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Today’s Top Talk

  1. Le Tote is acquiring Lord & Taylor for $100 million from Hudson’s Bay. The deal will give Hudson’s Bay an equity stake in Le Tote, two seats on Le Tote’s board, retain ownership of its Lord & Taylor real estate, and the option to redevelop these locations starting in 2021.
  2. Enjoy, the e-commerce start up led by Ron Johnson, has raised $150M in Series C funding. The capital is meant to help the firm expand into the U.K. with British mobile network partner EE, aiming to reach 80% of U.K. households by 2020. The company aims to offer same-day delivery of electronic products with high quality personal service. Ron Johnson formerly held leadership positions at J.C. Penney, Apple, and Target.

Source: Hudson’s Bay to sell Lord & Taylor for $100 million to clothing rental service Le Tote | CNBC

Source: Ron Johnson’s e-commerce startup Enjoy raises $150M, expands in UK | TechCrunch

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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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