Two major American retailers are partnering on a new home essentials brand.
Walmart and Gap are launching Gap Home, a home décor, bedding and bath brand, that will be exclusively available at Walmart. Starting June 24, Gap Home’s launch collection will be sold on Walmart’s online platform.
“We’re thrilled that Gap selected Walmart as the exclusive retailer to debut its home brand. A hallmark of American fashion, Gap is the ideal partner to bring its timeless, signature style into the modern home to help customers design and decorate beautiful living spaces,” Walmart executive vice president of home Anthony Soohoo said in a statement. “Over the past few years, we’ve focused on expanding our home assortment to bring high-quality, stylish home goods and decor to our customers at an unbelievable value. Gap Home is the latest example of how we’ll deliver on that mission.”
This launch collection will feature more than 400 items with season and special collections slate to be released throughout the year. On Walmart.com, the collection is described as “timeless American style for modern living,” and consist of bedding, bath accessories, dinnerware, curtains, pillows and more.
On Thursday, May 27, Walmart’s stock price was up by 0.41 percent, or 60 cents to $142.77 per share as of 9:50 a.m., after closing at $142.17 on Wednesday.
Gap also is seeing its stock rise on Thursday with an increase of $1.50 percent or 51 cents to $34.53.
READ MORE: Riverdale Office Space Sells for $3.1 Million
Image courtesy of Walmart