Wal-Mart, the world’s largest retailer, will introduce one of the world’s largest second-hand clothing sales sites to its website,media reported, its first foray into the fashion resale market. Starting Tuesday local time, ThredUp will sell nearly 750,000 second-hand women’s and children’s wear and accessories from a wide range of brands including Nike, Carter’s, Michael Kors and Calvin Klein on Walmart.com.
It is understood that The Products from ThredUp come from people who want to make some money to clean up their wardrobes. Like other second-hand fashion sites such as Poshmark and The RealReal, ThredUp takes pictures of items and puts them online, and then, like a typical consignment store, shares the proceeds with clothing owners.
While Wal-Mart is not known for selling high-end fashion, its platform already sells second-hand luxury watches and handbags.
The partnership could benefit both retailers, with Wal-Mart gaining another well-known partner and a partner in its independent seller market, while ThredUp has gained access to Wal-Mart’s growing online marketplace. Wal-Mart beat eBay to become the second-largest e-commerce site in the United States this year, but still lags significantly behind online retail giant Amazon.
Selling packaged clothing on Wal-Mart’s website may appeal to new customers willing to try resales and consignments, as a weak economy could force more households to find ways to save money. Also considering that both Amazon and eBay are open markets and Wal-Mart is a closed market means it will censor all independent sellers on its website, which would give consumers fewer choices than competitors but may be able to avoid counterfeits and counterfeit goods.
It is understood that customers who buy ThredUp items on Wal-Mart’s website can enjoy free door-to-door delivery for purchases of more than $35, as well as free returns on the Wal-Mart Store or ThredUp website.
Unfortunately, Wal-Mart did not disclose financial details of its partnership with ThredUp.