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?
If you’re a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air. But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.
Your donation — as little as $5 — helps us create more content that matters to you and your community, and to reach more people where they are – whether that’s radio, podcasts or online.
When you contribute directly to Marketplace, you become a partner in that mission: someone who understands that when we all get smarter, everybody wins.
