why aren't all 14 resolved? a statement only gets an assessment when the public
record can support or contradict it. opinions and what-ifs never can, and 0 checkable
ones are still open, waiting for their date. predictions held up or didn't;
assertions are supported or contradicted. on every card:
▮▮▮▮▮ certainty ·
▮▮▮▮▮ debate potential. speakers are clickable
Assertion Not checkable as stated
Bonobos' retail stores and Nordstrom wholesale profits funded its e-commerce losses
“And our second most profitable were our retail stores, and those two businesses' profits were funding losses from the e-commerce business, which is a wonderful paradox to the way that we conceived of the company.”
Assertion Not checkable as stated
Dunn: Bonobos' physical retail and wholesale channels ultimately funded e-commerce losses
“Our most profitable business became Nordstrom. And our second most profitable were our retail stores, and those two businesses' profits were funding losses from the e-commerce business, which is a wonderful paradox to the way that we conceived of the company.”
Insight
Cole: Nordstrom actively blocks wholesale vendors from poaching its direct customers
“Nordstrom's, by the way, is very sophisticated in that regard. They're very careful. They're not going to build a following and then just hand it off to the vendor. If they can avoid it, they will.”
Assertion Not checkable as stated
Kenneth Cole stores boosted wholesale shoe sales at co-located Nordstrom locations
“I remember having a conversation with Nordstrom at the time, and they were a big customer, and they were challenging the fact that we had all these stores, and I would show them quantifiably how every mall that we had a store, where they had a store, they did …”
Disclosure
Gafe: Israella Kobla nets 35% to 50% wholesale margins prior to markup
“Our margins, they vary between 35 and 50%, and then obviously we plan for them to have a 60% markup on top of that, so we are able to make money that way, I think, because of our flexibility.”
Disclosure
Gafe: Nordstrom became Israella Kobla's largest wholesale partner in 2023
“In 2023, we also launched with Nordstrom. And so they right now are our biggest retail wholesale partnership.”
Assertion Not checkable as stated
Clark: Build-A-Bear performed much better near children's stores than luxury anchors
“If we were near a limited to store or children's place, we did way better than if we were near Nordstrom.”
Assertion Not checkable as stated
Alex Faherty personally visited all 10 initial Nordstrom locations carrying Faherty
“Well, that first year when we shipped to Nordstrom, I visited every single one. It was 10 different Nordstroms across the country, and I did a version of what Sarah did.”
Insight
Specialty boutiques move inventory faster because the owners are the salespeople
“Where we saw the initial success was in these sort of smaller specialty stores where, you know, think of this story. It's an owner who buys the product. He's the number one salesman. He knows all the customers. So he's got to sell what he buys. And so my job w…”
Disclosure
Kudla: Vuori's Initial Five-Store Nordstrom Test Failed
“We sold into five doors at Nordstrom and it didn't do well. You know, and it didn't do well because we were just too early to market and we hadn't built a community around the brand. We didn't have like a group of advocates and influencers and celebrities that…”
Assertion Supported
Supergoop launched across all Sephora stores and 47 Nordstrom locations
“We launched in 47 stores. So I had full distribution in Sephora and 47 Nordstroms”
Disclosure
Rent the Runway rented current-season inventory at 5-10% of retail
“You can imagine we were renting current season designer inventory for five to 10% of the price at the exact same time that it was at Nordstrom and Neiman Marcus and Saks and Net-a-Porter for sale.”
Assertion Not checkable as stated
Boersma: Nordstrom asked $5,000 for a dilapidated espresso cart
“I got there, and they pulled it out of storage, and it was just dilapidated, beat to hell, and they said they wanted 5000 dollars for it, and I wouldn't have given them 500 for it.”
Assertion Not checkable as stated
Brad Black's early activewear brand sold to Nordstrom but never profited
“We would peddle our wares, and we sold to Nordstrom, and we sold to the hardcore rock climbing shops, yet we didn't really ever make money”