Clothing rental service Nuuly reaches profitability, beating rival …

Nov 21, 2023 · Urban Outfitters' clothing rental service Nuuly has turned its first profit since its launch in 2019, rivaling the performance of competitor Rent the Runway.

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Clothing Rental Service Nuuly Reaches Profitability, Beating Rival …

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Nov 22, 2023 · Urban Outfitters’ clothing rental service Nuuly has eked out its first profit thanks to a steady stream of new subscribers and a whopping 86% jump in revenue, hitting the …

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How Nuuly Achieved Profitability Ahead Of Rental Competitors

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Nov 22, 2023 · Revenue was up 86% from the same quarter last year to reach $65 million. The number of subscribers to Nuuly — a Rent the Runway competitor — increased by 38,000, …

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Nuuly Turns First Profit Via Diverse Assortment And Logistical ...

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Urban Outfitters ’ clothing rental service, Nuuly, has turned its first profit. The achievement of this milestone comes as a result of a growing subscriber base and an 86% increase in revenue ...

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

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Mar 23, 2023 · Nuuly has 150,000 subscribers—more than Rent the Runway had at the end of October. Its revenue surged 170% last year to $130 million. That was less than 5% of the …

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

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Nov 1, 2023 · The Retailer That Finally Got Rental Right. Urban Outfitters has spent over $100 million building Nuuly, a competitor to Rent the Runway that stocks more casual clothing. Four …

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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 sales …

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Nuuly Rent: What It's Like Using Urban Outfitters' Rental Service ...

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Feb 21, 2022 · But Nuuly is considered one of the company's most important growth initiatives, and the service saw a 55% boost in subscribers between the second and third quarters and …

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Nuuly Review 2024: Is This Rental Service Better Than ... - StyleCaster

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Mar 23, 2023 · Nuuly is a monthly clothing rental subscription service that provides customers the opportunity to select six pieces to keep for a full 30 days for just $88/month.

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Clothing Rental Service Nuuly Reaches Profitability, Beating Rival …

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Nov 22, 2023 · Urban Outfitters’ clothing rental service Nuuly has eked out its first profit thanks to a steady stream of new subscribers and a whopping 86% jump in revenue, hitting the …

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FAQs about Clothing rental service Nuuly reaches profitability, beating rival … Coupon?

Does nuuly rent clothes?

It's renting them. The company debuted Nuuly in 2019 to jump into clothing rental, which took off as a category last decade thanks to startups such as Rent the Runway. The pitch to women was easy—spend about $90 a month on a subscription to keep your wardrobe fresh, slash your dry cleaning bill and feel better about your carbon footprint. ...

Is nuuly better than rent the runway?

Stern is now a loyal subscriber to Nuuly, a rental service launched by Urban Outfitters Inc. in 2019, which she says better serves her post-pandemic need for more casual clothing. She’s not the only rental customer to make the switch. Though Rent the Runway had a nearly 10-year head start, Nuuly has vaulted past its competitor by some measures. ...

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. ...

Is the fashion rental industry making a comeback?

The fashion rental industry, severely impacted by the pandemic, is seeing a resurgence as the two major players—Nuuly and Rent the Runway—report growth alongside the emergence of smaller clothing rental platforms, driven by Gen Z consumers. The fashion rental industry is gradually making a comeback, with Urban Outfitters’ Nuuly, Rent The ... [+] ...

Is nuuly a big bet on renting?

Now the retailer, which owns the Urban Outfitters, Anthropologie and Free People chains, is quickly scaling what was already one of the apparel industry’s biggest bets on renting. Nuuly has 150,000 subscribers—more than Rent the Runway had at the end of October. Its revenue surged 170% last year to $130 million. ...

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. ...