Today’s Top Talk
- J.C. Penney stock surged this morning as the firm announced quarterly losses have been cut in half and they are joining Macy’s in partnering with thredUP to sell used clothing.
- Walmart beat Q2 expectations on both revenue and earnings with same-store sales up 2.8% and the retailer predicted U.S. sales will be on the high end of their previous guidance of 2.5%-3%. The company also reported that their NextDay delivery service covers about 75% of the U.S. population.
Source: JCPenney Halves Losses, Will Begin Selling Used Clothing | New York Times
Source: Walmart beats sales expectations, boosts guidance | Yahoo Finance
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."
