Fashion start-up Le Tote Inc., which also filed for Chapter 11, bought the rights to the company’s stores, brand and e-commerce site from Hudson’s Bay Co. for $71 million last year.

BoF tried out five of the most popular fashion rental services. The verdict? While renting solves some pain points, the promise of an infinite closet has yet to be fulfilled.

The department store will return to Manhattan this holiday season as a temporary, two-week shop, according to a person familiar with the matter.

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.

The deal allows the Canadian retailer to divest operations of the struggling Lord & Taylor chain while holding onto the more valuable asset — the real estate on which the stores are located.

Expanded assortments and more niche offerings from companies like Rent the Runway and Le Tote are reaching new shoppers — and changing their spending patterns

Netflix, Spotify and Birchbox have tapped subscription services to build businesses with predictable revenue streams and loyal consumers. But for fashion companies, subscriptions present a unique set of challenges.

Most women only wear maternity clothing for a few months, so are unwilling to invest in fashion when pregnant. Could rental businesses offer a solution?