Did You Know Small Businesses Could Pop-Up in Local Walmarts?
Small businesses hit hard by the Covid-19 pandemic and the subsequent economic fallout can get a new lease on life from an unlikely source: retailing giant Walmart.
While the growth of big box stores has changed the retail landscape for smaller mom-and-pop operations, a deal between Walmart and Popable, a pop-up shop marketplace platform, could provide a needed shot in the arm for struggling small businesses.
Under the terms of the partnership, small-business owners can rent retail space in Walmart stores across the country through short-term leasing, without making a long-term commitment.
“For retailers emerging from a challenging year in the face of post-covid impacts ranging from rising economic concerns to delivery issues at the ports, pop-up retail could be a great way to move excess inventory,” said Scott Blair, the Co-Founder, and CEO of Popable.
The timeframe of these leasing agreements will be predetermined by the small business and can range in time from a month up to a year but could grow to a longer-term agreement. The terms are decided and negotiated by the brands and spaces directly themselves.