Clothing subscription company Rent the Runway is pulling out of its retail stores, while department store chain Selfridges has said it is looking to try out new retail models including rental, resell and repair. Find out how both retailers are reimagining their retail models.
Two more retailers have joined the growing list of retail casualties from the pandemic. Learn more about the bankruptcy filings of Lord & Taylor, one of America’s oldest department stores, and its owner rental clothing company Le Tote, and Tailored Brands, the parent company of Men’s Wearhouse and Jos. A. Banks.
Walmart is making its first foray into the resale market. Find out how the world’s largest retailer hopes to appeal to budget conscious shoppers at a time when U.S. personal spending has seen the largest decline on record.
Macy’s didn’t have an easy year, but the retailer enjoyed a sales uptick in the 10 shopping days before Christmas and is moving to turn things around, including testing rental and resale to its retail strategy. Find out what learnings it has gleaned so far from the pilots.
Gap, Inc. is the latest retailer to try on resale apparel in an effort to appeal to evolving consumer palates. Find out how and when it will start accepting worn items at its breadth of apparel stores.
Nordstrom is rapidly rolling out resale items to its inventory through in-store and online shop See You Tomorrow, as well as an expanded partnership with Rent the Runway. Can the department store chain capture new customers with old clothes?