A few weeks ago, Walmart announced the relaunch of Secret Treasures, its $1 billion sleepwear brand. The revamped line will feature trendier styles and even sell under a new brand name: Joyspun. The sleepwear category, said evp of apparel and private brands Denise Incandela, is “undergoing a significant transformation,” and it only made sense that Walmart “evolve and grow” along with it.
Nothing new about that, right? Changing tastes and market forces push brands to reinvent themselves all the time.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
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