• 39
  • 13
  • Favorite

Gap partners with Walmart to launch its first home collection

Dow Jones2021-05-28

Gap is scheduled to report first-quarter earnings after the closing bell on Thursday

Walmart Inc. and Gap Inc. announced a multi-year partnership early Thursday that will bring Gap's first home collection to the retail giant's customers.

Gap Home products will be available starting June 24 on Walmart's $(WMT)$ e-commerce site, with the most popular items heading to stores "at some point," according to a Walmart spokesperson.

This is the first partnership between the two companies.

The collection, created in partnership between Gap $(GPS)$ and the licensing agency IMG, will have more than 400 products, including bedding, bath items and home decor. Merchandise will be priced from $15.88 for a denim pillow to $64.98 for a reversible king-sized comforter set.

Gap announced in May 2020 that it had partnered with IMG to expand into new categories like baby care, furniture and textiles.

Read:'Pretty much everyone has them on sale': The nationwide obsession with buying face masks is over

Seasonal and special collections will launch throughout the year.

Gap has made a number of announcements in an effort to focus on its core brands and spark growth, including the sale of the Intermix boutique chain and the Janie and Jack kids brand.

Gap has also paired up with a number of big names recently, including gymnast Simone Biles, who left Nike Inc. $(NKE)$ to pair up with Gap's growing Athleta brand with Gap during the first half of this year.

Gap was upgraded to neutral from underperform at Credit Suisse last week as the back-to-school season, the Kanye collaboration and other factors bode well for the retailer.

And:Gap will get a near-term boost from back-to-school, tax credits and Kanye, says Credit Suisse

"Over the past few years, we've focused on expanding our home assortment to bring high-quality, stylish home goods and decor to our customers at an unbelievable value," said Anthony Soohoo, executive vice president of Walmart's home division, in a statement.

Also:Urban Outfitters soars after fewer promotions drive record earnings

Don't miss: Walmart may have lost grocery share during COVID, but it's well positioned to get it back

Gap stock has skyrocketed 74.1% for the year to date. Walmart stock is down 1.7% for the period. The Dow Jones Industrial Average has gained 12.6% in 2021 so far.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment13

  • Jazling
    ·2021-05-29
    Wow
    Reply
    Report
    Fold Replies
    • Jazling
      Ok
      2021-05-29
      Reply
      Report
  • OO_898
    ·2021-05-28
    Like 
    Reply
    Report
  • psion
    ·2021-05-28
    Like and comment pl
    Reply
    Report
  • FrankPang
    ·2021-05-28
    Like n comment
    Reply
    Report
  • Bbh09
    ·2021-05-28
    Pls help me to like and follow, thanks, will return!
    Reply
    Report
  • Bbh09
    ·2021-05-28
    Hi pls help me to like ! 
    Reply
    Report
  • Bibop
    ·2021-05-28
    Not a bad buy I think. 
    Reply
    Report
    Fold Replies
    • March_m
      Not a bad partnership i think
      2021-05-28
      Reply
      Report
  • Darren Kiew
    ·2021-05-28
    Like me. Thanks
    Reply
    Report
    Fold Replies
    • Darren Kiew
      Done
      2021-05-30
      Reply
      Report
    • psion
      like
      2021-05-28
      Reply
      Report
    • Ahjennn
      Respond to my comment thx
      2021-05-28
      Reply
      Report
  • CaptainMiya
    ·2021-05-28
    Please like and follow~[Salute] [Heart] 
    Reply
    Report
  • TripleWin
    ·2021-05-28
    Good to buy?
    Reply
    Report
    Fold Replies
  • DukeAlan
    ·2021-05-28
    Help like and comment pls
    Reply
    Report
    Fold Replies
    • FSYE
      done pls comment back tq
      2021-05-28
      Reply
      Report
  • schsch
    ·2021-05-28
    hi like me
    Reply
    Report
    Fold Replies
  • JackieZHD
    ·2021-05-28
    Test
    Reply
    Report
    Fold Replies
    • JackieZHD
      like
      2021-05-28
      Reply
      Report
    • NonoAhah
      Test
      2021-05-28
      Reply
      Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial