#walmart

emptyage
But Apple might not be the right behemoth to use as a benchmark for Amazon’s recent performance. In 1994, Walmart’s net sales topped $60 billion for the first time, the neighborhood that Amazon’s playing in today. A decade later, Walmart’s sales had nearly quadrupled to $256 billion. Last year, Walmart’s sales clocked in at just south of $444 billion.

The rebooting of J.C. Penney is apparently underway. Why do I care at all about this? Because Ron Johnson, the man who led Apple’s amazing retail strategy for the past decade, is now the CEO of J.C. Penney.

It will be fascinating to see what Johnson does to this century-old retail chain. Many technology-focused shops are undergoing their own makeovers to be more Apple Store-like in a variety of ways. We’ll see if it can work in the broader retail space. If it can, Johnson is clearly the man to pull it off.

Fun fact: did you know that Sam Walton worked at a J.C. Penney 22 years before he founded Walmart?