Walmart gets thrifty!

by | May 28, 2020

Walmart is dipping its toe into the fashion resale market with ThredUp, an e-commerce company that buys and sells secondhand clothes, shoes, and accessories.

You can now browse thousands of pre-owned items on Walmart’s website — and if you spend $35 or more, you can get free shipping from Walmart. Plus, if your purchase doesn’t work out, you can easily return the item at a nearby store.

For Walmart, the deal with ThredUp is a way to expand its online fashion offerings and get in on the sustainability trend. And it couldn’t have come at a better time. Many clothing retailers have filed for bankruptcy protection or closed some of their stores all together due to the coronavirus pandemic.

Plus, for Walmart’s customers, the lower-priced second-hand brand name clothes may resonate at a time when millions of Americans are unemployed, furloughed, or coping with pay cuts.

For ThredUp, the deal will put the company’s accessories and clothing in front of a larger audience. “We’re a small fish compared to Walmart and so the ability to tell our story to a Walmart audience is really powerful,” said ThredUp CEO and co-founder James Reinhart.

A designer label and a Walmart price tag — what more could you ask for?

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