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The company was founded by Richard A. One of the more well-known firms in this space is Rent the Runway, a New York company which began in 2009, where women can borrow designer clothes for a monthly payment. These cookies enable us and third parties to track your Internet navigation behavior on our website and potentially off of our website. Image copyright Getty Images The sharing economy is now making its way into the fashion industry as Urban Outfitters looks to rent clothes to younger fashionistas. The firm says that in terms of clothing, millennials in particular want variety and sustainability.

Best Urban Outfitters homeware

Subscribers can choose to buy an item or return all the clothing they borrowed before they receive anything else. See our for more information. We apologise to your bank account in advance, but you're probably going to also want all the rugs, cushions and wall hangings on offer View Gallery 23 Photos. The retailer is launching an online subscription service allowing people to borrow six items to wear for a month before swapping them. The analysts polled by FactSet had expected same-store sales to drop 2% in the period. The Retail segment contains the Anthropologie, Bhldn, Free People, Terrain, and Urban Outfitters brands; and its Food and Beverage division.

Urban Outfitters Inc to rent out clothing

. Turn your home into a real life Pinterest board with our pick of the best homeware available right now, including there relaunched rattan range of goodies for your bedroom. Comparable-store sales also dropped 3%, driven by negative retail store sales partially offset by growth in digital sales, the company said. The returned garments are washed or dry cleaned and inspected before they are loaned out again. It operates through the Retail, and Wholesale segments.

Urban Outfitters

Third parties may also place cookies through this website for advertising, tracking, and analytics purposes. This LinkedIn website uses cookies and similar tools to improve the functionality and performance of this site and LinkedIn services, to understand how you use LinkedIn services, and to provide you with tailored ads and other recommendations. By continuing your use of this website, you consent to this use of cookies and similar technologies. The Wholesale segment designs, develops, and markets apparel, intimates, active wear, and home goods under the Free People, Anthropologie, and Urban Outfitters brands. . .