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Over the last few years, Walmart has focused on expanding assortment of quality, on-trend, accessible fashion to help customers outfit themselves no matter their personal style or budget. In fact, Walmart has added nearly 1,000 brands to online assortment, including national brands like Champion, Jordache and Levi Strauss. It also offer private label brands Time and Tru, Terra & Sky, Wonder Nation and George, and customers love their exclusive, elevated brands like Scoop, Sofia Jeans by Sofia Vergara and EV1 by Ellen DeGeneres.
Walmart will be offering even more fantastic brands with its entry into the popular fashion resale market through online partnership with thredUP, the leading resale platform for fashion and accessories at mass market prices. Customers can find nearly 750,000 pre-owned items across women’s and children’s clothing, accessories, footwear and handbags.
Items have been carefully evaluated and selected by thredUP for sale based on their overall quality and condition. Only pre-owned garments and shoes deemed ‘new’ or ‘like new’ by thredUP are available on Walmart.com. ‘Gently used’ accessories and handbags are also available.
To top it off, customers will have the added benefit of Walmart’s free shipping threshold on orders of US$ 35 or more and free returns to Walmart stores or thredUP – exclusive perks that have not been available to thredUP customers before.
“We are excited to join forces with Walmart to power a sustainable, secondhand shopping experience unlike any other. From Calvin Klein and Nike to Coach and Michael Kors, this digital partnership enhances Walmart’s fashion offering with fresh brands at amazing prices that their customers will love,” said Jenn Volk, Director of Product Management, thredUP.
According to thredUP’s upcoming 2020 Annual Resale Report, 70 percent of consumers have bought or are now willing to buy secondhand.
This partnership is the latest move to establish Walmart.com as a destination for fashion and offer customers the pre-owned items they might be looking for.
Immensely popular among sports lovers, Yuvraj is recognized for his dashing and matured looks, which in turn, are accentuated by his dressing sense. YWC combines futuristic designs with a sporty style, underlining his signature style statement. The brand finds favour among dedicated fans as well as fashion-forward shoppers who admire his sense of styling. The first year into its operations, YWC fashion label had registered a top line of ` 10 crore in the financial year 2016-17.
Mohit Bhayana, Head of Retail, M&S Reliance India shared the dynamics of the market with a sneak peek into the growth of this category seen within their brand, “The Indian market has rapidly evolved over the last decade – and continues to do so. There is a much wider range of choice in the market now, and online has radically changed the way the customers shop.
Operating profit margins of home textiles exporters is seen falling 300 basis points (bps) from this fiscal following pressure on export realisations stemming from a shift in the dynamics of US retail, and a reduction in incentives after the implementation of the Goods and Services Tax (GST).Many brick-and-mortal retailers in the US have pruned inventories and downsized stores to offset profitability pressures caused by the e-tail boom
Kabir Mehra and Samarth Hegde, who co-founded Herringbone & Sui, a brand that creates made-to-measure suits and Indian formal wear for ‘sophisticated men’, agree celebrity endorsement help in driving traffic on an e-commerce platform, but “it is the engagement with our platform that helps us convert business and retain customers”.
“As a trend men are more likely to shop on occasions, as opposed to indulging in the activity as leisure. They are also shoppers of habit and tend to research thoroughly on any expenditure they make when it comes to luxury ensembles. Given this, the online landscape has drastically changed,” Mehra told IANS.
The apparel market in India is evolving. Consumer tastes and demands are advancing at a fast pace. They want contemporary fits and styles and one homegrown brand which is giving them all this and much more is Prisma. A premium product from the house of Poomex, Prisma caters to both men and women in the sportswear, leisure and essential wear segments. It is one of the fastest growing companies in the category.With a state-of-art facility at its disposal, the focus is on creating an international benchmark with originality, great styling and the best of quality
“With all other parameters like internet penetration and online purchase trust building up, the lifestyle segment, which is an integral part of our journey, will be strongly favoured. By providing right products and keeping a tab on user’s evolving needs of servicing we can definitely witness a significant growth,” concludes Ena Bansal.
India’s leading footwear brand has launched its first exclusive store in Siliguri. The outlet is truly a shopper’s paradise offering an attractive range of fashionable footwear’s for men, women and kids. It houses the widest range of Relaxo popular brands like Flite, Bahamas, Sparx, Schoolmate, Maryjane, Boston and Kidsfun.Relaxo flagship store will cater to brand aspirants at Siliguri by providing specialized guidance/consultations regarding footwear to the potential consumers
“What makes it special is the fact that this fabric is made of wool that is only 11.4 micron thick (a micron is a millionth of a meter). This is approximately a fifth of the diameter of a human hair. This fibre comes from a breed of Australian Merino sheep that are renowned for their fine fleece. The quality is fare better than normal suit fabric. This is the lightest fibre with which a suit can be made. The suit fabrics of Super 250s may cost up to Rs 3 lakhs per meter,” says VP – Manufacturing, Raymond Ltd, Harish K Chatterjee.