36 Burst results for "Wayfair"
Fresh "Wayfair" from Bloomberg Daybreak
"Not be combined with any other offer combo meal Money minute Last month Netflix reported a surprising drop in subscribers for its latest quarter and forecast an even bigger loss for the current period Now the company is laying off about a 150 employees These layoffs are after Netflix let go a number of contract workers at a website that promotes its movies and TV shows as of last year Netflix had more than 11,000 workers The online retailer Wayfair was a pandemic winner but now it's put a hiring freeze in place for 90 days citing consumer inflation and overall uncertainty in the economy Wayfair's revenue surged 55% in 2020 but last year slipped 3% investors jumped back in to stocks powering the market higher in the Tuesday session as April retail sales remained strong gains ranged from just over 1% to two and three quarters percent but Walmart was down 11% and that was the most in almost 35 years after the company cut its full year profit forecast Gina serviti Bloomberg radio.
Amplifying Your Growth in Ecommerce
"Hey dave welcome back to the e. Come true podcast. Thanks for having me. Mike a lot going on so i need your help figuring some stuff out. That's what we're that's what we're here for you on the podcast originally on episode three zero one. I'm not sure if since then or even before then you've also joined crewe premium. I think as well right. that's right. yeah so hopefully. We've been helping you all along. But i guess this is kind of an extra extra help and absolutely up. So if people are interested in the backstory they can go to episode three a one. I kinda mcman hitting pause. go back. Listen episode was under the hood episode. This is kind of a apart sued that and so we'll just let you get right into to ask him questions. I'm excited help you. I think these are the types of things that can be helpful to the audience because a lot of times they have similar questions so whatever you have hit me up and let's see if we can help you out of this mess so you might be in. Well it's not really a mess just around. We're finally starting to make some money on bushy box. You know it took a lot of time figuring out all the supply chain and just everything ship in it. All the cost down but i put up chiappa five site and we're not getting any sale on shoplifting. Everything is Pretty much from amazon at sea or wayfair or walmart and all that comes from like organic traffic like people just searching long tail keywords and whatnot right but i'm wondering if there are any other i had had any luck with paid advertising any kind and just keep it simple and free bars marketing or for missing something.
Retailers drop My Pillow as CEO promotes false election claims
"Other retailers and yanking my pillow products from store shelves. HB along with bed, bath and beyond, Coals and Wayfair, stop selling my pillow products. The move comes after my pillow CEO Mike Lyndall, publicly sided with those who claim the 2020 presidential election was stolen from President Trump and reportedly met with Trump to insist on calling martial law. Early this morning,
Retailers drop My Pillow as CEO promotes false election claims
"Reportedly joining other retailers and yanking my pillow products from store. Shelves yesterday. H e B along with bed bath and beyond. Coals and Wayfair stop selling my pillow products. The move comes after my pillow CEO Mike Lendell publicly sided with those who claimed the 2020 presidential election was stolen from President Trump and reportedly met with Trump to insist on calling martial law. Longtime
Wayfair raises pay for all of its U.S. workers to at least $15 an hour.
"Went up to 13 50 an hour on New Year's Day for Wayfair workers, least some of the rates now $15 an hour, the Boston based home goods retailer, announced that new minimum wage for its workers across the US this morning. Just days after that increase took. In fact, spokesperson for the company says the change helps about 3900 of their hourly employees, either by lifting their paid $15 an hour or increasing pay rates for people who were already at or above that amount way for employees about 1000 hourly workers and an additional 8000 on salary on award from a magazine for a
Black Friday 2020 Sales Reports
"In store sales on black friday where fifty two percent lower than a year ago. That should not surprise anyone online. Sales were up big also not surprise. This actually did surprise me a little bit. Though jason online sales on friday in the united states made it the second biggest day ever for online sales cyber monday last year is the biggest all time black friday this year second-placed that might get bumped down to third place after this year cyber monday. But what did you think of the reports of black friday. Yeah i mean. I think you hit on something there in to today cyber monday. I think you're right. No surprise almond spending on black. Friday grew twenty one point six percent. That was a new record. It was around nine billion dollars worth of purchases that were recorded in the forecast for today for cyber monday this year. It's slated it's it's it's slated to become the largest digital sales day ever spending is forecast to reach somewhere between ten point. Eight billion in twelve point seven billion dollars that would represent growth of fifteen to thirty five percent from last year. You no surprise really there. I think to me what really stood out and again not surprising but still stood out. Because it's just pretty darn impressive was shop by shop by his stock obviously a lot of our listeners. A lot of our members and subscribers are all very familiar with in. It's been a good year for shoplifting. Is stock up around one hundred and seventy five percent. The numbers that day chalked up for black friday really impressive two point. Four billion dollars in black friday sales that was about seventy five percent growth from last year so clearly the investments. They've been making in business all along the way or paying off. And i think the thing the thing there is because we can sit there and criticize shop five for example oh it's overvalued or you know it doesn't make a lot of sense because the business doesn't make that much money yet that that may be true but these are the type of these types of numbers that will i think afford some time i think as long as they continue to record these types of numbers the market is going to continue giving it Some wiggle room there. We've seen it with amazon. We've seen it certainly with wayfair. I think i don't think it'll be different but there were some interesting numbers. There within shop of is report that i think are just worth noting average black friday cart price. Globally was just under ninety one dollars. That was up eleven percent from a year ago so people spent a little bit more in need thing here in this mobile world. We always talk about how mobile is really leading. Four mobile sales on black friday this year. If you look at the breakdown between mobile sales and desktop it was sixty seven percent mobile versus thirty three percent desktop in last year that was sixty nine percent mobile and thirty one percent desktop so the differences is marginal but it seems worse shopping on desktop this year for obvious reasons and so the data i think but yeah it all goes back towards this digital economy that we're witnessing in it. It's it's seems like it has a lot of traction. I don't know that we're necessarily going to be going back anytime soon. I'm glad you mentioned shop five because we have talked a lot about the big retailers like walmart and target in particular the investments that they have made this year for curbside pickup for delivery all of that but worth as you said pointing out the investments shop by his made and this is a stock that i do not own i. I understand both sides of it. It is definitely on my watch. List having pulled the trigger yet. But but i understand the concerns. I understand the around valuation the lack of profitability. And maybe that's why we've seen the rise that we've seen for target and walmart this year because those are just fundamentally. I think a little easier for people to wrap their heads around. But as you said. I mean what what is the future going to be. Is it going. is it going to be well. Wants to all this is behind us. We're just to start going back to the mall now. I don't think so it's going to be more online shopping and to your point more mobile shopping. I think you are. I think you're right there. I just continued to be impressed with wayfair for example the mobile mobile numbers that they continue to record are really impressive. And that's that's furniture. Man i mean like people are shopping for furniture on their phones in regard to shop applied. I think when you when you look at the future. I don't think it's going to be one or the other. I think we've talked about this before really when we talk about target and walmart i mean it really is becoming about omni channel right. It's just meeting. The consumer wherever the consumer wants to be met in the more that companies the more that retailers are able to do this They're going to be able to take advantage of the digital economy. They're going to be able to take advantage of people wanting to actually physically go to stores In so i. I think the future is going to be a little bit of both but certainly shop. A fi is keying in on their specialty. In and i think more growth is going to be coming in. Obviously bad digital space shop is is absolutely one of the companies dictating the development of that space so even even next year. When i think it's probably safe to assume that that we get a little bit more back to normal in and the the the in person shopping experiences a little bit less risky. We'll see people wanting to get out. We'll see people wanting to go to stores and have fun with that experience But but that that. I don't think it's going to really Deter people from shopping online. I mean hopefully. I think ultimately what i'd love to see just this whole black friday cyber monday thing. I really like the fact that we're stretching and just this whole month so it's not really about fewer sales. It's just about timing right. We're just stretching over the course of a month as opposed to really isolating on on individual days. I liked to see that. Continue to wear these concepts. These retailers are not just leveraged to a couple of particular days toward the end of the year. Just real quick before we move onto our next story on that point. Are you seeing this in your own personal life. Because i have in. The last week noticed that the promotional emails i get from different retailers are basically saying. Hey our black. Friday sale is gonna last for the next ten days. It's like the subject line in the email is black friday sale. And then you look. It's like oh this is actually going through december ninth. Yeah i feel like. I've seen a lot of that just anecdotally. I do feel like. I've seen a lot more of that. I think that's that's the right thing to do again. It's just it's a bit of a different time but hopefully as we've seen throughout this whole year this year has been an accelerator for change and a lot of good ways. And maybe this'll be one more thing one more change that will witness over the course of the coming years in the i think ultimately they'll be a
"wayfair" Discussed on Bloomberg Radio New York
"8%. Wayfair reported quarterly results that exceeded analyst estimates, suggesting the wave of home improvement inspired by the covert 19 pandemic is lingering way fair share. Ares. They're up now by just about 8.1% again. Recapping equities higher as some P up 62 up 1.9%. I'm Charlie Pellet. That's Bloomberg business Flash. This is balance of power. Bloomberg Television and radio. I'm David Western Equity and Debt markets have been trying to position themselves for what comes after the election today here to give us a sense of where they are at the moment is Abigail too little David, We're looking at a very much risk on tone. On election days, the Bulls are truly risked rushing in as far as stocks with the S and P 500 up about 2%. It's best day since June, the NASDAQ 100 is higher and in fact the best two days since early June, so after two down weeks, we have two big updates. This is actually pretty similar to 2016, which is interesting, in a way now. Also interesting. The vics that volatilities index It's down a little bit today. Some might think that this suggest that we could know who the next president, United States Is sooner rather than later that mix curve has been rising on the uncertainty. But today it is subdue the also the dollar down its worst day since the end of August and suggesting gave it perhaps that there's a blue wave positioned here in the markets. If we take a look at the yield curve, the 2 30 yield curve, we are going to see that it is steeping. In fact, it's been playing with levels that it was at since the end of 2018. The idea here is it suggests that rising inflation could come if Stimulus happens. So if there is a blue wave stimulus could more easily enter the picture. Also, perhaps supporting the idea that we're seeing a blue wave sector rotation. What we have going on is a move into the sickle and the value sector's out of growth and some of the more momentous sector such as technology and discretionary, which are on the bottom here over the last five days. On the other hand materials And thean dust rials. Those sectors we really have investors going into strongly, however, there's a ton of uncertainty out there. Theo S and P 500 over the last three months really stuck in a range between Let's call it 3200 on not quite 3600 but very close. This signals tons of uncertainty on the part of investors not just around the election. It's of course, remember the virus situation. However, historically David over the three months into the election, if the S and P 500 is higher that tends to support the incumbent. That is the case here for the S and P. 500. I think the biggest messages that we have, though, David lots of mixed messages, the market suggesting that the election the race could be much narrower. Then what the polls are suggesting, David OK again just what we needed a narrower election and we thought that's Abigail do little reporting on the markets. Sooner or later, we're going to know the results the election going on today, But investors want to be looking beyond the next few days to anticipate where the economy is headed and where investments will do better or do less well in the world we find after November 3rd No one does that better than Liz Ann Sonders, She's chief investment strategist for Charles Schwab. And we're now back to blue book. So listen, thanks so much for being with us before we go forward to what's coming up next. Explain why we're where we are right now, because equities of servant pulling back having a good day today with them sort of pulling back, haven't they? They have, and I think really, What we've seen in the last couple of weeks is no different than what we saw in the aftermath of the all time highs that were reached in early September, and there are a lot of narratives that play as to what caused the pullback during that three week period September and in the most recent pullback, culminating in last week being the worst since March, and a lot of those are the traditional I would say catalysts over causes. Maybe it's semantics, but I think it's more important to talk about the mess. Catalyst, obviously, election uncertainty. Obviously uncertainty with regard to the virus and the surgeon virus cases. What was uncertainty back in September now is simple knowledge that we're not getting a fiscal relief package, but I think There were catalysts for an environment that has become really speculatively really optimistic, And I think it was that sentiment environment that triggered the corrective phase in September and then the more recent ones than what happens in those the course of those few days or a few weeks is you get the market into a short term oversold and that sets up The possibility of abouts even if there's no obvious catalysts for that, so I think the strength in the last couple of days may actually time or to the weakness that preceded it. Versus any of these other catalysts, and I would agree. It's kind of a funky day today. It's not really a while. It's a replacement trade because you got financials and industrials at the top of the leaderboard but energy and materials at the bottom of the leaderboard, so it's not really a A defensive to cyclical because you've got cyclicals on the top end at the bottom, and I just think that there's a lot of rotation happening and churning. That's happening, at least until we have a sense of what happened. Well, let's talk about the rotation released what maybe rotation because we have what you call the Big Five because you point out there, not all tech stocks. People talk about sex. We've got Apple, Microsoft, Amazon, Google and Facebook. That had been leading away up and now they've been leading away down to some extent. They have and not really a few track on a year today basis on rolling daily basis, the spread between the Big Five and the other 495 within the S and P Tying to the same day September 2nd was the point where not only we had the major indices hit all time highs..
What Happens When Fringe Conspiracy Theories Become Mainstream?
"There have been a lot of conspiracy theories that we've heard about that seemed to be gaining traction this year such as q on wayfair gates debunked theories about covid nineteen et Cetera is this unusual or unique to twenty twenty or have conspiracy theories always been part of our society conspiracy theories of definitely always been part of our society. I know one paper I believe that came out in twenty fourteen looked kind of historically conspiracy narratives and there wasn't even a lot of evidence that they were increasing over time I think how quickly they spread certainly changed but they've just been a part of the fabric of our nation and the globe for a very long time. Do you think the pandemic has played a role in conspiracy theories or how quickly they spread? Yes. I definitely think pandemic has played a huge role, and in fact, looking at history conspiracy theories tend to rise in situations of immense uncertainty. Often you know with devastation or negative emotions attached to it. So conspiracy theories tied to global health crises. That has happened in the past and it certainly make sense that it's happening now right. So tell us more about how these types of theories begin and how long it typically takes or what we've seen in twenty twenty for one to take off I. Think these. Typically start on a small scale and kind of grow from there. But I think when something huge happens that changes our global changes, our society something like nine eleven or or global health crisis. The official explanations usually are unsatisfying. There's something called the proportionality bias where we tend to believe that big events must have big causes. So something random or something small is just not satisfying. So when we're faced with that dissatisfaction, a lot of people turn to a conspiracy narrative like, oh, that makes so much more sense because it has to be this elaborate big 'cause is and in terms of how quickly it spreads. I'm not sure if we have a great handle. On that, but with covid nineteen conspiracies, I believe one study found that like one facebook post one kind of Hashtag Trend, the film, your hospital trend that one post was massively influential and spread like wildfire. So I think they're they're taking on a new life rather quickly in society today. Yeah. That's a great point about social media and the Internet has probably changed the speed at which conspiracy theories can spread. Definitely, it's not just word of mouth anymore but you know if you have a twitter account that has even a couple of hundred followers and you share something, you've already reached a couple of hundred people an instant so you talked about trying to find. A reasoning when the official explanation is uncertain or not satisfying, let's talk more about that. Why tell us more about the appeal of believing these theories having it's kind of counterintuitive when you think about it like why would people turn to something that implies that people were plotting with nefarious intent behind closed doors like how could that possibly be more comforting than the official explanation and I think when piece that's comforting is it almost gives you a little more control. So official explanations. They tend to suggest that things can happen randomly you know nine eleven was planned and actually was the result of a conspiracy but it was you know from a threat that we couldn't really see or that we didn't know it was coming. If it was our government plan, it will maybe we can plan something to be more watchful of the government or more vigilant or. Something, like Cova da if it's you know five G. Cell Phone Towers, let's knock them down whereas if it just started, you know randomly from a mutation in China, like a genetic mutation or a viral mutation like how scary unpredictable Zad so I think there's an element of control and safety and predictability where you can kind of flipped the narrative and maybe do something about it.
"wayfair" Discussed on WBZ NewsRadio 1030
"And Wayfair, which have committed his signing onto the pledge and ensuring their employees know how and when to get tested. They are also announcing the city of Boston will be offering benefit eligible city employees. One paid our every 14 days to get tested during their Normal work hours. As of last Saturday, Boston's positivity, right sided 7.8% compared to 6.2%. A week earlier. The mayor's urged all residents to consider getting tested for covert 19 regardless ofthe symptoms. Five days now, until Election Day, and both presidential candidates around the road and they're in the same state. Florida is the center of the political universe. Today, both President Trump and Joe Biden campaigning in the Sunshine State, trying to lock down votes with just fine days into Election Day, President Trump won Florida and 2016. But polls consistently show a tight race. They're a new poll from NBC News Marist this morning she was biting with the slight edge 51 to 47 both the president and bite him. Old campaign events in Tampa. Karen Travers, ABC News Traveling with the biting campaign in Wilmington, Delaware. Massachusetts Congresswoman Ayanna Presley is on the road today. Campaigning in New Hampshire for the Biden Harris ticket as well as other Democrats, Presley says It's important that people get out to vote. Elections have consequences, and we've seen that the last four years. But this election states have greater consequences quite literally. Democracy. Our livelihood in our lives are all on the ballot. Presley is speaking to New Hampshire voters about what is at stake in this election. A deadly shooting in Franklin. Overnight, law enforcement officials are trying to come the nerves of residents war from WNBC TV Snake Giovanna Police say they found 26 year old DeAndre Akeem Scott from Attleboro shot in the chest inside this home off Elwood Road just after midnight. This is not a random act that party's appeared to be known to each other. Scott was transported to the hospital, where he was pronounced dead A short time later. It's a quiet street. For the most.
Khan Academy: Sal Khan
"Most of the products and services we've talked about on the show have been innovative or disruptive in some way. But some of them and you've heard me say this before have fundamentally changed the way we live I mean lift AIRBNB starbucks. Shop Affi-. wayfair. These brands have transformed the way that many of us shop and travel and work. But every now, and then a founder comes along that seems to want to do something even more ambitious, even more transformative like remember. Pat. Brown, he founded impossible foods to create meet out of plants meet. So meet like that even the most die-hard carnivores would want to eat it. Pat Wants to put a stop to meet production period because of the damage, it's doing to the planet and essentially and I don't think I'm overstating this. He set out from day one to change the world. But still. Pat Brown stands to make a lot of money from his company same with most of the founders who've been on this show and I don't think any of them are motivated primarily to make money but it is part of the story they make a product or offer service, sell it to you and me, and they also get rich perfectly fine. But what about someone who makes a product or offers a service that is equally transformational maybe even more so but makes it one hundred percent free To do that, you have to make personal sacrifices starting by earning a lot less money. which is just part of what makes Sal Khan. So incredibly remarkable. Over the past twelve years, he's built Khan Academy into a powerhouse, a massive online learning platform that offers free tutorials to anyone anywhere. And from the very beginning South sided, his academy would be a nonprofit that it should never be tempted to compromise on its values. But before he launched Khan, Academy Sal didn't anticipate any of this. He was just trying to help a younger cousin with her sixth grade math lessons at the time he was working for a hedge fund. But from those early days of doing one on one to toils sal gradually built a platform that offers hundreds of classes in dozens of languages. Nearly thirty million people use Khan Academy. Every month to learn math science arts even sat prep all four free and Khan. Academy has inspired the launch of many other online learning platforms, but many of them are for profit operations that charge money. But we'll get to all that moment first. Let's back up just a little bit sal Khan grew up in metairie Louisiana his mom was from India and his dad was from Bangladesh and the marriage ended when sal was pretty young. My parents. Had issues and so they separated when I was probably about eighteen months old two years old and then I had really never seen my father and I saw once four an evening when I was thirteen and then he passed away the next year so it was really might. mother who raised us as as a single mother. While was there a community of South Asian families in imagery? Growing up. Yeah my you know when my parents separated. We actually live with my young at the time they were in their twenty s, and so they all were kind of like father figures and almost like older siblings to to me as well and and a lot of ways they were not your stereotypical you know. Just come to the US study. Get a job save money kind of prudent immigrant story they were. They were much more embracing of New Orleans. Culture. And I would say they're the most new ORLEAN South Asians. You will ever find it in your life. I had a very colorful childhood. You know late night parties, people, singing, and dancing. For me it felt like a I remember my third birthday that my uncles got a belly dancer. I still remember Habiba you know So it was definitely a different type of childhood, but it was a in some ways a really rich one. So what did your mom do for a living? The first job that I remember her having she she was the person who takes the change out of the vending machine at the at the local hospital actually the hospital where I was born and she took me to work a couple of times 'cause she didn't have childcare and I thought at the time I remember watching her do that. I think it was like the coolest job on earth because you have the key that you can open up the vending machine and like quarters just pour out of it. So she did that for a little bit and then essentially was a cashier at a series of convenience stores is kind of doing you know one minimum wage job after another and then I was in high school she had remarried her my Stepdad at the time were able to. Kind of cobble together to get a a small convenience store in. Your book you write. Louisiana was as close to South Asia as the United States could get. It's spicy food. Giant cockroaches in the corrupt government which is both funny but somewhat true true. I guess right I mean. You grew up at a time when. Like David Duke was the. The representative in steel her. The part of Mary where we had our store, it was called seminole convenience store on Seminole Avenue, and it's called a parliamentary called on that was kind of the heart of David Dukes base. So to speak I remember in a right outside of our our store across the street was the largest David Duke for president signing I've ever seen and so it was A. You know the the folks who lived in the neighborhood who were frankly know Super David Duke supporters in some ways it was lucky. This is pre nine eleven They didn't really know what to make of my family at at the time We've had a few conversations I remember with people the store where they they openly told us that they were trying to decide whether we were white or the N. word to you know we were confusing them but you know growing up I was the only Brown kid in in the classroom. But I never felt in school at all like folks were in any way biased or racist against me. If anything I have to give the the school system to Jefferson parish school system, a lot of credit you know I think a lot of what I am today is because they gave me opportunities there were teachers that believed in me. I had a really good friend circle So so I have no. You, know I I don't feel like it was a a tough childhood.
RH Profits With Travel Spending Shifted to High-End Home Decor
"The company formerly known as restoration hardware. Honey Monster second quarter profits much higher than expected strong overall sales. And shares of RH are up more than twenty, two percent today in the stock sitting in all time high. Are you just kind of interesting because a lot of what we're talking about right now is people will look at revenue growth look at dooms growth in the quarter or all of these different companies and are each only increased revenue less than a percent. But the really impressive thing was like you said, Christie increase in their gross margin, they're operating margin and. They're not march and their earnings per share. So I think it's kind of a different look than a different response than we've been seeing a lot for these high growth tech stocks. This is more of a company that showing they have a lot of pricing power and they are growing in a less a way that we haven't seen very a lot recently. Yeah RH is. For anyone who's ever been in the restoration hardware you it's one of those stores you walk in. It's like. Well, it's it's clearly nice stuff. It's quality merchandise. Some of it is exceptionally pricey, but I think this. This probably goes along with the narrative. In the same direction as the narrative that we've seen in the last six months with companies like wayfair and Home Depot and Lowe's where. More people are looking around the homes that they are trapped in and saying all right I'm if I'm not going to go on a vacation I'm gonNA spend money improving this place that I live in. Yeah and that was called out in the share holder letter for this quarter, they talk about the elevated level of spending in the home. So yet the booming real estate activity accelerated shift for moving to your home. A lot of people are leaving the city's moving to the suburbs and then taken homebuilding trying to renovate to make sure their workplace is the best place they can have possible and because you're talking about it, I did spend a good chunk of my morning on the restoration hardware look book website, and I now want to buy a five thousand dollar couch. Well I'll be look I'd like to buy A. New Couch. It costs five thousand dollars in. That's why I'm just gonNa stick with couch that I have. The last check what's on craigslist for one hundred dollars? For the growth that this stock has seen and look, we've seen a lot of stocks you mentioned Zoom Zoom in this category, even with the recent drop over the past week or so Tesla, which started out the year at around eighty five dollars a share is still. Around I don't know this morning before the market opened it was close to three ninety. Restoration hardware is up roughly five times in value. Since late March, I, Know Cherry picking the bottom, but it's a reminder that it's not just the. Sexy tech companies that can have these kinds of returns. where I'm going with this Maria, is that for all of this growth restoration hardware and I can't call it h I'm sorry. This company still seven and a half billion dollar company. This is not huge. Do you think? This is still an acquisition target because it seems like sort of thing in the same way that people have said about wayfair despite wayfair growth. You know someone could still come in and make them an offer. Restoration hardware is. Not a very big company and it appears to be very well run, and as you said, they're really doing good things with their margins. I think it's a possibility. So wayfair is about twenty four, billion dollars right now I? Think it has a niche within the luxury market and that's what in their earnings call. They also talk about how they. Have elevated their shift to a luxury brand with luxury market with luxury margins at a higher pace than they anticipated and so I think that if you're looking to expand into this niche, it would be a really interesting acquisition target for them. They do in their letter also talk about all of their long-term growth plans and some of them are kind of lofty they're planning. To Open hotels, they have a luxury yacht called the h three that is available for charter in the Caribbean and the Mediterranean. So they have pretty lofty goals of what they want to be. So I wonder if they don't think they want to be acquired but I think if I was a company looking to grow into that luxury niche, this would be something I'd be considering.
"wayfair" Discussed on How I Built This
"And today we're going to hear from the CO founders of Wayfair near a shot and Steve Cohen. . We first feature Neeraj. . Steve on the show in April of two thousand eighteen and we just republished that episode. . It's near the top of your podcast queue. . You should check it out. . They have an amazing story anyway since we talked to them in two thousand, eighteen , wayfair has become profitable and despite anticipating huge challenges during this economic crisis. . Wayfair has actually done pretty well as people start. . To beef up their home offices, , I spoke neurosurgeon Steve About Wafers unexpected success during this economic crisis and how that's changed their business practices. . Let's start by taking back to sort of March. . How did you begin to plan for presumably the worst at that point? ? What were some of the steps you took, , Neeraj Yeah. . So obviously, , when covid started, , there's a whole lot of uncertainty. . We kind of decided a few things. . One was, , how do we keep our supply chain up and running? ? So we can take care of our customers. . So we implemented a lot of safety protocols that actually worked out very well because we're able to keep running and keep everyone healthy. . And Safe. . Second thing is from a liquidity standpoint. . We didn't know what was going to happen next. . So we actually decided to raise money. . So he raised five, , hundred, , thirty, , five, , million dollars in hindsight we didn't need. . But at the time, you , don't exactly know what's going to happen, , and so we did that we did that very quickly over two week period, , and so I think that put us in a in a great position, , and then we had a big scramble to get everyone productively working from home who was involved with the supply chain, , and so all of our three thousand people in customer service who corporate team, , and so there was kind of. . Like a bit of a of Mad Dash in the beginning to get everything well situated, , but we have eighteen and they they they really rallied didn't a fantastic job. . It sounds like you had anticipated that you were going to face a serious slowdown and that's why you raise the cash to presumably to help you through what you anticipated was going to be a slowdown down our worry was actually we didn't even know what the governmental regulations we're going to be my perhaps we'd be shut down. . You know we we didn't actually know government sending what was essential what was not essential there's a question at some points about perhaps the carrier networks won't carry. . Certain. Types . of packages, , not other types of packages and we knew so we didn't have answer, , but we had uncertainty, , and so we reacted to that and then the notion of a slowdown certainly was on on our minds. . Obviously what's happened it's quite different but more of a boom but we didn't know that at the time
How I Built Resilience: Niraj Shah and Steve Conine of Wayfair
"And today we're going to hear from the CO founders of Wayfair near a shot and Steve Cohen. We first feature Neeraj. Steve on the show in April of two thousand eighteen and we just republished that episode. It's near the top of your podcast queue. You should check it out. They have an amazing story anyway since we talked to them in two thousand, eighteen wayfair has become profitable and despite anticipating huge challenges during this economic crisis. Wayfair has actually done pretty well as people start. To beef up their home offices, I spoke neurosurgeon Steve About Wafers unexpected success during this economic crisis and how that's changed their business practices. Let's start by taking back to sort of March. How did you begin to plan for presumably the worst at that point? What were some of the steps you took, Neeraj Yeah. So obviously, when covid started, there's a whole lot of uncertainty. We kind of decided a few things. One was, how do we keep our supply chain up and running? So we can take care of our customers. So we implemented a lot of safety protocols that actually worked out very well because we're able to keep running and keep everyone healthy. And Safe. Second thing is from a liquidity standpoint. We didn't know what was going to happen next. So we actually decided to raise money. So he raised five, hundred, thirty, five, million dollars in hindsight we didn't need. But at the time, you don't exactly know what's going to happen, and so we did that we did that very quickly over two week period, and so I think that put us in a in a great position, and then we had a big scramble to get everyone productively working from home who was involved with the supply chain, and so all of our three thousand people in customer service who corporate team, and so there was kind of. Like a bit of a of Mad Dash in the beginning to get everything well situated, but we have eighteen and they they they really rallied didn't a fantastic job. It sounds like you had anticipated that you were going to face a serious slowdown and that's why you raise the cash to presumably to help you through what you anticipated was going to be a slowdown down our worry was actually we didn't even know what the governmental regulations we're going to be my perhaps we'd be shut down. You know we we didn't actually know government sending what was essential what was not essential there's a question at some points about perhaps the carrier networks won't carry. Certain. Types of packages, not other types of packages and we knew so we didn't have answer, but we had uncertainty, and so we reacted to that and then the notion of a slowdown certainly was on on our minds. Obviously what's happened it's quite different but more of a boom but we didn't know that at the time
Interview With Niraj Shah And Steve Conine
"So. Pretty much everyone we'd had on the show had a passion for a product that they needed to put out into the world lower American believed the world needed Lara Bars Jenny. Britain Bauer was convinced that her ice cream was gonNA change how people thought about ice cream even Jimmy Wales founder of wikipedia. Everyone should have access to free knowledge. But I'm here to tell you that that is not always the case. In fact, sometimes, the product isn't what drives the founders what really drives them is the challenge rather solving the challenge and that's basically the story behind wayfair neither Steve Konae nor near shopping felt that strongly about home furnishings but they did feel like people should have choices no matter where they lift because there was a time. When if you lived in say Evansville Indiana, you couldn't easily get the same type of Cool Coffee Table, or Sofa that someone in San Francisco or New York could get. And today we ourselves almost five billion dollars worth of this stuff every year. We're was actually the third company Stephen, Neeraj started together. They met as teenagers at a summer camp for math and engineering nerves in the early nineteen nineties quickly touch. But then almost a year later, if fate herself was watching over these guys, they both ended up as first years at Cornell assigned to dorm rooms on the same corridor. Did, you know both of you did the other one was going to cornell no end really kept in touch. So I think it was It was a surprise. Very much I was like, Hey, what's up? This past year. So were you friends like right away? Yeah. We were part of A. When your freshman year, you sort of have a small group of friends that you sort of connect with and spend a lot of your time with and we were in that group together and then junior year near started. We've got to be a lot closer and live together that year. Junior and senior we actually live together as well with it with a few other. People up at Cornell. Yeah, did you guys near to shoot you steve us to talk about starting a business when you in college I don't know that we have talked about it per se but our last semester at Cornell we took an entrepreneurship courses, one of our elective courses and in this entrepreneurship course, one of the things you had to do was create a business plan and what really happened is through the process of doing the project which is creating the business plan. We basically started our first business. Yeah. It was ninety five and it was very early as the netscape browser come out that year. Our idea was actually to develop Internet. Directory Services, and we would go downtown New York and try to pitch companies on paying five Bucks Avenue Listing I in our Internet directory. Of course, most people look at us like we're nuts a few would say, hey, that's interesting. But I I don't even have a homepage called at the time. Could you help me build a website and you know maybe at least get present on the Internet and what would that cost me and so the business turned into kind of an Internet consulting business that built sites for companies, and you kind of knew how to do the basics because you were engineering students exactly. So you'd go from project to project and Comey's were to move very quickly. You know different people would ask other people in your who could be higher so on. So forth, we were one of the few shops that actually done things. When you would meet when you guys are going meet with clients. Did you ever get a feeling from any of them that they would look at you and think late these guys. Fired A twenty two year. Old Kid. You know we did we both were pretty good sales guy. So I don't I don't remember that being snacking me too hard. I mean I I think that you know the prices were charging versus what they would be looking at consultancies I think a lot of these bigger shops looked at it as like. Play money where they're kind of like. Well, whatever how bad. Kimiko. With a couple of college students here are doing this for us if it works out phenomenal if it doesn't work out, you know whatever we haven't really we haven't really lost a lot.
"wayfair" Discussed on Biz Talk Radio
"Investors with the crowd is just on his way here, boy With very highly recommended, you're gonna feel better if you talk to her. So let's stick with markets. Look at me. I get complaints sometimes, Gary a little too much politics. What do you want? A little politics? Come on, Stop. No more market. Still more markets. Come on. Come on. Come on. All right, so he I do want election? No. You know you had some of these companies that do a lot of online stuff. That I was watching this stocks keep going up, even though they have huge losses. I'm thinking to myself. What is going on here? Is this just the stay at home stuff people doing this and I gotta tell you, Wayfair. In the 3/4. Before the one that just ended in reported A loss of $2.23 a loss of $2.80 a loss of $2.30. Sales growth was good. 35 26. 20 So is decelerating. This quarter that just ended you ready for this? Sales up 84%. Earnings. They went from a $2.30 lost the quarter before to a whopping $2.88 profit per share. What the company says, by the way they sell online. Furniture, home furnishings, the core goods. I have this website Wayfair dot com and all modern dot com. You know what they said? People buying the hell out of crap online..
"wayfair" Discussed on That’s Strange
"Don't remember what year. But re a recent change, and they said after that happened everything was everything was down. Yeah, they're hiring younger and younger people to manage the place only because they were cool people that wanted to hang out with right right. Yeah, so it's Kinda like maybe this. Also in a way was a good thing because it shined a light on for them kind of like a wake up. Call like okay. Maybe we need to start doing things a little absolutely, and and maybe we'll see new fair. Yeah, maybe we'll see another amusement change. Everything goes back to the way. It was before I didn't even know that they were furniture right right exactly. Never even had even heard of wayfair until two weeks ago, so yeah, so it was like okay. Yeah, so it's now. It's literally name right exactly a not for a good reason. You bought your couch and everybody's buying couches because. So so really what what we want. Kind of say towards the end here is, is he just? Kinda got a not look at things. For their surface value gotTa Kinda deep a little dig, a little deeper into things and some things you're gonNA fall down a rabbit hole of and you're going to be on the hour. You're going to be on the Internet for probably hours researching stuff and some stuff lanes less. You kinda hit whole pretty quick. You hit the bottom of the whole, pretty quick and. I. It's not always not always like that for sure and we're going to get into that. We're going to get into a lot of a lot of other. Things that are. Not just controversial stuff. I mean the the the reason. The channel is named away at it is kind of generalize is because we are going to just talk about anything that we want pretty much in terms of you know just just weird stuff that we find it. And once we get. More and more listeners we'd. We'd like for them to you know, send us. Yeah, right unless what you think, tell us. You know if you find something on the Internet, and you want to hear. It talked about with exceptional audio. Then you know, just send us. A message in will will will figure it out. We'll work it out. We'll do some digging and. And Make you famous by shouting you out there you go. Yeah, I mean I I know we WANNA get probably into a lot of conspiracy, but it's not the only thing we're gonNA be doing on this channel because I know that you talked about the what was it? The tomb civilization and we wanted to talk about the crip Chris Sale is Asian. Yes so so. Not to be opened until the year eight thousand and some change. Yeah, WE'RE GONNA. We're going to do research on that. got a lot of other things often in season one is going to be. Pretty, interesting! Yeah, absolutely. For sure so. RMN YOU WANNA wrap it up. Wrap it up there and. We're like right at forty minutes. Now. Well thanks for listening and I hope you enjoyed it like I, said you know you can. Send us a message on twitter underscore. That's strange and chat with us. Tell us what you thought. Get some ideas for future episodes and we'll see an excellent later..
"wayfair" Discussed on That’s Strange
"Right right. So also. Now so wayfarer! once this gets on read. It kinda takes off last week. wayfair decides that they're going to pull these items off their website. In a completely pulling down notch just. Put Him out of stock or anything that completely took him down and they made an official statement. I'm GonNa read the official statement right now. Sure does recognizing the photos and descriptions provided by the seller did not adequately explain the high price point. We are temporarily removing the products from the website to rename them and provide a more in depth, description and photos that accurately depict the product to clarify the price point. So I. I mean I. Don't know if they're backup backup there now, but at. At the time that was looking at this stuff it, they weren't on their. Plan. I mean there's plenty of pictures all over the Internet. If if you really WanNa, go for him. I'm sure you can find pictures of them. And if you haven't seen right if you haven't seen, Mardi. In, and it's not just the. It's not just the cabinets to. It's the land. Tonight! It is equal sorry. Started I it's its calendar type partner. So it's not just the cabinets that are expensive. They have a bunch of. What seems like absurdly priced items on our website by pillow pillows ten thousand dollars. Pillows are ridiculous. It's like if you're gonNA. If you're if you're okay, let's say let's say that this is true. Let's say that they really got caught. And and we're just speaking. Hypothetically you know until proven otherwise, so let's say. It's true and they picked pillows. I mean you you. You have tons of furniture. You have like all the furniture. You could possibly imagine on this website throughout your other companies, and you're like Yeah. I think cabinets and pillows so that you know the the girls can sleep on the pillows, right? Obstacle. That was good I was..
"wayfair" Discussed on That’s Strange
"Extremely? High prices listed with girls, names and identical units setting for different amounts. The suggestion being the actually, this was about trafficking young girls. Said there, of course, no truth to these claims. This conspiracy spreading! Around the world. Welcome to that strange where we dive deep into the Internet uncovering covering just about anything that we think is. Pretty Weird strange, sometimes controversial and makes you think I'm Alex. Hilton joined by my good friend Chad Kinsey on today's episode. We're GONNA be talking about the wayfair scandal and what's been going on? We're a little late in the game, so we're GonNa talk about maybe some developments as well and just some of the things that maybe people aren't really talking about. WE'RE GONNA go ahead and get it started which at so I'll start just with the. Wear the allegation originated. SHERP, so it was a red host was posted on July tenth by Princess Peach Nineteen Eighty seven. Pulled up here and it says. Is it possible? WAYFAIR is involved in human trafficking with their W Fx X. Collection. Or these extremely overpriced cabinets, and then it's got a picture of. Four cabinets from way fares website that range anywhere from fifteen thousand dollars to twelve thousand dollars arrange which is. Absurdly expensive cabinet. Okay, yes, pretty right so then in front of each. Of the cabinets. There's a various names. and..
"wayfair" Discussed on WIBC 93.1FM
"Buying things from waiting at Boycott Wayfair before we even know they haven't even responded to these crazy allegation is probably a very reasonable explanation. And now all of sudden wafers getting canceled. It's out of control. It is out of control, whose ex John John John, you are on with the chicks. Hello. Hey, John. Good morning, ladies and Robin. I enjoy yourself. Thank the thing I would point out as we are in a war and the left their collectivist they hang together. Conservatives were independence. It's hard to get himto Tio Tio hang together. But if we don't hang together in flight, these people and if we lose this election this award this war could turn very hot. And I think it's incumbent upon us to band together to fight these people because they are they are bad or worse than the Nazis and the Communists. And I'm not kidding. And I have to tell you I love the cold. I always have. But I'm gonna have to deny myself the NFL and I don't like to hurt myself. I don't like to point that gun at my own head, but to be honest with you, there's something it's going to take a stand and fight. I totally hear you. And I wish I had that same kind of self control. Yes. Yeah, She wishes she could stop using Amazon, right? Because a whole bunch of people are mad about the blue lives. Murder? Yeah, sure that Amazon was selling with. Absolutely no shame that Yeah, it's insane. I can't. I can't quit Amazon. I have no problem with you. I have no problem quitting the NFL. I'm right there with you, John, but you, but it's not quitting anything for you. That's not it. It's not to give up, but I could do it. That's the thing, though. Like it be asking me to give up something I truly truly love. That's what he's saying. It's a It's a big ask, ask. Thank you for waiting in. Let's go to Josh. Josh is that you are on with the change. Good morning morning. I gotta concur with the previous caller about losing this election and with the cancel calls here and things like that in the boycott. Because we can't speak up openly without being Oscar side, right? Well, the way the way to beat this is to relax, Donald Trump. Wear down to clown with that idea, And then also and also, Yeah, and also I think, you know. Listen, if we're not openly boycotting you, Khun get people in their pocketbooks. You know, I mean, it's you, Khun, stop engaging and buying some of the stuff like, Listen, I may not openly boycott Nike, but I don't buy their crap. And so I'm one of those people who I'm not participating and You know, buying their stuff. And so if their stock does go down a bit there, revenues do go down. I'm partially responsible for that..
In push for normalcy, industries, nations test the waters
"With meat packing plants around the nation struggling with Kobe nineteen several retailers are taking measures to deal with potential shortages cost goes temporarily limiting sales of beef pork and poultry two three items per customer Kroger which also owns the Ralphs and Harris teeter is limiting purchases of ground beef and pork financial services provider Stevens estimates eighteen percent of Wendy's locations have stopped selling their signature square burgers on the upside Wayfair the online furniture seller says revenue jumped twenty percent in the first quarter and demand continue to rise in April hi Mike Rossio
In push for normalcy, industries, nations test the waters
"Hi Mike Rossi a reporting issues at meat packing plants are starting to be seen on the retail level with meat packing plants around the nation struggling with Kobe in nineteen several retailers are taking measures to deal with potential shortages cost goes temporarily limiting sales of beef pork and poultry two three items per customer Kroger which also owns the Ralphs and Harris teeter is limiting purchases of ground beef and pork financial services provider Stevens estimates eighteen percent of Wendy's locations have stopped selling their signature square burgers on the upside Wayfair the online furniture seller says revenue jumped twenty percent in the first quarter and demand continue to rise in April hi Mike Rossio
Wayfair shares rocket higher as coronavirus-related store closures shift more demand its way
"Let's kick things off with wayfair the home furniture and home decor ecommerce retailer. Sheriff of wayfair twenty percent on better-than-expected revenues. Now Jason They are doing a big business in office furniture perhaps not surprisingly and cookware. Now they reported twenty one point one million active customers. That's up twenty nine percent from a year ago so that all sounds good and so. It's a bit surprising Jason for I think a lot of people when they discover that wayfair is actually losing money. So unpack all of that for us. Yeah I mean well this wayfair. Losing money is not really anything new. That's what they've been doing pretty much ever since they've been in existence but it's all for a longer term goal. I think certainly we're seeing a time like this is shining light on the advantages of the market of waivers pursuing. They aren't close for business. A lot of their competitors are in and they will be for awhile and when they reopened their competitor is going to be very limited to the traffic they can take in and they're going to be limited by the willingness of consumers to constantly go out in shop for furniture in the house and credit spaces. So you know. We're we're definitely seeing a lot of a lot of the tailwinds that are coming into play for like wayfair but to go to those numbers that you were talking about at the beginning there. I mean across the board again. The metrics that matter continued all head in the right direction so total revenue of two point. Three billion dollars up nineteen point eight percent from a year ago gross margin actually ticked up seventy basis points from a year ago. And that's important. Because the shipping and fulfillment costs are included there in that gross margin and. That's one of the bigger challenges for business like this active customers. Twenty one point one million versus sixteen point four million a year ago. Orders delivered nine point nine million up twenty one percent from year ago but the key metric here and the one we talk about every time we talk about wafers earnings repeat customers play sixty nine point eight percent of total orders in the first quarter and that compares to sixty six percent from the first quarter of two thousand and nineteen that the reason why that matters costs a lot of money to acquire those customers. Okay once they get those customers in they want to keep selling those customers more stuff and so the more they can get those repeat customers. The less they have to pay for those acquisition costs in down the road that ultimately results profitability for the business. There there yet but they're certainly getting closer. Okay I wanNA talk about another metric and that is the stock. The stock chart for Wayfair is just amazing. I would encourage. Everyone and I don't think I've ever done this on the show but I would encourage everyone to look at the year to date wayfair stock charts so at the beginning of the year in January Jason shares around ninety three dollars by mid-march Sheriff down to twenty three dollars which was around a five year. Low K ninety three to twenty three now seven weeks later shares or at one hundred and sixty box. How is that happening? What is going on with the stock that goes from twenty three to one sixty and around seven weeks? I mean you're exactly right. I mean it's been a phenomenal ride in a very short period of time. I think there are a lot of factors at play here primarily so I think when you looked wayfair we think about before. Even the corona virus concerns. Okay if we go back. Even pre cove in nineteen wayfair along with a lot of other companies they were dealing with. You may remember those China trade issues that we were batting around the headlines Seemingly every day and that was something for seemingly I think around eighteen months or something so they were dealing with that China trade problems and that matters because a lot of wayfair supply chain really does come out of China so that was a headwind then the beginning of the year. Obviously the corona virus concerns developed in. We entered this bear market in that. Killed Everything wayfair notwithstanding. I was really where you so wayfair. Just get shellacked now. We're seeing not only with the results of the companies turning in but the general markets turn. It's clear that actually wafers market opportunities. It's accelerating and that kind of goes back to what I was talking about before with all of their competition. A lot of their competition is there are closed for business right and even furthermore when they reopened they're going to face myriad challenge just to get business back to the way it was in so I think along the way here wayfair decision pretty good things I mean they. They raise some capital. They were able to pull on some money from some investors to strengthen up their balance sheet through a private placement. They did have to let go of some employees. I think somewhere in the neighborhood of six hundred people or so now. That's obviously not good for people losing their jobs but ultimately for for a business that was arguably bloated it rights is the business of the business and then I think finally going to the results. Today there were some key points that management may may call that. I think really leading to some of the enthusiasm. The one thing that stood out to me. They said I'll read this quote to you. They said I quote. Starting IN MID-MARCH. We saw pickup in both traffic and conversion with increasingly strong repeat behavior coupled with acceleration in new customer orders in. So that's like the opposite of everything women hearing to this point. We're hearing about how businesses were doing fine in January and February and then march business fell a cliff way fares basically witness witnessing the opposite
"wayfair" Discussed on WMAL 630AM
"Amazon Wayfair and other etailers I'm in case tracking your money does know the Dow's down six hundred thirteen points the S. and P. five hundred down eighty five the nasdaq down three oh three WMAL traffic and weather next this is what's going on mornings on the mall nine AM I cannot be the only person thinking this right now everything you need to start your day the latest forecast access and the lease and the stories behind the headlines you all bring them down mornings on the mall with Mary weekdays nine AM this is leave on while five point nine FM Washington's mall W. M. A. L. E. X. P. realty hi everybody this is Brian Wilson in the hybrid agent where we sell homes for a flat fee of five hundred dollars up front and just half percent commission at closing technology is driving down real estate commissions in fact over ninety percent of all buyers are finding their home online before ever talking to an agent so don't be the last one to pay six percent commissions check us out at V. hybrid agent dot com real simple real savings real results that's the hybrid agent dot com wash your hands avoid sick people and touching your face there are everyday actions to help prevent the spread of respiratory diseases visit CDC dot gov slash cove it nineteen brought to you by the national association of broadcasters and the station WMAL traffic and weather here's the first short in the hygiene carpet cleaning traffic center aspen hill area south on Connecticut Avenue is still closed between Georgia Avenue in aspen hill road because of the earlier accident involving an overturned truck southbound still.
Positive Trends in Retail for 2020
"So we are a few days away from the drive conference and everybody here is very excited. There's a lot of stuff going on. But we want to take some time to talk about websites and talk about how the last year has been for retailers and interestingly enough my guest today Dalton who you all remember from the last market addition had some interesting feedback. What clients were saying? We wanted to just hop on here. The podcast and talk about that. Hello so I would say some of the feedback that I got in the first quarter here. Twenty twenty was that twenty nineteen for lottery. Taylor's was not a great year so it was a pretty tough year. Are they saying why like what's making them feel that sentiment so a lot of them is just volume of sales? That's pretty much as they set a gold in nineteen and they maybe didn't hit it or they just missed it or some people miss a lot. Right obviously he's retailer. It's different you have different factors but across the board. It seems like the industry kind of missed the mark. A little bit Twenty twenty the feedback. I've already gotten is that. They didn't adjust their twenty. Twenty numbers to you know. Bring them down based on two thousand eighteen th performance if anything they they're overshooting for twenty twenty to make up for that and they're very optimistic they're going to hit it and that's mom and POPs. That's you know retailers with thirty locations. That's everybody in between everybody's really excited for twenty twenty. I think there's probably a couple of factors that play into that but by and large it's a hopeful industry for this year. Yeah found I think the same things happening on the manufacturing side. We're hearing from lots of different types of manufacturers who were looking at investing for twenty twenty and that seems to be the theme of look. We couldn't control what happened in two thousand nine hundred tariffs happened. It was a thing that changed everything for everyone and basically production of new and innovative. Things stopped but it seems like we've had the time to breathe. Everyone has done their over-correction from tariffs and now they're pulling back to now. We have to get on the ball. Yes that sidetracked is for a little bit but now we're on the ball and I think it's interesting that typically trends don't show our industry taking big leaps in election years for example we've got economic uncertainty. The Corona virus is causing markets to. We were just talking about this before we started. Recording markets are fluctuating. And there's small states of panic and yet the furniture industry continues to feel optimistic. So I think that's I think it's a good point. I think one of the things he said in that as important as I think the trend for twenty twenty the reason that people are optimistic is. It's not so much that a blind sense of optimism is the fact that hey we went through it and twenty nine thousand nine hundred and you know. I'm not going to let that happen again. In Two thousand twenty. So what can I do? What actions can I take? Change THAT RIGHT. So whether it's people that you actively put off getting website or into digital marketing and the back six months two thousand nineteen because business was bad. Now it's twenty twenty. You're wiping the slate clean. You understand that. Hey It's already been three months like we're already in the march. That's what's happening. It's time to get going for twenty twenty if you haven't already so I think that's that's an important thing is that you'll maybe we got hit in the mouth and industry in two thousand nine hundred? But we've readjusted our prepared to fight back with it and especially with some of the stuff you know like you said that. Corona virus tariffs last. Year was a terrible time for everybody. I think by and large people understand that at the end of the day. What'S GONNA MAKE? Your store successful. Is You having a plan that works for your market and you enacting that plant being frozen being frozen being you know just doing what you did last year probably is not gonNA work this year? You have to do something but I think people are. Ready are more ready to take that that step? I think it's interesting. Something you said looking at their own market. That's something I feel is different this year than every other year. The optimism is. Hey I'm not trying to compete with wayfair. I'm not trying to compete with Amazon right now. I'm looking at my local targets. Who are my actual. Oh competitors it might not be the guy down the street because he doesn't have design services. I think it's interesting to see that. They're not only optimistic but they're focused. Which is in a again in a year of uncertainty. That's incredible to see. Are you seeing any trends of will? This is the thing that they're focused on. Are they focused on advertising budgets? Are they focused on increasing their brands or maybe expanding their showroom or the website? What is the thing you find about? What I'm finding is finding redesigning the website or at least making significant changes to your website. I think that's a big one and then I think the other one is digital marketing. Because you know what I found has been doing this. There's a lot of businesses a lot of retailers ESPEC- specifically in the furniture industry that they set up a website and it's just their website and they don't touch it for years I've had more conversations in the first three months this year people saying. Hey I haven't touched my website in a long time. I need to change it than I have in any amount of time here before right so I think the consensus is you know again. Feeling the heat from last year. They're looking at it and saying well something's gotTa give why not this website. That's been stale for ten years. Now let's change it. I think that and then I think the other piece of it is is definitely the digital marketing side. So I think there's a lot of retailers that you know maybe had too much of the panic of Amazon here way fares said overstock dot com like the all. These places are going to just run me out of business and I have no prayer but I think you know going back to what we just said. Once they realized that sure Amazon wayfair national. They're huge if you're trying to toe to toe with them you're probably not GonNa win that fight but if you're going to focus on your town and your physical brick and mortar in your town which is an advantage that you have over everybody else and all those other etailers. I think when people focus their efforts there and put their advertising dollars into their market their delivery area. Right all that kind of that. Kind of local hyper local. Focus to help them a lot and I think they can actually expect to get a better return rather just worrying about our Amazon everywhere. I gotta find that. Don't don't fight. Focus on winning your local market. First and foremost. It's taking a concept. We talked about last year. Brick and mortar is not dead. And it's definitely a thing that's happening in this year but it's taking that concept and putting the reality behind it of hey guess what. I do have a brick and mortar store but that makes me more powerful than some of the people who have been competing with Ken Witter who's talked about this on the podcast before? He's doing a session at Dr Conference. Shameless plug and in part of it is discussing. How look to see the companies that have been etailers that are now creating brick and mortar experiences because brick and mortar is succeeding. Where online is failing. So I think it's interesting to see that concept play into reality here. I think is huge. I think even to that point I. I can't tell you how many retailers had no idea that like wayfair and Amazon are looking at brick and mortars had no concept until they talk to us like myself included. What was the response to that kind of shock and awe? Everybody was kind of wait. What and then as soon as they realize if they pull out their phone they start looking it up to make sure I'm telling the truth. And then when they realize that now you're lying for lying just drama right. Yeah No. I'm I'm telling the truth and they'll look it up and realize it and then as soon as they do okay. So what would you recommend right? And I think that's an important piece that you know a lot of times. I think we try to be helpful like I myself every single day. I'm talking to you know tens of hundreds of retailers. Trying to help people trying to help figure out what's going to work best in their market but having that looming you know Amazon. Wayfair that all men. They're starting to get stores to having that become a real presence to them. I think that's it's powerful. Because then they realize I've had. I've been here for fifty years. My Dad owned the store before me my Granddad for him right and I think that you know just makes it more real for them that hey I have a stake in this and all these other companies wanting to get already. What is your advice that you give people? And what would you give to anybody listening? Who maybe feels that optimism but doesn't know what to do with it. What would you tell them with optimism? You don't know what to do with it. I think you make a plan right. Optimism is great but optimism about action is nothing absolutely so I mean. Be Happy about what? You're what you're expecting but I would say if you have internal things for the store your stores or ship. You're going to handle that right if you need a higher sale got whatever you need to do internally the very next focus once you have the internal set aside and taking care of is does the website right and there's a clear distinction here and I think last time I mentioned this lightly but there's a clear station between your website and your marketing for your website and a lot of people that together and that's very different because your website is the only version of your store. That's available twenty four seven three sixty five. The lights don't go off and that's huge right whether you do ecommerce not who cares if you have something online that is representative of Your Business. Twenty four seven fantastic and it looks good right so handle upside now the marketing for the website as another piece right so in order. Take care of your your store take care of your house. It was a phrase. I've always heard my whole life taking your house. Your store right. Take your website. Which is the online version. Your store to twenty four seven version and then take care of your marketing
Pier 1 files for bankruptcy protection amid online challenge
"Online retailers like Wayfair an Amazon have provided tough competition for peer one last month it announced four hundred fifty stores would be closing here one was founded in nineteen sixty two in California where it made a name selling incense bean bag chairs and love beads the selection is changed into twenty eighteen presentation to investors the company acknowledged shoppers thought its selection of home goods chairs and pillows is outdated and expensive steps were taken to streamline merchandise improve online sales and bring in younger customers it's been an uphill climb pier one says it will pursue a sale I'm a Donahue
"wayfair" Discussed on The Python Podcast.__init__
"And then in terms of the projects that you have worked on and Built up what are some of the notable successes and what are some of the cases that you've run into where you ended up having to abort the engagement because of either issues at the technical level organizational push back or just a poor team fit. Yeah we've we've had Quite a few wins. We think that this done somewhere. Between twelve and fifteen of US engagements a number of them have exceeded even exceeded the goals of the engagement. We were into like Stretch goals by the end We've worked on systems ranging from computer vision our for our pricing systems. Finance we have a lot of our search tech is python. We've worked in that space There's a there's a pretty interesting prom from around like how you actually move products to customers houses. And we've we've worked with that and we've recently even built out systems that are part of a pretty critical workflow. The the order processing pipeline actually takes completed order and does all the necessary things with it. So we've we've worked with quite a few I would say there's there's actually only been one engagement where we ended our we And that was that was one where ultimately the team that was as we were supposed to pair with wasn't They were stuck working on a different project and weren't able to To engage and every WANNA think about the priority artist these engagements We explicitly set them as fighter. Number one is Transform the team in some way so make them more comfortable working with python technology. or You can imagine like some type of behavioral change that we WANNA stick past the engagement that I is probably a number one number two is actually like effectively hitting the project goals in that's very explicitly ordering that way because if like if the if the auxiliary engineer is just taking on all the hard work themselves. That's actually not like frustrates failure. That's not gonNA actually have a lasting impact on the team The way we would want so we we we made in this case. It's it's important that we kinda like pull the ripcord because we're ultimately not able to hit number one. If no one's they are working with us on the project another thing I'm wondering wondering about is if there have been any common patterns as far as the groupings of languages that the teams you're working with have you've been familiar with and if you have seen any patterns as far as language camps that have refrained from working with you because they're happy enough with their own feature set and and they don't feel the need to explore python. It's a really interesting question I haven't. I don't think I've actually thought about that before. I don't. I think we see a pretty broad mix. I think maybe if I had to I. It's really hard because at the end of the day. PHP very prevalent language at the organization. So we do see a fairly large urge number of PHP APPS who are like maybe switching to python for something. But that's that might actually be a proportional to how much is used So I I don't think I have a great answer there but I do think it's a general mix and we haven't actually at least not to the point where we've said. Oh people who are using dot net refused to write python. Nothing something like that has released stood out at any point for us. Another thing that I'm curious about is because of the fact that you're working with people who are familiar with all these other different languages is if there are any design patterns or lessons that you have brought back into your work in python and your team's work in Python as a result of working ching with those other teams and some of the ways that they approach technology and system and software design. Yeah I think so from a software system Kazan perspective. Nothing jumps out I am that doesn't mean that that hasn't happened but it nothing's coming to mind off at the moment but I definitely say we directional knowledge share when we're engaged with the team we we learn a ton from the teams especially around our own platform and and I'm sure we we consider it a goal to absorb best practices from teams. We don't view ourselves essentially coming into the team as some elitists is actually some attention behind why we call auxiliary engineering a and avoid some of the names that tend to imply supremacy even implicitly. So yeah we're definitely looking for like what we can learn what we can learn from our platform and then how we can spread those best practices to maybe the next engagement or to ourselves. And I know that's happened quite a bit The ones that come to mind are largely around you know we we've identified some some rough patches that we weren't really fully aware of where it's every worker the team and they're like. Oh Wow you know get getting up and running with this. One particular thing was was a lot more difficult than we would have hoped we hear that a retro and we really encourage that type of feedback because It's impossible for us to see it for the first time lime. And so when someone tells us that we can say oh great feedback. And then we can prioritize smoothing that out and we definitely That becomes a huge factor. Turn how we set our own priorities and goals and so given the fact that you have been using and working on building with python and encouraging the use of python. Oh I thought wayfair for a few years now. Curious how changes in the language and ecosystem of Python have changed the way that you approach it as a team and also how the overall usage of Python wayfair has evolved over that same time period. So I think when we first got started you know there was just those a handful of applications that we were supporting their their the twelve or so and one of the things that we leaned in on very early was dock is like docker call doc rise develop environments DOC RISE CI pipelines. The applications themselves ran on a VM in production But we wanted to make it easy easy for people to develop locally and we decided like docker was one of the best ways to make that development environment fairly reproducible Easy to engage. That actually positioned really well to you adopt Cougar. Daddy's early on we started to explore. I Language to get into Kuban ideas and From when we started I bet to. Today we went from being the first to having over one hundred fifteen python services running in Kubilius and So I'd say like we've seen the awesome grow tremendously. I don't remember how many people were in the python help channel. You got started but I remember looking at this just the other week it was. I think over five hundred people it just in that channel and that's a channel news for like asking other teams that are using python help questions in general Just getting like Kinda Cross Cross team guidance or opinions on things so we've seen quite a bit of growth. It's it's been really exciting pressing for any other organizations or companies or groups who who are interested in building a similar type of team or organization to encourage the use of python educate other engineers. What are some of the lessons that you've learned in the process or tactics that you found to be particularly useful or helpful or any other advice that you might give? Yeah totally. This is a great question In retrospect there was a lot of pitfalls we tried to avoid that I think could like sabotage teams effort as they try to navigate this First of all I think I I get the impression that there's a lot of companies that have probably had some python week into their ecosystem just because of the the data science traction that Python has has an like at some point you have to learn how to production is that python becomes like maybe a pretty easy path to go down Select I million about. There's a lot of organizations. Is that like already have a little bit of Python and similar wayfair for years ago to figure out. Okay what do we do with us. We don't do this properly. I would say this'll be my guidance. Every ecosystems uh-huh systems can be different. And what you WANNA do is in. My opinion. Don't sit on the sidelines. And trying to think of what the perfect solution would be going just work with the teams firsthand and see where they're struggling. take that to heart and try to make that easy To figure out how you like build some advocates both on the engineering also on the product side when they see like python being used to maximize at strengths which I would argue. If someone asks me personally why use Python I think python has a great story three of being like churry might not be the most performance language and languages via straight up benchmark but python is so fast to get up and running an eatery very on if you're if the speed to market is at all a concern I think python becomes an extremely strong option If someone asked me very a personally I generally say that like someone someone has to convince me. Why not use python because it's just so such a general purpose language and there are plenty of use cases where it's is probably not a good fit but I wanna see that case made before I personally jumped for granted I'm biased? I've been playing with python since two thousand six or so so but it's a It's such a strong language. I think there's a lot of organizations that will find that very appealing. My final advice would be make sure you View the team as never dependency or GI keeping team. You're the pave roads and help other people figure out how to become more effective In fact if you become a dependency at any point There's a serious risk that you will become swarmed with that that type of activity and you actually become incapable of moving forward in the platform. Let's say if you had everyone come through you before they like went out to production or something like that like that backlog would build build up really fast essentially and you're spending all your time doing those activities instead of actually automating in an innovating on things and are there any other aspects of your work on the auxiliary engineering team or your experiences of helping other groups within wayfair learn and use python that we didn't discuss yet that you'd like to cover before we close out the show. Yes so there's I would say there's one one thing that we did. That was pretty cool early on. You can imagine a world where you have dozens dozens and dozens of teams all. Maybe a couple of people doing something with Python and early I felt was really important to bring all those teams together. All those people so using python at wayfair together and build a sense of community I think Python in general at least if someone is involved in the community it tends to tends to be very welcoming being supportive and I I find that that That trait also leaks onto the people who use python at work But when we did is we created an Opportunity Virginia for teams to just come together and share what they were working on in Python and then we gave out a bunch of bugs that were co branded with like a python logo wayfair logo little gimmicky. But you'd be surprised. I think how those mugs became a pretty sought after item where people would kind of like see it on your desk and know that gone awesome doing something in Python and there you go and talk to them so I think there's a lot of times opportunities to build that community especially if something is really dispersed they are in usage throughout the organization. And not like. There's like a center of excellence all ready for it so thinking a little outside the box about stuff like I think it matters and it really helps So we saw become really successful. We actually talk one point. Someone like trying to figure out where the mugs came from an offering to like by someone for buy it for ten dollars and we had a rule. Like if you want to talk to us and we'll give you one but yeah definitely like try to find a way to build a sense of community. We did that it. It seems ever paid a lot. Dividends for us and I learned about the same star. Play out in pretty much any organization well for anybody who wants to get in touch with you or follow along with the work that you're doing I'll have you had your preferred contact information to the show notes and so without I'll move into the picks and this week I'm going to share a podcast that was started by a listener of this show. Who contacted me to say that Three listening to the episodes it motivated him to start his own thing. So it's a show about learning basins statistics districts to show for anybody who wants to check that out and without all Pasadena. Jonathan do you have any picks. Week share I'll throw out to do that. I really like a bucket the first one together which is like pedantic and fast. Api We really liked those. We have a lot of flaps right now and for a number of them. I feel like pedantic fast. API might be a bit of an upgrade. So we're trying to lean into those make those although easier to adopt internally and so far I personally really like Those frameworks and I think they they seem like they have some pretty bright futures. The other one that I would throw out there is m. k.. Docs if anyone has checked it out. We personally. It's it's been my favorite framework for getting documentation up.
"wayfair" Discussed on The Python Podcast.__init__
"Orchestration summit and Data Council in New York City go to Python podcasts today interviewing Jonathan biddle about his work to encourage and empower wayfair engineers and their use of python help other teams become more effective so I consider us a bit of a team in that regard Yeah pretty clearly actually so I'm a bit of a definite call and I just taught myself that organically for a while and eventually got into and really really got into in two thousand seven when I discovered Django and I in a Lotta cases it seems so easy to get into and guide you towards best practices and you start by describing a bit about the overall mission statement for you and your team at wayfair which are about over two thousand of fair and growing if they're focused on actually delivering anything along those lines we want to get them as quick as possible onto like the meat of their problems it's kind of interesting little a so maybe I should describe the point where those applications really didn't have a dedicated team behind them and my dream job to like figure out how to support growth as python ecosystem at wayfair so an actual like python platform team from essentially absolutely nothing and try and grow different ways that it was being used and some of the other primary languages that have and python was a bit of an edge case at the time it was used predominantly to production is adidas the ECOMMERCE experience so you can imagine like you're on the Front Adam and in a quite a bit since then since we started to really make it easier and easier at our engineering focused wayfair what's involved in the overall selection is to figure out what works is there sort of been approved list of technologies that can be used fair degree of freedom to figure out what has the best fit to purpose you know we encourage fit but really we want to trust him so kinda use their best judgement but we do have like a I tend to like ask you choose from that list which ideally that list is ever changing as in terms of how you engage with the different groups and engineering teams throughout wayfair wondering for bits of tooling or to replace bits of their applications wondering if you can sort of characterize walk that back a little bit the so we we engage with teams in a all my python experience as it may be actually had worked out a python team you know just working with teams on their projects so commander like one person on the back which back the team will also be like giving someone some you know expertise on their project to platform team roughly spending between two and take tend to spend a lot of times like landon that out saying expectations in those they're just day in with the team on our random question the auxiliary engineering one in particular are there any analogous groups throughout wayfair that are serving to support they you know it we decided to apply the same exact model to other languages so brought the same model and ad ecosystem in about I think just about a year into the of how your team works with the other engineers and some of the sort of the so maybe I should start by I'll just say here here's what the general life cycle we asked we asked him to basically solicit for one of these so it's generally a team approaching US experience software engineer on your team to help you with a with a project so that's very attractive and we a little over what we can take on in terms of bandwidth and choose the one that is highest we know what pitfalls we wanna avoid and then the engagement lasts about a ambitious and we're trying to bring a lot of change in the other team while we're also trying to achieve these really the team and they have a new engineer just join the company maybe a junior engineer they're seeing quickly python at wayfair you see that and you say that's an opportunity for improvement we make sure that with with this maybe documentation or automation of help that feels great in terms of failure modes that we try to avoid or where we see where we struggled is pretty significantly the challenge of migrating something from two to three and took over the finish line and the other two challenges we've faced largely I the project had to stay on a previous project because it was having some issues getting over the finish line the main takeaway we've had is if we do see an issue with in being able to largest I think it's like five or six people so you want to be very thoughtful about where identifying people who would be strong candidates to work in your team to help after figuring out if they would be a good fit and some of the overall skill set either we deal with a lot of ambiguity it's oftentimes not as clear cut as you the US we'd like people who like are feeling really comfortable just figuring it helping someone else interfere education or training or pairing to become more effective because we really well with with these types of with our platform team in these types of engagements in general as an organization to this team so that we can figure out how to are some other useful training materials or sort of Scott edge either within projects that are helpful for you internally to have is where very early on we had this example project they've written for a coal files unstructured bike which is almost like I think by default if so as we as we helped give some guidance there then realize well people are like copying and at the same time we were thinking oh everyone has to forgo logging and metrics here's a logging library just make solves it all for you you can get up and running and logging colonic cookie Cutter Project and you know as we spent a docker whatever it was we started to add or strategy for the platform where we also building that up in other ecosystems now as project templates they get called cookie cutters just because that's the framework that we happen tempting system for these days as far as some of the particular types of projects that you've been I've been just some of the interesting or unexpected types of projects that you've been engaged the ECOMMERCE experience that's that's very much a very massive PHP application but standing up a a python application consume an they might not have the existing experience on the team to just like go take it on who really understand the language it'd be awesome to have someone come from a platform team just like partner up around five or six engineers when you started it was yourself and one other individual some wondering trying to make yourself known within the organization so that people are even aware that you kinda been more or less built out over a volunteer time Ed we had to figure out how to you know put out some existing fires but also looking elected forward-looking so no matter more or less how underwater we felt like we were we were at least carving and making sure like what we're doing is actually providing values to teams and if feel like conjoined who helped us get the auxiliary engineering program off the ground really the more recognized and within a year and a half actually like the team had developed a brand you saw suddenly like saw a lot of really strong outcomes they.
"wayfair" Discussed on WTVN
"Minors. More than five hundred employees. Said a letter last Friday to the senior management at Wayfair asking the company did not do business with this company, VC F, as they also asked Wayfair to stab a code of ethics that empowers Wayfair, and it's employees to act in accordance with our core values. And here we go again. This is this. I can't tell you this retakes me these stupid leftist, claiming they. Are the definition of American core values and therefore they ought to be mandated on everybody. When there's nothing poor about left wing values and relationship to American values. Wayfair employees announced on Twitter. Their plan to stage a walkout Wednesday afternoon response to the company letter. The employee's spoke CNN said the walkouts not meant as a censure on Wayfair, but as a way to show workers continued concern for the plight of the children at the border. They also asking the company, they work for to donate, all, profits made from the sale of the furniture to a nonprofit that reunites families at the borders. So that's, that's what's going on in Boston today, where the Wayfair people are. Walking out, and it's classic can't have the kids sleeping on beds. If anybody makes a profit on it can't have anything we don't wanna be evolve. We don't having to do with anything. That's helping Trump. And the CEO so far snapping up one of the odds the guy caves. I mean this is what have happened at Disney. It happens every every corporation or company at one point or another a bunch of malcontent, leftist employees start standing up and make it look like they represent the vast majority of everybody doing business with the company demand left wing issues, political issues be implemented company wide, including how to do business. And everybody caves to instead of telling him to go to hell and shut down and go back to work. This like parents have lost control over their kids. Anyway. Let me get back to the phones. Stacey in, in Cincinnati on glad you waited. Hi. Hi rush to Accu question. But also like to make Cynthia your first caller registered Republicans to vote, I have a feeling twenty twenty elections going to be a blood and we have to stand up for value. I was a democrat until. And I voted Republican ever since. Doc on my question. When Biden on is, they're having the GMT everyone going up for not even letting talks on. Do you think anyone will ask him in regards to what day did his administration did during whole Russia thing? I, I watch cable news. I get my news from social media anybody of yoga administration thing. What happened? What did they do? What seems? Well, I, I know the nature of your question is, is somebody going to ask any of these Obama people why they can stop this. If they all knew that the Russians were trying to commandeer the election, which is bogus. I hate these premises. The Russians could not have affected the outcome of the election. Nobody is ever alleged in all of this that they did not even Muller and his indictments. But I know what you're getting at why won't anybody ask anybody from the Obama administration. It was so bad. It was so obvious. Why did you spy on the Trump campaign instead of stopping it, what we all know the answer? It wasn't happening. It wasn't happening in any it wasn't happening any worse than it, always happens year after year. After year Soviets. Then Russians the calms North Koreans. Everybody's trying to spy on everybody. Everybody's trying to hack. Everybody's trying to infiltrate they've done a great job. Infiltrating our universities at school system. The communists. But no limitless at this up for you. We've got two nights of this debate. We've got essentially twenty candidates we got ten candidates night. Follow me on this folks. Stick with me here. We got ten candidates night. I think the team is tonight, the tomorrow, our so bite me won't show up till tomorrow night. Each debate is ninety minutes. You get ten candidates got ninety minutes are there commercial breaks or not. Let's assume there aren't that means if everything's fair in everything equitable, and there's fifteen ability and that every candidate will get nine minutes. Nine how in the name of Sam Hilton anybody stand out in nine minutes. So here's what the look for. In the in the in the in the in the scrub debate tonight. The bench debate look for these people to attack the people in the debate tomorrow night. There's five there are commercial breaks for all my, then it's less than nine minutes. It's even worse than I thought or better, depending on how you look at it. You got the moderator questions. You got five segments. You got four commercial breaks moderator. So let's figure six minutes. Per be team candidate. Now, you know what's going to happen? One or two or maybe three or four are going to say the hill with these rules first off, and they're going to try to get noticed right off the bat, whatever they think they have to do either attacking somebody else, or ripping into NBC for a rotten format or complaining they should have been in the eight team debate which is tomorrow night. The challenge for them is going to be do. They go after Trump or do they go after each other? And I, I just I think whatever rules have been set up, it's going to be increasingly difficult for the moderators to hold people to the rules. Twenty people running these people have got to stand out. They have got an have much time to make an impression. They know this they can't be polite. They can't sit there with their hands, folded and wait patiently for their turn. They can't answer the question. That's asked they have got to say in their talking six minutes. Each year, they've got to say what they wanna say out of the box, no matter what they are asked and for every one of these candidates tonight that's going to be a different thing. Elizabeth Warren has twenty different spending plans to get through, for example. Dig anybody will ask her about the native Indian constituency? That she brings to the debate. Course not. Well, anybody ask Biden about the no I but, but other I don't think the moderators are going to the moderators are gonna wanna stand out to the moderators are going to make a name for themselves. You got five moderators here over two nights. Everybody involved here, and remember looming over all of this is Donald Trump. So you got five moderators you've got twenty democrat. You've got twenty five people here who are each going to be competing with each other to see who can be the most effective at ripping Trump shreds. That's number one, then they're going to figure out is plugs, the real front runner. And if Saul, there's got to be a gang up against plugs sweat, a democrat powers that be are worried about the circular firing squad because they're going to have to start shooting each other, I because they are the immediate obstacles before you even get to the nomination, you've gotta wipe out all these other Democrats who are also seeking it. But with the limited time, the desperate need to do anything to grab attention to get noticed in an unforgettable way. I mean Katie bar the door as to what one or two of them might decide they have to do to achieve that launch. The f word at some point making get bleeped. I mean anything is possible. Here, you got these people arrive. Here tonight. Tomorrow night was so much hate. That has been compressed. Over the days. I mean it's just it's, it's ready to boil over and explode in these two nights these people have over what happened in two thousand sixteen. They hate they have for Muller. Bombing out. So predicting who's going to get asked what they're going to say. That's a toughie in. Rush limbaugh. Because we know for you only. The best will do on the. Network. Six ten WTVN. A woman in Michigan is at work. She gets a call from SimpliSafe home security. Guess what her homes alarm is going off? Simplisafe tells her there's a man in your house there, watching an unfolded for her security camera, and they made sure she knew what was going on her home..
"wayfair" Discussed on WBZ NewsRadio 1030
"Our top local stories boston police have identified the nineteen year old man shot to death by officers on monday he's jameel l'herbe of dorchester police say he opened fire on them i also wednesday police arrested a man in connection with that shooting ernest watkins is charged with assault with a dangerous weapon and unlawful possession of a firearm hundreds of wayfair workers are taking a stand against the immigration crisis they walked off the job today demanding the company stopped doing business with a contractor operating a migrant detention center in texas Children families and not making money. -taining. wayfair says it's not backing out of any contracts the boston city council has passed mayor walsh's twenty twenty budget the three and a half billion dollar budget is one hundred seventy six million dollars more than last year's it includes nearly one point two billion dollars for boston public schools everyone this is paul rebel midfielder atlas across club and co founder of the premier lacrosse lee this summer we launched our nominal season will be competing in thirteen major north american cities over fourteen weeks for p._o. l. championship all covered nationally on n._b._c. joined the new air of probe across see all sixteen comprised of the best players in the world face off.
"wayfair" Discussed on WNYC 93.9 FM
"Kelsey snell kelsey thank you thank you now to boston where hundreds of employees of online retailer wayfair walked out of the company's headquarters protesting the company's sale of furnishings to a federal contractor working in immigrant detention facilities at the u._s. border from member station w._b. warr sloan rios reports workers protested outside of the company's headquarters in boston's caught me square today denouncing executives refusal to back out of a sale with a government contractor furnishing a federal detention center for migrants here the u._s. border with mexico workers say they urged the company to stop the sale but when they were unsuccessful they decided to organize this walkout madeleine howard is a seven year employee of wayfair and one of the organizers fee really needs to make it clear to them that there are consequences for doing the things that they've done and they can't meet us with half measures and also we want to make it a place for proud to work everyone deserves a home they love that's sort of the company motto and we think this action selling these are profiting off of selling these beds to these camps just flies in the face the firm in question is b._c. f s it identifies itself as a global system of health and human services nonprofits the issued a terse statement in response to the walkout saying quote we believe you should sleep in beds with mattresses advocates have described unsafe and unsanitary conditions.
"wayfair" Discussed on The Dan Bongino Show
"This is not a sporting arms company. Go check them out. Okay. Here's this tweet by Alexander case, yo, Cortez throwing fuel on the fire improving again that she's more interested in social media, re tweets and likes and her own over inflated ego, and then she is actually solving problems. So little background on this Wayfair, which is a company that provides furniture and bedding type material Wayfair provides this stuff and Wayfair is selling beds to these facilities, where AOC's claiming are like concentration camps where children have been forced to sleep on the concrete floor. Nobody wants that nobody wants that now listening to the show once a bunch of whether they're in the country legally. Or not is irrelevant to that with we can make conditions there, livable. We wanna do it. There's nothing wrong with that. So the United States government, under the Trump administration is trying to get beds for these kids to sleep on rather than a concrete floor. Sita's like that. Look at her tweet. I thought she wanted to solve the problem. She didn't want to solve anything. She wants to throw fuel and fire. Here's a tweet Wayfair workers couldn't stomach. They were making beds to cage children. She just complained about these kids sleeping on the floor. So employees for Wayfair are supposedly walking out. So these Wayfair she says they asked the company to stop the CEO said, no tomorrow. They're walking out. This is what solidarity looks like right? So you see, or a reminder that everyday people have real power as long as we're brave enough to use this woman's a disgrace. Oh, she said this grace, this is so disgraceful. That even an I listen, I have been more than deferential to the fact that she wanted congressional seat. Congratulations. But now it is your responsibility to lead from the front. How dare you dare you make it an issue at a free market company selling beds to the government. So that kids who are. Brought here legally, in many cases, the result of child trafficking don't have to sleep on the floor, and you have a beef with it this, your a disgrace to the United States Congress and an embarrassment to your position. And you Wayfair workers, you this is evidence again, of the sick, deranged, snowflake generation of losers idiots who would rather see a bunch of five six seven year old kids sleep on a concrete floor who were brought here as a result of child trafficking. Then, actually, to give the President Trump admit President, Trump's administration, a victory on this issue. You care about politics and you care about hurting the other side, because principals are irrelevant to you. You think we are bad, people that is all that matters to you is hurting us? That's it in your triaging of needs at your hierarchy of that pyramid. Number one for you is not even food and water. It's damaging and hurting conservatives because you think we are bad people and the smarter you get as liberals, the worse it gets. This is one. Colossal ignoramus Alexandra case, yo Cortes, who would rather with her staged photos, who would rather see kids on concrete floors, then have the government fix the problem because the Trump administration may get some political credible? Who cares? This grace to the United States Congress total, complete disgrace..
Wayfair employees walk out to protest migrant detention
"But what do you think of the border you think of wayfair concerns about detention center conditions supposedly have prompted a walkout hundreds of wayfair employees have signed a letter against their companies decision to sell two hundred thousand dollars worth of furniture to a contractor that runs a facility holding migrant kids in texas madeleine howard says she not only wants her company to end this sale experienced salespeople so that they don't make sales like this future a spokeswoman for the facility contractor says they believe you've should sleep in beds with mattresses employees at wayfair one profits for the sale to be donated to relief
Wayfair employees plan walkout over sales to detention camps
"Combs breaking now they have warehouses in erlanger and hebron in an outlet store in florence we're waiting to see today if wayfair workers here we'll be joining others across the country and staging a one day strike it's a protest of wayfair supplying furniture for detention camps at the border workers at the boston based ecommerce giant say a recent sale goes against everything wayfair should stand for employees say they learned last week of two hundred thousand dollar order of bedroom furniture had been placed by b._c. f s a government contractor that manages camps for migrant children detained at the u._s. southern border within five hundred forty employees signed a letter asking the company to cease all current and future business with contractors that work with the detention centers and to establish a code of ethics that allows way for employees to act in accordance with their values daria albinger a._b._c.
"wayfair" Discussed on WMAL 630AM
"Good morning. It's six seven on mornings on it's Wednesday morning. at six thirty five scout thomas joining us at seven oh five thousand jenny and the nato five fifteen freshmen the alliance defending freedom some news here in the district regarding schools talked to about that Mary going. richest what i need yeah like a political scandal thank you wayfair this is a washington buzz headline wayfair the furniture company supplying beds to texas detention centers for children and it's employees are now protesting how wonderful remember it wasn't that long ago we had chuck todd the host of meet the press he's interviewing the president of the united states and all of a sudden everyone now is finally acknowledging that we have a border crisis this after saying that it was a manufactured crisis for many months many many many months and i saw byron york wrap this all together house speaker nancy pelosi called the situation a fake crisis at the border remember that right chuck schumer a crisis that does not exist he said steny hoyer majority leader in the house quote there is no crisis at the border came jeffries democratic caucus chairman in the house quote there is no crisis at the border eliot angle house foreign relations committee a fake crisis at the border jerry nadler quote there is no crisis at the border debbie wasserman schultz quote we don't have a border crisis lloyd doggett a congressman a phony border crisis earl blumenauer a fake crisis at the border sanford bishop a crisis that does not exist on an on an on i'm not even halfway done that list not even close to halfway done and then of course you get the conservatives who are saying there's no crisis on the board of the never trumpers there's no crisis this is manufactured and now we've got a situation where people are beginning to change that attitude and democrats are clamoring in and their allies in the media are clamoring to rush to the moral high ground to instead say now well there is a crisis at the border but it's your fault donald trump it's your fault president trump that all of these people who are trying to claim a silom are legally crossing into the united states and by the way obviously exploiting our silent laws and it got to the point where i get mentioned chuck todd here's what he said to the president of the united states this weekend and it's been that way for something and do something do something he's yelling at the president trump's trying to explain to them i'm trying to fix this thing but i need help from democrats so now you've got this furniture giant online furniture giant wayfair their own employees are staging a walkout now against them plan for today of one thirty pm because the retailer sold two hundred thousand dollars worth of beds to a texas detention center for migrant children the companies stationed near boston and wafer executives had said yes of course we'll fulfill an order for these beds so so the kids at these detention centers need a place to stay that is not the floor so wayfair said okay we'll honor the order and we'll send you a bunch of beds two hundred thousand dollars worth of beds and the employee's are upset what did they have set about they upset that the kids will have a place to sleep now because the way that's the way they're acting they're walking out of their company to protest sending beds to the children mary what's going on here Liberal lunacy. This, this is a problem and. This is how I look this whole thing, the Wayfair. employers the c._e._o.'s people who are in that company have a really big decision to make because if they don't if this in the bud now they were foot ever be beholding and all of their business decisions are not going to be made by the employee's not the people who run the company who owned the company who started the company it's going to be made by the employee's so they need to nip this in the bud now i look at this and sorry millennials i look at you but millennials the upper end is almost forty years old they're like thirty eight years old they're the they're the first wave of the group that we always said everybody gets a trophy you know the the snowflakes they were the ones who were caught on i blame their parents i don't blame them i blame their parents for the way they the millennials i do i do i blame the parents because children don't raise themselves if they did they might have turned out better but but this was the group that was coddled this is the group that you know in college started telling the colleges what what organization how were they should have their money that they need to divest of certain funds millennials are very very involved with the the people with whom they do business organizations that they buy from and what their what their social warrior justice stance is how socially conscious that's yes that's the millennial term has socially conscious as the company that i'm doing business with and so they don't like they don't find this to meet their standards of liberalism this them is an outrage because this this goes against what they believe to be true so they're going to demand that the world change for them we all said wait till they get into the real world it's going to snack him down well here here's the real world and and millennials facing off and molina's i'm going to walk out well the real world better tell them you walk out you lose your job because of the real world doesn't tell them that then the real world is going to be beholding to a group of social justice warriors the front edge of that group that is going hold them hostage and is going to do things like tell you how to run your business so this need they need to draw the line right here if the c._e._o. of this company draws lines buyers always people who walk out i will i will admit actually consider patronizing wafer dot com that's the question then this warning do what what is what should wayfair do in the face of this big decision mary says canham you walk out on us a world you walk out on an order canham eight eight eight six three zero nine six two five eight eight eight six three zero w._m._a. l. if it's consistent with their values to care for the migrants you would think the workers would want to send the beds but they're not thinking because they're they're they're dummies they were they were raised to feel they weren't raised to to rationalize into think to reason they they were raised to if doesn't feel right so i don't want to do this job because it doesn't feel right so you have to change the job but in reality you big dummy they're going to get a bed that's probably better than anything they had in the country that they were from on you're going to give them a bed and keep them off the floor i don't understand this makes no sense here's what the employers are saying that are walking out we're walking we're walking out in protest of our leadership's decision meaning the leadership of the company to sell to reprehensible concentration camps we had hoped that raising awareness would be enough for them to do the right thing but it wasn't we wanna make it clear that this is not a political issue it's a humanitarian issue and we will not back down they say you will also be getting a paycheck at the end of the week alexandria cossio cortez also weighing in on this she said on twitter wayfair workers couldn't stomach that they were making beds to cage children they asked the company to stop c._e._o. said no tomorrow the walking out this is what solidarity looks like a reminder that everyday people have real power as long as we're brave enough to use it again to reiterate the point the thing that these people are advocating for to include eight oh see is not care for legal immigrants who are claiming Silom its worst conditions. It's for them not to have beds. this is they want to create as much pain as they possibly can in order to accelerate the border crisis not to relieve it and they're trying to come up with this contorted way to explain to you why they have the moral high ground this will be fired for being stupid farthest but like i can't have stupid people working for me say you're fired that's it it six zero nine six two five six fifteen stanford wwl traffic.
LiveIntent - The Fight Against Facebook Starts With Email
"I've learned since earning a name for myself on linked tandem, picking up that linked Tim top voice award. He's never have all your eggs in one basket. And don't rely on a game where you're playing by somebody else's rules on their playground because they control that pay to play model, and they can turn that type of any moment and start charging you to make your voice heard amongst following that you've created now when Lincoln and the algorithms changed like could have been finished, but creating by own platform, the I ruin was possibly the best decision. I ever made. And of course, you build up your own Email list. An over the is obscene this grow more and more because publishes did give away there. Inventory over to Facebook, and many of them paid a very heavy price for doing that. Because ultimately Facebook gets revenue from user engagement, and the publisher they don't own or control that distribution method, and in response to realizing that they've been taken advantage of over the years by these walled gardens with now beginning to witness to Rene sons of Email for publishes publishers have realized that they have locked in channel that they own. That's right Email and now Email newsletter is all acting as a bulwark against Facebook and their ilk. So buckle up and hold on tight. So I can be meal is all the way to New York. So we can speak wave corral Cooper, s three P global marketing at live in ten who's going to talk about how publishers are fighting against those wall gardens with Email. Sequel welcome to the show corral. Kenny tell that listeners about who you are. And what you do. Yes. Thanks for for having me on the on the podcast by names. Caro- cooper. I am currently the senior vice president of global marketing and a Martin company called live in tent with the company now for little four and a half years and various roles from account management proc marketing. And now a heading up all of marketing prior to live and ten is. I pretty much grew up. I would say on the publisher side of our industry. That's where I had, you know, most of my professional development growth, if you will and more specifically at a local news publisher of call advanced digital where I was there for almost eight years running at operations and platform, strategies and. I guess as a as a side note, a co a partner of mine in the space is name is Eric Rickett in he worked for a company called inner markets, a good friend of mine in space. He and I started a podcast about a year ago called the minority report podcast. And essentially what that podcast is is. It's a way for us to sort of create a platform to allow people of color women. People have diverse backgrounds within the marketing advertising space to tell their story. Right. So the podcast is less about sort of the day to day of advertising marketing, but more about getting to know people on a personal level. So, you know, talking about their background their upbringing, their culture, their views on diversity and inclusion in space so on and so forth and we've been doing that for about a year, which has been a really cool experience for me. Filo putt cast him. I'm gonna have to gang bail. My best behavior. Now. Despite being a full of IT guy. I wanted to read techies that puts people before technology, and that is one of the reasons that put you guys Amar radio is because you describe yourself as a people base marketing tech company, so keep telling listeners a little bit more about live in ten and how you're changing the way brands and publishes actually think about Email now. Yes, sure. So the company lying Ted we've been around for a little over ten years. Actually last month was our our tenure bursary, and essentially we started out as helping publishers solve the ability to deliver ads within Email, newsletters, because there really wasn't an efficient way to dynamically deliver and Prussian campaigns within with an Email, newsletters. And so over the course of I would say ten years here, we built up this massive ecosystem within easy. L, newsletters, where now we work with over twenty five hundred of polishes of brands to help them to help them acquire retain monetize their audience within Email newsletters in. It's it's everyone from companies like New York Times Meredith in Conde nast to you know, other brands like WalMart, Wayfair overstock, all of those types of companies of work with us to to to get help acquire retain, a monetize their audience of within Email, newsletters, you know, with that said, I think one of the unique while not not that I think I know one of the unique things about us is that everything that we do in terms of delivering advertising marketing messages, and helping our customers really understand more about their audience is connected to the Email address. Right ORs, we refer to the Email. Hash which is a privacy compliant way of looking at Email addresses. Right. So when you think about targeting today on the web, everything revolves around the cookie, riot weather, first party or third party, cook everything revolves around a cookie, but for us, it's it's the Email address in when you think about that. Right. When you think about a user in their Email address, and the value that provides in terms of helping to identify people, right? It's your Email addresses pretty much, your your gateway your passport to the internet. There isn't much you can do on the internet without it. Ryan you use it to log in the social you use it to buy something you use it to sign up for for something. Right. You ended at it's yours too personal. You don't share it with anyone else in your Email address is what you really have had a, you know, or maintain I guess she should say for everything that you do on the internet. And so we think about. What's tied to that? And how personal is. And when you think about sort of Email environment, you have to be one hundred percent law in because the Email address is tied to us in individual. It's it's fraud free and people that sign up for Email, newsletters, usually a publisher our brands most engaged audience. Right. And so we really feel like we sit at that sort of intersection between advertising and marketing technology in really cool space where you know, the Email address we think is the sort of a future of digital advertising. Now for the as of coast, publishers have given much of that inventory over to companies such as Facebook as a result of paint, a pretty heavy price for not because of course, Facebook six revenue from us engagement and publishes don't actually own or control the distribution in those pay to play kind of muddles. So in response to realizing that might be taken. On H all bodies will go it just say that we're witnessing the renaissance of Email for publishers. But can you set the scene and tell me about the scale of the problem in an what you're saying that? Yeah. The the problem is a is a is a massive one from the standpoint of you know, if if for for publishers for brands to survive moving forward, they have to understand more and more about their audience. Right. And you're right. Unfortunately, a publisher's given away that information to Facebook to Google to other wall gardens of for a number of years. It was interesting that we are seeing here. Live in tent is more volunteers. Now coming back to us sort of waking up to the fact that you know, they need to figure out a first party audience strategy in a, you know, let's just call it a cookie less world, right? Because I think you know, with everything from IT p a two point oh to all the privacy rules and regulations to some of what a Google just recently announced that the cookie is going to slowly, but surely sort of diminish over time. And if you are a major publisher, right? You have to think about our ability to continue to grow audience, right? Not necessarily traffic traffic is important. But when I look at traffic, you know, you can come and go, that's traffic. But in audience is court, your business, your audience are most engaged users your audiences who you know, the most about so that you can make the best decisions for how you want to have conversations with them in in order to grill audience. Right Email still sits at the core of it for for all things that I just mentioned in in the in the last response to you. And so more more of a loser. Now trying to figure out how can they a leverage the power of Email, Email, newsletters, and and the Email address to grow their audience. So
"wayfair" Discussed on WBZ NewsRadio 1030
"Wayfair soaring today after its financial report comes in better than expected the Boston companies still dealing with a loss. But rounding out two thousand eighteen the gap was narrower than expected revenue. Also beat Wall Street expectations. Wayfair is opening new distribution centers in the deep south and open its first and the company says it's only retail shopping Alba last weekend in Kentucky shares of Wayfair right now up about twenty seven and a half percent in trading questions about the future of sacks. Off fifth corporate parent. Hudson Bay company says it's reviewing all one hundred and thirty three of the off price retailer stores at this point HP says it plans on closing twenty of them. There are three Saks Fifth locations in Massachusetts, the lucrative baby. Eel industry in Maine could face tighter controls this year in an effort to control poaching. The baby eels called elvers are a critical part of the world supply chain Japanese food there Harvard from rivers and streams every spring in the pine tree state and confess more than a thousand dollars. A pound this year armed officers are expected to keep a close eye on the packing and shipping of the baby. Eels the elver fishing season begins March twenty second the New Hampshire. Senate unanimously passes a Bill to protect businesses from out of state jurisdictions trying to collect sales taxes the US supreme court ruling last year said that states can require online retailers to collect sales tax on purchases in states where they don't have a physical presence New Hampshire doesn't have a sale. Stacks, Wall Street. Right now, all pointing higher the Dow up one hundred forty seven points, the NASDAQ up fifty three the s&p five hundred gaining fourteen points. One twenty-seven coming up in the news at one thirty the very latest on solicitation charges of prostitution against New England. Patriots owner Robert Kraft on in Jupiter,.