Walmart is stepping into the rising resale market by partnering with leading recommerce platform thredUP.
Marshal also pointed out,"Resale with a reputable partner is also very important as consumers are living in a more anti-viral society going forward -- so trusting the brand is very important."Walmart partners with ThredUp to enter the resale market.According to thredUP's upcoming 2020 annual report, the brand shared with"GMA" that 70% of consumers have bought or are now willing to buy secondhand.
"ThredUP's Resale-as-a-Service platform was built to meet consumers where they are and make it easy for retailers to offer customizable resale experiences," thredUP CEO and co-founder James Reinhart said in a statement."After spending the past decade becoming the world's largest resale marketplace, we are thrilled to join forces with the world's largest retailer to deliver a digital secondhand shopping experience to Walmart's troves of shoppers nationwide.
He continued,"More than ever, consumers are seeking value without sacrificing quality and style, and this partnership is yet another step toward a brighter, more circular fashion future."
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