Kat Nouri, founder of reusable silicone bag maker Stasher, explains why she pushed to place Stasher in Target's essentials department rather than housewares.
0:00 / 0:10exact quote · 10.3s
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“What you get in essentials is traffic, and what you get in housewares is really, you might get an end cap, but the actual volume in sales is less.”
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More from Kat Nouri
Insight
Kat Nouri: Founders lose operational control when accepting outside investor capital
“You can't run your company the way you want if you take someone else's money, and I wasn't about to let anybody ruin my vision”
Kat NouriNov 22, 2021▶ 51:32Stasher and Modern Twist: Kat Nouri
Insight
Nouri: First-to-market status offers the biggest advantage in retail positioning
“Being first to market has the biggest advantage you could have with getting in front of the buyers, being in the market, getting first positioning. It has the biggest advantage of anything.”
Kat NouriNov 22, 2021▶ 58:49Stasher and Modern Twist: Kat Nouri
Insight
Nouri: Independent retailers outperform department stores for novel products needing in-person explanation
“The independent designers or the independent retailers did so much more for us because they could explain the product in person, and so their sales volume was so good, I didn't really need to be in those stores.”
Kat NouriNov 22, 2021▶ 31:10Stasher and Modern Twist: Kat Nouri
AssertionNot checkable as stated
Nouri: Ahmed Rahim Threatened to Drop Her Unless She Built for Impact
“And at one point, Ahmed turned around and said to me, I'm just not going to support you anymore or be your advisor if you don't think of some other way to produce something that actually has the ability to have change.”
Kat NouriNov 22, 2021▶ 36:24Stasher and Modern Twist: Kat Nouri
AssertionContradicted
Nouri: Packaging from Single-Use Items Makes Up 45% of Landfill Waste
“And 45% of all landfill waste is from packaging, and that's usually from single-use things.”
Kat NouriNov 22, 2021▶ 38:13Stasher and Modern Twist: Kat Nouri
Disclosure
Nouri spent $25K negotiating with Mark Cuban before walking away
“In the end, we spent, like, 20, 25,000 dollars on the negotiations, and I really wanted to make it happen, but I wanted a deal that basically let me still run the company the way I wanted to, and I couldn't get that deal, and I had to walk away.”
Kat NouriNov 22, 2021▶ 49:09Stasher and Modern Twist: Kat Nouri
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