Rental & Resale

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Rental & Resale

Resale, Rental and Subscription Models Revolutionize Retail

RIS takes a deep dive into the current and future states of resale, rental and subscription/membership models and how they are revolutionizing retail in 2020 and beyond.

Ikea to Open Its First Second-Hand Shop

Ikea has announced it will open its first second-hand Ikea store. Find out what it will be selling and why.

As consumers change how they shop during the pandemic, the clothing rental retailer is restructuring its memberships and bringing a key feature of its physical drop-off boxes online. Get the details.

Inc. has released its list of the fastest-growing private companies, and it’s a good year for retailers targeting the new teleworking consumer.   

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.

If you’d told Fernish CEO Michael Barlow six weeks ago that contactless delivery would be a crucial part of his business strategy, he might not have believed you.

Ross Stores has notified its vendors it’s canceling all merchandise orders through June 18 because of effects from the coronavirus.

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?

The apparel rental company is innovating retail again with a first-of-its-kind shopping experience that gives hotel guests access to customized travel wardrobes.

For the first time, H&M shoppers have the opportunity to rent clothing, as the retailer seeks to address environmental concerns. Get a first look at the retailer’s newly opened flagship and learn more.

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