Walmart is ready to get into the fashion resale field with its recent tie-up with ThredUp. ThredUp is an ecommerce company that is into buying and selling accessories, shoes, and clothes.
From Wednesday, the website of the big-box retailer will have thousands of previously owned items for children and women. Walmart is also ready to offer free shipping if the customers spend thirty-five USD or more. If they are not satisfied with any of the purchases, they can return it at the nearest Walmart outlet.
Walmart is aiming to expand the online fashion assortment at the time when it can grab a greater market share in accessories and apparel. The ongoing situation has been challenging for most clothing retailers. They had been shut down for months, and some of them are opening shops now to the limited number of customers. Top names like J.C Penney, J. Crew, and more have already filed for bankruptcy protection.
Walmart is one of the top names in the grocery business, though it has not been able to shine that brilliantly in the fashion department. Walmart has already acquired bonobos, a menswear company, and Eloquii, an apparel company for plus-sized women. Exclusive clothing lines have been launched in collaboration with Sofia Vergara and Ellen DeGeneres. Walmart has also revived Scoop, which is a trendy brand that had stores all over New York City at one point.
The head of fashion for the ecommerce business of Walmart in the U.S.A, Denise Incandela, has stated that talks were on with ThredUp for more than a year now. Given the current situation, she believes that purchasing fashionable, yet affordable clothes might have greater relevance than ever. She has not revealed any financial details about this partnership.
