Walmart just introduced its new line of luxury-looking home furnishings for a fraction of the cost of high-end stores. The MoDRN collection will feature on-trend pieces sold exclusively online.
Within the past year, Walmart has experienced a 35 percent increase in visits to the home section of its website with customers spending more time browsing the selections. MoDRN integrates well into this newly acquired interest of its customers who want to give their home a trendy look minus the hefty price tag.
So what does this mean for the tech industry?