1 00:00:05,200 --> 00:00:08,039 Speaker 1: This is what the flucks. I'm Brett and I'm Justin 2 00:00:08,119 --> 00:00:09,880 Speaker 1: and it's undated twenty ninth of July. 3 00:00:10,039 --> 00:00:12,160 Speaker 2: Juzzy boy, if you've finally got your head around fourteen 4 00:00:12,200 --> 00:00:14,760 Speaker 2: dollar pints of beer, you may need to sit down, 5 00:00:14,800 --> 00:00:17,520 Speaker 2: my friend, because beer prices are expected to go up 6 00:00:17,680 --> 00:00:21,480 Speaker 2: once agge again. A new tax on beer will kick 7 00:00:21,520 --> 00:00:24,680 Speaker 2: in this week, which puts more pressure on brewers and 8 00:00:24,760 --> 00:00:28,640 Speaker 2: pubs and more than likely consumers. So those pints they 9 00:00:28,720 --> 00:00:32,279 Speaker 2: could be at twenty bukaroonis in absolutely no time. 10 00:00:32,280 --> 00:00:35,320 Speaker 1: It's official. There is no more shouting beers done, am. 11 00:00:35,320 --> 00:00:37,559 Speaker 1: It's the very end of the month, which means if 12 00:00:37,560 --> 00:00:39,640 Speaker 1: you haven't chipped your credit score this month, now is 13 00:00:39,720 --> 00:00:41,640 Speaker 1: the perfect time. Did it go up, you go down? 14 00:00:41,680 --> 00:00:43,840 Speaker 1: And white We've got it all covered in the Flux 15 00:00:43,880 --> 00:00:45,800 Speaker 1: app to make sure you check out your credit score 16 00:00:45,840 --> 00:00:46,400 Speaker 1: to learn more. 17 00:00:46,520 --> 00:00:50,120 Speaker 2: Three revolutionary stories today, Juzzy boy, let's do it for 18 00:00:50,320 --> 00:00:54,160 Speaker 2: our first. Aldi Australia has announced that it's abandoning its 19 00:00:54,240 --> 00:00:58,120 Speaker 2: plan to offer online shopping because it's doing fine without it. 20 00:00:58,120 --> 00:01:00,360 Speaker 1: It's a bit of a subtle flex fromality there, man. 21 00:01:00,400 --> 00:01:01,760 Speaker 1: So how is the story here. 22 00:01:01,640 --> 00:01:04,520 Speaker 2: Well, Jazzy boy, Audi is, of course, the German supermarket 23 00:01:04,600 --> 00:01:07,960 Speaker 2: chain that's been in Australia since the year two thousand 24 00:01:08,160 --> 00:01:11,080 Speaker 2: and it's since become the third largest supermarket chain in 25 00:01:11,120 --> 00:01:13,160 Speaker 2: the whole wide country, with ten and a half percent 26 00:01:13,240 --> 00:01:16,080 Speaker 2: market share behind Coals and Woolies. Must be thanks to 27 00:01:16,120 --> 00:01:19,640 Speaker 2: those weekly special buy deals hard to pass up, jazzy boy. Now, 28 00:01:19,720 --> 00:01:22,160 Speaker 2: Audi has just announced that it's ditching its plans to 29 00:01:22,280 --> 00:01:23,559 Speaker 2: enter the online shopping space. 30 00:01:23,640 --> 00:01:26,959 Speaker 1: Yep. Apparently Audi's kicking enough goals with its in store 31 00:01:27,040 --> 00:01:28,880 Speaker 1: sales in the last three months. 32 00:01:28,880 --> 00:01:32,120 Speaker 2: We're talking five point one percent growth in new households 33 00:01:32,160 --> 00:01:33,600 Speaker 2: shopping at Audi, and. 34 00:01:33,560 --> 00:01:37,640 Speaker 1: They reckon introducing online shopping will actually significantly impact its 35 00:01:37,720 --> 00:01:38,520 Speaker 1: cost structures. 36 00:01:38,640 --> 00:01:42,679 Speaker 2: Think warehouses, think distribution centers. So Audi's gone back on 37 00:01:42,720 --> 00:01:45,120 Speaker 2: their plan for online and plans to stick to the 38 00:01:45,240 --> 00:01:48,400 Speaker 2: in store experience in Australia, even if the supermarket top 39 00:01:48,440 --> 00:01:50,960 Speaker 2: dogs are doing things differently. I love this sort of stuff, 40 00:01:51,000 --> 00:01:52,880 Speaker 2: juzzy boy. So tell me what is the key learning 41 00:01:52,920 --> 00:01:55,240 Speaker 2: here to be a tough competitor. You've got a play 42 00:01:55,520 --> 00:01:57,840 Speaker 2: to your strengths now, Josey boy. We know that the 43 00:01:57,880 --> 00:02:00,440 Speaker 2: supermarket giants are expanding their online present yep. 44 00:02:00,440 --> 00:02:03,200 Speaker 1: We saw Williz acquire milk Rund last year and bring 45 00:02:03,240 --> 00:02:05,840 Speaker 1: the brand into their online delivery ecosystem. 46 00:02:05,880 --> 00:02:08,639 Speaker 2: We've also seen Coles online sales up twenty nine percent 47 00:02:08,720 --> 00:02:10,280 Speaker 2: in the first half of this year. 48 00:02:10,440 --> 00:02:13,359 Speaker 1: But Audi is playing a very different game and they're 49 00:02:13,360 --> 00:02:16,679 Speaker 1: sticking to their guns by focusing on in store sales only. 50 00:02:16,480 --> 00:02:18,560 Speaker 2: And juzzy boy, if you don't mind me saying, it 51 00:02:18,760 --> 00:02:19,800 Speaker 2: really seems to be working. 52 00:02:20,000 --> 00:02:23,280 Speaker 1: Yep. Despite not offering online sales, Audi gained the most 53 00:02:23,360 --> 00:02:25,919 Speaker 1: market share in the supermarket sect up for the last quarter. 54 00:02:26,080 --> 00:02:28,880 Speaker 2: And it's not only the online grocery train that marches 55 00:02:28,919 --> 00:02:30,360 Speaker 2: to the beat of its very own drum. 56 00:02:30,480 --> 00:02:33,079 Speaker 1: Nope, we've got Costco sales, chip packets the size of 57 00:02:33,120 --> 00:02:36,680 Speaker 1: small children. We're talking wholesale quantities for wholesale prices, and 58 00:02:36,720 --> 00:02:39,320 Speaker 1: they saw their sales jump twenty percent in Australia from 59 00:02:39,360 --> 00:02:40,839 Speaker 1: twenty twenty two to twenty twenty three. 60 00:02:40,919 --> 00:02:44,200 Speaker 2: So perhaps Audi will continue winning over market share despite 61 00:02:44,320 --> 00:02:47,320 Speaker 2: keeping things old school with just good old fashioned in 62 00:02:47,520 --> 00:02:48,440 Speaker 2: store sales. 63 00:02:48,560 --> 00:02:52,400 Speaker 1: For our second story, Chat GPT's creator open Ai is 64 00:02:52,440 --> 00:02:55,880 Speaker 1: officially coming after Google Search after launching its new search 65 00:02:55,919 --> 00:02:57,960 Speaker 1: feature Search GPT. 66 00:02:57,760 --> 00:03:02,840 Speaker 2: Chat, GPT Search GPT what is next? Perhaps drive GPT 67 00:03:03,040 --> 00:03:04,520 Speaker 2: tell me more about this one, juzzy boy. 68 00:03:04,560 --> 00:03:07,000 Speaker 1: Okay, So back in November twenty twenty two, open ai 69 00:03:07,120 --> 00:03:10,480 Speaker 1: released their first publicly available AI product that was Chad 70 00:03:10,560 --> 00:03:11,519 Speaker 1: GPT three. 71 00:03:11,400 --> 00:03:14,480 Speaker 2: And this was the first product that really really brought 72 00:03:14,480 --> 00:03:16,440 Speaker 2: public awareness to the power of AI. 73 00:03:16,520 --> 00:03:18,920 Speaker 1: Who new AI could write your university essay for you? 74 00:03:19,080 --> 00:03:22,079 Speaker 2: Who knew AI could help you write a breakup text 75 00:03:22,080 --> 00:03:22,720 Speaker 2: to your ex? 76 00:03:22,800 --> 00:03:24,840 Speaker 1: Who new AI could pretty much do your whole job 77 00:03:24,880 --> 00:03:27,200 Speaker 1: for you? Looking at you, young lawyers? Huh? 78 00:03:27,280 --> 00:03:30,720 Speaker 2: But now open ai has hit Google directly where it 79 00:03:30,800 --> 00:03:33,200 Speaker 2: hurts in its cash cow business search. 80 00:03:33,360 --> 00:03:36,320 Speaker 1: That's because it just released search GPT, which is a 81 00:03:36,360 --> 00:03:39,320 Speaker 1: search feature that gives you timely answers to your question 82 00:03:39,440 --> 00:03:41,520 Speaker 1: and be man. People are already starting to call this 83 00:03:41,760 --> 00:03:43,240 Speaker 1: the Google killer bang. 84 00:03:43,280 --> 00:03:45,520 Speaker 2: But juzzy Boy, Search GPT is going to have to 85 00:03:45,520 --> 00:03:47,720 Speaker 2: do more than just compete with Google. It also needs 86 00:03:47,760 --> 00:03:51,120 Speaker 2: to compete with its public perception of killing media businesses. 87 00:03:51,240 --> 00:03:52,760 Speaker 1: So what is the key learning here? 88 00:03:52,880 --> 00:03:57,280 Speaker 2: Business success requires conquering market competition, but also juzzy boy 89 00:03:57,360 --> 00:03:58,720 Speaker 2: also public opinion. 90 00:03:58,800 --> 00:04:01,240 Speaker 1: The idea behind AI s is that it doesn't just 91 00:04:01,320 --> 00:04:04,160 Speaker 1: provide a list of hyperlinks to websites like Google Search 92 00:04:04,200 --> 00:04:05,680 Speaker 1: does today no no, no, no new. 93 00:04:05,920 --> 00:04:08,720 Speaker 2: It captures results from thousands, if not hundreds of thousands, 94 00:04:08,760 --> 00:04:11,000 Speaker 2: if not millions, of sites, provides a written overview with 95 00:04:11,040 --> 00:04:12,280 Speaker 2: their short description. 96 00:04:12,080 --> 00:04:14,720 Speaker 1: As well as maybe a link to that site down 97 00:04:14,720 --> 00:04:15,080 Speaker 1: the track. 98 00:04:15,200 --> 00:04:18,880 Speaker 2: But many websites and publishers are concerned about the change 99 00:04:18,920 --> 00:04:21,000 Speaker 2: to the way search has been done. That's because AI 100 00:04:21,120 --> 00:04:25,920 Speaker 2: generated overviews can significantly cannibalize traffic to their websites. In fact, 101 00:04:26,200 --> 00:04:29,680 Speaker 2: one study found that some AI generated overviews could negatively 102 00:04:29,760 --> 00:04:32,800 Speaker 2: affect about twenty five percent of publisher traffic. 103 00:04:32,640 --> 00:04:36,600 Speaker 1: Because they emphasize the descriptions and de emphasize the article links. 104 00:04:36,680 --> 00:04:39,160 Speaker 2: So, juzzy Boy, not only does search GBT need to 105 00:04:39,200 --> 00:04:42,400 Speaker 2: battle with competitors like Google, but also needs to wage 106 00:04:42,440 --> 00:04:44,800 Speaker 2: a pr battle for consumers. 107 00:04:44,960 --> 00:04:48,320 Speaker 1: For our third and final story, and there's the luxury 108 00:04:48,360 --> 00:04:51,120 Speaker 1: retailer has bucked the trend of other luxury brand by 109 00:04:51,160 --> 00:04:54,400 Speaker 1: reporting a thirteen percent rise in second quarter sales. 110 00:04:54,560 --> 00:04:57,839 Speaker 2: Wesell, Burke and Market also going berserk. I'm told, juzzy boy, 111 00:04:57,960 --> 00:04:59,440 Speaker 2: what is it about these things? 112 00:04:59,480 --> 00:05:02,040 Speaker 1: Tell me more? And Meez is the French luxury design 113 00:05:02,080 --> 00:05:06,120 Speaker 1: house founded way back in eighteen thirty seven by Tieri Ermez. 114 00:05:06,320 --> 00:05:09,400 Speaker 2: It started by selling high quality saddles for horses if 115 00:05:09,440 --> 00:05:11,599 Speaker 2: you don't mind, and then moved onto bags for those 116 00:05:11,640 --> 00:05:12,359 Speaker 2: horse riders. 117 00:05:12,400 --> 00:05:14,120 Speaker 1: But over the years and Mez grew into one of 118 00:05:14,160 --> 00:05:17,320 Speaker 1: the most luxurious fashion houses in the whole wide universe. 119 00:05:17,400 --> 00:05:19,880 Speaker 1: In particular, and Mez is known for its luggage and 120 00:05:20,000 --> 00:05:23,560 Speaker 1: handbags like the Broken Handbag, the Kelly Handbag and Josie Boy. 121 00:05:23,600 --> 00:05:26,160 Speaker 2: These handbags they don't come cheap, they're handmade and take 122 00:05:26,200 --> 00:05:28,080 Speaker 2: about twenty four hours to produce and. 123 00:05:28,080 --> 00:05:30,559 Speaker 1: Be man they'll cost you at least twenty thousand dollars 124 00:05:30,640 --> 00:05:32,719 Speaker 1: for one of the most basic bags and Jusie Boy. 125 00:05:32,760 --> 00:05:36,240 Speaker 2: While Elvier Mahe and Kirring both missed their earnings forecast, 126 00:05:36,360 --> 00:05:38,359 Speaker 2: Omez just keeps steaming ahead. 127 00:05:38,440 --> 00:05:41,640 Speaker 1: It's quarterly sales jumped thirteen percent to three point seven 128 00:05:41,880 --> 00:05:43,320 Speaker 1: billion euros. 129 00:05:42,880 --> 00:05:45,000 Speaker 2: But that doesn't tell the whole story because it's fashion 130 00:05:45,040 --> 00:05:46,960 Speaker 2: accessories business actually. 131 00:05:46,720 --> 00:05:49,840 Speaker 1: Dropped, but the leather goods like bags grew just under 132 00:05:49,880 --> 00:05:50,799 Speaker 1: eighteen percent. 133 00:05:51,160 --> 00:05:53,560 Speaker 2: So what is the Tieri key learning here? 134 00:05:53,680 --> 00:05:56,279 Speaker 1: In the world of high end fashion, luxury goods often 135 00:05:56,320 --> 00:05:58,919 Speaker 1: hold their value over time, making them a type of 136 00:05:59,040 --> 00:05:59,880 Speaker 1: alternative In. 137 00:06:00,360 --> 00:06:04,000 Speaker 2: Luxury brands like Ermez, they have products that are inconsistent 138 00:06:04,200 --> 00:06:05,679 Speaker 2: that are in constant high demand. 139 00:06:05,800 --> 00:06:08,719 Speaker 1: In fact, they man Vestier, which is the secondhand marketplace, 140 00:06:08,760 --> 00:06:11,159 Speaker 1: so the Ermez's bags are the most in demand bags 141 00:06:11,160 --> 00:06:12,880 Speaker 1: on the whole platform for Josie. 142 00:06:12,640 --> 00:06:15,120 Speaker 2: Boy There's a method behind this mad success, yep. 143 00:06:15,200 --> 00:06:19,279 Speaker 1: Ermez intentionally maintains a low supply, particularly for bags like 144 00:06:19,320 --> 00:06:20,440 Speaker 1: the Birkin and Josie Boyd. 145 00:06:20,480 --> 00:06:23,799 Speaker 2: This scarcity often results in their products appreciating in value 146 00:06:23,839 --> 00:06:24,320 Speaker 2: over time. 147 00:06:24,400 --> 00:06:27,479 Speaker 1: Get this, Birken bags have appreciated and an annual growth 148 00:06:27,560 --> 00:06:29,840 Speaker 1: rate of fourteen point two percent over the past thirty 149 00:06:29,880 --> 00:06:31,239 Speaker 1: five years according to Vesta. 150 00:06:31,400 --> 00:06:34,039 Speaker 2: That means it's outperformed the S and B five hundred, 151 00:06:34,160 --> 00:06:36,200 Speaker 2: the ASX two hundred, and even Gold. 152 00:06:36,360 --> 00:06:38,000 Speaker 1: So Flax Fam, and next time you're shopping for a 153 00:06:38,080 --> 00:06:41,000 Speaker 1: luxury handbag, remember that it might actually be adding to 154 00:06:41,040 --> 00:06:43,599 Speaker 1: your investment portfolio as well. Fox Fam. Did you know 155 00:06:43,640 --> 00:06:45,800 Speaker 1: that banks can see a whole lot about you and 156 00:06:45,839 --> 00:06:48,320 Speaker 1: your credit report before even you do? And if you 157 00:06:48,360 --> 00:06:49,800 Speaker 1: want to know what the banks can see about you, 158 00:06:49,880 --> 00:06:51,240 Speaker 1: all you've got to do is head to the Flux 159 00:06:51,279 --> 00:06:53,479 Speaker 1: app and check your credit score, what's changed 160 00:06:53,520 --> 00:06:57,320 Speaker 2: Thanks for listening, and we'll see you on Wednesday.