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RENT THE RUNWAY SECURES $60M FOR ITS BUSINESS OPERATIONS

In Industry News, What's New by Accessories StaffLeave a Comment

Things are definitely looking up for Rent the Runway. Just recently, Rent the Runway announced that it got funds worth $60M through the efforts of Fidelity Management and Research Company, in collaboration with investors Technology Crossover Ventures, Bain Capital Ventures, Advance Publications, Inc., and Highland Capital Partners. Long story short: …

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NEIMAN MARCUS TAKES A TURN TO RENTING MERCHANDISE WITH NEW RENT THE RUNWAY SHOP

In Retail News, What's New by Christine GalassoLeave a Comment

Neiman Marcus is rolling out its first Rent the Runway shop-within-shop in its San Francisco Union Square store tomorrow. The initiative is aimed at attracting younger customers, a key demographic for the retailer whose average customer age is 51, amid declining sales. Rent the Runway’s success as a designer clothing and …

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Rent the Runway, Henri Bendel Partner on Showroom in Flagship Store

In Industry News, Marketing, What's New by Accessories StaffLeave a Comment

New York—A symbiotic relationship of sorts is developing between an online fashion rental site and a major specialty retailer. This week, Henri Bendel and Rent the Runway unveiled a 1,400-square-foot showroom at Bendel’s Fifth Avenue flagship. The “showroom” contains a rotating selection of the trendiest dresses and accessories from Rent …