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Placeline/People
City Vaughan
Country Canada

Are wardrobe rental services budget friendly?

The combination of a new wave of minimalism sparked by tidying expert Marie Kondo and a growing sharing economy has spawned a fresh spin on fashion retail. As consumers purge their closets, entrepreneurs are moving to fill the gap with wardrobe subscription services, where clients pay a monthly fee to rent clothing for personal or professional use. Toronto-based Rent Frock Repeat recently decided to switch up from leasing out only special-occasion dresses and accessories to offering everyday clothing on a subscription basis. Co-owner Kristy Wieber says this new service, allows people to minimize their belongings but still have variety in a budget-conscious way. Instead of renting tuxedoes, ball gowns and costumes for one-time events, consumers can now rent sweaters, dresses and statement necklaces on a subscription basis. Most of these services involve customers paying a flat monthly fee for a set number of items, selected online ahead of time and delivered to homes. These items are then returned by mail after a certain period, usually a month, to be dry-cleaned by the rental company. The cost of a monthly membership can range from as low as $65 to as high as $139 per month. Personal finance expert Rubina Ahmed-Haq says with these services, for someone early in their career in a corporate setting, they can look the part at a small cost. 
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Information
Source name: 
The Canadian Press
Unique identifier: CP11754152 
Legacy Identifier: 3ad65829406e4af5849d273ff3b96616 
Type: Video 
Duration: 1m48s 
Dimensions: 1920px × 1080px     76.29 MB 
Create Date: 5/2/2019 8:06:00 PM 
Display aspect ratio: 16:9