Some Walmart stores will be offering shoppers a new option this holiday season.
The retail giant is partnering with Popable, a pop-up shop marketplace platform that connects brands and physical spaces for short-term retail leasing. Under the terms of the deal, small businesses will be able to rent retail space in designated Walmart stores across the country for short-term leasing, without being committed to a long-term lease.
Brands and spaces can both list on Popable’s online website. Small businesses can then be paired with their local participating Walmart to connect and enter into an agreeable temporary leasing agreement. The timeframe of the leases will be predetermined by the small business and can range in time from a month up to a year, but could also grow to a longer-term agreement. (The terms are decided and negotiated by the brands and spaces directly themselves.)Chain Store Age