The world’s largest retailer, Walmart, is making its first foray into the resale market.
Through an online partnership with resale platform thredUP, Walmart shoppers can now find around 750,000 pre-owned items at www.walmart.com/thredup. Walmart will dip its toes into the resale market starting with women’s and children’s clothing, accessories, footwear and handbags.
The launch comes at a time when consumers the coronavirus pandemic has caused consumers to be more budget conscious. Personal spending in the U.S. has massively dropped by 7.5% on a monthly basis, according to Finbold. Data compiled by Finbold reveals that compared to February 2020, U.S. personal spending in March has seen the worst performance since 1959, the largest decline on record.
