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Today’s Top Talk Powered by Xenia Retail

  1. Costco acquired logistics company Innovel Solutions from Transform Holdco, the operator of Sears and Kmart stores, for $1 billion in cash. Coverage from Colin Kellaher and Suzanne Kapner.
  2. Macy’s said it will close all its Macy’s, Bloomingdale’s and Blue Mercury stores through March 31 and will continue workers’ pay and benefits. Story by Maria Halkias.

Source: Costco Buys Logistics Firm From Sears Owner for $1 Billion | WSJ

Source: More stores close: Nordstrom, Neiman Marcus, Macy’s, and family-operated retailers cut hours | Dallas News

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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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