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Today’s Top Talk

  1. 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.
  2. 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


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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