The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
NEW YORK, United States — Walmart said on Wednesday that it would tie up with comedian and talk show host Ellen DeGeneres to launch a women's fashion line, its latest attempt to make deeper inroads into the apparel space and gain market share in the category.
The line, dubbed EV1, will feature nearly 60 items, ranging from denim, T-shirts bearing Ellen quotes, accessories and footwear, all priced at $30 or less, with new items seasonally, Denise Incandela, head of fashion, Walmart US e-commerce, said in a blog post.
The partnership is likely to help Walmart recover lost ground against Amazon.com Inc and others in the rapidly growing fashion category. If Walmart succeeds, the move could advance its effort to access more affluent, younger, millennial customers who usually do not shop with the retailer.
The retailer said that the multi-year fashion partnership with DeGeneres would kick off on September 10 when the women's line debuts on Walmart.com and in more than 2,300 stores.
Walmart, the largest clothing retailer in the United States, has been upgrading the apparel section in its stores with improved displays, open floor plans and better fitting rooms.
In February, Walmart launched four private label clothing brands to boost sales in the category. In November, the retailer tied up with department store operator Lord & Taylor by offering it dedicated space on Walmart.com.
Walmart also acquired several small online brands like Shoebuy, Modcloth and Bonobos last year to boost growth in the clothing and accessories business.
By Nandita Bose.
The category’s biggest brands by market capitalisation report results this week, and will need to show they have a plan to fend off fast-growing competition.
By investing in an elevated product and shopping experience, Spanish retailers Inditex and Mango are seeing tremendous growth despite fierce competition from the likes of Temu and a cash-strapped consumer.
The ByteDance-owned app’s e-commerce play has been met with mixed response from users. Still, sales seem to keep ticking up.
The fashion resale company finally became profitable last year, but it was at the cost of losing consignors who complain that reselling is no longer as lucrative as it once was on the platform.