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American retail chain Macy’s to stop fur sale by end of FY 2020.(IANS)

American retail chain Macy’s to stop fur sale by end of FY 2020

Cincinnati | By Indo Asian News Service
UPDATED ON OCT 22, 2019 11:39 AM IST
Premium American retailer Macy’s, Inc. will stop selling fur by the end of fiscal 2020, it announced in a statement.
From New York & Company, owned by RTW Retailwinds Inc., to Bloomingdale’s and Banana Republic of Gap Inc., more retailers are offering to lend out their clothing for a monthly rental rate.(Unsplash)
From New York & Company, owned by RTW Retailwinds Inc., to Bloomingdale’s and Banana Republic of Gap Inc., more retailers are offering to lend out their clothing for a monthly rental rate.(Unsplash)

Garments for lease: ‘Rental’ apparel brings new wrinkles for retail stores

Madrid/New York | By Reuters
UPDATED ON SEP 19, 2019 12:02 PM IST
Rental platforms buy clothing wholesale from brands, but many are introducing revenue-sharing models whereby platforms allow brands to upload items for lease and then take care of cleaning and delivery in return for a share in the revenue.
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