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Business Wars Daily

Express Latest to Jump on Fashion Rental Bandwagon

Business Wars Daily

Audible

Business, Business News, News, Daily News

4.6717 Ratings

🗓️ 17 October 2018

⏱️ 4 minutes

🧾️ Download transcript

Summary

Today is Wednesday, October 17, and we’re looking at Rent the Runway vs. Express

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Transcript

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0:00.0

Wonderly Plus subscribers can listen to Business Wars daily ad-free right now.

0:04.8

Join Wonderly Plus in the Wondery app or on Apple Podcasts.

0:08.5

If you or someone you care about has cancer,

0:11.5

Macmillan Cancer Support's online community is here to help from day one.

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Macmillan's free online forum provides a safe space to get support from both experts and others who've been

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there. Members support each other anonymously, sharing what's helped them on a range of subjects,

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from dealing with side effects such as hair loss and fatigue, to money worries and managing work,

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or talking with children about a diagnosis. There are different forums on cancer types or experiences,

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opportunities to ask an expert, and blog posts.

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Find support 24-7 from people who get what it's like to have cancer.

0:46.7

To join, search McMillan online community.

0:49.3

One, three. From Wondry, I'm David Brown, and this is Business Wars Daily on this Wednesday, October 17th.

1:10.0

In 2009, two Harvard Business School friends dreamed

1:13.3

up an entirely new model for how to get dressed. Rent your clothing. When Rent the runway

1:20.4

launched, it offered shoppers the chance to rent designer evening gowns for a couple of hundred

1:25.0

dollars rather than spending thousands for a dress they'd only

1:29.1

wear once. It took off. CEO Jennifer Hyman says the company has nine million members. Last year,

1:37.1

Hyman went a step further to offer customers more than just evening gowns, but everyday clothing too.

1:43.3

Now you can rent up to four designer items a month for $90.

1:48.0

That daily wear rental model caught on.

1:50.7

Express, the trendy fashion retailer,

1:53.0

has launched a subscription service of its own called Express Style Trial,

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