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Walmart Relaunches 'No Boundaries' Fashion Line To Attract Gen Z Customers

Published 14/06/2024, 12:50
© Reuters.  Walmart Relaunches \'No Boundaries\' Fashion Line To Attract Gen Z Customers
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Benzinga - by Shivani Kumaresan, Benzinga Staff Writer.

Walmart Inc (NYSE:WMT) is set to revitalize its major fashion label, No Boundaries, worth $2 billion, targeting young adults with a fresh line of apparel that blends modern design with affordability.

As the new academic year approaches, this overhaul aims to cater primarily to the back-to-school and college crowd.

With a strategic focus on the youth market, Walmart has now introduced a specialized design team for the first time to elevate the No Boundaries collection.

The team, composed of seasoned experts in Gen Z fashion, will guide the brand toward appealing directly to younger shoppers.

“There’s a huge opportunity for Walmart to reach a Gen Z customer with a brand that has both incredible style and unbelievable prices,” said Senior Vice President of Walmart U.S. fashion brands Jen Jackson Brown.

“We have 145 million U.S. customers shopping with us in stores and online each week, and the new No Boundaries brand is designed and marketed with intention to reach this young adult audience by focusing on fit, quality, style and fabrics that resonate with them.”

According to company surveys, a significant portion of Gen Z customers prefer versatile pieces that reflect their personal style.

The redesigned No Boundaries line promises to meet these preferences with its casual, trendy gear that encourages self-expression.

Also Read: Walmart Sweetens The Deal For Hourly Employees with Annual Bonuses And Skill Upgrades: Details

The collection, launching on July 16th, will showcase 130 new items across various categories, including men’s and women’s wear, footwear, and accessories.

Highlight pieces feature contemporary styles like baggy jeans and oversized sweat sets, crafted from premium materials such as lux fleece and authentic denim.

Moreover, the line will introduce eco-friendly innovations like plant-based bra pads derived from sugarcane.

With 80% of the No Boundaries items priced under $15, Walmart wants to make fashion accessible to a broad demographic, ensuring that style does not come at a premium.

The No Boundaries brand will also expand its presence online and through social media, including an innovative partnership with Roblox Corp (NYSE:RBLX), where users can purchase virtual outfits mirroring the physical collection.

This move taps into the digital-native habits of Gen Z, integrating fashion with popular gaming platforms.

Walmart stock has gained more than 27% in the last 12 months. Investors can gain access to the stock via the Consumer Staples Select Sector SPDR Fund (NYSE:XLP) and Vanguard Consumer Staples ETF (NYSE:VDC).

Price Action: WMT shares were trading lower by 0.15% at $66.60 premarket at the last check on Friday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo by Sundry Photography on Shutterstock

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

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