Earnings and Turkeys

You're watching the VSpot, your home for the e-com and early news. We're declaring this week to be the year of the Canadian tuxedo, as this week Gap confirmed what Khalees used to boast about that the milkshake brought both boys and girls to the yard for a gap. You didn't need to be eagle-eyed to see if it went viral thanks to Cat's Eye. And yet we already had Sydney Sweeney killing an American eagle in denim earlier this year— a figurative killing, not a literal one. We would not have got that one past PETA, but this was a red-letter day, year for denim on denim. Let's do the news. Earnings reports this week, and it looks great for retailers. Lowe's beat quarterly numbers, and Walmart, well, they're just fucking crushing it. We have been handed the Target numbers just now. Moving swiftly along, Meta had a landmark ruling this week as they had an FTC antitrust case ruled in their favor by a judge, which started 7 months ago. Meta, whose social competitors include TikTok— no, that's an entertainment platform— YouTube— no, that's more like video. But anyway, the judge ruled that Meta do not have a monopoly in the social marketing space. Friend of Donald Trump and owner of Meta, Mark Zuckerberg, is said to be pleased with the outcome. And Apple Pay a day keeps Tim Cook happy. Did you know that Apple Pay is now available in 84 global markets across the world? 11,000 banks, and its penetration has grown to 85% of US retailers now using the service. It is not though, and spare a thought for Tina Calada over on TikTok, who broke down in tears crying thinking Apple Dollars were free money. And if you thought that was a real video, well then maybe you should go and spend your Apple Dollars yourself somewhere, maybe Narnia. Bed Bath Beyond CEO just got hammered. His I'm gonna start that one again. Bed Bath Beyond CEO just hammered— not in a good way— his team, uh, over on their earnings call. Daniel Heath, their CEO, went all 8-mile on their earnings call, slamming the business, calling it slow and inefficient. He was also critical of the fact that they cannot persuade a younger audience to buy from them. He obviously has not seen that Gen Z do not care about this kind of weekend escapade. A little trip to Bed Bath Beyond for some Saturday fun is rarely the sort of thing you see Gen Z posting about on the gram. Expect a rebrand in the coming weeks. Home Depot tells us that distress is on the way. Middle-income shoppers are pulling back on home spending and instead investing their unearned dollars on burritos using Klarna. This may be the most postmodern post we ever saw. And finally, terrible tweets we saw this week. Elton John's life has been touched by gold in fascinating ways. Oh, sorry, that's an ad. In what looks like a tweet from @ecommerceboy, he says that tactics for attracting and converting shoppers have changed forever. Oh, I like it. Really seems like it's a tweet from the future, I think. And from an Atify, and an Atify, yeah, that's what it calls themselves. Your sales data, and we like this one, your sales data shouldn't need a custom GA4 report to be understood. GA4 is powerful but complex. And Elatify makes it simple. We compare how each tool reports core e-commerce metrics and shows you the easiest way to get WooCommerce ins— whoa, whoa, whoa, wait a minute there, Horsey. WooCommerce? You almost snuck that in on us. We're buzzing to keep this pod rolling with our sponsor Omnisend, the real email platform that's officially Vinny-proof. No needless jargon and no alphabet soup, and no customer services because they're all in Black Friday mode, but Use your AI to sort that one out, right? Just for an acronym that matters, that's ROI, because merchants are earning $68 for every $1 invested on email. They're not embarrassed by the fact they're not getting back to me though. They think I'm a lame duck at this stage. That is the 6 minutes you're not getting back this week. Thanks for watching the VSpot.