HOUSTON, Oct. 31,
2022 /PRNewswire/ -- Popable, a pop-up shop
marketplace platform connecting brands and spaces for short-term
retail leasing, and Walmart, the largest national retail department
store, announced today that they have entered a strategic
partnership that will allow small businesses to rent retail space
in Walmart stores across the country for short-term leasing. Small
businesses will have the opportunity to rent out pop-up space in
designated Walmart stores without being committed to a long-term
lease.
Walmart partners with tech start-up Popable
to offer small businesses pop-up shop opportunities inside their
stores.
"The growth opportunities for emerging brands are at the heart
of Popable's pop-up shop platform. We are excited to partner with
Walmart to bring new brands to local communities while providing
small business owners the ability to thrive with some great
built-in foot traffic," said Scott
Blair, the Co-Founder, and CEO of Popable. "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."
Brands and spaces can both list on Popable's online website
(https://Popable.com). Small businesses can then be paired with
their local participating Walmart to connect and enter into an
agreeable temporary leasing agreement. 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.
"Supporting small businesses has always been a priority for
Walmart. We are proud to work with Popable to offer local brands an
opportunity to grow inside our stores," said the senior director of
Retail services for Walmart, Darryl
Spinks. "This is a great example of our focus on offering
services unique to the neighborhoods we serve through our store of
the community initiative."
Due to the pandemic, many small businesses across the nation
severely suffered to the point where they had to close shop. Now,
with this opportunity, several small businesses and start-ups will
have the chance to bounce back in time for the holidays.
About Popable
Popable™ is a pop-up shop marketplace platform that connects
brands & spaces for short-term retail leasing. Brands will find
the qualified spaces, education, resources, community, and
connections they need to grow, while retail landlords can easily
find qualified retailers from a directory of thousands of brands to
fill vacancies and drive traffic to their shopping centers. This is
making retail more accessible for small to mid-size businesses
looking to get their foot into physical locations. More information
is available by visiting popable.com, on Facebook at
facebook.com/popablehq, and on LinkedIn at
linkedin.com/company/popablehq.
About Walmart
Walmart Inc. (NYSE: WMT) helps people around the world save
money and live better - anytime and anywhere - in retail stores,
online, and through their mobile devices. Each week, approximately
230 million customers and members visit more than 10,500 stores and
numerous eCommerce websites under 46 banners in 24 countries. With
fiscal year 2022 revenue of $573
billion, Walmart employs approximately 2.3 million
associates worldwide. Walmart continues to be a leader in
sustainability, corporate philanthropy, and employment opportunity.
Additional information about Walmart can be found by
visiting corporate.walmart.com, on Facebook
at facebook.com/walmart and on Twitter
at twitter.com/walmart.
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SOURCE Popable