The Associated Press reports that "Walmart is teaming up with online resale site ThredUP.com to offer nearly 750,000 items of used women's and children's clothing and accessories items on its website.
"The move, announced Wednesday, marks Walmart's entry into the used clothing business, which has been a retailing bright spot … The deal was in the works for the past year and represents ThredUP's first online shop with a major retailer. It signed partnerships last year with Macy’s and J.C. Penney to carve out areas in their brick-and-mortar stores."
- KC's View:
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It may have been a retail bright spot in the recent past, but it is likely to shine even brighter as we slide from pandemic to recession. This is a good place for Walmart is plant a flag.
