Today, at Walmart’s annual Shareholder’s meeting, Walmart Marketplace, one of the fastest-growing ecommerce platforms, announced a more than 200% YTD growth in its pre-loved luxury fashion segment. They have revealed new partnerships with PrettyGarden, Bag, Borrow or Steal, and BeckerTime, as well as an expansion with StockX.
Highlights of Walmart Marketplace pre-loved luxury fashion growth include:
- Growth in Pre-Loved Luxury Fashion: Pre-loved luxury fashion segment saw a more than 200% increase YTD.
- Expansion with StockX: Partnered with StockX for certified-new Nike, UGG and other popular luxury sport and lifestyle brands. Starting with a few hundred SKUs, will soon to expand to over 15,000 SKUs, including more than 1,200 children’s SKUs, just in time for back-to-school.
- New Partnership with PrettyGarden: Launched a partnership with PrettyGarden, the #1 selling fashion brand on another online marketplace, offering the perfect price point for budget-conscious Walmart customers.
- New Partnership with Bag, Borrow or Steal: With the success of ReBag and Walmart Marketplace’s Pre-Loved Luxury Fashion program, to meet customer demand, Walmart has onboarded luxury handbag seller Bag, Borrow or Steal. Today, Louis Vuitton is the top-selling handbag brand on Walmart Marketplace, followed by Gucci.
- High Demand for Pre-Loved Watches: Pre-loved watches are popular on the marketplace, with Rolex as the top-selling brand. This category has grown by 32% YTD. To meet demand, the company partnered with Brecker Time, specializing in pre-owned brands like Rolex.
Walmart Marketplace continues to elevate its profile as a digital shopping destination by adding more in-demand, higher profile brands that customers search for but wouldn’t typically expect to find at Walmart.
