Walmart to launch new fashion line

NEW YORK, Aug 15: Walmart Inc said on Wednesday that it would tie up with comedian and talk show host Ellen DeGeneres to launch a women's fashion line, its latest attempt to make deeper inroads into the apparel space and gain market share in the category, report agencies.

The move builds on Walmart's partnership with Lord & Taylor that was rolled out earlier this year on Walmart.com. Walmart also recently started selling in-house apparel brands for women, kids and plus sizes.

The new fashion line, dubbed EV1, will feature nearly 60 items, ranging from denim, tees bearing Ellen quotes, accessories and footwear, all priced at $30 or less, with new items seasonally, Denise Incandela, head of fashion, Walmart US eCommerce, said in a blog post.

"The biggest inspiration [for EV1] was actually inclusiveness," DeGeneres said in a statement. "We wanted it to appeal and be available to as many people as possible."

The partnership is likely to help Walmart recover lost ground against Amazon.com Inc and others in the rapidly growing fashion category. If Walmart succeeds, the move could advance its effort to access more affluent, younger, millennial customers who usually do not shop with the retailer.

The retailer said that the multi-year fashion partnership with DeGeneres would kick-off on September 10 when the women's line debuts on Walmart.com and in more than 2,300 stores.

Walmart, the largest clothing retailer in the United States, has been upgrading the apparel section in its stores with improved displays, open floor plans and better fitting rooms.

In February, Walmart launched four private label clothing brands to boost sales in the category. In November, the retailer tied up with department store operator Lord & Taylor by offering it dedicated space on Walmart.com.

Walmart also acquired several small online brands like Shoebuy, Modcloth and Bonobos last year to boost growth in the clothing and accessories business.