Could 26 (Reuters) – Hole Inc GPS.N is launching a brand new model of dwelling merchandise that shall be bought solely on Walmart’s WMT.N web site in June, the businesses mentioned on Wednesday, because the attire retailer seems to diversify its enterprise.
The house items market has boomed over the previous yr because the COVID-19 pandemic drove tens of millions into isolation and spend extra on their dwelling areas.
In response to Euromonitor, the U.S. dwelling furnishings market is about $163 billion.
Hole mentioned its dwelling furnishings will function greater than 400 gadgets together with tabletops, bedding and bathtub merchandise, and shall be accessible from June 24.
Costs will vary from $15.88 for a pillow to $64.98 for a comforter, the businesses mentioned, including that Hole is the primary vogue retailer to get right into a multi-year partnership with Walmart within the dwelling area.
(Reporting by Sahil Shaw in Bengaluru; Modifying by Ramakrishnan M.)
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