In addition, RTR members will gain exclusive access to Nordstrom services, such as styling and gift wrapping. Most notably Le Tote, a competiive online fashion rental service, just acquired Lord & Taylor. Neiman Marcus has dabbled in it too, with a Rent the Runway shop-in-shop, but only in its San Francisco store. The latest Business of Fashion-McKinsey State of Fashion survey found 41% of consumers find fashion rental services more relevant to them in 2019. The service-centric Nordstrom Local stores are a reponse to that, as is its expanding partnership with Rent the Runway.

Source: Forbes November 16, 2019 20:37 UTC