How Urban Outfitters Is Winning The Clothing Rental Game

[@ChiCityLady]

They should do this for specialty clothes. Snow pants, skiing clothes, golf outfits, etc. Things you might only need once in a while

[@cadmunn]

Most ski resorts already do that. Or at least a few I’ve been too.

[@notanotherkelsey]

They do this already! Tons of snow clothes and athletic gear.

[@metallicalyssa]

Yes, I can confirm RTR offers ski wear and atheleisure!

[@9catlover]

such a great idea

[@imnugget8085]

That's dumb finicial so they barely break even already so with high end thing in clothing for 1 week use .-. Be impossible

[@TehWhimsicalWhale]

happy to hear Rent-A-Swag is doing so well!

[@leemythic4400]

​@Babytronenjoyeru don't understand the reference

[@leemythic4400]

It is from one of the funniest shows ever

[@marcdelvalle2127]

“You will own nothing and be happy” clothing edition.

[@txbre8758]

You’re not a woman. Owning something is not going away. But you know how often I’d love to just rent an outfit for something specific? Especially as my style changes and my body changes? I love this

[@susiex6669]

Exactly what I thought Marc. I would never pay to rent clothes the same way Id never pay for a membership to be allowed to shop in a store.

[@elaishh3533]

My thoughts exactly. I’ll make my own before I “rent” cloths

[@nicolem889]

Its best not to own. Really consider how many generations of stuff is sitting in landfields.

[@Koi-addict33]

😂😂😂

[@ThomasRager]

It's a great idea to rent clothes. If you run out of money, you will not just be stranded on the street; you will also be naked.

[@adamsd6638]

Make sense 😅

[@MrTidx90]

It’s why I workout so much. If my clothes get repossessed I’ll look good Naked.

[@Iquey]

Lmao don't rent out underwear and socks. There will always be a few basics people ain't gonna want secondhand. Renting is for events and maybe outer layers.

[@wanoroCemeng]

​@@MrTidx90🤣🤣🤣🤣🤣🤣

[@JackMason-oq8lf]

Thomas is smart with wit. His brevity hits this flaky idea out of the park. What kind of fool would pay $98 a month for dirty, used clothes. Go to Goodwill for free and buy on their ticket-color schedule. 50% off the ticket price for green price tags on Tuesday. 50% off the ticket price of pants on Saturday. And so on. It's a gamble, to save half off $7 pants. Go figure, debtor class. Borrowing $60,000 for an English Degree seems ridiculous. Which it is. Everything you can get with an English B.A. you can get with a Public H.S. except the Credentials to teach English to others who want to make a bane forthemselvtsrMills thy name is "Dumb as Hell," which connotes not only their stupidity but how their low level of academic achievement got them to that level. Zoomers have very quickly challenged the Idiot Sector of Life status. Flaky thy name is Zoom. Republican Mills: cruise the homophobic Salvation Army for bargain-fat fashions you can toss next Thursday. You'll be giving your academically-starved children a breakfast. Success comes to those who are most-hungry for it. Build that Mexican Border Wall to keep out those Mexican Border students who typically skew higher-level scores on Achievement Tests, those International achievement tests. You know, Mills, and Zooms, when all the Boomers are gone, out of your lives, at last, you had better brush up on your Mandarin, and Russian, maybe even your Spanish. After the Boomers are finally dead and gone, English will not be the Official language spoken in the United States. , English will no longer be the Official language of the United States.

[@MRLONG758]

I fear everything in the future will be subscription based

[@la7427]

Ugh you've got me thinking. Imagine, like an atm or medical care, you have to use an in-network gas station that you subscribe to or else be charged more.

[@awalker8371]

That’s next ugh

[@FeechLaMannas]

No one is going to be renting their essential wardrobe from this service. These may go away completely if economic conditions change or consumer taste and shopping trends change. Or we may evolve to a point where we start to make our own clothing again. Nothing in fashion is static…

[@wendyhernandez-gq7ok]

as a millennial which is part of their targeted audience, i would never pay for renting clothes from these companies. i can easily go to the thrift store and buy items as low as 50 cents! and in my neighborhood people organize free closets, where community members can get free clothes! also they need to realize that everything is getting expensive, and we can barely afford to buy groceries

[@JackMason-oq8lf]

Wendy makes sussinct sense to me. I just saw this headline and immediately its concept hit me as ridiculous.

[@YYTwice]

You paying for the box thats worth 800$ its the flex not wearing cheap

[@chelseagirl278]

you can easily find expensive items at thrift stores

[@FUNNYBUNNI1]

I buy all my clothes at the thrift for only about $100 max a year!

[@Chicago48]

Buffalo Exchange "exchanges" clothing, and I think that's a better format than renting clothes.

[@indiranarvaez8670]

It depends I think there are people who go to lots of events etc and they will be using rental more than buying also the time issue getting everything on internet....

[@awalker8371]

Me also I don’t get this maybe a special event I guess but I have gotten dresses for weddings for $2.00 tags from Nordstrom. I can’t believe this

[@elizabethwitt2621]

​@@Chicago48Yep. Agreed.

[@andrelukin6364]

$88/month? Crazy. Sometimes I spent less than $88 a year. People who are conscious about climate change should not buy new clothes and simply use what they already have. In most of the cases it will be enough.

[@machinmon.]

Wow you're poor

[@andrelukin6364]

@@machinmon. I already have everything I need. I prefer to invest my money than overconsume useless stuff.

[@ommanipadmehung3014]

@@andrelukin6364 i agree there's no point buying crap we don't need. I do think this idea however is still a good one environmentally and given the boxes are worth $800, for people who are high end spenders, this is a game changer for our earth

[@heyitsbroski]

Lol climate change 😆

[@awalker8371]

Your right he’ll you go to a good consignment shop and actually pay for clothes cheaper but I go thrifting that’s crazy

[@user-ne2bb5nh7t]

The rent the runway company lost so much money because their ads and service focused on renting high end clothes for special events, like going on a date or a party. When the pandemic happened, all that stopped, so people didn't need fancy clothes

[@ledwysdelgado7304]

Renting is always more expensive in the long run. If you have to rent everyday clothing, then you might be in trouble.

[@swatisharma9006]

In my opinion, most public would like a mix of owning and rental. A monthly fee of $98 probably won’t get many lower middle class or middle class people because they won’t spend this much just on clothes on monthly basis. So climate initiative might dampen in this scenario. Long term, it would be nice if we calculate carbon footprint 👣 on individual adult and corporation basis using something like SSN or TIN - this can allow for example ownership and rental mix of things inline with climate initiative goals - items like clothing, jewelry- basically most of items even food that we consume. This information will help not only track carbon footprint 👣 but also will help formulate better practices- lifestyle and market both.

[@la7427]

I think the narrator is wrong in including the "growing climate conscious population" into part of the driving force of a clothing rental business. They're not the people who would think flying clothes all over the country is helpful to the environment. They would more likely go thrifting.

[@tamirenno5845]

A way for corporate companies to make even more money than they already do! I suppose if I were to find one .good thing, it would be that they are keeping things out of landfills, other countries, and oceans. But I still believe we have become such a throw away society! We need to find a better way to be consumers.

[@worldcitizeng6507]

I like the concept but i know that if i really like a particular looks or the fabrics, i wants to keep it. I spend my money on traveling clothing, e.g. SPF 50, uv protection, quick dry fabrics etc. My new favorite is the mesh fabrics t-shirts from h&M, in silver and white, almost weightless, easy to wash, quick line dry. Great for layering/ mix& match to dress up or casual looks.

[@glorialovesChrist]

This is a good idea for the trendy customers.

[@ant_life_4ever]

I can see this working for minimalist because you don’t have to worry about storage. Just return.

[@stache1954]

Everybody still needs basics.

[@mentertainment5063]

How is this sustainable and how does it actually lower CO2 emissions? How does it save consumers money? How is minimalist lifestyle if this service is a dependent variable?

[@junlogan7609]

If you are gonna rent clothes. You rent high end clothes. Not every day wear like URBN brands.

[@MOBMJ]

as a Gen Z, I'm glad I'm not part of this problem. I don't care about what I wear, what I look like , and more importantly what others think about me. I don't care for this fast fashion stuff. I buy clothes that last a long time; years. I care about being comfortable, I don't need to impress anyone.

[@machinmon.]

And you're single right 😂

[@IKARNIFEX]

@@machinmon.sounds more like the thought of someone in a long term relationship

[@Ray03595]

Sounds pretty gross

[@annwilliams6438]

@@Ray03595Sounds like a REAL person getting on with a REAL life that makes a REAL positive difference to the world! Clean, comfortable, neat and appropriate to the activity clothing sounds quite fine. It certainly saves the environment as well as not wasting your time, money, and effort on always making yourself up to try to impress a bunch of people you don’t know, who don’t care and who do b-all else with their life.

[@Damathmatical]

Its crazy how CNBC is trying to frame this as a good thing for consumers. Imagine soending $88 a month on clothes that you don't even own.

[@royaldiadem_]

Imagine paying $88 a month for clothes someone farted in. Couldn’t be me 😷

[@hmacklemore2226]

Don't ever go thrifting then... lot more than farts!!!!

[@the77th]

This is one of those "Sounds good on paper" businesses. This is the Peloton business strategy .... Charge you $6000 for a $400 bike and then add on a subscription for "Classes" 😭 This is a "Niche" market that is EXTREMELY unsustainable .

[@annwilliams6438]

…but the CEO will leave with many, many millions with devastation in his wake. :(

[@9catlover]

i know if i was the type of person that goes out a lot, meet a lot of people - renting clothing would really appeal. But i work from home, only have a very small circle of friends, therefore I hardly buy any clothes when in the past i used to go shopping every christmas sale...now i am careful with what i buy, and I'd rather spend more on quality clothing that i feel i love, treasure and lasts. Also i am starting to make my own clothes as i love sewing. i still like to look good, but new fashion or trends i no longer care about. It feels so good to abstain from buying anything fashionable.

[@gretaeberhardt541]

This is taking you will own nothing and be happy to a whole new level. Incredible.

[@mimimelek8667]

Great idea great organization great people 👏👏👏👏👏

[@arkanelyass7697]

88$/ months = 1056$/year i would rather buy 1056$ clothes + chooses for almost 2-3 years

[@machinmon.]

I don't know...I like sleeping/renting with many girls rather than owning wife 😂

[@BorisEysbroek]

Damn, I don't even spend 1056 dollar on clothes in 13 years.

[@WELVAS.]

Bring the price down to $45 max and a lot more people who shop frequently and occasionally will consider

[@junlogan7609]

Also I find the clothes I wanted were never available on Nuuly. I have a similar problem with Rent the Runway as well but its not as bad as Nuuly.

[@MLNoff]

If they cared about women, they'd open the center in a state that supports women's healthcare.

[@EE-uj6tw]

Can’t sell that warehouse full of crap,so let’s rent it out.There’s the business model cloaked in “sustainability”

[@dmalka336]

Wow. Good for them. First I'm hearing of Nuuly.

[@DJRenee]

I always thought renting clothes made sense. I see people who buy clothes and only wear them once. But they spend, $20K plus every year.

[@TheWorldofSam]

The only people that I see this working for are upcoming celebrities who constantly attend events and don’t want to repeat their outfits. Other than those, doesn’t make sense lol

[@barbadosslim895]

We can't even afford to own our clothes anymore. Why are we celebrating this?

[@MM-lo8dn]

"YOU WILL OWN NOTHING AND BE HAPPY." - KLAUS SCHWAB

[@Shh_kult]

We do not own anything since the beginning of time.We are "renting "in a way our body suits to experience life on Planet Earth with All that offers.

[@finurra3905]

I love this concept I’ll definitely be renting from Nuuly in the near future

[@lf9341]

it's awesome. I'm going to try Armoire too.

[@junlogan7609]

Rent the Runway makes sense. The items RTR carries retails for 150-1300. Let's say on average their clothes retail for $300. You have their 10 item subscription. You will be able to wear 120 items per year for different occasions without creating a single waste. For the same money(144x12=1728), you can only buy 5.7 items that retail for $300.

[@auro1986]

if you do not return rented clothes then will they send agents to disrobe you?

[@Chicago48]

When the clothes are returned, they are no longer "new". They are used. Are the clothes cleaned and at what cycle does the company trash the clothing?

[@s.g.e5523]

yeah like you want to own your clothes.. and man tbh spend more on clothes in your life they are a good investment imo its how u appear buy quality things that last.

[@Ziegut]

This. I remember stepping inside a Rent the Runway store one time, and all of the clothes had a worn look to them. It was a bit uncanny because the clothes were displayed well and nothing was out of order, but it looked like someone took all the fancy, used clothes from people’s closets and put them on display.

[@SweetHomeGeorgia]

I know I saw in Los Angeles, RTR had a popup shop selling their past season clothes that they don't want to rent out anymore for cheap

[@silverflame2501]

This is good for the enviroment.... Just have a standard outfit....... and every rented close is an extra😊

[@MattCRHughes]

8:30 to 8:40 really tells the story of this video, which is “successful but historically risk-averse dad YOLO’d it on his nepo baby & it worked out.” Not saying I would have done anything differently if I were in that position, but let’s call it what it is.

[@wissamkhoury6959]

Excellent system

[@sophiasummers1637]

Fast fashion is already a recycling business for the most part. Synthetic fibers are made the part of crude oil that isnt usable in gasoline production

[@amandalove3368]

People can no longer afford to own clothes. We are winning.

[@SciCuri0us]

seems difficult to maintain

[@stache1954]

Easy to drop this service in a recession.

[@inuhundchien6041]

I would rent a dress for a huge celebration or something but I don't think that kind of stuff happen every month.

[@ccutehoney]

But you could also go to Nordstrom or Bloomingdale’s and get a designer dress for 25% of the price. I’m not a celebrity but I have gotten dresses that were marked at 1,000 for 200 before. Sales are always there

[@junlogan7609]

Poor women's Rent the Runway. Rent the Runway has faster shipping/more variety/higher quality/better value even for everyday wear. Nuuly is targetting teens/early 20s to liquidate their URBN brands inventory, and the subscription price isnt worth the value of the clothes you get.

[@anthonyj7311]

🤔 This model is strange. This is like I'm renting a bike for a month and paying 50% of the value of the bike. Because come on people clothes is over priced anyways and we're just paying for the brand. Also I'll be wearing clothes that 100s of people already wore. This is truly turning into a rent everything and own nothing world.

[@Tcyc-le3pi]

People will complain about being broke and not being paid well then go and rent clothes😂

[@ommanipadmehung3014]

this is amazing

[@Flemo2140]

Is clothing rental more environmentally conscious though? I would imagine transporting clothes around the US for people to wear a few times then return would have some imapct?

[@user-eu3op7or6v]

Good idea

[@DailyManifestations7]

At the 2:20 mark there is a mistake in the VO. You're showing "Vince." and the narrator says "Vince Camuto".

[@NoName24-s6i]

Scabies, Lice, Bed Bugs oh my 😅

[@awalker8371]

😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂

[@Ziegut]

Are they making up their numbers? 100 dollars a month and their subscribers are growing? In this economy where college grads are struggling to find good jobs? And, miss me with the green washing. It’s more environmentally friendly to just consume less, or buy clothes from a thrift store or at swap parties. This company’s business model runs on adding more clothes to their inventory, so sustainability is out of the window.

[@brianivandertp]

I imagine if this is in Indonesia, people will "rent" and never return. The business will bakrupt in a few months. You might think, oh if they don't return, you won't be able to rent the next time. Well guess what, people register using other people's ID and still able to fraud the system.

[@SirThomas1212]

We can't afford housing 😂 yep, not even own their damn clothes!

[@Koi-addict33]

These sort of companies existed in the UK in the 70,s but not nowadays it's like laundermat I think you call them we called them launderettes shops with washing machines I was amazed America still had these

[@yasmanygarlobo2058]

Well I think it’s weird… however most people treat their clothes like rentals anyways. Throwing soo many pieces away. And they even treat phones like rentals. It’s idk human behavior. Also I don’t mind renting like winter coats or maybe other stuff that’s not in your every day outfits. I don’t see anyone renting out a tee shirt

[@makegoodfashion]

Curious what happens when these pieces go out of trend or wear out...

[@chrism5923]

Renat a swag actually works

[@Sebastian-gf2fk]

Come on! In my country we donate for free. Stop making everything a business.

[@saulgoodman2018]

What is wrong with people selling clothes that they no longer wear?

[@Sebastian-gf2fk]

@@saulgoodman2018 need i to explain why make rich people richer and poor poorest is a problem ?

[@saulgoodman2018]

@@Sebastian-gf2fk And some company selling clothes is a problem, how?

[@joeson7700]

Rental GARMENT - Apparel are good IDEAS , rental costs must be RELEVANT to Quality condition , State & SANITY of previous owners

[@cristianfamigliuolo]

Come tutte le aziende senza concorrenza se sono bravo ed organizzati incassano fino a quando qualcuno non gli mangia una fetta della redditività.

[@aspiring...]

Most months I don't buy any clothes. I would rent specialty items.

[@la7427]

Big pass. There's no logical reason for this for the typical person. For that much money a year I could own my clothes, not pay to receive already worn and mended clothes to return.

[@pixelfive1272]

Of course the company continued to invest - It's his dad! LoL I'm sure the so-called prior "conservative" choices did not directly concern his son.

[@fi1158]

this is a rubbish piece by CNBC, I feel Urban Outfitters paid them to do this segment as a marketing gimmick

[@askyourself900]

If you are “renting” clothing sad to say, you need to reevaluate life . They’ll always be wolves willing to capitalize upon what handicaps you all the way to the bank.

[@Turtlesipslow]

Aw man it’s over for murica the share economy has taken over the clothing industry

[@sethsanchez5267]

they made all that money and yet they took away my full time and my benefits despite being part of the management team… they did this company wide

[@sdfgh6017]

I can understand specialized clothing for winter like snow gear and other things but renting normal clothing is absolutely stupid

[@BradleySutton-s7m]

I have never understood/been interested in this. Paying to borrow clothes?? 1000 a year to be left with essentially nothing

[@craighohmann9534]

Let’s make clothes out of all recyclables. From Food, Clothing, Fuel. With The herb marijuana. That is the most valuable tool to save our planet.

[@sheadoolittle]

You will own nothing and be happy…

[@machinmon.]

You can't take it with you

[@sleepovershelter]

SRS Halifax > this mall who discriminates on small local businesses

[@saulgoodman2018]

The audio is so bad at times.

[@herpderp297]

Something doesn't add up...

[@ahmedhamad5794]

It's like wedding dress renting, but with more & more clothes.

[@californiaplant-basedeater2761]

Hopefully more than one person has the responsibility of being the sniffer when the clothes are returned.

[@PrinceChris93]

😂 lol renting clothes 😂so if you can't pay you end up broke and naked nahh im too broke for all that i can barely afford to eat or pay rent im not wasting 98 dollars a month for rental clothes

[@SOS-ct9mv]

Even in my 20's in the 90's I would have thought this was idiotic 😂 It's pretty shocking how willing young people are to blow their money away.😭😖 I really need a business scam🤔

[@alyssagutie302]

Any SC professionals here!? What are your thoughts!?

[@letsgobuddies]

Is this even hygienic i mean some armpits on used clothes really smell even if u wash them it just stays therw

[@susiex6669]

You will own nothing and be happy. Id rather wear my own clothes and pass it to others for free, when I no longer need them.

[@californiaplant-basedeater2761]

What are their policies on skid marks? I will not wear underwear.

[@magictravelkitty3440]

Gave it a try didnt like it. Some clothes looked worn and i was getting in a bunch of crap that didnt fit well .

[@blaydCA]

Green washing at it's best 🤣

[@Koi-addict33]

The boss lied in this interview as q4 numbers was terrible and he was in that quarter and down ten percent at the time , he either incompetent or a liar or both 😂

[@Bationnation]

If I caught my girl renting clothes that ain’t my girl

[@MarleneGonzalez-d9k]

Like leasing Expensive cars, no thank you 😊

[@antoniomuniz6118]

I can’t understand how people pay almost 1200$ per year just to rent clothes 😹

[@harshalbhatt5782]

Can only work in usa nd europe.

[@sweetness75951]

uh, this is definitely a money laundering front, who tf RENTS clothes???? absolutely bonkers

[@saulgoodman2018]

Dresses, tux. People been renting those for decades.

[@machinmon.]

And people been renting out their bodies since Adam and Eve

[@christinerayburn7251]

This whole thing confuses me and other people . . . Making URBN seem thoughtful about the climate crisis? They are fast fashion otherwise. So are they cutting back on how much clothes they release each week? URBN steals from small designers and they were in the top of wage theft in California! They haven’t signed on to the safety accord for garment workers. I’m thinking, and hoping, young people can see through this and realize the parent company who is not transparent about what they’re really doing to help the environment (besides LED lighting and solar panels) and they lack info about their supply chains. There is also no evidence that the company’s workers are paid fair wages. These issues are also incredibly important to young people who demand #WhoMadeMyClothes So, unfortunately whether this is really just another money maker vs they really care, is up in the air. If they really mean well then they would be making changes across the board, not just adding a new way to make money . . . Fast fashion is still fast fashion if they keep making it and now besides selling it they’re making you rent it

[@BEY.961]

First of all no one is dumping cardboard into landfills, it is the most recycled material on the freight side of the business 2nd why is cnbc like this? One day you guys will release a video about how clothing rental business is failing and then you post a video like this

[@michaelyun2407]

No thank I don't want to wear clothes others wore it before……

[@HamalaKarris2024]

Someone get that guy a barber

[@genevievevitale8141]

Yuck, these brands are all weak and cheap. I randomly buy Free People for lazy slob day clothing.

[@vistabadboi]

This is how rich people keep poor people poor

[@joekev27]

Jesus all i see is you will own nothing and be happy with it. Were renting clothes......... wow.

[@machinmon.]

You want to keep all your gold and pets with you in your tomb too like the pharaohs?

[@StephenGleason0]

@@machinmon.How many comments are you going to respond to? We get it, you love being a little pay-piggy for corporations

[@daniellealtic4684]

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