In a partnership that both parties say isn't a one-time deal only, Walmart and Gap are teaming up to launch an exclusive home decor brand. Gap Home will launch on Walmart.com later in June, and the most popular items in the collection will eventually find their way into stores. Walmart's executive vice president for home Anthony Soohoo called the partnership a relationship that Walmart wants to build.
Financial terms and the duration of the deal were not disclosed. Yet both companies said the brand is the start of a long-term partnership.