Reportedly, Gap Inc. is launching its new brand of home products that will be available exclusively on Walmart’s (WMT) website in June, making it the first fashion retailer to get into a multi-year partnership with Walmart in home furnishing. The home goods market has witnessed increasing demand over the past year as the COVID-19 pandemic has kept millions in isolation and spending more time in their homes. The U.S. home furnishings market is about $163 billion, according to Euromonitor.
The range will feature more than 400 items including tabletops, bedding, and bath products, and will be available from June 24.
Walmart Stores, Inc. (WMT) is a worldwide retailer that operates in various formats. The three segments of the company include Walmart U.S., Walmart International, and Sam’s Club. The company is comprised of discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, apparel stores, drug stores, convenience stores, and membership-only warehouse clubs; and retail Websites. To learn more about Walmart (WMT) and to continue to track its progress please visit the Vista Partners Walmart Coverage Page.
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