Walmart and Gap Are Coming Together to Create an Exclusive Home Decor Brand
Financial terms and the duration of the deal were not disclosed. Yet both companies said the brand is the start of a long-term partnership. Anthony Soohoo, Walmart's executive vice president for home, said customers should expect to see many denim- and chambray-inspired collections over the years. "It's not a capsule collection," he said. "It is a relationship that we believe we want to build, that is enduring for us." With the launch, Walmart will expand further into home and fashion, generate buzz and potentially woo new customers. The retailer has added more general merchandise, from furni...