Is formalwear dead? Walmart's new fashion line and the rise of premium basics

On this week's #WednesdayOneThing, Maury and Hamza take a look at the changing trends in the fashion industry. Have a listen to learn about: Rent the Runway's discontinuation of their clothing rental platform, and what this means for high fashion How premium basics from brands like Kotn are differentiating themselves amongst competitors How Walmart is diversifying even further with their new fashion line, Free Assembly Read more: Office clothing brands face a bleak future where nobody goes to offices With new fashion line, Walmart’s private label apparel strategy emerges