Walmart Marketplace expands into premium beauty, collectibles and pre-owned categories

Quick Summary:

As the retailer vies for collectibles shoppers and share in the secondhand market, it faces competition from established players like eBay.

A ThredUp report released earlier this year projected that the U.S.secondhand apparel market would reach $73 billion by 2028, growing 11% annually on average.

Walmart’s entry into the premium beauty market via its Marketplace comes as consumers continue to pay for cosmetics despite the lingering impact of inflation.

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Article Details

Author / Journalist: Tatiana Walk-Morris

Category: EconomyBusiness

Markets: United States

Topics: Market Walmart Marketplace Ebay Year Collectibles Report First Secondhand Company Shoppers

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-29 @ 11:13:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 374 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 22305132

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Main Topics: EconomyBusiness

Official Website: retaildive.com

Year Established: 2012

Headquarters: United States

News Last Updated: 3 days ago

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