Walmart Jumps on the Clothing Subscription Bandwagon [The Motley Fool]
Walmart Inc. (WMT)
Last walmart inc. earnings: 2/18 06:00 am
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Source: The Motley Fool
Walmart Jumps on the Clothing Subscription Bandwagon Why is Walmart offering a “Stitch Fix for kids”? Walmart ( NYSE:WMT ) recently partnered with KIDBOX to launch a new subscription apparel service for kids. The service will offer four to five pieces of curated apparel for $48, which represents a discount of about 50% for the bundled items. Customers keep the clothing they want and return the rest, and shipping is free for both deliveries and returns. To sign up, parents fill out a short quiz and choose between on-demand deliveries or automatic shipments of up to six boxes per year. Unlike Stitch Fix ( NASDAQ:SFIX ) , Walmart won't charge "styling fees" for curating the boxes. KIDBOX will also match each purchased box with a clothing donation to a child in need. Walmart's decision to launch a clothing subscription service isn't surprising, since other retailers recently launched similar platforms to challenge Stitch Fix. Will Walmart's focus on kids' apparel set it apart from the
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WMT
Earnings
- 2/20/24 - Beat
WMT
Sec Filings
- 4/11/24 - Form 4
- 4/11/24 - Form 4
- 4/2/24 - Form 4
- WMT's page on the SEC website