The Modern Retail Podcast

Iris Nova founder Zak Normandin: Being on Amazon is a defense strategy


Listen Later

Iris Nova founder Zak Normandin is betting on a suite of "no or low" sugar drinks -- sparkling teas, seltzers and lemon juices -- and on a new way to sell them.

"Every brand has a phone number," Normandin explained on the Modern Retail Podcast. "When you want to place an order for a product you just pull out your phone, you text the brand directly."

His lemonade brand, Dirty Lemon, has sold more than 2 million bottles since its founding in 2015, and per Forbes, 90% of those sales happened via text. And Iris Nova now is growing more, thanks to a cash injection of $15 million from Coca-Cola -- to whom, he said, he's open to selling to. "I think that that's probably the best path forward for us unless we can get to a place where, very quickly, where the company is profitable," Normandin said.

Normandin called his research into the Asian market "inspiration" for the text message payment system. "I found that in Asia it was probably the most exciting, just the speed at which the market is moving is much different than here in the States," Normandin said.

He talked about the fading clout of influencers, the tough path forward for direct-to-consumer companies and the value of text robots (even if none has passed the Turing test) on this week's episode.

...more
View all episodesView all episodes
Download on the App Store

The Modern Retail PodcastBy Digiday

  • 4.6
  • 4.6
  • 4.6
  • 4.6
  • 4.6

4.6

76 ratings


More shows like The Modern Retail Podcast

View all
Shopify Masters by Shopify

Shopify Masters

379 Listeners

The Digiday Podcast by Digiday

The Digiday Podcast

104 Listeners

Digiday Live by Digiday

Digiday Live

7 Listeners

How I Built This with Guy Raz by Guy Raz | Wondery

How I Built This with Guy Raz

30,234 Listeners

The Glossy Podcast by Glossy

The Glossy Podcast

256 Listeners

The Business of Fashion Podcast by The Business of Fashion

The Business of Fashion Podcast

578 Listeners

9 to 5ish with theSkimm by theSkimm

9 to 5ish with theSkimm

1,872 Listeners

Second Life by Second Life

Second Life

2,856 Listeners

Career Contessa by Career Contessa

Career Contessa

476 Listeners

RETHINK RETAIL by RETHINK Retail

RETHINK RETAIL

51 Listeners

The CMO Podcast by vYve & Jim Stengel

The CMO Podcast

349 Listeners

Morning Brew Daily by Morning Brew

Morning Brew Daily

3,000 Listeners

The Hustle Daily Show by Hubspot Media

The Hustle Daily Show

235 Listeners

The Debrief by The Business of Fashion

The Debrief

44 Listeners

OPERATORS by OPERATORS

OPERATORS

48 Listeners

Fashion People by Audacy | Puck

Fashion People

227 Listeners

Everybody's Business by Bloomberg and iHeartPodcasts

Everybody's Business

92 Listeners