Is Walmart Finally In Fashion?

Walmart sells a lot of clothes. Thanks to the pandemic and its own recent efforts, it may be poised to sell a lot more. The retail giant was eclipsed in the segment early this year by Amazon for the first time, but it’s still the second most likely place where U.S. consumers turn for apparel and footwear, according to an April report from Coresight. With Walmart designated an essential retailer in the early days of the pandemic, and specialty retailers and department stores closed, the retailer saw positive trends return to apparel sales, according to a May client note from Instinet. “For a category that is struggling across retail, we see this as a good sign,” they wrote. Read more at Retail Dive.