Walmart, on Friday (July 29), launched a refurbished product program, dubbed Walmart Restored, that will sell used products that the company touts as “good as new,” according to a company blog post announcing the initiative by Michael Mosser, general manager of Walmart Marketplace.
Mosser promises the refurbished products available through the Walmart Restored program will carry the same “everyday low prices” as all other company offerings, at a time when customers are looking to save money in any way they possibly can on items ranging from necessities to “wish list” products.
“In a year when customers are looking for ways to save money, like-new refurbished products have become an increasingly popular way to cut down on costs without sacrificing quality,” wrote Mosser. “At Walmart, we already work with sellers and suppliers on Walmart.com who are committed to refurbishing top-quality products and preparing them for a new home at a fraction of typical costs.
“And now, those items will be even easier to find and shop with the Walmart Restored program designation. Whether they visit the Walmart Restored section of Walmart.com or see items pop up in search, it has never been easier for customers to shop for quality refurbished items featuring brands like Apple, Samsung, KitchenAid and more,” he wrote.
Walmart Restored will included laptops, kitchen appliances and more, all of which are professionally inspected, tested and cleaned, all with 90-day free returns.
Related: Tommy Hilfiger, My Wardrobe HQ Debut reCommerce Collection
Elsewhere on the reCommerce front, global fashion brand Tommy Hilfiger is teaming up with British rental service My Wardrobe HQ (MWHQ) to jump into the game with a new website. The companies will launch their partnership with a six-month pilot offering, including a collection that features past and current selections in womenswear, footwear and accessories for rent at resale prices.
Some of the biggest players in reCommerce have been struggling to impress investors lately, with another recent blow coming when The RealReal founder, chairperson and CEO Julie Wainwright left the company in early June after 11 straight unprofitable quarters. Meanwhile, Poshmark and thredUP are down 75% and 85%, respectively, over the past 12 months.
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