BENTONVILLE, Ark. — Walmart just isn’t a trend vacation spot, however high-profile designer Brandon Maxwell hopes to alter that because the artistic director for the retailer’s unique, higher-end Free Meeting and Scoop trend manufacturers, together with numerous males’s and ladies’s garments.
The announcement got here simply as Wells Fargo analysts reported Amazon had unseated Walmart because the main U.S. attire vendor. The report mentioned Amazon’s trend platforms, together with third-party, grew attire and footwear gross sales by 15% throughout 2020, exceeding $41 billion in enterprise.
Wells Fargo mentioned that’s 20% to 25% greater than Walmart’s attire enterprise because the No. 2 participant. Amazon’s trend and footwear gross sales signify about 12% of all attire offered within the U.S. and 35% of all clothes offered on-line.