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Today’s Top Talk

  1. Wayfair’s first physical store opened today in Natick, Massachusetts. Susan Frechette, Wayfair spokesperson, stated, “For us, we see the store as just another channel that we use to engage with our customers and showcase all that Wayfair has to offer.” Customers will also be able to experience the “Wayfair Home Bar” to design a home and experience it in virtual reality.

  2. ThredUp, the on-line fashion resaler, announced a new platform called Resale-As-A-Service that offers partners three services: a loyalty program, an in-store pop-up, or an online collaboration. The firm which has partnered with multiple brick and mortar retailers raised $100 million in a new funding round along with a previously undisclosed $75 million.
  3. Target’s stock was up 20% today as it beat Q2 revenue and earnings expectations via sales and traffic increases. The company raised its full-year guidance and attributed nearly 1.5% of its same-store sales growth to same-day fulfillment services such as in-store pick up, drive up, and Shipt same-day delivery.

Source: Take a look inside Wayfair’s first physical store set to open inside the Natick Mall this week | Mass Live

Source: ThredUp Unveils New Platform And $175 Million In Funding As Resale Trend Accelerates | Forbes

Source: Target shares surge 19% as second-quarter profit jumps and earnings outlook is hiked | CNBC

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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