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Today’s Top Talk

  1. Bed Bath & Beyond announced they are cutting 7% of their corporate staff and are eliminating the COO position. The stock has struggled in 2019 and the CEO has named resetting cost structure and refining organizational structure as key initiatives.
  2. Wakefern, operator of ShopRite, has announced a partnership with Takeoff Technologies to create an automated warehouse to fulfill online grocery orders.
  3. UPS will be adding pickup and shipping sites to CVS pharmacy, Advance Auto Parts, and Michael’s around the country. The new locations would double the current amount of UPS Access Points and offer a secure site for customer’s to ship their packages.

Source: Bed Bath & Beyond to cut 7% of corporate staff, eliminate operating chief role | CNBC

Source: Wakefern opens robotics-driven warehouse for online grocery | Supermarket News

Source: UPS to get space in CVS, Michaels, Advance Auto Parts stores for package shipping, pickup | Yahoo

Categories

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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