The rental economy continues to grow, as major retailers and indie hopefuls alike debut services. Rent the Runway started the trend, but Ann Taylor launched their Infinite Style service in October and DSW is testing a new way to rent shoes. Retail spaces could continue to shutter their doors as more young consumers move away from traditional shopping. In fact, a study from UPS found that about 10% of “online shoppers ha[ve] rented a product online in the last year,” and 18-36-year-olds were three times as likely as other age groups to have done so. (LATimes)
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