Episode Transcript
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Speaker 1 (00:05):
Hey, this is Annie and SMITHA. I hope for stuff.
I've never told your prediction if I heard idiot.
Speaker 2 (00:18):
And welcome to today's Monday Mini. Where are we going to
talk about things? Any current affair things. So with that,
let me go ahead and put a time stip here.
It is January fifteenth, twenty twenty six. I had to
write that down because I knew I would get it wrong,
because I still am in twenty twenty five. Sometimes I'm
in the nineties. To be fair, I'm in my twenty
(00:40):
twenties years, so closer, that's okay. And our country is
seemingly in a fiery blaze, and there's been a lot
of action being taken out there. So whatever is happening,
there's a lot of those who are trying to do
some good, whether it's protesting, voting and campaigning, advocacy work, boycotting,
(01:02):
and so much more. So we thought we would look
at what is happening, and as we know more and
more brands and companies and influencers are as we would say,
bending the knee to the current administration and many of
its fascist tactics and policies. We wanted to review what
is happening with some of the things that we have
(01:23):
been doing, including boycotting some of these said companies and brands,
and whether or not they are working. I think we
need to do some reviews and kind of come back
and analyze our tactics and get together and try to
see what is effective and what isn't. I'm not going
to say I don't want to be a naysayer because
(01:44):
I am by nature a pessimist. It works for me
because at least if I look at the like, oh,
things are going to be bad, but when they're good,
I feel like I win either way, right right, And
it's not such a pessimistic outlook.
Speaker 1 (01:56):
Today.
Speaker 2 (01:56):
There are things to be considered, there are things to
be changed, and there are things to be looked at. Again,
I think I need to go ahead and forewarn everybody
before we start. This information is really difficult to find.
I don't know if it's because the research is not
out there yet, the research is mixed up because of
circumstances beyond our own, or whether it's like economic circumstances
(02:20):
that have changed things, whether it's those tearfts that have
been in place, or whether it's the fact that inflation
has happened and so people are not able to buy
as much or do as much. There's a lot to
be said. Again, then there are a lot of bad players.
You can look at our social media platforms to see
the many bots that are on there the way you
(02:41):
would think, especially with platforms that once were left leaning,
Twitter which is no longer Twitter, even Blue Sky, which
was more for I think left leaning, it's kind of
kind of gone downhill as well, as well as you
know TikTok after its buy out, after a lot of
the administration, there's a lot of threatening after they've been thinky,
(03:04):
we've seen more and more biased looks and a lot
more bots coming into play. So there's a lot happening.
So with that, there aren't too many updates. I will say,
I know we're freshly into twenty twenty six, but we
don't even have that much information into the late year
of twenty twenty five. I think the latest that I saw,
honestly in some of the reports were in August of
(03:25):
twenty twenty five, and I thought at least we'd get
a little more than that. But we will say within
a couple of months of the boycott announcements, So whether
that happened January of last year. February of last year,
we had a blackout about economic blackout in February. We
have some of those statistics and we do want to
talk about that as well. This is also a reminder
(03:46):
that there are boycotts happening because I know this phase
is out. Oftentimes we finally like, did it work, and
we don't know. I'm going to go back to it.
And a lot of these brands and a lot of
these companies offer services that are convenient and accessible, so
I cannot let that go. We know that there are
those who just cannot participate, and that is understandable, and
(04:08):
for people to judge that, I think we need to
step back, do what we can do personally and let
everybody else do themselves. Like that's just what it comes
down to. Okay. So, with the cut of a DEI,
as well as sponsoring of the current administration and ongoing
gendercide around the world, there have been many lists of
companies to boycott, including Target, Tesla, Amazon, and more. So, again,
(04:32):
has it worked? I feel like that answer is a
yes no answer. I guess that's just gonna be. That's
just the reality of everything. Companies like Target, who has
hinged its marketing and sells to more left leaning and
diverse consumers. Have seen a pretty big hit. So this
is from a Forbes article from March of twenty twenty five.
(04:54):
They write Target's stock prices is down twenty four percent
from one hundred and thirty seven points on January twenty fourth,
the day Target cut its programs to one oh four
point seven on March fifteenth. Within that timeframe, the stock
is down ten percent from when the forty day kickoff
began on March fifth, accelerating an ongoing downward trend in
as stock crisis since late twenty twenty four. So it
(05:18):
has to be noted right now that Target has been
hit by a lot of different sides of the boycotts,
including the decision to change their DEI policies, to them
having pride related things, to them taking off the pride
related things again. So there was a big conversation in
the conservative world that would go into Target to try
(05:38):
to make videos of them having pride the memorabilia, especially
if it was geared towards kids. So they were hit
on like they could not find a ground to stand on.
With that, you can add the increased inflation and the
idea that Target is more luxury because you know, the
(05:59):
targ of it all came through than a place like Walmart,
which has not shown much change in their revenue or
stock prices. So when I went through a lot of
the articles and research, they based a lot more of
their success and fails on stock market changes, which is
(06:20):
really gross in itself because we know who this serves,
and we know who makes the most money and definitely
not the individual consumer. But so you'll hear me go
back and forth about that conversation with a lot more
like stock numbers than anything else. So Walmart, as we
just said, really did not see as much of a
(06:40):
downward spiral than Target, which again they are have been
on the list for boycott for years for plethora of reasons,
including like how they treat their employees, not unionizing, who
they bring in, who they target for like shoplifting type
of accusations, all of that, and it has been a secret.
Again the company does seem to lean right. A lot
(07:02):
of the donations they give to are conservative candidates, so
the impact again has not been that much. From the
usnews dot Com, this is their month's report, which was
from twenty twenty six This is a more recent report.
Walmart may have been deemed by moderate reputational risk and
regional store revenue losses, but the stock has held up
well with a thirty two point five one year return,
(07:24):
So even though they do dip in consumership, when it
comes to stock prices, they hold strong. It's kind of
that's what they see as a success in a business. Again,
Companies like home Depot, who again was also very leaning
a conservative, but now they're going to add the whole
like supporting ICE to detain laborers, so they kind of
(07:46):
have a renewed boycott. They have been hit pretty hard.
Actually again this may be due to the renewed interest
in the newest latest call for boycott because of their
cooperation with Ice. Again back to that US News report
that it was initially hit hard from its DEI rollback.
It fizzled. That boycott kind of fizzled away and people
(08:06):
kind of ignored it. But the overall worth has remained
flat in its downward spiral, which may have again something
to do with the economy and people doing less home
projects and less renovations because they cannot afford the amount
of costs, which apparently like cost of wood went up exponentially,
so if you're trying to like build things, you're not
(08:27):
gonna be able to afford it. As well as the
fact that the day laborers are gone and scared, and
those are the people who they would use to have
these renovations. So there's a lot that's going down. So
even though they've stayed flat, that means they have not
gained profits. So that's good news home Depot. If you're
looking at this as a boycott, that was a win.
(08:48):
That was a win for many people, which I'm kind
of surprised by honestly, again because home Depot has always
been known as a conservative company. So Amazon, which is
also considered a like a more conservative company, they also
have been impacted by the boycotts. Again back to that
US News article, they had significant drop with consumers, but
(09:10):
that doesn't necessarily translate in that stock world that we
talked about. They have gone up in the last twelve months,
but the profits are minimal in comparison to years before.
So though it is going up, it's not as profitable
as it once was, which makes a difference. Even if
they are not showing that they're going down, the fact
that they're making less than usual. Is kind of a
(09:32):
fearful state for them, even though there are billions of
dollars in that company, So you know, you know, it's
still something that we work on. Again, this is one
of those companies we talk about when it comes to accessibility.
It really does make a difference for a lot of
people who are not able to go out or who
are immunocompromised and are able to stay home and get delivery.
These are things that are accessible. And I will say, like,
(09:53):
for me, a lot of the times I'd rather not.
I was like, is this Am I going to Amazon? Walmart?
Or Target? Yeah? Which which devil do you choose? On
this one? Tesla? And this is from Forbes dot Com
Tesla's share prices. This again, this was immediately after doage began,
so I believe these numbers are from March as well.
(10:15):
Forty percent since December, with more than five hundred billion
dollars being wiped off the company's value. Beyond just the
United States, Musk's effort have triggered a global reverberation as
sales across Europe have slumped for the automaker, and I
think in general, like they are trying to get rid
of these Tesla's, the cyber truck really kind of hit
a halt with its purchases. I haven't seen the numbers
(10:39):
since then because I haven't feel like it's like steadily
in place. But that dip was a hard dip, and
I love to see it, to be honest, I'll love
to see it and then her the blackouts that have
(11:01):
happened in the past several years. I know we've chosen
different times, including Black Fridays. I believe people don't shop
on those days, as well as cyber Mondays, which were
trickeries that were happening with a lot of these online
places because they would uptick their prices and pretend like
they were given discounts, which is a whole another level
of disgusting to me. But I will say I didn't
(11:24):
see too much about the aftermath of these blackouts, like
did this work, how many people participated, what companies did hurt?
But numerator dot Com did give some good numbers and
research facts. They based it on sales on Fridays, which
is typically apparently a bigger days of sales because it's
payday for many people. All those different things, And this
(11:45):
is from their twenty twenty five article, and it reflects
the blackout that happened in February of twenty twenty five.
I believe on the day of the economic blackout, we
observed a dip in shopping activities across channels and categories.
Fewer households made purchases. Both cells and trips were down
versus the average Friday. However, at a total market level,
these changes generally fell within the range of typical week
(12:07):
to week variation and were not statistically significant. So this
is one of those things like, yes, we saw a change,
but did it make a huge change that people really
were fearful companies were fearful. That's again that not really
but kind of. So they wrote a bit about market
wide impact. So overall, the market wide impact they wrote,
(12:29):
across all retailers and channels FMCG, online, restaurants, and more,
household penetration was down by two percentage points compared to
an average Friday. Sales fell five point four percent and
shopping trips were down four point one percent. While noticeable,
these dips didn't meet the threshold of a statistical significance.
It's worth noting that the blackout encouraged essential purchases to
(12:51):
be made locally if necessary, which may have dampened the impact. Now,
I will say there was a lot in conversation from
those who were leaders of these blackouts who did encourage
to go buy locally, and so those reflections may have
made a difference and made me more significant than we
know because people tried to do that. I will say,
we have like local markets here, we have to cap
(13:14):
farmer's market which is locally owned. We have a beautifore
farmer's market which is also locally owned. So those places
like that that would get our money better quality, less money,
but that still went into sales. So I am interested
in seeing what that would look like. Again, I did
not find those numbers. It just talked about the impacts
(13:35):
more like pre beforehand rather than the aftermath. Again, however,
in that same report, they did talk about the more
visible impact, which was on the retailer level, which we'd
love to see. So they wrote the blackouts effect were
more visible at select retallers, namely Amazon, Target, and Walmart,
where household penetrations dropped by two point two percentage points
(13:57):
from twenty four point nine to twenty two points seven.
This was a statistically significant decline, suggesting influence beyond standard
week to week variation. Cells at these retailers fell by
six point two percent and trips declined by seven point
five percent. While those jobs did not quite hit the
significant threshold, they were notably steeper than the total market declines.
(14:19):
According to a Numerator survey fielded the night before the blackout,
these three retailers were the most likely to be targeted
by participating consumers, so they report that though the overall
success wasn't necessarily huge, though it was significant, though it
was noted it was the overall ability to mobilize and coordinate,
which has has always been a concern for the government.
(14:41):
So we were able to see that, yes, this can
make a difference, we just have to press it harder
and harder. So we saw that it made some significant
dents into bigger corporations, which is exactly the point. So
is not a total fail. It wasn't the most successful,
but it isn't a fail, And of course there's so
(15:02):
much more to be done. There are comprehensive lists that
you can find that participate in boycotting, whether it's in
protests of the government, the deportations, the genocide, those who
are anti union. There's so many things that you could
choose to protest for, and they are sometimes like, yeah,
they're all the above, let's just say no to these
(15:22):
companies if we can. Some of the lists that you
can find that have these resources are a BDS, the Boycott,
divest In Sanctions, the Ethical Consumers, and the People's Union USA.
They have some lists that you can look through. I
think again, this is a hard thing to do when
you live in a very consumer driven world, especially in
a country that's very consumer driven as well, and convenience
(15:45):
has been one of the biggest markers of what we buy.
You do what you can. It's hard to figure this out,
and you want to be a consumer who was responsible,
do what you can, be kind to yourself, and do
what feels right to you. Again, I think these are
one of those things that when we have a target
and we have a bigger organizing level, it does work well.
(16:09):
But again we have to understand this is not black
and white in that we have talked about accessibility, we
have to talk about just being able to live, affordability.
There's so many things in this conversation and who has
privileged to do what, but don't give up hope because
it does make a difference.
Speaker 1 (16:30):
It does, It really does. And we've really been Samantha
and I have definitely really been grappling with all of
this and what can we do and where and so
understand that we're with you listeners if you feel the
same of where can I do this? Where can I not?
(16:53):
But yeah, we would love to get some any resources
from you listeners of go to this company for ethical consumerism.
We love it, yes, so please send those our way.
You can email us at Hello at Stuffwenever Told You
(17:13):
dot com. You can find us on blue Sky at
mom Stuff podcast, or on Instagram and TikTok that Stuff
Never Told You. We're also on YouTube and we have
any merchandise atcom Bureau, and we have a book you
can get where if you get your books. Thanks it's
always to our super producer Christina or executive Priustin and
your contributor Joey. Thank you and thanks to you for listening.
(17:33):
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