Why department stores are getting into the rental business
Why department stores are getting into the rental business
Bloomingdale’s is launching a fashion rental service for women — similar to Rent the Runway, which has been leasing women designer dresses and accessories for almost a decade. Subscribers will pay $149 a month to rent items like dresses and jeans and outerwear. Also, WWD reports that Hudson’s Bay, which owns the department store Lord & Taylor, is close to a deal with the clothing rental service, Le Tote. And this summer, Nordstrom announced that it’s partnering with Rent the Runway. Why are department stores getting into rentals?
Stories You Might Like
As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.
Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.
Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.
