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Netflix and shop: Online store offers limited-edition merchandise

Stock MarketsJun 10, 2021 07:56PM ET
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2/2 © Reuters. FILE PHOTO: The Netflix logo is seen on their office in Hollywood, Los Angeles, California, U.S. July 16, 2018. REUTERS/Lucy Nicholson/File Photo 2/2

(Reuters) -Netflix Inc will launch an online store to sell limited-edition apparel, lifestyle merchandise and collectibles based on "Stranger Things," "Lupin" and other popular shows, the streaming giant said on Thursday.

Netflix (NASDAQ:NFLX).shop will be available in the United States starting on Thursday and expand to other countries in the coming months, Netflix said in a blog post.

The video streaming pioneer is facing a growing list of competitors offering their own streaming services with new movies and TV shows. In April, Netflix fell short of Wall Street projections for new subscribers.

The online store offers a new source of revenue for Netflix and expands its product line beyond the items it sells through partenrs such as Target (NYSE:TGT) Inc and Walmart (NYSE:WMT) Inc.

Merchandise in the online shop will be "carefully selected high-quality apparel and lifestyle products," the company said.

Items debuting this month include streetwear and action figures based on anime series "Yasuke" and "Eden," and apparel and decorative items inspired by French crime thriller "Lupin," Netflix said. The "Lupin" products were developed with the Louvre museum.

In the future, the company plans to introduce products based on hit series "The Witcher" and "Stranger Things" and Netflix logo-wear from Japanese fashion house BEAMS.

Netflix has also created video games based on shows "Stranger Things" and "La casa de Papel (Money Heist)."

Shares of Netflix rose 0.4% to $487.72 in afternoon trading on Nasdaq.

Netflix and shop: Online store offers limited-edition merchandise
 

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