Never heard of bonobo, but it high end luxury fashion seems at odds with WM's roots/Sam W's vision.
When I see Wal-Mart buy LVMH then I’ll believe this article. Wal-Mart is not going upscale IMHO...
We will see how upscale these places are after Amazon and Walmart gets through with them
Walmart better stick with the tried and true or they’ll lose their customer base.
Costco has been enlarging its footprint into certain high end products for a few years.
A couple of years ago, the monitor I use in my office for my Win 10 laptop or Acer Chrome died. So, I decided to buy a new one at Costco on our next shopping trip.
Their only stand alone monitors were very pricey and very large. I asked the Costco salesman what was happening.
He said that Costco had found out that they could sell the expensive high end monitors, laptop computers and desktop computers and make more money per unit sale.
Our ancient RCA tv was dying, and I asked the rep if they had any 42 inch 1080 tv sets
There were zero 1080 40ish inch tv sets in the same store. All of them were high end and very expensive. The rep advised me to order a Vizio from Costco online before they got rid of what we wanted. We did that and got a great TV delivered for about 300 $’s. I got a great monitor for $150 from Amazon.
Since then, we have noticed on many high end products in the Costco monthly mailer, they don’t even mention the prices.
We have seen a similiar trend at Costco re high end food, spices, olive oils and other food items including real Prime Beef, Copper River Sockeye salmon, ocean king salmon, dungeness crabs and Maine Lobsters.