Rental

News & Analysis

Report: Rent the Runway Nears Funding Below Last $1 Billion Value

21 May 2020 • By Bloomberg

21 May 2020 • By Bloomberg

The fashion rental company is said to be seeking at least $25 million in a funding round, which would value the startup at about $750 million.

News & Analysis

Report: Rent the Runway Nears Funding Below Last $1 Billion Value

The fashion rental company is said to be seeking at least $25 million in a funding round, which would value the startup at about $750 million.

BoF Professional Exclusive

Luxury Fashion Rental Platform Armarium to Cease Operations

3 March 2020 • By Chantal Fernandez

3 March 2020 • By Chantal Fernandez

The company, launched in 2016, offered high-fashion in partnership with boutiques and stores.

BoF Professional Exclusive

Luxury Fashion Rental Platform Armarium to Cease Operations

The company, launched in 2016, offered high-fashion in partnership with boutiques and stores.

BoF Professional Exclusive

Three Strategies for Brands Entering the Rental Market

24 January 2020 • By Tamison O'Connor

BoF Professional Exclusive

Three Strategies for Brands Entering the Rental Market

Want to get started with rental, but not sure which avenue to take? BoF breaks down the options and weighs the pros and cons of each.

BoF Professional Exclusive

Inside the Closet of the Future

22 January 2020 • By Cathaleen Chen

BoF Professional Exclusive

Inside the Closet of the Future

With the rise of rental and resale, wardrobes of the future are primed to be smaller, more temporary and filled with pieces designed to last longer.

Op-Ed | Buy, Don't Rent: The Virtues of Owning Clothes

28 November 2019 • By Eugene Rabkin

Op-Ed | Buy, Don't Rent: The Virtues of Owning Clothes

The sharing economy promotes mindless overconsumption, argues Eugene Rabkin. Buy less, pay more and keep your garments for longer.

News & Analysis

Rent the Runway Says It's Open Again After Supply Chain Crisis

8 October 2019 • By Bloomberg

8 October 2019 • By Bloomberg

The fashion-rental company is trying limit the damage after subscribers last month said that outfits they ordered for special events didn’t arrive on time or were canceled without warning.

News & Analysis

Rent the Runway Says It's Open Again After Supply Chain Crisis

The fashion-rental company is trying limit the damage after subscribers last month said that outfits they ordered for special events didn’t arrive on time or were canceled without warning.

News & Analysis

Rent the Runway Pays Angry Customers $200 After Service Failures

27 September 2019 • By Bloomberg

27 September 2019 • By Bloomberg

The start up will issue refunds as well as give additional cash to customers who have had their orders canceled due to the supply chain problems.

News & Analysis

Rent the Runway Pays Angry Customers $200 After Service Failures

The start up will issue refunds as well as give additional cash to customers who have had their orders canceled due to the supply chain problems.

News & Analysis

Rental Apparel Brings New Wrinkles for Retail Stores

18 September 2019 • By Reuters

18 September 2019 • By Reuters

From Bloomingdale's to Gap-owned Banana Republic, more retailers are offering to lend out their clothing for a monthly rental rate.

News & Analysis

Rental Apparel Brings New Wrinkles for Retail Stores

From Bloomingdale's to Gap-owned Banana Republic, more retailers are offering to lend out their clothing for a monthly rental rate.

BoF Professional Exclusive

Lord & Taylor Has a Surprising New Owner. What Happens Now?

29 August 2019 • By Cathaleen Chen

BoF Professional Exclusive

Lord & Taylor Has a Surprising New Owner. What Happens Now?

Le Tote, a clothing rental service, has acquired the nearly 200-year-old department store chain, betting physical locations and Lord & Taylor's deep roster of brands will help grow the start-up's customer base.

BoF Professional Exclusive

Everyone Is Launching Rental Services. Is There Enough Demand?

27 August 2019 • By Cathaleen Chen

BoF Professional Exclusive

Everyone Is Launching Rental Services. Is There Enough Demand?

A decade after Rent the Runway launched its clothing rental platform, the concept is hitting the mainstream, with retailers from Ann Taylor to Urban Outfitters piling in. But will enough consumers fully embrace the concept to justify so many competing services?