- An analyst at RBC Capital Markets stated in a research note that Amazon’s move to one-day shipping will generate an additional $24B in revenue and drive the stock price to $2,600, nearly a 50% increase to its current price.
- Lululemon has unveiled a luxury streetwear brand named “Lab” which it has been experimenting with since 2009. The collection will only be available at 10% of stores as its planned to be more expensive and more exclusive than Lululemon’s main line.
- Amazon is now processing returns for online orders at some Amazon Go locations. The initiative could end up saving the retailer a great deal of “reverse logistics” expense as Amazon Go locations grow and Amazon is processing returns at more physical locations.
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."