Wednesday, September 18, 2019

Garments for lease: 'rental' apparel brings new wrinkles for retail stores

From New York & Company, owned by RTW Retailwinds Inc., to Bloomingdale’s and Banana Republic of Gap Inc., more retailers are offering to lend out their clothing for a monthly rental rate.

The services cater to a growing number of people  who want to purchase just a few items and rent the rest.. . . more