spreads they may tighten a little bit here as i said but the same thing as you got a global market here the equity markets are controlled in the us with the national best bid or offer and everything's one market. You can't trade apple stock on the london stock exchange trade the apple stock on a us. Exchange crypto is traded on global exchanges. So they'll never be a national best bid norfolk because it's a global offering and therefore spreads will always be there always be some sort of spreads available in in the marketplace because of that it's not one exchange and then there are so many changes as more of volatility. That's the bet. You're taken that that is exactly that and why we're so so bullish on our business and bullish on on where we're going with the business over the long term slaski finally. So you're you're doing this kind of up listing on the toronto stock exchange. You've clearly got you're you're talking me from new york city right now. You clearly got an eye on trading in the us. At some point in the future. I would imagine but why be public at all this point. You know it served us really well. We did a reverse takeover of a company in two thousand eighteen in got the approval the toronto venture exchanging in february two thousand nine hundred in my experience as an equities et investor and analyst when i see reverse merger canadian exchange that those companies smelled high heaven. I'm not saying that you wouldn't have you on the show. If i thought that you did but but usually there's a lot of junk in those. Those kind of deals on am interested in why you wanted to go that way. trust me. We had to fight through a lot of that but we had a lot of friends and family and some venture capitalists that invested in us. Because they saw the bigger picture they said that we always wanted to access the public markets. We felt the transparency of being a public company was good for crypto. Like we felt that we were going to be in this space. We wanted to be as transparent as possible to retail consumers and nothing is more transparent than ordered financials and having a public company oversight so we always said that. That was the route to go and play well for us. I mean we've increased our market cap quite a bit now. We're going to go to the toronto stock exchange but the and then claim based followed us clean based went public two so we felt it was the the best way to get people if we were going to challenge some of the big guys back in two thousand eighteen and nineteen open and transparent we were and being a public company was our way to show that to the world that we're open and transparent and why does the advantage you because i think when customers you don't know where your assets are when you on some of the non public exchanges right. You're putting money into a company. And saying i'm going to go by this crypto currency. You're hopeful that there was such a there. each quarter. our financials are reviewed by hoarders. And it's it's all in on an annual basis. So you know that's there and you know what we're saying is actually true. And that's playing very very well for us. So why not listen the. Us worthy accounting standards are even stricter and and the reporting requirements even stricter. We're working that we're on the otc markets now in the us so we have an obligation to follow the same reports that we've fallen county on the otc markets and we're working towards A nasdaq listing. We believe that's the next next uplift for us. After the toronto stock exchange is to get to nasdaq and be on the smart and final. Look back the the business that you have with your token as well that that you use as a reward system of without going too deep in the weeds that give me one minute version of that. I believe all rewards programs loyalty programs in the future will be done on the block chain. It's easy to manage. It's easy for consumers to see what they have a easy for them to us and we built our program around airlines hotels coffee shop rewards programs where we just do it on the blockchain and it's again we built an extremely loyal community about five hundred of our most loyal Community members have started their own room called the heroes. And that's just about building this loyalty to telegraph company. It is on on instagram. Bg heroines persson. Amazing super interesting. You guys are growing business really fast too. So it's interesting to see. We'll keep an eye on you guys as you as you go join. The toronto stock exchange interesting stuff from voyager digital e. o. stephen. Erlich see thanks very much. Appreciate it coming up next on the drill down the drill down by that one number that tells us a whole lot. I'm gonna to tell you how many customers these guys already have. It's a really big number and it's growing fast. We'll have that drill down by when the drill down continues. Drill down is brought to you by era was era. give yourself an information advantage. Connect directly earnings calls and other investor events with live transcription and intelligence. That's era ai. Dot com and we hope. We listened to drill down every single day. One of the ways you can listen to it on a listen notes on the new platform to add our podcast. Do listen to listen notes or any other platform. Click subscribe and follow us in download every episode not missile show and let us know what companies you think. We should be drilling down on talk to us on twitter nanogram by following at drill down pod and connect with us directly at our website biz. Pod dot net drilled by that number that tells us a whole lot voyager digital has. Here's the number two hundred seventy five thousand funded accounts at the end of march. Big number That was the end of their their fiscal year or their fiscal third quarter. I should say huge number and growing at six hundred percent over the previous quarter. So isaac these guys get an update on the number. We continuing our growth quite well. I'll just leave. Cleary diplomatic steve. Very coy the hope you are too. Or if you're standing that's fine to walking the dog over. You're listening to guess. But you have been listening to the drill down. And we appreciate them cory johnson isaac webster's our executive producer. Ben wilson is our editor extraordinaire. The dribble owns a production of business podcast.
"lululemon" Discussed on Squawk Pod
"The antisocial network. And it's out now. Great to see event will be next next. Unsquashed pod lululemon races to new highs as shoppers continue to spend on workout apparel comfy pants. Ceo calvin mcdonald. I've said all along. That brand really is early innings. And i think this is a quarter that just represent staff. Were excited to arrive early. On our five year growth. Fighting each while kevin o'leary here money court is all about dispute resolution businesses. Have problems and i'm here to resolve money court with kevin o'leary new series wednesdays ten eastern on cnbc. Tv by joe this is squawk pod one warring welcome back to squawk box here on cnbc. Joe colonel becky. Quick and andrew ross sorkin. Us equity futures are totally. But we have seen. i don't know they. We have talked becky in this week about october. And how we usually. October can be really scary. And the reason it's scary because september because the bottoms are made in october after the break in september and we thought maybe tuesday look the little over the last friday. A little like a little like the minute. We got out of august and people got back. It look like maybe with pudgy penguins. I don't know i used a lot of you. Know what are they board as the board penguins rocks Crypto all these things and you just wonder but as long as the fed is our best friend it makes. You wonder whether there could ever be another october or september but it looks like it was trying to start. I don't know. I don't know whether it really is trying to start a five percent pullback or not but what would we seek cited three straight days. Becky what did you say. Three days down down for the snp and the dow in fact the dow down six out of the last seven sessions. But you're still talking about the dow only being down. I think one point six eight percent from its all time high. And you've got the snp maybe a half a percent from an all time high. The nasdaq maybe three quarters of a percent from an all-time highs things don't go down until they do. That's the way it works. And and i don't know whether we should be back yet and would like september. I said i don't like september. Because i remember being to school. Kids are back in school over but it is a beautiful time of the year. The weather rain. Yeah right but clear and crisp and you can feel that the fault but you know what's coming you know what i mean. I'd i'd prefer spring but anyway actually i prefer winter because of the summer. Yeah exactly exactly because everything goes too fast as you know perhaps The stock of the morning thirteen percent gain lululemon shares soaring after the company beat analysts. Second quarter expectations gave better than expected third quarter and full year outlook peers. Lululemon wardrobe works for both at home employees and those returning to the office. Join us now. Calvin mcdonald ceo of lululemon results were above expectations. So i tried to figure out what was better than analysts. Were expecting. Plus i think the sales goals you set for a couple of years from now you. You've already hit. So i said okay. Was it online or back to stores so it was both so said. Was people going back to work or was people saying at home. It was both men or women men. It's doubling so it was like across. The board was anything. Just beyond the pale. Better-than-expected calvin or or it's just all cylinders. Firing morning joe. It really is all cylinders. Firing the power of three growth initiative that we laid out and we've been innovating towards for the past three years. I've said all along that the brand really is early innings. And i think this is a quarter that just represents that when you look across our product across gender categories when you look at our channels and our markets. I'm all are growing very healthy. So the balanced growth across every initiative that we are deploying interacting with our guests. I think just reinforcing. The fact that we're leadings that growth were excited to arrive early on our fighter growth planning and excited about You know the future. Is it workout clothes cabinet or are people wearing workout clothes going back to the office since it seems to be a little bit more casual or wearing comfortable clothes at home. All of the above again. I always hate pointing to all the above. But there are two things that we had great momentum and strengthen the business pre pandemic during the pandemic and we always said we were well positioned posted pandemic And a couple of factors coming out of the pandemic. Because i think what has been accelerated is the interest in being the interest in well-being in functional apparel and not is the sweet spot of the brand not a sweet spot of lululemon across all of our markets. I think it is all the above. People are definitely using gear for what is designed for which is performance as well they are free sheeting the functional where of the gear and how they can use that both at home office or when they are being performed at work andrew the to us we perform at work with the fear. Your best perform your best. Yeah we do we in these pants. Because we're we're we're free and easy. It makes us better. How about marginal. That's for sure. They are calvin okay. So raw material costs labor costs. You're raising what you pay your employees to fifteen to seventeen at least an hour. Is that something to be concerned with in terms of just margin compression in the future earnings. Or no you can overcome that with just better sales. I know we were excited to be able to accelerate our plans to raise their minimum wage to fifteen to seventeen dollars in addition to that are storm -ployees as well as those that are g have an opportunity to earn up to six dollars in our bonus up so we didn't cut died in order to fund the minimum wage. So it really is a wonderful opportunity. We're looking to hire eight thousand. A new employs heading into the holiday. So it is. Proactive moved to maintain the momentum in our stores. An invest in our teams people And there are a lot of initiatives happening around the innovation in a raw materials working with their manufacturing partners so the guidance gave factors in the impact of air freight right now which is impacting margin. our positioning on our minimum wage. But also just the overall success of the brand where we don't use discount or price as a lever we truly lean in on innovation of the products are marked down. Penetrations are low. They are traditionally at a lower level or product isn't very fashion driven. It is fashionable but a lot of core sales product that allows us to leaning on inventory which plays to a lot of the advantages that allow us to get a mix across the business with the good margin. Why no supply chain issues with everybody else in the world has got some problems in.
"lululemon" Discussed on KOMO
"Lululemon has just reported fiscal second quarter results that crushed expectations particularly well adjusted per share earnings of a dollar 65 analysts medium s most just a dollar 19. The athletic apparel maker's revenue jumped 61% to $1.45 billion. Company also issued have bright outlook for the second half, sending shares soaring 12.5% in after hours trading stocks lost ground in the days regular Wednesday session, the S and P 500 slipped six points. The Dow industrials fell 69 the NASDAQ composite, which had earned new closing highs, The prior four sessions gave back 87. That's your money now. The number of American adults who have gotten at least one covid vaccine shot is up to 75%. The CDC updated its vaccination rates on Tuesday, adding that just over 64% of adults are now fully vaccinated against the virus. And the American Academy of Pediatrics is now reporting that Children now make up more than a quarter of new weekly covid 19 cases in the United States. Kids currently represent over 26% of weekly cases nationwide, Dr Anthony Fauci says. To protect Children you want to surround the Children with people who are vaccinated. Mexico's Supreme Court is ruling that criminalizing abortion is unconstitutional. This week's ruling sets a precedent that could lead to the legalization of the procedure in a conservative Catholic country of around 130 million people. The unanimous ruling by the highest court follows years of effort by a growing women's movement in Mexico that's demanded greater rights and protections. The decision comes in Texas, A border state with Mexico just had one of the most stringent abortion laws in the US go into place. Health Update. I'm Liz Warner, NBC NEWS radio. The US is heading into the fall with four times more patients fighting covid in hospitals than a year ago over 100,000. And as the health systems deal with this influx of patients, they're also short staffed. Police. A picket is chief medical officer. Duke University Hospital in Durham, North Carolina, is a nursing shortage across the country. It's not unique to Duke, our health system. Um, and certainly they're they're defined number of staffed beds. When we get to that number Um, you know, it's very hard to provide really high level support to more patients. Okay? Cuomo traffic.
"lululemon" Discussed on Stuff To Blow Your Mind
"I imagine. There's a good chance they're looking to get back outside. Maybe do a little more exercise. Or maybe they're old exercise. Attire has has run its course well. Lululemon has a lot of fabulous exercise a tire to slip into stuff. That feels good and looks good is well. I'm thinking especially stuff from their their casual line like the abc jogger warp stream or the short I mean really. I got to try and some of the stuff Recently and yeah it feels good and it is functional for the exercise that you want to engage in so you can shop father stay gifts at lululemon dot com again that's lululemon dot com.
"lululemon" Discussed on Snacks Daily
"This jack and this is snacks daily. It is monday. Welcome back monday. May june seven. It's june seven juckes. Nick i should remind you this coming. Sunday is father's it is human imperfections by the way and that includes podfather. Are you saying. I think you're not yet not yet. No no no time in a place for everything and the me time. This is the best next ailing we've ever done. Honestly this is the best yet or our first story. Lululemon reported earnings on thursday but investors didn't care about the stretchy pants. No it was all about lou. Lemons mirrors capitaland capitalism. That's key look in the mirror. Proper now trademark pat second-story. What are we got. United airlines is making supersonic travel thing. They're launching speed of sound flights because in business. If you're on time you're late you want to go one point seven times. The speed of sound for our third and final story joker thinks amazon is a joke so instead of two day delivery. They're doing fifteen minutes. New industry jackknifed noticed. and we're calling it super deliver. What's knackers before he hit those three fantastic start today jack. I love this last week. We saw a sports rec. Jackie got your babe ruth. rookie card. Didn't suffer one million didn't sell for two million sold for six million dollars. The colossus of clout is worth more than lebron your than mickey mantle more than honus wagner combined knockabout not now the nineteen year old great bambino a baseball mr babe ruth would have spat out an nf t like chewing tobacco. This was a real paper card. It would've put a hotdog instead now. It got us thinking we all talk about. Sports collectors item. We do we do it. Ought about business memorabilia talking all weekend. What a physical piece of financial news history. Go for these days. We thought we're onto something. We spent the weekend jumping snack style with one goal. It was a disproportionate amount of time. Find the most cool most random most satisfying business collector's item on the planet on ebay. Okay this one was really excited. Please whip this up for us. Check there is on ebay. A first generation ipod yes from apple and opened in the case. That's going to say back if you want on open. Twenty one thousand nine hundred and ninety five dollars. It's so expensive. Because it doesn't have the wheel it doesn't have a touchscreen it has four physical up down left right but all right. Let's say you're not a tech guy. Maybe you're interested in nike founder phil nights executive leather briefcase from one thousand nine hundred eighty two. How much is that. Going to cost you ten greg. This thing is gorgeous. Although we looked at the fine print it's also rare ended on used. Then we clicked on the zakim tab of ebay and we found an original printed facebook prospectus. Which is the s one that was used for their ipo. Back in two thousand one of these gem pieces of paper. That's nine years old from facebook. It's gonna cost you five hundred dollars. Nicotine got shot out for the. Ceo's listening if you've got something rare something sentimental some business thing. Santa marwick ceo's empty. Your oakwood desks jack. Let's three stories. Your daily spoke. We gotta get something out of the way snacks about the food said candy. They don't reflect the views of her family. stolen lift. recommending any securities is not a research report on vice natta offer or sale of of security. I digested business financial. Llc member favors less pc four. Our first story lululemon sales almost doubled last year. But nobody is focused on lululemon lulu. This year is lose bearers. Okay jack this is straight up jumping in snack style. I'm walking down. Union street in san francisco. Lovely street and let me tell you. There is only one store that has both a line and a bouncer for that line. That actually it's lululemon. I guess we kinda gave it a win because you did give it away but in this day and age. You don't have a live without a bouncer because if there's no bouncer people just what's the point line this is like carbone trying to get the reservation. Twenty seventeen but lulu based on anecdote from nick. It's like an apple store or trader. Joe's people are trying to get in there. I think we covered every array of target audience. There now lululemon stocks knackers. It's actually down this year. Even though you're nine to five and leggings have award cotton in like two years now. You haven't synthetic that's why sales last quarter one point two billion dollars from february to april up fifty seven percent from the pre pandemic quarter equivalent. I made jack. Can we sprinkle a little context onto my biker shorts. Yes how does that. It's a smidge faster. Sales growth and gaps at. Leda athlete. Brand okay so you're wearing more likely out there and more of that. Synthetic three and fiber happens to also be funny thing beyond the top line numbers we have to tell you about. This was hilarious. The executive team mentioned the word lululemon twenty five times in their call with analysts. After the report was released. Jack and i were curious. We control after a little bit further. Notice this they mention the word mirror forty times in fact the analysts on this conference call asked about mir not only in the first question but in the second question the third question end the fourth question on a lululemon earnings call. Wall street is focused on how mirrors during because the acquisition by lululemon was one year ago for five hundred million dollars to acquire this fitness tech company mir. it is like the peleton of floor workouts. It's the mirror but it's more than he looks like a west l. mirror. It does but it's just leaning against the wall and it's gorgeous as furniture until you want to use it as fitness equipment and then it changes from a mirror to talking screen about two thousand dollars. It's basically like the restoration hardware of sweat but yells at you to do more reps. It's a me restoration hardware. So you're wondering how the integration is going mirror mirrors ninety lululemon stores right now. But they're planning to get that up to two hundred stores by the end of the year and they're going to have guides in each of the stores to show you how to use the mirrors basically ripped used car salesman kind of a situation a salesman with fantastic quads fantastic. That's why you're going to buy this thing now. They're also building out studios. Interestingly jack they're going to need some content to put into these mere workout videos just like palestine has studios with any to film fitness. Instructors sodas mirror and jack apparently neither unite. Even though we love our mothers have been nice enough to our mothers lately because mother's day crushed it for mere sales this year. Lululemon is on pace to sell two hundred. Seventy five million worth of mirrors kicked off by an awesome mother's day sent. This is an aggressive mother's day after we think the next step for lululemon is the ultimate direct to consumer champ. I love the way you put a check cut out the middleman lululemon and instead of buying clothes from your computer by your shorts from the mirror itself cut out the laptop and let lululemon exercisers by the staff sweat to face so jack. What's the takeaway for our buddies over. Lululemon lulu may have found the rare growth gauge. -ment deal snacks. When it comes to acquisitions there are a whole bunch of strategies out there. Maybe you're doing it to gain. Ip maybe learn something diversify squash future competitor facebook but for most it falls into two buckets here trying to grow the number of customers or engage your existing customers even more. Interestingly data shows that mirror owners tend not to have lululemon gear and lululemon gear wears tend not own expensive mirrors. So there's no overlap into customer. Now there isn't so lululemon existing. Shoppers may end up buying beer and become more engaged with the lululemon brandt and mirror owners. Who don't have any lululemon may finally get introduced the lululemon mid workout on their mirrors and their new customer so this could be both an engagement of the current base of lululemon customers and growing to the mirror. Customer base by next year liu lennon will probably have made more money from acquiring mirror in the actually spent on acquiring mir in two years. It looks like the sales will completely pay back the acquisition price because they found the rare growth gauge -ment acquisition for our second story. Are you doing it. Are you doing patients patients by fred. I thought this was the father moment. I'm not gonna lie really thought this was second story. After decades united airlines is looking to bring that commercial.
"lululemon" Discussed on The Blog of Author Tim Ferriss
"Macaire did all the spy novels and isn't probably isn't relevant to anyone young nowadays but i love the british statement and his ability to tell a story and not. Tell me anything. But it's all those small little innuendos and the way the british talk. It's the very opposite from the american marketing machine. If i can. I like the i like the way he makes me. Think and how it uses words. I have english as a third language. So you know in with no i two. So i'm a that's how i feel like a kurt. Vonnegut said paraphrasing here. Buddy said you know. When i write i feel like an armless legless man with a crayon and his mouth. That's how i feel most days and longer as you want me to. But i think one of the most fun ones i listen to lately was the magic strings of frankie presto not familiar with it. He brings in musicians from all over the world actually give him approval to talk about the minimum them for him to rate the story. But by audio is great and on a potato factory middlesex. I could go on and on goes on and on. There is really just such a cornucopia of brain food available. I'm finishing up the over story right now which won a pulitzer and authored by richard powers. Which is it's about trees and each vignette kind of ties together person in line with a particular tree or particular old growth forest and It's it's beautifully written very dark at points. Which has been challenging but the pros and the storytelling is just so compelling that it's pulling me through so that's another another fantastic book and i'll plug it again. The story of lululemon updated to twenty one can be found for free at chip. Wilson dot com forward slash book. So that's a good starting place as any and ship. This has been so much fun. I really enjoyed our conversation. And i appreciate you making the time so thank you. Well thanks for you. Bring to the world and i know it. Probably some point comes from a selfish point of view. Because you're you get to do all these great things but Isn't nice when you can combine the two says it has. Oh yeah this is the best job in the world. I get to have these conversations for a so-called job. So until until the yankee out of here or figure out that i'm an imposter i'll keep doing sue. Thank you again ship and to everybody listening. We will have everything we discussed in the show notes links. To everything at teamed up log forward slash podcast. And until next time do it do it fucking right now get after it folks. They guys this. Is tim again. Just a few more things before you take off number one. This is five.
"lululemon" Discussed on The Blog of Author Tim Ferriss
"Here. you're invited. where's tim. I don't know i saw go down to the wine cellar. I have a my favorite breakfast places. A place called nelson siegel and they roast their own beans and they make their own bread and when you put that combination. Those two smells together. It's phenomenal. i know. I'm not supposed to eat any bread but the smell of that breads great. And you know it's one of these places that it's an one hundred year old building with a big high ceilings. And if put about five dollars into tenant improvements so mean going gonna get gone to every alley sale. They couldn buds chairs and tables. Nothing mix but the quality of the product is second to none. It's such a stunning part of the world. And there's such cultural richness. There is such a bounty of natural beauty and excellent crabs among many many others things. I wanted to make sure that we mention something before closing in that is that you've updated your book. This is the twenty twenty one edition now of the story of lululemon and my understanding is. You're making it available to download is e paper for free on your website is that is that accurate. And the the url. As i have it here for folks is chip. Wilson dot com forward slash book. So i wanna make sure that That we make note of that chip. Is there anything else you would like to say. He ask requested the audience. Closing comments complaints to the editor that you'd like to file with me or otherwise before we wrap up. Oh yeah yeah it may be goes back to what we're saying but i'd i'd like to make the request that people refrain what the word news means and i think as i was saying that people have news claps with sensationalism negative news and peter. Demand is says you know our mindset is set by the people we hang out with in the media we consume. This is not just a plug for you. But i just can't say enough about walking with audio and listening to podcasts and biographies books fiction. It doesn't matter. The combination of these two things is so powerful keeping in great shape and learning at the same time. Fantastic so anyway. Refrain the term news here here. I am on as much of a low information diet as possible these days. It's a lot of garbage calories out there. You gotta be careful. You any favourite audiobooks or audiobooks. You've really enjoyed that. That come to mind could be biographies. Could be any category. Oh yeah yeah. I actually Of course she had Dan harrison ten happy. I laughed all the way through without learning about meditation. And i know you had guy roz on. I listen to every one of them. It doesn't matter how many businesses i listen to. They're all different in their all fascinating and thanks for for. I like that little exchange of a podcast because it was good for people starting out. The e myth was william on being able to put myself five years in the future train and develop people to take care of the business. So i could lead it like kabir highly recommended another one guns germs and steel. I loved old. Pulitzer prize winning book. About how the world developed and another one. that's kind of an updated went on that is disunited nations. I really liked. I'm united nations united nations. I think my favorite author of all time is john..
"lululemon" Discussed on The Blog of Author Tim Ferriss
"Because i've watched clothing all my life. I could tell they had sensor. Not or i'm gonna use the word style. I don't really like the word fashion but more like a style. And so when i kind of put the family in the style together i went. This is going to be a personnel. Like working for me. And because i didn't want anybody who understood the wholesale clothing business that really was open to hiring anybody because there was nobody that knew the vertical business so it was like i got to take good people train them in a new way of doing business. And that's what worked see you didn't you didn't want to hire anyone with could've legacy calcified thinking around how this business should or could be built correct. How did those hires. Turn out overall. Did they tend to work out. Well i mean were they for sales positions where they for other positions. How did that experiment go. The first person hired was deanne sweitzer. She was a single mother living in the alley behind me with two kids so hired her to run our first store and then she ended up being the head of product for lululemon. So wrote powell ended up being the number three or four person inside. The company hired delaney to run the store after her sister left and then delaney ended up being the number two person at lululemon under the ceo. Who am. I personally have always pushed for delaney to be. Coo blue lemon. But i think the board of directors couldn't see anyone but kind of an ivy league type person kind of moving in there. And i don't think they could have been more wrong and i think that's been proved out. And then paulie the third person. Is eric peterson who was running marketing for electronic arts. Here in vancouver. I knew that. I had the olympics. Coming and i wanted to guerrilla marketing. I wanted 'cause i did have any money to sponsor. So we We grilled the hell out of it and he was a he understood longterm word of mouth community marketing and just again giving all three of these people really understood giving without expectation of return looking for a quality product in the long run. Just have people talk about us. I think that's worked out rather well time. Let me ask just a few more questions and this one sometimes is extremely difficult in unfruitful. But i'll try it anyway. Sometimes it works out so we can. We can always fix it in post of it back. If you could put a message could be quote. A word question an image anything on metaphorically speaking a huge billboard to get a message or anything out to billions of people. Let's just imagine they all understand english. What might you put on that billboard coming from my most gifted book which would be catch twenty two which i peeled surprise winner from the nineteen sixties but a bunch of pilots who flying over northern italy and with an egotistical kernel that kept making them do more bombing missions still a time when they realize that either they were going to die next week or next month or two months from now like every minute was critical to the next story of my dad in always searching for the meaning of life and never finding it and if he did find it then he'd be disappointed because he had none no purpose in life other than looking for it. When i was sixty years old. I went to my dad and i went dad. You know if he had to give your sixty year old self any advice what would it be any went away for a day and he had the whole family around the table the next day and he saw thought about it. And here's the advice. I'd give my sixty year old self. Do it. Now do it right fucking now..
"lululemon" Discussed on The Blog of Author Tim Ferriss
"Just too messy end up with so much product and you have no. What are you getting out there as his who. You are those people. My fear is is for companies lululemon. That's trying to be everything to everybody is that will they end up going the way of the gap and becoming another common company. And then you know. Because i think we can become everything to everybody and you're gonna make a lot of prophets for five years. 'cause all those people who weren't your customers before now start flooding in but what eventually happens is the the key drivers of the key consumers the mavens in the connectors who really move brand forward start. Stop buying the brand. But the board of directors and a c. Oh who's got three year options is going to go for the short term profitability. So there's almost no stopping it unless unless you have an owner operator type. Ceo yeah it's suppose whether we like it or not. Humans are driven by incentives. Right ever. it's like if you want someone who's incentivized to outperform for three months over a few successions because they're option plan versus an owner operator. Who's in it for a hundred years. You're just gonna get very different behaviors. I could see one more thing about this really. This just came to me like a couple of weeks ago but if you have an owner that's out there making decisions for one hundred years and you have a private equity firm inside whose goal is to get in and out in seven years. That's fundamentally a problem inside of the company because the p. firm wants short-term profits. They wanna pump everything up and get out in. The owner is trying to like. Put the money where it'll be good for twenty years from now. Yes really fascinating. Yes study of humans also the study of conflict. Alas i want to ask navy not directly about conflict. But i want to come back to free speech social media things like that but i want to ask about. Some really micro details is might be getting into the weeds. But i'm very very interested. Because i believe that you consider store design a crucial endeavor area of focus. I could be mistaken. But what are some strategies or approaches that you used for increasing retail sales so the number of products in the store changing rooms mirrors color of walls. What were some of the elements that you experimented with a fundamentally..
"lululemon" Discussed on The Blog of Author Tim Ferriss
"You. May you may have tight. Were in turn. I'd we've had. We've had some communication but that is certainly a book that comes up as recommended quite a lot on the podcast. A really like blackbox thinking mazing story there of the planes that were coming back and landing in world war two and that have a bunch of holes in the bottom and they looked at the patterns and go yell will cover up. All the bullet holes are where those are the ones that were making it back. It's where the bullet holes word is where you need To put their extra protection. And it's really a way of looking at businesses which i don't think 'specially boards of directors and people who aren't really in the business not really understand the business are looking for the holes in planes that are landing. Were probably the entrepreneur founder. Someone is looking in. The forecast can actually see what's occurring. That doesn't look normal. Were these books. These recommendations landmark were they required or just available and recommended. No the five bucks. The five landmark in the four courses were required. In other words. We set up our training and development program to talk about these almost while quarterly. But because we had goal setting set into place in the goal setting. Like i said creating your goals from the future and failing fifty percent of the time we would have those done monthly and really we would bring a lot of the learnings from the other books into the practice of goal setting. How did you have this conversations. Was it broken down by location. Was it virtual our those conversations taking place. What we learned from the brian tracy is to set your goals and then to post them. So if you went into a lululemon store every store had maybe fifteen of forty eight set up in the back room. And so everyone could look at everyone else's goals and the idea is to put it out there in the public in other words the landmark course really got rid of people's fears about what people think of them are what they call in the linguistic attractions looking good so mostly people go around in the world looking. Good trying to pretend there's something that they're not so by putting up the goals then and recognizing that we're all human beings and we all have different things that we want to do and there's no right or wrong our goals and also i a real underlying part of it was that we actually encouraged people to quit lululemon like we wanted them to have goals that were superior are that moved on to their somewhere in their future that we were training and developing these people and they were gonna go on and do what they really want to do in life and my theory. Was we train people to be great. And they left lululemon and went and did something else. They would talk so well about lululemon the future that that was the best branding and marketing. We could possibly do for those goals. Were posted publicly. Lee visited in some systematic way or reviewed in such a way. That people felt somewhat accountable. Yes so.
"lululemon" Discussed on The Blog of Author Tim Ferriss
"Tim was going to jump next to this transformational curriculum which we will get to. But i wanna add a little connective tissue so you have west beach. That's nine hundred seventy nine row getting right. Why didn't you continue with that indefinitely. I guess i'm wondering if you could just share with me and with listeners. What transpired once that found its groove. And what led you to lululemon. This probably isn't a secret. Anybody that's watched businesses rise.
Why good ideas get trapped in the valley of death -- and how to rescue them | TED-Ed - TEST
"It's ted talks daily. I'm elise hugh. Birthday is thursday april twenty seconds so we thought it would be a great time to share another lesson from our friends at ted. Ed this is part of a video series designed to cut through the complexity around climate change and explain the science in a clear way. It's all inspired by bill. Gates's new book how to avoid a climate disaster. This lesson is about how a lot of the smartest solutions to reduce. Carbon pollution actually already exist and how they're getting stuck in the valley death. How can we get them out of this trap. You can watch all seven lessons for free at ed dot ted dot com slash plan for zero. That's plan f. o. R. zero wants a gourd. Ted talks daily is brought to you by lulu lemon. I am a longtime runner and my attitude about workout clothing is i don't want to have to think about it at all. And that's why. I run in lululemon these days. I work out a lot alone. But i prefer doing it with friends. I have such great memories of really bonding with whoever. I'm running with my friends. They trust lululemon to my running buddy rob whereas the men's lululemon running shirt that comes in short sleeve or long and he says it's so light so dry so breathable. You'll never run in another shirt again. You can get your own shop. The fast and free shirt at lululemon dot com support for ted talks daily comes from odu odors suite of business. Apps has everything you need to run a company. Think of your smartphone with all your apps right at your fingertips odu is just like that for business but instead of an app to order takeout or tell you the weather you have sales inventory accounting and more union the department we've got it covered and they're all connected joined the six million users who stopped wasting time and started getting stuff done go to odu dot com slash ted to start a free trial that's od odio dot com slash ted. They've passed every test cleared every huddled jumped through every hoop now. All that remains is to unleash them on the wait. What's yes there's one more challenge. They must now cross the valley of death. All new products must pass through here before they reach the market. Many never make it out and sometimes that's okay if they don't work don't feel a need all for any number of other reasons but inventions. That could help address massive global issues. Also face this risk that's because technology's potential isn't the only factor that determines whether it will succeed. The valley of death is especially risky for innovations involving complex physical objects as opposed to software and for those in highly regulated industries like medicine building materials and transportation regulations and other obstacles aren't inherently bad. They're often designed to keep people safe but they do tend to scare off investors and that's what traps good ideas in the valley of gaffe that funding dries up before they can become profitable one of the fields where this problem is most pressing. Today is zero carbon technologies that is central to our future because they will help us eliminate greenhouse gas emissions and stabilize our climate but they also have features that make them particularly vulnerable in the valley of death. Let's look why that is and how we can change it. All new technologies must go through a development fans before they can become profitable for zero carbon technologies. The costs of this phase are high. The time lines are long and in spite of the good they can do. Demand is often low because they can require big changes in both infrastructure and consumer behavior for example electric heat pumps don't burn fossil fuels and when you factor in savings on energy use off cost competitive with gas furnaces but only change that heating and cooling systems every few decades direct air capture technologies meanwhile remove co two directly from the atmosphere. We need these technologies to reach our emission goals and several of them have already been proven to work but they're at risk of getting trapped in the valley of death because they're expensive. This creates a vicious cycle because the best way to know a costs is by well practicing making more of a product and refining it but high initial costs scare off investors and without their money companies can't continue to develop that technologies and can't ultimately decrease cost. Fortunately there's a way to break this cycle. Governments can help the gap when private investors won't fund technologies with such a high potential for social benefit. This isn't just theoretical. In the one thousand nine hundred ninety s functioning solar panels existed but one widely adopted because of that cost to change this. Germany offered government loans to companies creating soda piles and legally obligated utility companies to buy electricity produced using renewable energy the us and china followed suit by financing major solar panel projects. The cost of solar has dropped almost ninety percent since two thousand nine making it much easier to adopt a similar thing happened for wind energy. During the oil crisis of the nineteen seventies denmark invested in wind power and started taxing winds fossil fuel based competitors other countries took similar steps and as more wind power was generated worldwide. The costs of this technology dropped dramatically. These success stories tell us that government initiatives walk initiatives like boosting spending on research and development offering tax and loan incentives to stops that want to develop zero carbon technologies and consumers who want to buy them and putting a price on carbon emissions. We need governments to do what they did. For solar and wind for many more innovations at the end of the day ideas and inventions alone can't solve our most daunting problems. Policies and markets have to be shaped so the most promising
Dick's Sporting Goods launches its own men's athleisure line, rivaling Lululemon
"Dick's. Sporting goods is launching. Its own line of men's athletic apparel and are aimed at competing with lululemon. This is available online starting today and they're starting at four hundred locations at dick's sporting goods across the country so by seller hold their new line of athletic apparel for men. I'm going to hold because there's there's a mix of positives and negatives that i see here first of all you didn't you didn't announce the name of the brand vs tr is that close. I it's v r. s. t. I had the letters all caps so go ahead and pronounce that the way that we'll be pronouncing that when it's a truly monumental thing they have paid people to brand this this. This wasn't arrived at with seconds however not versed okay. You're the expert. Sure why not are you saying that. In all caps by the way because it's a little different than if it were all lower case i don't i don't wanna yell i this is. This is a thing that looked. Dick's probably would prefer in in the world of branding To to not have its own name at times And to have some other name. But i can see wanting to brand away from the you know the the parent company name. They've got other brands Calia i think is the women's at leisure brand which is Done with carrie underwood and has been very successful. And i've been in Dick sporting goods and seen it and didn't realize it was an house thing So i i think that Given the success that they've had under current management. I'm a fan of what they're trying But i don't think that know. The men's division is going to be probably as successful in the athletes. Your world for them as as the women seems to have been But
Every Product Should Have Hidden Messages For The Fans
"Okay so look got a confession to make. I have become a looming guy. Ever since i started all this walking in the park a few months back. I reached out my might brian for some tips on the right gear. Because i was having a horrible time with these cotton shirts and everything else that i was wearing. And he put me onto lululemon. Now it's expensive gear. But i've got to tell you after what four or five months or so. Now i guess i am a fan of one particular thing that i've noticed that i really like about what they do. As part of their branding is they have these little hidden messages in the gear on the garments. Like this one here better. What does it better every day on the inside on the bottom inside of the shirt and some of them have got on the sleeve of the shirt. The point is that they're all on the inside. It's not this overt. Branding that say nike or added as might have it's quite subtle and it's on the inside so the only person that's ever gonna see that. Is you the person wearing it. And it's not even set up so that it's they way you read it every time you put it on but once you notice it you know it's they and so it's effectively doing the part of letting you know that there's a bit of a motivational message there but it also let you know that your in on the secret. There's an inside secret just for fans just for love is just for people who own the brand. They get to know the message. Those on the outside. You're not a part of the club. And what i think is great about that. Is that this probably not a product around the couldn't implement a similar kind of strategy doesn't a what your product is. You could have a hidden message somewhere. Might be on the underneath of the product that might be on the inside of the packaging. It could be anywhere on the product which is not overtly noticeable to just passing. It will just the positive consumer but if you regularly use the brand like skin. Skincare brand on the inside of the the top of your skin care. You could have that. He'd message so no one's going to see it and they bought the brand and become a fan so aric and that is a fantastic strategy to implement think about what products you could take and put a hidden message inside just for the fans
Sweats Are Beating the Pants Off Office Wear
"More than six months ago producer. Gwen moran wrote this story about the new fashioned way that swept the country early in the pandemic admit it you succumbed as well to the sweatpants craze what we didn't know back in may's how long lasting that trend would be although as you'll hear some sartorial pundits predicted. Then that sweats were here to stay now. Whether that's a good or bad thing we'll leave that up to you. Take a listen back to this story about the rivalry between champion and lululemon. The late great fashion designer. Karl lagerfeld once sneered sweatpants. Or a sign of defeat with apologies to mr lagerfeld. He never had to do as seven. Am zoom meeting as stay at home. Orders have stretched well beyond their original end dates. Our work lives are increasingly blending with her home lives nowhere. Is that shift. More apparent than in our pero dressing down has become the norm as a result sales of apparel and accessories dropped nearly eighty percent between march and april but there is one bright spot on the otherwise dismal retail horizon. Sales of active wear or at leisure are soaring in particular sweat pants or having a moment in april g kua. We are living in the age of sweat pants and never going back. Even the devil is traded product. For more downscale duds folks editor-in-chief in style icon. Anna wintour posted an instagram shot of herself working at home in tracksuit bottoms this despite once swearing she would never wear them. Just how much growth are we talking about well. Data from tracking firm edited found that sales of sweat pants are up a whopping thirty six percent over the same period. Last year it makes sense. A recent harris poll found that more than half of employed. Americans are working from home. At the same time videoconferencing has skyrocketed as meetings and interviews have gone remote. You may need to be picture. Perfect from the shoulders up but down below. All bets are off sweats. Yoga pants were tracked bottoms. Call them what you will. They're stretchy comfortable and exceedingly forgiving of those late night. Pandemic sour dough bread and butter benches wall street is betting on the trend at least for now analysts susan anderson from be riley. Fdr told fortune that what selling is casual active in lounge wear last week. Shares of lululemon athletic inc rose more than ninety percent hitting a record high. The brand is credited with kicking off the athol leisure segment and simeon seal from b. m. o. capital markets call lululemon an at home kobe winner while the luxury leading may be the it brand of the moment. Lou may have some competition from classic competitor. Hanes brands champion during a call with analysts early. May hanes brand. Ceo gerald evans said the champion dot com sales had tripled. He said volumes. Were at black friday or cyber monday levels. Champion success lies. In the brand's cool factor. Being on the upswing recently and company has been smart about partnerships to in march hanes. Brands unveiled an exclusive multi year agreement with amazon to carry its popular c nine champion line which had previously been sold at target in april. The company announced a new partnership with sesame street for the un's but for those who don't care about cool or if you stop carrying when you stopped going outside champion has a significant leg up in another arena and that's price while some lululemon bottoms will set you back more than one hundred. Twenty five bucks. You can score a pair of champions for less than a third of that price. If sweatpants newfound social status is making you think about tossing all your old suits and ties. You might just want to wait a bit. It seems a backlash has already begun the los angeles times. Deputy fashion editor admonished readers. Dress like the adults are getting paid to be and recent articles like thirteen stylish ways to dress up sweat pants on business insider indicate that even the work from home crowd may wanna feel a bit more put together as leisure brands battle to get people in their pants. Some questions remain record. High unemployment will continue to affect consumer spending and more companies announced. That remote work is here to stay casual everyday. May also be here to stay with no nosy co workers around judge fashion choices workers to fault more minimalist wardrobes after all as long as they pass the sniff test how many pairs of stretchy pants does anyone really need. The answers will come as more businesses open and people go back to work. We'll traditional dress code stand or will homebody style find its way into the office while athletes. Your manufacturers are pulling up. They're not so big kid pants and making the most of the moment. Employees may be hedging their bets over memorial day weekend data from edited showed shape wear one of the top five apparel categories. Selling out so maybe all that sour dough bread can't be ignored after all
Political Ad Campaign from The Gap Strikes Sour Note with Twitter Users
"These days. It's become almost mandatory to declare your company a purpose driven brand but owen said it would be easy. Take the gap for example last wednesday the day after election day. Remember that oh what feels like about a year ago. The gap came forward with a message of unity to this divided. Country on social media posted an image of its classic hoodie. But this one was navy on one side. Red on the other click. The image in zipper brought the two sides together. The accompanying message. The one thing we know is that together. We can move forward sitting berkeley alongside the text. We're two hearts one red one blue this while the united state of anxiety was just beginning to hold its breath waiting for ballot counts in court battles. The gaps message felt so flat that you might say no one voted for it. With the exception of a hapless brand manager who suggested it and the yes people in the boardroom who had thought it was a good idea as add weeks. catherine lunchroom wrote the hoodie. Mashup was greeted with almost exclusive derision. Many on social media criticized the gap for being tone death at such a tense moment. Lindstrom noted the common sentiment across to the new york times. The gap utterly failed to read the room within an hour. The gap deleted. It's post a brand representative assured the new york times that the sweatshirt existed as an image only they had no intention of selling it in a statement sent to several publications. The gap said their intention was to show the power of unity. They admitted their timing was too early but said they had faith the country would in fact come together in the future but just in case you think gap is alone in making this sort of fashion. Faux pas consider rival lululemon the luxury ath- leisurewear company is known for the one hundred dollar plus prices of its leggings with more and more professionals working from home and scarfing up comfortable fashion. Lululemon sales have soared but so to have consumers calls for brands to stand for something and lululemon tried in september. The brand went viral worldwide. For its case. Study of hypocrisy and marketing. The company highlighted the instagram accounts of five of its brand ambassadors one charlotte north carolina. Yoga teacher ready. Kern was promoting a workshop calling on people to resist capitalism the ouch factor of a multibillion dollar luxury brand telling consumers to resist capitalism. Well it drew attention from press all over the globe from the bbc. The new york post ultimately lululemon deleted that post it also distance itself from its own brand ambassador drawing criticism from kerns followers according to the charlotte observer in october struggling gap revealed that its latest strategy is to pump its own small but successful athletes. Your brand athletic taking direct aim at rival lululemon. At least they'll be evenly matched when it comes to brand messaging but the lesson from both companies missteps is for marketers everywhere. Those who choose to publicly support mission must be authentic about it and support it through and through a million ways to get mission driven marketing wrong and only Narrow pats to do right
Lululemon to buy in-home fitness company Mirror for $500 million
"Yahoo Notes. The chairs of Lululemon rose in early trading after announcing it would acquire home fitness startup Mirror for 500 million, putting it in competition with indoor cycling company Alison
Lululemon apologizes, fires art director for 'Bat Fried Rice' shirt
"Issued an apology Tuesday instead of fired an executive who recently took to Instagram to promote a bat fried rice T. shirt design during the corona virus outbreak according to the New York Post and overflowing the fitness apparel company senior global art director reportedly shared a design that showed a white shirt with a drawing in red ink and a Chinese take out box a pair of bat wings and chopsticks the words no thank you was right on the box and down the sleeves of the shirt was being sold by California artist just looter under the title bout fried rice for sixty dollars that's according to the New York Post as looters since deleted poster showed off the tee under the heading Korean tea and read it where did cook a nineteen come from nothing is certain but we know a bat was involved next personally the pandemic originated from wet markets where the selling of wild exotic animals like about skiing ruse and reptiles takes place the post immediately drew accusations of anti Asian sentiment little women was quick to respond to an Instagram comments that it acted immediately and a person involved is no longer an
Lululemon Athletica: Chip Wilson (2018)
"So it used to be that the clothes you wore to the gym. Were like the absolute worst clothes you owned. You know the radio T. shirt. You got for free at some event sweatpants with your high school logo. You know the kind of short shorts Dr J. would have worn on the basketball court anyway. Most of this apparel was cotton-based Baggy. Didn't look so great in honestly. Nobody really cared. You had one job to do which was to sweat at the gym but at some point in the past ten or fifteen years all of that changed because suddenly the clothes you wore to work out. We're also the clothes you can wear to the grocery store or at a restaurant or even at work so for better or worse people were wearing their gym clothes outside of the gym on purpose and this trend it was called at leisure and chip Wilson. He was one of its pioneers. The brand he built out of his house in Vancouver is now worth more than fourteen billion dollars. Now before I go on let me just address. The elephant in the room chip has said some things that are well. How do I put this rude and Borish? He's put his foot in his mouth on several occasions. He's embarrassed the company and you will hear about some of that later on in the show. But he's also an open book and open to getting grilled all about his life. He's not a cautious media. Trains soundbites guy which is in part. What makes him interesting? Because that's sort of how chip grew up without any pretension middle class. Kid and Calgary. Canada chip was athletic. He played hockey and football. His Dad taught phys ed at the local high school and his mom was a seamstress she lived for it. It's were total passion was. She tried to make clothing for the kids. But of course we didn't. We'd never liked what she made for us. But you know if I want to spend time with my mom. It had to be editor foot in the sewing room. Until did you learn how to sew like from an early age. I can definitely so but more so I think it was working with the butterick patterns and watching my mum lay them down on the fabric and then and then how she moved them and twisted them in order to save fabric. I always say how important that is because once I got into big production and you'd lay fifty to one hundred layers of fabric down when you can save even five six seven inches a fabric that can mean thousands of dollars now before chip would go onto so and designed clothes for a living. He actually got his first real job at an oil company working a grueling incredibly lucrative job on the Alaska oil pipeline for almost two years. How much did you walk away with? How much cash interesting in? Today's dollars probably about six hundred thousand one hundred seventy five thousand. American is amazing amazing. Nineteen you were just given this cash. And that's simply because there was all this money to work on the Alaska oil by blood. I guess right and trade my life in for money I mean there was no girls. There was nothing there except for work so I also wonder you know if everyone got that opportunity with they have made the same thing out of it. I did a pretty good use your eighteen nineteen or twenty with a bunch of cash. So what did you? What did you do with the money? Well it all had three goals in Alaska when stolen my own house by the age of twenty To be in my own business by the age of thirty and retired by forty and retirement meaning that I was doing exactly what I wanted to do so so I did. I bought a house and then I Finished up my degree and I worked for an oil company. And this is an oil company Second in Calgary right because you you moved back there some Roy right and I guess in like the late seventies right Pretty much at around the time you graduate college or you start to make shorts like baggy shorts for men year. Because I didn't have to get it what it was like. At that time. Men were very short shorts. That were very very tight. You know you only have to look at movies from from the late seventies to get that kind of picture and And they made a lot of sense to me because I had very big legs and I was. I think because I was working out three times a day. I was always in a constant sweat and the idea of wearing shorts. Full-time was very appealing to me. Yeah and so you and these were like flower printed like loud Hawaiian like trader. Joe's like those shirts like that's what the shorts looked like. Yeah exactly but we have to see it in context that there was nothing like that before everything else. Was that era of Brown rust off color. Okra yellow like solid colors. There was no brightness in the world at all that time so that was a radical. Look so I started because I couldn't get loud flowered prints in two thousand meters which is kind of what a person needs to go into business. I started doing what my mom did. She quilted fabric so I would get masses of different types of patterns of fabric and then cut them into squares and then I would quilt them and then in order to keep the stability that I put up packing on it of black fabric. And then I realized I had reversible shorts so normally were they long and Begi and reversible. They just really revolutionized shorts. And then the skateboarder started taking them on because it kind of covers their knees even know about them. Did you start to sell them somewhere? Well I mean that's the invention of vertical retailing because I made about three hundred pairs of shorts up in nineteen eighty and I went to the big department stores here in Canada and they would have nothing to do with them so I had my first inventory problem so I thought what am I going to do so I basically set up a lemonade. Stand for the shorts. And in in Calgary in the downtown mall at Calgary and I had a partner girlfriend at the time and so we did that together and we would lay all the shorts out and then they would make like a thousand dollars a day selling the shorts and has making like a hundred and twenty dollars the oil company so it was tough to figure out the math of that and what these will not swimming shorts. What who would wear the shorts? What would you be doing while wearing shorts? Well these particular shorts you know. I couldn't release. It was tough in the oil business of conservative Calgary where people were practice suits and cowboy boots to them on loud begi shorts and so I originally called them barbecue shorts because I needed to give men needed an excuse to wear them. I knew they wanted to wear them. But as you know a couple of years went on and that's again that's when the skateboarding market took over from the surf market and the young boys you know like tend to eighteen started wearing them so this is this is one thousand. Nine hundred eighty. You've got barbecue shorts by the way the barbecue season in Calgary fairly short like a couple of weeks again forty days forty days. You've forty days or these shorts. And Calgary I mean not a brilliant marketing move but it worked people were like our barbecue and so nineteen eighty and then but at the same time you were still working for this oil company on the side or or. You're doing this and how long before you quit the oil company. Well ahead my goal of quitting being in my own business by thirty so I worked through company for five years and quit on my birthday. Your thirtieth birthday exactly. Did you create brand? Around around the barbecue shorts. Yeah I I called it. West Beach Which at the time was I think it's probably from being in San Diego whereas young and probably the the incredible feeling I had from living on the beach every day minute a little bit. Yeah when I was a little kid. And I being in Calgary. All's wanted to get back to the beach. I want to get back to the west coast. I think that's where I felt best. So that was the brand I built up around
Chip Wilson on Building LuluLemon
"Wilson is definitely the kind of entrepreneur who is very attentive to trends and when he was living in Vancouver in the late nineteen nineties. The trend he noticed was yoga. It seemed like everyone was getting into it particularly women so the story. Lululemon is a classic case of seeing an opportunity. And just seizing on it. Right place right time but long way chip also ran into some major problems some of which he caused himself if I ran in June of twenty eighteen. It's a super interesting story. Hope you enjoy it. You're this people were just naked in front of the store well. They showed up in their trench coats. And you know we rent out when we went with open. The story went out with my wife and put my arm around her. And then we They we said thanks for coming and everyone dropped their trenchcoats and went running into the store
Away CEO Steps Down After Investigation Reveals Toxic Work Culture
"Away the luggage startup founded by Steph Korean. Rian Jen Rubio has made a fortune by branding itself as a travel business. Not as what. It actually is a company that sells suitcases. More than half a million people mostly millennials selenium follower ways instagram feed the feed is filled with aspirational images of magical destinations cute dogs and babies and peaceful living spaces a recent Jason Hashtag advised followers to quote. Live like it's the weekend but for the company's employees life was anything but in fact there were often no weekends off for for months at a time the reality of working for away was so different than it's aspirational image. That co-founders Steph. Corey is now out as CEO. Corey left the executive post just four days. After the verge published a scathing article about a ways toxic work culture numerous former employees told reporters zoe schiffer for that. They were pressured to work. Almost endlessly typically without any overtime pay they also related many in-person slack conversations with Corey in which she berated and managers publicly for mistakes. Such as a single customer receiving a product with an incomplete monogram. Some employees also complained of discrimination against women and people of color color particularly within. Managerial ranks the verges schiffer. Backed up her reporting with several screen shots of slack messages written by Corey after the story was published Corey. Apologized jogged publicly on twitter. She wrote that. She was quote appalled and embarrassed by reading her own slack messages. She said she'd been working with an executive coach and promised to do better. That tweet led observers to believe that she wasn't planning to step down shortly thereafter. The company announced that a new interim CEO would take her place that new CEO is Stuart Hazelden who has been. CEO of Lululemon Athletico. He will start in mid January away. Disputes that had hired Hazelden because house of the verge investigation rather the company says away has been in discussions with him for months. According to the Wall Street Journal according to recode Hazelden had been planning to start it away as C.. CEO With the understanding that he would take corey spot. Presumably some months into the New Year Cory will remain as executive chairman. Gen Rubio will remain as has president and chief brand officer like many a Silicon Valley Unicorn away. His grown like gangbusters since Rubio Corey founded in two thousand fifteen. According to recode code the company has raised one hundred eighty million dollars in venture funding in May investors valued at one point four billion dollars Forbes reports that Corey and Rubio uh-huh stakes are each worth one hundred thirty million dollars according to the verge. Investigation Steph Curry often use the company's guiding principles all wrapped around fast growth as is reasons to castigate workers in particular. She attempted to get customer service. Employees to keep up with overflowing customer inquiries saying workers weren't sufficiently quote customer. Obsessed the article also depicts a workplace. That was dramatically understaffed whether these new revelations about aways toxic work environment will significantly only damage. The company has yet to be seen. The products themselves are well regarded but the online publication courts almost immediately published an article offering alternative luggage ideas that list is topped by products from Samsonite. which along
U.S. poised to give federal workers 12 weeks of paid parental leave
"House approved twelve weeks of paid parental leave for about two million federal workers on Wednesday. The new benefit would apply to any birth adoption or foster after October. First Twenty twenty any for employees who've worked for the government for one calendar year and stay for at least twelve weeks after taking the leave. The spending package is part of the national defense authorization. Sation Act that's a bill that often serves as a catchall for measures unrelated to defense. The Senate is expected to approve the measure in the coming days and the bill would then go to the white. The house where president trump is expected to sign it into
Plans for new U.S.-China trade talks boost stock indexes
"Minute stocks posted solid gains for a second day in a row the news that the US and China plan to hold talks in Washington next month spark new investor optimism about the trade war the Dow Jones industrials gained three hundred seventy three points or one point four percent the nasdaq closed one hundred forty points or one and three quarters percent higher the S. and P. five hundred rose thirty eight points or one point three percent Brian Levitt of invesco talked about the positive mood on Wall Street the fed has backed off US in China or green to me is this great policy backdrop no but things moderately improving yeah and that's why the markets are responding to this lululemon Athletica posted stronger than expected quarterly results after the bell the athletic wear maker boosted its guidance for
Gigi Hadid and Tyler Cameron go to dinner with Serena Williams
"We're gonna talk primarily at demi a little bit but the next bachelor but before we do that i just wanted to a tyler update because andrew and i talked about tyler on monday and have personal update and be i wanna talk about rather just the latest in his celebrity meteoric rise personal update tyler along our housing may tyler love. You thank you great guy. There's that second of all tyler certainly not going to be the bachelor because he is still dating gee-gee hadid. They've gone out to dinner with friends. Including at-bat the matt james nine one nine and bucking serena williams one of the most famous most successful best living humans we have. I cannot believe it a million. What was your reaction to tyler hanging out with. Serena williams who's like probably the one of one of the best living athletes yeah. Maybe one of the best athletes it's ever gonna put a gender qualifier yeah. No i was speechless. I am a huge serena williams fan. I like i'm not like super nintendo but i'm like into to her and i want her to break all the records and she's so awesome and i'm just i'm just like oh my god it was it was incredible. I just i'm so happy for him. I'm so happy for bachelor nation. It's just very like this feels like some kind of like hey we're here finally and people saluted except that bachelor nation is a big deal okay. Thank you bachelor celebrities. You can't get rid of them. They're they're legit so now. G g has legitimizing them but one thing i've been thinking a lot about is she's like a friend of reality t._v. and formerly on reality t._v. herself which i feel kind of overlooked but when you launder was on the real housewives gee-gee was all over it. That was not like random. Oh no no no. I mean like we got the iconic nick moment when g g had like a going away birthday party for college or something and you'll here's the piece of cake and it was literally the size of an almond yeah. Have you ever google you llandough and she was in her heyday as a model. Yes i have actually she was gorgeous. Yeah can't imagine growing up under with evatt hanging over you sure i will say this though they kind of like. I think it was a run on. She was like the ninety supermodels naomi cindy yolanda. It is like really you'll onda your maga yeah. I don't know about that. She was on the same level. That's true and just tyler is like i don't know this just takes him out out of the running for like regular reality t._v. or like the bachelor career trajectory. I don't know what happens to him next. I don't know how long this lasts right biggest task for them. It will be in september because certainly j._j. Will be walking in the many fashion weeks new york london paris so she'll be traveling and like i don't think we can rule out him going with her like that could have now we'll end. He's a model to maybe we'll see him on the runway. I don't know that will be wild if he if he just. I mean he's like today. He put up a lululemon add lululemon partner it would be wilder tyler became a runway model as a result of his new found fame. I don't wanna say as a result of g g. I think think like he could get there on his own shore but it's just wild. I is a i. I now find that like part of my daily. Routine is waking up and checking to see see if tyler is done anything no like what like what's going on today in thailand yes. Maybe it would have done that anyway but like it's just crazy. He's legitimate celebrity. It's wild well. I think he probably likes it. Also jay is nine one nine. Do you follow him on instagram. No why not oh does that his friend who's the football player yahoos yeah. Who's catchy lives on okay well. Maybe i will after this. We'll he's after forty thousand followers literally. He's literally just random guy just like little chillers run yes and he is forty thousand instagram slow followers. That's crazy yeah. I know it is crazy. He's also really handsome. I hope that this is working out for him do we'll maybe lead to get him on the bachelorette. I think that's been like discuss like about to make him a bachelor. I don't i'm so down for that. <hes> <hes> we'll move on from tyler and one second but i just want to note the photos of them at last night which by the way was also namedrop from the new york post this week because i is where katie holmes was allegedly overheard talking about her break up with <hes> jamie fox big-league las geena a hard time believing it's complete coincidence anyway in those photos caroline wozniacki who is also towns player also <unk> serena williams the best friends. She's also there and there's nary a mention of her. It's very sad that's crazier. I know no one had like if you're a tennis fan into the photos. Oh there's caroline wozniacki yet otherwise no mention for her. Wow i mean like i said i'm not huge but i know who she is and like i say she would've voted wedding for christ's sake yeah m._s. Don't totally that's wild that she was even mentioned it stunning