Jan 7, 2020 1:45:00 PM
Apparel-as-a-service gained recognition nearly a decade ago with the debut of Rent the Runway, giving fashionistas everywhere the option to rent a designer dress at a fraction of the cost it would otherwise take to own it. Since then, the company has added monthly subscription offerings to serve the growing trend of renting clothes, recently reaching a valuation of $1 billion.
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