How Urban Outfitters’ Nuuly is outsmarting Rent the Runway

Nov 9, 2023 · Since launching in 2019, Nuuly, a clothing rental subscription service by Urban Outfitters Inc., is growing quickly.

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The Retailer That Finally Got Rental Right | BoF - The Business Of …

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Nov 1, 2023 · Rent the Runway still generates more revenue, with second-quarter sales of $75.7 million, compared with $55.8 million for Nuuly in a similar period. Urban Outfitters Inc., which …

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Urban Outfitters Takes On Rent The Runway With Nuuly (URBN)

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Mar 23, 2023 · Urban Outfitters Sees a $1 Billion Business in Taking On Rent the Runway Nuuly, started in 2019, already has 150,000 subscribers and $130 million in sales. By Olivia Rockeman

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Urban Outfitters’ Nuuly Rental Business Turns A Profit In Q3

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Nov 27, 2023 · Sales at Urban Outfitters’ rental and resale business Nuuly helped push the apparel conglomerate’s Q3 sales up 9% year over year to $1.28 billion. Nuuly’s own ... Rent …

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Urban Outfitters Introduces A Rent The Runway-like Rental Service

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May 22, 2019 · Urban Outfitters is introducing a clothing rental service. Subscribers to Nuuly will pay $88 a month to rent up to $800 worth of merchandise.

vox.com

FAQs about How Urban Outfitters’ Nuuly is outsmarting Rent the Runway Coupon?

Does Urban Outfitters have a clothing rental service?

Urban Outfitters Inc., or URBN launched a clothing rental subscription service, Nuuly in 2019. Despite similar services on the market, Nuuly has proven it can hold its own in a fairly new market, competing with Rent the Runway, which is older by a decade and struggling financially. ...

Did Urban Outfitters make a profit from nuuly?

Urban Outfitters' clothing rental service Nuuly has turned its first profit since its launch in 2019, rivaling the performance of competitor Rent the Runway. ...

What is nuuly & how can it help Urban Outfitters Inc?

Nuuly's rental platform is scaling up and helping to propel Urban Outfitters Inc. forward, featuring clothes from Urbn, Anthropologie, Free People and more. ...

Is Urban Outfitters a budget version of rent the runway?

Urban Outfitters Inc. built its own rental service and operates its own warehouse; it stocks clothes from its flagship brand, plus Free People, and Anthropologie, as well as brands like Levi’s and Paige. On paper, it sounded like a budget version of Rent the Runway. And that’s more or less how it played out. An outfit from Nuuly. | Source: Courtesy ...

Is 'nuly' a good side hustle for Urban Outfitters?

Then, a modern reframing of the business by Rent the Runway, which put rental on the map, but struggled along its own road to profitability. Now, Nuuly has arrived. Launched in 2019 within Urban Outfitters Inc., the rental service has gone from an interesting experiment to promising side hustle to growth driver for the retailer. ...

Will Urban Outfitters be profitable?

Urban Outfitters has spent over $100 million building Nuuly, a competitor to Rent the Runway that stocks more casual clothing. Four years in, the service is growing fast, and its owner says it will soon be profitable. ...