15 Burst results for "Sharon Price John"

"sharon price john" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:49 min | 8 months ago

"sharon price john" Discussed on Bloomberg Radio New York

"About a decade President and CEO Sharon price John credits much of his success to a shift from the familiar in store experience I'll build a bear workshop You can choose your own new furry friend to online People don't always recognize build a bear as an online retailer but through the COVID experience we really did lean heavily into ecommerce our business just a few years ago with more in the four 5% range of total sales And now it's up to 20% This at a time when many companies are struggling through supply chain issues We do source from Southeast Asia and it has been a challenge and we're juggling containers and products But she adds a strong inventory will help them through the rest of the holidays Lisa Matteo Bloomberg radio Accounting professional Liam Cohen CPA a trustee of the Jewish communal fund and sephardic beaker Holm talks about why he uses JCS donor advised fund and recommends JC up to his clients JCF is an organization that I've worked with for many years both personally and in my accounting practice The ease of giving and managing my donations through their website is very effective using their for tax planning and managing all of my charitable giving through one place JCF endowment helps support Jewish organizations throughout the tri state area and that's very important to me and my clients JC F's donor advised fund is the smarter way to give back Let Jewish communal fund maximize your client's charitable deductions and streamline their charitable giving Since JCF handles all the administration get started now at JCF and Y dot org or call 212-752-8277 We have a gift for giving Why.

"sharon price john" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:18 min | 8 months ago

"sharon price john" Discussed on Bloomberg Radio New York

"The COVID experience we really did lean heavily into ecommerce We had already been on that road from a strategic perspective for a number of years How much of your business is ecommerce versus store Well you know but build a bears now which is important to understand builders now multi generational So we're coming up on our 25th year Don't let that make you feel old We've just been around for a while And that's okay because not only do parents of kids parents now when I take their kids they actually want to experience build a bear again and some of that is our collectible product like Pokémon or Harry Potter and they go online So our business just a few years ago was more in the four or 5% range of total sales And now it's up to 20% And what's the goal How high do you want to get that Well we're really the key is to grow total revenue And because ecommerce for us is on par from a profitability perspective to the rest of our revenue and stores we just want to be there the way guests want to interact with us If they want to go online and purchase they can do that If they'd like to come in store and have that very special retail payment experience that we're famous for they can do that too Hey get to ask you which we ask every leader of an institution or organization or a company supply chain issues How rough is it for you guys Yeah you know we like so many toy industry people We do sourced from Southeast Asia and it has been a challenge and we're juggling containers and products and reprioritizing on a regular basis We did make a special note that we believe we have a robust really strong inventory position for the remainder of the holiday season We feel like that we have done our projections appropriately and really importantly particularly for that special experience in memory that people want to make in our stores We actually have enough bear builders which would be our sales associate to make sure to the best of our ability that everybody has that great build a bear moment That Sharon price John president and CEO of build a bear workshop She says hey they're going to be able to satisfy demand This holiday.

"sharon price john" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:14 min | 8 months ago

"sharon price john" Discussed on Bloomberg Radio New York

"If you're looking for an outperformer in the stock market check out shares of build a bear workshop that stocked him up in the area of around 400% this year This past week the company reported record revenues of more than $95 million in the third quarter They also authorized $25 million worth of share buybacks All this has build a bear prepares to celebrate its 25th anniversary in the new year Sharon price John has been the firm's president and CEO since 2013 should previously racked up two decades worth of experience in marketing and product development with the likes of Hasbro Mattel and stride And now she's got the specialty retailer of customized stuffed animals soaring to new heights in the midst of the busy holiday season Sharon joined us from the New York Stock Exchange to discuss the company's digitization plans and it's a banner quarterly results As you mentioned we declared a special dividend in the authorized stock buyback program but also raised the annual guidance and it's really we're looking at a revenue number that's the best in about a decade as well as that pretext income that I was speaking of that's the best in our corporate history for the third quarter and the first three quarters of the year One thing I just wanted to ask you Sharon is is why the buyback why the special dividend Is that the best way to use some of your cash on hand Well it's one way to use our cash on hand We have a robust capital plan And a portion of that we felt with these record earnings is just a great opportunity for us to directly and immediately return some of that value to our shareholders Of course the stock buyback has a much different purpose It's more of a recognition of the board on noting and believing in the future of the company but we also outline some strategic objectives and opportunities for the future and how we're investing and that's inclusive of continued and acceleration of our digital transformation as well as the evolution of our retail footprint and the way we go to market and continue to push into the more robust approach to omnichannel I know that people don't always recognize build a bear as an online retailer but as with many through.

Sharon Hasbro Mattel New York Stock Exchange John
"sharon price john" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:17 min | 8 months ago

"sharon price john" Discussed on Bloomberg Radio New York

"A blowout earnings report Build a bear workshop CEO Sharon price John on what's next for a company who shares are up about 400% year to date Talk about a rally Talk about a lot of bears Plus more from our annual Bloomberg 50 list This week's issue of Bloomberg business week magazine dedicated to the individuals and ideas that have defined 2021 First up this hour in ecommerce power player has a strong start to the holiday shopping season Shopify came out earlier this week with data saying that its merchant sales from Black Friday through cyber Monday hit a record $6.3 billion That represents a 23% increase compared with the same period a year earlier But what's interesting Tim is those figures contrast with some of the broader retail trends that we've seen so far in the early portion of the holiday shopping season We caught up with Shopify president Harley finkelstein and asked him how the cloud based commerce platform was able to overcome an otherwise lackluster weekend from consumers I think what you were seeing is that Shopify merchants really outpace the industry at frankly these astonishing rates and they continue to do so through the entire weekend We know that consumer spending has stayed strong but I don't think the FCM was simply just a measure of consumer confidence It seems like it was also barometer for consumer interest in supporting independent brands and entrepreneurs And we think that that support is stronger than ever For the entire weekend so from Friday to Monday we saw about 6.3 billion sold sales on shop planets but 23% growth as you mentioned And about 47 million consumers made a purchase from a Shopify merchant during the weekend The other thing that's really interesting is that average cart size was out from about $90 to about a $100 globally And when you look at where those sales were coming from of course we had the big names that we always talk about here companies like all birds and bombas and Jim shark and Brooklyn But we also saw some new names emerge the nugget for example our place for example And then some traditional retailers that you shot the fight like LEGO mat spanx dockers But I really relative to the numbers that you were mentioning earlier from the industry industry wide It feels like this is a tale of two different retail worlds On one side you have traditional big box stores then you have direct to consumer Well let me just remind our listeners of those numbers from Adobe So U.S. shoppers spent $10.7 billion on cyber Monday That's according to Adobe less than the $10.8 billion a year earlier and that mister Adobe's estimate of $11.3 billion So Harley it sounds like the analysis that you're providing is it's because it's a different type of shopping happening You're saying that Shopify retailers that use the Shopify platform outperformed the industry and that's why you see the dichotomy in the divergence with the data from Adobe That's exactly right Yes I think Adobe's first will only look in the U.S. where a Shopify is a global platform We have more than 1.7 million stores across a 175 countries But what we really did see is that consumers unequivocally voted with their wallets this past 40 weekend to buy from independent retailers and their favorite brands And some of these brands have now become really incumbent If you look at companies like figs or all birds these are stores that started on Shopify just a couple of years ago and now they're publicly traded companies And so I think you're going to see more of this happening where the future retail really does belong to these independent direct to consumer brands as opposed to the big box retailers In some cases that aren't really adding any real value Yeah It's an interesting you know we talked about innovation as you know Harley so much in so many different industries certainly in technology We've seen it in retail in a big way What does that mean then you think for the major retailers that are out there versus many of those that are on your platform Is there something more significant going on in terms of the retail trends Well look I've been a student of retail ecommerce for the majority of my life And I think one of the major changes that have happened here is that a lot of the retailers that were reselling other people's products simply weren't justifying their profit margin So I'm sitting here right now in Canada wearing my favorite T-shirt which is James perse which is a Shopify store years ago I was able to buy Jameis T-shirt at barneys for example And I never did And the reason was I didn't feel that I was getting any a better experience And it was certainly more expensive buying from Bernie's Whereas when I go to James first dot com powered by Shopify I get a much better experience I know that the money that I am paying for is a vote with my wallets that I want more of those brands to exist in the world I think that the other thing is that the big box retailers for a very long time they had an unfair advantage because they had distribution And the reason that we were able to go into these big box sources because they were in our cities But the Internet has completely democratized distribution so that today I can be sitting anywhere in the world and for $29 I can set up a store on Shopify and I can sell online I can offline I can sell on TikTok or Spotify on Instagram And I can be default global in a matter of minutes That's where technology is driving this really incredible innovation and commerce How do you make sure that these companies as they grow don't graduate from Shopify's platform and they're able to keep using it It's a great question The challenge of being able to make it really easy for any brand or any entrepreneur business to get started on Shopify And then when they get to some sort of scale they can do to grow that is really what shop would make Shopify quite unique So for example when you're just getting started you may just simply want to set up a very simple online store and sell to consumers But as you grow you begin to wanting to sell across a variety of different places channels I mentioned Instagram and Facebook but also you want to sell across new channels that emerge We announced a partnership to scale with Spotify So an artist on Spotify can open online stores on Shopify and sell merchandise That was Shopify president Harley finkelstein And we should note that this past week after our conversation with Harley a group of 5 educational publishers sued Shopify The group includes Pearson education and McGraw hill It filed for copyright and trademark infringement Just as we were putting our broadcast to bed shop if I had declined to comment on the specifics of the lawsuit saying that it takes actions against web stores that violate its policies You're listening to Bloomberg businessweek coming up next one of America's premier luxury auto brands is racing into the EV market The question is how.

Shopify Adobe Build a bear workshop Sharon price John Harley finkelstein Jim shark Harley FCM Bloomberg America Tim LEGO
"sharon price john" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:17 min | 8 months ago

"sharon price john" Discussed on Bloomberg Radio New York

"The COVID experience we really did lean heavily into ecommerce We had already been on that road from a strategic perspective for a number of years How much of your business is ecommerce versus store Well you know but build a bears now which is important to understand builders now multi generational So we're coming up on our 25th year Don't let that make you feel old We've just been around for a while And that's okay because not only do parents of kids parents now want to take their kids they actually want to experience build a bear again And some of that is our collectible product like Pokémon or Harry Potter And they go online So our business just a few years ago was more in the four or 5% range of total sales And now it's up to 20% And what's the goal How high do you want to get that Well we're really the key is to grow total revenue And because ecommerce for us is on par from a profitability perspective to the rest of our revenue and stores we just want to be there the way guests want to interact with us If they want to go online and purchase they can do that If they'd like to come in store and have that very special retail payment experience that we're famous for they can do that too Hey gotta ask you which we ask every leader of an institution or organization or a company supply chain issues How rough is it for you guys Yeah you know we like so many toy industry people We do source from Southeast Asia and it has been a challenge and we're juggling containers and products and reprioritizing on a regular basis We did make a special note that we believe we have a robust or a really strong inventory position for the remainder of the holiday season We feel like that we have done our projections appropriately and really importantly particularly for that special experience in memory that people want to make in our stores We actually have enough bear builders which would be our sales associates to make sure to the best of our ability that everybody has that great build a bear moment That Sharon price John president and CEO of billboard workshop She says hey they're going to be able to satisfy demand This.

"sharon price john" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:14 min | 8 months ago

"sharon price john" Discussed on Bloomberg Radio New York

"An American luxury car brands place in the electric vehicle revolution we're talking about Cadillac And a small cap toy maker is rewarding shareholders on the heels of a blowout earnings report Build a bear workshop CEO Sharon price John on what's next for a company who shares are up about 400% year to date Talk about a rally Talk about a lot of bears Plus more from our annual Bloomberg 50 list This week's issue of Bloomberg business week magazine dedicated to the individuals and ideas that have defined 2021 First up this hour an ecommerce power player has a strong start to the holiday shopping season Shopify came out earlier this week with data saying that its merchant sales from Black Friday through cyber Monday hit a record $6.3 billion That represents a 23% increase compared with the same period a year earlier But what's interesting Tim is those figures contrast with some of the broader retail trends that we've seen so far in the early portion of the holiday shopping season We caught up with Shopify president Harley finkelstein and asked him how the cloud based commerce platform was able to overcome an otherwise lackluster weekend from consumers I think what you were seeing is that Shopify merchants really outpace the industry at frankly these astonishing rates and they continue to do so through the entire weekend We know that consumer spending has stayed strong but I don't think the FCM was simply just a measure of consumer confidence It seems like it was also barometer for consumer interest in supporting independent brands and entrepreneurs And we think that that support is stronger than ever For the entire weekend so from Friday to Monday we saw about 6.3 billion sold sales on shop plants but 23% growth as you mentioned And about 47 million consumers made a purchase from a Shopify merchant during the weekend The other thing that's really interesting is that average cart size was up from about $90 to about a $100 globally And when you look at where those sales were coming from of course we had the big names that we always talked about here companies like all birds and bombas and Jim shark and Brooklyn But we also saw some new names emerge the nugget for example our place for example And then some traditional retailers that you shot the fight like LEGO Mattel spanx dockers But I really relative to the numbers that you were mentioning earlier from the industry industry wide It feels like this is a tale of two different retail worlds On one side you have traditional big box stores but then you have direct to consumer Well let me just remind our listeners of those numbers from Adobe So U.S. shoppers spent $10.7 billion on cyber Monday That's according to Adobe less than the $10.8 billion year earlier and that mister Adobe's estimate of $11.3 billion So Harley it sounds like the analysis that you're providing is it's because it's a different type of shopping happening You're saying that Shopify retailers that use the Shopify platform outperformed the industry And that's why you see the dichotomy in the divergence with the data from Adobe That's exactly right Yes I think Adobe's first only looking U.S. were Shopify is a global platform We have more than 1.7 million stores across a 175 countries But what we really did see is that consumers unequivocally voted with their wallets this past 40 weekend to buy from independent retailers and their favorite brands And some of these brands have now become really incumbent If you look at companies like figs or all birds these are stores that started on Shopify just a couple of years ago and now they're publicly traded companies And so I think you're going to see more of this happening where the future retail really does belong to these independent direct to consumer brands as opposed to the big box retailers In some cases that aren't really adding any real value Yeah it's an interesting we talk about innovation as you know Harley so much in so many different industries certainly in technology We've seen it in retail in a big way What does that mean then you think for the major retailers that are out there versus many of those that are on your platform Is there something more significant going on in terms of the retail trends I've been a student of retail and commerce for the majority of my life And I think one of the major changes that have happened here is that a lot of the retailers that were reselling other people's products simply weren't justifying their profit margin So I'm sitting here right now in Canada wearing my favorite T-shirt which is James perse which is a Shopify store years ago I was able to buy and Jameis first T-shirt at barneys for example And I never did And the reason was I didn't feel that I was getting any a better experience And it was certainly more expensive buying from Bernie's Whereas when I go to James first dot com powered by Shopify I get a much better experience I know that the money that I am paying for is a vote with my wallets that I want more of those brands to exist in the world I think the other thing is that the big box retailers for a very long time they had an unfair advantage because they had distribution And the reason that we were able to these big buck sources is because they were in our cities But the Internet has completely democratized distribution so that today I can be sitting anywhere in the world and for $29 I can set up a store on Shopify and I can sell online I can offline I can sell on TikTok or Spotify on Instagram and I can be default global within a matter of minutes That's where technology is driving this really incredible innovation in commerce How do you make sure that these companies as they grow don't graduate from Shopify's platform and they're able to keep using it It's a great question The challenge of being able to make it really easy for any brand or any entrepreneur business to get started on Shopify And then when they get to some sort of scale they continue to grow that is really what shop would make Shopify quite unique So for example when you're just getting started you may just simply want to set up a very simple online store and sell to consumers But as you grow you begin to wanting to sell across a variety of different places channels I mentioned Instagram and Facebook but also you want to sell across new channels that emerge We announced a partnership to scale with Spotify so an artist on Spotify can open online stores on Shopify and sell merchandise That was Shopify president Harley finkelstein And we should note that this past week after our conversation with Harley a group of 5 educational publishers sued Shopify The group includes Pearson education and McGraw hill It filed for copyright and trademark infringement Just as we were putting our broadcast to bed shop if I had declined to comment on the specifics of the lawsuit saying.

Shopify Adobe Sharon price John Harley finkelstein Jim shark Bloomberg Mattel Shopify store Jameis U.S. Tim LEGO
"sharon price john" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:02 min | 8 months ago

"sharon price john" Discussed on Bloomberg Radio New York

"Hey gotta ask you which we ask every leader of an institution or organization or company supply chain issues How rough is it for you guys Yeah you know we like so many toy industry people We do source from Southeast Asia and it has been a challenge and we're juggling containers and products and reprioritizing on a regular basis We did make a special note that we believe we have a robust really strong inventory position for the remainder of the holiday season We feel like that we have done our projections appropriately and really importantly particularly for that special experience in memory that people want to make in our stores We actually have enough bear builders which would be our sales associate To make sure to the best of our ability that everybody has that great build a bear moment That's Sharon price John president and CEO of Bilbao workshop She says hey they're going to be able to satisfy demand This holiday season It's interesting too I love these kind of traditional kids toy shops or traditional retailers that are diversifying They've got an entertainment division that just released its first live action production as part of hallmark's Christmas movie lineup I've got to say we had a ton of stuff he's growing up It was something that my daughter really really loved But it's interesting just your daughter Or you too Carol Are you going to blow up your spot But you had some builders right I have to say I liked it I liked teddy bears Had some old ones a little collection And then she had them But it is interesting to see how they are more interactive in their stores and she talked a lot about the adult component of their business It's not just about kids Tim It's not I know I know everybody needs this stuff I'm blushing for everybody on radio You're listening to Bloomberg businessweek coming up We turn our attention back to our cover story in the Bloomberg 50 We'll dig deeper into our list of the year's most influential people and ideas This is where we get to talk about Brittany right Britney and beam stocks And Ted Lasso That's right We're getting to it.

Bilbao workshop Southeast Asia Sharon hallmark teddy bears John Carol Bloomberg businessweek Tim Ted Lasso Britney
"sharon price john" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:24 min | 8 months ago

"sharon price john" Discussed on Bloomberg Radio New York

"An American luxury car brands place in the electric vehicle revolution we're talking about Cadillac And a small cap toy maker is rewarding shareholders on the heels of a blowout earnings report Build a bear workshop CEO Sharon price John on what's next for a company who shares are up about 400% year to date Talk about a rally Talk about a lot of bears Plus more from our annual Bloomberg 50 list This week's issue of Bloomberg business week magazine dedicated to the individuals and ideas that have defined 2021 First up this hour in ecommerce power player has a strong start to the holiday shopping season Shopify came out earlier this week with data saying that its merchant sales from Black Friday through cyber Monday hit a record $6.3 billion That represents a 23% increase compared with the same period a year earlier But what's interesting Tim is those figures contrast with some of the broader retail trends that we've seen so far in the early portion of the holiday shopping season We caught up with Shopify president Harley finkelstein and asked him how the cloud based commerce platform was able to overcome an otherwise lackluster weekend from consumers I think what you were seeing is that Shopify merchants really outpace the industry And frankly these astonishing rates and they continue to do so through the entire weekend We know that consumer spending has stayed strong but I don't think the FCM was simply just a measure of consumer confidence It seems like it was also barometer for consumer interest in supporting independent brands and entrepreneurs And we think that that support is stronger than ever for the entire weekend So from Friday to Monday we saw about 6.3 billion sold sales on shop plants but 23% growth as you mentioned And about 47 million consumers made a purchase from a Shopify merchant during the weekend The other thing that's really interesting is that average cart size was out from about $90 to about a $100 globally And when you look at where those sales were coming from of course we had the big names that we always talk about here companies like all birds and bombas and Jim shark and Brooklyn But we also saw some new names emerge the nugget for example our place for example And then some traditional retailers at new Shopify like LEGO Mattel spanx dockers But I really relative to the numbers that you were mentioning earlier from the industry industry wide It feels like this is a tale of two different retail worlds On one side you have traditional big box stores but then you have direct to consumer Well let me just remind our listeners of those numbers from Adobe So U.S. shoppers spent $10.7 billion on cyber Monday That's according to Adobe less than the $10.8 billion year earlier and that mister Adobe's estimate of $11.3 billion So Harley it sounds like the analysis that you're providing is it's because it's a different type of shopping happening You're saying that Shopify retailers that use the Shopify platform outperformed the industry And that's why you see the dichotomy in the divergence with the data from Adobe That's exactly right Yes I think Adobe's first only looking U.S. were Shopify is a global platform We have more than 1.7 million stores across a 175 countries But what we really did see is that consumers unequivocally voted with their wallets this past four day weekend to buy from independent retailers and their favorite brands And some of these brands have now become really incumbent If you look at companies like figs or all birds these are stores that started on Shopify just a couple of years ago and other publicly traded companies And so I think you're going to see more of this happening where the future retail really does belong to these independent direct to consumer brands as opposed to the big box retailers In some cases that aren't really adding any real value Yeah it's an interesting we talk about innovation as you know Harley so much in so many different industries certainly in technology We've seen it in retail in a big way What does that mean then you think for the major retailers that are out there versus many of those that are on your platform Is there something more significant going on in terms of the retail trends I've been a student of retail ecommerce for the majority of my life And I think one of the major changes that have happened here is that a lot of the retailers that were reselling other people's products simply weren't justifying their profit margin So I'm sitting here right now in Canada wearing my favorite T-shirt which is James perse which is a Shopify store years ago I was able to buy and Jameis first T-shirt at barneys for example And I never did And the reason was I didn't feel that I was getting any a better experience And it was certainly more expensive buying from Bernie's Whereas when I go to James first dot com powered by Shopify I get a much better experience I know that the money that I am paying for is a vote with my wallets that I want more of those brands to exist in the world I think the other thing is that the big box retailers for a very long time they had an unfair advantage because they had distribution And the reason that we were able to these big box sources because they were in our cities But the Internet has completely democratized distribution so that today I can be sitting anywhere in the world and for $29 I can set up a store on Shopify and I can sell online I can still offline I can sell on TikTok or Spotify on your Instagram and I can be default global within a matter of minutes That's where technology is driving this really incredible innovation and commerce How do you make sure that these companies as they grow don't graduate from Shopify's platform and they're able to keep using it It's a great question The challenge of being able to make it really easy for any brand or any entrepreneur business to get started on Shopify And then when they get to some sort of scale they can do to grow that is really what shop would make Shopify quite unique So for example when you're just getting certain you may just simply want to set up a very simple online store and sell to consumers But as you grow you begin to wanting to sell across a variety of different places channels I mentioned Instagram and Facebook but also you want to sell across new channels that emerge We announced a partnership to scale with Spotify so an artist on Spotify can open online stores on Shopify and sell merchandise That was Shopify president Harley finkelstein And we should note that this past week after our conversation with Harley a group of 5 educational publishers sued Shopify The group includes Pearson education and McGraw hill It filed for copyright and trademark infringement Just as we were putting our broadcast to bed shop if I had declined to comment on the specifics of the lawsuit saying that it takes actions against web stores that violate its policies You're listening to Bloomberg businessweek coming up next one of America's premier luxury auto brands is racing into the EV.

Shopify Adobe Sharon price John Harley finkelstein Jim shark Bloomberg Shopify store Mattel Jameis U.S. Tim LEGO
"sharon price john" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:45 min | 8 months ago

"sharon price john" Discussed on Bloomberg Radio New York

"And some of that is our collectibles product like Pokémon or Harry Potter and they go online So our business just a few years ago was more in the four 5% range of total sales And now it's up to 20% And what's the goal How high do you want to get that Well we're really the key is to grow total revenue And because ecommerce for us is on par from a profitability perspective to the rest of our revenue and stores we just want to be there the way guests want to interact with us If they want to go online and purchase they can do that if they'd like to come in store and have that very special retail payment experience that we're famous for they can do that too Hey gotta ask you which we ask every leader of an institution or organization or company supply chain issues How rough is it for you guys Yeah you know we like so many toy industry people We do source from Southeast Asia and it has been a challenge and we're juggling containers and products and reprioritizing on a regular basis We did make a special note that we believe we have a robust really strong inventory position for the remainder of the holiday season We feel like that we have done our projections appropriately and really importantly particularly for that special experience in memory that people want to make in our stores We actually have enough bear builders which would be our sales associate To make sure to the best of our ability that everybody has that great build a bear moment That Sharon price John president and CEO of workshop She says hey they're going to be able to satisfy demand This holiday season It's interesting too I love these kind of traditional kids toy shops or traditional retailers that are diversified They've got an entertainment division that just released its first live action production as part of hallmark's Christmas movie lineup I've got to say we had a ton of stuff he's growing up It was something that my daughter really really loved But it's interesting just your daughter Or you too girl Are you gonna blow up your spot But you had some build of those right I have to say I liked it I liked it but had some old ones a little collection And then she had them But it is interesting to see how they are more interactive in their stores and she talked a lot about the adult component of their business It's not just about kids Tim It's not I know I know Everybody needs this stuff I'm blushing for everybody on radio You're listening to Bloomberg businessweek coming up We turn our attention back to our cover story in the Bloomberg 50 We'll dig deeper into our list of the year's most influential people and ideas This is where we get to talk about Brittany right Britney and beam stalks And Ted Lasso That's right We're getting to it in just a moment This.

Sharon price John Harry Potter Southeast Asia hallmark Bloomberg businessweek Tim Ted Lasso Britney
"sharon price john" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:17 min | 8 months ago

"sharon price john" Discussed on Bloomberg Radio New York

"A bear workshop that stocked him up in the area of around 400% this year This past week that company reported record revenues of more than $95 million in the third quarter they also authorized $25 million worth of share buybacks All this has build a bear prepares to celebrate its 25th anniversary in the new year Sharon price John has been the firm's president and CEO since 2013 had previously racked up two decades worth of experience in marketing and product development with the likes of Hasbro Mattel and stride And now she's got the specialty retailer of customized stuffed animals soaring to new heights in the midst of the busy holiday season Sharon joined us from the New York Stock Exchange to discuss the company's digitization plans and it's a banner quarterly results As you mentioned we declared special dividend and authorized that stock buyback program But also raised the annual guidance And it's really we're looking at a revenue number that's the best in about a decade as well as that pre-tax income that I was speaking of that's the best in our corporate history for the third quarter and the first three quarters of the year One thing I just wanted to ask you Sharon is is why the buyback why the special dividend Is that the best way to use some of your cash on hand Well it's one way to use our cash on hand We have a robust capital plan And a portion of that we felt with these record earnings is just a great opportunity for us to directly and immediately return some of that value to our shareholders Of course the stock buyback has a much different purpose It's more of a recognition of the board on noting and believing in the future of the company but we also outline some strategic objectives and opportunities for the future and how we're investing and that's inclusive of continued and acceleration of our digital transformation as well as the evolution of our retail footprint and the way we go to market and continue to push into more robust approach to omnichannel I know that people don't always recognize build a bear as an online retailer but as with many through the COVID experience we really did lean heavily into ecommerce We had already been on that road from.

Sharon Hasbro Mattel New York Stock Exchange John
"sharon price john" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:00 min | 8 months ago

"sharon price john" Discussed on Bloomberg Radio New York

"Record breaking third quarter performance its stock on a tear We're gonna speak with CEO Sharon price John this is Bloomberg Why do stay healthy isn't easy especially during the holidays watching your diet staying active managing straps But a good night's rest helps boost your overall health and wellness and it couldn't be easier The sweet number 360 smart bed senses your movement and effortlessly adjust to both of you the result you wake up ready for anything Bring proven quality sleep home for the holidays It's time for our cyber week special It's up to a $1000 on select sleep number 360 smart beds and adjustable bases ends Monday to learn more go to sleep number dot com Now streaming on peacock What's behind the door Your worst Fingers Time to bite your deal Ready to hand to monster The girl in the Woods streaming now Only on peacock Is this fierce death So much to explore at total wine and more Pinot noirs and regios champagnes and chardonnays plus more than 2500 beers and bourbon barrel aged tequila rum scotch and gin vermouth that's extra dry hard seltzers and single malt so many for you to try Now offering delivery and select markets see details at total wine dot com slash delivery Drink responsibly be 21 At boost mobile you get the power of a free.

"sharon price john" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:36 min | 8 months ago

"sharon price john" Discussed on Bloomberg Radio New York

"An American luxury car brands place in the electric vehicle revolution we're talking about Cadillac And a small cap toy maker is rewarding shareholders on the heels of a blowout earnings report Build a bear workshop CEO Sharon price John on what's next for a company who shares are up about 400% year to date Talk about a rally Talk about a lot of bears Plus more from our annual Bloomberg 50 list This week's issue of Bloomberg business week magazine dedicated to the individuals and ideas that have defined 2021 First up this hour an ecommerce power player has a strong start to the holiday shopping season Shopify came out earlier this week with data saying that its merchant sales from Black Friday through cyber Monday hit a record $6.3 billion that represents a 23% increase compared with the same period a year earlier But what's interesting Tim is those figures contrast with some of the broader retail trends that we've seen so far in the early portion of the holiday shopping season We caught up with Shopify president Harley finkelstein and asked him how the cloud based commerce platform was able to overcome an otherwise lackluster weekend from consumers I think what you were seeing is that Shopify merchants really outpace the industry at a frankly astonishing rates and they continue to do so through the entire weekend We know that consumer spending has stayed strong but I don't think the FCM was simply just a measure of consumer confidence It seems like it was also barometer for consumer interest in supporting and a brand and entrepreneurs And we think that that support is stronger than ever For the entire weekend so from Friday to Monday we saw about 6.3 billion sold sales on shop plants but 23% growth as you mentioned And about 47 million consumers made a purchase from a Shopify merchant during the weekend The other thing that's really interesting is that average cart size was out from about $90 to about a $100 globally And when you look at where those sales were coming from of course we had the big names that we always talk about here companies like all birds and bombas and Jim shark and Brooklyn But we also saw some new names emerge the nugget for example our place for example And then some traditional retailers at new Shopify like LEGO Mattel spanx dockers But I really relative to the numbers that you were mentioning earlier from the industry industry wide It feels like this is a tale of two different retail worlds On one side you have traditional big box stores but then you have direct to consumer Well let me just remind our listeners of those numbers from Adobe So U.S. shoppers spent $10.7 billion on cyber Monday That's according to Adobe less than the $10.8 billion a year earlier and that mister Adobe's estimate of $11.3 billion So Harley it sounds like the analysis that you're providing is it's because it's a different type of shopping happening You're saying that Shopify retailers that use the Shopify platform outperformed the industry and that's why you see the dichotomy in the divergence with the data from Adobe That's exactly right Yes I think Adobe's first only looking U.S. were Shopify is a global platform We have more than 1.7 million stores across a 175 countries But what we really did see is that consumers unequivocally voted with their wallets this past four day weekend to buy from independent retailers and their favorite brands And some of these brands have now become really incumbent If you look at companies like figs or all birds these are stores that started on Shopify just a couple of years ago in other publicly traded companies And so I think you're going to see more of this happening where the future retail really does belong to these independent direct to consumer brands as opposed to the big box retailers In some cases that aren't really adding any real value Yeah it's an interesting we talk about innovation as you know Harley so much in so many different industries certainly in technology We've seen it in retail in a big way What does that mean then you think for the major retailers that are out there versus many of those that are on your platform Is there something more significant going on in terms of the retail trends I've been a student of retail ecommerce for the majority of my life And I think one of the major changes that have happened here is that a lot of the retailers that were reselling other people's products simply weren't justifying their profit margin So are you sitting here right now in Canada wearing my favorite T-shirt which is James perse which is a Shopify store years ago I was able to buy and Jameis first T-shirt and barneys for example And I never did And the reason was I didn't feel that I was getting any a better experience and it was certainly more expensive buying from Bernie's Whereas when I go to James first dot com however by Shopify I get a much better experience I know that the money I'm paying for is a vote with my wallets that I want more of those brands to exist in the world I think the other thing is that the big box retailers for a very long time They had an unfair advantage because they had distribution And the reason that we were able to these big box sources is because they were in our cities But the Internet has completely democratized distribution so that today I can be sitting anywhere in the world and for $29 I picked up a store on Shopify and I can sell online I can offline I can tell on TikTok or Spotify on your Instagram and I can be default global within a matter of minutes That's where technology is driving this really incredible innovation in commerce How do you make sure that these companies as they grow don't graduate from Shopify's platform and they're able to keep using it It's a great question The challenge of being able to make it really easy for any brand or any entrepreneur business to get started on Shopify And then when they get to some sort of scale they continue to grow that is really what shop would make Shopify quite unique So for example when you're just getting started you may just simply want to set up a very simple online store and sell to consumers But as you grow you begin to wanting to sell across a variety of different places channels I mentioned Instagram and Facebook but also you want to sell across new channels that emerge We announced a partnership to scale with Spotify so an artist on Spotify can open online stores on Shopify and sell merchandise That was Shopify president Harley finkelstein And we should note that this past week after a conversation with Harley a group of 5 educational publishers sued Shopify The group includes Pearson education and McGraw hill It filed for copyright and trademark infringement Just as we were putting our broadcast to bed shop if I had declined to comment on the specifics of the lawsuit saying that it takes actions against web stores that violate its policies You're listening to Bloomberg businessweek coming up next one of America's premier luxury auto brands is racing into the EV market The question is how fast can it shift gears This is Bloomberg Berdan LLP accountants and.

Shopify Adobe Sharon price John Harley finkelstein Jim shark Bloomberg Shopify store Jameis Mattel America Tim LEGO
"sharon price john" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:44 min | 8 months ago

"sharon price john" Discussed on Bloomberg Radio New York

"And some of that is our collectibles product like Pokémon or Harry Potter and they go online So our business just a few years ago was more in the four 5% range of total sales And now it's up to 20% And what's the goal How high do you want to get that Well but really the key is to grow total revenue And because ecommerce for us is on par from a profitability perspective to the rest of our revenue and stores we just want to be there the way guests want to interact with us If they want to go online and purchase they can do that if they'd like to come in store and have that very special retail payment experience that we're famous for they can do that too Hey gotta ask you which we ask every leader of an institution or organization or company supply chain issues How rough is it for you guys Yeah you know we like so many toy industry people We do source from Southeast Asia and it has been a challenge and we're juggling containers and products and reprioritizing on a regular basis We did make a special note that we believe we have a robust really strong inventory position for the remainder of the holiday season We feel like that we have done our projections appropriately and really importantly particularly for that special experience in memory that people want to make in our stores We actually have enough bear builders which would be ourselves associate to make sure to the best of our ability that everybody has that great build a bear moment That Sharon price John president and CEO of Bill debert workshop She says hey they're going to be able to satisfy demand This holiday season It's interesting too I love these kind of traditional kids toy shops or traditional retailers that are diversified They've got an entertainment division that just released its first live action production as part of hallmark's Christmas movie lineup I've got to say we had a ton of stuff he's growing up It was something that my daughter really really loved But it's interesting just your daughter Or you too Carol Are you gonna blow your spot But you had some build of those right I have to say I liked it I liked teddy bears Had some old ones a little collection And then she had them But it is interesting to see how they are more interactive in their stores and she talked a lot about the adult component of their business It's not just about kids Tim It's not I know I know everybody needs this stuff I'm blushing for everybody on radio You're listening to Bloomberg businessweek coming up We turn our attention back to our cover story in the Bloomberg 50 We'll dig deeper into our list of the year's most influential people and ideas This is where we get to talk about Brittany right Britney and beam stalks And Ted Lasso That's right We're getting to it in.

Sharon price John Bill debert Harry Potter Southeast Asia hallmark teddy bears Carol Bloomberg businessweek Tim Ted Lasso Britney
"sharon price john" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:15 min | 8 months ago

"sharon price john" Discussed on Bloomberg Radio New York

"An American luxury car brands place in the electric vehicle revolution we're talking about Cadillac And a small cap toy maker is rewarding shareholders on the heels of a blowout earnings report build a bear workshop CEO Sharon price John on what's next for a company who shares are up about 400% year to date Talk about a rally Talk about a lot of bears Plus more from our annual Bloomberg 50 list This week's issue of Bloomberg business week magazine dedicated to the individuals and ideas that have defined 2021 First up this hour an ecommerce power player has a strong start to the holiday shopping season Shopify came out earlier this week with data saying that its merchant sales from Black Friday through cyber Monday hit a record $6.3 billion That represents a 23% increase compared with the same period a year earlier But what's interesting Tim is those figures contrast with some of the broader retail trends that we've seen so far in the early portion of the holiday shopping season We caught up with Shopify president Harley finkelstein and asked him how the cloud based commerce platform was able to overcome an otherwise lackluster weekend from consumers I think what you were seeing is that Shopify merchants really outpace the industry And frankly these astonishing rates and they continue to do so through the entire weekend We know that consumer spending has stayed strong but I don't think the FCM was simply just a measure of consumer confidence It seems like it was also barometer for consumer interest in supporting independent brands and entrepreneurs And we think that that support is stronger than ever For the entire weekend so from Friday to Monday we saw about 6.3 billion sold sales on shop plants but 23% growth as you mentioned And about 47 million consumers made of purchase from a Shopify merchant during the weekend The other thing that's really interesting is that average cart size was up from about $90 to about a $100 globally And when you look at where those sales were coming from of course we had the big names that we always talk about here companies like all birds and bombas and Jim shark and Brooklyn But we also saw some new names emerge The nugget for example our place for example And then some traditional retailers that you shot the fight like LEGO Mattel spanx dockers But I really relative to the numbers that you were mentioning earlier from the industry industry wide It feels like this is a tale of two.

Sharon price John Shopify Harley finkelstein Bloomberg Tim Jim shark Brooklyn Mattel LEGO
"sharon price john" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:04 min | 9 months ago

"sharon price john" Discussed on Bloomberg Radio New York

"Of 1.2% the Dow down 461 down 1.3% NASDAQ down 283 down 1.8% I'm Charlie call it that is a Bloomberg business flash All right Charlie thank you so much So if you're looking for an outperformer you've got to check out chairs and build a bear workshop because the stock at least heading into today's session was up almost 390% this year Company today reported record revenues a special cash dividend plus a $25 million share buyback and I got to say we had a fair share of the company's stuffed animals in our home and my daughter was growing up You know what after today's 2020 after today's 27% increase in the share price So my gainers are it's up 407% this year Carol Yeah it's been on such a run So let's get to it Joining us from the New York Stock Exchange is Sharon price John She is build a bear workshops present in CEO Sharon so nice to have you here with Tim and myself Sounds like things are going really well Give us some color on the quarter that was and the outlook that you expected to be Yes thank you so much and certainly appreciate you being a customer of ours over the years Always love to hear that But we did announce this morning record revenues and pre-tax income for fiscal 2021 third quarter As you mentioned we declared special dividend and authorized that stock buyback program but also raised the annual guidance And it's really we're looking at a revenue number that's the best in about a decade as well as that pre-tax income that I was speaking of That's the best in our corporate history for the third quarter and the first three quarters of the year Yes Go ahead Carol Well you know one thing I just wanted to ask you Sharon is is why the buyback why the special dividend Is that the best way to use some of your cash on hand Well it's one way to use our cash on hand We have a robust capital plan And a portion of that we felt with these record earnings is just a great opportunity for us to directly and immediately return some of that value to our shareholders Of course the stock buyback has a much different purpose It's more of a recognition of the board on noting and believing in the future of the company but we also outlined some strategic objectives and opportunities for the future and how we're investing and that's inclusive of continued and acceleration of our digital transformation as well as the evolution of our retail footprint and the way we go to market and continue to push into the more robust approach to omnichannel I know that people don't always recognize build a bear as an online retailer but as with many through the COVID experience we really did lean heavily into ecommerce We had already been on that road from a strategic perspective for a number of years How much of your business is ecommerce versus store Because going to the store is such an experience I know it was something that my daughter left to do Well but build a bears now which is important to understand builders now multi generational So we're coming up on our 25th year Don't let that make you feel old We've just been around for a while and that's okay because not only do parents of kids parents now want to take their kids they actually want to experience build a bear again and some of that is our collectibles product like Pokémon or Harry Potter and they go online So our business just a few years ago was more in the four to 5% range of total sales And now it's up to 20% Yeah And what's the goal How high do you want to get that Well we're really the key is to grow total revenue And because ecommerce for us is on par from a profitability perspective to the rest of our revenue and stores we just want to be there the way guests want to interact with us If they want to.

Sharon Charlie New York Stock Exchange Tim Carol John Harry Potter