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After Hours

Nike, Walmart, and Costco Defying the Odds, plus Letters from Listeners

After Hours

TED Audio Collective / Youngme Moon, Mihir Desai, & Felix Oberholzer-Gee

Hbr, Business/investing, Ideas, Mba, Economics, Professor, Business/management, News/business News, Management, News, Presents, Finance, Faculty, Harvard, Business

4.81.4K Ratings

🗓️ 20 October 2021

⏱️ 45 minutes

🧾️ Download transcript

Summary

Youngme, Felix and Mihir discuss how legacy retailers like Nike, Walmart and Costco have managed to defy the odds and outperform expectations, despite an onslaught of fresh competition. They also respond to more letters from listeners, including questions about President Biden’s $3.5 trillion spending plan and more.

Recent picks, and recommended reading/websites:

We invite you to email your comments and ideas for future episodes to: afterhours@hbs.edu. You can also follow Youngme and Mihir on Twitter at: @YoungmeMoon and @DesaiMihirA.

Transcript

Click on a timestamp to play from that location

0:00.0

Ted Audio Collective.

0:07.0

Hey listener, a quick favor.

0:09.0

We are conducting an audience survey and we'd be really grateful if you could take just a few minutes to respond.

0:14.0

Please visit survey.prx.org slash after hours to take the survey today.

0:21.0

That's survey.prx.org slash after hours.

0:25.0

Thanks.

0:30.0

Hi everyone.

0:38.0

You're listening to after hours.

0:40.0

I'm young me.

0:41.0

I'm Felix and I'm me here.

0:42.0

And how are you guys doing tonight?

0:43.0

Oh, pretty good, but we are in deep on Halloween right now.

0:47.0

Tell us more.

0:49.0

So you mean decorations?

0:51.0

No, no costume.

0:52.0

So, you know, we figured out a couple of years ago that, first off, I have this friend Alan who's amazing at costumes before his kids.

0:59.0

So immediately I got competitive and I have nowhere near his skills.

1:03.0

But we have figured out this little recipe for creating costumes at relatively low cost in terms of effort, but with high impact.

1:12.0

So last time we did it, it was candy.

1:14.0

Okay.

1:15.0

So one was like Skittles.

1:16.0

Yeah.

...

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