Popable, a pop-up shop marketplace platform that connects brands and spaces for short-term retail leasing, and Walmart, the largest national retail department store, have revealed that they have entered a strategic partnership to allow small businesses to rent retail space in Walmart stores across the country for short-term leasing.
Small businesses will have a chance to rent out pop-up space in designated Walmart stores without being committed to a long-term lease.
According to PR Newswire, brands and spaces can both list on Popable’s 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 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.
Many small businesses suffered severely during the height of the coronavirus pandemic, to the point where they had to make the difficult decision to close. With this new opportunity, several small businesses and start-ups will have the chance to bounce back – just in time for the holidays.