Walmart Joins Long Line of Retailers Partnering with Resale Site ThredUp
Retail Dive | May 27, 2020
Walmart is offering some 750,000 pre-owned women's and children's clothing, accessories, footwear and handbags through a new partnership with resale site ThredUp.
Apparel and footwear deemed "new" or "like new," and accessories and handbags deemed "gently used" have been selected by ThredUp for sale through Walmart's site, according to a blog post by Walmart U.S. e-commerce fashion chief Denise Incandela. ThredUp purchases through Walmart.com count toward the retail giant's free shipping on orders of $35 or more. While Walmart isn't selling ThredUp's goods through stores, the retailer is taking returns there.
ThredUp runs six of its own locations but is sold through many more stores run by legacy retailers, including Macy's, J.C. Penney, Madewell and Gap Inc. Such partnerships are a win for both, as bringing in used apparel drives foot traffic to stores, and the established retailers provide ThredUp with new customers, as told by Thredup CEO James Reinhart.
ThredUp's e-commerce site saw revenue rise 74% in the first quarter. This growth is nothing to discredit. Incandela says "This partnership is our latest move to establish Walmart.com as a destination for fashion and offer customers the pre-owned items they might be looking for," she also said. "We think they'll be surprised and delighted by what they find, and we're excited to inspire customers to look and feel their best."