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PHP patch day, 21 October: if your site or your vendors run WordPress, WooCommerce, Magento, Drupal or shared hosting, update to PHP 8.2.35, 8.3.36, 8.4.27 or 8.5.12 today and ask your host in writing. Sites on PHP 8.1 or older get no full fix. Read why →
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Ranked by the pour ISABELLA'S ISLAY HENRI IV MACALLAN 1926 LOUIS XIII PAPPY 23 JOHNNIE BLUE WELL POUR
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Issued Sunday, October 25, 2026 · 03:00 UTC Edition Every 3h · 6 papers From the chopped neck Latest Issue Archive Corporate AccountsArt Forgotten
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The Website You Never Think About Was Open Before Breakfast

PHP is the engine under 69% of the websites whose language is known, which means it is under the website in your company you have not thought about in a year: a dealer portal, a company store, the system that sends your email. The flaw had been in it for more than a decade. Researchers working with AI found it in August. The disclosure broke on Monday night, the attacks began before dawn Tuesday, and the patch landed at 10 a.m. Eastern while governments in Europe took their own websites down to wait for it. No company has reported a breach yet, and that is not the comfort it sounds like: the week between "nothing reported" and "the first one reported" is the week the checking happens. If your site is built on a platform that does not run PHP, this does not touch it. If a vendor's does, it may already have. One email, sent today, tells you within the hour which is which.

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ISABELLA'S ISLAY Pricing Play Oct 24, 11:02 PM EDT
Meta
Pluang ↗

Meta Q3 2026: Strong results unlock non-voting stock for AI capital

Meta reported strong Q3 2026 results and announced plans to issue non-voting stock to fund AI growth while maintaining founder voting control, per Pluang.

ReadingThe steal: if you're bootstrapped and need outside capital without losing control, look at your cap table structure before the VC call. A two-class share structure (voting vs. non-voting) lets you raise from investors who want returns, not a board seat. The founder keeps the veto. Most small brands never think about this until they're already negotiating with a lead investor. Set it up now, before you need it. If you take outside capital later, the governance architecture is already baked in.
MY STASH TAKEThe really smart move Meta made here isn't the stock issuance — it's the timing. They announced it when earnings were strong, so the market rewarded the transparency instead of punishing a dilution play. For a product brand this means: document your capital needs before the crisis hits. Build a case with real numbers (customer acquisition cost, retention rate, unit economics) and then go to a potential investor with a plan, not a panic. Founders who negotiate from strength get better terms and keep more control.
WatchWatch for other founder-led consumer brands to adopt two-class share structures before raising Series A or B rounds.
Read full analysis → Original ↗
governancecapitalfounder-controlequity
HENRI IV Brand-Story Play Oct 24, 11:02 PM EDT
Rhode (Hailey Bieber)
BeautyNewsDaily ↗

Rhode built a $1B beauty brand in under five years

Rhode, co-founded by Hailey Bieber, reached a $1B valuation in less than five years, per BeautyNewsDaily.

ReadingThe steal: a founder with an existing audience can build a $1B brand faster than a no-name operator, but only if they build a real product line, not just a vanity project. Rhode didn't launch with 50 SKUs; it launched with a few hero products and let customer signal dictate expansion. The founder's name is the initial proof point, not the permanent one. The brand has to work without her face in the room. For a physical-product founder: pick a narrow vertical, nail the product, then use your personal credibility to get the first 10K customers. After that, the product has to carry the weight. Founders who never hand off the narrative tend to hit a ceiling around $10M revenue because the business becomes inseparable from them.
MY STASH TAKEWhat's slept-on about Rhode is that Hailey Bieber didn't just drop a product line and disappear. She showed up constantly — in how the brand communicated, how it was formulated, the choices made about ingredients and packaging. But she also hired operators who could run the business without her. Most celebrity founders do the opposite: they hire people to run it and then get bored or fight them for control. Rhode's win was staying interested but not in charge. That's the model to watch.
WatchWatch for Rhode to expand into adjacent categories (body, fragrance) or to open physical retail locations in major cities.
Read full analysis → Original ↗
celebrity-founderdtcscalingbrand-story
MACALLAN 1926 Retail & Shelf Play Oct 24, 11:02 PM EDT
Retail Media Networks (IAB Study)
PPC Land ↗

43% of retail media buyers underuse in-store media channels

An IAB study found that 43% of retail media buyers say they underuse in-store media, indicating a significant gap between capability and deployment, per PPC Land.

ReadingThe steal: if you're selling a physical product in a retailer, the gap between what retailers offer (in-store media inventory) and what brands buy (mostly digital ads pointed at in-store traffic) is your opening. A small brand can negotiate a bundled in-store + digital package at a discount because most big competitors aren't asking for it. They're still buying display ads and hoping for foot traffic. You build a supply-chain play: buy digital to drive store visits, then use in-store media to close the sale at point-of-decision. The inventory is sitting empty because media buyers haven't woken up to it yet.
MY STASH TAKEThe real finding here isn't that in-store media works — retailers have been saying that forever. It's that it's being ignored. That means it's cheap and available. For a brand with $10K to $100K a month to spend, the move is: go to your retail partner and ask what in-store media they have that's not being sold. Endcap? Shelf talkers? Digital screens at checkout? Bundle a buy. Media buyers at big brands are siloed — one team buys digital, another negotiates retail. You're one person. You can say yes to both at once. That coordination multiplier is what creates an edge.
WatchWatch for retail media networks to start offering bundled in-store + digital packages at fixed rates to attract mid-market advertisers.
Read full analysis → Original ↗
retail-mediain-storeadvertisingbudget-allocation
LOUIS XIII Pricing Play Oct 24, 11:02 PM EDT
ClickPost (USPS Shipping)
ClickPost ↗

USPS flat-rate vs. priority mail: eCommerce operators rethinking shipping

ClickPost published a guide comparing USPS Priority Mail and flat-rate options for eCommerce, highlighting the trade-offs operators face when optimizing shipping costs, per ClickPost.

ReadingThe steal: audit your last 100 shipments. Calculate what you actually paid per package using your current shipping method. Then model the same 100 using the alternative tier and flat-rate boxes. The delta is your monthly margin leak. For a brand shipping 500 units a month, a $0.50 per-unit difference is $250 a month or $3K a year. That's a line item nobody talks about. Go to ClickPost's framework, plug your numbers in, and run the math. The brand that notices the $3K is the one that compounds it into margin over 24 months.
MY STASH TAKEShipping costs are boring, so operators ignore them. That's the move. A brand that spends two hours a quarter auditing shipping tiers and box sizes typically finds $100–$500 a month in savings that slides straight to gross margin. It's not product innovation or viral marketing. It's just paying attention. For a small brand in year one or two, that's meaningful. Especially if you can pass part of it to customers as a faster delivery option and charge a premium.
WatchWatch for small shipping software providers to bundle real-time shipping tier recommendations into checkout, showing customers the savings in real time.
Read full analysis → Original ↗
shippinguspspricingmargin
PAPPY 23 Retail & Shelf Play Oct 24, 11:02 PM EDT
Supermarket News / IAB Study
Supermarket News ↗

Almost half of grocers underutilize retail media networks

Supermarket News reported that nearly 50% of grocers are not fully using retail media capabilities available to them, per Supermarket News.

ReadingThe steal: if you sell a CPG product in grocery, call the retail media contact at your top three chain partners this week. Ask what in-store media inventory they have that's not selling. Endcaps, shelf tags, digital screens, floor displays — there's cheap, unsold inventory because the grocer's media sales team is undersized. A small CPG brand can buy heavily underpriced in-store media placements by filling that gap. The grocer gets revenue from empty inventory. You get placement at a fraction of what a big vendor would pay.
MY STASH TAKEThe pattern is clear across both retail and grocery: the infrastructure is built, but the sales motion is broken. Retailers built the tech, but they didn't hire the people to sell it. That's your opening. Most brands go to a grocer and ask for shelf space or an endcap. Ask about their media business instead. You'll be in a conversation with someone who actually has something to sell and no one buying it.
WatchWatch for retailers to hire dedicated media sales teams or commission third-party agencies to move in-store media inventory faster.
Read full analysis → Original ↗
retail-mediagroceryinventorysales
JOHNNIE BLUE Distribution Play Oct 24, 11:02 PM EDT
Shopify (O2O Commerce)
Shopify ↗

Online-to-offline (O2O) commerce gains traction as brands merge digital and physical

Shopify published a 2026 guide on online-to-offline (O2O) commerce, noting the integration of digital and physical retail channels, per Shopify.

ReadingThe steal: if you sell through a retail partner or own your own store, the O2O move is: drive digital traffic to the store, not just to a checkout page. Send email lists or ads that offer an in-store exclusive or reserve-and-pickup option. The owner of the physical location gets foot traffic. You get customer data and the chance to upsell in person. Most brands treat online and offline as separate funnels. The win is stitching them together with a single offer that only works if you visit the store.
MY STASH TAKEThis isn't new, but it's becoming standard. Brands that coordinate email campaigns with in-store events or limited pickups create urgency that a web ad alone can't match. The move for a small brand is: pick one store or region, run an email campaign with a specific in-store offer (20% off if you pick up Thursday–Saturday), and measure foot traffic and basket size. If it works, repeat at the next location. You're not inventing O2O. You're just being the one small brand that actually connects the channels instead of running them separately.
WatchWatch for POS systems to integrate directly with email and SMS platforms to trigger automated loyalty offers based on store visit behavior.
Read full analysis → Original ↗
o2oretaildigitaldistribution
WELL POUR Retail & Shelf Play Oct 24, 11:02 PM EDT
The Shelby Report (Retail Media Survey)
The Shelby Report ↗

Marketers see full-funnel role for in-store retail media

The Shelby Report published survey data showing marketers increasingly view in-store retail media as a full-funnel tool, not just a bottom-of-funnel tactic, per The Shelby Report.

ReadingThe steal: if you're planning a new product launch or line extension, run a test at one retail partner where in-store media (shelf talkers, endcap signage, digital screens) tells the product story, not just the price. The goal is brand education at point-of-decision. Most brands use in-store media for 'buy now' messaging. You use it for 'learn why this is different.' After the customer reads the message at the shelf, the purchase follows. This is early-funnel thinking applied to a late-funnel channel.
MY STASH TAKEThe survey data is nascent — marketers are starting to see the full-funnel opportunity. That means it's not crowded yet. A brand that runs brand-building messaging on in-store media right now is ahead of the 95% still using it for discounts and SKU promotion. The win is counterintuitive: you spend more per impression on the signage and shelf talker, but you're moving fewer SKUs at higher margins because the customer already understands the value proposition before the price tag enters the room.
WatchWatch for retail media networks to bundle awareness-level analytics (brand lift, consideration surveys) with conversion metrics in their standard reporting.
Read full analysis → Original ↗
retail-mediafull-funnelbrand-buildingmessaging
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