Walmart continues to plunge into fashion e-commerce, announcing a strategic partnership with the THUP resale mode market to register a large number of items on Walmart’s digital storefront.
With this partnership, more than 750,000 items from ThredUP will be available at walmart.com/thredup, starting today.
In particular, only clothing and shoe items marked as “new” or “as new” will be listed, although accessories and bags marked as “used softly” will also be available, Walmart said. Companies do not share details of the partnership revenue sharing model.
The ThredUP market, which calls itself the largest consignment and thrift store on the web, allows people to buy and sell secondhand women’s and children’s clothing. Instead of just connecting the seller to the buyer, the seller sends a lot of goods directly to the merchant who then checks and returns the items they don’t want and takes pictures and lists the items they do in the market. When an item is sold, thredUP handles the shipment of goods and pays the seller.
This partnership brings Walmart access to sales of a number of new fashion brands. The retailer has added more than 1,000 fashion brands to its website over the past few years, the company notes. This is not the first major partnership with an existing physical retailer the company has previously partnered with Macy and JCPenney on the in-store pilot launch program for curated item selections.
One of the biggest benefits of this partnership is the ability to print free shipping on orders above the Walmart $ 35 threshold as well as the ability to return items for free at the Walmart store.
ThredUP has raised more than $ 305 million from investors including Goldman Sachs Investment Partners, Irving Investors and Redpoint. The company shares that they closed $ 175 million in funding last August. Last year, CEO James Reinhart told TechCrunch that the team had grown to 1,200 employees and was on track to process their 100 million items by the end of the year.
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