Tuesday, May 28, 2019

WEST MARLBOROUGH: Rent, don't buy

West Marlborough resident Dick Hayne, co-founder and chief executive of Urban Outfitters, was mentioned in the May 22 "Wall Street Journal." This summer the firm will roll out a clothing rental business called Nuuly, run by Mr. Hayne's son, David. For $88 per month, customers can rent six items a month, and after keeping them for a month can either buy them or return them and receive another six.
Clothing rental, according to reporter Khadeeja Safdar, is "one of the fastest-growing areas of fashion." Other companies include Rent the Runway ($89 a month for four items), Le Tote ($60 a month for five items), and Haverdash ($59 a month for three items).

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