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Today’s Top Retail News Stories

  1. The RealReal raised $300 million in its IPO Thursday, with shares rising nearly 50% today, exceeding a billion dollar valuation and reaching unicorn status. The firm is a major player in the growing resale space, but entirely focused on luxury brands unlike competitor ThredUp.
  2. Reportedly SoftBank is withholding $100M of their $200M investment in Brandless until, the company meets certain financial goals. Earlier this year, the company brought in Former WalMart COO John Rittenhouse as their new CEO.
  3. Rent the Runway is placing drop boxes in select Nordstrom locations, with plans for expansion, as the partnership makes the return process more accessible and increases foot traffic into Nordstrom stores.  This is the second such partnership for Rent the Runway with, the first being with WeWork.

Source: Secondhand luxury retailer The RealReal jumps almost 50% after IPO

Source: SoftBank hasn’t paid e-commerce startup Brandless $100 million of its investment, and there are conflicting stories about what’s going on, according to a report | Business Insider

Source: Rent the Runway is bringing its drop boxes to Nordstrom stores

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Retail, Top News

Chris Walton View All

Chris Walton is an accomplished Senior Executive with nearly 20 years of success within the retail and retail technology industries. He is well-versed in merchandising, store operations, inventory management, product design, forecasting, e-commerce, pricing and promotions, and tech product development.

Chris was most recently a Vice President with Target, where he led the retailer’s Store of the Future project and also ran the Target’s home furnishing division for e-commerce. He previously worked for GAP, Inc., as a Distribution Analyst and Manager.

Chris holds a BA in Economics and History from Stanford University, and a MBA from Harvard Business School.

He likes to dress as Darth Vader for Halloween, and his wife also frequently asks him to ask Alexa, "to turn off the music."

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