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Walmart teams up with ThredUp: The online market for second-hand fashion is heating up

(BUSINESS NEWS) Walmart has teamed up with a new partner to sell second hand clothes online, hopefully this partnership works out better than the last.

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In the beginning of May, Walmart announced its collaboration with ThredUp, the online secondhand fashion giant. The deal now allows users who order off ThredUp, through Walmart, to take advantage of big-box perks, such as free shipping and convenient returns at local franchises.

The alliance of the two stores is a good business deal for Walmart, whose effort to enter the fashion market has failed despite numerous attempts to embrace millennials. Walmart recently had no choice but to cut its losses and cancel a deal they made in 2018 with Jetblack, a text-based, world-at-your-fingertips shopping experience. The dominant grocery supermarket has also teamed up with notable celebrities like Ellen Degeneres, Kristen Bell, and Sofia Vergara to create fashion brands, but failed to create high traffic volume.

So, the attempt to pick up their clothing sales yet again may seem pointless. However, the difference with this deal is that, instead of investing (serving as a potential risk to lose capital), Walmart PARTNERED with ThredUp. Walmart is essentially opening up its fashion market, exchanging its notoriety for variety, while giving light to a smaller fish in the sea (ThredUp). It’s a win-win for both companies.

The collaboration does come with a price to smaller businesses whose doors have been forced shut due to the recent pandemic. The closures and restrictions have created a lack of game in the fashion market right now, and Walmart was quick to pick that up, expanding their clothing department and online services, at juuuuust the right time. For Walmart, a company that’s been looking to expand, this was the perfect opportunity.

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Small thrift shops depend on in-person shopping, and many heartened thrifters believe the experience of secondhand buying can’t be replaced online. There’s something about walking into a hard to find, crowded thrift store, spending $9 and leaving with the two tops meant for you that you just can’t get online. The collaboration of Walmart and ThredUp do however, open up the door for secondhand fashion to many who would usually overlook the option. As so, as many other retailers watch what Walmart does, hopefully the partnership will also inspire a commercial way to expand into an eco-friendly, sustainable fashion market among other companies.

Nicole Kiernan is a Staff Writer at The American Genius who is chasing her dreams while pursuing her MFA in Creative Writing from Queen’s College, NY. A lover of all things literature, within her, poetry lives the loudest. As a single Mama, she spends her days running after her little human, however, seeking to redefine the world, she spends her nights curating, writing and dreaming of all things entrepreneur. Feel free to check her out on Instagram at @_Nicolekiernan!

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  1. Pingback: Walmart teams up with ThredUp: The online market for second-hand fashion is heating up - The American Genius - Living Lifestyle

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